Pathward Financial repurchased 303,632 shares at $92.18 in Q3 2026
Company reports 3.1M shares remaining under current repurchase authorization as of June 30, 2026.
What the filing says
Pathward Financial, Inc. (Nasdaq: CASH) executed share repurchases during its fiscal 2026 third quarter, repurchasing 303,632 shares of common stock at an average price of $92.18 per share. The company disclosed this activity in its quarterly earnings release filed as an 8-K on July 22, 2026.
As of June 30, 2026, the company had 3,127,179 shares remaining available for repurchase under its current common stock share repurchase program. The filing does not specify the original authorization amount, the execution mechanism (such as Rule 10b-18 open-market purchases or a 10b5-1 plan), or the total dollar value of the repurchases executed during the quarter.
The repurchase activity occurred during a quarter in which Pathward reported net income of $29.0 million, or earnings per diluted share of $1.37, compared to net income of $42.1 million, or $1.81 per diluted share, in the same quarter of the prior fiscal year. The company noted that the decline was primarily driven by changes in credit performance related to larger loans.
The Company repurchased 303,632 shares of common stock at an average share price of $92.18. As of June 30, 2026, there were 3,127,179 shares available for repurchase under the current common stock share repurchase program. — PATHWARD FINANCIAL, INC. 8-K filing · View on SEC EDGAR →
What this means
Frequently asked questions
- How many shares did Pathward repurchase in Q3 2026?
- Pathward repurchased 303,632 shares of common stock during the fiscal 2026 third quarter at an average price of $92.18 per share. This represents approximately 1.4% of the shares outstanding at quarter-end.
- How much buyback authorization does Pathward have remaining?
- As of June 30, 2026, Pathward had 3,127,179 shares available for repurchase under its current program. The filing does not disclose the original dollar authorization amount or the mechanism by which these shares were authorized.
- What execution mechanism did Pathward use for these repurchases?
- The filing does not specify whether the company used Rule 10b-18 open-market purchases, a 10b5-1 plan, or another method. Routine quarterly buybacks are often executed under general Rule 10b-18 authorization but are not always detailed in earnings releases.
- Why is Pathward buying back shares when earnings declined?
- Pathward continued its repurchase program despite a 24% year-over-year decline in net income in Q3, reflecting a long-term capital allocation strategy. Companies often maintain steady buyback pace through earnings cycles to support shareholder returns and manage share count over time.
- How does this buyback affect the share count?
- The 304K shares repurchased reduced the outstanding share count from approximately 21.3M shares at the start of the quarter. With 3.1M shares remaining under authorization, Pathward could execute several more quarters of similar-sized repurchases before requiring a new authorization.
- What is the dollar impact of the Q3 repurchases?
- At an average price of $92.18 per share, the repurchase of 303,632 shares cost approximately $27.98 million in aggregate. The filing does not disclose the original authorization amount, so the dollar-based remaining authorization cannot be calculated.