PATHWARD FINANCIAL, INC., 10-Q filed on 9/10/2025
Quarterly Report
v3.25.2
Cover Page - shares
 6 Months Ended
Mar. 31, 2025
Sep. 05, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 0-22140  
Entity Registrant Name PATHWARD FINANCIAL, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 42-1406262  
Entity Address, Address Line One 5501 South Broadband Lane  
Entity Address, City or Town Sioux Falls  
Entity Address, State or Province SD  
Entity Address, Postal Zip Code 57108  
City Area Code 877  
Local Phone Number 497-7497  
Title of 12(b) Security Common Stock, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status No  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   22,772,570
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.25.2
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 254,249 $ 158,337
Securities available for sale, at fair value 1,411,520 1,741,221
Securities held to maturity, at amortized cost (fair value $26,492 and $30,236, respectively) 31,335 33,092
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 24,276 36,014
Loans held for sale 45,767 691,688
Loans and leases 4,464,870 4,075,195
Allowance for credit losses (102,890) (71,765)
Accrued interest receivable 37,081 31,385
Premises, furniture, and equipment, net 39,542 39,055
Rental equipment, net 202,194 205,339
Goodwill and intangible assets 311,992 326,094
Other assets 274,850 266,362
Total assets 6,994,786 7,532,017
LIABILITIES    
Deposits 5,819,209 5,875,085
Short-term borrowings 0 377,000
Long-term borrowings 33,405 33,354
Accrued expenses and other liabilities 328,125 424,389
Total liabilities 6,180,739 6,709,828
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at March 31, 2025 and September 30, 2024, respectively 0 0
Additional paid-in capital 643,888 638,803
Retained earnings 341,775 337,058
Accumulated other comprehensive loss (166,311) (153,394)
Treasury stock, at cost, 70,215 and 3,769 common shares at March 31, 2025 and September 30, 2024, respectively (4,882) (249)
Total equity attributable to parent 814,705 822,466
Noncontrolling interest (658) (277)
Total stockholders’ equity 814,047 822,189
Total liabilities and stockholders’ equity 6,994,786 7,532,017
Common stock, $0.01 par value; 90,000,000 shares authorized, 23,629,154 and 24,851,122 shares issued, 23,558,939 and 24,847,353 shares outstanding at March 31, 2025 and September 30, 2024, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 235 248
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at March 31, 2025 and September 30, 2024, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.25.2
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 26,492 $ 30,236
Preferred stock, shares authorized (in shares) 3,000,000 3,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Treasury stock (in shares) 70,215 3,769
Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 23,629,154 24,851,122
Common stock, shares outstanding (in shares) 23,558,939 24,847,353
Common Stock, Nonvoting    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 3,000,000 3,000,000
Common stock, shares issued (in shares) 0 0
Common stock, shares outstanding (in shares) 0 0
v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:        
Loans and leases, including fees $ 119,755 $ 113,083 $ 231,604 $ 216,937
Mortgage-backed securities 8,580 9,998 17,566 20,047
Other investments 13,669 14,013 21,190 24,899
Total interest and dividend income 142,004 137,094 270,360 261,883
Interest expense:        
Deposits 4,086 6,685 4,861 10,211
FHLB advances and other borrowings 1,639 1,775 3,971 4,111
Total interest expense 5,725 8,460 8,832 14,322
Net interest income 136,279 128,634 261,528 247,561
Provision for credit loss 35,266 29,744 53,927 37,502
Net interest income after provision for credit loss 101,013 98,890 207,601 210,059
Noninterest income:        
(Loss) on sale of securities (7,228) 0 (22,899) 0
Gain (loss) on divestitures (1,360) 0 15,044 0
Secondary market revenue 15,378 1,401 19,755 1,370
Gain on sale of other 627 294 1,614 3,165
Other income 5,866 6,044 13,438 11,223
Noninterest income 138,524 128,945 195,902 181,706
Noninterest expense:        
Compensation and benefits 51,905 54,073 101,197 100,725
Refund transfer product expense 8,475 7,366 8,583 7,558
Refund advance expense 1,265 1,846 1,299 1,876
Card processing 36,239 35,163 69,552 69,747
Occupancy and equipment expense 10,306 9,293 20,013 18,141
Operating lease equipment depreciation 11,779 10,424 23,206 20,847
Legal and consulting 5,879 6,141 11,103 11,033
Intangible amortization 1,082 1,240 1,894 2,224
Impairment expense 1,514 2,013 1,514 2,013
Other expense 19,733 13,183 37,612 27,655
Total noninterest expense 148,177 140,742 275,973 261,819
Income before income tax expense 91,360 87,093 127,530 129,946
Income tax expense 16,166 16,926 22,171 24,623
Net income before noncontrolling interest 75,194 70,167 105,359 105,323
Net income attributable to noncontrolling interest 237 249 436 506
Net income attributable to parent $ 74,957 $ 69,918 $ 104,923 $ 104,817
Earnings per common share:        
Basic (in dollars per share) $ 3.16 $ 2.74 $ 4.37 $ 4.07
Diluted (in dollars per share) $ 3.14 $ 2.74 $ 4.35 $ 4.07
Refund transfer product fees        
Noninterest income:        
Noninterest income: $ 32,663 $ 28,942 $ 33,073 $ 29,364
Refund advance and other tax fee income        
Noninterest income:        
Noninterest income: 48,585 43,200 49,110 43,311
Card and deposit fees        
Noninterest income:        
Noninterest income: 30,793 35,344 59,859 66,094
Rental income        
Noninterest income:        
Noninterest income: $ 13,200 $ 13,720 $ 26,908 $ 27,179
v3.25.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]        
Net income before noncontrolling interest $ 75,194 $ 70,167 $ 105,359 $ 105,323
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on debt securities 25,517 (23,414) (36,823) 65,121
Net loss realized on debt securities 7,228 0 22,899 0
Total 32,745 (23,414) (13,924) 65,121
Unrealized gain (loss) on currency translation (22) (579) (2,039) 39
Deferred income tax effect 8,117 (5,856) (3,046) 16,287
Total other comprehensive income (loss) 24,606 (18,137) (12,917) 48,873
Total comprehensive income 99,800 52,030 92,442 154,196
Total comprehensive income attributable to noncontrolling interest 237 249 436 506
Comprehensive income attributable to parent $ 99,563 $ 51,781 $ 92,006 $ 153,690
v3.25.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Total Pathward Financial, Inc. Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling interest
Beginning Balance at Sep. 30, 2023 $ 618,347 $ 619,352 $ 262 $ 628,500 $ 246,377 $ (255,443) $ (344) $ (1,005)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (2,566) (2,566)     (2,566)      
Issuance of common stock due to restricted stock 3 3 3          
Repurchases of common stock (56,364) (56,364) (11) 11 (50,527)   (5,837)  
Stock compensation 5,904 5,904   5,904        
Total other comprehensive income (loss) 48,873 48,873       48,873    
Joint venture membership interest divestiture (523) (523)     (523)      
Net income 105,323 104,817     104,817     506
Net distribution to noncontrolling interest 79             79
Ending Balance at Mar. 31, 2024 719,076 719,496 254 634,415 297,578 (206,570) (6,181) (420)
Beginning Balance at Dec. 31, 2023 704,246 704,756 260 629,737 268,427 (188,433) (5,235) (510)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,267) (1,267)     (1,267)      
Issuance of common stock due to restricted stock 2 2 2          
Repurchases of common stock (40,446) (40,446) (8) 8 (39,500)   (946)  
Stock compensation 4,670 4,670   4,670        
Total other comprehensive income (loss) (18,137) (18,137)       (18,137)    
Net income 70,167 69,918     69,918     249
Net distribution to noncontrolling interest (159)             (159)
Ending Balance at Mar. 31, 2024 719,076 719,496 254 634,415 297,578 (206,570) (6,181) (420)
Beginning Balance at Sep. 30, 2024 822,189 822,466 248 638,803 337,058 (153,394) (249) (277)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (2,392) (2,392)     (2,392)      
Repurchases of common stock (102,447) (102,447) (13) 13 (97,814)   (4,633)  
Stock compensation 5,072 5,072   5,072        
Total other comprehensive income (loss) (12,917) (12,917)       (12,917)    
Net income 105,359 104,923     104,923     436
Net distribution to noncontrolling interest (817)             (817)
Ending Balance at Mar. 31, 2025 814,047 814,705 235 643,888 341,775 (166,311) (4,882) (658)
Beginning Balance at Dec. 31, 2024 757,554 758,310 241 640,422 313,446 (190,917) (4,882) (756)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,190) (1,190)     (1,190)      
Repurchases of common stock (45,438) (45,438) (6) 6 (45,438)      
Stock compensation 3,460 3,460   3,460        
Total other comprehensive income (loss) 24,606 24,606       24,606    
Net income 75,194 74,957     74,957     237
Net distribution to noncontrolling interest (139)             (139)
Ending Balance at Mar. 31, 2025 $ 814,047 $ 814,705 $ 235 $ 643,888 $ 341,775 $ (166,311) $ (4,882) $ (658)
v3.25.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (Unaudited) - $ / shares
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]        
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income before noncontrolling interest $ 105,359 $ 105,323
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 30,330 29,457
Provision for credit loss 53,927 37,502
Provision for deferred taxes 11,919 8,058
Originations of loans held for sale (1,377,073) (933,786)
Proceeds from sales of loans held for sale 1,146,702 968,998
Net change in loans held for sale 266,707 17,924
Net realized loss (gain) on securities available for sale 22,899 0
Net realized (gain) loss on loans held for sale (19,755) (1,370)
Net realized (gain) loss on divestitures (15,044) 0
Net realized (gain) on other (1,614) (3,165)
Impairment on rental equipment 1,514 2,013
Net change in accrued interest receivable (5,696) (7,012)
Net change in other assets (15,137) (14,007)
Net change in accrued expenses and other liabilities (93,517) 16,671
Stock compensation 5,072 5,904
Net cash provided by operating activities 116,593 232,510
Cash flows from investing activities:    
Purchases of securities available for sale (2,280) 0
Proceeds from sales of securities available for sale 217,883 0
Proceeds from maturities of and principal collected on securities available for sale 77,087 89,476
Proceeds from maturities of and principal collected on securities held to maturity 1,668 1,811
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (138,834) (183,010)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 150,572 185,377
Purchases of loans and leases (166,651) (163,091)
Net change in loans and leases (302,546) 238,799
Purchases of premises, furniture, and equipment (5,668) (3,592)
Purchases of rental equipment (87,111) (173,005)
Proceeds from sales of rental equipment 8,308 4,951
Net change in rental equipment 368 188
Proceeds from divestitures, net of transaction costs 608,455 0
Proceeds from sale of other assets 407 4,091
Proceeds from loans held for sale previously classified as portfolio loans 146,158 0
Net cash provided by (used in) investing activities 507,816 1,995
Cash flows from financing activities:    
Net change in deposits (43,802) (220,838)
Net change in short-term borrowings (377,000) 18,000
Principal payments on other liabilities 0 (550)
Dividends paid on common stock (2,392) (2,566)
Issuance of common stock due to restricted stock 0 3
Repurchases of common stock (102,447) (56,364)
Investment by (distributions to) noncontrolling interest (817) 79
Net cash provided by (used in) financing activities (526,458) (262,236)
Effect of exchange rate changes on cash (2,039) 39
Net change in cash and cash equivalents 95,912 (27,692)
Cash and cash equivalents at beginning of fiscal year 158,337 375,580
Cash and cash equivalents at end of fiscal period 254,249 347,888
Supplemental disclosure of cash flow information    
Interest 9,220 12,608
Income taxes 9,730 9,694
Franchise and other taxes 401 398
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 22,686 0
Loans and leases to held for sale 130,011 0
Loans and leases to rental equipment 2,588 2,538
Rental equipment to loan and leases 60,398 143,752
Recognition of operating lease ROU assets, net of measurements 0 654
Joint venture membership interest divestiture $ 0 $ 524
v3.25.2
BASIS OF PRESENTATION
 6 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim unaudited Condensed Consolidated Financial Statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended September 30, 2024 included in Pathward Financial, Inc.’s ("Pathward Financial" or the “Company") Annual Report on Form 10-K, as amended by Amendment No. 1 thereto, filed with the Securities and Exchange Commission ("SEC") on August 29, 2025 (the "Form 10-K/A"). Accordingly, footnote disclosures which would substantially duplicate the disclosures contained in the audited consolidated financial statements have been omitted.

The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The results of the three and six months ended March 31, 2025 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2025.

Certain prior fiscal year amounts have been reclassified to conform to the current year financial statement presentation. These reclassifications did not impact previously reported net income, comprehensive income or the statement of financial condition. Additionally, the Company began using "Secondary Market Revenue" on the Condensed Consolidated Statement of Operations for the interim period ending March 31, 2025 versus the previous caption of "Gain (Loss) on Sale of Loans and Leases". This line item exclusively comprises gains or losses realized from the sale of loans and leases, including any adjustments to record loans held for sale at the lower of amortized cost basis or fair value in accordance with ASC 860-20-50-5. There were no reclassifications of fiscal year amounts or prior period amounts as a result of this change in financial statement caption description.
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 6 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES (ASU) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2024 remain substantially unchanged.

The following ASU became effective for the Company on October 1, 2024, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosures primarily by enhancing disclosure requirements about significant segment expenses and additional interim disclosure requirements. The amendments will first be applied to the Company's annual financial statements for the year ending September 30, 2025 using a retrospective transition method. This ASU impacts disclosure only, and therefore does not have an impact on our consolidated financial statements.

The following ASUs have been issued and are considered applicable to the Company but have not yet been adopted.

ASU 2023-09, Income Taxes (ASC 740): Improvements to Income Tax Disclosures. This ASU requires enhanced income tax disclosures primarily related to the rate reconciliation and income taxes paid information to provide further transparency surrounding the Company’s income tax position. The amendments in this ASU will be effective for the Company beginning on October 1, 2025. This ASU impacts annual income tax disclosures only. The Company is currently evaluating the impact of such amendments to our Income Tax disclosures.

ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. This ASU requires entities to disclose specified information about certain costs and expenses within relevant expense captions in both annual and interim financial reporting. If costs and expenses do not fall within one of the disaggregated captions, qualitative description is required. The amendments in this ASU will be effective for the Company beginning October 1, 2027. This ASU impacts disclosure only, and therefore will not impact our
consolidated financial statements. The Company is currently evaluating the impact of this ASU on required annual and interim disclosures.
v3.25.2
DIVESTITURES
 6 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
DIVESTITURES DIVESTITURES
On October 31, 2024, the Company completed the sale of substantially all of the assets and liabilities related to the Bank's commercial insurance premium finance business, a component of the Company's Commercial segment, pursuant to the Asset Purchase and Sale Agreement (the "Purchase Agreement") dated August 28, 2024 with Honor Capital Corporation, a Florida corporation (the "Purchaser"), the successor by assignment to AFS IBEX Financial Services, LLC, and Honor Capital Holdings, LLC as guarantor. The purchase price at closing was based on the net asset value of the assets purchased and liabilities assumed pursuant to the Purchase Agreement plus a $31.2 million premium. The Company has summarized the results of the transaction as follows:

(Dollars in thousands)December 31, 2024Settlement
Adjustments		March 31, 2025
Assets Purchased and Liabilities Assumed
Cash and cash equivalents$4,686 $— $4,686 
Loans594,541 (1,360)593,181 
Premises, furniture, and equipment, net484 — 484 
Total assets purchased$599,711 $(1,360)$598,351 
Deposits$16,760 $— $16,760 
Accrued expenses and other liabilities1,158 120 1,278 
Total liabilities assumed$17,918 $120 $18,038 
Net assets purchased$581,793 $(1,480)$580,313 
Consideration paid at close603,290 8,223 611,513 
Consideration due9,703 (9,703)— 
Purchase price612,993 (1,480)611,513 
Premium on transaction31,200 — 31,200 
Other adjustments:
Goodwill derecognition(11,577)— (11,577)
Intangible derecognition(631)— (631)
Building lease derecognition471 — 471 
Deferred loan origination cost derecognition— (1,360)(1,360)
Transaction costs(3,059)— (3,059)
Total other adjustments(14,796)(1,360)(16,156)
Gain on divestitures$16,404 $(1,360)$15,044 

After final settlement adjustments, the sale resulted in an overall gain of $15.0 million before tax that was recognized within noninterest income on the Company's Condensed Consolidated Statements of Operations. The settlement adjustments during the three months ended March 31, 2025 resulted in a $1.4 million decrease of the previously recognized gain as of December 31, 2024 as a result of certain deferred loan origination costs that were excluded from the final settlement. See Note 8. Goodwill and Intangible Assets and Note 9. Operating Lease Right-of-Use Assets and Liabilities to the Condensed Consolidated Financial Statements for further information on the amounts included in the divestiture.
v3.25.2
SECURITIES
 6 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
The amortized cost, gross unrealized gains and losses and estimated fair values of debt securities available for sale ("AFS") and held to maturity ("HTM") are presented below.

(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
March 31, 2025
Corporate securities$25,000 $— $(3,875)$21,125 
SBA securities13,122 — (1,208)11,914 
Obligations of states and political subdivisions200 — — 200 
Non-bank qualified obligations of states and political subdivisions223,512 26 (31,536)192,002 
Asset-backed securities159,206 358 (2,303)157,261 
Mortgage-backed securities1,207,481 13 (178,476)1,029,018 
Total debt securities AFS$1,628,521 $397 $(217,398)$1,411,520 
September 30, 2024
Corporate securities$25,000 $— $(5,250)$19,750 
SBA securities86,036 — (4,101)81,935 
Obligations of states and political subdivisions501 — (21)480 
Non-bank qualified obligations of states and political subdivisions246,233 44 (28,287)217,990 
Asset-backed securities192,979 337 (3,618)189,698 
Mortgage-backed securities1,393,549 84 (162,265)1,231,368 
Total debt securities AFS$1,944,298 $465 $(203,542)$1,741,221 
Debt Securities HTM
March 31, 2025
Non-bank qualified obligations of states and political subdivisions$29,350 $— $(4,613)$24,737 
Mortgage-backed securities1,985 — (230)1,755 
Total debt securities HTM$31,335 $— $(4,843)$26,492 
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$31,060 $— $(2,668)$28,392 
Mortgage-backed securities2,032 — (188)1,844 
Total debt securities HTM$33,092 $— $(2,856)$30,236 
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
March 31, 2025
Corporate securities$— $— $21,125 $(3,875)$21,125 $(3,875)
SBA securities— — 11,914 (1,208)11,914 (1,208)
Non-bank qualified obligations of states and political subdivisions— — 190,046 (31,536)190,046 (31,536)
Asset-backed securities36,156 (313)63,930 (1,990)100,086 (2,303)
Mortgage-backed securities14,473 (123)1,013,605 (178,353)1,028,078 (178,476)
Total debt securities AFS$50,629 $(436)$1,300,620 $(216,962)$1,351,249 $(217,398)
September 30, 2024
Corporate securities$— $— $19,750 $(5,250)$19,750 $(5,250)
SBA securities— — 81,935 (4,101)81,935 (4,101)
Obligations of state and political subdivisions— — 280 (21)280 (21)
Non-bank qualified obligations of states and political subdivisions— — 215,956 (28,287)215,956 (28,287)
Asset-backed securities52,101 (176)88,576 (3,442)140,677 (3,618)
Mortgage-backed securities2,377 (15)1,215,781 (162,250)1,218,158 (162,265)
Total debt securities AFS$54,478 $(191)$1,622,278 $(203,351)$1,676,756 $(203,542)
Debt Securities HTM
March 31, 2025
Non-bank qualified obligations of states and political subdivisions$— $— $24,737 $(4,613)$24,737 $(4,613)
Mortgage-backed securities— — 1,755 (230)1,755 (230)
Total debt securities HTM$— $— $26,492 $(4,843)$26,492 $(4,843)
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $28,392 $(2,668)$28,392 $(2,668)
Mortgage-backed securities— — 1,844 (188)1,844 (188)
Total debt securities HTM$— $— $30,236 $(2,856)$30,236 $(2,856)

The decrease in the fair value of investment securities balances when comparing March 31, 2025 to September 30, 2024 was primarily driven by the sale of $217.9 million debt securities AFS and principal pay downs during the six months. The sale of debt securities AFS in the first quarter of fiscal 2025 stemmed from the decision to offset the gain on the sale of the commercial insurance premium finance business. The sale of debt securities AFS in the second quarter of fiscal 2025 stemmed from the decision to offset the gain on the sale of the transportation portfolio within working capital. Individual securities were identified for sale upon close of the transactions in order to reposition the debt securities AFS portfolio. At March 31, 2025, there were 152 debt securities AFS in an unrealized loss position. Management assessed each investment security with unrealized losses for credit loss by evaluating qualitative factors, including materiality of loss position as a percentage of book value, credit ratings, outstanding principal and interest payments, and changes in the underlying implicit or explicit guarantee of the security, and determined all unrealized losses on these securities were due to adverse market conditions and/or change in interest rates versus credit loss. As part of that assessment, management evaluated and concluded that it is more-likely-than-not that the Company will not be required and does not intend to sell any of the securities prior to recovery of the amortized cost. At March 31, 2025, there was no allowance for credit losses ("ACL") for debt securities AFS.
The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in MBS because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

(Dollars in thousands)March 31, 2025September 30, 2024
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$380 $382 $1,826 $1,796 
Due after one year through five years1,750 1,773 14,772 14,211 
Due after five years through ten years40,206 36,413 70,894 63,636 
Due after ten years378,704 343,934 463,257 430,210 
421,040 382,502 550,749 509,853 
Mortgage-backed securities1,207,481 1,029,018 1,393,549 1,231,368 
Total debt securities AFS$1,628,521 $1,411,520 $1,944,298 $1,741,221 
Debt Securities HTM
Due after ten years$29,350 $24,737 $31,060 $28,392 
29,350 24,737 31,060 28,392 
Mortgage-backed securities1,985 1,755 2,032 1,844 
Total debt securities HTM$31,335 $26,492 $33,092 $30,236 

Federal Reserve Bank ("FRB") Stock. The Bank is required by federal law to subscribe to capital stock (divided into shares of $100 each) as a member of the FRB of Minneapolis with an amount equal to six per centum of the paid-up capital stock and surplus. One-half of the subscription is paid at time of application, and one-half is subject to call of the Board of Governors of the Federal Reserve System. FRB of Minneapolis stock held by the Bank totaled $19.7 million at March 31, 2025 and September 30, 2024. These equity securities are 'restricted' in that they can only be owned by member banks.

Federal Home Loan Bank ("FHLB") Stock. The Company's borrowings from the FHLB are secured by specific investment securities. Such advances can be made pursuant to several different credit programs, each of which has its own interest rate and range of maturities.

The investments in the FHLB stock are required investments related to the Company's membership in and current borrowings from the FHLB of Des Moines. The investments in the FHLB of Des Moines could be adversely impacted by the financial operations of the FHLB and actions of their regulator, the Federal Housing Finance Agency.

The FHLB stock is carried at cost since it is generally redeemable at par value. The carrying value of the stock held at the FHLB was $4.6 million and $16.3 million at March 31, 2025 and at September 30, 2024, respectively.

These equity securities are ‘restricted’ in that they can only be sold back to the respective institution from which they were acquired or another member institution at par. Therefore, FRB and FHLB stocks are less liquid than other marketable equity securities, and the cost approximates fair value.

Equity Securities. The Company held $3.6 million and $3.3 million in marketable equity securities within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2025 and September 30, 2024, respectively. The Company recognized $0.1 million unrealized losses and no unrealized gains on marketable equity securities during the six months ended March 31, 2025 and 2024, respectively. No such securities were sold during the six months ended March 31, 2025.
Non-marketable equity securities with a readily determinable fair value totaled $12.8 million and $11.8 million at March 31, 2025 and September 30, 2024, respectively. These securities are held within other assets on the Condensed Consolidated Statements of Financial Condition. The Company recognized $0.8 million and $0.4 million in unrealized gains during the six months ended March 31, 2025 and 2024, respectively. No such securities were sold during the six months ended March 31, 2025.

Non-marketable equity securities without readily determinable fair value totaled $14.7 million and $13.6 million at March 31, 2025 and September 30, 2024, respectively, reflecting Company ownership interests in other entities through its Pathward Venture Capital, LLC, a wholly-owned service corporation subsidiary of the Bank that was formed in 2017 for the purpose of making minority equity investments and other corporate investments. During the six months ended March 31, 2025, the Company recognized a $0.4 million gain on Visa shares which were carried at a cost basis of $0. This gain was recognized within the gain on sale of other on the Condensed Consolidated Statements of Operations. There were no additional such securities sold during the six months ended March 31, 2025.

Equity Securities Impairment. The Company evaluates impairment for investments held at cost on at least an annual basis based on the ultimate recoverability of the par value. All other equity investments, including those under the equity method, are reviewed for other-than-temporary impairment on at least a quarterly basis. The Company recognized no impairment for such investments for the six months ended March 31, 2025 and 2024.
v3.25.2
LOANS AND LEASES, NET
 6 Months Ended
Mar. 31, 2025
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:

(Dollars in thousands)March 31, 2025September 30, 2024
Term lending$1,766,432 $1,554,641 
Asset-based lending542,483 471,897 
Factoring224,520 362,295 
Lease financing134,856 152,174 
SBA/USDA701,736 568,628 
Other commercial finance154,728 185,964 
Commercial finance3,524,755 3,295,599 
Consumer finance246,202 248,800 
Tax services55,973 8,825 
Warehouse finance643,124 517,847 
Total loans and leases4,470,054 4,071,071 
Net deferred loan origination costs (fees)(5,184)4,124 
Total gross loans and leases4,464,870 4,075,195 
Allowance for credit losses(102,890)(71,765)
Total loans and leases, net$4,361,980 $4,003,430 

During the six months ended March 31, 2025 and 2024, the Company originated $1.38 billion and $933.8 million of commercial finance and consumer finance as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $1.15 billion and a $19.8 million gain on sale during the six months ended March 31, 2025. The Company sold held for sale loans resulting in proceeds of $969.0 million and a $1.4 million gain on sale during the six months ended March 31, 2024. Gains and losses from the sale of loans and leases are included in secondary market revenue on the Condensed Consolidated Statements of Operations.

See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information on the sale of the Company's commercial insurance premium finance business.
Loans purchased and sold by portfolio segment, including participation interests, were as follows:

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Loans Purchased
Loans held for investment:
Commercial finance$— $— $19,540 $— 
Warehouse finance27,292 73,701 147,111 163,091 
Total purchases$27,292 $73,701 $166,651 $163,091 
Loans Sold
Loans held for sale:
Commercial finance$182,667 $21,173 $248,469 $25,045 
Consumer finance491,761 321,489 1,044,391 943,953 
Total sales$674,428 $342,662 $1,292,860 $968,998 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:

(Dollars in thousands)March 31, 2025September 30, 2024
Minimum lease payments receivable$145,382 $162,757 
Unguaranteed residual assets7,621 9,300 
Unamortized initial direct costs82 102 
Unearned income(18,145)(19,883)
Total net investment in direct financing and sales-type leases$134,940 $152,276 

The components of total lease income were as follows:

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$2,800 $2,853 $5,987 $5,961 
Leasing and equipment finance noninterest income
Lease income from operating lease payments12,930 13,605 26,379 26,860 
Other(1)
1,139 869 2,446 1,593 
Total leasing and equipment finance noninterest income14,069 14,474 28,825 28,453 
Total lease income$16,869 $17,327 $34,812 $34,414 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$29,353 
202645,692 
202731,293 
202819,336 
202912,939 
Thereafter6,769 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases145,382 
Third-party residual value guarantees— 
Total carrying amount of minimum lease payments for direct financing and sales-type leases$145,382 

The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2025.

A number of factors that began to affect the economic environment in 2023 have continued into 2025, including economic uncertainty, inflation, increased interest rates, with the Federal Reserve beginning to lower the target federal funds rate at the end of 2024, and geopolitical conflict. Since early 2025, global markets and the U.S. economy have also experienced disruption and volatility resulting from tariffs and other policies of the U.S. administration, which may continue during the remainder of 2025. Management continues to evaluate the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses and the impact to our customers and businesses as a result of these factors impacting the economy and will refine its estimate as developments occur and more information becomes available.
Activity in the allowance for credit losses by portfolio segment was as follows:

(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Three Months Ended March 31, 2025
Allowance for credit losses:
Term lending$29,925 $1,384 $(6,208)$1,118 $26,219 
Asset-based lending1,762 440 (172)— 2,030 
Factoring5,765 (767)(96)32 4,934 
Lease financing881 1,374 (1,019)7 1,243 
SBA/USDA3,807 775 (609)48 4,021 
Other commercial finance421 (37)— — 384 
Commercial finance42,561 3,169 (8,104)1,205 38,831 
Consumer finance30,361 5,563 (6,897)608 29,635 
Tax services790 26,178 — 6,813 33,781 
Warehouse finance625 18 — — 643 
Total loans and leases74,337 34,928 (15,001)8,626 102,890 
Unfunded commitments(1)
513 338 — — 851 
Total $74,850 $35,266 $(15,001)$8,626 $103,741 
(As Restated)
Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Three Months Ended March 31, 2024
Allowance for credit losses:
Term lending$27,013 $6,303 $(5,176)$487 $28,627 
Asset-based lending1,370 (254)— 99 1,215 
Factoring7,433 (623)(12)16 6,814 
Lease financing4,008 (2,547)28 62 1,551 
Insurance premium finance2,123 (532)(295)113 1,409 
SBA/USDA3,289 (347)— — 2,942 
Other commercial finance3,312 (1,592)— — 1,720 
Commercial finance48,548 408 (5,455)777 44,278 
Consumer finance41,635 3,923 (10,823)346 35,081 
Tax services507 25,221 — 5,800 31,528 
Warehouse finance350 45 — — 395 
Total loans and leases91,040 29,597 (16,278)6,923 111,282 
Unfunded commitments(1)
596 147 — — 743 
Total $91,636 $29,744 $(16,278)$6,923 $112,025 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Six Months Ended March 31, 2025
Allowance for credit losses:
Term lending$30,394 $8,673 $(14,583)$1,735 $26,219 
Asset-based lending1,356 846 (172)— 2,030 
Factoring5,757 (937)(170)284 4,934 
Lease financing1,189 1,127 (1,082)9 1,243 
Insurance premium finance— 91 (93)2 — 
SBA/USDA3,273 1,606 (906)48 4,021 
Other commercial finance607 (223)— — 384 
Commercial finance42,576 11,183 (17,006)2,078 38,831 
Consumer finance28,669 14,984 (14,981)963 29,635 
Tax services2 27,479 (741)7,041 33,781 
Warehouse finance518 125 — — 643 
Total loans and leases71,765 53,771 (32,728)10,082 102,890 
Unfunded commitments(1)
695 156 — — 851 
Total $72,460 $53,927 $(32,728)$10,082 $103,741 
(As Restated)
Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Six Months Ended March 31, 2024
Allowance for credit losses:
Term lending$25,686 $12,125 $(10,297)$1,113 $28,627 
Asset-based lending2,738 (1,764)— 241 1,215 
Factoring6,566 128 (35)155 6,814 
Lease financing3,302 (1,781)(125)155 1,551 
Insurance premium finance2,637 (771)(660)203 1,409 
SBA/USDA2,962 (20)— — 2,942 
Other commercial finance3,089 (1,369)— — 1,720 
Commercial finance46,980 6,548 (11,117)1,867 44,278 
Consumer finance49,496 3,888 (18,924)621 35,081 
Tax services2 26,577 (1,145)6,094 31,528 
Warehouse finance377 18 — — 395 
Total loans and leases96,855 37,031 (31,186)8,582 111,282 
Unfunded commitments(1)
272 471 — — 743 
Total $97,127 $37,502 $(31,186)$8,582 $112,025 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.

Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)March 31, 2025September 30, 2024
Term lending$15,510 $15,491 
Asset-based lending783 — 
Factoring1,126 — 
Lease financing4,137 5,300 
SBA/USDA2,390 1,419 
Commercial finance(1)
23,946 22,210 
Total$23,946 $22,210 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.
Management has identified certain structured finance credits for alternative energy projects in which a substantial cash collateral account has been established to mitigate credit risk. Due to the nature of the transactions and significant cash collateral positions, these credits are evaluated individually. The balance of these pass rated cash collateral loans totaled $117.5 million and $105.1 million at March 31, 2025 and at September 30, 2024, respectively.

Federal regulations provide for the classification of loans and other assets such as debt and equity securities considered by the Bank's primary regulator, the OCC, to be of lesser quality as “substandard,” “doubtful” or “loss.” The loan classification and risk rating definitions are as follows:

Pass - A pass asset is of sufficient quality in terms of repayment, collateral and management to preclude a special mention or an adverse rating.
 
Watch - A watch asset is generally a credit performing well under current terms and conditions but with identifiable weakness meriting additional scrutiny and corrective measures. Watch is not a regulatory classification but can be used to designate assets that are exhibiting one or more weaknesses that deserve management’s attention. These assets are of better quality than special mention assets.

Special Mention - A special mention asset is a credit with potential weaknesses deserving management’s close attention and, if left uncorrected, may result in deterioration of the repayment prospects for the asset. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Special mention is a temporary status with aggressive credit management required to garner adequate progress and move to watch or higher.
 
The adverse classifications are as follows:
 
Substandard - A substandard asset is inadequately protected by the net worth and/or repayment ability or by a weak collateral position. Assets so classified will have well-defined weaknesses creating a distinct possibility the Bank will sustain some loss if the weaknesses are not corrected. Loss potential does not have to exist for an asset to be classified as substandard.

Doubtful - A doubtful asset has weaknesses similar to those classified substandard, with the degree of weakness causing the likely loss of some principal in any reasonable collection effort. Due to pending factors, the asset’s classification as loss is not yet appropriate.

Loss - A loss asset is considered uncollectible and of such little value that the asset’s continuance on the Bank’s balance sheet is no longer warranted. This classification does not necessarily mean an asset has no recovery or salvage value leaving room for future collection efforts.

Loans and leases, or portions thereof, are generally charged off when collection of principal becomes doubtful. Typically, this is associated with a delay or shortfall in payments of 120 days or more for consumer credit products and leases, and 90 days or more for commercial finance loans. Action is taken to charge off electronic return originator ("ERO") loans if such loans have not been collected by the end of June and refund advance loans if such loans have not been collected by the end of the calendar year. The Company individually evaluates loans and leases that do not share similar risk characteristics with other financial assets, which generally means loans and leases identified as modifications or loans and leases on nonaccrual status.
The Company recognizes that concentrations of credit may naturally occur and may take the form of a large volume of related loans and leases to an individual, a specific industry, or a geographic location. Credit concentration is a direct, indirect, or contingent obligation that has a common bond where the aggregate exposure equals or exceeds a certain percentage of the Company’s Tier 1 Capital plus the allowable Allowance for Credit Losses.

The Company has various portfolios of consumer finance and tax services loans that present unique risks that are statistically managed. Due to the unique risks associated with these portfolios, the Company monitors other credit quality indicators in its evaluation of the appropriateness of the ACL on these portfolios, and as such, these loans are not included in the asset classification table below. The outstanding balances of consumer finance loans and tax services loans were $246.2 million and $56.0 million at March 31, 2025, respectively, and $248.8 million and $8.8 million at September 30, 2024, respectively.

The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
March 31, 202520252024202320222021Prior
Term lending
Pass$367,175 $492,482 $320,262 $117,245 $63,969 $47,725 $— $1,408,858 
Watch18,687 30,695 84,454 7,886 17,374 13,247 — 172,343 
Special mention1,100 54,125 5,543 607 16,579 93 — 78,047 
Substandard242 12,821 28,643 24,521 16,044 21,082 — 103,353 
Doubtful— 49 954 948 1,724 156 — 3,831 
Total387,204 590,172 439,856 151,207 115,690 82,303 — 1,766,432 
Current period charge-offs— 7,637 3,998 2,032 656 260 — 14,583 
Asset-based lending
Pass— — — — — — 294,029 294,029 
Watch— — — — — — 221,559 221,559 
Special mention— — — — — — 13,046 13,046 
Substandard— — — — — — 13,777 13,777 
Doubtful— — — — — — 72 72 
Total— — — — — — 542,483 542,483 
Current period charge-offs— — — — — — 172 172 
Factoring
Pass— — — — — — 173,851 173,851 
Watch— — — — — — 46,897 46,897 
Special mention— — — — — — 1,061 1,061 
Substandard— — — — — — 2,292 2,292 
Doubtful— — — — — — 419 419 
Total— — — — — — 224,520 224,520 
Current period charge-offs— — — — — — 170 170 
Lease financing
Pass16,997 35,768 38,520 7,522 3,118 6,254 — 108,179 
Watch1,457 3,148 2,979 1,475 1,974 1,783 — 12,816 
Special mention— — 220 — 325 — — 545 
Substandard— — 6,116 1,839 4,260 1,060 — 13,275 
Doubtful— — — — 2 39 — 41 
Total18,454 38,916 47,835 10,836 9,679 9,136 — 134,856 
Current period charge-offs— — 16 — 1,005 61 — 1,082 
Insurance premium finance
Current period charge-offs— 62 31 — — — — 93 
SBA/USDA
Pass100,469 102,236 172,239 161,572 18,827 48,008 — 603,351 
Watch903 6,218 118 9,791 1,000 12,955 — 30,985 
Special mention— — — 2,548 482 1,787 — 4,817 
Substandard70 2,291 18,115 14,042 2,875 24,546 — 61,939 
Doubtful— — 376 55 55 158 — 644 
Total101,442 110,745 190,848 188,008 23,239 87,454 — 701,736 
Current period charge-offs— — 171 — — 735 — 906 
Other commercial finance
Pass625 62,895 2,150 127 12,181 66,083 — 144,061 
Watch— — 2,447 — — — — 2,447 
Substandard— — 479 — 7,741 — — 8,220 
Total625 62,895 5,076 127 19,922 66,083 — 154,728 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 643,124 643,124 
Total— — — — — — 643,124 643,124 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass485,266 693,381 533,171 286,466 98,095 168,070 1,111,004 3,375,453 
Watch21,047 40,061 89,998 19,152 20,348 27,985 268,456 487,047 
Special mention1,100 54,125 5,763 3,155 17,386 1,880 14,107 97,516 
Substandard312 15,112 53,353 40,402 30,920 46,688 16,069 202,856 
Doubtful— 49 1,330 1,003 1,781 353 491 5,007 
Total$507,725 $802,728 $683,615 $350,178 $168,530 $244,976 $1,410,127 $4,167,879 
Current period charge-offs$— $7,699 $4,216 $2,032 $1,661 $1,056 $342 $17,006 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Term lending
Pass$548,597 $398,832 $117,180 $77,585 $42,950 $24,166 $— $1,209,310 
Watch47,765 52,317 34,964 31,025 2,720 2,312 — 171,103 
Special mention44,617 3,106 9,121 14,772 7,238 2 — 78,856 
Substandard9,798 24,187 18,537 11,660 18,894 2,631 — 85,707 
Doubtful4,314 1,465 2,247 758 114 767 — 9,665 
Total655,091 479,907 182,049 135,800 71,916 29,878 — 1,554,641 
Current period charge-offs114 3,102 8,502 3,576 2,184 715 — 18,193 
Asset-based lending
Pass— — — — — — 233,268 233,268 
Watch— — — — — — 221,521 221,521 
Special mention— — — — — — 13,187 13,187 
Substandard— — — — — — 3,921 3,921 
Total— — — — — — 471,897 471,897 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 292,436 292,436 
Watch— — — — — — 62,270 62,270 
Special mention— — — — — — 271 271 
Substandard— — — — — — 7,306 7,306 
Doubtful— — — — — — 12 12 
Total— — — — — — 362,295 362,295 
Current period charge-offs— — — — — — 2,453 2,453 
Lease financing
Pass44,883 48,851 12,862 7,101 7,938 1,733 — 123,368 
Watch1,837 3,537 370 6,264 1,362 40 — 13,410 
Special mention— 250 — — 174 — — 424 
Substandard— 6,691 2,723 2,717 2,069 603 — 14,803 
Doubtful— — — 138 31 — — 169 
Total46,720 59,329 15,955 16,220 11,574 2,376 — 152,174 
Current period charge-offs— — — 207 80 — — 287 
Insurance premium finance
Current period charge-offs86 890 173 — — — — 1,149 
SBA/USDA
Pass60,636 171,136 179,490 20,825 28,588 39,319 — 499,994 
Watch5,244 6,967 — 639 10 3,026 — 15,886 
Special mention— — — 156 — 363 — 519 
Substandard1,037 15,923 12,158 2,003 9,519 11,134 — 51,774 
Doubtful— 185 55 55 62 98 — 455 
Total66,917 194,211 191,703 23,678 38,179 53,940 — 568,628 
Current period charge-offs— 549 79 — 127 — — 755 
Other commercial finance
Pass73,330 2,210 6,685 12,351 1,274 70,203 — 166,053 
Watch— 2,480 — — — — — 2,480 
Substandard— 508 — 16,923 — — — 17,431 
Total73,330 5,198 6,685 29,274 1,274 70,203 — 185,964 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 517,847 517,847 
Total— — — — — — 517,847 517,847 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass727,446 621,029 316,217 117,862 80,750 135,421 1,043,551 3,042,276 
Watch54,846 65,301 35,334 37,928 4,092 5,378 283,791 486,670 
Special mention44,617 3,356 9,121 14,928 7,412 365 13,458 93,257 
Substandard10,835 47,309 33,418 33,303 30,482 14,368 11,227 180,942 
Doubtful4,314 1,650 2,302 951 207 865 12 10,301 
Total$842,058 $738,645 $396,392 $204,972 $122,943 $156,397 $1,352,039 $3,813,446 
Current period charge-offs$200 $4,541 $8,754 $3,783 $2,391 $715 $2,453 $22,837 
Past due loans and leases were as follows:

Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
March 31, 2025
Loans held for sale$— $— $— $— $45,767 $45,767 $— $— $— 
Term lending23,308 9,380 10,724 43,412 1,723,020 1,766,432 7 23,080 23,087 
Asset-based lending— — — — 542,483 542,483 — 719 719 
Factoring— — — — 224,520 224,520 — 1,613 1,613 
Lease financing13,318 468 4,159 17,945 116,911 134,856 — 4,689 4,689 
SBA/USDA4,535 5,085 3,390 13,010 688,726 701,736 1,352 5,948 7,300 
Other commercial finance— — — — 154,728 154,728 — — — 
Commercial finance41,161 14,933 18,273 74,367 3,450,388 3,524,755 1,359 36,049 37,408 
Consumer finance3,922 2,769 2,398 9,089 237,113 246,202 2,398 — 2,398 
Tax services1,036 — — 1,036 54,937 55,973 — — — 
Warehouse finance— — — — 643,124 643,124 — — — 
Total loans and leases held for investment46,119 17,702 20,671 84,492 4,385,562 4,470,054 3,757 36,049 39,806 
Total loans and leases$46,119 $17,702 $20,671 $84,492 $4,431,329 $4,515,821 $3,757 $36,049 $39,806 
September 30, 2024
Loans held for sale$2,266 $1,361 $1,050 $4,677 $687,011 $691,688 $1,050 $— $1,050 
Term lending19,776 5,124 17,694 42,594 1,512,047 1,554,641 1,923 23,462 25,385 
Asset-based lending— — — — 471,897 471,897 — — — 
Factoring— — — — 362,295 362,295 — 29 29 
Lease financing3,605 1,595 109 5,309 146,865 152,174 60 746 806 
SBA/USDA— 952 2,172 3,124 565,504 568,628 331 2,175 2,506 
Other commercial finance— — — — 185,964 185,964 — — — 
Commercial finance23,381 7,671 19,975 51,027 3,244,572 3,295,599 2,314 26,412 28,726 
Consumer finance3,962 3,186 3,053 10,201 238,599 248,800 3,053 — 3,053 
Tax services— — 8,733 8,733 92 8,825 8,733 — 8,733 
Warehouse finance— — — — 517,847 517,847 — — — 
Total loans and leases held for investment27,343 10,857 31,761 69,961 4,001,110 4,071,071 14,100 26,412 40,512 
Total loans and leases$29,609 $12,218 $32,811 $74,638 $4,688,121 $4,762,759 $15,150 $26,412 $41,562 
Nonaccrual loans and leases by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
March 31, 202520252024202320222021Prior
Term lending$— $1,027 $3,058 $4,559 $11,552 $2,884 $— $23,080 $8,109 
Asset-based lending— — — — — — 719 719 — 
Factoring— — — — — — 1,613 1,613 — 
Lease financing— — 454 — 3,488 747 — 4,689 4,137 
SBA/USDA— 3,547 1,504 411 83 403 — 5,948 — 
Commercial finance— 4,574 5,016 4,970 15,123 4,034 2,332 36,049 12,246 
Total nonaccrual loans and leases$— $4,574 $5,016 $4,970 $15,123 $4,034 $2,332 $36,049 $12,246 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
September 30, 202420242023202220212020Prior
Term lending$9,281 $3,433 $5,369 $1,386 $625 $3,368 $— $23,462 $2,579 
Factoring— — — — — — 29 29 — 
Lease financing— 577 11 46 2 110 — 746 — 
SBA/USDA— 738 55 55 742 585 — 2,175 681 
Commercial finance9,281 4,748 5,435 1,487 1,369 4,063 29 26,412 3,260 
Total nonaccrual loans and leases$9,281 $4,748 $5,435 $1,487 $1,369 $4,063 $29 $26,412 $3,260 

Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
March 31, 202520252024202320222021Prior
Term lending$— $— $— $— $— $7 $— $7 
SBA/USDA— — 1,352 — — — — 1,352 
Commercial finance— — 1,352 — — 7 — 1,359 
Consumer finance266 896 1,037 190 9 — — 2,398 
Total loans and leases held for investment266 896 2,389 190 9 7 — 3,757 
Total 90 days or more delinquent and accruing$266 $896 $2,389 $190 $9 $7 $— $3,757 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Loans held for sale$1,031 $19 $— $— $— $— $— $1,050 
Term lending— 621 354 719 217 12 — 1,923 
Lease financing— — — 2 58 — — 60 
SBA/USDA— — 331 — — — — 331 
Commercial finance— 621 685 721 275 12 — 2,314 
Consumer finance736 1,841 388 88 — — — 3,053 
Tax services8,733 — — — — — — 8,733 
Total loans and leases held for investment9,469 2,462 1,073 809 275 12 — 14,100 
Total 90 days or more delinquent and accruing$10,500 $2,481 $1,073 $809 $275 $12 $— $15,150 
Certain loans and leases 90 days or more past due as to interest or principal continue to accrue because they are (1) well-secured and in the process of collection or (2) consumer loans exempt under regulatory rules from being classified as nonaccrual until later delinquency, usually 120 days past due.

The following table provides the average recorded investment in nonaccrual loans and leases:

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Term lending$27,521 $18,999 $25,365 $18,209 
Asset-based lending530 82 555 4,896 
Factoring1,398 5,745 831 3,463 
Lease financing4,887 1,639 3,226 1,631 
SBA/USDA3,096 2,329 2,498 1,908 
Commercial finance37,432 28,794 32,475 30,107 
Total loans and leases$37,432 $28,794 $32,475 $30,107 

The recognized interest income on the Company's nonaccrual loans and leases for the three and six months ended March 31, 2025 and 2024 was not significant.

Modifications made to borrowers experiencing financial difficulty during the three and six months ended March 31, 2025 were $5.9 million and $9.1 million, respectively, in the commercial finance loan portfolio. The types of modifications granted were term extensions. Modifications made to borrowers experiencing financial difficulty during the three and six months ended March 31, 2024 were $1.6 million in the commercial finance loan portfolio.

During the six months ended March 31, 2025, the Company had $6.1 million of commercial finance loans where a modification was granted in the previous 12 months in which there was a payment default. As of March 31, 2025, no modifications granted during the current six month period were in the 60-89 days past due category. During the six months ended March 31, 2024, the Company had no modifications granted in the previous 12 months in which there was a payment default.
v3.25.2
EARNINGS PER COMMON SHARE ("EPS")
 6 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE ("EPS") EARNINGS PER COMMON SHARE ("EPS")
The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the two-class method or the treasury stock method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect upon vesting of performance share units ("PSUs") and restricted stock grants, and after the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2025202420252024
(As Restated)(As Restated)
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$74,957 $69,918 $104,923 $104,817 
Dividends and undistributed earnings allocated to participating securities(264)(562)(402)(839)
Basic net earnings available to common stockholders74,693 69,356 104,521 103,978 
Undistributed earnings allocated to nonvested restricted stockholders260 552 393 819 
Reallocation of undistributed earnings to nonvested restricted stockholders(259)(551)(392)(818)
Diluted net earnings available to common stockholders$74,694 $69,357 $104,522 $103,979 
Total weighted-average basic common shares outstanding23,657,145 25,281,743 23,941,980 25,529,186 
Effect of dilutive securities(1)
PSUs118,878 29,401 97,040 26,470 
Total effect of dilutive securities118,878 29,401 97,040 26,470 
Total weighted-average diluted common shares outstanding23,776,023 25,311,144 24,039,020 25,555,656 
Net earnings per common share:
Basic earnings per common share$3.16 $2.74 $4.37 $4.07 
Diluted earnings per common share(2)
$3.14 $2.74 $4.35 $4.07 
(1) Represents the effect of the assumed vesting of PSUs and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended March 31, 2025 and 2024, respectively, were 83,665 and 204,877 weighted average share of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2025 and 2024, respectively, were 92,172 and 206,060 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.25.2
RENTAL EQUIPMENT, NET
 6 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:

(Dollars in thousands)March 31, 2025September 30, 2024
Computers and IT networking equipment$12,254 $21,308 
Motor vehicles and other152,871 140,920 
Other furniture and equipment38,836 38,755 
Solar panels and equipment133,964 128,296 
Total337,925 329,279 
Accumulated depreciation(136,665)(124,987)
Unamortized initial direct costs934 1,047 
Net book value$202,194 $205,339 
Future minimum lease payments expected to be received for operating leases at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$21,322 
202636,044 
202727,855 
202819,116 
202913,262 
Thereafter6,366 
Total $123,965 
v3.25.2
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company held a total of $297.9 million of goodwill at March 31, 2025. The recorded goodwill is a result of multiple business combinations that occurred from 2015 to 2018. During the six months ended March 31, 2025, the Company closed on the sale of the commercial insurance premium finance business and derecognized the goodwill associated with that reporting unit. The goodwill was included in the carrying amount of the disposed business. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

The changes in the carrying amount of the Company's goodwill were as follows:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
September 30, 2024$87,145 $222,360 $— $309,505 
Divestiture— (11,577)— (11,577)
March 31, 2025$87,145 $210,783 $— $297,928 
September 30, 2023$87,145 $222,360 $— $309,505 
March 31, 2024$87,145 $222,360 $— $309,505 
The changes in the carrying amount of the Company’s intangible assets during the six months ended March 31, 2025 include certain intangibles disposed of as part of the commercial insurance premium finance business sale. The relevant intangibles were included in the carrying amount of the disposed business. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
September 30, 2024$6,422 $— $6,566 $3,601 $16,589 
Amortization during the period(538)— (1,064)(292)(1,894)
Write-offs and disposals during the period— — (631)— (631)
March 31, 2025$5,884 $— $4,871 $3,309 $14,064 
Gross carrying amount$13,774 $301 $70,338 $7,732 $92,145 
Accumulated amortization(7,890)(301)(54,549)(4,270)(67,010)
Accumulated impairment— — (10,918)(153)(11,071)
March 31, 2025$5,884 $— $4,871 $3,309 $14,064 
September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(527)— (1,431)(266)(2,224)
March 31, 2024$6,950 $— $7,679 $3,867 $18,496 
Gross carrying amount$13,774 $301 $77,578 $7,798 $99,451 
Accumulated amortization(6,824)(301)(58,981)(3,712)(69,818)
Accumulated impairment— — (10,918)(219)(11,137)
March 31, 2024$6,950 $— $7,679 $3,867 $18,496 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 10-30 years. Amortized using the accelerated method.
(3) Book amortization period of 3-20 years. Amortized using the straight line method.

The estimated amortization expense of intangible assets assumes no activities, such as acquisitions, which would result in additional amortizable intangible assets. Estimated amortization expense of intangible assets in the remaining six months of fiscal 2025 and subsequent fiscal years at March 31, 2025 was as follows:

(Dollars in thousands)
Remaining in 2025$1,562 
20263,103 
20272,483 
20282,194 
20291,581 
Thereafter3,141 
Total anticipated intangible amortization$14,064 

There were no impairments to intangible assets during the six months ended March 31, 2025 and 2024. Intangible impairment expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 6 Months Ended
Mar. 31, 2025
Leases [Abstract]  
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
Operating lease right-of-use ("ROU") assets, included in other assets, were $24.1 million and $24.4 million at March 31, 2025 and September 30, 2024, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $25.2 million and $26.0 million at March 31, 2025 and September 30, 2024, respectively.
The decreases in lease ROU assets and liabilities relate to normal amortization and lease payments made during the six months ended March 31, 2025, but also include adjustments for lease assignments that occurred as a result of the commercial insurance premium finance business sale during the first quarter. Two office locations, Newport Beach, California and Addison, Texas, were included in the sale of the commercial insurance premium finance business and the relevant lease ROU assets and liabilities are no longer reflected in the Company's Condensed Consolidated Financial Statements after the transaction closed. The derecognition of the relevant lease ROU assets and liabilities resulted in a $0.5 million gain on remeasurement that was recognized as part of the overall gain on divestitures from the commercial insurance premium finance business sale. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$1,822 
20263,391 
20273,306 
20283,397 
20293,436 
Thereafter13,107 
Total undiscounted future minimum lease payments 28,459 
Discount(3,210)
Total operating lease liabilities$25,249 

The weighted-average discount rate and remaining lease term for operating leases were as follows:

March 31, 2025September 30, 2024
Weighted-average discount rate2.67 %2.45 %
Weighted-average remaining lease term (years)8.418.78

The components of total lease costs for operating leases were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Lease expense$998 $992 $1,917 $2,017 
Short-term and variable lease cost23 30 44 23 
Sublease income(351)(269)(703)(639)
Total lease cost for operating leases$670 $753 $1,258 $1,401 
v3.25.2
STOCKHOLDERS' EQUITY
 6 Months Ended
Mar. 31, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Repurchase of Common Stock. The Company's Board of Directors authorized the September 3, 2021 share repurchase program to repurchase up to 6,000,000 shares of the Company's outstanding common stock. This authorization was effective from September 3, 2021 through September 30, 2024, with 146,435 shares authorized by this repurchase program not repurchased when it expired. On August 25, 2023, the Company's Board of Directors announced a share repurchase program to repurchase up to an additional 7,000,000 shares of the Company's outstanding common stock on or before September 30, 2028. During the six months ended March 31, 2025 and 2024, the Company repurchased 1,277,664 and 996,773 shares, respectively, as part of the share repurchase programs.

Under the repurchase programs, repurchased shares were retired and designated as authorized but unissued shares. The Company accounts for repurchased shares using the par value method under which the repurchase price is credited to paid-in capital up to the par value of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. As of March 31, 2025, 5,722,336 shares of common stock remained available for repurchase.
For the six months ended March 31, 2025 and 2024, the Company also repurchased 66,446 and 122,452 shares, or $4.6 million and $5.8 million, of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.

Retirement of Treasury Stock. The Company accounts for the retirement of repurchased shares, including treasury stock, using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. The Company retired no shares of common stock held in treasury during the six months ended March 31, 2025 and 2024.
v3.25.2
STOCK COMPENSATION
 6 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
On February 27, 2024, the shareholders of the Company voted to approve the Pathward Financial, Inc. 2023 Omnibus Incentive Plan (the "Plan"). The Plan permits the granting of various types of awards including but not limited to nonvested (restricted) shares and PSUs to certain officers and directors of the Company. Awards may be granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors.

Shares have previously been granted each year to executives and senior leadership members under the applicable Company incentive plan. These shares vest at various times ranging from immediately to three years based on circumstances at time of grant. The fair value is determined based on the fair market value of the Company’s stock on the grant date. Director shares are issued to the Company’s directors, and these shares have historically vested from immediately to up to one year from the grant date.

The Company also grants selected executives PSU awards. The vesting of these awards is contingent on meeting company-wide performance goals, including earnings per share. PSUs are generally granted at the market value of the underlying share on the date of grant, adjusted for dividends, as PSUs do not participate in dividends. The awards contingently vest over a period of three years and have payout levels ranging from a threshold of 50% to a maximum of 200%. Upon vesting, each PSU earned is converted into one share of common stock.

The fair value of the PSUs is determined by the dividend-adjusted fair value on the grant date for those awards subject to a performance condition. For those PSUs subject to a market condition, a simulation valuation is performed.

In addition, during the first and second quarters of fiscal year 2017, shares were granted to certain executive officers of the Company in connection with their signing of employment agreements with the Company. These stock awards vest in equal installments over eight years.
The following tables show the activity of share awards (including shares of restricted stock subject to vesting, fully-vested restricted stock, and PSUs) granted, exercised or forfeited under all of the Company's incentive plans during the six months ended March 31, 2025.

Number of SharesWeighted Average Fair Value at Grant
Restricted Stock Awards
Nonvested shares outstanding, September 30, 2024248,670 $41.19 
Granted15,600 77.42 
Vested(179,669)41.24 
Forfeited or expired(1,055)50.15 
Nonvested shares outstanding, March 31, 202583,546 $47.75 
Restricted Stock Units
Nonvested shares outstanding, September 30, 2024— $— 
Granted86,200 79.51 
Vested— — 
Forfeited or expired(572)79.63 
Nonvested shares outstanding, March 31, 202585,628 $79.51 
Number of UnitsWeighted Average Fair Value at Grant
PSUs
PSUs outstanding, September 30, 2024142,462 $47.24 
Granted34,208 79.47 
Vested(34,304)57.21 
Forfeited or expired— — 
PSUs outstanding, March 31, 2025142,366 $52.59 

Compensation expense for share-based awards is recorded over the vesting period at the fair value of the award at the time of the grant. The exercise price of fair value of nonvested (restricted) shares and PSUs granted under the Company’s incentive plans is equal to the fair market value of the underlying stock at the grant date, adjusted for dividends where applicable. The Company has elected to record forfeitures as they occur.

As of March 31, 2025, stock-based compensation expense not yet recognized in income totaled $11.7 million, which is expected to be recognized over a weighted average remaining period of 1.78 years.
v3.25.2
INCOME TAXES
 6 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company recorded an income tax expense of $22.2 million for the six months ended March 31, 2025, resulting in an effective tax rate of 17.38%, compared to an income tax expense of $24.6 million, or an effective tax rate of 18.95%, for the six months ended March 31, 2024. The Company’s effective tax rate was lower than the U.S. statutory rate of 21% primarily because of the effect of investment tax credits during fiscal year 2025. The Company's effective tax rate in the future will depend in part on actual investment tax credits generated from qualified renewable energy property.
The table below compares the income tax expense components for the periods presented.

Six Months Ended March 31,
20252024
(Dollars in thousands)(As Restated)
Provision at statutory rate$26,690 $27,183 
Tax-exempt income(319)(341)
State income taxes4,773 5,172 
Interim period effective rate adjustment(4,375)4,351 
Tax credit investments, net - federal(3,694)(11,363)
IRC 162(m) nondeductible compensation605 340 
Other, net(1,509)(719)
Income tax expense$22,171 $24,623 
Effective tax rate17.38%18.95 %
v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Topic 606 applies to all contracts with customers unless such revenue is specifically addressed under existing guidance. The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended March 31,20252024202520242025202420252024
Net interest income(1)
$75,633 $67,280 $41,987 $44,493 $18,659 $16,861 $136,279 $128,634 
Noninterest income:
Refund transfer product fees32,663 28,942 — — — — 32,663 28,942 
Refund advance and other tax fee income(1)
48,585 43,200 — — — — 48,585 43,200 
Card and deposit fees30,583 35,097 202 241 8 6 30,793 35,344 
Rental income(1)
— — 12,990 13,594 210 126 13,200 13,720 
(Loss) on sale of securities(1)
— — — — (7,228)— (7,228)— 
(Loss) on divestitures(1)
— — — — (1,360)— (1,360)— 
Secondary market revenue(1)
(25)16 2,074 1,385 13,329 — 15,378 1,401 
Gain on sale of other(1)
— — 627 222 — 72 627 294 
Other income(1)
2,221 2,432 2,225 2,307 1,420 1,305 5,866 6,044 
Total noninterest income114,027 109,687 18,118 17,749 6,379 1,509 138,524 128,945 
Revenue$189,660 $176,967 $60,105 $62,242 $25,038 $18,370 $274,803 $257,579 
Six Months Ended March 31,
Net interest income(1)
$156,694 $136,202 $85,280 $89,699 $19,554 $21,660 $261,528 $247,561 
Noninterest income:
Refund transfer product fees33,073 29,364 — — — — 33,073 29,364 
Refund advance and other tax fee income(1)
49,110 43,311 — — — — 49,110 43,311 
Card and deposit fees59,411 65,604 434 477 14 13 59,859 66,094 
Rental income(1)
— — 26,498 26,829 410 350 26,908 27,179 
(Loss) on sale of securities(1)
— — — — (22,899)— (22,899)— 
Gain on divestitures(1)
— — — — 15,044 — 15,044 — 
Secondary market revenue(1)
15 (15)6,412 1,385 13,328 — 19,755 1,370 
Gain on sale of other(1)
— — 1,158 584 456 2,581 1,614 3,165 
Other income(1)
6,020 4,210 4,855 4,473 2,563 2,540 13,438 11,223 
Total noninterest income147,629 142,474 39,357 33,748 8,916 5,484 195,902 181,706 
Revenue$304,323 $278,676 $124,637 $123,447 $28,470 $27,144 $457,430 $429,267 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.

Following is a discussion of key revenues within the scope of Topic 606. The Company provides services to customers that have related performance obligations that must be completed to recognize revenue. Revenues are generally recognized immediately upon the completion of the service or over time as services are performed. Any services performed over time generally require that the Company renders services each period; therefore, the Company measures progress in completing these services based upon the passage of time. Revenue from contracts with customers did not generate significant contract assets and liabilities for the six months ended March 31, 2025.
Refund Transfer Product Fees. Refund transfer fees are specific to the Partner Solutions business line and reflect product fees offered by the Company through third-party tax preparers and tax preparation software providers where the Company acts as the partnering financial institution. A refund transfer allows a taxpayer to pay tax preparation and filing fees directly from their federal or state government tax refund, with the remainder of the refund being disbursed in accordance with the terms and conditions of the taxpayer agreement, which may include satisfaction of other disbursement obligations before going directly to the taxpayer via check, direct deposit, or prepaid card. Refund transfer fees are recognized by the Company immediately after the taxpayer's refund has been disbursed in accordance with the contract and are based on standalone pricing included within the terms and conditions. Certain expenses to tax preparation software providers are netted with refund transfer fee income as the Company is considered the agent in these contractual relationships. All refund transfer fees are recorded within the Consumer reporting segment.

Card and Deposit Fees. Card fees relate to the Partner Solutions business line and consist of income from prepaid cards and merchant services, including interchange fees from prepaid cards processed through card association networks, merchant services and other card related services. Interchange rates are generally set by card association networks based on transaction volume and other factors. Since interchange fees are generated by cardholder activity, the Company recognizes the income as transactions occur. Fee income for merchant services and other card related services reflect account management and transaction fees charged to merchants for processing card association network transactions. The associated income is recognized as transactions occur or as services are performed. For the Company's internally managed prepaid card programs, fees are based on standalone pricing within the terms and conditions of the cardholder agreement. The Company is considered the principal of these relationships resulting in all fee income being presented on a gross basis within the Condensed Consolidated Statement of Operations. For the Company's sponsorship prepaid card programs where a third-party is considered the Program Manager, the fees are based on standalone pricing within the terms and conditions of the Program Agreement. For these relationships, the Company is considered the agent and certain expenses with the Program Manager, networks and associations are netted with card fee revenue. All card fee income is included in the Consumer reporting segment.

Deposit fees relate to the Partner Solutions and Commercial Finance business lines and consist of income from banking and deposit-related services, including account services, overdraft protection, and wire transfers. Fee income for account services is recognized over the course of the month as the performance obligation is satisfied. Fee income for overdraft protection and wire transfers is recognized at the point in time when such event occurs. For partner solutions, the fees for account services and overdraft protection are based on standalone pricing within the terms and conditions of the Program Agreement with the sponsorship partner. For these relationships, the Company is considered the agent and certain expenses with the partner are netted with deposit fee revenue. For Commercial Finance, fees for wire transfers are based on standalone pricing within the terms and conditions of the customer deposit agreement. Bank and deposit fees for the Partner Solutions and Commercial Finance business lines are included in the Consumer and Commercial reporting segments, respectively. Also included within Card and Deposit Fees for the Consumer reporting segment are servicing fees the Company recognizes for off-balance sheet custodial deposits. This fee income is for services the Bank performs to maintain records of cardholder funds placed at one or more third-party banks insured by the Federal Deposit Insurance Corporation ("FDIC"). The servicing fee is typically reflective of the effective federal funds rate ("EFFR").
v3.25.2
SEGMENT REPORTING
 6 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met.

The Company reports its results of operations through the following three business segments: Consumer, Commercial, and Corporate Services/Other. The Partner Solutions business line is reported in the Consumer segment. The Commercial Finance business line is reported in the Commercial segment. The Corporate Services/Other segment includes certain shared services as well as treasury related functions such as the investment portfolio, warehouse finance, wholesale deposits, and borrowings.
The following table presents segment data for the Company:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended March 31,20252024202520242025202420252024
Net interest income$75,633 $67,280 $41,987 $44,493 $18,659 $16,861 $136,279 $128,634 
Provision for credit loss31,739 29,144 3,508 555 19 45 35,266 29,744 
Noninterest income114,027 109,687 18,118 17,749 6,379 1,509 138,524 128,945 
Noninterest expense66,948 59,763 33,601 38,130 47,628 42,849 148,177 140,742 
Income (loss) before income tax expense90,973 88,060 22,996 23,557 (22,609)(24,524)91,360 87,093 
Total assets431,962 463,212 3,975,353 4,127,524 2,587,471 2,826,073 6,994,786 7,416,809 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,633,529 6,063,339 140 7,143 185,540 297,862 5,819,209 6,368,344 
Six Months Ended March 31,
Net interest income$156,694 $136,202 $85,280 $89,699 $19,554 $21,660 $261,528 $247,561 
Provision for credit loss42,463 30,466 11,339 7,018 125 18 53,927 37,502 
Noninterest income147,629 142,474 39,357 33,748 8,916 5,484 195,902 181,706 
Noninterest expense120,327 111,579 66,366 72,986 89,280 77,254 275,973 261,819 
Income (loss) before income tax expense141,533 136,631 46,932 43,443 (60,935)(50,128)127,530 129,946 
Total assets431,962 463,212 3,975,353 4,127,524 2,587,471 2,826,073 6,994,786 7,416,809 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,633,529 6,063,339 140 7,143 185,540 297,862 5,819,209 6,368,344 
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
 6 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUES OF FINANCIAL INSTRUMENTS
ASC 820, Fair Value Measurements defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system and requires disclosures about fair value measurement. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts.

The fair value hierarchy is as follows:

Level 1 Inputs - Valuation is based upon quoted prices for identical instruments traded in active markets that the Company has the ability to access at measurement date.

Level 2 Inputs - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which significant assumptions are observable in the market.

Level 3 Inputs - Valuation is generated from model-based techniques that use significant assumptions not observable in the market and are used only to the extent that observable inputs are not available. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability.

Debt Securities AFS and HTM. Debt securities AFS are recorded at fair value on a recurring basis and debt securities HTM are carried at amortized cost.
The fair value of debt securities AFS, categorized primarily as Level 2, is recorded using prices obtained from independent asset pricing services that are based on observable transactions, but not quoted markets. Management reviews the prices obtained from independent asset pricing services for unusual fluctuations and compares to current market trading activity.

Equity Securities. Marketable equity securities and certain non-marketable equity securities are recorded at fair value on a recurring basis. The fair values of marketable equity securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs).

Derivatives. The Bank's use of derivatives is limited to the Consumer Lending Programs. Under these Programs, the Bank has an agreement with a third party to originate consumer loans that are included in the Bank's held for investment or held for sale portfolios. The third party provides a target return to the Company on the portfolio of loans retained by the Bank and all interest received from borrowers on such loans above the target return and after all charge-offs have been covered is paid to the third party as excess interest and servicing. The primary drivers of the derivative value include the Company's ability to settle the loans at par value and the third party partners' rights of first refusal to purchase loans that the Company intends to sell. The Company estimates the fair value of the derivative instrument using a market approach considering primarily the average interest rate on the underlying loans and the credit spread relative to the risk-free rate in order to validate that the value of the loans is in excess of par and thus the derivative could be settled by either party at no cost. The Company considers this derivative instrument to be within Level 3 of the fair value hierarchy, as it utilizes inputs from sales or securitization transactions involving similar loans. As of March 31, 2025 and September 30, 2024, the Company determined the derivatives had no fair value, respectively, thus eliminating the need for further disclosures regarding Level 3 inputs as outlined in ASC 820.

The following table summarizes the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.

(Dollars in thousands)TotalLevel 1Level 2Level 3
March 31, 2025
Debt securities AFS    
Corporate securities$21,125 $— $21,125 $— 
SBA securities11,914 — 11,914 — 
Obligations of states and political subdivisions200 — 200 — 
Non-bank qualified obligations of states and political subdivisions192,002 — 192,002 — 
Asset-backed securities157,261 — 157,261 — 
Mortgage-backed securities1,029,018 — 1,029,018 — 
Total debt securities AFS$1,411,520 $— $1,411,520 $— 
Common equities and mutual funds(1)
$3,569 $3,569 $— $— 
Non-marketable equity securities(2)
$12,829 $— $— $— 
September 30, 2024
Debt securities AFS    
Corporate securities$19,750 $— $19,750 $— 
SBA securities81,935 — 81,935 — 
Obligations of states and political subdivisions480 — 480 — 
Non-bank qualified obligations of states and political subdivisions217,990 — 217,990 — 
Asset-backed securities189,698 — 189,698 — 
Mortgage-backed securities1,231,368 — 1,231,368 — 
Total debt securities AFS$1,741,221 $— $1,741,221 $— 
Common equities and mutual funds(1)
$3,303 $3,303 $— $— 
Non-marketable equity securities(2)
$11,828 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2025 and September 30, 2024.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
Loans and Leases. The Company does not record loans and leases at fair value on a recurring basis. However, if a loan or lease is individually evaluated for risk of credit loss and repayment is expected to be solely provided by the values of the underlying collateral, the Company measures fair value on a nonrecurring basis. Fair value is determined by the fair value of the underlying collateral less estimated costs to sell. The fair value of the collateral is determined based on the internal estimates and/or assessment provided by third-party appraisers and the valuation relies on discount rates ranging from 3% to 28%.

The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:

(Dollars in thousands)TotalLevel 1Level 2Level 3
March 31, 2025
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,900 $— $— $8,900 
    Total loans and leases, net individually evaluated for credit loss8,900 — — 8,900 
Total$8,900 $— $— $8,900 
September 30, 2024
Loans and leases, net individually evaluated for credit loss    
Commercial finance$7,652 $— $— $7,652 
    Total loans and leases, net individually evaluated for credit loss7,652 — — 7,652 
Total$7,652 $— $— $7,652 

 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
March 31, 2025
Fair Value at
September 30, 2024
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,900 $7,652 Market approach
Appraised values(1)
3% - 28%
(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 3% to 28%.

Management discloses the estimated fair value of financial instruments, including assets and liabilities on and off the Condensed Consolidated Statements of Financial Condition, for which it is practicable to estimate fair value. These fair value estimates were made at March 31, 2025 and September 30, 2024 based on relevant market information and information about financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or a liability could be settled. However, since there is no active market for certain financial instruments of the Company, the estimates of fair value are subjective in nature, involve uncertainties, and include matters of significant judgment. Changes in assumptions as well as tax considerations could significantly affect the estimated values. Accordingly, the aggregate fair value estimates are not intended to represent the underlying value of the Company, on either a going concern or a liquidation basis.
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:

 March 31, 2025
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$254,249 $254,249 $254,249 $— $— 
Debt securities available for sale1,411,520 1,411,520 — 1,411,520 — 
Debt securities held to maturity31,335 26,492 — 26,492 — 
Common equities and mutual funds(1)
3,569 3,569 3,569 — — 
Non-marketable equity securities(1)(2)
22,528 22,528 — 9,699 — 
Loans held for sale45,767 45,767 — 45,767 — 
Loans and leases4,470,054 4,418,831 — — 4,418,831 
Federal Reserve Bank and Federal Home Loan Bank stocks24,276 24,276 — 24,276 — 
Accrued interest receivable37,081 37,081 37,081 — — 
Financial liabilities
Deposits5,819,209 5,819,118 5,814,996 4,122 — 
Other short- and long-term borrowings33,405 32,977 — 32,977 — 
Accrued interest payable183 183 183 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2025.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 September 30, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$158,337 $158,337 $158,337 $— $— 
Debt securities available for sale1,741,221 1,741,221 — 1,741,221 — 
Debt securities held to maturity33,092 30,236 — 30,236 — 
Common equities and mutual funds(1)
3,303 3,303 3,303 — — 
Non-marketable equity securities(1)(2)
21,350 21,350 — 9,522 — 
Loans held for sale691,688 691,688 — 691,688 — 
Loans and leases4,071,071 4,036,490 — — 4,036,490 
Federal Reserve Bank and Federal Home Loan Bank stocks36,014 36,014 — 36,014 — 
Accrued interest receivable31,385 31,385 31,385 — — 
Financial liabilities
Deposits5,875,085 5,874,994 5,845,879 29,115 — 
Overnight federal funds purchased377,000 377,000 377,000 — — 
Other short- and long-term borrowings33,354 31,787 — 31,787 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.25.2
SUBSEQUENT EVENTS
 6 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Management has evaluated subsequent events that occurred after March 31, 2025. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management did not identify any material subsequent events that would require recognition or disclosure in our Condensed Consolidated Financial Statements as of or for the quarter ended March 31, 2025.
v3.25.2
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
 6 Months Ended
Mar. 31, 2025
Accounting Changes and Error Corrections [Abstract]  
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTSThe Company has restated its unaudited historical condensed consolidated financial statements as of March 31, 2024 and for the three and six months ended March 31, 2024 to correct for identified errors in its accounting for allowance for credit losses, interest income, provision for credit losses, and noninterest expense. In addition, the Company has corrected other unrelated immaterial errors which were previously not recorded or not recorded in the appropriate period. Prior period financial information restated for the three and six months ended March 31, 2024, was restated in the Form 10-K/A for the fiscal year ended September 30, 2024.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure        
Net income attributable to Pathward Financial, Inc. $ 74,957 $ 69,918 $ 104,923 $ 104,817
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 6 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Adopted ASUs
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2024 remain substantially unchanged.

The following ASU became effective for the Company on October 1, 2024, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosures primarily by enhancing disclosure requirements about significant segment expenses and additional interim disclosure requirements. The amendments will first be applied to the Company's annual financial statements for the year ending September 30, 2025 using a retrospective transition method. This ASU impacts disclosure only, and therefore does not have an impact on our consolidated financial statements.

The following ASUs have been issued and are considered applicable to the Company but have not yet been adopted.

ASU 2023-09, Income Taxes (ASC 740): Improvements to Income Tax Disclosures. This ASU requires enhanced income tax disclosures primarily related to the rate reconciliation and income taxes paid information to provide further transparency surrounding the Company’s income tax position. The amendments in this ASU will be effective for the Company beginning on October 1, 2025. This ASU impacts annual income tax disclosures only. The Company is currently evaluating the impact of such amendments to our Income Tax disclosures.

ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. This ASU requires entities to disclose specified information about certain costs and expenses within relevant expense captions in both annual and interim financial reporting. If costs and expenses do not fall within one of the disaggregated captions, qualitative description is required. The amendments in this ASU will be effective for the Company beginning October 1, 2027. This ASU impacts disclosure only, and therefore will not impact our
consolidated financial statements. The Company is currently evaluating the impact of this ASU on required annual and interim disclosures.
v3.25.2
DIVESTITURES (Tables)
 6 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Discontinued Operations The Company has summarized the results of the transaction as follows:
(Dollars in thousands)December 31, 2024Settlement
Adjustments		March 31, 2025
Assets Purchased and Liabilities Assumed
Cash and cash equivalents$4,686 $— $4,686 
Loans594,541 (1,360)593,181 
Premises, furniture, and equipment, net484 — 484 
Total assets purchased$599,711 $(1,360)$598,351 
Deposits$16,760 $— $16,760 
Accrued expenses and other liabilities1,158 120 1,278 
Total liabilities assumed$17,918 $120 $18,038 
Net assets purchased$581,793 $(1,480)$580,313 
Consideration paid at close603,290 8,223 611,513 
Consideration due9,703 (9,703)— 
Purchase price612,993 (1,480)611,513 
Premium on transaction31,200 — 31,200 
Other adjustments:
Goodwill derecognition(11,577)— (11,577)
Intangible derecognition(631)— (631)
Building lease derecognition471 — 471 
Deferred loan origination cost derecognition— (1,360)(1,360)
Transaction costs(3,059)— (3,059)
Total other adjustments(14,796)(1,360)(16,156)
Gain on divestitures$16,404 $(1,360)$15,044 
v3.25.2
SECURITIES (Tables)
 6 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of debt securities available for sale ("AFS") and held to maturity ("HTM") are presented below.

(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
March 31, 2025
Corporate securities$25,000 $— $(3,875)$21,125 
SBA securities13,122 — (1,208)11,914 
Obligations of states and political subdivisions200 — — 200 
Non-bank qualified obligations of states and political subdivisions223,512 26 (31,536)192,002 
Asset-backed securities159,206 358 (2,303)157,261 
Mortgage-backed securities1,207,481 13 (178,476)1,029,018 
Total debt securities AFS$1,628,521 $397 $(217,398)$1,411,520 
September 30, 2024
Corporate securities$25,000 $— $(5,250)$19,750 
SBA securities86,036 — (4,101)81,935 
Obligations of states and political subdivisions501 — (21)480 
Non-bank qualified obligations of states and political subdivisions246,233 44 (28,287)217,990 
Asset-backed securities192,979 337 (3,618)189,698 
Mortgage-backed securities1,393,549 84 (162,265)1,231,368 
Total debt securities AFS$1,944,298 $465 $(203,542)$1,741,221 
Debt Securities HTM
March 31, 2025
Non-bank qualified obligations of states and political subdivisions$29,350 $— $(4,613)$24,737 
Mortgage-backed securities1,985 — (230)1,755 
Total debt securities HTM$31,335 $— $(4,843)$26,492 
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$31,060 $— $(2,668)$28,392 
Mortgage-backed securities2,032 — (188)1,844 
Total debt securities HTM$33,092 $— $(2,856)$30,236 
Schedule of Unrealized Loss on Investments, AFS
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
March 31, 2025
Corporate securities$— $— $21,125 $(3,875)$21,125 $(3,875)
SBA securities— — 11,914 (1,208)11,914 (1,208)
Non-bank qualified obligations of states and political subdivisions— — 190,046 (31,536)190,046 (31,536)
Asset-backed securities36,156 (313)63,930 (1,990)100,086 (2,303)
Mortgage-backed securities14,473 (123)1,013,605 (178,353)1,028,078 (178,476)
Total debt securities AFS$50,629 $(436)$1,300,620 $(216,962)$1,351,249 $(217,398)
September 30, 2024
Corporate securities$— $— $19,750 $(5,250)$19,750 $(5,250)
SBA securities— — 81,935 (4,101)81,935 (4,101)
Obligations of state and political subdivisions— — 280 (21)280 (21)
Non-bank qualified obligations of states and political subdivisions— — 215,956 (28,287)215,956 (28,287)
Asset-backed securities52,101 (176)88,576 (3,442)140,677 (3,618)
Mortgage-backed securities2,377 (15)1,215,781 (162,250)1,218,158 (162,265)
Total debt securities AFS$54,478 $(191)$1,622,278 $(203,351)$1,676,756 $(203,542)
Debt Securities HTM
March 31, 2025
Non-bank qualified obligations of states and political subdivisions$— $— $24,737 $(4,613)$24,737 $(4,613)
Mortgage-backed securities— — 1,755 (230)1,755 (230)
Total debt securities HTM$— $— $26,492 $(4,843)$26,492 $(4,843)
September 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $28,392 $(2,668)$28,392 $(2,668)
Mortgage-backed securities— — 1,844 (188)1,844 (188)
Total debt securities HTM$— $— $30,236 $(2,856)$30,236 $(2,856)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in MBS because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

(Dollars in thousands)March 31, 2025September 30, 2024
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$380 $382 $1,826 $1,796 
Due after one year through five years1,750 1,773 14,772 14,211 
Due after five years through ten years40,206 36,413 70,894 63,636 
Due after ten years378,704 343,934 463,257 430,210 
421,040 382,502 550,749 509,853 
Mortgage-backed securities1,207,481 1,029,018 1,393,549 1,231,368 
Total debt securities AFS$1,628,521 $1,411,520 $1,944,298 $1,741,221 
Debt Securities HTM
Due after ten years$29,350 $24,737 $31,060 $28,392 
29,350 24,737 31,060 28,392 
Mortgage-backed securities1,985 1,755 2,032 1,844 
Total debt securities HTM$31,335 $26,492 $33,092 $30,236 
v3.25.2
LOANS AND LEASES, NET (Tables)
 6 Months Ended
Mar. 31, 2025
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:

(Dollars in thousands)March 31, 2025September 30, 2024
Term lending$1,766,432 $1,554,641 
Asset-based lending542,483 471,897 
Factoring224,520 362,295 
Lease financing134,856 152,174 
SBA/USDA701,736 568,628 
Other commercial finance154,728 185,964 
Commercial finance3,524,755 3,295,599 
Consumer finance246,202 248,800 
Tax services55,973 8,825 
Warehouse finance643,124 517,847 
Total loans and leases4,470,054 4,071,071 
Net deferred loan origination costs (fees)(5,184)4,124 
Total gross loans and leases4,464,870 4,075,195 
Allowance for credit losses(102,890)(71,765)
Total loans and leases, net$4,361,980 $4,003,430 
Schedule of Loans Purchased and Sold by Portfolio Segment
Loans purchased and sold by portfolio segment, including participation interests, were as follows:

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Loans Purchased
Loans held for investment:
Commercial finance$— $— $19,540 $— 
Warehouse finance27,292 73,701 147,111 163,091 
Total purchases$27,292 $73,701 $166,651 $163,091 
Loans Sold
Loans held for sale:
Commercial finance$182,667 $21,173 $248,469 $25,045 
Consumer finance491,761 321,489 1,044,391 943,953 
Total sales$674,428 $342,662 $1,292,860 $968,998 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)March 31, 2025September 30, 2024
Minimum lease payments receivable$145,382 $162,757 
Unguaranteed residual assets7,621 9,300 
Unamortized initial direct costs82 102 
Unearned income(18,145)(19,883)
Total net investment in direct financing and sales-type leases$134,940 $152,276 
Operating Lease, Lease Income
The components of total lease income were as follows:

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$2,800 $2,853 $5,987 $5,961 
Leasing and equipment finance noninterest income
Lease income from operating lease payments12,930 13,605 26,379 26,860 
Other(1)
1,139 869 2,446 1,593 
Total leasing and equipment finance noninterest income14,069 14,474 28,825 28,453 
Total lease income$16,869 $17,327 $34,812 $34,414 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$29,353 
202645,692 
202731,293 
202819,336 
202912,939 
Thereafter6,769 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases145,382 
Third-party residual value guarantees— 
Total carrying amount of minimum lease payments for direct financing and sales-type leases$145,382 
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans
Activity in the allowance for credit losses by portfolio segment was as follows:

(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Three Months Ended March 31, 2025
Allowance for credit losses:
Term lending$29,925 $1,384 $(6,208)$1,118 $26,219 
Asset-based lending1,762 440 (172)— 2,030 
Factoring5,765 (767)(96)32 4,934 
Lease financing881 1,374 (1,019)7 1,243 
SBA/USDA3,807 775 (609)48 4,021 
Other commercial finance421 (37)— — 384 
Commercial finance42,561 3,169 (8,104)1,205 38,831 
Consumer finance30,361 5,563 (6,897)608 29,635 
Tax services790 26,178 — 6,813 33,781 
Warehouse finance625 18 — — 643 
Total loans and leases74,337 34,928 (15,001)8,626 102,890 
Unfunded commitments(1)
513 338 — — 851 
Total $74,850 $35,266 $(15,001)$8,626 $103,741 
(As Restated)
Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Three Months Ended March 31, 2024
Allowance for credit losses:
Term lending$27,013 $6,303 $(5,176)$487 $28,627 
Asset-based lending1,370 (254)— 99 1,215 
Factoring7,433 (623)(12)16 6,814 
Lease financing4,008 (2,547)28 62 1,551 
Insurance premium finance2,123 (532)(295)113 1,409 
SBA/USDA3,289 (347)— — 2,942 
Other commercial finance3,312 (1,592)— — 1,720 
Commercial finance48,548 408 (5,455)777 44,278 
Consumer finance41,635 3,923 (10,823)346 35,081 
Tax services507 25,221 — 5,800 31,528 
Warehouse finance350 45 — — 395 
Total loans and leases91,040 29,597 (16,278)6,923 111,282 
Unfunded commitments(1)
596 147 — — 743 
Total $91,636 $29,744 $(16,278)$6,923 $112,025 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Six Months Ended March 31, 2025
Allowance for credit losses:
Term lending$30,394 $8,673 $(14,583)$1,735 $26,219 
Asset-based lending1,356 846 (172)— 2,030 
Factoring5,757 (937)(170)284 4,934 
Lease financing1,189 1,127 (1,082)9 1,243 
Insurance premium finance— 91 (93)2 — 
SBA/USDA3,273 1,606 (906)48 4,021 
Other commercial finance607 (223)— — 384 
Commercial finance42,576 11,183 (17,006)2,078 38,831 
Consumer finance28,669 14,984 (14,981)963 29,635 
Tax services2 27,479 (741)7,041 33,781 
Warehouse finance518 125 — — 643 
Total loans and leases71,765 53,771 (32,728)10,082 102,890 
Unfunded commitments(1)
695 156 — — 851 
Total $72,460 $53,927 $(32,728)$10,082 $103,741 
(As Restated)
Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Six Months Ended March 31, 2024
Allowance for credit losses:
Term lending$25,686 $12,125 $(10,297)$1,113 $28,627 
Asset-based lending2,738 (1,764)— 241 1,215 
Factoring6,566 128 (35)155 6,814 
Lease financing3,302 (1,781)(125)155 1,551 
Insurance premium finance2,637 (771)(660)203 1,409 
SBA/USDA2,962 (20)— — 2,942 
Other commercial finance3,089 (1,369)— — 1,720 
Commercial finance46,980 6,548 (11,117)1,867 44,278 
Consumer finance49,496 3,888 (18,924)621 35,081 
Tax services2 26,577 (1,145)6,094 31,528 
Warehouse finance377 18 — — 395 
Total loans and leases96,855 37,031 (31,186)8,582 111,282 
Unfunded commitments(1)
272 471 — — 743 
Total $97,127 $37,502 $(31,186)$8,582 $112,025 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Impaired Loans and Leases
Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)March 31, 2025September 30, 2024
Term lending$15,510 $15,491 
Asset-based lending783 — 
Factoring1,126 — 
Lease financing4,137 5,300 
SBA/USDA2,390 1,419 
Commercial finance(1)
23,946 22,210 
Total$23,946 $22,210 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.
The following table provides the average recorded investment in nonaccrual loans and leases:

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Term lending$27,521 $18,999 $25,365 $18,209 
Asset-based lending530 82 555 4,896 
Factoring1,398 5,745 831 3,463 
Lease financing4,887 1,639 3,226 1,631 
SBA/USDA3,096 2,329 2,498 1,908 
Commercial finance37,432 28,794 32,475 30,107 
Total loans and leases$37,432 $28,794 $32,475 $30,107 
Asset Classification by Credit Quality Indicators of Loans and Leases
The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
March 31, 202520252024202320222021Prior
Term lending
Pass$367,175 $492,482 $320,262 $117,245 $63,969 $47,725 $— $1,408,858 
Watch18,687 30,695 84,454 7,886 17,374 13,247 — 172,343 
Special mention1,100 54,125 5,543 607 16,579 93 — 78,047 
Substandard242 12,821 28,643 24,521 16,044 21,082 — 103,353 
Doubtful— 49 954 948 1,724 156 — 3,831 
Total387,204 590,172 439,856 151,207 115,690 82,303 — 1,766,432 
Current period charge-offs— 7,637 3,998 2,032 656 260 — 14,583 
Asset-based lending
Pass— — — — — — 294,029 294,029 
Watch— — — — — — 221,559 221,559 
Special mention— — — — — — 13,046 13,046 
Substandard— — — — — — 13,777 13,777 
Doubtful— — — — — — 72 72 
Total— — — — — — 542,483 542,483 
Current period charge-offs— — — — — — 172 172 
Factoring
Pass— — — — — — 173,851 173,851 
Watch— — — — — — 46,897 46,897 
Special mention— — — — — — 1,061 1,061 
Substandard— — — — — — 2,292 2,292 
Doubtful— — — — — — 419 419 
Total— — — — — — 224,520 224,520 
Current period charge-offs— — — — — — 170 170 
Lease financing
Pass16,997 35,768 38,520 7,522 3,118 6,254 — 108,179 
Watch1,457 3,148 2,979 1,475 1,974 1,783 — 12,816 
Special mention— — 220 — 325 — — 545 
Substandard— — 6,116 1,839 4,260 1,060 — 13,275 
Doubtful— — — — 2 39 — 41 
Total18,454 38,916 47,835 10,836 9,679 9,136 — 134,856 
Current period charge-offs— — 16 — 1,005 61 — 1,082 
Insurance premium finance
Current period charge-offs— 62 31 — — — — 93 
SBA/USDA
Pass100,469 102,236 172,239 161,572 18,827 48,008 — 603,351 
Watch903 6,218 118 9,791 1,000 12,955 — 30,985 
Special mention— — — 2,548 482 1,787 — 4,817 
Substandard70 2,291 18,115 14,042 2,875 24,546 — 61,939 
Doubtful— — 376 55 55 158 — 644 
Total101,442 110,745 190,848 188,008 23,239 87,454 — 701,736 
Current period charge-offs— — 171 — — 735 — 906 
Other commercial finance
Pass625 62,895 2,150 127 12,181 66,083 — 144,061 
Watch— — 2,447 — — — — 2,447 
Substandard— — 479 — 7,741 — — 8,220 
Total625 62,895 5,076 127 19,922 66,083 — 154,728 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 643,124 643,124 
Total— — — — — — 643,124 643,124 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass485,266 693,381 533,171 286,466 98,095 168,070 1,111,004 3,375,453 
Watch21,047 40,061 89,998 19,152 20,348 27,985 268,456 487,047 
Special mention1,100 54,125 5,763 3,155 17,386 1,880 14,107 97,516 
Substandard312 15,112 53,353 40,402 30,920 46,688 16,069 202,856 
Doubtful— 49 1,330 1,003 1,781 353 491 5,007 
Total$507,725 $802,728 $683,615 $350,178 $168,530 $244,976 $1,410,127 $4,167,879 
Current period charge-offs$— $7,699 $4,216 $2,032 $1,661 $1,056 $342 $17,006 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Term lending
Pass$548,597 $398,832 $117,180 $77,585 $42,950 $24,166 $— $1,209,310 
Watch47,765 52,317 34,964 31,025 2,720 2,312 — 171,103 
Special mention44,617 3,106 9,121 14,772 7,238 2 — 78,856 
Substandard9,798 24,187 18,537 11,660 18,894 2,631 — 85,707 
Doubtful4,314 1,465 2,247 758 114 767 — 9,665 
Total655,091 479,907 182,049 135,800 71,916 29,878 — 1,554,641 
Current period charge-offs114 3,102 8,502 3,576 2,184 715 — 18,193 
Asset-based lending
Pass— — — — — — 233,268 233,268 
Watch— — — — — — 221,521 221,521 
Special mention— — — — — — 13,187 13,187 
Substandard— — — — — — 3,921 3,921 
Total— — — — — — 471,897 471,897 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 292,436 292,436 
Watch— — — — — — 62,270 62,270 
Special mention— — — — — — 271 271 
Substandard— — — — — — 7,306 7,306 
Doubtful— — — — — — 12 12 
Total— — — — — — 362,295 362,295 
Current period charge-offs— — — — — — 2,453 2,453 
Lease financing
Pass44,883 48,851 12,862 7,101 7,938 1,733 — 123,368 
Watch1,837 3,537 370 6,264 1,362 40 — 13,410 
Special mention— 250 — — 174 — — 424 
Substandard— 6,691 2,723 2,717 2,069 603 — 14,803 
Doubtful— — — 138 31 — — 169 
Total46,720 59,329 15,955 16,220 11,574 2,376 — 152,174 
Current period charge-offs— — — 207 80 — — 287 
Insurance premium finance
Current period charge-offs86 890 173 — — — — 1,149 
SBA/USDA
Pass60,636 171,136 179,490 20,825 28,588 39,319 — 499,994 
Watch5,244 6,967 — 639 10 3,026 — 15,886 
Special mention— — — 156 — 363 — 519 
Substandard1,037 15,923 12,158 2,003 9,519 11,134 — 51,774 
Doubtful— 185 55 55 62 98 — 455 
Total66,917 194,211 191,703 23,678 38,179 53,940 — 568,628 
Current period charge-offs— 549 79 — 127 — — 755 
Other commercial finance
Pass73,330 2,210 6,685 12,351 1,274 70,203 — 166,053 
Watch— 2,480 — — — — — 2,480 
Substandard— 508 — 16,923 — — — 17,431 
Total73,330 5,198 6,685 29,274 1,274 70,203 — 185,964 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 517,847 517,847 
Total— — — — — — 517,847 517,847 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass727,446 621,029 316,217 117,862 80,750 135,421 1,043,551 3,042,276 
Watch54,846 65,301 35,334 37,928 4,092 5,378 283,791 486,670 
Special mention44,617 3,356 9,121 14,928 7,412 365 13,458 93,257 
Substandard10,835 47,309 33,418 33,303 30,482 14,368 11,227 180,942 
Doubtful4,314 1,650 2,302 951 207 865 12 10,301 
Total$842,058 $738,645 $396,392 $204,972 $122,943 $156,397 $1,352,039 $3,813,446 
Current period charge-offs$200 $4,541 $8,754 $3,783 $2,391 $715 $2,453 $22,837 
Past Due Loans and Leases
Past due loans and leases were as follows:

Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
March 31, 2025
Loans held for sale$— $— $— $— $45,767 $45,767 $— $— $— 
Term lending23,308 9,380 10,724 43,412 1,723,020 1,766,432 7 23,080 23,087 
Asset-based lending— — — — 542,483 542,483 — 719 719 
Factoring— — — — 224,520 224,520 — 1,613 1,613 
Lease financing13,318 468 4,159 17,945 116,911 134,856 — 4,689 4,689 
SBA/USDA4,535 5,085 3,390 13,010 688,726 701,736 1,352 5,948 7,300 
Other commercial finance— — — — 154,728 154,728 — — — 
Commercial finance41,161 14,933 18,273 74,367 3,450,388 3,524,755 1,359 36,049 37,408 
Consumer finance3,922 2,769 2,398 9,089 237,113 246,202 2,398 — 2,398 
Tax services1,036 — — 1,036 54,937 55,973 — — — 
Warehouse finance— — — — 643,124 643,124 — — — 
Total loans and leases held for investment46,119 17,702 20,671 84,492 4,385,562 4,470,054 3,757 36,049 39,806 
Total loans and leases$46,119 $17,702 $20,671 $84,492 $4,431,329 $4,515,821 $3,757 $36,049 $39,806 
September 30, 2024
Loans held for sale$2,266 $1,361 $1,050 $4,677 $687,011 $691,688 $1,050 $— $1,050 
Term lending19,776 5,124 17,694 42,594 1,512,047 1,554,641 1,923 23,462 25,385 
Asset-based lending— — — — 471,897 471,897 — — — 
Factoring— — — — 362,295 362,295 — 29 29 
Lease financing3,605 1,595 109 5,309 146,865 152,174 60 746 806 
SBA/USDA— 952 2,172 3,124 565,504 568,628 331 2,175 2,506 
Other commercial finance— — — — 185,964 185,964 — — — 
Commercial finance23,381 7,671 19,975 51,027 3,244,572 3,295,599 2,314 26,412 28,726 
Consumer finance3,962 3,186 3,053 10,201 238,599 248,800 3,053 — 3,053 
Tax services— — 8,733 8,733 92 8,825 8,733 — 8,733 
Warehouse finance— — — — 517,847 517,847 — — — 
Total loans and leases held for investment27,343 10,857 31,761 69,961 4,001,110 4,071,071 14,100 26,412 40,512 
Total loans and leases$29,609 $12,218 $32,811 $74,638 $4,688,121 $4,762,759 $15,150 $26,412 $41,562 
Financing Receivable, Nonaccrual
Nonaccrual loans and leases by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
March 31, 202520252024202320222021Prior
Term lending$— $1,027 $3,058 $4,559 $11,552 $2,884 $— $23,080 $8,109 
Asset-based lending— — — — — — 719 719 — 
Factoring— — — — — — 1,613 1,613 — 
Lease financing— — 454 — 3,488 747 — 4,689 4,137 
SBA/USDA— 3,547 1,504 411 83 403 — 5,948 — 
Commercial finance— 4,574 5,016 4,970 15,123 4,034 2,332 36,049 12,246 
Total nonaccrual loans and leases$— $4,574 $5,016 $4,970 $15,123 $4,034 $2,332 $36,049 $12,246 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
September 30, 202420242023202220212020Prior
Term lending$9,281 $3,433 $5,369 $1,386 $625 $3,368 $— $23,462 $2,579 
Factoring— — — — — — 29 29 — 
Lease financing— 577 11 46 2 110 — 746 — 
SBA/USDA— 738 55 55 742 585 — 2,175 681 
Commercial finance9,281 4,748 5,435 1,487 1,369 4,063 29 26,412 3,260 
Total nonaccrual loans and leases$9,281 $4,748 $5,435 $1,487 $1,369 $4,063 $29 $26,412 $3,260 

Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
March 31, 202520252024202320222021Prior
Term lending$— $— $— $— $— $7 $— $7 
SBA/USDA— — 1,352 — — — — 1,352 
Commercial finance— — 1,352 — — 7 — 1,359 
Consumer finance266 896 1,037 190 9 — — 2,398 
Total loans and leases held for investment266 896 2,389 190 9 7 — 3,757 
Total 90 days or more delinquent and accruing$266 $896 $2,389 $190 $9 $7 $— $3,757 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
September 30, 202420242023202220212020Prior
Loans held for sale$1,031 $19 $— $— $— $— $— $1,050 
Term lending— 621 354 719 217 12 — 1,923 
Lease financing— — — 2 58 — — 60 
SBA/USDA— — 331 — — — — 331 
Commercial finance— 621 685 721 275 12 — 2,314 
Consumer finance736 1,841 388 88 — — — 3,053 
Tax services8,733 — — — — — — 8,733 
Total loans and leases held for investment9,469 2,462 1,073 809 275 12 — 14,100 
Total 90 days or more delinquent and accruing$10,500 $2,481 $1,073 $809 $275 $12 $— $15,150 
v3.25.2
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 6 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.

Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2025202420252024
(As Restated)(As Restated)
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$74,957 $69,918 $104,923 $104,817 
Dividends and undistributed earnings allocated to participating securities(264)(562)(402)(839)
Basic net earnings available to common stockholders74,693 69,356 104,521 103,978 
Undistributed earnings allocated to nonvested restricted stockholders260 552 393 819 
Reallocation of undistributed earnings to nonvested restricted stockholders(259)(551)(392)(818)
Diluted net earnings available to common stockholders$74,694 $69,357 $104,522 $103,979 
Total weighted-average basic common shares outstanding23,657,145 25,281,743 23,941,980 25,529,186 
Effect of dilutive securities(1)
PSUs118,878 29,401 97,040 26,470 
Total effect of dilutive securities118,878 29,401 97,040 26,470 
Total weighted-average diluted common shares outstanding23,776,023 25,311,144 24,039,020 25,555,656 
Net earnings per common share:
Basic earnings per common share$3.16 $2.74 $4.37 $4.07 
Diluted earnings per common share(2)
$3.14 $2.74 $4.35 $4.07 
(1) Represents the effect of the assumed vesting of PSUs and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended March 31, 2025 and 2024, respectively, were 83,665 and 204,877 weighted average share of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2025 and 2024, respectively, were 92,172 and 206,060 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.25.2
RENTAL EQUIPMENT, NET (Tables)
 6 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Rental Equipment
Rental equipment consists of the following:

(Dollars in thousands)March 31, 2025September 30, 2024
Computers and IT networking equipment$12,254 $21,308 
Motor vehicles and other152,871 140,920 
Other furniture and equipment38,836 38,755 
Solar panels and equipment133,964 128,296 
Total337,925 329,279 
Accumulated depreciation(136,665)(124,987)
Unamortized initial direct costs934 1,047 
Net book value$202,194 $205,339 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$21,322 
202636,044 
202727,855 
202819,116 
202913,262 
Thereafter6,366 
Total $123,965 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$1,822 
20263,391 
20273,306 
20283,397 
20293,436 
Thereafter13,107 
Total undiscounted future minimum lease payments 28,459 
Discount(3,210)
Total operating lease liabilities$25,249 
v3.25.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of the Company's goodwill were as follows:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
September 30, 2024$87,145 $222,360 $— $309,505 
Divestiture— (11,577)— (11,577)
March 31, 2025$87,145 $210,783 $— $297,928 
September 30, 2023$87,145 $222,360 $— $309,505 
March 31, 2024$87,145 $222,360 $— $309,505 
Schedule of Finite-Lived Intangible Assets
The changes in the carrying amount of the Company’s intangible assets during the six months ended March 31, 2025 include certain intangibles disposed of as part of the commercial insurance premium finance business sale. The relevant intangibles were included in the carrying amount of the disposed business. See Note 3. Divestitures to the Condensed Consolidated Financial Statements for further information.

(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
September 30, 2024$6,422 $— $6,566 $3,601 $16,589 
Amortization during the period(538)— (1,064)(292)(1,894)
Write-offs and disposals during the period— — (631)— (631)
March 31, 2025$5,884 $— $4,871 $3,309 $14,064 
Gross carrying amount$13,774 $301 $70,338 $7,732 $92,145 
Accumulated amortization(7,890)(301)(54,549)(4,270)(67,010)
Accumulated impairment— — (10,918)(153)(11,071)
March 31, 2025$5,884 $— $4,871 $3,309 $14,064 
September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(527)— (1,431)(266)(2,224)
March 31, 2024$6,950 $— $7,679 $3,867 $18,496 
Gross carrying amount$13,774 $301 $77,578 $7,798 $99,451 
Accumulated amortization(6,824)(301)(58,981)(3,712)(69,818)
Accumulated impairment— — (10,918)(219)(11,137)
March 31, 2024$6,950 $— $7,679 $3,867 $18,496 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 10-30 years. Amortized using the accelerated method.
(3) Book amortization period of 3-20 years. Amortized using the straight line method.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense of intangible assets in the remaining six months of fiscal 2025 and subsequent fiscal years at March 31, 2025 was as follows:
(Dollars in thousands)
Remaining in 2025$1,562 
20263,103 
20272,483 
20282,194 
20291,581 
Thereafter3,141 
Total anticipated intangible amortization$14,064 
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$21,322 
202636,044 
202727,855 
202819,116 
202913,262 
Thereafter6,366 
Total $123,965 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2025 were as follows:

(Dollars in thousands)
Remaining in 2025$1,822 
20263,391 
20273,306 
20283,397 
20293,436 
Thereafter13,107 
Total undiscounted future minimum lease payments 28,459 
Discount(3,210)
Total operating lease liabilities$25,249 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases were as follows:

March 31, 2025September 30, 2024
Weighted-average discount rate2.67 %2.45 %
Weighted-average remaining lease term (years)8.418.78

The components of total lease costs for operating leases were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2025202420252024
Lease expense$998 $992 $1,917 $2,017 
Short-term and variable lease cost23 30 44 23 
Sublease income(351)(269)(703)(639)
Total lease cost for operating leases$670 $753 $1,258 $1,401 
v3.25.2
STOCK COMPENSATION (Tables)
 6 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
The following tables show the activity of share awards (including shares of restricted stock subject to vesting, fully-vested restricted stock, and PSUs) granted, exercised or forfeited under all of the Company's incentive plans during the six months ended March 31, 2025.

Number of SharesWeighted Average Fair Value at Grant
Restricted Stock Awards
Nonvested shares outstanding, September 30, 2024248,670 $41.19 
Granted15,600 77.42 
Vested(179,669)41.24 
Forfeited or expired(1,055)50.15 
Nonvested shares outstanding, March 31, 202583,546 $47.75 
Restricted Stock Units
Nonvested shares outstanding, September 30, 2024— $— 
Granted86,200 79.51 
Vested— — 
Forfeited or expired(572)79.63 
Nonvested shares outstanding, March 31, 202585,628 $79.51 
Number of UnitsWeighted Average Fair Value at Grant
PSUs
PSUs outstanding, September 30, 2024142,462 $47.24 
Granted34,208 79.47 
Vested(34,304)57.21 
Forfeited or expired— — 
PSUs outstanding, March 31, 2025142,366 $52.59 
v3.25.2
INCOME TAXES (Tables)
 6 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.

Six Months Ended March 31,
20252024
(Dollars in thousands)(As Restated)
Provision at statutory rate$26,690 $27,183 
Tax-exempt income(319)(341)
State income taxes4,773 5,172 
Interim period effective rate adjustment(4,375)4,351 
Tax credit investments, net - federal(3,694)(11,363)
IRC 162(m) nondeductible compensation605 340 
Other, net(1,509)(719)
Income tax expense$22,171 $24,623 
Effective tax rate17.38%18.95 %
v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended March 31,20252024202520242025202420252024
Net interest income(1)
$75,633 $67,280 $41,987 $44,493 $18,659 $16,861 $136,279 $128,634 
Noninterest income:
Refund transfer product fees32,663 28,942 — — — — 32,663 28,942 
Refund advance and other tax fee income(1)
48,585 43,200 — — — — 48,585 43,200 
Card and deposit fees30,583 35,097 202 241 8 6 30,793 35,344 
Rental income(1)
— — 12,990 13,594 210 126 13,200 13,720 
(Loss) on sale of securities(1)
— — — — (7,228)— (7,228)— 
(Loss) on divestitures(1)
— — — — (1,360)— (1,360)— 
Secondary market revenue(1)
(25)16 2,074 1,385 13,329 — 15,378 1,401 
Gain on sale of other(1)
— — 627 222 — 72 627 294 
Other income(1)
2,221 2,432 2,225 2,307 1,420 1,305 5,866 6,044 
Total noninterest income114,027 109,687 18,118 17,749 6,379 1,509 138,524 128,945 
Revenue$189,660 $176,967 $60,105 $62,242 $25,038 $18,370 $274,803 $257,579 
Six Months Ended March 31,
Net interest income(1)
$156,694 $136,202 $85,280 $89,699 $19,554 $21,660 $261,528 $247,561 
Noninterest income:
Refund transfer product fees33,073 29,364 — — — — 33,073 29,364 
Refund advance and other tax fee income(1)
49,110 43,311 — — — — 49,110 43,311 
Card and deposit fees59,411 65,604 434 477 14 13 59,859 66,094 
Rental income(1)
— — 26,498 26,829 410 350 26,908 27,179 
(Loss) on sale of securities(1)
— — — — (22,899)— (22,899)— 
Gain on divestitures(1)
— — — — 15,044 — 15,044 — 
Secondary market revenue(1)
15 (15)6,412 1,385 13,328 — 19,755 1,370 
Gain on sale of other(1)
— — 1,158 584 456 2,581 1,614 3,165 
Other income(1)
6,020 4,210 4,855 4,473 2,563 2,540 13,438 11,223 
Total noninterest income147,629 142,474 39,357 33,748 8,916 5,484 195,902 181,706 
Revenue$304,323 $278,676 $124,637 $123,447 $28,470 $27,144 $457,430 $429,267 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.
v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information of Entity
The following table presents segment data for the Company:

(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
(As Restated)(As Restated)(As Restated)(As Restated)
Three Months Ended March 31,20252024202520242025202420252024
Net interest income$75,633 $67,280 $41,987 $44,493 $18,659 $16,861 $136,279 $128,634 
Provision for credit loss31,739 29,144 3,508 555 19 45 35,266 29,744 
Noninterest income114,027 109,687 18,118 17,749 6,379 1,509 138,524 128,945 
Noninterest expense66,948 59,763 33,601 38,130 47,628 42,849 148,177 140,742 
Income (loss) before income tax expense90,973 88,060 22,996 23,557 (22,609)(24,524)91,360 87,093 
Total assets431,962 463,212 3,975,353 4,127,524 2,587,471 2,826,073 6,994,786 7,416,809 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,633,529 6,063,339 140 7,143 185,540 297,862 5,819,209 6,368,344 
Six Months Ended March 31,
Net interest income$156,694 $136,202 $85,280 $89,699 $19,554 $21,660 $261,528 $247,561 
Provision for credit loss42,463 30,466 11,339 7,018 125 18 53,927 37,502 
Noninterest income147,629 142,474 39,357 33,748 8,916 5,484 195,902 181,706 
Noninterest expense120,327 111,579 66,366 72,986 89,280 77,254 275,973 261,819 
Income (loss) before income tax expense141,533 136,631 46,932 43,443 (60,935)(50,128)127,530 129,946 
Total assets431,962 463,212 3,975,353 4,127,524 2,587,471 2,826,073 6,994,786 7,416,809 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits5,633,529 6,063,339 140 7,143 185,540 297,862 5,819,209 6,368,344 
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Securities Available for Sale and Held to Maturity
The following table summarizes the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.

(Dollars in thousands)TotalLevel 1Level 2Level 3
March 31, 2025
Debt securities AFS    
Corporate securities$21,125 $— $21,125 $— 
SBA securities11,914 — 11,914 — 
Obligations of states and political subdivisions200 — 200 — 
Non-bank qualified obligations of states and political subdivisions192,002 — 192,002 — 
Asset-backed securities157,261 — 157,261 — 
Mortgage-backed securities1,029,018 — 1,029,018 — 
Total debt securities AFS$1,411,520 $— $1,411,520 $— 
Common equities and mutual funds(1)
$3,569 $3,569 $— $— 
Non-marketable equity securities(2)
$12,829 $— $— $— 
September 30, 2024
Debt securities AFS    
Corporate securities$19,750 $— $19,750 $— 
SBA securities81,935 — 81,935 — 
Obligations of states and political subdivisions480 — 480 — 
Non-bank qualified obligations of states and political subdivisions217,990 — 217,990 — 
Asset-backed securities189,698 — 189,698 — 
Mortgage-backed securities1,231,368 — 1,231,368 — 
Total debt securities AFS$1,741,221 $— $1,741,221 $— 
Common equities and mutual funds(1)
$3,303 $3,303 $— $— 
Non-marketable equity securities(2)
$11,828 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2025 and September 30, 2024.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:

(Dollars in thousands)TotalLevel 1Level 2Level 3
March 31, 2025
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,900 $— $— $8,900 
    Total loans and leases, net individually evaluated for credit loss8,900 — — 8,900 
Total$8,900 $— $— $8,900 
September 30, 2024
Loans and leases, net individually evaluated for credit loss    
Commercial finance$7,652 $— $— $7,652 
    Total loans and leases, net individually evaluated for credit loss7,652 — — 7,652 
Total$7,652 $— $— $7,652 
Quantitative Information about Level 3 Fair Value Measurements
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
March 31, 2025
Fair Value at
September 30, 2024
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,900 $7,652 Market approach
Appraised values(1)
3% - 28%
(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 3% to 28%.
Carrying Amount and Estimated Fair Value of Financial Instruments
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:

 March 31, 2025
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$254,249 $254,249 $254,249 $— $— 
Debt securities available for sale1,411,520 1,411,520 — 1,411,520 — 
Debt securities held to maturity31,335 26,492 — 26,492 — 
Common equities and mutual funds(1)
3,569 3,569 3,569 — — 
Non-marketable equity securities(1)(2)
22,528 22,528 — 9,699 — 
Loans held for sale45,767 45,767 — 45,767 — 
Loans and leases4,470,054 4,418,831 — — 4,418,831 
Federal Reserve Bank and Federal Home Loan Bank stocks24,276 24,276 — 24,276 — 
Accrued interest receivable37,081 37,081 37,081 — — 
Financial liabilities
Deposits5,819,209 5,819,118 5,814,996 4,122 — 
Other short- and long-term borrowings33,405 32,977 — 32,977 — 
Accrued interest payable183 183 183 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2025.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 September 30, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$158,337 $158,337 $158,337 $— $— 
Debt securities available for sale1,741,221 1,741,221 — 1,741,221 — 
Debt securities held to maturity33,092 30,236 — 30,236 — 
Common equities and mutual funds(1)
3,303 3,303 3,303 — — 
Non-marketable equity securities(1)(2)
21,350 21,350 — 9,522 — 
Loans held for sale691,688 691,688 — 691,688 — 
Loans and leases4,071,071 4,036,490 — — 4,036,490 
Federal Reserve Bank and Federal Home Loan Bank stocks36,014 36,014 — 36,014 — 
Accrued interest receivable31,385 31,385 31,385 — — 
Financial liabilities
Deposits5,875,085 5,874,994 5,845,879 29,115 — 
Overnight federal funds purchased377,000 377,000 377,000 — — 
Other short- and long-term borrowings33,354 31,787 — 31,787 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.25.2
DIVESTITURES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Oct. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Gain (loss) on divestitures     $ (1,360) $ 0 $ 15,044 $ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Premium on transaction $ 31,200 $ 31,200 31,200   31,200  
Gain (loss) on divestitures 15,044 $ 15,000        
Decrease deferred loan origination cost derecognition $ (1,400)   $ (1,400)   $ (1,400)  
v3.25.2
DIVESTITURES - Schedule of Discontinued Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Oct. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]              
Building lease derecognition           $ (15,044) $ 0
Gain (loss) on divestitures       $ (1,360) $ 0 15,044 $ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business              
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]              
Cash and cash equivalents $ 4,686     4,686   4,686  
Loans 593,181     593,181   593,181  
Premises, furniture, and equipment, net 484     484   484  
Total assets purchased 598,351     598,351   598,351  
Deposits 16,760     16,760   16,760  
Accrued expenses and other liabilities 1,278     1,278   1,278  
Total liabilities assumed 18,038     18,038   18,038  
Net assets purchased 580,313     580,313   580,313  
Consideration paid at close 611,513     611,513   611,513  
Consideration due 0     0   0  
Purchase price 611,513     611,513   611,513  
Premium on transaction 31,200   $ 31,200 31,200   31,200  
Goodwill derecognition (11,577)            
Intangible derecognition (631)            
Building lease derecognition 471            
Deferred loan origination cost derecognition (1,360)            
Transaction costs (3,059)            
Total other adjustments (16,156)            
Gain (loss) on divestitures 15,044   $ 15,000        
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business | Disposal Group, Previously Reported              
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]              
Cash and cash equivalents   $ 4,686          
Loans   594,541          
Premises, furniture, and equipment, net   484          
Total assets purchased   599,711          
Deposits   16,760          
Accrued expenses and other liabilities   1,158          
Total liabilities assumed   17,918          
Net assets purchased   581,793          
Consideration paid at close   603,290          
Consideration due   9,703          
Purchase price   612,993          
Premium on transaction   31,200          
Goodwill derecognition   (11,577)          
Intangible derecognition   (631)          
Building lease derecognition   471          
Deferred loan origination cost derecognition   0          
Transaction costs   (3,059)          
Total other adjustments   (14,796)          
Gain (loss) on divestitures   $ 16,404          
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Commercial Insurance Premium Finance Business | Settlement Adjustments              
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]              
Cash and cash equivalents 0     0   0  
Loans (1,360)     (1,360)   (1,360)  
Premises, furniture, and equipment, net 0     0   0  
Total assets purchased (1,360)     (1,360)   (1,360)  
Deposits 0     0   0  
Accrued expenses and other liabilities 120     120   120  
Total liabilities assumed 120     120   120  
Net assets purchased (1,480)     (1,480)   (1,480)  
Consideration paid at close 8,223     8,223   8,223  
Consideration due (9,703)     (9,703)   (9,703)  
Purchase price (1,480)     (1,480)   (1,480)  
Premium on transaction $ 0     $ 0   0  
Goodwill derecognition           0  
Intangible derecognition           0  
Building lease derecognition           0  
Deferred loan origination cost derecognition           (1,360)  
Transaction costs           0  
Total other adjustments           (1,360)  
Gain (loss) on divestitures           $ (1,360)  
v3.25.2
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 1,628,521 $ 1,944,298
Fair Value 1,411,520 1,741,221
Amortized Cost    
Due in one year or less 380 1,826
Due after one year through five years 1,750 14,772
Due after five years through ten years 40,206 70,894
Due after ten years 378,704 463,257
Total 421,040 550,749
Mortgage-backed securities 1,207,481 1,393,549
Fair Value    
Due in one year or less 382 1,796
Due after one year through five years 1,773 14,211
Due after five years through ten years 36,413 63,636
Due after ten years 343,934 430,210
Total 382,502 509,853
Mortgage-backed securities 1,029,018 1,231,368
Corporate securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 25,000 25,000
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (3,875) (5,250)
Fair Value 21,125 19,750
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 21,125 19,750
OVER 12 MONTHS, Gross Unrealized (Losses) (3,875) (5,250)
TOTAL, Fair Value 21,125 19,750
TOTAL, Gross Unrealized (Losses) (3,875) (5,250)
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 13,122 86,036
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (1,208) (4,101)
Fair Value 11,914 81,935
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 11,914 81,935
OVER 12 MONTHS, Gross Unrealized (Losses) (1,208) (4,101)
TOTAL, Fair Value 11,914 81,935
TOTAL, Gross Unrealized (Losses) (1,208) (4,101)
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 200 501
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) 0 (21)
Fair Value 200 480
LESS THAN 12 MONTHS, Fair Value   0
LESS THAN 12 MONTHS, Gross Unrealized (Losses)   0
OVER 12 MONTHS, Fair Value   280
OVER 12 MONTHS, Gross Unrealized (Losses)   (21)
TOTAL, Fair Value   280
TOTAL, Gross Unrealized (Losses)   (21)
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 223,512 246,233
Gross Unrealized Gains 26 44
Gross Unrealized (Losses) (31,536) (28,287)
Fair Value 192,002 217,990
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 190,046 215,956
OVER 12 MONTHS, Gross Unrealized (Losses) (31,536) (28,287)
TOTAL, Fair Value 190,046 215,956
TOTAL, Gross Unrealized (Losses) (31,536) (28,287)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 159,206 192,979
Gross Unrealized Gains 358 337
Gross Unrealized (Losses) (2,303) (3,618)
Fair Value 157,261 189,698
LESS THAN 12 MONTHS, Fair Value 36,156 52,101
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (313) (176)
OVER 12 MONTHS, Fair Value 63,930 88,576
OVER 12 MONTHS, Gross Unrealized (Losses) (1,990) (3,442)
TOTAL, Fair Value 100,086 140,677
TOTAL, Gross Unrealized (Losses) (2,303) (3,618)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,207,481 1,393,549
Gross Unrealized Gains 13 84
Gross Unrealized (Losses) (178,476) (162,265)
Fair Value 1,029,018 1,231,368
LESS THAN 12 MONTHS, Fair Value 14,473 2,377
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (123) (15)
OVER 12 MONTHS, Fair Value 1,013,605 1,215,781
OVER 12 MONTHS, Gross Unrealized (Losses) (178,353) (162,250)
TOTAL, Fair Value 1,028,078 1,218,158
TOTAL, Gross Unrealized (Losses) (178,476) (162,265)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,628,521 1,944,298
Gross Unrealized Gains 397 465
Gross Unrealized (Losses) (217,398) (203,542)
Fair Value 1,411,520 1,741,221
LESS THAN 12 MONTHS, Fair Value 50,629 54,478
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (436) (191)
OVER 12 MONTHS, Fair Value 1,300,620 1,622,278
OVER 12 MONTHS, Gross Unrealized (Losses) (216,962) (203,351)
TOTAL, Fair Value 1,351,249 1,676,756
TOTAL, Gross Unrealized (Losses) $ (217,398) $ (203,542)
v3.25.2
SECURITIES - Narrative (Details)
 6 Months Ended
Mar. 31, 2025
USD ($)
security
Mar. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Debt Securities, Available-for-sale [Line Items]      
Proceeds from sales of securities available for sale $ 217,883,000 $ 0  
AFS number of securities in an unrealized loss position (in securities) | security 152    
Federal reserve bank stock $ 19,700,000   $ 19,700,000
Federal home loan bank stock 4,600,000   16,300,000
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 3,600,000   3,300,000
Unrealized gain (loss) (100,000) 0  
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 12,800,000   11,800,000
Unrealized gain (loss) 800,000 $ 400,000  
Equity securities without readily determinable fair value, amount 14,700,000   $ 13,600,000
Realized gain on equity securities $ 400,000    
Number of equity securities sold | security 0    
v3.25.2
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 31,335 $ 33,092
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (4,843) (2,856)
Fair Value 26,492 30,236
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 26,492 30,236
OVER 12 MONTHS, Gross Unrealized (Losses) (4,843) (2,856)
TOTAL, Fair Value 26,492 30,236
TOTAL, Gross Unrealized (Losses) (4,843) (2,856)
Amortized Cost    
Due after ten years 29,350 31,060
Total 29,350 31,060
Mortgage-backed securities 1,985 2,032
Fair Value    
Due after ten years 24,737 28,392
Total 24,737 28,392
Mortgage-backed securities 1,755 1,844
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 29,350 31,060
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (4,613) (2,668)
Fair Value 24,737 28,392
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 24,737 28,392
OVER 12 MONTHS, Gross Unrealized (Losses) (4,613) (2,668)
TOTAL, Fair Value 24,737 28,392
TOTAL, Gross Unrealized (Losses) (4,613) (2,668)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 1,985 2,032
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (230) (188)
Fair Value 1,755 1,844
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 1,755 1,844
OVER 12 MONTHS, Gross Unrealized (Losses) (230) (188)
TOTAL, Fair Value 1,755 1,844
TOTAL, Gross Unrealized (Losses) $ (230) $ (188)
v3.25.2
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 4,470,054   $ 4,071,071      
Net deferred loan origination costs (fees) (5,184)   4,124      
Total gross loans and leases 4,464,870   4,075,195      
Allowance for credit losses (102,890)   (71,765)      
Total loans and leases, net 4,361,980   4,003,430      
National Lending | Term lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 1,766,432   1,554,641      
Allowance for credit losses (26,219) $ (29,925) (30,394) $ (28,627) $ (27,013) $ (25,686)
National Lending | Asset-based lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 542,483   471,897      
Allowance for credit losses (2,030) (1,762) (1,356) (1,215) (1,370) (2,738)
National Lending | Factoring            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 224,520   362,295      
Allowance for credit losses (4,934) (5,765) (5,757) (6,814) (7,433) (6,566)
National Lending | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 134,856   152,174      
Allowance for credit losses (1,243) (881) (1,189) (1,551) (4,008) (3,302)
National Lending | SBA/USDA            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 701,736   568,628      
Allowance for credit losses (4,021) (3,807) (3,273) (2,942) (3,289) (2,962)
National Lending | Other commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 154,728   185,964      
Allowance for credit losses (384) (421) (607) (1,720) (3,312) (3,089)
National Lending | Commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 3,524,755   3,295,599      
Allowance for credit losses (38,831) (42,561) (42,576) (44,278) (48,548) (46,980)
National Lending | Consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 246,202   248,800      
Allowance for credit losses (29,635) (30,361) (28,669) (35,081) (41,635) (49,496)
National Lending | Tax services            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 55,973   8,825      
Allowance for credit losses (33,781) (790) (2) (31,528) (507) (2)
National Lending | Warehouse finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 643,124   517,847      
Allowance for credit losses $ (643) $ (625) $ (518) $ (395) $ (350) $ (377)
v3.25.2
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Originated loans held for sale     $ 1,377,073,000 $ 933,786,000  
Transaction costs     1,150,000,000 969,000,000.0  
Secondary market revenue     19,800,000 1,400,000  
Loans and leases $ 4,464,870,000   4,464,870,000   $ 4,075,195,000
Pass          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 3,375,453,000   3,375,453,000   3,042,276,000
Pass | Asset Pledged as Collateral          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 117,500,000   117,500,000   105,100,000
Consumer finance portfolio segment          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 246,200,000   246,200,000   248,800,000
Tax services loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 56,000,000.0   56,000,000.0   $ 8,800,000
National Lending | Commercial Finance and Consumer Finance          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Originated loans held for sale     1,380,000,000 933,800,000  
National Lending | Commercial finance          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
TDRs subsequent default, recorded investment     6,100,000 0  
National Lending | Commercial finance | Term Extensions and Reduced Payments          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
TDRs subsequent default, recorded investment $ 5,900,000 $ 1,600,000 $ 9,100,000 $ 1,600,000  
v3.25.2
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment $ 27,292 $ 73,701 $ 166,651 $ 163,091
Loans Sold, Loans held for sale     1,146,702 968,998
Loans Sold, Total sales 674,428 342,662 1,292,860 968,998
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 0 0 19,540 0
Loans Sold, Loans held for sale 182,667 21,173 248,469 25,045
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 27,292 73,701 147,111 163,091
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Sold, Loans held for sale $ 491,761 $ 321,489 $ 1,044,391 $ 943,953
v3.25.2
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Net Investment in Lease [Abstract]          
Minimum lease payments receivable $ 145,382   $ 145,382   $ 162,757
Unguaranteed residual assets 7,621   7,621   9,300
Unamortized initial direct costs 82   82   102
Unearned income (18,145)   (18,145)   (19,883)
Total net investment in direct financing and sales-type leases 134,940   134,940   $ 152,276
Interest income - loans and leases          
Interest income on net investments in direct financing and sales-type leases 2,800 $ 2,853 5,987 $ 5,961  
Lease income from operating lease payments 12,930 13,605 26,379 26,860  
Other 1,139 869 2,446 1,593  
Total leasing and equipment finance noninterest income 14,069 14,474 28,825 28,453  
Total lease income 16,869 $ 17,327 34,812 $ 34,414  
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]          
Remaining in 2025 29,353   29,353    
2026 45,692   45,692    
2027 31,293   31,293    
2028 19,336   19,336    
2029 12,939   12,939    
Thereafter 6,769   6,769    
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 145,382   145,382    
Third-party residual value guarantees 0   0    
Total carrying amount of minimum lease payments for direct financing and sales-type leases $ 145,382   $ 145,382    
v3.25.2
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Allowance for Credit Losses [Roll Forward]          
Beginning Balance     $ 71,765    
Provision (Reversal) $ 35,266 $ 29,744 53,927 $ 37,502  
Ending Balance 102,890   102,890   $ 71,765
Total Committed Loans          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 74,337 91,040 71,765 96,855 96,855
Provision (Reversal) 34,928 29,597 53,771 37,031  
Charge-offs (15,001) (16,278) (32,728) (31,186)  
Recoveries 8,626 6,923 10,082 8,582  
Ending Balance 102,890 111,282 102,890 111,282 71,765
Unfunded commitments          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 513 596 695 272 272
Provision (Reversal) 338 147 156 471  
Charge-offs 0 0 0 0  
Recoveries 0 0 0 0  
Ending Balance 851 743 851 743 695
Total Loans          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 74,850 91,636 72,460 97,127 97,127
Provision (Reversal) 35,266 29,744 53,927 37,502  
Charge-offs (15,001) (16,278) (32,728) (31,186)  
Recoveries 8,626 6,923 10,082 8,582  
Ending Balance 103,741 112,025 103,741 112,025 72,460
National Lending | Term lending          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 29,925 27,013 30,394 25,686 25,686
Provision (Reversal) 1,384 6,303 8,673 12,125  
Charge-offs (6,208) (5,176) (14,583) (10,297)  
Recoveries 1,118 487 1,735 1,113  
Ending Balance 26,219 28,627 26,219 28,627 30,394
National Lending | Asset-based lending          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 1,762 1,370 1,356 2,738 2,738
Provision (Reversal) 440 (254) 846 (1,764)  
Charge-offs (172) 0 (172) 0  
Recoveries 0 99 0 241  
Ending Balance 2,030 1,215 2,030 1,215 1,356
National Lending | Factoring          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 5,765 7,433 5,757 6,566 6,566
Provision (Reversal) (767) (623) (937) 128  
Charge-offs (96) (12) (170) (35)  
Recoveries 32 16 284 155  
Ending Balance 4,934 6,814 4,934 6,814 5,757
National Lending | Lease financing          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 881 4,008 1,189 3,302 3,302
Provision (Reversal) 1,374 (2,547) 1,127 (1,781)  
Charge-offs (1,019)   (1,082) (125)  
Recoveries 7 62 9 155  
Ending Balance 1,243 1,551 1,243 1,551 1,189
National Lending | Lease financing, net of adjustments          
Allowance for Credit Losses [Roll Forward]          
Charge-offs   28      
National Lending | SBA/USDA          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 3,807 3,289 3,273 2,962 2,962
Provision (Reversal) 775 (347) 1,606 (20)  
Charge-offs (609) 0 (906) 0  
Recoveries 48 0 48 0  
Ending Balance 4,021 2,942 4,021 2,942 3,273
National Lending | Other commercial finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 421 3,312 607 3,089 3,089
Provision (Reversal) (37) (1,592) (223) (1,369)  
Charge-offs 0 0 0 0  
Recoveries 0 0 0 0  
Ending Balance 384 1,720 384 1,720 607
National Lending | Commercial finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 42,561 48,548 42,576 46,980 46,980
Provision (Reversal) 3,169 408 11,183 6,548  
Charge-offs (8,104) (5,455) (17,006) (11,117)  
Recoveries 1,205 777 2,078 1,867  
Ending Balance 38,831 44,278 38,831 44,278 42,576
National Lending | Consumer finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 30,361 41,635 28,669 49,496 49,496
Provision (Reversal) 5,563 3,923 14,984 3,888  
Charge-offs (6,897) (10,823) (14,981) (18,924)  
Recoveries 608 346 963 621  
Ending Balance 29,635 35,081 29,635 35,081 28,669
National Lending | Tax services          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 790 507 2 2 2
Provision (Reversal) 26,178 25,221 27,479 26,577  
Charge-offs 0 0 (741) (1,145)  
Recoveries 6,813 5,800 7,041 6,094  
Ending Balance 33,781 31,528 33,781 31,528 2
National Lending | Warehouse finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance 625 350 518 377 377
Provision (Reversal) 18 45 125 18  
Charge-offs 0 0 0 0  
Recoveries 0 0 0 0  
Ending Balance 643 395 643 395 518
National Lending | Insurance premium finance          
Allowance for Credit Losses [Roll Forward]          
Beginning Balance   2,123 0 2,637 2,637
Provision (Reversal)   (532) 91 (771)  
Charge-offs   (295) (93) (660)  
Recoveries   113 2 203  
Ending Balance $ 0 $ 1,409 $ 0 $ 1,409 $ 0
v3.25.2
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance $ 23,946   $ 23,946   $ 22,210
Average recorded investment 37,432 $ 28,794 32,475 $ 30,107  
National Lending | Term lending          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 15,510   15,510   15,491
Average recorded investment 27,521 18,999 25,365 18,209  
National Lending | Asset-based lending          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 783   783   0
Average recorded investment 530 82 555 4,896  
National Lending | Factoring          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 1,126   1,126   0
Average recorded investment 1,398 5,745 831 3,463  
National Lending | Lease financing          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 4,137   4,137   5,300
Average recorded investment 4,887 1,639 3,226 1,631  
National Lending | SBA/USDA          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 2,390   2,390   1,419
Average recorded investment 3,096 2,329 2,498 1,908  
National Lending | Commercial finance          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 23,946   23,946   $ 22,210
Average recorded investment $ 37,432 $ 28,794 $ 32,475 $ 30,107  
v3.25.2
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Financing Receivable, Credit Quality Indicator [Line Items]          
Total gross loans and leases $ 4,464,870   $ 4,464,870   $ 4,075,195
Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 485,266   485,266   727,446
2024 693,381   693,381   621,029
2023 533,171   533,171   316,217
2022 286,466   286,466   117,862
2021 98,095   98,095   80,750
Prior 168,070   168,070   135,421
Revolving Loans and Leases 1,111,004   1,111,004   1,043,551
Total gross loans and leases 3,375,453   3,375,453   3,042,276
Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 21,047   21,047   54,846
2024 40,061   40,061   65,301
2023 89,998   89,998   35,334
2022 19,152   19,152   37,928
2021 20,348   20,348   4,092
Prior 27,985   27,985   5,378
Revolving Loans and Leases 268,456   268,456   283,791
Total gross loans and leases 487,047   487,047   486,670
Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 1,100   1,100   44,617
2024 54,125   54,125   3,356
2023 5,763   5,763   9,121
2022 3,155   3,155   14,928
2021 17,386   17,386   7,412
Prior 1,880   1,880   365
Revolving Loans and Leases 14,107   14,107   13,458
Total gross loans and leases 97,516   97,516   93,257
Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 312   312   10,835
2024 15,112   15,112   47,309
2023 53,353   53,353   33,418
2022 40,402   40,402   33,303
2021 30,920   30,920   30,482
Prior 46,688   46,688   14,368
Revolving Loans and Leases 16,069   16,069   11,227
Total gross loans and leases 202,856   202,856   180,942
Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   4,314
2024 49   49   1,650
2023 1,330   1,330   2,302
2022 1,003   1,003   951
2021 1,781   1,781   207
Prior 353   353   865
Revolving Loans and Leases 491   491   12
Total gross loans and leases 5,007   5,007   10,301
Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 507,725   507,725   842,058
2024 802,728   802,728   738,645
2023 683,615   683,615   396,392
2022 350,178   350,178   204,972
2021 168,530   168,530   122,943
Prior 244,976   244,976   156,397
Revolving Loans and Leases 1,410,127   1,410,127   1,352,039
Total gross loans and leases 4,167,879   4,167,879   3,813,446
National Lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025, Writeoffs     0   200
2024, Writeoffs     7,699   4,541
2023, Writeoffs     4,216   8,754
2022, Writeoffs     2,032   3,783
2021, Writeoffs     1,661   2,391
Prior, Writeoffs     1,056   715
Revolving Loans and Leases, Writeoffs     342   2,453
Total, Writeoffs     17,006   22,837
National Lending | Term lending          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 6,208 $ 5,176 14,583 $ 10,297  
National Lending | Term lending | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 367,175   367,175   548,597
2024 492,482   492,482   398,832
2023 320,262   320,262   117,180
2022 117,245   117,245   77,585
2021 63,969   63,969   42,950
Prior 47,725   47,725   24,166
Revolving Loans and Leases 0   0   0
Total gross loans and leases 1,408,858   1,408,858   1,209,310
National Lending | Term lending | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 18,687   18,687   47,765
2024 30,695   30,695   52,317
2023 84,454   84,454   34,964
2022 7,886   7,886   31,025
2021 17,374   17,374   2,720
Prior 13,247   13,247   2,312
Revolving Loans and Leases 0   0   0
Total gross loans and leases 172,343   172,343   171,103
National Lending | Term lending | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 1,100   1,100   44,617
2024 54,125   54,125   3,106
2023 5,543   5,543   9,121
2022 607   607   14,772
2021 16,579   16,579   7,238
Prior 93   93   2
Revolving Loans and Leases 0   0   0
Total gross loans and leases 78,047   78,047   78,856
National Lending | Term lending | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 242   242   9,798
2024 12,821   12,821   24,187
2023 28,643   28,643   18,537
2022 24,521   24,521   11,660
2021 16,044   16,044   18,894
Prior 21,082   21,082   2,631
Revolving Loans and Leases 0   0   0
Total gross loans and leases 103,353   103,353   85,707
National Lending | Term lending | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   4,314
2024 49   49   1,465
2023 954   954   2,247
2022 948   948   758
2021 1,724   1,724   114
Prior 156   156   767
Revolving Loans and Leases 0   0   0
Total gross loans and leases 3,831   3,831   9,665
National Lending | Term lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 387,204   387,204   655,091
2024 590,172   590,172   479,907
2023 439,856   439,856   182,049
2022 151,207   151,207   135,800
2021 115,690   115,690   71,916
Prior 82,303   82,303   29,878
Revolving Loans and Leases 0   0   0
Total gross loans and leases 1,766,432   1,766,432   1,554,641
2025, Writeoffs     0   114
2024, Writeoffs     7,637   3,102
2023, Writeoffs     3,998   8,502
2022, Writeoffs     2,032   3,576
2021, Writeoffs     656   2,184
Prior, Writeoffs     260   715
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     14,583   18,193
National Lending | Asset-based lending          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 172 0 172 0  
National Lending | Asset-based lending | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 294,029   294,029   233,268
Total gross loans and leases 294,029   294,029   233,268
National Lending | Asset-based lending | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 221,559   221,559   221,521
Total gross loans and leases 221,559   221,559   221,521
National Lending | Asset-based lending | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 13,046   13,046   13,187
Total gross loans and leases 13,046   13,046   13,187
National Lending | Asset-based lending | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 13,777   13,777   3,921
Total gross loans and leases 13,777   13,777   3,921
National Lending | Asset-based lending | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0    
2024 0   0    
2023 0   0    
2022 0   0    
2021 0   0    
Prior 0   0    
Revolving Loans and Leases 72   72    
Total gross loans and leases 72   72    
National Lending | Asset-based lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 542,483   542,483   471,897
Total gross loans and leases 542,483   542,483   471,897
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     172   0
Total, Writeoffs     172   0
National Lending | Factoring          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 96 12 170 35  
National Lending | Factoring | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 173,851   173,851   292,436
Total gross loans and leases 173,851   173,851   292,436
National Lending | Factoring | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 46,897   46,897   62,270
Total gross loans and leases 46,897   46,897   62,270
National Lending | Factoring | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 1,061   1,061   271
Total gross loans and leases 1,061   1,061   271
National Lending | Factoring | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 2,292   2,292   7,306
Total gross loans and leases 2,292   2,292   7,306
National Lending | Factoring | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 419   419   12
Total gross loans and leases 419   419   12
National Lending | Factoring | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 224,520   224,520   362,295
Total gross loans and leases 224,520   224,520   362,295
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     170   2,453
Total, Writeoffs     170   2,453
National Lending | Lease financing          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 1,019   1,082 125  
National Lending | Lease financing | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 16,997   16,997   44,883
2024 35,768   35,768   48,851
2023 38,520   38,520   12,862
2022 7,522   7,522   7,101
2021 3,118   3,118   7,938
Prior 6,254   6,254   1,733
Revolving Loans and Leases 0   0   0
Total gross loans and leases 108,179   108,179   123,368
National Lending | Lease financing | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 1,457   1,457   1,837
2024 3,148   3,148   3,537
2023 2,979   2,979   370
2022 1,475   1,475   6,264
2021 1,974   1,974   1,362
Prior 1,783   1,783   40
Revolving Loans and Leases 0   0   0
Total gross loans and leases 12,816   12,816   13,410
National Lending | Lease financing | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   250
2023 220   220   0
2022 0   0   0
2021 325   325   174
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 545   545   424
National Lending | Lease financing | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   6,691
2023 6,116   6,116   2,723
2022 1,839   1,839   2,717
2021 4,260   4,260   2,069
Prior 1,060   1,060   603
Revolving Loans and Leases 0   0   0
Total gross loans and leases 13,275   13,275   14,803
National Lending | Lease financing | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   138
2021 2   2   31
Prior 39   39   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 41   41   169
National Lending | Lease financing | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 18,454   18,454   46,720
2024 38,916   38,916   59,329
2023 47,835   47,835   15,955
2022 10,836   10,836   16,220
2021 9,679   9,679   11,574
Prior 9,136   9,136   2,376
Revolving Loans and Leases 0   0   0
Total gross loans and leases 134,856   134,856   152,174
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     16   0
2022, Writeoffs     0   207
2021, Writeoffs     1,005   80
Prior, Writeoffs     61   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     1,082   287
National Lending | Insurance premium finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs   295 93 660  
National Lending | Insurance premium finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025, Writeoffs     0   86
2024, Writeoffs     62   890
2023, Writeoffs     31   173
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     93   1,149
National Lending | SBA/USDA          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 609 0 906 0  
National Lending | SBA/USDA | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 100,469   100,469   60,636
2024 102,236   102,236   171,136
2023 172,239   172,239   179,490
2022 161,572   161,572   20,825
2021 18,827   18,827   28,588
Prior 48,008   48,008   39,319
Revolving Loans and Leases 0   0   0
Total gross loans and leases 603,351   603,351   499,994
National Lending | SBA/USDA | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 903   903   5,244
2024 6,218   6,218   6,967
2023 118   118   0
2022 9,791   9,791   639
2021 1,000   1,000   10
Prior 12,955   12,955   3,026
Revolving Loans and Leases 0   0   0
Total gross loans and leases 30,985   30,985   15,886
National Lending | SBA/USDA | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 2,548   2,548   156
2021 482   482   0
Prior 1,787   1,787   363
Revolving Loans and Leases 0   0   0
Total gross loans and leases 4,817   4,817   519
National Lending | SBA/USDA | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 70   70   1,037
2024 2,291   2,291   15,923
2023 18,115   18,115   12,158
2022 14,042   14,042   2,003
2021 2,875   2,875   9,519
Prior 24,546   24,546   11,134
Revolving Loans and Leases 0   0   0
Total gross loans and leases 61,939   61,939   51,774
National Lending | SBA/USDA | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   185
2023 376   376   55
2022 55   55   55
2021 55   55   62
Prior 158   158   98
Revolving Loans and Leases 0   0   0
Total gross loans and leases 644   644   455
National Lending | SBA/USDA | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 101,442   101,442   66,917
2024 110,745   110,745   194,211
2023 190,848   190,848   191,703
2022 188,008   188,008   23,678
2021 23,239   23,239   38,179
Prior 87,454   87,454   53,940
Revolving Loans and Leases 0   0   0
Total gross loans and leases 701,736   701,736   568,628
2025, Writeoffs     0   0
2024, Writeoffs     0   549
2023, Writeoffs     171   79
2022, Writeoffs     0   0
2021, Writeoffs     0   127
Prior, Writeoffs     735   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     906   755
National Lending | Other commercial finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 0 0 0  
National Lending | Other commercial finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 625   625   73,330
2024 62,895   62,895   2,210
2023 2,150   2,150   6,685
2022 127   127   12,351
2021 12,181   12,181   1,274
Prior 66,083   66,083   70,203
Revolving Loans and Leases 0   0   0
Total gross loans and leases 144,061   144,061   166,053
National Lending | Other commercial finance | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   2,480
2023 2,447   2,447   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 2,447   2,447   2,480
National Lending | Other commercial finance | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   508
2023 479   479   0
2022 0   0   16,923
2021 7,741   7,741   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 8,220   8,220   17,431
National Lending | Other commercial finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 625   625   73,330
2024 62,895   62,895   5,198
2023 5,076   5,076   6,685
2022 127   127   29,274
2021 19,922   19,922   1,274
Prior 66,083   66,083   70,203
Revolving Loans and Leases 0   0   0
Total gross loans and leases 154,728   154,728   185,964
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     0   0
National Lending | Warehouse finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 $ 0 0 $ 0  
National Lending | Warehouse finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 643,124   643,124   517,847
Total gross loans and leases 643,124   643,124   517,847
National Lending | Warehouse finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2025 0   0   0
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
Prior 0   0   0
Revolving Loans and Leases 643,124   643,124   517,847
Total gross loans and leases $ 643,124   643,124   517,847
2025, Writeoffs     0   0
2024, Writeoffs     0   0
2023, Writeoffs     0   0
2022, Writeoffs     0   0
2021, Writeoffs     0   0
Prior, Writeoffs     0   0
Revolving Loans and Leases, Writeoffs     0   0
Total, Writeoffs     $ 0   $ 0
v3.25.2
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 4,464,870 $ 4,075,195
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,515,821 4,762,759
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,470,054 4,071,071
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 45,767 691,688
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,766,432 1,554,641
Accruing and Nonaccruing Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 542,483 471,897
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 224,520 362,295
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 134,856 152,174
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 701,736 568,628
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 154,728 185,964
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,524,755 3,295,599
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 246,202 248,800
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 55,973 8,825
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 643,124 517,847
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 46,119 29,609
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 46,119 27,343
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 2,266
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 23,308 19,776
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 13,318 3,605
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,535 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 41,161 23,381
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,922 3,962
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,036 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,702 12,218
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,702 10,857
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,361
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,380 5,124
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 468 1,595
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,085 952
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 14,933 7,671
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,769 3,186
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 20,671 32,811
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 20,671 31,761
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,050
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 10,724 17,694
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,159 109
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,390 2,172
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 18,273 19,975
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,398 3,053
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,733
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 84,492 74,638
Accruing and Nonaccruing Loans and Leases | Total Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 84,492 69,961
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 4,677
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,412 42,594
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,945 5,309
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 13,010 3,124
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 74,367 51,027
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,089 10,201
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,036 8,733
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Current    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,431,329 4,688,121
Accruing and Nonaccruing Loans and Leases | Current | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,385,562 4,001,110
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 45,767 687,011
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,723,020 1,512,047
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 542,483 471,897
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 224,520 362,295
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 116,911 146,865
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 688,726 565,504
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 154,728 185,964
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,450,388 3,244,572
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 237,113 238,599
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 54,937 92
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 643,124 517,847
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 39,806 41,562
Nonaccrual Balance 36,049 26,412
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 39,806 40,512
Nonaccrual Balance 36,049 26,412
Nonperforming Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,050
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 23,087 25,385
Nonaccrual Balance 23,080 23,462
Nonperforming Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 719 0
Nonaccrual Balance 719 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,613 29
Nonaccrual Balance 1,613 29
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,689 806
Nonaccrual Balance 4,689 746
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7,300 2,506
Nonaccrual Balance 5,948 2,175
Nonperforming Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 37,408 28,726
Nonaccrual Balance 36,049 26,412
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,398 3,053
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,733
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,757 15,150
Nonperforming Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,757 14,100
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 1,050
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7 1,923
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 60
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,352 331
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,359 2,314
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,398 3,053
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,733
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 0 $ 0
v3.25.2
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Financing Receivable, Nonaccrual [Line Items]    
Total gross loans and leases $ 4,464,870 $ 4,075,195
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 4,574 4,748
2023 5,016 5,435
2022 4,970 1,487
2021 15,123 1,369
Prior 4,034 4,063
Revolving Loans and Leases 2,332 29
Total gross loans and leases 36,049 26,412
Nonaccrual with No ACL 12,246 3,260
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 1,027 3,433
2023 3,058 5,369
2022 4,559 1,386
2021 11,552 625
Prior 2,884 3,368
Revolving Loans and Leases 0 0
Total gross loans and leases 23,080 23,462
Nonaccrual with No ACL 8,109 2,579
Nonaccrual Loans | National Lending | Asset-based lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0  
2024 0  
2023 0  
2022 0  
2021 0  
Prior 0  
Revolving Loans and Leases 719  
Total gross loans and leases 719  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | Factoring    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 0
2023 0 0
2022 0 0
2021 0 0
Prior 0 0
Revolving Loans and Leases 1,613 29
Total gross loans and leases 1,613 29
Nonaccrual with No ACL 0 0
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 577
2023 454 11
2022 0 46
2021 3,488 2
Prior 747 110
Revolving Loans and Leases 0 0
Total gross loans and leases 4,689 746
Nonaccrual with No ACL 4,137 0
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 3,547 738
2023 1,504 55
2022 411 55
2021 83 742
Prior 403 585
Revolving Loans and Leases 0 0
Total gross loans and leases 5,948 2,175
Nonaccrual with No ACL 0 681
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 4,574 4,748
2023 5,016 5,435
2022 4,970 1,487
2021 15,123 1,369
Prior 4,034 4,063
Revolving Loans and Leases 2,332 29
Total gross loans and leases 36,049 26,412
Nonaccrual with No ACL 12,246 3,260
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2025 266 10,500
2024 896 2,481
2023 2,389 1,073
2022 190 809
2021 9 275
Prior 7 12
Revolving Loans and Leases 0 0
Total gross loans and leases 3,757 15,150
90 or More Days Delinquent and Accruing | Total loans and leases held for investment    
Financing Receivable, Nonaccrual [Line Items]    
2025 266 9,469
2024 896 2,462
2023 2,389 1,073
2022 190 809
2021 9 275
Prior 7 12
Revolving Loans and Leases 0 0
Total gross loans and leases 3,757 14,100
90 or More Days Delinquent and Accruing | National Lending | Loans held for sale    
Financing Receivable, Nonaccrual [Line Items]    
2025   1,031
2024   19
2023   0
2022   0
2021   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   1,050
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 621
2023 0 354
2022 0 719
2021 0 217
Prior 7 12
Revolving Loans and Leases 0 0
Total gross loans and leases 7 1,923
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2025   0
2024   0
2023   0
2022   2
2021   58
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   60
90 or More Days Delinquent and Accruing | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 0
2023 1,352 331
2022 0 0
2021 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 1,352 331
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 621
2023 1,352 685
2022 0 721
2021 0 275
Prior 7 12
Revolving Loans and Leases 0 0
Total gross loans and leases 1,359 2,314
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 266 736
2024 896 1,841
2023 1,037 388
2022 190 88
2021 9 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases $ 2,398 3,053
90 or More Days Delinquent and Accruing | National Lending | Tax services    
Financing Receivable, Nonaccrual [Line Items]    
2025   8,733
2024   0
2023   0
2022   0
2021   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   $ 8,733
v3.25.2
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - National Lending - Commercial finance - USD ($)
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs subsequent default, recorded investment $ 6,100,000 $ 0
60-89 Days Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs subsequent default, recorded investment $ 0  
v3.25.2
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Basic income per common share:        
Net income attributable to Pathward Financial, Inc. $ 74,957 $ 69,918 $ 104,923 $ 104,817
Dividends and undistributed earnings allocated to participating securities (264) (562) (402) (839)
Basic net earnings available to common stockholders 74,693 69,356 104,521 103,978
Undistributed earnings allocated to nonvested restricted stockholders 260 552 393 819
Reallocation of undistributed earnings to nonvested restricted stockholders (259) (551) (392) (818)
Diluted net earnings available to common stockholders $ 74,694 $ 69,357 $ 104,522 $ 103,979
Total weighted-average basic common shares outstanding (in shares) 23,657,145 25,281,743 23,941,980 25,529,186
Effect of dilutive securities        
Total effect of dilutive securities (in shares) 118,878 29,401 97,040 26,470
Total weighted-average diluted common shares outstanding (in shares) 23,776,023 25,311,144 24,039,020 25,555,656
Net earnings per common share:        
Basic earnings per common share (in dollars per share) $ 3.16 $ 2.74 $ 4.37 $ 4.07
Diluted earnings per common share (in dollars per share) $ 3.14 $ 2.74 $ 4.35 $ 4.07
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 83,665 204,877 92,172 206,060
PSUs        
Effect of dilutive securities        
Performance share units (in shares) 118,878 29,401 97,040 26,470
v3.25.2
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Property, Plant and Equipment [Line Items]    
Total $ 337,925 $ 329,279
Accumulated depreciation (136,665) (124,987)
Unamortized initial direct costs 934 1,047
Net book value 202,194 205,339
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 12,254 21,308
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 152,871 140,920
Other furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 38,836 38,755
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 133,964 $ 128,296
v3.25.2
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2025 $ 21,322
2026 36,044
2027 27,855
2028 19,116
2029 13,262
Thereafter 6,366
Total $ 123,965
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]        
Total goodwill $ 297,928,000 $ 309,505,000 $ 309,505,000 $ 309,505,000
Impairment expense $ 0 $ 0    
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details)
$ in Thousands
 6 Months Ended
Mar. 31, 2025
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 309,505
Divestiture (11,577)
Ending balance 297,928
Consumer  
Goodwill [Roll Forward]  
Beginning balance 87,145
Divestiture 0
Ending balance 87,145
Commercial  
Goodwill [Roll Forward]  
Beginning balance 222,360
Divestiture (11,577)
Ending balance 210,783
Corporate Services/Other  
Goodwill [Roll Forward]  
Beginning balance 0
Divestiture 0
Ending balance $ 0
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 16,589 $ 20,720
Amortization during the period $ (1,082) $ (1,240) (1,894) (2,224)
Write-offs and disposals during the period     (631)  
Ending Balance 14,064 18,496 14,064 18,496
Gross carrying amount 92,145 99,451 92,145 99,451
Accumulated amortization (67,010) (69,818) (67,010) (69,818)
Accumulated impairment (11,071) (11,137) (11,071) (11,137)
Total anticipated intangible amortization 14,064 18,496 14,064 18,496
Trademark        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     6,422 7,477
Amortization during the period     (538) (527)
Write-offs and disposals during the period     0  
Ending Balance 5,884 6,950 5,884 6,950
Gross carrying amount 13,774 13,774 13,774 13,774
Accumulated amortization (7,890) (6,824) (7,890) (6,824)
Accumulated impairment 0 0 0 0
Total anticipated intangible amortization $ 5,884 6,950 $ 5,884 6,950
Trademark | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 5 years   5 years  
Trademark | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 15 years   15 years  
Non-Compete        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 0 0
Amortization during the period     0 0
Write-offs and disposals during the period     0  
Ending Balance $ 0 0 0 0
Gross carrying amount 301 301 301 301
Accumulated amortization (301) (301) (301) (301)
Accumulated impairment 0 0 0 0
Total anticipated intangible amortization 0 0 0 0
Customer Relationships        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     6,566 9,110
Amortization during the period     (1,064) (1,431)
Write-offs and disposals during the period     (631)  
Ending Balance 4,871 7,679 4,871 7,679
Gross carrying amount 70,338 77,578 70,338 77,578
Accumulated amortization (54,549) (58,981) (54,549) (58,981)
Accumulated impairment (10,918) (10,918) (10,918) (10,918)
Total anticipated intangible amortization $ 4,871 7,679 $ 4,871 7,679
Customer Relationships | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 10 years   10 years  
Customer Relationships | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 30 years   30 years  
All Others        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 3,601 4,133
Amortization during the period     (292) (266)
Write-offs and disposals during the period     0  
Ending Balance $ 3,309 3,867 3,309 3,867
Gross carrying amount 7,732 7,798 7,732 7,798
Accumulated amortization (4,270) (3,712) (4,270) (3,712)
Accumulated impairment (153) (219) (153) (219)
Total anticipated intangible amortization $ 3,309 $ 3,867 $ 3,309 $ 3,867
All Others | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 3 years   3 years  
All Others | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 20 years   20 years  
v3.25.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2025 $ 1,562      
2026 3,103      
2027 2,483      
2028 2,194      
2029 1,581      
Thereafter 3,141      
Total anticipated intangible amortization $ 14,064 $ 16,589 $ 18,496 $ 20,720
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details)
$ in Thousands
 6 Months Ended
Mar. 31, 2025
USD ($)
office
Sep. 30, 2024
USD ($)
Leases [Abstract]    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating lease, right-of-use asset $ 24,100 $ 24,400
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 25,249 $ 26,000
Lease ROU assets and liabilities, number of office locations | office 2  
Gain (loss) on remeasurement of ROU asset depleted $ 500  
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Leases [Abstract]    
Remaining in 2025 $ 1,822  
2026 3,391  
2027 3,306  
2028 3,397  
2029 3,436  
Thereafter 13,107  
Total undiscounted future minimum lease payments 28,459  
Discount (3,210)  
Total operating lease liabilities $ 25,249 $ 26,000
v3.25.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Leases [Abstract]          
Weighted-average discount rate 2.67%   2.67%   2.45%
Weighted-average remaining lease term (years) 8 years 4 months 28 days   8 years 4 months 28 days   8 years 9 months 10 days
Lease expense $ 998 $ 992 $ 1,917 $ 2,017  
Short-term and variable lease cost 23 30 44 23  
Sublease income (351) (269) (703) (639)  
Total lease cost for operating leases $ 670 $ 753 $ 1,258 $ 1,401  
v3.25.2
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Aug. 25, 2023
Sep. 03, 2021
Equity, Class of Treasury Stock [Line Items]          
Stock repurchased during the period (in shares) 66,446 122,452      
Stock repurchased during the period, value $ 4.6 $ 5.8      
Retired common stock held in treasury (in shares) 0 0      
Common Stock          
Equity, Class of Treasury Stock [Line Items]          
Shares authorized to be repurchased (in shares)     146,435   6,000,000
Additional shares authorized to be repurchased (in shares)       7,000,000  
Stock repurchased under repurchase program (in shares) 1,277,664 996,773      
Remaining number of shares authorized to be repurchased (in shares) 5,722,336        
v3.25.2
STOCK COMPENSATION - Narrative (Details)
$ in Millions
 6 Months Ended
Mar. 31, 2025
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 8 years
Stock based compensation expense not yet recognized in income | $ $ 11.7
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 9 months 10 days
Restricted Stock Awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 3 years
Restricted Stock Awards | Director  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 1 year
Performance Share Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 3 years
Shares issuable upon vesting (in shares) | shares 1
Performance Share Units | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Payout levels percentage 50.00%
Performance Share Units | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Payout levels percentage 200.00%
v3.25.2
STOCK COMPENSATION - Share Activity (Details)
 6 Months Ended
Mar. 31, 2025
$ / shares
shares
Restricted Stock Awards  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 248,670
Granted (in shares) | shares 15,600
Vested (in shares) | shares (179,669)
Forfeited or expired (in shares) | shares (1,055)
Nonvested shares outstanding, end of period (in shares) | shares 83,546
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 41.19
Granted (in dollars per share) | $ / shares 77.42
Vested (in dollars per share) | $ / shares 41.24
Forfeited or expired (in dollars per share) | $ / shares 50.15
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 47.75
Restricted Stock Units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 0
Granted (in shares) | shares 86,200
Vested (in shares) | shares 0
Forfeited or expired (in shares) | shares (572)
Nonvested shares outstanding, end of period (in shares) | shares 85,628
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 0
Granted (in dollars per share) | $ / shares 79.51
Vested (in dollars per share) | $ / shares 0
Forfeited or expired (in dollars per share) | $ / shares 79.63
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 79.51
PSUs  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 142,462
Granted (in shares) | shares 34,208
Vested (in shares) | shares (34,304)
Forfeited or expired (in shares) | shares 0
Nonvested shares outstanding, end of period (in shares) | shares 142,366
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 47.24
Granted (in dollars per share) | $ / shares 79.47
Vested (in dollars per share) | $ / shares 57.21
Forfeited or expired (in dollars per share) | $ / shares 0
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 52.59
v3.25.2
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Tax Disclosure [Abstract]        
Income tax expense $ 16,166 $ 16,926 $ 22,171 $ 24,623
Effective tax rate     17.38% 18.95%
v3.25.2
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Tax Disclosure [Abstract]        
Provision at statutory rate     $ 26,690 $ 27,183
Tax-exempt income     (319) (341)
State income taxes     4,773 5,172
Interim period effective rate adjustment     (4,375) 4,351
Tax credit investments, net - federal     (3,694) (11,363)
IRC 162(m) nondeductible compensation     605 340
Other, net     (1,509) (719)
Income tax expense $ 16,166 $ 16,926 $ 22,171 $ 24,623
Effective tax rate     17.38% 18.95%
v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]        
Net interest income $ 136,279 $ 128,634 $ 261,528 $ 247,561
(Loss) on sale of securities (7,228) 0 (22,899) 0
Gain (loss) on divestitures (1,360) 0 15,044 0
Secondary market revenue 15,378 1,401 19,755 1,370
Gain (loss) on sale of other 627 294 1,614 3,165
Other income 5,866 6,044 13,438 11,223
Noninterest income 138,524 128,945 195,902 181,706
Revenue 274,803 257,579 457,430 429,267
Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 32,663 28,942 33,073 29,364
Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 48,585 43,200 49,110 43,311
Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 30,793 35,344 59,859 66,094
Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 13,200 13,720 26,908 27,179
Consumer        
Disaggregation of Revenue [Line Items]        
Net interest income 75,633 67,280 156,694 136,202
(Loss) on sale of securities 0 0 0 0
Gain (loss) on divestitures 0 0 0 0
Secondary market revenue (25) 16 15 (15)
Gain (loss) on sale of other 0 0 0 0
Other income 2,221 2,432 6,020 4,210
Noninterest income 114,027 109,687 147,629 142,474
Revenue 189,660 176,967 304,323 278,676
Consumer | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 32,663 28,942 33,073 29,364
Consumer | Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 48,585 43,200 49,110 43,311
Consumer | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 30,583 35,097 59,411 65,604
Consumer | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial        
Disaggregation of Revenue [Line Items]        
Net interest income 41,987 44,493 85,280 89,699
(Loss) on sale of securities 0 0 0 0
Gain (loss) on divestitures 0 0 0 0
Secondary market revenue 2,074 1,385 6,412 1,385
Gain (loss) on sale of other 627 222 1,158 584
Other income 2,225 2,307 4,855 4,473
Noninterest income 18,118 17,749 39,357 33,748
Revenue 60,105 62,242 124,637 123,447
Commercial | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial | Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 202 241 434 477
Commercial | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 12,990 13,594 26,498 26,829
Corporate Services/Other        
Disaggregation of Revenue [Line Items]        
Net interest income 18,659 16,861 19,554 21,660
(Loss) on sale of securities (7,228) 0 (22,899) 0
Gain (loss) on divestitures (1,360) 0 15,044 0
Secondary market revenue 13,329 0 13,328 0
Gain (loss) on sale of other 0 72 456 2,581
Other income 1,420 1,305 2,563 2,540
Noninterest income 6,379 1,509 8,916 5,484
Revenue 25,038 18,370 28,470 27,144
Corporate Services/Other | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Corporate Services/Other | Refund advance and other tax fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Corporate Services/Other | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 8 6 14 13
Corporate Services/Other | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: $ 210 $ 126 $ 410 $ 350
v3.25.2
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2025
USD ($)
segment
Mar. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Segment Reporting Information [Line Items]            
Number of reportable segments | segment     3      
Segment data [Abstract]            
Net interest income $ 136,279 $ 128,634 $ 261,528 $ 247,561    
Provision for credit loss 35,266 29,744 53,927 37,502    
Noninterest income 138,524 128,945 195,902 181,706    
Noninterest expense 148,177 140,742 275,973 261,819    
Income before income tax expense 91,360 87,093 127,530 129,946    
Total assets 6,994,786 7,416,809 6,994,786 7,416,809 $ 7,532,017  
Total goodwill 297,928 309,505 297,928 309,505 309,505 $ 309,505
Total deposits 5,819,209 6,368,344 5,819,209 6,368,344    
Consumer            
Segment data [Abstract]            
Net interest income 75,633 67,280 156,694 136,202    
Provision for credit loss 31,739 29,144 42,463 30,466    
Noninterest income 114,027 109,687 147,629 142,474    
Noninterest expense 66,948 59,763 120,327 111,579    
Income before income tax expense 90,973 88,060 141,533 136,631    
Total assets 431,962 463,212 431,962 463,212    
Total goodwill 87,145 87,145 87,145 87,145 87,145 87,145
Total deposits 5,633,529 6,063,339 5,633,529 6,063,339    
Commercial            
Segment data [Abstract]            
Net interest income 41,987 44,493 85,280 89,699    
Provision for credit loss 3,508 555 11,339 7,018    
Noninterest income 18,118 17,749 39,357 33,748    
Noninterest expense 33,601 38,130 66,366 72,986    
Income before income tax expense 22,996 23,557 46,932 43,443    
Total assets 3,975,353 4,127,524 3,975,353 4,127,524    
Total goodwill 210,783 222,360 210,783 222,360 222,360 222,360
Total deposits 140 7,143 140 7,143    
Corporate Services/Other            
Segment data [Abstract]            
Net interest income 18,659 16,861 19,554 21,660    
Provision for credit loss 19 45 125 18    
Noninterest income 6,379 1,509 8,916 5,484    
Noninterest expense 47,628 42,849 89,280 77,254    
Income before income tax expense (22,609) (24,524) (60,935) (50,128)    
Total assets 2,587,471 2,826,073 2,587,471 2,826,073    
Total goodwill 0 0 0 0 $ 0 $ 0
Total deposits $ 185,540 $ 297,862 $ 185,540 $ 297,862    
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 3,569 3,303
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,411,520 1,741,221
Common equities and mutual funds 0 0
Level 3    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Recurring    
Available-for-sale debt securities [Abstract]    
Corporate securities 21,125 19,750
SBA securities 11,914 81,935
Obligations of states and political subdivisions 200 480
Non-bank qualified obligations of states and political subdivisions 192,002 217,990
Asset-backed securities 157,261 189,698
Mortgage-backed securities 1,029,018 1,231,368
Total debt securities AFS 1,411,520 1,741,221
Common equities and mutual funds 3,569 3,303
Non-marketable equity securities 12,829 11,828
Recurring | Level 1    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 3,569 3,303
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 21,125 19,750
SBA securities 11,914 81,935
Obligations of states and political subdivisions 200 480
Non-bank qualified obligations of states and political subdivisions 192,002 217,990
Asset-backed securities 157,261 189,698
Mortgage-backed securities 1,029,018 1,231,368
Total debt securities AFS 1,411,520 1,741,221
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Recurring | Level 3    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities $ 0 $ 0
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 3.00%  
Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 28.00%  
Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 0 $ 0
Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 4,418,831 4,036,490
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,900 7,652
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach | Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 3.00%  
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach | Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 28.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,900 7,652
Nonrecurring | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,900 7,652
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,900 7,652
Nonrecurring | Commercial finance | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,900 7,652
Nonrecurring | Total loans and leases, net individually evaluated for credit loss    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,900 7,652
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,900 $ 7,652
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Financial assets    
Debt securities held to maturity $ 26,492 $ 30,236
Level 1    
Financial assets    
Cash and cash equivalents 254,249 158,337
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 3,569 3,303
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 0 0
Accrued interest receivable 37,081 31,385
Financial liabilities    
Deposits 5,814,996 5,845,879
Overnight federal funds purchased   377,000
Other short- and long-term borrowings 0 0
Accrued interest payable 183 571
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,411,520 1,741,221
Debt securities held to maturity 26,492 30,236
Common equities and mutual funds 0 0
Non-marketable equity securities 9,699 9,522
Loans held for sale 45,767 691,688
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 24,276 36,014
Accrued interest receivable 0 0
Financial liabilities    
Deposits 4,122 29,115
Overnight federal funds purchased   0
Other short- and long-term borrowings 32,977 31,787
Accrued interest payable 0 0
Level 3    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 4,418,831 4,036,490
Federal Reserve Bank and Federal Home Loan Bank stocks 0 0
Accrued interest receivable 0 0
Financial liabilities    
Deposits 0 0
Overnight federal funds purchased   0
Other short- and long-term borrowings 0 0
Accrued interest payable 0 0
Carrying Amount    
Financial assets    
Cash and cash equivalents 254,249 158,337
Debt securities available for sale 1,411,520 1,741,221
Debt securities held to maturity 31,335 33,092
Common equities and mutual funds 3,569 3,303
Non-marketable equity securities 22,528 21,350
Loans held for sale 45,767 691,688
Loans and leases 4,470,054 4,071,071
Federal Reserve Bank and Federal Home Loan Bank stocks 24,276 36,014
Accrued interest receivable 37,081 31,385
Financial liabilities    
Deposits 5,819,209 5,875,085
Overnight federal funds purchased   377,000
Other short- and long-term borrowings 33,405 33,354
Accrued interest payable 183 571
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 254,249 158,337
Debt securities available for sale 1,411,520 1,741,221
Debt securities held to maturity 26,492 30,236
Common equities and mutual funds 3,569 3,303
Non-marketable equity securities 22,528 21,350
Loans held for sale 45,767 691,688
Loans and leases 4,418,831 4,036,490
Federal Reserve Bank and Federal Home Loan Bank stocks 24,276 36,014
Accrued interest receivable 37,081 31,385
Financial liabilities    
Deposits 5,819,118 5,874,994
Overnight federal funds purchased   377,000
Other short- and long-term borrowings 32,977 31,787
Accrued interest payable $ 183 $ 571