Law Offices of Howard G. Smith announces an investigation on behalf of Pathward Financial, Inc. (“Pathward” or the “Company”) (NASDAQ: CASH) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN PATHWARD FINANCIAL, INC. (CASH), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
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.
On this news, Pathward’s stock price fell $5.55 or 6.25%, to close at $83.12 on July 23, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Pathward securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260728789777/en/
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