Pathward Financial Investor Presentation Deck

Credit Controls Limit the Risk in Consumer and Warehouse Programs 21 Warehouse Finance Asset-backed warehouse lines of credit used to support strategic initiatives. Lines are primarily secured by consumer receivables, whereby Pathward is in a senior, secured position as the first out participant. Have never had a charge off or loss. Agreements trigger waterfall protection for the "First Out" participant. ● ● ● All Loan/Collateral Cash Flows Admin Fees (0-5%) First-Out Tranche (Pathward Position) $50MM (50%) Junior Tranche $40MM (40%) Equity Tranche $10MM (10%) Pathward Financial, Inc. (Nasdaq: CASH) | 2023 Investor Presentation $100M Facility EXAMPLE Consumer Credit Program Consumer credit programs with marketplace lenders offer Pathward a risk adjusted return, protected by certain layers of credit support and balance sheet flexibility. Programs are offered to strategic partners with payments distribution potential. ● Agreements typically provide for "excess spread" build-up and protection through a priority of payment within a waterfall. Principal Repayment to Pathward Consumer Payments Principal, Interest, Fees Collection Account Principal Losses to Pathward Pathward's Agreed upon interest return Servicing Remaining Excess Spread to Pathward-owned escrow reserve Reserve release to partner is conditional (subordinate) based on product performance pathward

View entire presentation