Pathward
Pathward reported total assets of $7.3 bn at Q2 2026, up 1.2% on a year earlier, the 212th largest of 497 banks in our US coverage. The CET1 capital ratio at Pathward was 12.05%, and the uninsured share of Pathward was 12.74%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Pathward slipped from 205th to 336th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Pathward has one of the highest noncurrent loans to total loans readings among banks of $1 bn to $10 bn: 5.28% at , against a median of 0.58% across 339 banks (FDIC Call Reports).
- At 7.41%, the net interest margin of Pathward sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 3.66% (FDIC Call Reports).
What sets Pathward apart
- Few banks of $1 bn to $10 bn report a higher return on assets (ROA) than Pathward, at 2.81% in against a group median of 1.32%.
- Pathward has one of the highest return on equity (ROE) readings among banks of $1 bn to $10 bn: 23.28% at , against a median of 12.68% across 339 banks.
- At 0.86%, the net charge-offs to average loans of Pathward sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 0.06%.
How large is Pathward?
The balance sheet of Pathward at : assets $7.3 bn, deposits $6.0 bn, net loans $5.1 bn (loans equal to 85.59% of deposits). Securities make up 17.1% of total assets at Pathward. Since , when Pathward held $3.1 bn, its assets grew 138.1%. In the year to , deposits at Pathward fell 0.9% while its total assets rose 1.2%. At , Pathward employed 1,196 full-time equivalent staff across 1 office, about $6.1 mn of assets per employee and $6.0 bn of deposits per office.
How much funding at Pathward is uninsured?
At Pathward, uninsured deposits (above the FDIC limit) made up 12.74% of domestic deposits at (+1.12 pp on a year earlier); Pathward ranks 459th of 500 on this measure. In dollars, Pathward estimated $758.5 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.0 bn | -0.9% | 208th of 499 |
| Net loans and leases | $5.1 bn | +8.7% | 206th of 500 |
| Loan-to-deposit ratio | 85.59% | +7.59 pp | 272nd of 500 |
| Tier 1 leverage ratio | 9.91% | -0.09 pp | 314th of 500 |
| Total risk-based capital ratio | 13.31% | -1.38 pp | 322nd of 448 |
| Net interest margin | 7.41% | -0.79 pp | 13th of 500 |
| Return on assets (ROA) | 2.81% | -0.47 pp | 18th of 500 |
| Efficiency ratio | 57.97% | -1.51 pp | 293rd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $3.8 mn | Narrowed by $675,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $184.0 mn | Narrowed by $26.9 mn | |
| Noncurrent loans to total loans | 5.28% | +3.80 pp | 497th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.86% | +0.33 pp | 464th of 500 (1 = lowest) |
US rank of Pathward: 1 = highest unless marked 1 = lowest.
Balance sheet
Pathward: assets, deposits and loans
- Total assets $7.3bn
- Deposits $6.0bn
- Net loans $5.1bn
Capital and securities
The CET1 ratio of Pathward stood at 12.05% in , -1.37 pp year on year. Low and high at Pathward since : 11.49% () to 21.95% (). Equity capital of Pathward at : $882.6 mn, or 12.1% of total assets. Pathward also reported a total capital ratio of 13.31% for , and a tier 1 leverage ratio of 9.91%.
On held-to-maturity securities, Pathward carried an unrealized loss of $3.8 mn at , equal to 0.4% of equity capital. The loss narrowed by $675,000 over the year. Its deepest point: $11.2 mn in . The available-for-sale portfolio of Pathward showed an unrealized loss of $184.0 mn at ; the loss narrowed by $26.9 mn over the year.
Pathward: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.9%
Pathward: unrealized securities gains and losses
- Available for sale -$184mn
- Held to maturity -$4mn
Profitability and loan quality
For the year to , Pathward earned a return on equity of 23.28%; return on assets: 2.81%. Net interest margin at Pathward: 7.41%, -0.79 pp in a year. Pathward net income: $103.1 mn, down 13.8% year on year. The efficiency ratio of Pathward was 57.97%: about 58 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 5.28% of total loans at Pathward; net charge-offs: 0.86% of average loans. Gross loans and leases at Pathward: $5.2 bn, up 8.6% in a year.
Pathward: profitability
- Return on equity 23%
- Net interest margin 7.4%
- Return on assets 2.8%
Peer group of Pathward
The peer group of Pathward is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Pathward (national bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in South Dakota. Against them, Pathward shows CET1 ratio 12.05% against a peer median of 13.39%, return on equity 23.28% against a peer median of 11.12% and uninsured deposit share 12.74% against a peer median of 31.43%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Needham Bank | State member bank | MA | $7.4 bn | 11.50% | 9.14% | 28.20% | |
| TBK BANK, SSB | State-chartered stock savings bank | TX | $7.4 bn | 11.36% | 4.16% | 26.37% | |
| Comenity Bank | State nonmember bank | DE | $7.4 bn | 15.53% | 36.37% | 1.04% | |
| Pathward | National bank | SD | $7.3 bn | 12.05% | 23.28% | 12.74% | |
| Lake City Bank | State member bank | IN | $7.2 bn | 14.13% | 15.52% | 57.58% | |
| The Farmers National Bank of Canfield | National bank | OH | $7.2 bn | 12.64% | 11.64% | 34.66% | |
| Johnson Bank | State member bank | WI | $7.1 bn | 15.62% | 10.61% | 49.03% | |
. FDIC Call Reports.
Last eight quarters
Two years at Pathward, to : assets -3.0%, deposits +1.3%, equity +1.9%. Staff 1,241 to 1,196.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.5 bn | $7.6 bn | $7.0 bn | $7.2 bn | $7.2 bn | $7.6 bn | $7.1 bn | $7.3 bn |
| Total deposits | $5.9 bn | $6.5 bn | $5.8 bn | $6.0 bn | $5.9 bn | $6.4 bn | $5.9 bn | $6.0 bn |
| Bank equity capital | $866.1 mn | $790.2 mn | $844.4 mn | $847.5 mn | $885.9 mn | $891.8 mn | $883.6 mn | $882.6 mn |
| CET1 ratio | 13.12% | 12.78% | 14.25% | 13.42% | 13.23% | 12.67% | 13.24% | 12.05% |
| Return on equity (ROE) | 24.26% | 23.03% | 37.21% | 28.91% | 25.06% | 22.73% | 33.07% | 23.28% |
| Uninsured share of domestic deposits | 10.95% | 9.20% | 11.94% | 11.62% | 11.07% | 10.81% | 11.23% | 12.74% |
| Full-time equivalent employees | 1,241 | 1,170 | 1,155 | 1,178 | 1,179 | 1,170 | 1,181 | 1,196 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Pathward, oldest first; figures before and after each event are not like for like.
- . Absorbed Crestmark Bank (FDIC certificate 34353).
Large one-quarter moves at Pathward
- Total assets at Pathward changed by +27.1% in the quarter to 2016-09-30, with no FDIC structure event in that quarter.
- Total assets at Pathward changed by +30.2% in the quarter to 2017-09-30, with no FDIC structure event in that quarter.
- Total assets at Pathward changed by +40.1% in the quarter to 2018-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Crestmark Bank.
- Total assets at Pathward changed by +50.1% in the quarter to 2020-06-30, with no FDIC structure event in that quarter.
- Total assets at Pathward changed by -30.6% in the quarter to 2020-09-30, with no FDIC structure event in that quarter.
- Total assets at Pathward changed by +34.7% in the quarter to 2021-03-31, with no FDIC structure event in that quarter.
- Total assets at Pathward changed by -28.0% in the quarter to 2021-06-30, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of Pathward?
Pathward reported $7.3 bn at in its Call Report. That makes Pathward the 212th largest of 497 banks in our US coverage.
Is Pathward the same as its holding company?
No. This page covers Pathward, FDIC certificate 30776; PATHWARD FINANCIAL INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Pathward profitable?
Pathward reported net income of $103.1 mn for the year to ; annualized return on equity: 23.28%. So yes: Pathward made a profit over these months.
When is data for Pathward next updated?
Figures from Pathward for are due after .
Where can I check the figures for Pathward?
In the FDIC BankFind Suite record for certificate 30776, and in the Call Reports of Pathward (RSSD ID 435077) at the FFIEC Central Data Repository.