Pathward Financial Results Presentation Deck
NON-GAAP RECONCILIATION
30
Adjusted Annualized NCOs and Adjusted Loans and Leases
($ in thousands)
Net charge-offs
Less: Tax services net charge-offs (recoveries)
Adjusted net charge-offs
Quarterly average loans and leases
Less: Quarterly average tax services loans
Adjusted quarterly average loans and leases
Annualized NCOs/average loans and leases
Adjusted annualized NCOs/adjusted average loans and leases¹
Dec 31, 2022
3,217
1,033
2,184
Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation
3,524,924
25,231
3,499,693
0.37%
0.25%
For the quarter ended
Jun 30, 2023
4,218
(266)
4,484
Mar 31, 2023
4,975
(1,064)
6,039
4,014,112
448,659
3,565,453
0.50%
0.68%
3,919,225
52,477
3,866,748
0.43%
0.46%
Sep 30, 2023
1,280
36,075
5,205
4,288,067
44,192
4,243,875
3.85%
0.49%
1 Tax services NCOS and average loans are excluded to adjust for the cyclicality of activity related to the overall economics of the Company's tax services business line.
Dec 31, 2023
5,486
851
4,635
4,535,826
28,050
4,507,776
0.48%
0.41%
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