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Pathward, National Association

Sioux Falls, SD · Cert 30776 · Pathward Financial Inc.

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

48

Q2 2024Q2 2026peer median (50)

Asset Quality

3

Q2 2024Q2 2026peer median (50)

Profitability

97

Q2 2024Q2 2026peer median (50)

Liquidity

98

Q2 2024Q2 2026peer median

Efficiency

55

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Pathward, National Association

Sioux Falls, SD · Cert 30776 · Pathward Financial Inc.

National charter · OCC · 1 branch

Q2 2026

$7.3BAssets
$5.2BLoans
$6.0BDeposits
$882.6MEquity
Loan mix
2%RE $0.1B94%C&I $4.5B4%Consumer $0.2BQ2 2025Q2 2026
Deposit mix
4%Interest-bearing $0.2B96%Noninterest $5.7BQ2 2025Q2 2026

NIM

6.52%Q2 ’247.26%Q2 ’256.49%Q2 ’26+14%-11%

Non-interest income vs. expense

7.07%Q2 ’247.82%Q2 ’257.20%Q2 ’26-3%-36%

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.5% share · #4 of 42 inst. · $6.0B of $1127.8B

Executive Summary

  • Earnings: ROA of 2.81%, down 47 bps year over year; NIM at 6.61%.
  • Asset quality: problem loans at 5.28% of loans (+380 bps YoY), with net charge-offs at 0.84%.
  • Capital: tier 1 leverage ratio of 9.91%, down 9 bps from a year ago.
  • Funding: loans stand at 87.44% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.81%-47 bps YoY

Net Interest Margin (YTD, annualized)

6.61%-81 bps YoY

Efficiency Ratio (YTD, annualized)

57.97%-151 bps YoY

Tier 1 Leverage Ratio

9.91%-9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets3.29%2.91%2.65%4.00%2.81%-47 bps
Return on Equity28.91%25.06%22.73%33.07%23.28%-563 bps
Net Interest Margin7.41%7.19%6.99%6.19%6.61%-81 bps
Efficiency Ratio59.48%64.14%65.92%51.43%57.97%-151 bps
Non-Interest Burden1.86%2.70%2.97%-0.36%1.20%-66 bps
Growth
Asset Growth (YoY)-4.00%-4.97%-0.45%1.72%1.19%+519 bps
Loan Growth (YoY)3.26%1.68%9.40%9.08%8.60%+534 bps
Deposit Growth (YoY)-6.62%0.19%-2.62%0.55%-0.93%+569 bps
Asset Quality
Nonperforming Loans / Loans1.49%2.05%2.15%2.39%5.28%+380 bps
Net Charge-Offs / Loans0.52%1.62%1.11%0.47%0.84%+32 bps
Allowance / Loans2.21%1.10%1.16%2.00%2.11%-10 bps
Allowance Coverage of NPLs1.5x0.5x0.5x0.8x0.4x-1.1x
Capital
Tier 1 Leverage Ratio10.00%10.00%9.84%8.85%9.91%-9 bps
Total Risk-Based Capital14.68%14.19%13.73%14.49%13.31%-138 bps
Equity / Assets11.73%12.36%11.79%12.42%12.07%+34 bps
Liquidity & Funding
Loans / Deposits79.77%82.27%79.83%84.05%87.44%+767 bps
Liquid Assets / Assets3.50%1.57%4.38%2.12%1.80%-170 bps
CRE / Total Capitaln/a10.78%10.40%13.16%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Pathward, National Association

Sioux Falls, SD · Cert 30776 · Peer group: banks $1B-$10B in assets (n=322-328) · Pathward Financial Inc.

National charter · OCC · 1 branch

Q2 2026

$7.3BAssets
$5.2BLoans
$6.0BDeposits
$882.6MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 97% of banks $1B-$10B in assets (rank 10 of 328).
  • Widest gap: nonperforming loans / loans trails 99% of banks $1B-$10B in assets (rank 321 of 322).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

2.82%

Rank 10 of 328

Net Interest Margin

6.61%

Rank 10 of 328

Efficiency Ratio

58.33%

Rank 147 of 328

Equity / Assets

12.07%

Rank 78 of 328

Non-interest income vs. expense

$453.0M$543.4MINCOMEEXPENSE
Unfavorable gap of $90.3M · efficiency ratio beats 55% of banks $1B-$10B in assets
Bank 58.33%Peer median 59.6%Q1 2026Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.82%0.91%1.22%1.52%Beats 97%10 / 328
Return on Equity23.37%8.43%11.45%14.43%Beats 96%14 / 328
Net Interest Margin6.61%3.03%3.45%3.83%Beats 97%10 / 328
Efficiency Ratio58.33%51.61%59.56%67.53%Beats 55%147 / 328
Asset Quality
Nonperforming Loans / Loans5.28%0.24%0.51%1.03%Beats 1%321 / 322
Net Charge-Offs / Loans0.68%0.01%0.03%0.10%Beats 5%308 / 322
Capital
Tier 1 Capital Ratio12.05%11.75%13.15%15.47%Beats 31%227 / 328
Total Risk-Based Capital Ratio13.31%12.63%14.15%16.46%Beats 38%204 / 328
Equity / Assets12.07%9.15%10.33%12.01%Beats 76%78 / 328
Liquidity & Funding
Loans / Deposits87.44%76.63%87.92%95.36%49th pctl166 / 323
Loans / Assets71.17%65.18%74.15%79.98%40th pctl197 / 328
Brokered Deposits / Depositsn/aNot reported for this institution