Pathward Financial Results Presentation Deck

ASSET QUALITY 26 Nonperforming Assets ("NPAs") ($ in millions) 0.68% $45.0 1Q23 1.16% $40.9 0.44% 1Q23 $30.1 2Q23 INPAS 0.76% Nonperforming Loans ("NPLs") ($ in millions) $28.5 2Q23 0.55% INPLs $40.8 3Q23 Period Ended 0.93% NPAS/Total Assets $38.8 3Q23 0.77% Period Ended $58.0 4Q23 1.26% $56.2 4Q23 -NPLs/Total Loans Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation 0.53% $42.4 1Q24 0.88% $39.6 1Q24 ● ● Adjusted Net Charge-Offs ("NCOS")¹ Excludes Tax Services NCOs and Related Seasonal Average Loans ($ in millions) ● 0.61% 0.25% $2.2 1Q23 0.68% 0.46% $6.0 2Q23 0.46% 0.46% $4.5 3Q23 Period Ended Adj. NCOS -Adj. NCOS / Adj. Average Loans - LTM 0.49% 0.47% $5.2 4Q23 0.50% 0.41% $4.6 KEY CREDIT METRICS Annualized adjusted net charge-offs¹: 0.41% of average loans in 1Q24 0.50% of average loans over last 12 months Allowance for credit loss ("ACL") of $53.8 million as of December 31, 2023. ACL as a % of total loans and leases was 1.22% for 1Q24, a 28 bps decrease from the prior year. 1Q24 -Adj. NCOS / Adj. Average Loans The decrease in NPAs / NPLs compared to the sequential quarter was primarily driven by a workout of one previously mentioned relationship within the commercial finance portfolio. See appendix for Non-GAAP financial measures reconciliation.Tax services NCOs and related seasonal average loans are excluded to adjust for the cyclicality of activity related to the overall economics of the tax services business line. pathward

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