Pathward Financial Results Presentation Deck
Deposits
HIGHLIGHTS
Pathward's BaaS business generates fee income and
stable deposits.
Ability to attract and maintain these deposits provides
a powerful competitive advantage.
Noninterest-bearing deposits as a percentage of total
deposits has increased every year since 2018, from
54% in 4Q18 to 96% as of 4Q23.
$268 million of off-balance sheet deposits held in
custody at program banks as of September 30, 2023.
These off-balance sheet deposits earn recordkeeping
service fee income, typically reflective of the Effective
Fed Funds Rate.
18 Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation
End of Period Deposits ($B)
$1.3
$1.4
2013 2014
$1.7
96.1%
2015
$2.4
Deposit Breakdown
$3.2
2016 2017
Deposits held on Balance Sheet
$4.4
2018
3.8%
0.1%
$4.3
■ Noninterest Bearing
Deposits
■ Interest Bearing Non-
Time Deposits
■ Time Deposits
$5.0
$7.1
2020
$5.5
2021
2019
Total Deposits, including those held
at program banks
$7.2
$5.9
2022
$6.9
$6.6
2023
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