$CASH

META FINANCIAL GROUP INC

CIK:0000907471|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest and dividend income:
Loans and leases, including fees	$ 101,289	$ 108,766	$ 323,893	$ 340,370
Mortgage-backed securities	7,396	8,337	22,798	25,903
Other investments	5,348	6,489	19,440	27,679
Total interest and dividend income	114,033	123,592	366,131	393,952
Interest expense:
Deposits	140	287	4,620	5,147
FHLB advances and other borrowings	980	992	4,136	4,963
Total interest expense	1,120	1,279	8,756	10,110
Net interest income	112,913	122,313	357,375	383,842
Provision for credit loss	28,309	9,278	77,155	63,205
Net interest income after provision for credit loss	84,604	113,035	280,220	320,637
Noninterest income:
(Loss) on sale of securities	0	0	0	(22,899)
Gain on divestitures	0	0	0	15,044
Secondary market revenue	13,969	7,144	21,700	26,900
Gain (loss) on sale of other	(51)	394	1,320	2,007
Other income	6,731	5,496	19,550	18,934
Total noninterest income	76,731	73,442	281,674	269,344
Noninterest expense:
Compensation and benefits	52,361	48,559	159,630	149,755
Refund transfer product expense	2,758	2,818	11,958	11,401
Refund advance expense	90	(74)	1,587	1,225
Card processing	30,671	36,197	94,583	105,750
Building and software	13,054	10,633	37,835	30,646
Operating lease equipment depreciation	7,545	11,569	26,615	34,775
Legal and consulting	6,122	11,094	17,007	22,197
Intangible amortization	718	798	2,407	2,693
Impairment expense	177	1,077	177	2,590
Other expense	15,625	16,651	47,991	54,264
Total noninterest expense	129,121	139,322	399,790	415,296
Income before income tax expense	32,214	47,155	162,104	174,685
Income tax expense	3,062	4,795	24,426	26,966
Net income before noncontrolling interest	29,152	42,360	137,678	147,719
Net income attributable to noncontrolling interest	183	213	633	650
Net income attributable to parent	$ 28,969	$ 42,147	$ 137,045	$ 147,069
Earnings per common share:
Basic (in dollars per share)	$ 1.37	$ 1.83	$ 6.32	$ 6.20
Diluted (in dollars per share)	$ 1.37	$ 1.81	$ 6.29	$ 6.17
Refund transfer product fees
Noninterest income:
Noninterest income:	$ 11,209	$ 9,846	$ 46,353	$ 42,919
Refund advance and other tax fee income
Noninterest income:
Noninterest income:	696	307	58,341	49,416
Card and deposit fees
Noninterest income:
Noninterest income:	34,570	37,342	102,236	97,201
Rental income
Noninterest income:
Noninterest income:	$ 9,607	$ 12,913	$ 32,174	$ 39,822

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income before noncontrolling interest	$ 137,678	$ 147,719
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	36,910	45,423
Provision for credit loss	77,155	63,205
Provision for deferred taxes	5,145	16,256
Originations of loans held for sale	(2,748,526)	(1,925,438)
Proceeds from sales of loans held for sale	2,912,592	2,014,236
Net change in loans held for sale	27,691	(1,791)
Net realized (gain) on loans held for sale	(21,700)	(26,900)
Net realized loss on securities available for sale	0	22,899
Net realized (gain) on divestitures	0	(15,044)
Net realized (gain) on other	(1,320)	(2,007)
Impairment on rental equipment	0	2,590
Net change in accrued interest receivable	1,554	(8,611)
Net change in other assets	29,373	(29,182)
Net change in accrued expenses and other liabilities	(72,682)	(163,623)
Stock compensation	9,333	7,223
Net cash provided by operating activities	393,203	146,955
Cash flows from investing activities:
Purchases of securities available for sale	0	(2,280)
Proceeds from sales of securities available for sale	0	217,883
Proceeds from maturities of and principal collected on securities available for sale	114,236	127,261
Proceeds from maturities of and principal collected on securities held to maturity	2,092	2,676
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock	(199,920)	(210,159)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock	193,712	216,722
Purchases of loans and leases	(119,647)	(193,795)
Net change in loans and leases	(349,686)	(587,597)
Purchases of premises, furniture, and equipment	(9,921)	(8,339)
Purchases of rental equipment	(115,140)	(113,018)
Proceeds from sales of rental equipment	9,750	20,692
Net change in rental equipment	229	389
Proceeds from surrender of bank-owned life insurance	45,050	0
Proceeds from divestitures, net of transaction costs	0	608,455
Proceeds from sale of other assets	0	408
Proceeds from loans held for sale previously classified as portfolio loans	0	146,158
Net cash provided by (used in) investing activities	(429,245)	225,456
Cash flows from financing activities:
Net change in deposits	63,362	142,234
Net change in short-term borrowings	158,500	(262,001)
Dividends paid on common stock	(3,261)	(3,542)
Issuance of common stock due to restricted stock	1	0
Repurchases of common stock	(151,894)	(147,897)
Investment by (distributions to) noncontrolling interest	203	(1,229)
Net cash provided by (used in) financing activities	66,911	(272,435)
Effect of exchange rate changes on cash	(2,025)	30
Net change in cash and cash equivalents	28,844	100,006
Cash and cash equivalents at beginning of fiscal year	120,568	158,337
Cash and cash equivalents at end of fiscal period	149,412	258,343
Supplemental disclosure of cash flow information:
Interest	8,232	9,939
Income taxes	22,471	14,345
Franchise and other taxes	754	580
Supplemental schedule of non-cash investing activities:
Held for sale to loans and leases	88	27,155
Loans and leases to held for sale	88,223	130,011
Loans and leases to rental equipment	3,959	3,683
Rental equipment to loan and leases	90,607	83,309
Recognition of operating lease ROU assets, net of measurements	920	0
Joint venture membership interest divestiture	1,123	0
Retirement of treasury stock	$ 4,882	$ 0

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
ASSETS
Cash and cash equivalents	$ 149,412	$ 120,568
Securities available for sale, at fair value	1,219,616	1,327,843
Securities held to maturity, at amortized cost (fair value $23,273 and $25,653, respectively)	27,101	29,308
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost	30,915	24,708
Loans held for sale	97,288	179,421
Loans and leases	5,107,841	4,664,908
Allowance for credit losses	(109,780)	(53,319)
Accrued interest receivable	36,966	38,520
Premises, furniture, and equipment, net	43,313	40,632
Rental equipment, net	152,451	159,446
Goodwill and intangible assets	308,023	310,430
Other assets	251,227	329,879
Total assets	7,314,373	7,172,344
LIABILITIES
Deposits	5,950,309	5,886,947
Short-term borrowings	167,500	9,000
Long-term borrowings	33,533	33,456
Accrued expenses and other liabilities	311,885	385,487
Total liabilities	6,463,227	6,314,890
STOCKHOLDERS’ EQUITY
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2026 and September 30, 2025, respectively	0	0
Additional paid-in capital	657,682	648,330
Retained earnings	339,252	359,830
Accumulated other comprehensive loss	(142,706)	(145,461)
Treasury stock, at cost, 51,068 and 70,215 common shares at June 30, 2026 and September 30, 2025, respectively	(3,537)	(4,882)
Total equity attributable to parent	850,901	858,045
Noncontrolling interest	245	(591)
Total stockholders’ equity	851,146	857,454
Total liabilities and stockholders’ equity	7,314,373	7,172,344
Common stock, $0.01 par value; 90,000,000 shares authorized, 21,074,970 and 22,842,785 shares issued, 21,023,902 and 22,772,570 shares outstanding at June 30, 2026 and September 30, 2025, respectively
STOCKHOLDERS’ EQUITY
Common stock	210	228
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2026 and September 30, 2025, respectively
STOCKHOLDERS’ EQUITY
Common stock	$ 0	$ 0