Securities Fraud Investigation Into Pathward Financial, Inc. (CASH) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Pathward Financial, Inc. (“Pathward” or the “Company”) (NASDAQ: CASH) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON PATHWARD FINANCIAL, INC. (CASH), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On July 22, 2026, Pathward reported fiscal third-quarter 2026 results. Among other things, the Company recognized a provision for credit losses of $28.3 million for the quarter ended June 30, 2026, compared to $9.3 million for the comparable period in the prior fiscal year. In the Company’s earnings call, Pathward’s CEO Brett Pharr stated the increased provision was due in part to the Company having “identified a working capital loan that we believe involves a sophisticated fraud.” The Company also reported nonperforming assets were $277.5 million, representing 3.79% of total assets, compared to only $74.7 million, or 1.03% of total assets in the same period in the prior fiscal year.
