Pathward Financial, Inc. (NASDAQ: CASH)

This investigation is for anyone who acquired securities in Pathward Financial, Inc. (NASDAQ: CASH) prior to July 22, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by stating that the Company had sufficient controls in place to prevent the Company from making bad loans when, in fact, the Company lacked such controls.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Pathward Financial, Inc. (NASDAQ: CASH) prior to July 22, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.