PATHWARD FINANCIAL, INC., 10-Q filed on 2/6/2025
Quarterly Report
v3.25.0.1
Cover Page - shares
 3 Months Ended
Dec. 31, 2024
Jan. 29, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Dec. 31, 2024  
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, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   23,845,526
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.25.0.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 597,396 $ 158,337
Securities available for sale, at fair value 1,480,090 1,741,221
Securities held to maturity, at amortized cost (fair value $27,431 and $30,236, respectively) 32,001 33,092
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 24,454 36,014
Loans held for sale 72,648 688,870
Loans and leases 4,562,681 4,075,195
Allowance for credit losses (48,977) (45,336)
Accrued interest receivable 35,279 31,385
Premises, furniture, and equipment, net 38,263 39,055
Rental equipment, net 206,754 205,339
Goodwill and intangible assets 313,074 326,094
Other assets 308,679 260,070
Total assets 7,622,342 7,549,336
LIABILITIES    
Deposits 6,518,953 5,875,085
Short-term borrowings 0 377,000
Long-term borrowings 33,380 33,354
Accrued expenses and other liabilities 293,579 424,292
Total liabilities 6,845,912 6,709,731
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2024 and September 30, 2024, respectively 0 0
Additional paid-in capital 640,422 638,803
Retained earnings 332,322 354,474
Accumulated other comprehensive loss (190,917) (153,394)
Treasury stock, at cost, 70,215 and 3,769 common shares at December 31, 2024 and September 30, 2024, respectively (4,882) (249)
Total equity attributable to parent 777,186 839,882
Noncontrolling interest (756) (277)
Total stockholders’ equity 776,430 839,605
Total liabilities and stockholders’ equity 7,622,342 7,549,336
Common stock, $0.01 par value; 90,000,000 shares authorized, 24,189,631 and 24,851,122 shares issued, 24,119,416 and 24,847,353 shares outstanding at December 31, 2024 and September 30, 2024, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 241 248
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2024 and September 30, 2024, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.25.0.1
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 27,431 $ 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) 24,189,631 24,851,122
Common stock, shares outstanding (in shares) 24,119,416 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
v3.25.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income:    
Loans and leases, including fees $ 102,731 $ 94,963
Mortgage-backed securities 8,986 10,049
Other investments 7,522 10,886
Total interest and dividend income 119,239 115,898
Interest expense:    
Deposits 775 3,526
FHLB advances and other borrowings 2,331 2,336
Total interest expense 3,106 5,862
Net interest income 116,133 110,036
Provision for credit loss 12,032 9,890
Net interest income after provision for credit loss 104,101 100,146
Noninterest income:    
(Loss) on sale of securities (15,671) 0
Gain on divestitures 16,404 0
Gain (loss) on sale of loans and leases 4,378 (31)
Gain on sale of other 987 2,871
Other income 7,637 5,179
Noninterest income 57,378 52,761
Noninterest expense:    
Compensation and benefits 49,292 46,652
Refund transfer product expense 108 192
Refund advance expense 34 30
Card processing 33,314 34,584
Occupancy and equipment expense 9,706 8,848
Operating lease equipment depreciation 11,426 10,423
Legal and consulting 5,225 4,892
Intangible amortization 812 984
Other expense 13,642 12,669
Total noninterest expense 123,559 119,274
Income before income tax expense 37,920 33,633
Income tax expense 6,294 5,719
Net income before noncontrolling interest 31,626 27,914
Net income attributable to noncontrolling interest 199 257
Net income attributable to parent $ 31,427 $ 27,657
Earnings per common share:    
Basic (in dollars per share) $ 1.29 $ 1.06
Diluted (in dollars per share) $ 1.29 $ 1.06
Refund transfer product fees    
Noninterest income:    
Noninterest income: $ 410 $ 422
Refund advance fee income    
Noninterest income:    
Noninterest income: 459 111
Card and deposit fees    
Noninterest income:    
Noninterest income: 29,066 30,750
Rental income    
Noninterest income:    
Noninterest income: $ 13,708 $ 13,459
v3.25.0.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net income before noncontrolling interest $ 31,626 $ 27,914
Other comprehensive income (loss):    
Change in net unrealized gain (loss) on debt securities (62,340) 88,535
Net loss realized on investment securities 15,671 0
Total (46,669) 88,535
Unrealized gain (loss) on currency translation (2,017) 618
Deferred income tax effect (11,163) 22,143
Total other comprehensive income (loss) (37,523) 67,010
Total comprehensive income (loss) (5,897) 94,924
Total comprehensive income attributable to noncontrolling interest 199 257
Comprehensive income (loss) attributable to parent $ (6,096) $ 94,667
v3.25.0.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - 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 $ 650,625 $ 651,630 $ 262 $ 628,500 $ 278,655 $ (255,443) $ (344) $ (1,005)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,299) (1,299)     (1,299)      
Issuance of common stock due to restricted stock 1 1 1          
Repurchases of common stock (15,918) (15,918) (3) 3 (11,027)   (4,891)  
Stock compensation 1,234 1,234   1,234        
Total other comprehensive income (loss) 67,010 67,010       67,010    
Joint venture membership interest divestiture (523) (523)     (523)      
Net income 27,914 27,657     27,657     257
Net distribution to noncontrolling interest 238             238
Ending Balance at Dec. 31, 2023 729,282 729,792 260 629,737 293,463 (188,433) (5,235) (510)
Beginning Balance at Sep. 30, 2024 839,605 839,882 248 638,803 354,474 (153,394) (249) (277)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,202) (1,202)     (1,202)      
Repurchases of common stock (57,010) (57,010) (7) 7 (52,377)   (4,633)  
Stock compensation 1,612 1,612   1,612        
Total other comprehensive income (loss) (37,523) (37,523)       (37,523)    
Net income 31,626 31,427     31,427     199
Net distribution to noncontrolling interest (678)             (678)
Ending Balance at Dec. 31, 2024 $ 776,430 $ 777,186 $ 241 $ 640,422 $ 332,322 $ (190,917) $ (4,882) $ (756)
v3.25.0.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]    
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05
v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income before noncontrolling interest $ 31,626 $ 27,914
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,918 14,689
Provision for credit loss 12,032 9,890
Provision for deferred taxes 2,157 1,162
Originations of loans held for sale (853,109) (631,905)
Proceeds from sales of loans held for sale 618,432 626,336
Net change in loans held for sale 264,136 13,829
Net realized (gain) loss on loans held for sale (4,378) 31
Net realized loss on securities available for sale 15,671 0
Net realized (gain) on divestitures (16,404) 0
Net realized (gain) on other (987) (2,871)
Net change in accrued interest receivable (3,894) (3,798)
Net change in other assets (30,339) (14,344)
Net change in accrued expenses and other liabilities (128,088) (19,723)
Stock compensation 1,612 1,234
Net cash provided by (used in) operating activities (76,615) 22,444
Cash flows from investing activities:    
Purchases of securities available for sale (1,168) 0
Proceeds from sales of securities available for sale 160,135 0
Proceeds from maturities of and principal collected on securities available for sale 39,727 41,936
Proceeds from maturities of and principal collected on securities held to maturity 1,038 1,093
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (90,725) (91,130)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 102,285 95,647
Purchases of loans and leases (139,359) (89,390)
Net change in loans and leases (325,766) 98,895
Purchases of premises, furniture, and equipment (2,087) (1,885)
Purchases of rental equipment (52,790) (106,160)
Proceeds from sales of rental equipment 5,591 3,373
Net change in rental equipment 118 (79)
Proceeds from divestitures, net of transaction costs 600,232 0
Proceeds from sale of other assets 408 4,077
Net cash provided by (used in) investing activities 297,639 (43,623)
Cash flows from financing activities:    
Net change in deposits 655,942 346,873
Net change in short-term borrowings (377,000) (13,000)
Principal payments on other liabilities 0 (284)
Dividends paid on common stock (1,202) (1,299)
Issuance of common stock due to restricted stock 0 1
Repurchases of common stock (57,010) (15,918)
Investment by (distributions to) noncontrolling interest (678) 238
Net cash provided by financing activities 220,052 316,611
Effect of exchange rate changes on cash (2,017) 618
Net change in cash and cash equivalents 439,059 296,050
Cash and cash equivalents at beginning of fiscal year 158,337 375,580
Cash and cash equivalents at end of fiscal period 597,396 671,630
Supplemental disclosure of cash flow information:    
Interest 2,906 4,168
Income taxes 1,407 641
Franchise and other taxes 76 66
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 2,500 0
Loans and leases to rental equipment 1,604 1,430
Rental equipment to loan and leases 36,263 76,941
Recognition of operating lease ROU assets, net of measurements 0 654
Joint venture membership interest divestiture $ 0 $ 523
v3.25.0.1
BASIS OF PRESENTATION
 3 Months Ended
Dec. 31, 2024
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 filed with the Securities and Exchange Commission (“SEC”) on November 26, 2024. 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 months ended December 31, 2024 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.
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 3 Months Ended
Dec. 31, 2024
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.
v3.25.0.1
DIVESTITURES
 3 Months Ended
Dec. 31, 2024
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)
Assets Purchased and Liabilities Assumed
Cash and cash equivalents$4,686 
Loans594,541 
Premises, furniture, and equipment, net484 
Total assets purchased$599,711 
Deposits$16,760 
Accrued expenses and other liabilities1,158 
Total liabilities assumed$17,918 
Net assets purchased$581,793 
Consideration paid at close603,290 
Consideration due9,703 
Total purchase price612,993 
Premium on transaction31,200 
Other adjustments:
Goodwill derecognition(11,577)
Intangible derecognition(631)
Building lease derecognition471 
Transaction costs(3,059)
Total other adjustments(14,796)
Gain on divestitures$16,404 

The sale resulted in a gain of $16.4 million before tax that was recognized within noninterest income on the Company's Condensed Consolidated Statements of Operations. 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.
v3.25.0.1
SECURITIES
 3 Months Ended
Dec. 31, 2024
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
At December 31, 2024
Corporate securities$25,000 $— $(4,000)$21,000 
SBA securities34,501 — (3,972)30,529 
Obligations of states and political subdivisions200 — — 200 
Non-bank qualified obligations of states and political subdivisions235,137 24 (34,436)200,725 
Asset-backed securities184,645 322 (4,037)180,930 
Mortgage-backed securities1,250,352 — (203,646)1,046,706 
Total debt securities AFS$1,729,835 $346 $(250,091)$1,480,090 
At 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
At December 31, 2024
Non-bank qualified obligations of states and political subdivisions$29,992 $— $(4,297)$25,695 
Mortgage-backed securities2,009 — (273)1,736 
Total debt securities HTM$32,001 $— $(4,570)$27,431 
At 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)$30,236 
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At December 31, 2024
Corporate securities$— $— $21,000 $(4,000)$21,000 $(4,000)
SBA securities— — 30,528 (3,972)30,528 (3,972)
Non-bank qualified obligations of states and political subdivisions— — 198,747 (34,436)198,747 (34,436)
Asset-backed securities48,261 (280)84,879 (3,757)133,140 (4,037)
Mortgage-backed securities15,390 (249)1,031,316 (203,397)1,046,706 (203,646)
Total debt securities AFS$63,651 $(529)$1,366,470 $(249,562)$1,430,121 $(250,091)
At September 30, 2024
Corporate securities$— $— $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 $(203,542)
Debt Securities HTM
At December 31, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $25,695 $(4,297)$25,695 $(4,297)
Mortgage-backed securities— — 1,736 (273)1,736 (273)
Total debt securities HTM$— $— $27,431 $(4,570)$27,431 $(4,570)
At September 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $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 December 31, 2024 to September 30, 2024 was primarily driven by the sale of $160.1 million debt securities AFS and principal pay downs during the three months. The sale of debt securities AFS in the current period stemmed from the close of the commercial insurance premium finance business sale and associated gain that was recognized. Individual securities were identified for sale upon close of the transaction. At December 31, 2024, there were 163 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 December 31, 2024, 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)At December 31, 2024At September 30, 2024
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$200 $199 $1,826 $1,796 
Due after one year through five years6,592 6,372 14,772 14,211 
Due after five years through ten years45,866 39,595 70,894 63,636 
Due after ten years426,825 387,218 463,257 430,210 
479,483 433,384 550,749 509,853 
Mortgage-backed securities1,250,352 1,046,706 1,393,549 1,231,368 
Total debt securities AFS$1,729,835 $1,480,090 $1,944,298 $1,741,221 
Debt Securities HTM
Due after ten years$29,992 $25,695 $31,060 $28,392 
29,992 25,695 31,060 28,392 
Mortgage-backed securities2,009 1,736 2,032 1,844 
Total debt securities HTM$32,001 $27,431 $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 December 31, 2024 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 $4.8 million and $16.3 million at December 31, 2024 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 December 31, 2024 and September 30, 2024, respectively. The Company recognized $0.1 million unrealized losses and $0.1 million unrealized gains on marketable equity securities during the three months ended December 31, 2024 and 2023, respectively. No such securities were sold during the three months ended December 31, 2024.
Non-marketable equity securities with a readily determinable fair value totaled $11.9 million and $11.8 million at December 31, 2024 and September 30, 2024, respectively. These securities are held within other assets on the Condensed Consolidated Statements of Financial Condition. The Company recognized $0.3 million in unrealized gains during the three months ended December 31, 2024 and 2023. No such securities were sold during the three months ended December 31, 2024.

Non-marketable equity securities without readily determinable fair value totaled $14.1 million and $13.6 million at December 31, 2024 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 quarter ended December 31, 2024, the Company recognized a $0.4 million gain on Visa shares, which is included in gain on sale of other on the Condensed Consolidated Statements of Operations, carried at a cost basis of $0. There was no additional such security sold during the three months ended December 31, 2024.

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 three months ended December 31, 2024 and 2023.
v3.25.0.1
LOANS AND LEASES, NET
 3 Months Ended
Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in thousands)December 31, 2024September 30, 2024
Term lending$1,735,539 $1,554,641 
Asset-based lending608,261 471,897 
Factoring364,477 362,295 
Lease financing138,305 152,174 
SBA/USDA595,965 568,628 
Other commercial finance174,097 185,964 
Commercial finance3,616,644 3,295,599 
Consumer finance280,001 248,800 
Tax services45,051 8,825 
Warehouse finance624,251 517,847 
Total loans and leases4,565,947 4,071,071 
Net deferred loan origination costs (fees)(3,266)4,124 
Total gross loans and leases4,562,681 4,075,195 
Allowance for credit losses(48,977)(45,336)
Total loans and leases, net$4,513,704 $4,029,859 

During the three months ended December 31, 2024 and 2023, the Company originated $853.1 million and $631.9 million of commercial finance and consumer finance as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $618.4 million and a $4.4 million gain on sale during the three months ended December 31, 2024. The Company sold held for sale loans resulting in proceeds of $626.3 million and a nominal gain on sale during the three months ended December 31, 2023.

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 December 31,
(Dollars in thousands)20242023
Loans Purchased
Loans held for investment:
Commercial finance$19,540 $— 
Warehouse finance119,819 89,390 
Total purchases$139,359 $89,390 
Loans Sold
Loans held for sale:
Commercial finance$65,802 $3,872 
Consumer finance552,630 622,464 
Total sales$618,432 $626,336 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)December 31, 2024September 30, 2024
Minimum lease payments receivable$147,969 $162,757 
Unguaranteed residual assets8,097 9,300 
Unamortized initial direct costs129 102 
Unearned income(17,726)(19,883)
Total net investment in direct financing and sales-type leases$138,469 $152,276 

The components of total lease income were as follows:
Three Months Ended December 31,
(Dollars in thousands)20242023
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$3,187 $3,108 
Leasing and equipment finance noninterest income
Lease income from operating lease payments13,448 13,255 
Other(1)
1,307 724 
Total leasing and equipment finance noninterest income14,755 13,979 
Total lease income$17,942 $17,087 
(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 December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$43,987 
202642,905 
202728,342 
202816,599 
202910,401 
Thereafter5,735 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases147,969 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$147,969 

The Company did not record any contingent rental income from direct financing and sales-type leases in the three months ended December 31, 2024.

A number of factors that affected the economic environment in 2023 continued throughout 2024 including geopolitical conflict, supply chain disruptions, inflation, and increased interest rates, with the Federal Reserve beginning to lower the target federal funds rate at the end of 2024. The 2023 bank failures that were brought on by, among other things, rising interest rates, deposit outflows and liquidity crises also continued to impact the banking industry. 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:
Three Months Ended December 31, 2024
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$30,394 $7,289 $(8,375)$617 $29,925 
Asset-based lending1,356 406 — — 1,762 
Factoring5,757 (170)(74)252 5,765 
Lease financing1,189 (247)(63)2 881 
Insurance premium finance— 91 (93)2 — 
SBA/USDA3,273 831 (297)— 3,807 
Other commercial finance607 (186)— — 421 
Commercial finance42,576 8,014 (8,902)873 42,561 
Consumer finance2,240 2,792 (33)2 5,001 
Tax services2 1,301 (741)228 790 
Warehouse finance518 107 — — 625 
Total loans and leases45,336 12,214 (9,676)1,103 48,977 
Unfunded commitments(1)
695 (182)— — 513 
Total $46,031 $12,032 $(9,676)$1,103 $49,490 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended December 31, 2023
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$25,686 $5,822 $(5,121)$626 $27,013 
Asset-based lending2,738 (1,510)— 142 1,370 
Factoring6,566 751 (23)139 7,433 
Lease financing3,302 766 (153)93 4,008 
Insurance premium finance2,637 (239)(365)90 2,123 
SBA/USDA2,962 327 — — 3,289 
Other commercial finance3,089 223 — — 3,312 
Commercial finance46,980 6,140 (5,662)1,090 48,548 
Consumer finance2,346 2,097 (63)— 4,380 
Tax services2 1,356 (1,145)294 507 
Warehouse finance377 (27)— — 350 
Total loans and leases49,705 9,566 (6,870)1,384 53,785 
Unfunded commitments(1)
272 324 — — 596 
Total $49,977 $9,890 $(6,870)$1,384 $54,381 
(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)At December 31, 2024At September 30, 2024
Term lending$14,034 $15,491 
Lease financing1,302 5,300 
SBA/USDA680 1,419 
Commercial finance(1)
16,016 22,210 
Total$16,016 $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 $116.4 million and $105.1 million at December 31, 2024 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 $280.0 million and $45.1 million at December 31, 2024, 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
At December 31, 202420252024202320222021Prior
Term lending
Pass$166,954 $579,028 $406,327 $108,421 $73,456 $58,759 $— $1,392,945 
Watch16,193 29,618 35,022 26,480 21,118 12,300 — 140,731 
Special mention1,160 57,525 6,151 8,911 16,720 332 — 90,799 
Substandard8,110 9,337 31,501 22,152 14,933 20,498 — 106,531 
Doubtful— 466 855 1,765 468 979 — 4,533 
Total192,417 675,974 479,856 167,729 126,695 92,868 — 1,735,539 
Current period charge-offs4,385 2,043 1,408 423 85 31 — 8,375 
Asset-based lending
Pass— — — — — — 372,119 372,119 
Watch— — — — — — 213,107 213,107 
Special mention— — — — — — 19,510 19,510 
Substandard— — — — — — 3,525 3,525 
Total— — — — — — 608,261 608,261 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 295,712 295,712 
Watch— — — — — — 63,573 63,573 
Special mention— — — — — — 1,620 1,620 
Substandard— — — — — — 3,553 3,553 
Doubtful— — — — — — 19 19 
Total— — — — — — 364,477 364,477 
Current period charge-offs— — — — — — 74 74 
Lease financing
Pass8,349 41,145 40,805 10,546 7,156 7,854 — 115,855 
Watch— 703 3,046 61 387 1,877 — 6,074 
Special mention— — 235 253 — 177 — 665 
Substandard— — 6,489 2,276 5,758 1,185 — 15,708 
Doubtful— — — — 3 — — 3 
Total8,349 41,848 50,575 13,136 13,304 11,093 — 138,305 
Current period charge-offs— — — 31 32 — — 63 
Insurance premium finance
Current period charge-offs62 31 — — — — — 93 
SBA/USDA
Pass10,265 83,724 169,125 175,510 20,514 65,396 — 524,534 
Watch— 6,218 6,813 2,140 631 3,805 — 19,607 
Special mention— — — — 156 361 — 517 
Substandard— 795 16,859 12,031 1,984 19,369 — 51,038 
Doubtful— — — 55 55 159 — 269 
Total10,265 90,737 192,797 189,736 23,340 89,090 — 595,965 
Current period charge-offs— 171 — — 14 112 — 297 
Other commercial finance
Pass369 71,724 2,180 144 12,234 67,632 — 154,283 
Watch— — 2,466 — — — — 2,466 
Substandard— — 493 — 16,855 — — 17,348 
Total369 71,724 5,139 144 29,089 67,632 — 174,097 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 624,251 624,251 
Total— — — — — — 624,251 624,251 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass185,937 775,621 618,437 294,621 113,360 199,641 1,292,082 3,479,699 
Watch16,193 36,539 47,347 28,681 22,136 17,982 276,680 445,558 
Special mention1,160 57,525 6,386 9,164 16,876 870 21,130 113,111 
Substandard8,110 10,132 55,342 36,459 39,530 41,052 7,078 197,703 
Doubtful— 466 855 1,820 526 1,138 19 4,824 
Total$211,400 $880,283 $728,367 $370,745 $192,428 $260,683 $1,596,989 $4,240,895 
Current period charge-offs$4,447 $2,245 $1,408 $454 $131 $143 $74 $8,902 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At 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:
At December 31, 2024
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
Loans held for sale$— $— $— $— $72,648 $72,648 $— $— $— 
Term lending19,298 4,901 20,122 44,321 1,691,218 1,735,539 5,010 22,226 27,236 
Asset-based lending— — — — 608,261 608,261 — 603 603 
Factoring— — — — 364,477 364,477 — 561 561 
Lease financing4,278 3,878 1,440 9,596 128,709 138,305 59 2,038 2,097 
SBA/USDA1,504 187 1,983 3,674 592,291 595,965 486 1,803 2,289 
Other commercial finance— — — — 174,097 174,097 — — — 
Commercial finance25,080 8,966 23,545 57,591 3,559,053 3,616,644 5,555 27,231 32,786 
Consumer finance4,502 2,936 2,423 9,861 270,140 280,001 2,423 — 2,423 
Tax services— — — — 45,051 45,051 — — — 
Warehouse finance— — — — 624,251 624,251 — — — 
Total loans and leases held for investment29,582 11,902 25,968 67,452 4,498,495 4,565,947 7,978 27,231 35,209 
Total loans and leases$29,582 $11,902 $25,968 $67,452 $4,571,143 $4,638,595 $7,978 $27,231 $35,209 
At September 30, 2024
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
Loans held for sale$2,266 $1,361 $1,050 $4,677 $684,193 $688,870 $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 $4,685,303 $4,759,941 $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
At December 31, 202420252024202320222021Prior
Term lending$— $5,456 $6,958 $4,703 $1,200 $3,909 $— $22,226 $6,552 
Asset-based lending— — — — — — 603 603 — 
Factoring— — — — — — 561 561 — 
Lease financing— — 533 — 1,323 182 — 2,038 — 
SBA/USDA— — 513 90 55 1,145 — 1,803 — 
Commercial finance— 5,456 8,004 4,793 2,578 5,236 1,164 27,231 6,552 
Total nonaccrual loans and leases$— $5,456 $8,004 $4,793 $2,578 $5,236 $1,164 $27,231 $6,552 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At 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 $3,260 
Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At December 31, 202420252024202320222021Prior
Term lending$— $— $— $560 $4,448 $2 $— $5,010 
Lease financing— 55 1 — 1 2 — 59 
SBA/USDA— — — 330 156 — — 486 
Commercial finance— 55 1 890 4,605 4 — 5,555 
Consumer finance— 976 1,235 190 22 — — 2,423 
Total loans and leases held for investment— 1,031 1,236 1,080 4,627 4 — 7,978 
Total 90 days or more delinquent and accruing$— $1,031 $1,236 $1,080 $4,627 $4 $— $7,978 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At 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 December 31,
(Dollars in thousands)20242023
Term lending$23,208 $17,419 
Asset-based lending591 9,711 
Factoring265 1,180 
Lease financing1,565 1,623 
SBA/USDA1,900 1,488 
Commercial finance27,529 31,421 
Total loans and leases$27,529 $31,421 

The recognized interest income on the Company's nonaccrual loans and leases for the three months ended December 31, 2024 and 2023 was not significant.

Modifications made to borrowers experiencing financial difficulty during the three months ended December 31, 2024 were $3.3 million in the commercial finance loan portfolio. The types of modifications granted were term extensions. Modifications made to borrowers experiencing financial difficulty during the three months ended December 31, 2023 were insignificant.
During the three months ended December 31, 2024, the Company had $1.4 million of commercial finance loans where a modification was granted in the previous 12 months in which there was a payment default. As of December 31, 2024, no modifications granted were in the 60-89 days past due category. During the three months ended December 31, 2023, there were no modifications granted in the previous 12 months in which there was a payment default.
v3.25.0.1
EARNINGS PER COMMON SHARE ("EPS")
 3 Months Ended
Dec. 31, 2024
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 December 31,
(Dollars in thousands, except per share data)20242023
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$31,427 $27,657 
Dividends and undistributed earnings allocated to participating securities(130)(220)
Basic net earnings available to common stockholders31,297 27,437 
Undistributed earnings allocated to nonvested restricted stockholders125 210 
Reallocation of undistributed earnings to nonvested restricted stockholders(125)(210)
Diluted net earnings available to common stockholders$31,297 $27,437 
Total weighted-average basic common shares outstanding24,221,697 25,776,845 
Effect of dilutive securities(1)
PSUs58,674 24,693 
Total effect of dilutive securities58,674 24,693 
Total weighted-average diluted common shares outstanding24,280,371 25,801,538 
Net earnings per common share:
Basic earnings per common share$1.29 $1.06 
Diluted earnings per common share(2)
$1.29 $1.06 
(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 December 31, 2024 and 2023, respectively, were 100,406 and 207,074 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.25.0.1
RENTAL EQUIPMENT, NET
 3 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:
(Dollars in thousands)December 31, 2024September 30, 2024
Computers and IT networking equipment$18,219 $21,308 
Motor vehicles and other148,940 140,920 
Other furniture and equipment37,195 38,755 
Solar panels and equipment129,821 128,296 
Total334,175 329,279 
Accumulated depreciation(128,425)(124,987)
Unamortized initial direct costs1,004 1,047 
Net book value$206,754 $205,339 

Future minimum lease payments expected to be received for operating leases at December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$31,957 
202634,726 
202726,540 
202817,823 
202912,010 
Thereafter6,178 
Total $129,234 
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2024
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 December 31, 2024. The recorded goodwill is a result of multiple business combinations that occurred from 2015 to 2018. During the three months ended December 31, 2024, 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
At September 30, 2024$87,145 $222,360 $— $309,505 
Divestiture— (11,577)— (11,577)
At December 31, 2024$87,145 $210,783 $— $297,928 
At September 30, 2023$87,145 $222,360 $— $309,505 
At December 31, 2023$87,145 $222,360 $— $309,505 
The changes in the carrying amount of the Company’s intangible assets during the three months ended December 31, 2024 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
At September 30, 2024$6,422 $— $6,566 $3,601 $16,589 
Amortization during the period(269)— (411)(132)(812)
Write-offs and disposals during the period— — (631)— (631)
At December 31, 2024$6,153 $— $5,524 $3,469 $15,146 
Gross carrying amount$13,774 $301 $70,338 $7,732 $92,145 
Accumulated amortization(7,621)(301)(53,896)(4,110)(65,928)
Accumulated impairment— — (10,918)(153)(11,071)
At December 31, 2024$6,153 $— $5,524 $3,469 $15,146 
At September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(264)— (587)(133)(984)
At December 31, 2023$7,213 $— $8,523 $4,000 $19,736 
Gross carrying amount$13,774 $301 $77,578 $7,798 $99,451 
Accumulated amortization(6,561)(301)(58,137)(3,579)(68,578)
Accumulated impairment— — (10,918)(219)(11,137)
At December 31, 2023$7,213 $— $8,523 $4,000 $19,736 
(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 nine months of fiscal 2025 and subsequent fiscal years at December 31, 2024 was as follows:
(Dollars in thousands)
Remaining in 2025$2,620 
20263,109 
20272,489 
20282,200 
20291,585 
Thereafter3,143 
Total anticipated intangible amortization$15,146 

There were no impairments to intangible assets during the three months ended December 31, 2024 and 2023. Intangible impairment expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.25.0.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 3 Months Ended
Dec. 31, 2024
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 $22.6 million and $24.4 million at December 31, 2024 and September 30, 2024, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $23.8 million and $26.0 million at December 31, 2024 and September 30, 2024, respectively.
The decreases in lease ROU assets and liabilities relate to normal amortization and lease payments made during the three months ended December 31, 2024, but also include adjustments for lease assignments that occurred as a result of the commercial insurance premium finance business sale during the 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 December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$2,535 
20263,048 
20272,856 
20282,816 
20292,841 
Thereafter12,703 
Total undiscounted future minimum lease payments 26,799 
Discount(3,049)
Total operating lease liabilities$23,750 

The weighted-average discount rate and remaining lease term for operating leases were as follows:
December 31, 2024September 30, 2024
Weighted-average discount rate2.50 %2.45 %
Weighted-average remaining lease term (years)8.918.78

The components of total lease costs for operating leases were as follows:
Three Months Ended December 31,
(Dollars in thousands)20242023
Lease expense$919 $1,025 
Short-term and variable lease cost21 (7)
Sublease income(352)(370)
Total lease cost for operating leases$588 $648 
v3.25.0.1
STOCKHOLDERS' EQUITY
 3 Months Ended
Dec. 31, 2024
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 three months ended December 31, 2024 and 2023, the Company repurchased 701,860 and 232,588 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 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. As of December 31, 2024, 6,298,140 shares of common stock remained available for repurchase.
For the three months ended December 31, 2024 and 2023, the Company also repurchased 66,446 and 103,641 shares, or $4.6 million and $4.9 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 three months ended December 31, 2024 and 2023.
v3.25.0.1
STOCK COMPENSATION
 3 Months Ended
Dec. 31, 2024
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 three months ended December 31, 2024.
Number of SharesWeighted Average Fair Value at Grant
Restricted Stock Awards
Nonvested shares outstanding, September 30, 2024248,670 $41.19 
Granted— — 
Vested(164,069)37.80 
Forfeited or expired(782)50.15 
Nonvested shares outstanding, December 31, 202483,819 $47.75 
Restricted Stock Units
Nonvested shares outstanding, September 30, 2024— $— 
Granted84,038 79.66 
Vested— — 
Forfeited or expired— — 
Nonvested shares outstanding, December 31, 202484,038 $79.66 
Number of UnitsWeighted Average Fair Value at Grant
PSUs outstanding, September 30, 2024142,462 $47.24 
Granted33,136 79.63 
Vested(34,304)57.21 
Forfeited or expired— — 
PSUs outstanding, December 31, 2024141,294 $52.42 

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 December 31, 2024, stock-based compensation expense not yet recognized in income totaled $13.7 million, which is expected to be recognized over a weighted average remaining period of 1.95 years.
v3.25.0.1
INCOME TAXES
 3 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company recorded an income tax expense of $6.3 million for the three months ended December 31, 2024, resulting in an effective tax rate of 16.60%, compared to an income tax expense of $5.7 million, or an effective tax rate of 17.00%, for the three months ended December 31, 2023. 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.
Three Months Ended December 31,
(Dollars in thousands)20242023
Provision at statutory rate$7,921 $7,009 
Tax-exempt income(168)(174)
State income taxes1,243 1,228 
Interim period effective rate adjustment1,659 2,806 
Tax credit investments, net - federal(3,167)(4,377)
IRC 162(m) nondeductible compensation55 (280)
Other, net(1,249)(493)
Income tax expense$6,294 $5,719 
Effective tax rate16.60 %17.00 %
v3.25.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Dec. 31, 2024
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
Three Months Ended December 31,20242023202420232024202320242023
Net interest income(1)
$69,127 $59,356 $46,111 $45,881 $895 $4,799 $116,133 $110,036 
Noninterest income:
Refund transfer product fees410 422 — — — — 410 422 
Refund advance fee income(1)
459 111 — — — — 459 111 
Card and deposit fees28,828 30,507 232 236 6 7 29,066 30,750 
Rental income(1)
— — 13,508 13,235 200 224 13,708 13,459 
(Loss) on sale of securities(1)
— — — — (15,671)— (15,671)— 
Gain on divestitures(1)
— — — — 16,404 — 16,404 — 
Gain (loss) on sale of loans and leases(1)
40 (31)4,338 — — — 4,378 (31)
Gain on sale of other(1)
— — 531 362 456 2,509 987 2,871 
Other income(1)
3,864 1,778 2,630 2,166 1,143 1,235 7,637 5,179 
Total noninterest income33,601 32,787 21,239 15,999 2,538 3,975 57,378 52,761 
Revenue$102,728 $92,143 $67,350 $61,880 $3,433 $8,774 $173,511 $162,797 
(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 three months ended December 31, 2024.
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").
v3.25.0.1
SEGMENT REPORTING
 3 Months Ended
Dec. 31, 2024
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
Three Months Ended December 31,20242023202420232024202320242023
Net interest income$69,127 $59,356 $46,111 $45,881 $895 $4,799 $116,133 $110,036 
Provision for (reversal of) credit loss4,095 3,454 7,831 6,463 106 (27)12,032 9,890 
Noninterest income33,601 32,787 21,239 15,999 2,538 3,975 57,378 52,761 
Noninterest expense49,142 50,013 32,765 34,856 41,652 34,405 123,559 119,274 
Income (loss) before income tax expense49,491 38,676 26,754 20,561 (38,325)(25,604)37,920 33,633 
Total assets535,134 563,706 4,086,116 4,206,522 3,001,092 3,157,209 7,622,342 7,927,437 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits6,305,236 6,587,052 1,439 3,669 212,278 345,334 6,518,953 6,936,055 
v3.25.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Dec. 31, 2024
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).
The following tables summarize the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.
 At December 31, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$21,000 $— $21,000 $— 
SBA securities30,529 — 30,529 — 
Obligations of states and political subdivisions200 — 200 — 
Non-bank qualified obligations of states and political subdivisions200,725 — 200,725 — 
Asset-backed securities180,930 — 180,930 — 
Mortgage-backed securities1,046,706 — 1,046,706 — 
Total debt securities AFS$1,480,090 $— $1,480,090 $— 
Common equities and mutual funds(1)
$3,563 $3,563 $— $— 
Non-marketable equity securities(2)
$11,870 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 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.
 At September 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
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 Consolidated Statements of Financial Condition at September 30, 2024.
(2) Consists of 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.

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 45%.
The following tables summarize the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:
 At December 31, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$4,751 $— $— $4,751 
    Total loans and leases, net individually evaluated for credit loss4,751 — — 4,751 
Total$4,751 $— $— $4,751 
 At September 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
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
December 31, 2024
Fair Value at
September 30, 2024
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$4,751 $7,652 Market approach
Appraised values(1)
3% - 45%
(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 45%.

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 December 31, 2024 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:
 At December 31, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$597,396 $597,396 $597,396 $— $— 
Debt securities available for sale1,480,090 1,480,090 — 1,480,090 — 
Debt securities held to maturity32,001 27,431 — 27,431 — 
Common equities and mutual funds(1)
3,563 3,563 3,563 — — 
Non-marketable equity securities(1)(2)
21,569 21,569 — 9,699 — 
Loans held for sale72,648 72,648 — 72,648 — 
Loans and leases4,565,947 4,501,798 — — 4,501,798 
Federal Reserve Bank and Federal Home Loan Bank stocks24,454 24,454 — 24,454 — 
Accrued interest receivable35,279 35,279 35,279 — — 
Financial liabilities
Deposits6,518,953 6,518,852 6,514,740 4,112 — 
Other short- and long-term borrowings33,380 32,332 — 32,332 — 
Accrued interest payable771 771 771 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 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.
 At 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 $— $— 
Debt securities available for sale1,741,221 1,741,221 — 1,741,221 — 
Debt securities held to maturity33,092 30,236 — 30,236 — 
Common equities and mutual funds(1)
3,303 3,303 3,303 — — 
Non-marketable equity securities(1)(2)
21,350 21,350 — 9,522 — 
Loans held for sale688,870 688,870 — 688,870 — 
Loans and leases4,071,071 4,036,490 — — 4,036,490 
Federal Reserve Bank and Federal Home Loan Bank stocks36,014 36,014 — 36,014 — 
Accrued interest receivable31,385 31,385 31,385 — — 
Financial liabilities
Deposits5,875,085 5,874,994 5,845,879 29,115 — 
Overnight federal funds purchased377,000 377,000 377,000 — — 
Other short- and long-term borrowings33,354 31,787 — 31,787 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.25.0.1
SUBSEQUENT EVENTS
 3 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Management has evaluated subsequent events that occurred after December 31, 2024. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management did not identify any material subsequent events that would require recognition or disclosure in our Condensed Consolidated Financial Statements as of or for the quarter ended December 31, 2024.
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Net income attributable to Pathward Financial, Inc. $ 31,427 $ 27,657
v3.25.0.1
Insider Trading Arrangements - Director and Officer Trading Arrangement [Member]
 3 Months Ended
Dec. 31, 2024
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
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 3 Months Ended
Dec. 31, 2024
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.
v3.25.0.1
DIVESTITURES (Tables)
 3 Months Ended
Dec. 31, 2024
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)
Assets Purchased and Liabilities Assumed
Cash and cash equivalents$4,686 
Loans594,541 
Premises, furniture, and equipment, net484 
Total assets purchased$599,711 
Deposits$16,760 
Accrued expenses and other liabilities1,158 
Total liabilities assumed$17,918 
Net assets purchased$581,793 
Consideration paid at close603,290 
Consideration due9,703 
Total purchase price612,993 
Premium on transaction31,200 
Other adjustments:
Goodwill derecognition(11,577)
Intangible derecognition(631)
Building lease derecognition471 
Transaction costs(3,059)
Total other adjustments(14,796)
Gain on divestitures$16,404 
v3.25.0.1
SECURITIES (Tables)
 3 Months Ended
Dec. 31, 2024
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
At December 31, 2024
Corporate securities$25,000 $— $(4,000)$21,000 
SBA securities34,501 — (3,972)30,529 
Obligations of states and political subdivisions200 — — 200 
Non-bank qualified obligations of states and political subdivisions235,137 24 (34,436)200,725 
Asset-backed securities184,645 322 (4,037)180,930 
Mortgage-backed securities1,250,352 — (203,646)1,046,706 
Total debt securities AFS$1,729,835 $346 $(250,091)$1,480,090 
At 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
At December 31, 2024
Non-bank qualified obligations of states and political subdivisions$29,992 $— $(4,297)$25,695 
Mortgage-backed securities2,009 — (273)1,736 
Total debt securities HTM$32,001 $— $(4,570)$27,431 
At 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)$30,236 
Schedule of Unrealized Loss on Investments, AFS
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At December 31, 2024
Corporate securities$— $— $21,000 $(4,000)$21,000 $(4,000)
SBA securities— — 30,528 (3,972)30,528 (3,972)
Non-bank qualified obligations of states and political subdivisions— — 198,747 (34,436)198,747 (34,436)
Asset-backed securities48,261 (280)84,879 (3,757)133,140 (4,037)
Mortgage-backed securities15,390 (249)1,031,316 (203,397)1,046,706 (203,646)
Total debt securities AFS$63,651 $(529)$1,366,470 $(249,562)$1,430,121 $(250,091)
At September 30, 2024
Corporate securities$— $— $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 $(203,542)
Debt Securities HTM
At December 31, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $25,695 $(4,297)$25,695 $(4,297)
Mortgage-backed securities— — 1,736 (273)1,736 (273)
Total debt securities HTM$— $— $27,431 $(4,570)$27,431 $(4,570)
At September 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $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)At December 31, 2024At September 30, 2024
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$200 $199 $1,826 $1,796 
Due after one year through five years6,592 6,372 14,772 14,211 
Due after five years through ten years45,866 39,595 70,894 63,636 
Due after ten years426,825 387,218 463,257 430,210 
479,483 433,384 550,749 509,853 
Mortgage-backed securities1,250,352 1,046,706 1,393,549 1,231,368 
Total debt securities AFS$1,729,835 $1,480,090 $1,944,298 $1,741,221 
Debt Securities HTM
Due after ten years$29,992 $25,695 $31,060 $28,392 
29,992 25,695 31,060 28,392 
Mortgage-backed securities2,009 1,736 2,032 1,844 
Total debt securities HTM$32,001 $27,431 $33,092 $30,236 
v3.25.0.1
LOANS AND LEASES, NET (Tables)
 3 Months Ended
Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in thousands)December 31, 2024September 30, 2024
Term lending$1,735,539 $1,554,641 
Asset-based lending608,261 471,897 
Factoring364,477 362,295 
Lease financing138,305 152,174 
SBA/USDA595,965 568,628 
Other commercial finance174,097 185,964 
Commercial finance3,616,644 3,295,599 
Consumer finance280,001 248,800 
Tax services45,051 8,825 
Warehouse finance624,251 517,847 
Total loans and leases4,565,947 4,071,071 
Net deferred loan origination costs (fees)(3,266)4,124 
Total gross loans and leases4,562,681 4,075,195 
Allowance for credit losses(48,977)(45,336)
Total loans and leases, net$4,513,704 $4,029,859 
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 December 31,
(Dollars in thousands)20242023
Loans Purchased
Loans held for investment:
Commercial finance$19,540 $— 
Warehouse finance119,819 89,390 
Total purchases$139,359 $89,390 
Loans Sold
Loans held for sale:
Commercial finance$65,802 $3,872 
Consumer finance552,630 622,464 
Total sales$618,432 $626,336 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)December 31, 2024September 30, 2024
Minimum lease payments receivable$147,969 $162,757 
Unguaranteed residual assets8,097 9,300 
Unamortized initial direct costs129 102 
Unearned income(17,726)(19,883)
Total net investment in direct financing and sales-type leases$138,469 $152,276 
Operating Lease, Lease Income
The components of total lease income were as follows:
Three Months Ended December 31,
(Dollars in thousands)20242023
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$3,187 $3,108 
Leasing and equipment finance noninterest income
Lease income from operating lease payments13,448 13,255 
Other(1)
1,307 724 
Total leasing and equipment finance noninterest income14,755 13,979 
Total lease income$17,942 $17,087 
(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 December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$43,987 
202642,905 
202728,342 
202816,599 
202910,401 
Thereafter5,735 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases147,969 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$147,969 
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:
Three Months Ended December 31, 2024
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$30,394 $7,289 $(8,375)$617 $29,925 
Asset-based lending1,356 406 — — 1,762 
Factoring5,757 (170)(74)252 5,765 
Lease financing1,189 (247)(63)2 881 
Insurance premium finance— 91 (93)2 — 
SBA/USDA3,273 831 (297)— 3,807 
Other commercial finance607 (186)— — 421 
Commercial finance42,576 8,014 (8,902)873 42,561 
Consumer finance2,240 2,792 (33)2 5,001 
Tax services2 1,301 (741)228 790 
Warehouse finance518 107 — — 625 
Total loans and leases45,336 12,214 (9,676)1,103 48,977 
Unfunded commitments(1)
695 (182)— — 513 
Total $46,031 $12,032 $(9,676)$1,103 $49,490 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended December 31, 2023
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$25,686 $5,822 $(5,121)$626 $27,013 
Asset-based lending2,738 (1,510)— 142 1,370 
Factoring6,566 751 (23)139 7,433 
Lease financing3,302 766 (153)93 4,008 
Insurance premium finance2,637 (239)(365)90 2,123 
SBA/USDA2,962 327 — — 3,289 
Other commercial finance3,089 223 — — 3,312 
Commercial finance46,980 6,140 (5,662)1,090 48,548 
Consumer finance2,346 2,097 (63)— 4,380 
Tax services2 1,356 (1,145)294 507 
Warehouse finance377 (27)— — 350 
Total loans and leases49,705 9,566 (6,870)1,384 53,785 
Unfunded commitments(1)
272 324 — — 596 
Total $49,977 $9,890 $(6,870)$1,384 $54,381 
(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)At December 31, 2024At September 30, 2024
Term lending$14,034 $15,491 
Lease financing1,302 5,300 
SBA/USDA680 1,419 
Commercial finance(1)
16,016 22,210 
Total$16,016 $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 December 31,
(Dollars in thousands)20242023
Term lending$23,208 $17,419 
Asset-based lending591 9,711 
Factoring265 1,180 
Lease financing1,565 1,623 
SBA/USDA1,900 1,488 
Commercial finance27,529 31,421 
Total loans and leases$27,529 $31,421 
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
At December 31, 202420252024202320222021Prior
Term lending
Pass$166,954 $579,028 $406,327 $108,421 $73,456 $58,759 $— $1,392,945 
Watch16,193 29,618 35,022 26,480 21,118 12,300 — 140,731 
Special mention1,160 57,525 6,151 8,911 16,720 332 — 90,799 
Substandard8,110 9,337 31,501 22,152 14,933 20,498 — 106,531 
Doubtful— 466 855 1,765 468 979 — 4,533 
Total192,417 675,974 479,856 167,729 126,695 92,868 — 1,735,539 
Current period charge-offs4,385 2,043 1,408 423 85 31 — 8,375 
Asset-based lending
Pass— — — — — — 372,119 372,119 
Watch— — — — — — 213,107 213,107 
Special mention— — — — — — 19,510 19,510 
Substandard— — — — — — 3,525 3,525 
Total— — — — — — 608,261 608,261 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 295,712 295,712 
Watch— — — — — — 63,573 63,573 
Special mention— — — — — — 1,620 1,620 
Substandard— — — — — — 3,553 3,553 
Doubtful— — — — — — 19 19 
Total— — — — — — 364,477 364,477 
Current period charge-offs— — — — — — 74 74 
Lease financing
Pass8,349 41,145 40,805 10,546 7,156 7,854 — 115,855 
Watch— 703 3,046 61 387 1,877 — 6,074 
Special mention— — 235 253 — 177 — 665 
Substandard— — 6,489 2,276 5,758 1,185 — 15,708 
Doubtful— — — — 3 — — 3 
Total8,349 41,848 50,575 13,136 13,304 11,093 — 138,305 
Current period charge-offs— — — 31 32 — — 63 
Insurance premium finance
Current period charge-offs62 31 — — — — — 93 
SBA/USDA
Pass10,265 83,724 169,125 175,510 20,514 65,396 — 524,534 
Watch— 6,218 6,813 2,140 631 3,805 — 19,607 
Special mention— — — — 156 361 — 517 
Substandard— 795 16,859 12,031 1,984 19,369 — 51,038 
Doubtful— — — 55 55 159 — 269 
Total10,265 90,737 192,797 189,736 23,340 89,090 — 595,965 
Current period charge-offs— 171 — — 14 112 — 297 
Other commercial finance
Pass369 71,724 2,180 144 12,234 67,632 — 154,283 
Watch— — 2,466 — — — — 2,466 
Substandard— — 493 — 16,855 — — 17,348 
Total369 71,724 5,139 144 29,089 67,632 — 174,097 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 624,251 624,251 
Total— — — — — — 624,251 624,251 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass185,937 775,621 618,437 294,621 113,360 199,641 1,292,082 3,479,699 
Watch16,193 36,539 47,347 28,681 22,136 17,982 276,680 445,558 
Special mention1,160 57,525 6,386 9,164 16,876 870 21,130 113,111 
Substandard8,110 10,132 55,342 36,459 39,530 41,052 7,078 197,703 
Doubtful— 466 855 1,820 526 1,138 19 4,824 
Total$211,400 $880,283 $728,367 $370,745 $192,428 $260,683 $1,596,989 $4,240,895 
Current period charge-offs$4,447 $2,245 $1,408 $454 $131 $143 $74 $8,902 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At 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 $22,837 
Past Due Loans and Leases
Past due loans and leases were as follows:
At December 31, 2024
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $72,648 $72,648 $— $— $— 
Term lending19,298 4,901 20,122 44,321 1,691,218 1,735,539 5,010 22,226 27,236 
Asset-based lending— — — — 608,261 608,261 — 603 603 
Factoring— — — — 364,477 364,477 — 561 561 
Lease financing4,278 3,878 1,440 9,596 128,709 138,305 59 2,038 2,097 
SBA/USDA1,504 187 1,983 3,674 592,291 595,965 486 1,803 2,289 
Other commercial finance— — — — 174,097 174,097 — — — 
Commercial finance25,080 8,966 23,545 57,591 3,559,053 3,616,644 5,555 27,231 32,786 
Consumer finance4,502 2,936 2,423 9,861 270,140 280,001 2,423 — 2,423 
Tax services— — — — 45,051 45,051 — — — 
Warehouse finance— — — — 624,251 624,251 — — — 
Total loans and leases held for investment29,582 11,902 25,968 67,452 4,498,495 4,565,947 7,978 27,231 35,209 
Total loans and leases$29,582 $11,902 $25,968 $67,452 $4,571,143 $4,638,595 $7,978 $27,231 $35,209 
At September 30, 2024
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
Loans held for sale$2,266 $1,361 $1,050 $4,677 $684,193 $688,870 $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 $4,685,303 $4,759,941 $15,150 $26,412 $41,562 
Financing Receivable, Nonaccrual
Nonaccrual loans and leases by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At December 31, 202420252024202320222021Prior
Term lending$— $5,456 $6,958 $4,703 $1,200 $3,909 $— $22,226 $6,552 
Asset-based lending— — — — — — 603 603 — 
Factoring— — — — — — 561 561 — 
Lease financing— — 533 — 1,323 182 — 2,038 — 
SBA/USDA— — 513 90 55 1,145 — 1,803 — 
Commercial finance— 5,456 8,004 4,793 2,578 5,236 1,164 27,231 6,552 
Total nonaccrual loans and leases$— $5,456 $8,004 $4,793 $2,578 $5,236 $1,164 $27,231 $6,552 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At 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 $3,260 
Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At December 31, 202420252024202320222021Prior
Term lending$— $— $— $560 $4,448 $2 $— $5,010 
Lease financing— 55 1 — 1 2 — 59 
SBA/USDA— — — 330 156 — — 486 
Commercial finance— 55 1 890 4,605 4 — 5,555 
Consumer finance— 976 1,235 190 22 — — 2,423 
Total loans and leases held for investment— 1,031 1,236 1,080 4,627 4 — 7,978 
Total 90 days or more delinquent and accruing$— $1,031 $1,236 $1,080 $4,627 $4 $— $7,978 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At 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 
v3.25.0.1
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 3 Months Ended
Dec. 31, 2024
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 December 31,
(Dollars in thousands, except per share data)20242023
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$31,427 $27,657 
Dividends and undistributed earnings allocated to participating securities(130)(220)
Basic net earnings available to common stockholders31,297 27,437 
Undistributed earnings allocated to nonvested restricted stockholders125 210 
Reallocation of undistributed earnings to nonvested restricted stockholders(125)(210)
Diluted net earnings available to common stockholders$31,297 $27,437 
Total weighted-average basic common shares outstanding24,221,697 25,776,845 
Effect of dilutive securities(1)
PSUs58,674 24,693 
Total effect of dilutive securities58,674 24,693 
Total weighted-average diluted common shares outstanding24,280,371 25,801,538 
Net earnings per common share:
Basic earnings per common share$1.29 $1.06 
Diluted earnings per common share(2)
$1.29 $1.06 
(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 December 31, 2024 and 2023, respectively, were 100,406 and 207,074 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.25.0.1
RENTAL EQUIPMENT, NET (Tables)
 3 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Rental Equipment
Rental equipment consists of the following:
(Dollars in thousands)December 31, 2024September 30, 2024
Computers and IT networking equipment$18,219 $21,308 
Motor vehicles and other148,940 140,920 
Other furniture and equipment37,195 38,755 
Solar panels and equipment129,821 128,296 
Total334,175 329,279 
Accumulated depreciation(128,425)(124,987)
Unamortized initial direct costs1,004 1,047 
Net book value$206,754 $205,339 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$31,957 
202634,726 
202726,540 
202817,823 
202912,010 
Thereafter6,178 
Total $129,234 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$2,535 
20263,048 
20272,856 
20282,816 
20292,841 
Thereafter12,703 
Total undiscounted future minimum lease payments 26,799 
Discount(3,049)
Total operating lease liabilities$23,750 
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Dec. 31, 2024
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
At September 30, 2024$87,145 $222,360 $— $309,505 
Divestiture— (11,577)— (11,577)
At December 31, 2024$87,145 $210,783 $— $297,928 
At September 30, 2023$87,145 $222,360 $— $309,505 
At December 31, 2023$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 three months ended December 31, 2024 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
At September 30, 2024$6,422 $— $6,566 $3,601 $16,589 
Amortization during the period(269)— (411)(132)(812)
Write-offs and disposals during the period— — (631)— (631)
At December 31, 2024$6,153 $— $5,524 $3,469 $15,146 
Gross carrying amount$13,774 $301 $70,338 $7,732 $92,145 
Accumulated amortization(7,621)(301)(53,896)(4,110)(65,928)
Accumulated impairment— — (10,918)(153)(11,071)
At December 31, 2024$6,153 $— $5,524 $3,469 $15,146 
At September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(264)— (587)(133)(984)
At December 31, 2023$7,213 $— $8,523 $4,000 $19,736 
Gross carrying amount$13,774 $301 $77,578 $7,798 $99,451 
Accumulated amortization(6,561)(301)(58,137)(3,579)(68,578)
Accumulated impairment— — (10,918)(219)(11,137)
At December 31, 2023$7,213 $— $8,523 $4,000 $19,736 
(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 nine months of fiscal 2025 and subsequent fiscal years at December 31, 2024 was as follows:
(Dollars in thousands)
Remaining in 2025$2,620 
20263,109 
20272,489 
20282,200 
20291,585 
Thereafter3,143 
Total anticipated intangible amortization$15,146 
v3.25.0.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$31,957 
202634,726 
202726,540 
202817,823 
202912,010 
Thereafter6,178 
Total $129,234 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2024 were as follows:
(Dollars in thousands)
Remaining in 2025$2,535 
20263,048 
20272,856 
20282,816 
20292,841 
Thereafter12,703 
Total undiscounted future minimum lease payments 26,799 
Discount(3,049)
Total operating lease liabilities$23,750 
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:
December 31, 2024September 30, 2024
Weighted-average discount rate2.50 %2.45 %
Weighted-average remaining lease term (years)8.918.78

The components of total lease costs for operating leases were as follows:
Three Months Ended December 31,
(Dollars in thousands)20242023
Lease expense$919 $1,025 
Short-term and variable lease cost21 (7)
Sublease income(352)(370)
Total lease cost for operating leases$588 $648 
v3.25.0.1
STOCK COMPENSATION (Tables)
 3 Months Ended
Dec. 31, 2024
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 three months ended December 31, 2024.
Number of SharesWeighted Average Fair Value at Grant
Restricted Stock Awards
Nonvested shares outstanding, September 30, 2024248,670 $41.19 
Granted— — 
Vested(164,069)37.80 
Forfeited or expired(782)50.15 
Nonvested shares outstanding, December 31, 202483,819 $47.75 
Restricted Stock Units
Nonvested shares outstanding, September 30, 2024— $— 
Granted84,038 79.66 
Vested— — 
Forfeited or expired— — 
Nonvested shares outstanding, December 31, 202484,038 $79.66 
Number of UnitsWeighted Average Fair Value at Grant
PSUs outstanding, September 30, 2024142,462 $47.24 
Granted33,136 79.63 
Vested(34,304)57.21 
Forfeited or expired— — 
PSUs outstanding, December 31, 2024141,294 $52.42 
v3.25.0.1
INCOME TAXES (Tables)
 3 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.
Three Months Ended December 31,
(Dollars in thousands)20242023
Provision at statutory rate$7,921 $7,009 
Tax-exempt income(168)(174)
State income taxes1,243 1,228 
Interim period effective rate adjustment1,659 2,806 
Tax credit investments, net - federal(3,167)(4,377)
IRC 162(m) nondeductible compensation55 (280)
Other, net(1,249)(493)
Income tax expense$6,294 $5,719 
Effective tax rate16.60 %17.00 %
v3.25.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Dec. 31, 2024
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
Three Months Ended December 31,20242023202420232024202320242023
Net interest income(1)
$69,127 $59,356 $46,111 $45,881 $895 $4,799 $116,133 $110,036 
Noninterest income:
Refund transfer product fees410 422 — — — — 410 422 
Refund advance fee income(1)
459 111 — — — — 459 111 
Card and deposit fees28,828 30,507 232 236 6 7 29,066 30,750 
Rental income(1)
— — 13,508 13,235 200 224 13,708 13,459 
(Loss) on sale of securities(1)
— — — — (15,671)— (15,671)— 
Gain on divestitures(1)
— — — — 16,404 — 16,404 — 
Gain (loss) on sale of loans and leases(1)
40 (31)4,338 — — — 4,378 (31)
Gain on sale of other(1)
— — 531 362 456 2,509 987 2,871 
Other income(1)
3,864 1,778 2,630 2,166 1,143 1,235 7,637 5,179 
Total noninterest income33,601 32,787 21,239 15,999 2,538 3,975 57,378 52,761 
Revenue$102,728 $92,143 $67,350 $61,880 $3,433 $8,774 $173,511 $162,797 
(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.
v3.25.0.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information of Entity
The following table presents segment data for the Company:
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Three Months Ended December 31,20242023202420232024202320242023
Net interest income$69,127 $59,356 $46,111 $45,881 $895 $4,799 $116,133 $110,036 
Provision for (reversal of) credit loss4,095 3,454 7,831 6,463 106 (27)12,032 9,890 
Noninterest income33,601 32,787 21,239 15,999 2,538 3,975 57,378 52,761 
Noninterest expense49,142 50,013 32,765 34,856 41,652 34,405 123,559 119,274 
Income (loss) before income tax expense49,491 38,676 26,754 20,561 (38,325)(25,604)37,920 33,633 
Total assets535,134 563,706 4,086,116 4,206,522 3,001,092 3,157,209 7,622,342 7,927,437 
Total goodwill87,145 87,145 210,783 222,360 — — 297,928 309,505 
Total deposits6,305,236 6,587,052 1,439 3,669 212,278 345,334 6,518,953 6,936,055 
v3.25.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Securities Available for Sale and Held to Maturity
The following tables summarize the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.
 At December 31, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$21,000 $— $21,000 $— 
SBA securities30,529 — 30,529 — 
Obligations of states and political subdivisions200 — 200 — 
Non-bank qualified obligations of states and political subdivisions200,725 — 200,725 — 
Asset-backed securities180,930 — 180,930 — 
Mortgage-backed securities1,046,706 — 1,046,706 — 
Total debt securities AFS$1,480,090 $— $1,480,090 $— 
Common equities and mutual funds(1)
$3,563 $3,563 $— $— 
Non-marketable equity securities(2)
$11,870 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 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.
 At September 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
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 Consolidated Statements of Financial Condition at September 30, 2024.
(2) Consists of 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.
Assets Measured at Fair Value on Nonrecurring Basis
The following tables summarize the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:
 At December 31, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$4,751 $— $— $4,751 
    Total loans and leases, net individually evaluated for credit loss4,751 — — 4,751 
Total$4,751 $— $— $4,751 
 At September 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
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
December 31, 2024
Fair Value at
September 30, 2024
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$4,751 $7,652 Market approach
Appraised values(1)
3% - 45%
(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 45%.
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:
 At December 31, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$597,396 $597,396 $597,396 $— $— 
Debt securities available for sale1,480,090 1,480,090 — 1,480,090 — 
Debt securities held to maturity32,001 27,431 — 27,431 — 
Common equities and mutual funds(1)
3,563 3,563 3,563 — — 
Non-marketable equity securities(1)(2)
21,569 21,569 — 9,699 — 
Loans held for sale72,648 72,648 — 72,648 — 
Loans and leases4,565,947 4,501,798 — — 4,501,798 
Federal Reserve Bank and Federal Home Loan Bank stocks24,454 24,454 — 24,454 — 
Accrued interest receivable35,279 35,279 35,279 — — 
Financial liabilities
Deposits6,518,953 6,518,852 6,514,740 4,112 — 
Other short- and long-term borrowings33,380 32,332 — 32,332 — 
Accrued interest payable771 771 771 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 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.
 At 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 $— $— 
Debt securities available for sale1,741,221 1,741,221 — 1,741,221 — 
Debt securities held to maturity33,092 30,236 — 30,236 — 
Common equities and mutual funds(1)
3,303 3,303 3,303 — — 
Non-marketable equity securities(1)(2)
21,350 21,350 — 9,522 — 
Loans held for sale688,870 688,870 — 688,870 — 
Loans and leases4,071,071 4,036,490 — — 4,036,490 
Federal Reserve Bank and Federal Home Loan Bank stocks36,014 36,014 — 36,014 — 
Accrued interest receivable31,385 31,385 31,385 — — 
Financial liabilities
Deposits5,875,085 5,874,994 5,845,879 29,115 — 
Overnight federal funds purchased377,000 377,000 377,000 — — 
Other short- and long-term borrowings33,354 31,787 — 31,787 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.25.0.1
DIVESTITURES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Oct. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Gain on divestitures   $ 16,404 $ 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    
Gain on divestitures $ 16,404    
v3.25.0.1
DIVESTITURES - Schedule of Discontinued Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended
Oct. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]      
Net realized (gain) on divestitures   $ (16,404) $ 0
Gain on divestitures   $ 16,404 $ 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    
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    
Total purchase price 612,993    
Premium on transaction 31,200    
Goodwill derecognition (11,577)    
Intangible derecognition (631)    
Net realized (gain) on divestitures 471    
Transaction costs (3,059)    
Total other adjustments (14,796)    
Gain on divestitures $ 16,404    
v3.25.0.1
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 1,729,835 $ 1,944,298
Fair Value 1,480,090 1,741,221
Amortized Cost    
Due in one year or less 200 1,826
Due after one year through five years 6,592 14,772
Due after five years through ten years 45,866 70,894
Due after ten years 426,825 463,257
Total 479,483 550,749
Mortgage-backed securities 1,250,352 1,393,549
Fair Value    
Due in one year or less 199 1,796
Due after one year through five years 6,372 14,211
Due after five years through ten years 39,595 63,636
Due after ten years 387,218 430,210
Total 433,384 509,853
Mortgage-backed securities 1,046,706 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) (4,000) (5,250)
Fair Value 21,000 19,750
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 21,000 19,750
OVER 12 MONTHS, Gross Unrealized (Losses) (4,000) (5,250)
TOTAL, Fair Value 21,000 19,750
TOTAL, Gross Unrealized (Losses) (4,000) (5,250)
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 34,501 86,036
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (3,972) (4,101)
Fair Value 30,529 81,935
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 30,528 81,935
OVER 12 MONTHS, Gross Unrealized (Losses) (3,972) (4,101)
TOTAL, Fair Value 30,528 81,935
TOTAL, Gross Unrealized (Losses) (3,972) (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 235,137 246,233
Gross Unrealized Gains 24 44
Gross Unrealized (Losses) (34,436) (28,287)
Fair Value 200,725 217,990
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 198,747 215,956
OVER 12 MONTHS, Gross Unrealized (Losses) (34,436) (28,287)
TOTAL, Fair Value 198,747 215,956
TOTAL, Gross Unrealized (Losses) (34,436) (28,287)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 184,645 192,979
Gross Unrealized Gains 322 337
Gross Unrealized (Losses) (4,037) (3,618)
Fair Value 180,930 189,698
LESS THAN 12 MONTHS, Fair Value 48,261 52,101
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (280) (176)
OVER 12 MONTHS, Fair Value 84,879 88,576
OVER 12 MONTHS, Gross Unrealized (Losses) (3,757) (3,442)
TOTAL, Fair Value 133,140 140,677
TOTAL, Gross Unrealized (Losses) (4,037) (3,618)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,250,352 1,393,549
Gross Unrealized Gains 0 84
Gross Unrealized (Losses) (203,646) (162,265)
Fair Value 1,046,706 1,231,368
LESS THAN 12 MONTHS, Fair Value 15,390 2,377
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (249) (15)
OVER 12 MONTHS, Fair Value 1,031,316 1,215,781
OVER 12 MONTHS, Gross Unrealized (Losses) (203,397) (162,250)
TOTAL, Fair Value 1,046,706 1,218,158
TOTAL, Gross Unrealized (Losses) (203,646) (162,265)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,729,835 1,944,298
Gross Unrealized Gains 346 465
Gross Unrealized (Losses) (250,091) (203,542)
Fair Value 1,480,090 1,741,221
LESS THAN 12 MONTHS, Fair Value 63,651 54,478
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (529) (191)
OVER 12 MONTHS, Fair Value 1,366,470 1,622,278
OVER 12 MONTHS, Gross Unrealized (Losses) (249,562) (203,351)
TOTAL, Fair Value 1,430,121 1,676,756
TOTAL, Gross Unrealized (Losses) $ (250,091) $ (203,542)
v3.25.0.1
SECURITIES - Narrative (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
USD ($)
security
Dec. 31, 2023
USD ($)
Sep. 30, 2024
USD ($)
Debt Securities, Available-for-sale [Line Items]      
Proceeds from sales of securities available for sale $ 160,135 $ 0  
AFS number of securities in an unrealized loss position (in securities) | security 163    
Federal reserve bank stock $ 19,700   $ 19,700
Federal home loan bank stock 4,800   16,300
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 3,600   3,300
Unrealized gain (loss) (100) 100  
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 11,900   11,800
Unrealized gain (loss) 300 $ 300  
Equity securities without readily determinable fair value, amount 14,100   $ 13,600
Realized gain on equity securities $ 400    
Number of equity securities sold | security 0    
v3.25.0.1
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 32,001 $ 33,092
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (4,570) (2,856)
Fair Value 27,431 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 27,431 30,236
OVER 12 MONTHS, Gross Unrealized (Losses) (4,570) (2,856)
TOTAL, Fair Value 27,431 30,236
TOTAL, Gross Unrealized (Losses) (4,570) (2,856)
Amortized Cost    
Due after ten years 29,992 31,060
Total 29,992 31,060
Mortgage-backed securities 2,009 2,032
Fair Value    
Due after ten years 25,695 28,392
Total 25,695 28,392
Mortgage-backed securities 1,736 1,844
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 29,992 31,060
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (4,297) (2,668)
Fair Value 25,695 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 25,695 28,392
OVER 12 MONTHS, Gross Unrealized (Losses) (4,297) (2,668)
TOTAL, Fair Value 25,695 28,392
TOTAL, Gross Unrealized (Losses) (4,297) (2,668)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 2,009 2,032
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (273) (188)
Fair Value 1,736 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 1,736 1,844
OVER 12 MONTHS, Gross Unrealized (Losses) (273) (188)
TOTAL, Fair Value 1,736 1,844
TOTAL, Gross Unrealized (Losses) $ (273) $ (188)
v3.25.0.1
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases $ 4,565,947 $ 4,071,071    
Net deferred loan origination costs (fees) (3,266) 4,124    
Total gross loans and leases 4,562,681 4,075,195    
Allowance for credit losses (48,977) (45,336)    
Total loans and leases, net 4,513,704 4,029,859    
National Lending | Term lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 1,735,539 1,554,641    
Allowance for credit losses (29,925) (30,394) $ (27,013) $ (25,686)
National Lending | Asset-based lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 608,261 471,897    
Allowance for credit losses (1,762) (1,356) (1,370) (2,738)
National Lending | Factoring        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 364,477 362,295    
Allowance for credit losses (5,765) (5,757) (7,433) (6,566)
National Lending | Lease financing        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 138,305 152,174    
Allowance for credit losses (881) (1,189) (4,008) (3,302)
National Lending | SBA/USDA        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 595,965 568,628    
Allowance for credit losses (3,807) (3,273) (3,289) (2,962)
National Lending | Other commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 174,097 185,964    
Allowance for credit losses (421) (607) (3,312) (3,089)
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 3,616,644 3,295,599    
Allowance for credit losses (42,561) (42,576) (48,548) (46,980)
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 280,001 248,800    
Allowance for credit losses (5,001) (2,240) (4,380) (2,346)
National Lending | Tax services        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 45,051 8,825    
Allowance for credit losses (790) (2) (507) (2)
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 624,251 517,847    
Allowance for credit losses $ (625) $ (518) $ (350) $ (377)
v3.25.0.1
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale $ 853,109,000 $ 631,905,000  
Transaction costs 618,400,000 626,300,000  
Gain (loss) on sale of loans and leases 4,378,000 (31,000)  
Loans and leases 4,562,681,000   $ 4,075,195,000
Pass      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 3,479,699,000   3,042,276,000
Pass | Asset Pledged as Collateral      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 116,400,000   105,100,000
Consumer finance portfolio segment      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 280,000,000.0   248,800,000
Tax services loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 45,100,000   $ 8,800,000
National Lending | Commercial Finance and Consumer Finance      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale 853,100,000 631,900,000  
National Lending | Commercial finance      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
TDRs subsequent default, recorded investment 1,400,000 $ 0  
National Lending | Commercial finance | Term Extensions and Reduced Payments      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
TDRs subsequent default, recorded investment $ 3,300,000    
v3.25.0.1
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Loans held for investment $ 139,359 $ 89,390
Loans Sold, Loans held for sale 618,432 626,336
Loans Sold, Total sales 618,432 626,336
National Lending | Commercial finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Loans held for investment 19,540 0
Loans Sold, Loans held for sale 65,802 3,872
National Lending | Warehouse finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Loans held for investment 119,819 89,390
National Lending | Consumer finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Sold, Loans held for sale $ 552,630 $ 622,464
v3.25.0.1
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Net Investment in Lease [Abstract]      
Minimum lease payments receivable $ 147,969   $ 162,757
Unguaranteed residual assets 8,097   9,300
Unamortized initial direct costs 129   102
Unearned income (17,726)   (19,883)
Total net investment in direct financing and sales-type leases 138,469   $ 152,276
Interest income - loans and leases      
Interest income on net investments in direct financing and sales-type leases 3,187 $ 3,108  
Lease income from operating lease payments 13,448 13,255  
Other 1,307 724  
Total leasing and equipment finance noninterest income 14,755 13,979  
Total lease income 17,942 $ 17,087  
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]      
Remaining in 2025 43,987    
2026 42,905    
2027 28,342    
2028 16,599    
2029 10,401    
Thereafter 5,735    
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 147,969    
Third-party residual value guarantees 0    
Total carrying amount of direct financing and sales-type leases $ 147,969    
v3.25.0.1
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Allowance for Credit Losses [Roll Forward]      
Beginning Balance $ 45,336    
Provision (Reversal) 12,032 $ 9,890  
Ending Balance 48,977   $ 45,336
Total Committed Loans      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 45,336 49,705 49,705
Provision (Reversal) 12,214 9,566  
Charge-offs (9,676) (6,870)  
Recoveries 1,103 1,384  
Ending Balance 48,977 53,785 45,336
Unfunded commitments      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 695 272 272
Provision (Reversal) (182) 324  
Charge-offs 0 0  
Recoveries 0 0  
Ending Balance 513 596 695
Total Loans      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 46,031 49,977 49,977
Provision (Reversal) 12,032 9,890  
Charge-offs (9,676) (6,870)  
Recoveries 1,103 1,384  
Ending Balance 49,490 54,381 46,031
National Lending | Term lending      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 30,394 25,686 25,686
Provision (Reversal) 7,289 5,822  
Charge-offs (8,375) (5,121)  
Recoveries 617 626  
Ending Balance 29,925 27,013 30,394
National Lending | Asset-based lending      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 1,356 2,738 2,738
Provision (Reversal) 406 (1,510)  
Charge-offs 0 0  
Recoveries 0 142  
Ending Balance 1,762 1,370 1,356
National Lending | Factoring      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 5,757 6,566 6,566
Provision (Reversal) (170) 751  
Charge-offs (74) (23)  
Recoveries 252 139  
Ending Balance 5,765 7,433 5,757
National Lending | Lease financing      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 1,189 3,302 3,302
Provision (Reversal) (247) 766  
Charge-offs (63) (153)  
Recoveries 2    
Ending Balance 881 4,008 1,189
National Lending | Lease financing, net of adjustments      
Allowance for Credit Losses [Roll Forward]      
Recoveries   93  
National Lending | Insurance premium finance      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 0 2,637 2,637
Provision (Reversal) 91 (239)  
Charge-offs (93) (365)  
Recoveries 2 90  
Ending Balance 0 2,123 0
National Lending | SBA/USDA      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 3,273 2,962 2,962
Provision (Reversal) 831 327  
Charge-offs (297) 0  
Recoveries 0 0  
Ending Balance 3,807 3,289 3,273
National Lending | Other commercial finance      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 607 3,089 3,089
Provision (Reversal) (186) 223  
Charge-offs 0 0  
Recoveries 0 0  
Ending Balance 421 3,312 607
National Lending | Commercial finance      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 42,576 46,980 46,980
Provision (Reversal) 8,014 6,140  
Charge-offs (8,902) (5,662)  
Recoveries 873 1,090  
Ending Balance 42,561 48,548 42,576
National Lending | Consumer finance      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 2,240 2,346 2,346
Provision (Reversal) 2,792 2,097  
Charge-offs (33) (63)  
Recoveries 2 0  
Ending Balance 5,001 4,380 2,240
National Lending | Tax services      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 2 2 2
Provision (Reversal) 1,301 1,356  
Charge-offs (741) (1,145)  
Recoveries 228 294  
Ending Balance 790 507 2
National Lending | Warehouse finance      
Allowance for Credit Losses [Roll Forward]      
Beginning Balance 518 377 377
Provision (Reversal) 107 (27)  
Charge-offs 0 0  
Recoveries 0 0  
Ending Balance $ 625 $ 350 $ 518
v3.25.0.1
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance $ 16,016   $ 22,210
Average recorded investment 27,529 $ 31,421  
National Lending | Term lending      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 14,034   15,491
Average recorded investment 23,208 17,419  
National Lending | Asset-based lending      
Financing Receivable, Impaired [Line Items]      
Average recorded investment 591 9,711  
National Lending | Factoring      
Financing Receivable, Impaired [Line Items]      
Average recorded investment 265 1,180  
National Lending | Lease financing      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 1,302   5,300
Average recorded investment 1,565 1,623  
National Lending | SBA/USDA      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 680   1,419
Average recorded investment 1,900 1,488  
National Lending | Commercial finance      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 16,016   $ 22,210
Average recorded investment $ 27,529 $ 31,421  
v3.25.0.1
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]        
Total gross loans and leases $ 4,562,681   $ 4,075,195  
Pass        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 185,937   727,446  
2024 775,621   621,029  
2023 618,437   316,217  
2022 294,621   117,862  
2021 113,360   80,750  
Prior 199,641   135,421  
Revolving Loans and Leases 1,292,082   1,043,551  
Total gross loans and leases 3,479,699   3,042,276  
Watch        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 16,193   54,846  
2024 36,539   65,301  
2023 47,347   35,334  
2022 28,681   37,928  
2021 22,136   4,092  
Prior 17,982   5,378  
Revolving Loans and Leases 276,680   283,791  
Total gross loans and leases 445,558   486,670  
Special mention        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 1,160   44,617  
2024 57,525   3,356  
2023 6,386   9,121  
2022 9,164   14,928  
2021 16,876   7,412  
Prior 870   365  
Revolving Loans and Leases 21,130   13,458  
Total gross loans and leases 113,111   93,257  
Substandard        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 8,110   10,835  
2024 10,132   47,309  
2023 55,342   33,418  
2022 36,459   33,303  
2021 39,530   30,482  
Prior 41,052   14,368  
Revolving Loans and Leases 7,078   11,227  
Total gross loans and leases 197,703   180,942  
Doubtful        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   4,314  
2024 466   1,650  
2023 855   2,302  
2022 1,820   951  
2021 526   207  
Prior 1,138   865  
Revolving Loans and Leases 19   12  
Total gross loans and leases 4,824   10,301  
Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 211,400   842,058  
2024 880,283   738,645  
2023 728,367   396,392  
2022 370,745   204,972  
2021 192,428   122,943  
Prior 260,683   156,397  
Revolving Loans and Leases 1,596,989   1,352,039  
Total gross loans and leases 4,240,895   3,813,446  
National Lending | Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2024, Writeoffs 4,447   200  
2023, Writeoffs 2,245   4,541  
2022, Writeoffs 1,408   8,754  
2021, Writeoffs 454   3,783  
2020, Writeoffs 131   2,391  
Prior, Writeoffs 143   715  
Revolving Loans and Leases, Writeoffs 74   2,453  
Total, Writeoffs 8,902   22,837  
National Lending | Term lending        
Financing Receivable, Credit Quality Indicator [Line Items]        
Total, Writeoffs 8,375 $ 5,121    
National Lending | Term lending | Pass        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 166,954   548,597  
2024 579,028   398,832  
2023 406,327   117,180  
2022 108,421   77,585  
2021 73,456   42,950  
Prior 58,759   24,166  
Revolving Loans and Leases 0   0  
Total gross loans and leases 1,392,945   1,209,310  
National Lending | Term lending | Watch        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 16,193   47,765  
2024 29,618   52,317  
2023 35,022   34,964  
2022 26,480   31,025  
2021 21,118   2,720  
Prior 12,300   2,312  
Revolving Loans and Leases 0   0  
Total gross loans and leases 140,731   171,103  
National Lending | Term lending | Special mention        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 1,160   44,617  
2024 57,525   3,106  
2023 6,151   9,121  
2022 8,911   14,772  
2021 16,720   7,238  
Prior 332   2  
Revolving Loans and Leases 0   0  
Total gross loans and leases 90,799   78,856  
National Lending | Term lending | Substandard        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 8,110   9,798  
2024 9,337   24,187  
2023 31,501   18,537  
2022 22,152   11,660  
2021 14,933   18,894  
Prior 20,498   2,631  
Revolving Loans and Leases 0   0  
Total gross loans and leases 106,531   85,707  
National Lending | Term lending | Doubtful        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   4,314  
2024 466   1,465  
2023 855   2,247  
2022 1,765   758  
2021 468   114  
Prior 979   767  
Revolving Loans and Leases 0   0  
Total gross loans and leases 4,533   9,665  
National Lending | Term lending | Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 192,417   655,091  
2024 675,974   479,907  
2023 479,856   182,049  
2022 167,729   135,800  
2021 126,695   71,916  
Prior 92,868   29,878  
Revolving Loans and Leases 0   0  
Total gross loans and leases 1,735,539   1,554,641  
2024, Writeoffs 4,385   114  
2023, Writeoffs 2,043   3,102  
2022, Writeoffs 1,408   8,502  
2021, Writeoffs 423   3,576  
2020, Writeoffs 85   2,184  
Prior, Writeoffs 31   715  
Revolving Loans and Leases, Writeoffs 0   0  
Total, Writeoffs 8,375   18,193  
National Lending | Asset-based lending        
Financing Receivable, Credit Quality Indicator [Line Items]        
Total, Writeoffs 0 0    
National Lending | Asset-based lending | Pass        
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 372,119   233,268  
Total gross loans and leases 372,119   233,268  
National Lending | Asset-based lending | Watch        
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 213,107   221,521  
Total gross loans and leases 213,107   221,521  
National Lending | Asset-based lending | Special mention        
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 19,510   13,187  
Total gross loans and leases 19,510   13,187  
National Lending | Asset-based lending | Substandard        
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 3,525   3,921  
Total gross loans and leases 3,525   3,921  
National Lending | Asset-based lending | Total        
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 608,261   471,897  
Total gross loans and leases 608,261   471,897  
2024, Writeoffs 0      
2023, Writeoffs 0      
2022, Writeoffs 0      
2021, Writeoffs 0      
2020, Writeoffs 0      
Prior, Writeoffs 0      
Revolving Loans and Leases, Writeoffs 0      
Total, Writeoffs 0      
National Lending | Factoring        
Financing Receivable, Credit Quality Indicator [Line Items]        
Total, Writeoffs 74 23    
National Lending | Factoring | Pass        
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 295,712   292,436  
Total gross loans and leases 295,712   292,436  
National Lending | Factoring | Watch        
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 63,573   62,270  
Total gross loans and leases 63,573   62,270  
National Lending | Factoring | Special mention        
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 1,620   271  
Total gross loans and leases 1,620   271  
National Lending | Factoring | Substandard        
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 3,553   7,306  
Total gross loans and leases 3,553   7,306  
National Lending | Factoring | 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 19   12  
Total gross loans and leases 19   12  
National Lending | Factoring | Total        
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 364,477   362,295  
Total gross loans and leases 364,477   362,295  
2024, Writeoffs 0     $ 0
2023, Writeoffs 0     0
2022, Writeoffs 0     0
2021, Writeoffs 0     0
2020, Writeoffs 0     0
Prior, Writeoffs 0     0
Revolving Loans and Leases, Writeoffs 74     2,453
Total, Writeoffs 74     2,453
National Lending | Lease financing        
Financing Receivable, Credit Quality Indicator [Line Items]        
Total, Writeoffs 63 153    
National Lending | Lease financing | Pass        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 8,349   44,883  
2024 41,145   48,851  
2023 40,805   12,862  
2022 10,546   7,101  
2021 7,156   7,938  
Prior 7,854   1,733  
Revolving Loans and Leases 0   0  
Total gross loans and leases 115,855   123,368  
National Lending | Lease financing | Watch        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   1,837  
2024 703   3,537  
2023 3,046   370  
2022 61   6,264  
2021 387   1,362  
Prior 1,877   40  
Revolving Loans and Leases 0   0  
Total gross loans and leases 6,074   13,410  
National Lending | Lease financing | Special mention        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   250  
2023 235   0  
2022 253   0  
2021 0   174  
Prior 177   0  
Revolving Loans and Leases 0   0  
Total gross loans and leases 665   424  
National Lending | Lease financing | Substandard        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   6,691  
2023 6,489   2,723  
2022 2,276   2,717  
2021 5,758   2,069  
Prior 1,185   603  
Revolving Loans and Leases 0   0  
Total gross loans and leases 15,708   14,803  
National Lending | Lease financing | Doubtful        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   0  
2023 0   0  
2022 0   138  
2021 3   31  
Prior 0   0  
Revolving Loans and Leases 0   0  
Total gross loans and leases 3   169  
National Lending | Lease financing | Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 8,349   46,720  
2024 41,848   59,329  
2023 50,575   15,955  
2022 13,136   16,220  
2021 13,304   11,574  
Prior 11,093   2,376  
Revolving Loans and Leases 0   0  
Total gross loans and leases 138,305   152,174  
2024, Writeoffs 0     0
2023, Writeoffs 0     0
2022, Writeoffs 0     0
2021, Writeoffs 31     207
2020, Writeoffs 32     80
Prior, Writeoffs 0     0
Revolving Loans and Leases, Writeoffs 0     0
Total, Writeoffs 63     $ 287
National Lending | Insurance premium finance        
Financing Receivable, Credit Quality Indicator [Line Items]        
Total, Writeoffs 93 365    
National Lending | Insurance premium finance | Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2024, Writeoffs 62   86  
2023, Writeoffs 31   890  
2022, Writeoffs 0   173  
2021, Writeoffs 0   0  
2020, 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 297 0    
National Lending | SBA/USDA | Pass        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 10,265   60,636  
2024 83,724   171,136  
2023 169,125   179,490  
2022 175,510   20,825  
2021 20,514   28,588  
Prior 65,396   39,319  
Revolving Loans and Leases 0   0  
Total gross loans and leases 524,534   499,994  
National Lending | SBA/USDA | Watch        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   5,244  
2024 6,218   6,967  
2023 6,813   0  
2022 2,140   639  
2021 631   10  
Prior 3,805   3,026  
Revolving Loans and Leases 0   0  
Total gross loans and leases 19,607   15,886  
National Lending | SBA/USDA | Special mention        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   0  
2023 0   0  
2022 0   156  
2021 156   0  
Prior 361   363  
Revolving Loans and Leases 0   0  
Total gross loans and leases 517   519  
National Lending | SBA/USDA | Substandard        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   1,037  
2024 795   15,923  
2023 16,859   12,158  
2022 12,031   2,003  
2021 1,984   9,519  
Prior 19,369   11,134  
Revolving Loans and Leases 0   0  
Total gross loans and leases 51,038   51,774  
National Lending | SBA/USDA | Doubtful        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   185  
2023 0   55  
2022 55   55  
2021 55   62  
Prior 159   98  
Revolving Loans and Leases 0   0  
Total gross loans and leases 269   455  
National Lending | SBA/USDA | Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 10,265   66,917  
2024 90,737   194,211  
2023 192,797   191,703  
2022 189,736   23,678  
2021 23,340   38,179  
Prior 89,090   53,940  
Revolving Loans and Leases 0   0  
Total gross loans and leases 595,965   568,628  
2024, Writeoffs 0   0  
2023, Writeoffs 171   549  
2022, Writeoffs 0   79  
2021, Writeoffs 0   0  
2020, Writeoffs 14   127  
Prior, Writeoffs 112   0  
Revolving Loans and Leases, Writeoffs 0   0  
Total, Writeoffs 297   755  
National Lending | Other commercial finance        
Financing Receivable, Credit Quality Indicator [Line Items]        
Total, Writeoffs 0 0    
National Lending | Other commercial finance | Pass        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 369   73,330  
2024 71,724   2,210  
2023 2,180   6,685  
2022 144   12,351  
2021 12,234   1,274  
Prior 67,632   70,203  
Revolving Loans and Leases 0   0  
Total gross loans and leases 154,283   166,053  
National Lending | Other commercial finance | Watch        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   2,480  
2023 2,466   0  
2022 0   0  
2021 0   0  
Prior 0   0  
Revolving Loans and Leases 0   0  
Total gross loans and leases 2,466   2,480  
National Lending | Other commercial finance | Substandard        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 0   0  
2024 0   508  
2023 493   0  
2022 0   16,923  
2021 16,855   0  
Prior 0   0  
Revolving Loans and Leases 0   0  
Total gross loans and leases 17,348   17,431  
National Lending | Other commercial finance | Total        
Financing Receivable, Credit Quality Indicator [Line Items]        
2025 369   73,330  
2024 71,724   5,198  
2023 5,139   6,685  
2022 144   29,274  
2021 29,089   1,274  
Prior 67,632   70,203  
Revolving Loans and Leases 0   0  
Total gross loans and leases 174,097   185,964  
2024, Writeoffs 0   0  
2023, Writeoffs 0   0  
2022, Writeoffs 0   0  
2021, Writeoffs 0   0  
2020, 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    
National Lending | Warehouse finance | Pass        
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 624,251   517,847  
Total gross loans and leases 624,251   517,847  
National Lending | Warehouse finance | Total        
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 624,251   517,847  
Total gross loans and leases 624,251   517,847  
2024, Writeoffs 0   0  
2023, Writeoffs 0   0  
2022, Writeoffs 0   0  
2021, Writeoffs 0   0  
2020, Writeoffs 0   0  
Prior, Writeoffs 0   0  
Revolving Loans and Leases, Writeoffs 0   0  
Total, Writeoffs $ 0   $ 0  
v3.25.0.1
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 4,562,681 $ 4,075,195
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,638,595 4,759,941
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,565,947 4,071,071
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 72,648 688,870
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,735,539 1,554,641
Accruing and Nonaccruing Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 608,261 471,897
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 364,477 362,295
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 138,305 152,174
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 595,965 568,628
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 174,097 185,964
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,616,644 3,295,599
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 280,001 248,800
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 45,051 8,825
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 624,251 517,847
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 29,582 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 29,582 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 19,298 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 4,278 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 1,504 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 25,080 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 4,502 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 0 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 11,902 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 11,902 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 4,901 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 3,878 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 187 952
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 8,966 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 2,936 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 25,968 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 25,968 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 20,122 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 1,440 109
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,983 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 23,545 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 2,423 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 67,452 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 67,452 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 44,321 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 9,596 5,309
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,674 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 57,591 51,027
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,861 10,201
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 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 4,571,143 4,685,303
Accruing and Nonaccruing Loans and Leases | Current | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,498,495 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 72,648 684,193
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,691,218 1,512,047
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 608,261 471,897
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 364,477 362,295
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 128,709 146,865
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 592,291 565,504
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 174,097 185,964
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,559,053 3,244,572
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 270,140 238,599
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 45,051 92
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 624,251 517,847
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 35,209 41,562
Nonaccrual Balance 27,231 26,412
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 35,209 40,512
Nonaccrual Balance 27,231 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 27,236 25,385
Nonaccrual Balance 22,226 23,462
Nonperforming Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 603 0
Nonaccrual Balance 603 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 561 29
Nonaccrual Balance 561 29
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,097 806
Nonaccrual Balance 2,038 746
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,289 2,506
Nonaccrual Balance 1,803 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 32,786 28,726
Nonaccrual Balance 27,231 26,412
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,423 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 7,978 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 7,978 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 5,010 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 59 60
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 486 331
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 5,555 2,314
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,423 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
v3.25.0.1
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Financing Receivable, Nonaccrual [Line Items]    
Total gross loans and leases $ 4,562,681 $ 4,075,195
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 5,456 4,748
2023 8,004 5,435
2022 4,793 1,487
2021 2,578 1,369
Prior 5,236 4,063
Revolving Loans and Leases 1,164 29
Total gross loans and leases 27,231 26,412
Nonaccrual with No ACL 6,552 3,260
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 5,456 3,433
2023 6,958 5,369
2022 4,703 1,386
2021 1,200 625
Prior 3,909 3,368
Revolving Loans and Leases 0 0
Total gross loans and leases 22,226 23,462
Nonaccrual with No ACL 6,552 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 603  
Total gross loans and leases 603  
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 561 29
Total gross loans and leases 561 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 533 11
2022 0 46
2021 1,323 2
Prior 182 110
Revolving Loans and Leases 0 0
Total gross loans and leases 2,038 746
Nonaccrual with No ACL 0 0
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 738
2023 513 55
2022 90 55
2021 55 742
Prior 1,145 585
Revolving Loans and Leases 0 0
Total gross loans and leases 1,803 2,175
Nonaccrual with No ACL 0 681
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,281
2024 5,456 4,748
2023 8,004 5,435
2022 4,793 1,487
2021 2,578 1,369
Prior 5,236 4,063
Revolving Loans and Leases 1,164 29
Total gross loans and leases 27,231 26,412
Nonaccrual with No ACL 6,552 3,260
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 10,500
2024 1,031 2,481
2023 1,236 1,073
2022 1,080 809
2021 4,627 275
Prior 4 12
Revolving Loans and Leases 0 0
Total gross loans and leases 7,978 15,150
90 or More Days Delinquent and Accruing | Total loans and leases held for investment    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 9,469
2024 1,031 2,462
2023 1,236 1,073
2022 1,080 809
2021 4,627 275
Prior 4 12
Revolving Loans and Leases 0 0
Total gross loans and leases 7,978 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 560 719
2021 4,448 217
Prior 2 12
Revolving Loans and Leases 0 0
Total gross loans and leases 5,010 1,923
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 55 0
2023 1 0
2022 0 2
2021 1 58
Prior 2 0
Revolving Loans and Leases 0 0
Total gross loans and leases 59 60
90 or More Days Delinquent and Accruing | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 0 0
2023 0 331
2022 330 0
2021 156 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 486 331
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 0
2024 55 621
2023 1 685
2022 890 721
2021 4,605 275
Prior 4 12
Revolving Loans and Leases 0 0
Total gross loans and leases 5,555 2,314
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2025 0 736
2024 976 1,841
2023 1,235 388
2022 190 88
2021 22 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases $ 2,423 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
v3.25.0.1
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - National Lending - Commercial finance - USD ($)
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs subsequent default, recorded investment $ 1,400,000 $ 0
60-89 Days Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs subsequent default, recorded investment $ 0  
v3.25.0.1
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Basic income per common share:    
Net income attributable to Pathward Financial, Inc. $ 31,427 $ 27,657
Dividends and undistributed earnings allocated to participating securities (130) (220)
Basic net earnings available to common stockholders 31,297 27,437
Undistributed earnings allocated to nonvested restricted stockholders 125 210
Reallocation of undistributed earnings to nonvested restricted stockholders (125) (210)
Diluted net earnings available to common stockholders $ 31,297 $ 27,437
Total weighted-average basic common shares outstanding (in shares) 24,221,697 25,776,845
Effect of dilutive securities    
Total effect of dilutive securities (in shares) 58,674 24,693
Total weighted-average diluted common shares outstanding (in shares) 24,280,371 25,801,538
Net earnings per common share:    
Basic earnings per common share (in dollars per share) $ 1.29 $ 1.06
Diluted earnings per common share (in dollars per share) $ 1.29 $ 1.06
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 100,406 207,074
PSUs    
Effect of dilutive securities    
Performance share units (in shares) 58,674 24,693
v3.25.0.1
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Property, Plant and Equipment [Line Items]    
Total $ 334,175 $ 329,279
Accumulated depreciation (128,425) (124,987)
Unamortized initial direct costs 1,004 1,047
Net book value 206,754 205,339
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 18,219 21,308
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 148,940 140,920
Other furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 37,195 38,755
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 129,821 $ 128,296
v3.25.0.1
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2025 $ 31,957
2026 34,726
2027 26,540
2028 17,823
2029 12,010
Thereafter 6,178
Total $ 129,234
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
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    
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
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
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 16,589 $ 20,720
Amortization during the period (812) (984)
Write-offs and disposals during the period (631)  
Ending Balance 15,146 19,736
Gross carrying amount 92,145 99,451
Accumulated amortization (65,928) (68,578)
Accumulated impairment (11,071) (11,137)
Total anticipated intangible amortization 15,146 19,736
Trademark    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 6,422 7,477
Amortization during the period (269) (264)
Write-offs and disposals during the period 0  
Ending Balance 6,153 7,213
Gross carrying amount 13,774 13,774
Accumulated amortization (7,621) (6,561)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 6,153 7,213
Trademark | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 5 years  
Trademark | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 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
Gross carrying amount 301 301
Accumulated amortization (301) (301)
Accumulated impairment 0 0
Total anticipated intangible amortization 0 0
Customer Relationships    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 6,566 9,110
Amortization during the period (411) (587)
Write-offs and disposals during the period (631)  
Ending Balance 5,524 8,523
Gross carrying amount 70,338 77,578
Accumulated amortization (53,896) (58,137)
Accumulated impairment (10,918) (10,918)
Total anticipated intangible amortization $ 5,524 8,523
Customer Relationships | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 10 years  
Customer Relationships | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 30 years  
All Others    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 3,601 4,133
Amortization during the period (132) (133)
Write-offs and disposals during the period 0  
Ending Balance 3,469 4,000
Gross carrying amount 7,732 7,798
Accumulated amortization (4,110) (3,579)
Accumulated impairment (153) (219)
Total anticipated intangible amortization $ 3,469 $ 4,000
All Others | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 3 years  
All Others | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 20 years  
v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2025 $ 2,620      
2026 3,109      
2027 2,489      
2028 2,200      
2029 1,585      
Thereafter 3,143      
Total anticipated intangible amortization $ 15,146 $ 16,589 $ 19,736 $ 20,720
v3.25.0.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2024
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 $ 22,600 $ 24,400
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 23,750 $ 26,000
Lease ROU assets and liabilities, number of office locations | office 2  
Gain (loss) on remeasurement of ROU asset depleted   $ 500
v3.25.0.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Leases [Abstract]    
Remaining in 2025 $ 2,535  
2026 3,048  
2027 2,856  
2028 2,816  
2029 2,841  
Thereafter 12,703  
Total undiscounted future minimum lease payments 26,799  
Discount (3,049)  
Total operating lease liabilities $ 23,750 $ 26,000
v3.25.0.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Leases [Abstract]      
Weighted-average discount rate 2.50%   2.45%
Weighted-average remaining lease term (years) 8 years 10 months 28 days   8 years 9 months 10 days
Lease expense $ 919 $ 1,025  
Short-term and variable lease cost 21 (7)  
Sublease income (352) (370)  
Total lease cost for operating leases $ 588 $ 648  
v3.25.0.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Aug. 25, 2023
Sep. 03, 2021
Equity, Class of Treasury Stock [Line Items]          
Stock repurchased during the period (in shares) 66,446 103,641      
Stock repurchased during the period, value $ 4.6 $ 4.9      
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) 701,860 232,588      
Remaining number of shares authorized to be repurchased (in shares) 6,298,140        
v3.25.0.1
STOCK COMPENSATION - Narrative (Details)
$ in Millions
 3 Months Ended
Dec. 31, 2024
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 | $ $ 13.7
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 11 months 12 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%
v3.25.0.1
STOCK COMPENSATION - Share Activity (Details)
 3 Months Ended
Dec. 31, 2024
$ / shares
shares
Restricted Stock Awards  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 248,670
Granted (in shares) | shares 0
Vested (in shares) | shares (164,069)
Forfeited or expired (in shares) | shares (782)
Nonvested shares outstanding, end of period (in shares) | shares 83,819
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 0
Vested (in dollars per share) | $ / shares 37.80
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 84,038
Vested (in shares) | shares 0
Forfeited or expired (in shares) | shares 0
Nonvested shares outstanding, end of period (in shares) | shares 84,038
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 0
Granted (in dollars per share) | $ / shares 79.66
Vested (in dollars per share) | $ / shares 0
Forfeited or expired (in dollars per share) | $ / shares 0
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 79.66
PSUs  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) | shares 142,462
Granted (in shares) | shares 33,136
Vested (in shares) | shares (34,304)
Forfeited or expired (in shares) | shares 0
Nonvested shares outstanding, end of period (in shares) | shares 141,294
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 79.63
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 $ 52.42
v3.25.0.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Income tax expense $ 6,294 $ 5,719
Effective tax rate 16.60% 17.00%
v3.25.0.1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Provision at statutory rate $ 7,921 $ 7,009
Tax-exempt income (168) (174)
State income taxes 1,243 1,228
Interim period effective rate adjustment 1,659 2,806
Tax credit investments, net - federal (3,167) (4,377)
IRC 162(m) nondeductible compensation 55 (280)
Other, net (1,249) (493)
Income tax expense $ 6,294 $ 5,719
Effective tax rate 16.60% 17.00%
v3.25.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]    
Net interest income $ 116,133 $ 110,036
(Loss) on sale of securities (15,671) 0
Gain on divestitures 16,404 0
Gain (loss) on sale of loans and leases 4,378 (31)
Gain on sale of other 987 2,871
Other income 7,637 5,179
Noninterest income 57,378 52,761
Revenue 173,511 162,797
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 410 422
Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 459 111
Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 29,066 30,750
Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 13,708 13,459
Consumer    
Disaggregation of Revenue [Line Items]    
Net interest income 69,127 59,356
(Loss) on sale of securities 0 0
Gain on divestitures 0 0
Gain (loss) on sale of loans and leases 40 (31)
Gain on sale of other 0 0
Other income 3,864 1,778
Noninterest income 33,601 32,787
Revenue 102,728 92,143
Consumer | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 410 422
Consumer | Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 459 111
Consumer | Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 28,828 30,507
Consumer | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 0 0
Commercial    
Disaggregation of Revenue [Line Items]    
Net interest income 46,111 45,881
(Loss) on sale of securities 0 0
Gain on divestitures 0 0
Gain (loss) on sale of loans and leases 4,338 0
Gain on sale of other 531 362
Other income 2,630 2,166
Noninterest income 21,239 15,999
Revenue 67,350 61,880
Commercial | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 0 0
Commercial | Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 0 0
Commercial | Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 232 236
Commercial | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 13,508 13,235
Corporate Services/Other    
Disaggregation of Revenue [Line Items]    
Net interest income 895 4,799
(Loss) on sale of securities (15,671) 0
Gain on divestitures 16,404 0
Gain (loss) on sale of loans and leases 0 0
Gain on sale of other 456 2,509
Other income 1,143 1,235
Noninterest income 2,538 3,975
Revenue 3,433 8,774
Corporate Services/Other | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 0 0
Corporate Services/Other | Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income: 0 0
Corporate Services/Other | Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income: 6 7
Corporate Services/Other | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income: $ 200 $ 224
v3.25.0.1
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
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 $ 116,133 $ 110,036    
Provision for (reversal of) credit loss 12,032 9,890    
Noninterest income 57,378 52,761    
Noninterest expense 123,559 119,274    
Income before income tax expense 37,920 33,633    
Total assets 7,622,342 7,927,437 $ 7,549,336  
Total goodwill 297,928 309,505 309,505 $ 309,505
Total deposits 6,518,953 6,936,055    
Consumer        
Segment data [Abstract]        
Net interest income 69,127 59,356    
Provision for (reversal of) credit loss 4,095 3,454    
Noninterest income 33,601 32,787    
Noninterest expense 49,142 50,013    
Income before income tax expense 49,491 38,676    
Total assets 535,134 563,706    
Total goodwill 87,145 87,145 87,145 87,145
Total deposits 6,305,236 6,587,052    
Commercial        
Segment data [Abstract]        
Net interest income 46,111 45,881    
Provision for (reversal of) credit loss 7,831 6,463    
Noninterest income 21,239 15,999    
Noninterest expense 32,765 34,856    
Income before income tax expense 26,754 20,561    
Total assets 4,086,116 4,206,522    
Total goodwill 210,783 222,360 222,360 222,360
Total deposits 1,439 3,669    
Corporate Services/Other        
Segment data [Abstract]        
Net interest income 895 4,799    
Provision for (reversal of) credit loss 106 (27)    
Noninterest income 2,538 3,975    
Noninterest expense 41,652 34,405    
Income before income tax expense (38,325) (25,604)    
Total assets 3,001,092 3,157,209    
Total goodwill 0 0 $ 0 $ 0
Total deposits $ 212,278 $ 345,334    
v3.25.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 3,563 3,303
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,480,090 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 21,000 19,750
SBA securities 30,529 81,935
Obligations of states and political subdivisions 200 480
Non-bank qualified obligations of states and political subdivisions 200,725 217,990
Asset-backed securities 180,930 189,698
Mortgage-backed securities 1,046,706 1,231,368
Total debt securities AFS 1,480,090 1,741,221
Common equities and mutual funds 3,563 3,303
Non-marketable equity securities 11,870 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 3,563 3,303
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 21,000 19,750
SBA securities 30,529 81,935
Obligations of states and political subdivisions 200 480
Non-bank qualified obligations of states and political subdivisions 200,725 217,990
Asset-backed securities 180,930 189,698
Mortgage-backed securities 1,046,706 1,231,368
Total debt securities AFS 1,480,090 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
v3.25.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2024
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) 45.00%  
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 4,501,798 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 $ 4,751 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) 45.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 4,751 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 4,751 7,652
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 4,751 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 4,751 7,652
Nonrecurring | Total loans and leases, net individually evaluated for credit loss    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 4,751 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 $ 4,751 $ 7,652
v3.25.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Financial assets    
Debt securities held to maturity $ 27,431 $ 30,236
Level 1    
Financial assets    
Cash and cash equivalents 597,396 158,337
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 3,563 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 35,279 31,385
Financial liabilities    
Deposits 6,514,740 5,845,879
Overnight federal funds purchased   377,000
Other short- and long-term borrowings 0 0
Accrued interest payable 771 571
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,480,090 1,741,221
Debt securities held to maturity 27,431 30,236
Common equities and mutual funds 0 0
Non-marketable equity securities 9,699 9,522
Loans held for sale 72,648 688,870
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 24,454 36,014
Accrued interest receivable 0 0
Financial liabilities    
Deposits 4,112 29,115
Overnight federal funds purchased   0
Other short- and long-term borrowings 32,332 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 4,501,798 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 597,396 158,337
Debt securities available for sale 1,480,090 1,741,221
Debt securities held to maturity 32,001 33,092
Common equities and mutual funds 3,563 3,303
Non-marketable equity securities 21,569 21,350
Loans held for sale 72,648 688,870
Loans and leases 4,565,947 4,071,071
Federal Reserve Bank and Federal Home Loan Bank stocks 24,454 36,014
Accrued interest receivable 35,279 31,385
Financial liabilities    
Deposits 6,518,953 5,875,085
Overnight federal funds purchased   377,000
Other short- and long-term borrowings 33,380 33,354
Accrued interest payable 771 571
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 597,396 158,337
Debt securities available for sale 1,480,090 1,741,221
Debt securities held to maturity 27,431 30,236
Common equities and mutual funds 3,563 3,303
Non-marketable equity securities 21,569 21,350
Loans held for sale 72,648 688,870
Loans and leases 4,501,798 4,036,490
Federal Reserve Bank and Federal Home Loan Bank stocks 24,454 36,014
Accrued interest receivable 35,279 31,385
Financial liabilities    
Deposits 6,518,852 5,874,994
Overnight federal funds purchased   377,000
Other short- and long-term borrowings 32,332 31,787
Accrued interest payable $ 771 $ 571