CASH SHAREHOLDER ALERT: Pathward Financial, Inc. Investors Encouraged to Contact Kirby McInerney LLP About Potential Securities Laws Violations
The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Pathward Financial, Inc. (“Pathward” or the “Company”) (NASDAQ: CASH) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.
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What Happened?
On July 22, 2026, Pathward reported fiscal third-quarter 2026. 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 alsodisclosed that nonperforming loans had increased to $277.5 million, compared to $119.8 million the quarter prior and compared to $74.7 million at June 30, 2025. The Company stated that the “primary reason for the increase in nonperforming commercial finance loans was related to certain renewable energy construction projects with a common developer.”
