PATHWARD FINANCIAL, INC., 10-Q filed on 8/6/2024
Quarterly Report
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Cover Page - shares
 9 Months Ended
Jun. 30, 2024
Jul. 31, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 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, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   24,977,030
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q3  
Amendment Flag false  
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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 298,926 $ 375,580
Securities available for sale, at fair value 1,725,460 1,804,228
Securities held to maturity, at amortized cost (fair value $30,237 and $31,425, respectively) 34,026 36,591
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 24,449 28,210
Loans held for sale 29,380 77,779
Loans and leases 4,612,552 4,366,116
Allowance for credit losses (79,836) (49,705)
Accrued interest receivable 31,755 23,282
Premises, furniture, and equipment, net 36,953 39,160
Rental equipment, net 209,544 211,750
Goodwill and intangible assets 327,018 330,225
Other assets 280,053 292,327
Total assets 7,530,280 7,535,543
LIABILITIES    
Deposits 6,431,516 6,589,182
Short-term borrowings 0 13,000
Long-term borrowings 33,329 33,873
Accrued expenses and other liabilities 300,187 248,863
Total liabilities 6,765,032 6,884,918
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2024 and September 30, 2023, respectively 0 0
Additional paid-in capital 636,284 628,500
Retained earnings 343,392 278,655
Accumulated other comprehensive loss (207,992) (255,443)
Treasury stock, at cost, 129,929 and 41,980 common shares at June 30, 2024 and September 30, 2023, respectively (6,181) (344)
Total equity attributable to parent 765,754 651,630
Noncontrolling interest (506) (1,005)
Total stockholders’ equity 765,248 650,625
Total liabilities and stockholders’ equity 7,530,280 7,535,543
Common stock, $0.01 par value; 90,000,000 shares authorized, 25,215,159 and 26,225,563 shares issued, 25,085,230 and 26,183,583 shares outstanding at June 30, 2024 and September 30, 2023, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 251 262
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2024 and September 30, 2023, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
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Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 30,237 $ 31,425
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) 129,929 41,980
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) 25,215,159 26,225,563
Common stock, shares outstanding (in shares) 25,085,230 26,183,583
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
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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and dividend income:        
Loans and leases, including fees $ 95,871 $ 81,242 $ 293,584 $ 233,517
Mortgage-backed securities 9,748 10,234 29,795 30,972
Other investments 8,323 7,870 33,222 24,604
Total interest and dividend income 113,942 99,346 356,601 289,093
Interest expense:        
Deposits 1,689 164 11,900 2,402
FHLB advances and other borrowings 1,394 1,717 5,505 3,764
Total interest expense 3,083 1,881 17,405 6,166
Net interest income 110,859 97,465 339,196 282,927
Provision for credit loss 5,881 1,773 41,823 48,312
Net interest income after provision for credit loss 104,978 95,692 297,373 234,615
Noninterest income:        
Gain on sale of trademarks 0 0 0 10,000
Gain on sale of other 4,675 821 9,210 657
Other income 4,965 5,889 16,188 13,921
Noninterest income 65,871 67,733 247,577 260,548
Noninterest expense:        
Compensation and benefits 48,449 47,402 149,174 137,966
Refund transfer product expense 2,136 1,727 9,694 9,695
Refund advance expense 47 239 1,923 1,869
Card processing 34,314 26,342 104,061 75,949
Occupancy and equipment expense 9,070 8,595 27,211 25,417
Operating lease equipment depreciation 10,465 10,517 31,312 34,864
Legal and consulting 5,410 5,089 16,443 19,469
Intangible amortization 983 1,168 3,207 3,861
Impairment expense 999 2,749 3,012 3,273
Other expense 11,806 10,750 37,347 34,410
Total noninterest expense 123,679 114,578 383,384 346,773
Income before income tax expense 47,170 48,847 161,566 148,390
Income tax expense 5,123 3,243 26,088 18,996
Net income before noncontrolling interest 42,047 45,604 135,478 129,394
Net income attributable to noncontrolling interest 212 508 718 1,685
Net income attributable to parent $ 41,835 $ 45,096 $ 134,760 $ 127,709
Earnings per common share:        
Basic (in dollars per share) $ 1.66 $ 1.69 $ 5.27 $ 4.63
Diluted (in dollars per share) $ 1.66 $ 1.68 $ 5.27 $ 4.62
Refund transfer product fees        
Noninterest income:        
Noninterest income: $ 9,111 $ 8,262 $ 38,475 $ 39,144
Refund advance fee income        
Noninterest income:        
Noninterest income: (67) (927) 43,244 37,685
Card and deposit fees        
Noninterest income:        
Noninterest income: 33,408 39,708 99,502 119,513
Rental income        
Noninterest income:        
Noninterest income: $ 13,779 $ 13,980 $ 40,958 $ 39,628
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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income before noncontrolling interest $ 42,047 $ 45,604 $ 135,478 $ 129,394
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on debt securities (1,463) (26,673) 63,659 6,483
Total (1,463) (26,673) 63,659 6,483
Unrealized gain (loss) on currency translation (297) 495 (260) 942
Deferred income tax effect (338) (6,111) 15,948 2,241
Total other comprehensive income (loss) (1,422) (20,067) 47,451 5,184
Total comprehensive income 40,625 25,537 182,929 134,578
Total comprehensive income attributable to noncontrolling interest 212 508 718 1,685
Comprehensive income attributable to parent $ 40,413 $ 25,029 $ 182,211 $ 132,893
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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, 2022 $ 645,140 $ 645,170 $ 288 $ 617,403 $ 245,394 $ (213,080) $ (4,835) $ (30)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (4,115) (4,115)     (4,115)      
Issuance of common stock due to restricted stock 1 1 1          
Repurchases of common stock (103,996) (103,996) (23) 23 (101,888)   (2,108)  
Stock compensation 8,399 8,399   8,399        
Total other comprehensive income (loss) 5,184 5,184       5,184    
Net income 129,394 127,709     127,709     1,685
Net distribution to noncontrolling interest (2,286)             (2,286)
Ending Balance at Jun. 30, 2023 677,721 678,352 266 625,825 267,100 (207,896) (6,943) (631)
Beginning Balance at Mar. 31, 2023 673,244 673,795 271 623,250 245,046 (187,829) (6,943) (551)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,327) (1,327)     (1,327)      
Repurchases of common stock (21,715) (21,715) (5) 5 (21,715)      
Stock compensation 2,570 2,570   2,570        
Total other comprehensive income (loss) (20,067) (20,067)       (20,067)    
Net income 45,604 45,096     45,096     508
Net distribution to noncontrolling interest (588)             (588)
Ending Balance at Jun. 30, 2023 677,721 678,352 266 625,825 267,100 (207,896) (6,943) (631)
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 (3,824) (3,824)     (3,824)      
Issuance of common stock due to restricted stock 3 3 3          
Repurchases of common stock (71,513) (71,513) (14) 14 (65,676)   (5,837)  
Stock compensation 7,770 7,770   7,770        
Total other comprehensive income (loss) 47,451 47,451       47,451    
Joint venture membership interest divestiture (523) (523)     (523)      
Net income 135,478 134,760     134,760     718
Net distribution to noncontrolling interest (219)             (219)
Ending Balance at Jun. 30, 2024 765,248 765,754 251 636,284 343,392 (207,992) (6,181) (506)
Beginning Balance at Mar. 31, 2024 739,462 739,882 254 634,415 317,964 (206,570) (6,181) (420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,257) (1,257)     (1,257)      
Repurchases of common stock (15,150) (15,150) (3) 3 (15,150)      
Stock compensation 1,866 1,866   1,866        
Total other comprehensive income (loss) (1,422) (1,422)       (1,422)    
Net income 42,047 41,835     41,835     212
Net distribution to noncontrolling interest (298)             (298)
Ending Balance at Jun. 30, 2024 $ 765,248 $ 765,754 $ 251 $ 636,284 $ 343,392 $ (207,992) $ (6,181) $ (506)
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Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]        
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income before noncontrolling interest $ 135,478 $ 129,394
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 43,832 49,506
Provision for credit loss 41,823 48,312
Provision for deferred taxes 7,762 4,895
Originations of loans held for sale (1,426,973) (941,502)
Proceeds from sales of loans held for sale 1,468,162 870,132
Net change in loans held for sale 18,062 5,456
Net realized (gain) on loans held for sale (3,091) (235)
Net realized (gain) on trademarks 0 (10,000)
Net realized (gain) on other (6,119) (91)
Impairment on rental equipment 2,013 24
Net change in accrued interest receivable (8,473) (4,353)
Net change in other assets (13,705) 22,193
Net change in accrued expenses and other liabilities 51,978 6,519
Stock compensation 7,770 8,399
Net cash provided by operating activities 318,519 188,649
Cash flows from investing activities:    
Purchases of securities available for sale 0 (150,751)
Proceeds from maturities of and principal collected on securities available for sale 141,801 127,071
Proceeds from maturities of and principal collected on securities held to maturity 2,430 3,758
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (276,025) (206,104)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 279,787 204,026
Purchases of loans and leases (229,912) (197,549)
Net change in loans and leases 147,134 (42,484)
Purchases of premises, furniture, and equipment (5,784) (4,973)
Purchases of rental equipment (221,681) (373,063)
Proceeds from sales of rental equipment 7,302 9,373
Net change in rental equipment 408 (279)
Proceeds from sales of foreclosed real estate and repossessed assets 0 1
Proceeds from sale of trademarks 0 10,000
Proceeds from sale of other assets 6,466 0
Net cash (used in) investing activities (148,074) (620,974)
Cash flows from financing activities:    
Net change in deposits (157,666) 440,939
Net change in short-term borrowings (13,000) 230,000
Principal payments on other liabilities (621) (1,416)
Payment of debt issuance costs 0 (511)
Dividends paid on common stock (3,824) (4,115)
Issuance of common stock due to restricted stock 3 1
Repurchases of common stock (71,513) (103,996)
Investment by (distributions to) noncontrolling interest (219) (2,286)
Net cash provided by (used in) financing activities (246,840) 558,616
Effect of exchange rate changes on cash (259) 942
Net change in cash and cash equivalents (76,654) 127,233
Cash and cash equivalents at beginning of fiscal year 375,580 388,038
Cash and cash equivalents at end of fiscal period 298,926 515,271
Supplemental disclosure of cash flow information:    
Interest 15,988 5,556
Income taxes 13,996 11,260
Franchise and other taxes 620 649
Supplemental schedule of non-cash investing activities:    
Trade Date Purchases - AFS 0 3,026
Held for sale to loans and leases 8,403 158
Loans and leases to rental equipment 3,847 2,168
Rental equipment to loan and leases 187,505 311,278
Recognition of operating lease ROU assets, net of measurements 654 0
Joint venture membership interest divestiture $ 523 $ 0
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BASIS OF PRESENTATION
 9 Months Ended
Jun. 30, 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, 2023 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 21, 2023. Accordingly, footnote disclosures which would substantially duplicate the disclosures contained in the audited consolidated financial statements have been omitted.

The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The results of the three and nine months ended June 30, 2024 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2024.

Certain prior fiscal year amounts have been reclassified to conform to the current year financial statement presentation. These reclassifications did not impact previously reported net income, comprehensive income or the statement of financial condition.

Additionally, certain prior fiscal year amounts within Note 4. Loans and Leases, Net have been revised. Prior fiscal year tables that were revised include the amortized cost basis of loans and leases by asset classification and year of origination, nonaccrual loans and leases by year of origination, and loans and leases that are 90 days or more delinquent and accruing by year of origination. The revisions were related to the year of origination and did not impact total loan balances, total asset classification balances, total nonaccrual balances, or total past due loan balances.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 9 Months Ended
Jun. 30, 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, 2023 remain substantially unchanged.

The following ASU became effective for the Company on October 1, 2023, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this ASU eliminate accounting guidance for troubled-debt restructurings ("TDRs") by creditors in Subtopic ASC 310-40, Receivables – Troubled Debt Restructurings by Creditors, and enhance disclosure requirements for certain loan refinancings and restructurings when a borrower is experiencing financial difficulty. The ASU also requires current-period gross charge-offs by year of origination to be disclosed for loans and leases within scope of Topic 326.
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SECURITIES
 9 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
At June 30, 2024
Corporate securities$25,000 $— $(5,375)$19,625 
SBA securities90,960 — (7,389)83,571 
Obligations of states and political subdivisions502 — (36)466 
Non-bank qualified obligations of states and political subdivisions252,583 8 (36,424)216,167 
Asset-backed securities211,421 418 (4,679)207,160 
Mortgage-backed securities1,420,440 3 (221,972)1,198,471 
Total debt securities AFS$2,000,906 $429 $(275,875)$1,725,460 
At September 30, 2023
Corporate securities$25,000 $— $(6,750)$18,250 
SBA securities95,549 — (10,307)85,242 
Obligations of states and political subdivisions2,368 — (79)2,289 
Non-bank qualified obligations of states and political subdivisions269,396 — (42,673)226,723 
Asset-backed securities255,384 234 (9,419)246,199 
Mortgage-backed securities1,495,636 — (270,111)1,225,525 
Total debt securities AFS$2,143,333 $234 $(339,339)$1,804,228 
Debt Securities HTM
At June 30, 2024
Non-bank qualified obligations of states and political subdivisions$31,970 $— $(3,521)$28,449 
Mortgage-backed securities2,056 — (268)1,788 
Total debt securities HTM$34,026 $— $(3,789)$30,237 
At September 30, 2023
Non-bank qualified obligations of states and political subdivisions$34,415 $— $(4,844)$29,571 
Mortgage-backed securities2,176 — (322)1,854 
Total debt securities HTM$36,591 $— $(5,166)$31,425 
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At June 30, 2024
Corporate securities$— $— $19,625 $(5,375)$19,625 $(5,375)
SBA securities— — 83,571 (7,389)83,571 (7,389)
Obligations of state and political subdivisions— — 466 (36)466 (36)
Non-bank qualified obligations of states and political subdivisions— — 214,139 (36,424)214,139 (36,424)
Asset-backed securities— — 94,518 (4,679)94,518 (4,679)
Mortgage-backed securities2,635 (42)1,194,791 (221,930)1,197,426 (221,972)
Total debt securities AFS$2,635 $(42)$1,607,110 $(275,833)$1,609,745 $(275,875)
At September 30, 2023
Corporate securities$— $— $18,250 $(6,750)$18,250 $(6,750)
SBA securities22,327 (1,919)62,915 (8,388)85,242 (10,307)
Obligations of state and political subdivisions— — 2,289 (79)2,289 (79)
Non-bank qualified obligations of states and political subdivisions5,010 (83)221,714 (42,590)226,723 (42,673)
Asset-backed securities46,528 (224)115,608 (9,195)162,136 (9,419)
Mortgage-backed securities18,311 (944)1,207,214 (269,167)1,225,525 (270,111)
Total debt securities AFS$92,176 $(3,170)$1,627,990 $(336,169)$1,720,165 $(339,339)
Debt Securities HTM
At June 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $28,449 $(3,521)$28,449 $(3,521)
Mortgage-backed securities— — 1,788 (268)1,788 (268)
Total debt securities HTM$— $— $30,237 $(3,789)$30,237 $(3,789)
At September 30, 2023
Non-bank qualified obligations of states and political subdivisions$— $— $29,571 $(4,844)$29,571 $(4,844)
Mortgage-backed securities— — 1,854 (322)1,854 (322)
Total debt securities HTM$— $— $31,425 $(5166)$31,425 $(5,166)

The decrease in the fair value of investment securities balances when comparing June 30, 2024 to September 30, 2023 was primarily driven by principal pay downs during the nine months. At June 30, 2024, there were 193 securities AFS in an unrealized loss position. All of the mortgage-backed securities ("MBS") in an unrealized loss position at June 30, 2024 were government guaranteed. Management assessed each investment security with unrealized losses for credit loss 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 June 30, 2024, there was no allowance for credit losses ("ACL") for debt securities AFS or debt securities HTM.
The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that 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 June 30, 2024At September 30, 2023
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$513 $506 $5,023 $4,971 
Due after one year through five years20,007 18,631 11,175 10,292 
Due after five years through ten years72,379 63,601 79,139 66,428 
Due after ten years487,567 444,251 552,360 497,012 
580,466 526,989 647,697 578,703 
Mortgage-backed securities1,420,440 1,198,471 1,495,636 1,225,525 
Total debt securities AFS$2,000,906 $1,725,460 $2,143,333 $1,804,228 
Debt Securities HTM
Due after ten years$31,970 $28,449 $34,415 $29,571 
31,970 28,449 34,415 29,571 
Mortgage-backed securities2,056 1,788 2,176 1,854 
Total debt securities HTM$34,026 $30,237 $36,591 $31,425 

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 June 30, 2024 and September 30, 2023. 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 $8.5 million at June 30, 2024 and at September 30, 2023, 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 $4.3 million and $3.4 million in marketable equity securities within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2024 and September 30, 2023, respectively. The Company recognized $0.2 million unrealized losses on marketable equity securities during the nine months ended June 30, 2024 and 2023. No such securities were sold during the nine months ended June 30, 2024.
Non-marketable equity securities with a readily determinable fair value totaled $10.5 million and $8.4 million at June 30, 2024 and September 30, 2023, respectively. These securities are held within other assets on the Condensed Consolidated Statements of Financial Condition. The Company recognized $0.6 million in unrealized gains and $0.1 million in unrealized losses during the nine months ended June 30, 2024 and 2023, respectively. No such securities were sold during the nine months ended June 30, 2024.

Non-marketable equity securities without readily determinable fair value totaled $13.8 million and $16.2 million at June 30, 2024 and September 30, 2023, 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 June 30, 2024, the Company recognized a $2.4 million gain on Visa shares previously carried at cost basis of $0 since 2008. On April 8, 2024, Visa Inc. announced the commencement of an exchange offer for Visa Class B-1 common stock and the Company subsequently tendered its Visa Class B-1 common stock in exchange for a combination of Visa Class C common stock and Visa Class B-2 common stock. After entering the exchange, the Company sold its Visa Class C and Visa Class B-2 common stock in the secondary market. There was one additional such security sold during the nine months ended June 30, 2024 for a $2.5 million gain which is included in gain on sale of other on the Condensed Consolidated Statements of Operations.

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 $1.0 million and $3.2 million impairment for such investments for the nine months ended June 30, 2024 and 2023, respectively.
v3.24.2.u1
LOANS AND LEASES, NET
 9 Months Ended
Jun. 30, 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)June 30, 2024September 30, 2023
Term lending$1,533,722 $1,308,133 
Asset-based lending473,289 382,371 
Factoring350,740 358,344 
Lease financing155,044 183,392 
Insurance premium finance617,054 800,077 
SBA/USDA563,689 524,750 
Other commercial finance166,653 166,091 
Commercial finance3,860,191 3,723,158 
Consumer finance253,358 254,416 
Tax services43,184 5,192 
Warehouse finance449,962 376,915 
Total loans and leases4,606,695 4,359,681 
Net deferred loan origination costs5,857 6,435 
Total gross loans and leases4,612,552 4,366,116 
Allowance for credit losses(79,836)(49,705)
Total loans and leases, net$4,532,716 $4,316,411 

During the nine months ended June 30, 2024 and 2023, the Company originated $1.43 billion and $941.5 million of commercial finance and consumer finance as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $1.47 billion and a $3.1 million gain on sale during the nine months ended June 30, 2024. The Company sold held for sale loans resulting in proceeds of $870.1 million and gain on sale of $0.2 million during the nine months ended June 30, 2023.
Loans purchased and sold by portfolio segment, including participation interests, were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Loans Purchased
Loans held for investment:
Commercial finance$11,000 $— $11,000 $— 
Warehouse finance55,821 9,715 218,912 197,549 
Total purchases$66,821 $9,715 $229,912 $197,549 
Loans Sold
Loans held for sale:
Commercial finance$24,173 $11,114 $49,218 $12,263 
Consumer finance474,991 254,655 1,418,944 857,869 
Total sales$499,164 $265,769 $1,468,162 $870,132 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)June 30, 2024September 30, 2023
Minimum lease payments receivable$164,458 $191,807 
Unguaranteed residual assets10,442 12,709 
Unamortized initial direct costs62 141 
Unearned income(19,846)(21,124)
Total net investment in direct financing and sales-type leases$155,116 $183,533 

The components of total lease income were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$2,908 $2,858 $8,869 $8,821 
Leasing and equipment finance noninterest income
Lease income from operating lease payments13,589 13,780 40,449 39,176 
Other(1)
1,051 833 2,644 1,179 
Total leasing and equipment finance noninterest income14,640 14,613 43,093 40,355 
Total lease income$17,548 $17,471 $51,962 $49,176 
(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 June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$17,056 
202554,962 
202636,939 
202722,897 
202817,622 
Thereafter14,982 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases164,458 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$164,458 

The Company did not record any contingent rental income from direct financing and sales-type leases in the nine months ended June 30, 2024.

A number of factors affected the economic environment in 2023 including geopolitical conflict, supply chain disruptions, inflation, rising interest rates, and bank failures brought on by, among other things, rising interest rates, deposit outflows and liquidity crises. While the ultimate impact of these factors, some of which continue to impact the economic environment in 2024, on the Company's loan and lease portfolio remains difficult to predict, 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 and balances of loans and leases by portfolio segment was as follows:
Three Months Ended June 30, 2024
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,627 $5,962 $(4,628)$698 $30,659 
Asset-based lending1,215 10 — 9 1,234 
Factoring6,814 1,369 (2,389)18 5,812 
Lease financing1,551 (86)— 29 1,494 
Insurance premium finance1,409 480 (263)26 1,652 
SBA/USDA2,942 358 (456)— 2,844 
Other commercial finance1,720 (321)— — 1,399 
Commercial finance44,278 7,772 (7,736)780 45,094 
Consumer finance4,576 1,099 (36)— 5,639 
Tax services31,528 (3,285)(820)1,230 28,653 
Warehouse finance395 55 — — 450 
Total loans and leases80,777 5,641 (8,592)2,010 79,836 
Unfunded commitments(1)
743 240 — — 983 
Total $81,520 $5,881 $(8,592)$2,010 $80,819 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended June 30, 2023
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,415 $250 $(2,852)$825 $26,638 
Asset-based lending1,081 68 — 154 1,303 
Factoring5,588 493 (140)1 5,942 
Lease financing4,549 (355)(302)(26)3,866 
Insurance premium finance1,263 1,094 (443)158 2,072 
SBA/USDA2,640 24 — — 2,664 
Other commercial finance4,332 (253)— — 4,079 
Commercial finance47,868 1,321 (3,737)1,112 46,564 
Consumer finance2,965 738 (1,860)— 1,843 
Tax services33,094 (229)(404)671 33,132 
Warehouse finance377 — — — 377 
Total loans and leases84,304 1,830 (6,001)1,783 81,916 
Unfunded commitments(1)
356 (57)— — 299 
Total $84,660 $1,773 $(6,001)$1,783 $82,215 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Nine Months Ended June 30, 2024
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$25,686 $18,087 $(14,925)$1,811 $30,659 
Asset-based lending2,738 (1,754)— 250 1,234 
Factoring6,566 1,497 (2,424)173 5,812 
Lease financing3,302 (1,867)(125)184 1,494 
Insurance premium finance2,637 (291)(923)229 1,652 
SBA/USDA2,962 338 (456)— 2,844 
Other commercial finance3,089 (1,690)— — 1,399 
Commercial finance46,980 14,320 (18,853)2,647 45,094 
Consumer finance2,346 3,427 (136)2 5,639 
Tax services2 23,292 (1,965)7,324 28,653 
Warehouse finance377 73 — — 450 
Total loans and leases49,705 41,112 (20,954)9,973 79,836 
Unfunded commitments(1)
272 711 — — 983 
Total $49,977 $41,823 $(20,954)$9,973 $80,819 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Nine Months Ended June 30, 2023
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$24,621 $7,895 $(7,374)$1,496 $26,638 
Asset-based lending1,050 2,972 (2,873)154 1,303 
Factoring6,556 (311)(323)20 5,942 
Lease financing5,902 (976)(1,315)255 3,866 
Insurance premium finance1,450 1,202 (852)272 2,072 
SBA/USDA3,263 (625)— 26 2,664 
Other commercial finance1,310 2,769 — — 4,079 
Commercial finance44,152 12,926 (12,737)2,223 46,564 
Consumer finance1,463 2,573 (2,193)— 1,843 
Tax services5 32,830 (2,135)2,432 33,132 
Warehouse finance327 50 — — 377 
Total loans and leases45,947 48,379 (17,065)4,655 81,916 
Unfunded commitments(1)
366 (67)— — 299 
Total $46,312 $48,312 $(17,065)$4,655 $82,215 
(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 June 30, 2024At September 30, 2023
Term lending$14,425 $3,516 
Asset-based lending— 19,226 
Factoring— 1,133 
Lease financing5,909 630 
SBA/USDA1,419 750 
Commercial finance(1)
21,753 25,255 
Total$21,753 $25,255 
(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 $109.0 million and $117.0 million at June 30, 2024 and at September 30, 2023, 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 210 days or more for insurance premium finance, 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 $253.4 million and $43.2 million at June 30, 2024, respectively, and $254.4 million and $5.2 million at September 30, 2023, 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 June 30, 202420242023202220212020Prior
Term lending
Pass$401,657 $475,168 $119,617 $67,910 $52,871 $46,207 $— $1,163,430 
Watch68,494 56,746 40,545 45,016 2,967 2,676 — 216,444 
Special mention8,797 3,641 7,043 20,568 7,680 21 — 47,750 
Substandard16,990 24,672 16,907 18,418 19,170 2,684 — 98,841 
Doubtful— 2,713 2,355 963 487 739 — 7,257 
Total495,938 562,940 186,467 152,875 83,175 52,327 — 1,533,722 
Current period charge-offs— 1,976 7,241 3,211 1,789 708 — 14,925 
Asset-based lending
Pass— — — — — — 222,125 222,125 
Watch— — — — — — 233,343 233,343 
Special mention— — — — — — 13,875 13,875 
Substandard— — — — — — 3,946 3,946 
Total— — — — — — 473,289 473,289 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 287,625 287,625 
Watch— — — — — — 56,232 56,232 
Special mention— — — — — — 577 577 
Substandard— — — — — — 6,273 6,273 
Doubtful— — — — — — 33 33 
Total— — — — — — 350,740 350,740 
Current period charge-offs— — — — — — 2,424 2,424 
Lease financing
Pass34,430 55,730 18,396 8,546 10,519 2,583 — 130,204 
Watch1,157 — 387 8,489 2,258 8 — 12,299 
Special mention— 265 — 12 192 116 — 585 
Substandard— 5,902 381 2,479 2,015 819 — 11,596 
Doubtful— — — 147 27 186 — 360 
Total35,587 61,897 19,164 19,673 15,011 3,712 — 155,044 
Current period charge-offs— — — 58 67 — — 125 
Insurance premium finance
Pass600,053 16,207 — — — — — 616,260 
Watch228 133 — — — — — 361 
Special mention82 73 — — — — — 155 
Substandard41 108 — — — — — 149 
Doubtful33 96 — — — — — 129 
Total600,437 16,617 — — — — — 617,054 
Current period charge-offs24 726 173 — — — — 923 
SBA/USDA
Pass46,314 181,467 181,385 21,135 30,045 39,910 — 500,256 
Watch— 11,992 — 1,054 11 3,052 — 16,109 
Special mention— — 55 55 — 471 — 581 
Substandard— 11,736 12,281 1,606 9,539 11,180 — 46,342 
Doubtful— 300 — — — 101 — 401 
Total46,314 205,495 193,721 23,850 39,595 54,714 — 563,689 
Current period charge-offs— 250 79 — 127 — — 456 
Other commercial finance
Pass20,667 2,240 9,748 32,361 1,214 72,607 — 138,837 
Watch— 2,490 — — — — — 2,490 
Substandard— 2,645 19 22,662 — — — 25,326 
Total20,667 7,375 9,767 55,023 1,214 72,607 — 166,653 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 449,962 449,962 
Total— — — — — — 449,962 449,962 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass1,103,121 730,812 329,146 129,952 94,649 161,307 959,712 3,508,699 
Watch69,879 71,361 40,932 54,559 5,236 5,736 289,575 537,278 
Special mention8,879 3,979 7,098 20,635 7,872 608 14,452 63,523 
Substandard17,031 45,063 29,588 45,165 30,724 14,683 10,219 192,473 
Doubtful33 3,109 2,355 1,110 514 1,026 33 8,180 
Total$1,198,943 $854,324 $409,119 $251,421 $138,995 $183,360 $1,273,991 $4,310,153 
Current period charge-offs$24 $2,952 $7,493 $3,269 $1,983 $708 $2,424 $18,853 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202320232022202120202019Prior
Term lending
Pass$539,448 $149,190 $99,677 $73,132 $14,368 $85,812 $— $961,627 
Watch53,481 51,036 58,041 12,230 4,483 727 — 179,998 
Special mention26,539 13,853 20,463 723 2,932 75 — 64,585 
Substandard20,437 30,451 14,729 24,613 3,872 764 — 94,866 
Doubtful200 2,655 1,691 1,121 165 1,225 — 7,057 
Total640,105 247,185 194,601 111,819 25,820 88,603 — 1,308,133 
Asset-based lending
Pass— — — — — — 161,744 161,744 
Watch— — — — — — 174,243 174,243 
Special mention— — — — — — 26,382 26,382 
Substandard— — — — — — 19,501 19,501 
Doubtful— — — — — — 501 501 
Total— — — — — — 382,371 382,371 
Factoring
Pass— — — — — — 270,754 270,754 
Watch— — — — — — 70,833 70,833 
Special mention— — — — — — 8,892 8,892 
Substandard— — — — — — 7,865 7,865 
Total— — — — — — 358,344 358,344 
Lease financing
Pass57,123 15,941 15,167 27,489 4,036 1,281 — 121,037 
Watch793 10,436 12,566 4,494 1,579 55 — 29,923 
Special mention— — 847 415 195 — — 1,457 
Substandard14,890 1,983 7,082 3,660 3,062 33 — 30,710 
Doubtful— — 71 61 — 133 — 265 
Total72,806 28,360 35,733 36,119 8,872 1,502 — 183,392 
Insurance premium finance
Pass797,267 1,210 — — — — — 798,477 
Watch858 34 — — — — — 892 
Special mention250 15 — — — — — 265 
Substandard91 20 — — — — — 111 
Doubtful180 152 — — — — — 332 
Total798,646 1,431 — — — — — 800,077 
SBA/USDA
Pass158,675 148,525 26,244 36,274 8,798 18,252 — 396,768 
Watch49,010 48,833 658 51 357 2,572 — 101,481 
Special mention— — 530 — — — — 530 
Substandard252 2,356 1,718 5,418 8,509 7,718 — 25,971 
Total207,937 199,714 29,150 41,743 17,664 28,542 — 524,750 
Other commercial finance
Pass2,330 18,927 32,737 1,137 10,122 69,927 — 135,180 
Watch1,742 — — — — — — 1,742 
Substandard2,753 450 25,708 — — 258 — 29,169 
Total6,825 19,377 58,445 1,137 10,122 70,185 — 166,091 
Warehouse finance
Pass— — — — — — 376,915 376,915 
Total— — — — — — 376,915 376,915 
Total loans and leases
Pass1,554,843 333,793 173,825 138,032 37,324 175,272 809,413 3,222,502 
Watch105,884 110,339 71,265 16,775 6,419 3,354 245,076 559,112 
Special mention26,789 13,868 21,840 1,138 3,127 75 35,274 102,111 
Substandard38,423 35,260 49,237 33,691 15,443 8,773 27,366 208,193 
Doubtful380 2,807 1,762 1,182 165 1,358 501 8,155 
Total$1,726,319 $496,067 $317,929 $190,818 $62,478 $188,832 $1,117,630 $4,100,073 
Past due loans and leases were as follows:
At June 30, 2024
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $29,380 $29,380 $— $— $— 
Term lending22,708 4,523 11,403 38,634 1,495,088 1,533,722 4,843 23,871 28,714 
Asset-based lending— — — — 473,289 473,289 — — — 
Factoring— — — — 350,740 350,740 — 40 40 
Lease financing2,386 51 2,634 5,071 149,973 155,044 2,293 548 2,841 
Insurance premium finance1,584 2,463 1,227 5,274 611,780 617,054 1,227 — 1,227 
SBA/USDA1,546 311 1,807 3,664 560,025 563,689 64 3,154 3,218 
Other commercial finance— — — — 166,653 166,653 — — — 
Commercial finance28,224 7,348 17,071 52,643 3,807,548 3,860,191 8,427 27,613 36,040 
Consumer finance4,496 3,534 8,588 16,618 236,740 253,358 8,588 — 8,588 
Tax services— 43,184 — 43,184 — 43,184 — — — 
Warehouse finance— — — — 449,962 449,962 — — — 
Total loans and leases held for investment32,720 54,066 25,659 112,445 4,494,250 4,606,695 17,015 27,613 44,628 
Total loans and leases$32,720 $54,066 $25,659 $112,445 $4,523,629 $4,636,074 $17,015 $27,613 $44,628 
At September 30, 2023
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$626 $549 $306 $1,481 $76,298 $77,779 $306 $— $306 
Term lending13,898 7,723 11,136 32,757 1,275,376 1,308,133 3,737 15,324 19,061 
Asset-based lending— — 123 123 382,248 382,371 — 18,082 18,082 
Factoring— — — — 358,344 358,344 — 1,298 1,298 
Lease financing6,865 158 4,828 11,851 171,541 183,392 4,242 1,666 5,908 
Insurance premium finance2,159 1,262 2,339 5,760 794,317 800,077 2,339 — 2,339 
SBA/USDA512 — 1,835 2,347 522,403 524,750 833 1,002 1,835 
Other commercial finance— — 91 91 166,000 166,091 91 — 91 
Commercial finance23,434 9,143 20,352 52,929 3,670,229 3,723,158 11,242 37,372 48,614 
Consumer finance2,992 2,425 2,210 7,627 246,789 254,416 2,210 — 2,210 
Tax services— — 5,082 5,082 110 5,192 5,082 — 5,082 
Warehouse finance— — — — 376,915 376,915 — — — 
Total loans and leases held for investment26,426 11,568 27,644 65,638 4,294,043 4,359,681 18,534 37,372 55,906 
Total loans and leases$27,052 $12,117 $27,950 $67,119 $4,370,341 $4,437,460 $18,840 $37,372 $56,212 
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 June 30, 202420242023202220212020Prior
Term lending$9,284 $2,830 $5,082 $1,712 $1,218 $3,745 $— $23,871 $— 
Factoring— — — — — — 40 40 — 
Lease financing— 153 — 155 2 238 — 548 — 
SBA/USDA— 1,037 — — 1,598 519 — 3,154 681 
Commercial finance9,284 4,020 5,082 1,867 2,818 4,502 40 27,613 681 
Total nonaccrual loans and leases$9,284 $4,020 $5,082 $1,867 $2,818 $4,502 $40 $27,613 $681 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At September 30, 202320232022202120202019Prior
Term lending$865 $4,942 $2,933 $2,165 $3,134 $1,285 $— $15,324 $— 
Asset-based lending— — — — — — 18,082 18,082 — 
Factoring— — — — — — 1,298 1,298 — 
Lease financing— — 446 660 — 560 — 1,666 1 
SBA/USDA— 750 — — — 252 — 1,002 — 
Commercial finance865 5,692 3,379 2,825 3,134 2,097 19,380 37,372 1 
Total nonaccrual loans and leases$865 $5,692 $3,379 $2,825 $3,134 $2,097 $19,380 $37,372 $1 

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 June 30, 202420242023202220212020Prior
Term lending$1,570 $2,154 $746 $175 $180 $18 $— $4,843 
Lease financing220 — 1,258 287 53 475 — 2,293 
Insurance premium finance699 528 — — — — — 1,227 
SBA/USDA— — — — 48 16 — 64 
Commercial finance2,489 2,682 2,004 462 281 509 — 8,427 
Consumer finance6,535 1,516 397 140 — — — 8,588 
Total loans and leases held for investment9,024 4,198 2,401 602 281 509 — 17,015 
Total 90 days or more delinquent and accruing$9,024 $4,198 $2,401 $602 $281 $509 $— $17,015 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202320232022202120202019Prior
Loans held for sale$306 $— $— $— $— $— $— $306 
Term lending1,604 1,371 500 233 29 — — 3,737 
Lease financing151 490 979 784 1,794 44 — 4,242 
Insurance premium finance— 414 114 — 334 1,477 — 2,339 
SBA/USDA— — — 833 — — — 833 
Other commercial finance— — — — — 91 — 91 
Commercial finance1,755 2,275 1,593 1,850 2,157 1,612 — 11,242 
Consumer finance891 1,045 246 — — — 28 2,210 
Tax services5,082 — — — — — — 5,082 
Total loans and leases held for investment7,728 3,320 1,839 1,850 2,157 1,612 28 18,534 
Total 90 days or more delinquent and accruing$8,034 $3,320 $1,839 $1,850 $2,157 $1,612 $28 $18,840 

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 June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Term lending$20,007 $12,637 $18,808 $10,397 
Asset-based lending— 15,792 4,896 8,452 
Factoring967 545 2,631 592 
Lease financing635 2,675 1,299 3,308 
SBA/USDA2,853 1,261 2,223 1,353 
Commercial finance24,462 32,910 29,857 24,102 
Total loans and leases$24,462 $32,910 $29,857 $24,102 

The recognized interest income on the Company's nonaccrual loans and leases for the three and nine months ended June 30, 2024 and 2023 was not significant.
Effective October 1, 2023, the Company adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures on a prospective basis. Financial information at and for the three and nine months ended June 30, 2024 is reflected as such. The historical information disclosed is in accordance with Subtopic ASC 310-40, Receivables – Troubled Debt Restructurings by Creditors.

Modifications made to borrowers experiencing financial difficulty during the three and nine months ended June 30, 2024 were $6.1 million and $7.6 million in the commercial finance loan portfolio, respectively. The types of modifications granted were term extensions and reduced payments.

During the three and nine months ended June 30, 2024, the Company had $1.5 million of commercial finance loans where a modification was granted in the previous 12 months in which there was a payment default. As of June 30, 2024, $1.5 million of modifications granted were in the 60-89 days past due category.

No loans were modified in a TDR during the three and nine months ended June 30, 2023. The Company had an immaterial amount and $0.4 million of commercial finance loans that were modified within the previous 12 months experience a payment default during the three and nine months ended June 30, 2023, respectively. TDR net charge-offs and the impact of TDRs on the Company's allowance for credit losses were insignificant during the nine months ended June 30, 2023.
v3.24.2.u1
EARNINGS PER COMMON SHARE ("EPS")
 9 Months Ended
Jun. 30, 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 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 June 30,Nine Months Ended June 30,
(Dollars in thousands, except per share data)2024202320242023
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$41,835 $45,096 $134,760 $127,709 
Dividends and undistributed earnings allocated to participating securities(432)(690)(1,181)(1,920)
Basic net earnings available to common stockholders41,403 44,406 133,579 125,789 
Undistributed earnings allocated to nonvested restricted stockholders419 670 1,148 1,858 
Reallocation of undistributed earnings to nonvested restricted stockholders(419)(667)(1,146)(1,852)
Diluted net earnings available to common stockholders$41,403 $44,409 $133,580 $125,795 
Total weighted-average basic common shares outstanding24,946,085 26,346,693 25,335,621 27,152,773 
Effect of dilutive securities(1)
Performance share units33,733 100,339 29,021 86,028 
Total effect of dilutive securities33,733 100,339 29,021 86,028 
Total weighted-average diluted common shares outstanding24,979,818 26,447,032 25,364,642 27,238,801 
Net earnings per common share:
Basic earnings per common share$1.66 $1.69 $5.27 $4.63 
Diluted earnings per common share(2)
$1.66 $1.68 $5.27 $4.62 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units 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 June 30, 2024 and 2023, respectively, were 260,415 and 409,666 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2024 and 2023, respectively, were 224,035 and 414,539 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.24.2.u1
RENTAL EQUIPMENT, NET
 9 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:
(Dollars in thousands)June 30, 2024September 30, 2023
Computers and IT networking equipment$23,908 $25,094 
Motor vehicles and other136,025 122,845 
Other furniture and equipment39,190 37,637 
Solar panels and equipment135,625 142,355 
Total334,748 327,931 
Accumulated depreciation(126,276)(117,418)
Unamortized initial direct costs1,072 1,237 
Net book value$209,544 $211,750 
Future minimum lease payments expected to be received for operating leases at June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$11,141 
202539,960 
202630,116 
202721,961 
202812,686 
Thereafter12,069 
Total $127,933 
v3.24.2.u1
GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company held a total of $309.5 million of goodwill at June 30, 2024. The recorded goodwill is a result of multiple business combinations that occurred from 2015 to 2018. There have been no changes to the carrying amount of goodwill during the nine months ended June 30, 2024.
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
At September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(790)— (2,018)(399)(3,207)
At June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
Gross carrying amount$13,774 $301 $77,578 $7,732 $99,385 
Accumulated amortization(7,087)(301)(59,568)(3,845)(70,801)
Accumulated impairment— — (10,918)(153)(11,071)
At June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
At September 30, 2022$8,605 $— $12,395 $4,691 $25,691 
Amortization during the period(868)— (2,595)(398)(3,861)
At June 30, 2023$7,737 $— $9,800 $4,293 $21,830 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(6,887)(2,481)(61,370)(5,429)(76,167)
Accumulated impairment— — (10,918)(218)(11,136)
At June 30, 2023$7,737 $— $9,800 $4,293 $21,830 
(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 three months of fiscal 2024 and subsequent fiscal years at June 30, 2024 was as follows:
(Dollars in thousands)
Remaining in 2024$923 
20253,569 
20263,223 
20272,577 
20282,267 
Thereafter4,954 
Total anticipated intangible amortization$17,513 

There were no impairments to intangible assets during the nine months ended June 30, 2024 and 2023. Intangible impairment expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.24.2.u1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 9 Months Ended
Jun. 30, 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 $25.2 million and $26.9 million at June 30, 2024 and September 30, 2023, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $27.0 million and $28.8 million at June 30, 2024 and September 30, 2023, respectively.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$1,121 
20253,985 
20263,435 
20273,152 
20283,095 
Thereafter15,545 
Total undiscounted future minimum lease payments 30,333 
Discount(3,356)
Total operating lease liabilities$26,977 

The weighted-average discount rate and remaining lease term for operating leases were as follows:
June 30, 2024September 30, 2023
Weighted-average discount rate2.44 %2.38 %
Weighted-average remaining lease term (years)8.939.66

The components of total lease costs for operating leases were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Lease expense$990 $978 $3,007 $2,974 
Short-term and variable lease cost21 22 44 106 
Sublease income(314)(368)(953)(1,040)
Total lease cost for operating leases$697 $632 $2,098 $2,040 
v3.24.2.u1
STOCKHOLDERS' EQUITY
 9 Months Ended
Jun. 30, 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 is effective from September 3, 2021 through September 30, 2024. 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 nine months ended June 30, 2024 and 2023, the Company repurchased 1,283,693 and 2,316,814 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 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. As of June 30, 2024, 7,382,743 shares of common stock remained available for repurchase.

For the nine months ended June 30, 2024 and 2023, the Company also repurchased 122,452 and 59,626 shares, or $5.8 million and $2.1 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 nine months ended June 30, 2024 and 2023.
v3.24.2.u1
STOCK COMPENSATION
 9 Months Ended
Jun. 30, 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 performance share units ("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 nine months ended June 30, 2024.
Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2023370,151 $35.87 
Granted178,917 50.41 
Vested(277,447)39.49 
Forfeited or expired(13,864)42.49 
Nonvested shares outstanding, June 30, 2024257,757 $41.71 
Number of Units(1)
Weighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2023155,804 $41.20 
Granted52,125 49.61 
Vested(60,984)55.47 
Forfeited or expired(4,483)44.59 
Performance share units outstanding, June 30, 2024142,462 $47.24 
(1) The activity in this table includes 60,984 shares related to the fiscal year 2021 PSUs, which are included in this table under the assumption of a target performance achievement. The final performance was assessed after September 30, 2023, resulted in an achievement greater than target, and an additional 47,252 shares were allocated to the participants in the plan.

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.

At June 30, 2024, stock-based compensation expense not yet recognized in income totaled $8.5 million, which is expected to be recognized over a weighted average remaining period of 1.54 years.
v3.24.2.u1
INCOME TAXES
 9 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company recorded an income tax expense of $26.1 million for the nine months ended June 30, 2024, resulting in an effective tax rate of 16.15%, compared to an income tax expense of $19.0 million, or an effective tax rate of 12.80%, for the nine months ended June 30, 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 2024. 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.
Nine Months Ended June 30,
(Dollars in thousands)20242023
Provision at statutory rate$33,778 $30,808 
Tax-exempt income(522)(600)
State income taxes6,518 6,109 
Interim period effective rate adjustment(593)(3,065)
Tax credit investments, net - federal(12,556)(13,669)
Research tax credit(602)(805)
IRC 162(m) nondeductible compensation826 928 
Other, net(761)(710)
Income tax expense$26,088 $18,996 
Effective tax rate16.15 %12.80 %
v3.24.2.u1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 9 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
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 13. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended June 30,20242023202420232024202320242023
Net interest income(1)
$57,875 $40,683 $52,494 $53,067 $490 $3,715 $110,859 $97,465 
Noninterest income:
Refund transfer product fees9,111 8,262 — — — — 9,111 8,262 
Refund advance fee income(1)
(67)(927)— — — — (67)(927)
Card and deposit fees33,151 39,450 250 253 7 5 33,408 39,708 
Rental income(1)
— — 13,615 13,756 164 224 13,779 13,980 
Gain on sale of other(1)
20 — 2,264 812 2,391 9 4,675 821 
Other income(1)
2,020 1,929 1,922 1,888 1,023 2,072 4,965 5,889 
Total noninterest income44,235 48,714 18,051 16,709 3,585 2,310 65,871 67,733 
Revenue$102,110 $89,397 $70,545 $69,776 $4,075 $6,025 $176,730 $165,198 
Nine Months Ended June 30,
Net interest income(1)
$173,758 $116,373 $143,288 $142,149 $22,150 $24,405 $339,196 $282,927 
Noninterest income:
Refund transfer product fees38,475 39,144 — — — — 38,475 39,144 
Refund advance fee income(1)
43,244 37,685 — — — — 43,244 37,685 
Card and deposit fees98,755 118,730 727 766 20 17 99,502 119,513 
Rental income(1)
— — 40,444 39,008 514 620 40,958 39,628 
Gain on sale of trademarks— — — — — 10,000 — 10,000 
Gain on sale of other(1)
5 — 4,233 566 4,972 91 9,210 657 
Other income(1)
6,230 4,470 6,395 4,907 3,563 4,544 16,188 13,921 
Total noninterest income186,709 200,029 51,799 45,247 9,069 15,272 247,577 260,548 
Revenue$360,467 $316,402 $195,087 $187,396 $31,219 $39,677 $586,773 $543,475 
(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 nine months ended June 30, 2024.

Refund Transfer Product Fees. Refund transfer fees are specific to the Banking as a Service ("BaaS") 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 BaaS business line and consists 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 BaaS 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 BaaS, 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 BaaS 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").
v3.24.2.u1
SEGMENT REPORTING
 9 Months Ended
Jun. 30, 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 BaaS 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 June 30,20242023202420232024202320242023
Net interest income$57,875 $40,683 $52,494 $53,067 $490 $3,715 $110,859 $97,465 
Provision for (reversal of) credit loss(2,187)508 8,013 1,265 55 — 5,881 1,773 
Noninterest income44,235 48,714 18,051 16,709 3,585 2,310 65,871 67,733 
Noninterest expense49,133 39,666 33,227 33,594 41,319 41,318 123,679 114,578 
Income (loss) before income tax expense55,164 49,223 29,305 34,917 (37,299)(35,293)47,170 48,847 
Total assets450,044 455,540 4,321,893 3,914,924 2,758,343 3,088,161 7,530,280 7,458,625 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits6,190,419 6,130,524 13,592 7,550 227,505 168,902 6,431,516 6,306,976 
Nine Months Ended June 30,
Net interest income$173,758 $116,373 $143,288 $142,149 $22,150 $24,405 $339,196 $282,927 
Provision for credit loss26,719 35,402 15,031 12,860 73 50 41,823 48,312 
Noninterest income186,709 200,029 51,799 45,247 9,069 15,272 247,577 260,548 
Noninterest expense158,598 124,070 106,213 105,189 118,573 117,514 383,384 346,773 
Income (loss) before income tax expense175,150 156,930 73,843 69,347 (87,427)(77,887)161,566 148,390 
Total assets450,044 455,540 4,321,893 3,914,924 2,758,343 3,088,161 7,530,280 7,458,625 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits6,190,419 6,130,524 13,592 7,550 227,505 168,902 6,431,516 6,306,976 
v3.24.2.u1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 9 Months Ended
Jun. 30, 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 Available for Sale and Held to Maturity. Debt securities available for sale are recorded at fair value on a recurring basis and debt securities held to maturity are carried at amortized cost.

The fair value of debt securities available for sale, 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 available for sale and equity securities as they are measured at fair value on a recurring basis.
 At June 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$19,625 $— $19,625 $— 
SBA securities83,571 — 83,571 — 
Obligations of states and political subdivisions466 — 466 — 
Non-bank qualified obligations of states and political subdivisions216,167 — 216,167 — 
Asset-backed securities207,160 — 207,160 — 
Mortgage-backed securities1,198,471 — 1,198,471 — 
Total debt securities AFS$1,725,460 $— $1,725,460 $— 
Common equities and mutual funds(1)
$4,286 $4,286 $— $— 
Non-marketable equity securities(2)
$10,495 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2024.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
 At September 30, 2023
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$18,250 $— $18,250 $— 
SBA securities85,242 — 85,242 — 
Obligations of states and political subdivisions2,289 — 2,289 — 
Non-bank qualified obligations of states and political subdivisions226,723 — 226,723 — 
Asset-backed securities246,199 — 246,199 — 
Mortgage-backed securities1,225,525 — 1,225,525 — 
Total debt securities AFS$1,804,228 $— $1,804,228 $— 
Common equities and mutual funds(1)
$3,378 $3,378 $— $— 
Non-marketable equity securities(2)
$8,389 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2023.
(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 33%.
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 June 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,418 $— $— $8,418 
    Total loans and leases, net individually evaluated for credit loss8,418 — — 8,418 
Total$8,418 $— $— $8,418 
 At September 30, 2023
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$21,829 $— $— $21,829 
    Total loans and leases, net individually evaluated for credit loss21,829 — — 21,829 
Total$21,829 $— $— $21,829 
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
June 30, 2024
Fair Value at
September 30, 2023
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,418 $21,829 Market approach
Appraised values(1)
3% - 33%
(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 33%.

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 June 30, 2024 and September 30, 2023 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 June 30, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$298,926 $298,926 $298,926 $— $— 
Debt securities available for sale1,725,460 1,725,460 — 1,725,460 — 
Debt securities held to maturity34,026 30,237 — 30,237 — 
Common equities and mutual funds(1)
4,286 4,286 4,286 — — 
Non-marketable equity securities(1)(2)
20,017 20,017 — 9,522 — 
Loans held for sale29,380 29,380 — 29,380 — 
Loans and leases4,606,695 4,565,649 — — 4,565,649 
Federal Reserve Bank and Federal Home Loan Bank stocks24,449 24,449 — 24,449 — 
Accrued interest receivable31,755 31,755 31,755 — — 
Financial liabilities
Deposits6,431,516 6,431,235 6,389,937 41,298 — 
Overnight federal funds purchased— — — — — 
Other short- and long-term borrowings33,329 31,443 — 31,443 — 
Accrued interest payable1,664 1,664 1,664 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 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.
 At September 30, 2023
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$375,580 $375,580 $375,580 $— $— 
Debt securities available for sale1,804,228 1,804,228 — 1,804,228 — 
Debt securities held to maturity36,591 31,425 — 31,425 — 
Common equities and mutual funds(1)
3,378 3,378 3,378 — — 
Non-marketable equity securities(1)(2)
20,453 20,453 — 12,064 — 
Loans held for sale77,779 77,779 — 77,779 — 
Loans and leases4,359,681 4,223,010 — — 4,223,010 
Federal Reserve Bank and Federal Home Loan Bank stocks28,210 28,210 — 28,210 — 
Accrued interest receivable23,282 23,282 23,282 — — 
Financial liabilities
Deposits6,589,182 6,589,065 6,583,648 5,417 — 
Overnight federal funds purchased13,000 13,000 13,000 — — 
Other short- and long-term borrowings33,873 31,187 — 31,187 — 
Accrued interest payable247 247 247 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2023.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.24.2.u1
SUBSEQUENT EVENTS
 9 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Management has evaluated subsequent events that occurred after June 30, 2024. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management did not identify any material subsequent events that would require recognition or disclosure in our Condensed Consolidated Financial Statements as of or for the quarter ended June 30, 2024.
v3.24.2.u1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure        
Net income attributable to Pathward Financial, Inc. $ 41,835 $ 45,096 $ 134,760 $ 127,709
v3.24.2.u1
Insider Trading Arrangements - Director and Officer Trading Arrangement [Member]
 3 Months Ended
Jun. 30, 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
v3.24.2.u1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 9 Months Ended
Jun. 30, 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, 2023 remain substantially unchanged.

The following ASU became effective for the Company on October 1, 2023, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in this ASU eliminate accounting guidance for troubled-debt restructurings ("TDRs") by creditors in Subtopic ASC 310-40, Receivables – Troubled Debt Restructurings by Creditors, and enhance disclosure requirements for certain loan refinancings and restructurings when a borrower is experiencing financial difficulty. The ASU also requires current-period gross charge-offs by year of origination to be disclosed for loans and leases within scope of Topic 326.
v3.24.2.u1
SECURITIES (Tables)
 9 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
At June 30, 2024
Corporate securities$25,000 $— $(5,375)$19,625 
SBA securities90,960 — (7,389)83,571 
Obligations of states and political subdivisions502 — (36)466 
Non-bank qualified obligations of states and political subdivisions252,583 8 (36,424)216,167 
Asset-backed securities211,421 418 (4,679)207,160 
Mortgage-backed securities1,420,440 3 (221,972)1,198,471 
Total debt securities AFS$2,000,906 $429 $(275,875)$1,725,460 
At September 30, 2023
Corporate securities$25,000 $— $(6,750)$18,250 
SBA securities95,549 — (10,307)85,242 
Obligations of states and political subdivisions2,368 — (79)2,289 
Non-bank qualified obligations of states and political subdivisions269,396 — (42,673)226,723 
Asset-backed securities255,384 234 (9,419)246,199 
Mortgage-backed securities1,495,636 — (270,111)1,225,525 
Total debt securities AFS$2,143,333 $234 $(339,339)$1,804,228 
Debt Securities HTM
At June 30, 2024
Non-bank qualified obligations of states and political subdivisions$31,970 $— $(3,521)$28,449 
Mortgage-backed securities2,056 — (268)1,788 
Total debt securities HTM$34,026 $— $(3,789)$30,237 
At September 30, 2023
Non-bank qualified obligations of states and political subdivisions$34,415 $— $(4,844)$29,571 
Mortgage-backed securities2,176 — (322)1,854 
Total debt securities HTM$36,591 $— $(5,166)$31,425 
Schedule of Unrealized Loss on Investments, AFS
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At June 30, 2024
Corporate securities$— $— $19,625 $(5,375)$19,625 $(5,375)
SBA securities— — 83,571 (7,389)83,571 (7,389)
Obligations of state and political subdivisions— — 466 (36)466 (36)
Non-bank qualified obligations of states and political subdivisions— — 214,139 (36,424)214,139 (36,424)
Asset-backed securities— — 94,518 (4,679)94,518 (4,679)
Mortgage-backed securities2,635 (42)1,194,791 (221,930)1,197,426 (221,972)
Total debt securities AFS$2,635 $(42)$1,607,110 $(275,833)$1,609,745 $(275,875)
At September 30, 2023
Corporate securities$— $— $18,250 $(6,750)$18,250 $(6,750)
SBA securities22,327 (1,919)62,915 (8,388)85,242 (10,307)
Obligations of state and political subdivisions— — 2,289 (79)2,289 (79)
Non-bank qualified obligations of states and political subdivisions5,010 (83)221,714 (42,590)226,723 (42,673)
Asset-backed securities46,528 (224)115,608 (9,195)162,136 (9,419)
Mortgage-backed securities18,311 (944)1,207,214 (269,167)1,225,525 (270,111)
Total debt securities AFS$92,176 $(3,170)$1,627,990 $(336,169)$1,720,165 $(339,339)
Debt Securities HTM
At June 30, 2024
Non-bank qualified obligations of states and political subdivisions$— $— $28,449 $(3,521)$28,449 $(3,521)
Mortgage-backed securities— — 1,788 (268)1,788 (268)
Total debt securities HTM$— $— $30,237 $(3,789)$30,237 $(3,789)
At September 30, 2023
Non-bank qualified obligations of states and political subdivisions$— $— $29,571 $(4,844)$29,571 $(4,844)
Mortgage-backed securities— — 1,854 (322)1,854 (322)
Total debt securities HTM$— $— $31,425 $(5166)$31,425 $(5,166)
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 that 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 June 30, 2024At September 30, 2023
Debt Securities AFSAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$513 $506 $5,023 $4,971 
Due after one year through five years20,007 18,631 11,175 10,292 
Due after five years through ten years72,379 63,601 79,139 66,428 
Due after ten years487,567 444,251 552,360 497,012 
580,466 526,989 647,697 578,703 
Mortgage-backed securities1,420,440 1,198,471 1,495,636 1,225,525 
Total debt securities AFS$2,000,906 $1,725,460 $2,143,333 $1,804,228 
Debt Securities HTM
Due after ten years$31,970 $28,449 $34,415 $29,571 
31,970 28,449 34,415 29,571 
Mortgage-backed securities2,056 1,788 2,176 1,854 
Total debt securities HTM$34,026 $30,237 $36,591 $31,425 
v3.24.2.u1
LOANS AND LEASES, NET (Tables)
 9 Months Ended
Jun. 30, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in thousands)June 30, 2024September 30, 2023
Term lending$1,533,722 $1,308,133 
Asset-based lending473,289 382,371 
Factoring350,740 358,344 
Lease financing155,044 183,392 
Insurance premium finance617,054 800,077 
SBA/USDA563,689 524,750 
Other commercial finance166,653 166,091 
Commercial finance3,860,191 3,723,158 
Consumer finance253,358 254,416 
Tax services43,184 5,192 
Warehouse finance449,962 376,915 
Total loans and leases4,606,695 4,359,681 
Net deferred loan origination costs5,857 6,435 
Total gross loans and leases4,612,552 4,366,116 
Allowance for credit losses(79,836)(49,705)
Total loans and leases, net$4,532,716 $4,316,411 
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 June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Loans Purchased
Loans held for investment:
Commercial finance$11,000 $— $11,000 $— 
Warehouse finance55,821 9,715 218,912 197,549 
Total purchases$66,821 $9,715 $229,912 $197,549 
Loans Sold
Loans held for sale:
Commercial finance$24,173 $11,114 $49,218 $12,263 
Consumer finance474,991 254,655 1,418,944 857,869 
Total sales$499,164 $265,769 $1,468,162 $870,132 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)June 30, 2024September 30, 2023
Minimum lease payments receivable$164,458 $191,807 
Unguaranteed residual assets10,442 12,709 
Unamortized initial direct costs62 141 
Unearned income(19,846)(21,124)
Total net investment in direct financing and sales-type leases$155,116 $183,533 
Operating Lease, Lease Income
The components of total lease income were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$2,908 $2,858 $8,869 $8,821 
Leasing and equipment finance noninterest income
Lease income from operating lease payments13,589 13,780 40,449 39,176 
Other(1)
1,051 833 2,644 1,179 
Total leasing and equipment finance noninterest income14,640 14,613 43,093 40,355 
Total lease income$17,548 $17,471 $51,962 $49,176 
(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 June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$17,056 
202554,962 
202636,939 
202722,897 
202817,622 
Thereafter14,982 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases164,458 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$164,458 
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans
Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended June 30, 2024
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,627 $5,962 $(4,628)$698 $30,659 
Asset-based lending1,215 10 — 9 1,234 
Factoring6,814 1,369 (2,389)18 5,812 
Lease financing1,551 (86)— 29 1,494 
Insurance premium finance1,409 480 (263)26 1,652 
SBA/USDA2,942 358 (456)— 2,844 
Other commercial finance1,720 (321)— — 1,399 
Commercial finance44,278 7,772 (7,736)780 45,094 
Consumer finance4,576 1,099 (36)— 5,639 
Tax services31,528 (3,285)(820)1,230 28,653 
Warehouse finance395 55 — — 450 
Total loans and leases80,777 5,641 (8,592)2,010 79,836 
Unfunded commitments(1)
743 240 — — 983 
Total $81,520 $5,881 $(8,592)$2,010 $80,819 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended June 30, 2023
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,415 $250 $(2,852)$825 $26,638 
Asset-based lending1,081 68 — 154 1,303 
Factoring5,588 493 (140)1 5,942 
Lease financing4,549 (355)(302)(26)3,866 
Insurance premium finance1,263 1,094 (443)158 2,072 
SBA/USDA2,640 24 — — 2,664 
Other commercial finance4,332 (253)— — 4,079 
Commercial finance47,868 1,321 (3,737)1,112 46,564 
Consumer finance2,965 738 (1,860)— 1,843 
Tax services33,094 (229)(404)671 33,132 
Warehouse finance377 — — — 377 
Total loans and leases84,304 1,830 (6,001)1,783 81,916 
Unfunded commitments(1)
356 (57)— — 299 
Total $84,660 $1,773 $(6,001)$1,783 $82,215 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Nine Months Ended June 30, 2024
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$25,686 $18,087 $(14,925)$1,811 $30,659 
Asset-based lending2,738 (1,754)— 250 1,234 
Factoring6,566 1,497 (2,424)173 5,812 
Lease financing3,302 (1,867)(125)184 1,494 
Insurance premium finance2,637 (291)(923)229 1,652 
SBA/USDA2,962 338 (456)— 2,844 
Other commercial finance3,089 (1,690)— — 1,399 
Commercial finance46,980 14,320 (18,853)2,647 45,094 
Consumer finance2,346 3,427 (136)2 5,639 
Tax services2 23,292 (1,965)7,324 28,653 
Warehouse finance377 73 — — 450 
Total loans and leases49,705 41,112 (20,954)9,973 79,836 
Unfunded commitments(1)
272 711 — — 983 
Total $49,977 $41,823 $(20,954)$9,973 $80,819 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Nine Months Ended June 30, 2023
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$24,621 $7,895 $(7,374)$1,496 $26,638 
Asset-based lending1,050 2,972 (2,873)154 1,303 
Factoring6,556 (311)(323)20 5,942 
Lease financing5,902 (976)(1,315)255 3,866 
Insurance premium finance1,450 1,202 (852)272 2,072 
SBA/USDA3,263 (625)— 26 2,664 
Other commercial finance1,310 2,769 — — 4,079 
Commercial finance44,152 12,926 (12,737)2,223 46,564 
Consumer finance1,463 2,573 (2,193)— 1,843 
Tax services5 32,830 (2,135)2,432 33,132 
Warehouse finance327 50 — — 377 
Total loans and leases45,947 48,379 (17,065)4,655 81,916 
Unfunded commitments(1)
366 (67)— — 299 
Total $46,312 $48,312 $(17,065)$4,655 $82,215 
(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 June 30, 2024At September 30, 2023
Term lending$14,425 $3,516 
Asset-based lending— 19,226 
Factoring— 1,133 
Lease financing5,909 630 
SBA/USDA1,419 750 
Commercial finance(1)
21,753 25,255 
Total$21,753 $25,255 
(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 June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Term lending$20,007 $12,637 $18,808 $10,397 
Asset-based lending— 15,792 4,896 8,452 
Factoring967 545 2,631 592 
Lease financing635 2,675 1,299 3,308 
SBA/USDA2,853 1,261 2,223 1,353 
Commercial finance24,462 32,910 29,857 24,102 
Total loans and leases$24,462 $32,910 $29,857 $24,102 
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 June 30, 202420242023202220212020Prior
Term lending
Pass$401,657 $475,168 $119,617 $67,910 $52,871 $46,207 $— $1,163,430 
Watch68,494 56,746 40,545 45,016 2,967 2,676 — 216,444 
Special mention8,797 3,641 7,043 20,568 7,680 21 — 47,750 
Substandard16,990 24,672 16,907 18,418 19,170 2,684 — 98,841 
Doubtful— 2,713 2,355 963 487 739 — 7,257 
Total495,938 562,940 186,467 152,875 83,175 52,327 — 1,533,722 
Current period charge-offs— 1,976 7,241 3,211 1,789 708 — 14,925 
Asset-based lending
Pass— — — — — — 222,125 222,125 
Watch— — — — — — 233,343 233,343 
Special mention— — — — — — 13,875 13,875 
Substandard— — — — — — 3,946 3,946 
Total— — — — — — 473,289 473,289 
Current period charge-offs— — — — — — — — 
Factoring
Pass— — — — — — 287,625 287,625 
Watch— — — — — — 56,232 56,232 
Special mention— — — — — — 577 577 
Substandard— — — — — — 6,273 6,273 
Doubtful— — — — — — 33 33 
Total— — — — — — 350,740 350,740 
Current period charge-offs— — — — — — 2,424 2,424 
Lease financing
Pass34,430 55,730 18,396 8,546 10,519 2,583 — 130,204 
Watch1,157 — 387 8,489 2,258 8 — 12,299 
Special mention— 265 — 12 192 116 — 585 
Substandard— 5,902 381 2,479 2,015 819 — 11,596 
Doubtful— — — 147 27 186 — 360 
Total35,587 61,897 19,164 19,673 15,011 3,712 — 155,044 
Current period charge-offs— — — 58 67 — — 125 
Insurance premium finance
Pass600,053 16,207 — — — — — 616,260 
Watch228 133 — — — — — 361 
Special mention82 73 — — — — — 155 
Substandard41 108 — — — — — 149 
Doubtful33 96 — — — — — 129 
Total600,437 16,617 — — — — — 617,054 
Current period charge-offs24 726 173 — — — — 923 
SBA/USDA
Pass46,314 181,467 181,385 21,135 30,045 39,910 — 500,256 
Watch— 11,992 — 1,054 11 3,052 — 16,109 
Special mention— — 55 55 — 471 — 581 
Substandard— 11,736 12,281 1,606 9,539 11,180 — 46,342 
Doubtful— 300 — — — 101 — 401 
Total46,314 205,495 193,721 23,850 39,595 54,714 — 563,689 
Current period charge-offs— 250 79 — 127 — — 456 
Other commercial finance
Pass20,667 2,240 9,748 32,361 1,214 72,607 — 138,837 
Watch— 2,490 — — — — — 2,490 
Substandard— 2,645 19 22,662 — — — 25,326 
Total20,667 7,375 9,767 55,023 1,214 72,607 — 166,653 
Current period charge-offs— — — — — — — — 
Warehouse finance
Pass— — — — — — 449,962 449,962 
Total— — — — — — 449,962 449,962 
Current period charge-offs— — — — — — — — 
Total loans and leases
Pass1,103,121 730,812 329,146 129,952 94,649 161,307 959,712 3,508,699 
Watch69,879 71,361 40,932 54,559 5,236 5,736 289,575 537,278 
Special mention8,879 3,979 7,098 20,635 7,872 608 14,452 63,523 
Substandard17,031 45,063 29,588 45,165 30,724 14,683 10,219 192,473 
Doubtful33 3,109 2,355 1,110 514 1,026 33 8,180 
Total$1,198,943 $854,324 $409,119 $251,421 $138,995 $183,360 $1,273,991 $4,310,153 
Current period charge-offs$24 $2,952 $7,493 $3,269 $1,983 $708 $2,424 $18,853 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202320232022202120202019Prior
Term lending
Pass$539,448 $149,190 $99,677 $73,132 $14,368 $85,812 $— $961,627 
Watch53,481 51,036 58,041 12,230 4,483 727 — 179,998 
Special mention26,539 13,853 20,463 723 2,932 75 — 64,585 
Substandard20,437 30,451 14,729 24,613 3,872 764 — 94,866 
Doubtful200 2,655 1,691 1,121 165 1,225 — 7,057 
Total640,105 247,185 194,601 111,819 25,820 88,603 — 1,308,133 
Asset-based lending
Pass— — — — — — 161,744 161,744 
Watch— — — — — — 174,243 174,243 
Special mention— — — — — — 26,382 26,382 
Substandard— — — — — — 19,501 19,501 
Doubtful— — — — — — 501 501 
Total— — — — — — 382,371 382,371 
Factoring
Pass— — — — — — 270,754 270,754 
Watch— — — — — — 70,833 70,833 
Special mention— — — — — — 8,892 8,892 
Substandard— — — — — — 7,865 7,865 
Total— — — — — — 358,344 358,344 
Lease financing
Pass57,123 15,941 15,167 27,489 4,036 1,281 — 121,037 
Watch793 10,436 12,566 4,494 1,579 55 — 29,923 
Special mention— — 847 415 195 — — 1,457 
Substandard14,890 1,983 7,082 3,660 3,062 33 — 30,710 
Doubtful— — 71 61 — 133 — 265 
Total72,806 28,360 35,733 36,119 8,872 1,502 — 183,392 
Insurance premium finance
Pass797,267 1,210 — — — — — 798,477 
Watch858 34 — — — — — 892 
Special mention250 15 — — — — — 265 
Substandard91 20 — — — — — 111 
Doubtful180 152 — — — — — 332 
Total798,646 1,431 — — — — — 800,077 
SBA/USDA
Pass158,675 148,525 26,244 36,274 8,798 18,252 — 396,768 
Watch49,010 48,833 658 51 357 2,572 — 101,481 
Special mention— — 530 — — — — 530 
Substandard252 2,356 1,718 5,418 8,509 7,718 — 25,971 
Total207,937 199,714 29,150 41,743 17,664 28,542 — 524,750 
Other commercial finance
Pass2,330 18,927 32,737 1,137 10,122 69,927 — 135,180 
Watch1,742 — — — — — — 1,742 
Substandard2,753 450 25,708 — — 258 — 29,169 
Total6,825 19,377 58,445 1,137 10,122 70,185 — 166,091 
Warehouse finance
Pass— — — — — — 376,915 376,915 
Total— — — — — — 376,915 376,915 
Total loans and leases
Pass1,554,843 333,793 173,825 138,032 37,324 175,272 809,413 3,222,502 
Watch105,884 110,339 71,265 16,775 6,419 3,354 245,076 559,112 
Special mention26,789 13,868 21,840 1,138 3,127 75 35,274 102,111 
Substandard38,423 35,260 49,237 33,691 15,443 8,773 27,366 208,193 
Doubtful380 2,807 1,762 1,182 165 1,358 501 8,155 
Total$1,726,319 $496,067 $317,929 $190,818 $62,478 $188,832 $1,117,630 $4,100,073 
Past Due Loans and Leases
Past due loans and leases were as follows:
At June 30, 2024
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $29,380 $29,380 $— $— $— 
Term lending22,708 4,523 11,403 38,634 1,495,088 1,533,722 4,843 23,871 28,714 
Asset-based lending— — — — 473,289 473,289 — — — 
Factoring— — — — 350,740 350,740 — 40 40 
Lease financing2,386 51 2,634 5,071 149,973 155,044 2,293 548 2,841 
Insurance premium finance1,584 2,463 1,227 5,274 611,780 617,054 1,227 — 1,227 
SBA/USDA1,546 311 1,807 3,664 560,025 563,689 64 3,154 3,218 
Other commercial finance— — — — 166,653 166,653 — — — 
Commercial finance28,224 7,348 17,071 52,643 3,807,548 3,860,191 8,427 27,613 36,040 
Consumer finance4,496 3,534 8,588 16,618 236,740 253,358 8,588 — 8,588 
Tax services— 43,184 — 43,184 — 43,184 — — — 
Warehouse finance— — — — 449,962 449,962 — — — 
Total loans and leases held for investment32,720 54,066 25,659 112,445 4,494,250 4,606,695 17,015 27,613 44,628 
Total loans and leases$32,720 $54,066 $25,659 $112,445 $4,523,629 $4,636,074 $17,015 $27,613 $44,628 
At September 30, 2023
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$626 $549 $306 $1,481 $76,298 $77,779 $306 $— $306 
Term lending13,898 7,723 11,136 32,757 1,275,376 1,308,133 3,737 15,324 19,061 
Asset-based lending— — 123 123 382,248 382,371 — 18,082 18,082 
Factoring— — — — 358,344 358,344 — 1,298 1,298 
Lease financing6,865 158 4,828 11,851 171,541 183,392 4,242 1,666 5,908 
Insurance premium finance2,159 1,262 2,339 5,760 794,317 800,077 2,339 — 2,339 
SBA/USDA512 — 1,835 2,347 522,403 524,750 833 1,002 1,835 
Other commercial finance— — 91 91 166,000 166,091 91 — 91 
Commercial finance23,434 9,143 20,352 52,929 3,670,229 3,723,158 11,242 37,372 48,614 
Consumer finance2,992 2,425 2,210 7,627 246,789 254,416 2,210 — 2,210 
Tax services— — 5,082 5,082 110 5,192 5,082 — 5,082 
Warehouse finance— — — — 376,915 376,915 — — — 
Total loans and leases held for investment26,426 11,568 27,644 65,638 4,294,043 4,359,681 18,534 37,372 55,906 
Total loans and leases$27,052 $12,117 $27,950 $67,119 $4,370,341 $4,437,460 $18,840 $37,372 $56,212 
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 June 30, 202420242023202220212020Prior
Term lending$9,284 $2,830 $5,082 $1,712 $1,218 $3,745 $— $23,871 $— 
Factoring— — — — — — 40 40 — 
Lease financing— 153 — 155 2 238 — 548 — 
SBA/USDA— 1,037 — — 1,598 519 — 3,154 681 
Commercial finance9,284 4,020 5,082 1,867 2,818 4,502 40 27,613 681 
Total nonaccrual loans and leases$9,284 $4,020 $5,082 $1,867 $2,818 $4,502 $40 $27,613 $681 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At September 30, 202320232022202120202019Prior
Term lending$865 $4,942 $2,933 $2,165 $3,134 $1,285 $— $15,324 $— 
Asset-based lending— — — — — — 18,082 18,082 — 
Factoring— — — — — — 1,298 1,298 — 
Lease financing— — 446 660 — 560 — 1,666 1 
SBA/USDA— 750 — — — 252 — 1,002 — 
Commercial finance865 5,692 3,379 2,825 3,134 2,097 19,380 37,372 1 
Total nonaccrual loans and leases$865 $5,692 $3,379 $2,825 $3,134 $2,097 $19,380 $37,372 $1 

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 June 30, 202420242023202220212020Prior
Term lending$1,570 $2,154 $746 $175 $180 $18 $— $4,843 
Lease financing220 — 1,258 287 53 475 — 2,293 
Insurance premium finance699 528 — — — — — 1,227 
SBA/USDA— — — — 48 16 — 64 
Commercial finance2,489 2,682 2,004 462 281 509 — 8,427 
Consumer finance6,535 1,516 397 140 — — — 8,588 
Total loans and leases held for investment9,024 4,198 2,401 602 281 509 — 17,015 
Total 90 days or more delinquent and accruing$9,024 $4,198 $2,401 $602 $281 $509 $— $17,015 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202320232022202120202019Prior
Loans held for sale$306 $— $— $— $— $— $— $306 
Term lending1,604 1,371 500 233 29 — — 3,737 
Lease financing151 490 979 784 1,794 44 — 4,242 
Insurance premium finance— 414 114 — 334 1,477 — 2,339 
SBA/USDA— — — 833 — — — 833 
Other commercial finance— — — — — 91 — 91 
Commercial finance1,755 2,275 1,593 1,850 2,157 1,612 — 11,242 
Consumer finance891 1,045 246 — — — 28 2,210 
Tax services5,082 — — — — — — 5,082 
Total loans and leases held for investment7,728 3,320 1,839 1,850 2,157 1,612 28 18,534 
Total 90 days or more delinquent and accruing$8,034 $3,320 $1,839 $1,850 $2,157 $1,612 $28 $18,840 
v3.24.2.u1
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 9 Months Ended
Jun. 30, 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 June 30,Nine Months Ended June 30,
(Dollars in thousands, except per share data)2024202320242023
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$41,835 $45,096 $134,760 $127,709 
Dividends and undistributed earnings allocated to participating securities(432)(690)(1,181)(1,920)
Basic net earnings available to common stockholders41,403 44,406 133,579 125,789 
Undistributed earnings allocated to nonvested restricted stockholders419 670 1,148 1,858 
Reallocation of undistributed earnings to nonvested restricted stockholders(419)(667)(1,146)(1,852)
Diluted net earnings available to common stockholders$41,403 $44,409 $133,580 $125,795 
Total weighted-average basic common shares outstanding24,946,085 26,346,693 25,335,621 27,152,773 
Effect of dilutive securities(1)
Performance share units33,733 100,339 29,021 86,028 
Total effect of dilutive securities33,733 100,339 29,021 86,028 
Total weighted-average diluted common shares outstanding24,979,818 26,447,032 25,364,642 27,238,801 
Net earnings per common share:
Basic earnings per common share$1.66 $1.69 $5.27 $4.63 
Diluted earnings per common share(2)
$1.66 $1.68 $5.27 $4.62 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units 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 June 30, 2024 and 2023, respectively, were 260,415 and 409,666 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2024 and 2023, respectively, were 224,035 and 414,539 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.24.2.u1
RENTAL EQUIPMENT, NET (Tables)
 9 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Rental Equipment
Rental equipment consists of the following:
(Dollars in thousands)June 30, 2024September 30, 2023
Computers and IT networking equipment$23,908 $25,094 
Motor vehicles and other136,025 122,845 
Other furniture and equipment39,190 37,637 
Solar panels and equipment135,625 142,355 
Total334,748 327,931 
Accumulated depreciation(126,276)(117,418)
Unamortized initial direct costs1,072 1,237 
Net book value$209,544 $211,750 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$11,141 
202539,960 
202630,116 
202721,961 
202812,686 
Thereafter12,069 
Total $127,933 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$1,121 
20253,985 
20263,435 
20273,152 
20283,095 
Thereafter15,545 
Total undiscounted future minimum lease payments 30,333 
Discount(3,356)
Total operating lease liabilities$26,977 
v3.24.2.u1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
At September 30, 2023$7,477 $— $9,110 $4,133 $20,720 
Amortization during the period(790)— (2,018)(399)(3,207)
At June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
Gross carrying amount$13,774 $301 $77,578 $7,732 $99,385 
Accumulated amortization(7,087)(301)(59,568)(3,845)(70,801)
Accumulated impairment— — (10,918)(153)(11,071)
At June 30, 2024$6,687 $— $7,092 $3,734 $17,513 
At September 30, 2022$8,605 $— $12,395 $4,691 $25,691 
Amortization during the period(868)— (2,595)(398)(3,861)
At June 30, 2023$7,737 $— $9,800 $4,293 $21,830 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(6,887)(2,481)(61,370)(5,429)(76,167)
Accumulated impairment— — (10,918)(218)(11,136)
At June 30, 2023$7,737 $— $9,800 $4,293 $21,830 
(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 three months of fiscal 2024 and subsequent fiscal years at June 30, 2024 was as follows:
(Dollars in thousands)
Remaining in 2024$923 
20253,569 
20263,223 
20272,577 
20282,267 
Thereafter4,954 
Total anticipated intangible amortization$17,513 
v3.24.2.u1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$11,141 
202539,960 
202630,116 
202721,961 
202812,686 
Thereafter12,069 
Total $127,933 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2024 were as follows:
(Dollars in thousands)
Remaining in 2024$1,121 
20253,985 
20263,435 
20273,152 
20283,095 
Thereafter15,545 
Total undiscounted future minimum lease payments 30,333 
Discount(3,356)
Total operating lease liabilities$26,977 
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:
June 30, 2024September 30, 2023
Weighted-average discount rate2.44 %2.38 %
Weighted-average remaining lease term (years)8.939.66

The components of total lease costs for operating leases were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2024202320242023
Lease expense$990 $978 $3,007 $2,974 
Short-term and variable lease cost21 22 44 106 
Sublease income(314)(368)(953)(1,040)
Total lease cost for operating leases$697 $632 $2,098 $2,040 
v3.24.2.u1
STOCK COMPENSATION (Tables)
 9 Months Ended
Jun. 30, 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 nine months ended June 30, 2024.
Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2023370,151 $35.87 
Granted178,917 50.41 
Vested(277,447)39.49 
Forfeited or expired(13,864)42.49 
Nonvested shares outstanding, June 30, 2024257,757 $41.71 
Number of Units(1)
Weighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2023155,804 $41.20 
Granted52,125 49.61 
Vested(60,984)55.47 
Forfeited or expired(4,483)44.59 
Performance share units outstanding, June 30, 2024142,462 $47.24 
(1) The activity in this table includes 60,984 shares related to the fiscal year 2021 PSUs, which are included in this table under the assumption of a target performance achievement. The final performance was assessed after September 30, 2023, resulted in an achievement greater than target, and an additional 47,252 shares were allocated to the participants in the plan.
v3.24.2.u1
INCOME TAXES (Tables)
 9 Months Ended
Jun. 30, 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.
Nine Months Ended June 30,
(Dollars in thousands)20242023
Provision at statutory rate$33,778 $30,808 
Tax-exempt income(522)(600)
State income taxes6,518 6,109 
Interim period effective rate adjustment(593)(3,065)
Tax credit investments, net - federal(12,556)(13,669)
Research tax credit(602)(805)
IRC 162(m) nondeductible compensation826 928 
Other, net(761)(710)
Income tax expense$26,088 $18,996 
Effective tax rate16.15 %12.80 %
v3.24.2.u1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 9 Months Ended
Jun. 30, 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 13. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended June 30,20242023202420232024202320242023
Net interest income(1)
$57,875 $40,683 $52,494 $53,067 $490 $3,715 $110,859 $97,465 
Noninterest income:
Refund transfer product fees9,111 8,262 — — — — 9,111 8,262 
Refund advance fee income(1)
(67)(927)— — — — (67)(927)
Card and deposit fees33,151 39,450 250 253 7 5 33,408 39,708 
Rental income(1)
— — 13,615 13,756 164 224 13,779 13,980 
Gain on sale of other(1)
20 — 2,264 812 2,391 9 4,675 821 
Other income(1)
2,020 1,929 1,922 1,888 1,023 2,072 4,965 5,889 
Total noninterest income44,235 48,714 18,051 16,709 3,585 2,310 65,871 67,733 
Revenue$102,110 $89,397 $70,545 $69,776 $4,075 $6,025 $176,730 $165,198 
Nine Months Ended June 30,
Net interest income(1)
$173,758 $116,373 $143,288 $142,149 $22,150 $24,405 $339,196 $282,927 
Noninterest income:
Refund transfer product fees38,475 39,144 — — — — 38,475 39,144 
Refund advance fee income(1)
43,244 37,685 — — — — 43,244 37,685 
Card and deposit fees98,755 118,730 727 766 20 17 99,502 119,513 
Rental income(1)
— — 40,444 39,008 514 620 40,958 39,628 
Gain on sale of trademarks— — — — — 10,000 — 10,000 
Gain on sale of other(1)
5 — 4,233 566 4,972 91 9,210 657 
Other income(1)
6,230 4,470 6,395 4,907 3,563 4,544 16,188 13,921 
Total noninterest income186,709 200,029 51,799 45,247 9,069 15,272 247,577 260,548 
Revenue$360,467 $316,402 $195,087 $187,396 $31,219 $39,677 $586,773 $543,475 
(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.
v3.24.2.u1
SEGMENT REPORTING (Tables)
 9 Months Ended
Jun. 30, 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 June 30,20242023202420232024202320242023
Net interest income$57,875 $40,683 $52,494 $53,067 $490 $3,715 $110,859 $97,465 
Provision for (reversal of) credit loss(2,187)508 8,013 1,265 55 — 5,881 1,773 
Noninterest income44,235 48,714 18,051 16,709 3,585 2,310 65,871 67,733 
Noninterest expense49,133 39,666 33,227 33,594 41,319 41,318 123,679 114,578 
Income (loss) before income tax expense55,164 49,223 29,305 34,917 (37,299)(35,293)47,170 48,847 
Total assets450,044 455,540 4,321,893 3,914,924 2,758,343 3,088,161 7,530,280 7,458,625 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits6,190,419 6,130,524 13,592 7,550 227,505 168,902 6,431,516 6,306,976 
Nine Months Ended June 30,
Net interest income$173,758 $116,373 $143,288 $142,149 $22,150 $24,405 $339,196 $282,927 
Provision for credit loss26,719 35,402 15,031 12,860 73 50 41,823 48,312 
Noninterest income186,709 200,029 51,799 45,247 9,069 15,272 247,577 260,548 
Noninterest expense158,598 124,070 106,213 105,189 118,573 117,514 383,384 346,773 
Income (loss) before income tax expense175,150 156,930 73,843 69,347 (87,427)(77,887)161,566 148,390 
Total assets450,044 455,540 4,321,893 3,914,924 2,758,343 3,088,161 7,530,280 7,458,625 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits6,190,419 6,130,524 13,592 7,550 227,505 168,902 6,431,516 6,306,976 
v3.24.2.u1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Jun. 30, 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 available for sale and equity securities as they are measured at fair value on a recurring basis.
 At June 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$19,625 $— $19,625 $— 
SBA securities83,571 — 83,571 — 
Obligations of states and political subdivisions466 — 466 — 
Non-bank qualified obligations of states and political subdivisions216,167 — 216,167 — 
Asset-backed securities207,160 — 207,160 — 
Mortgage-backed securities1,198,471 — 1,198,471 — 
Total debt securities AFS$1,725,460 $— $1,725,460 $— 
Common equities and mutual funds(1)
$4,286 $4,286 $— $— 
Non-marketable equity securities(2)
$10,495 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2024.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
 At September 30, 2023
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$18,250 $— $18,250 $— 
SBA securities85,242 — 85,242 — 
Obligations of states and political subdivisions2,289 — 2,289 — 
Non-bank qualified obligations of states and political subdivisions226,723 — 226,723 — 
Asset-backed securities246,199 — 246,199 — 
Mortgage-backed securities1,225,525 — 1,225,525 — 
Total debt securities AFS$1,804,228 $— $1,804,228 $— 
Common equities and mutual funds(1)
$3,378 $3,378 $— $— 
Non-marketable equity securities(2)
$8,389 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2023.
(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 June 30, 2024
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,418 $— $— $8,418 
    Total loans and leases, net individually evaluated for credit loss8,418 — — 8,418 
Total$8,418 $— $— $8,418 
 At September 30, 2023
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$21,829 $— $— $21,829 
    Total loans and leases, net individually evaluated for credit loss21,829 — — 21,829 
Total$21,829 $— $— $21,829 
Quantitative Information about Level 3 Fair Value Measurements
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
June 30, 2024
Fair Value at
September 30, 2023
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,418 $21,829 Market approach
Appraised values(1)
3% - 33%
(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 33%.
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 June 30, 2024
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$298,926 $298,926 $298,926 $— $— 
Debt securities available for sale1,725,460 1,725,460 — 1,725,460 — 
Debt securities held to maturity34,026 30,237 — 30,237 — 
Common equities and mutual funds(1)
4,286 4,286 4,286 — — 
Non-marketable equity securities(1)(2)
20,017 20,017 — 9,522 — 
Loans held for sale29,380 29,380 — 29,380 — 
Loans and leases4,606,695 4,565,649 — — 4,565,649 
Federal Reserve Bank and Federal Home Loan Bank stocks24,449 24,449 — 24,449 — 
Accrued interest receivable31,755 31,755 31,755 — — 
Financial liabilities
Deposits6,431,516 6,431,235 6,389,937 41,298 — 
Overnight federal funds purchased— — — — — 
Other short- and long-term borrowings33,329 31,443 — 31,443 — 
Accrued interest payable1,664 1,664 1,664 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 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.
 At September 30, 2023
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$375,580 $375,580 $375,580 $— $— 
Debt securities available for sale1,804,228 1,804,228 — 1,804,228 — 
Debt securities held to maturity36,591 31,425 — 31,425 — 
Common equities and mutual funds(1)
3,378 3,378 3,378 — — 
Non-marketable equity securities(1)(2)
20,453 20,453 — 12,064 — 
Loans held for sale77,779 77,779 — 77,779 — 
Loans and leases4,359,681 4,223,010 — — 4,223,010 
Federal Reserve Bank and Federal Home Loan Bank stocks28,210 28,210 — 28,210 — 
Accrued interest receivable23,282 23,282 23,282 — — 
Financial liabilities
Deposits6,589,182 6,589,065 6,583,648 5,417 — 
Overnight federal funds purchased13,000 13,000 13,000 — — 
Other short- and long-term borrowings33,873 31,187 — 31,187 — 
Accrued interest payable247 247 247 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2023.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.24.2.u1
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 2,000,906 $ 2,143,333
Fair Value 1,725,460 1,804,228
Amortized Cost    
Due in one year or less 513 5,023
Due after one year through five years 20,007 11,175
Due after five years through ten years 72,379 79,139
Due after ten years 487,567 552,360
Total 580,466 647,697
Mortgage-backed securities 1,420,440 1,495,636
Fair Value    
Due in one year or less 506 4,971
Due after one year through five years 18,631 10,292
Due after five years through ten years 63,601 66,428
Due after ten years 444,251 497,012
Total 526,989 578,703
Mortgage-backed securities 1,198,471 1,225,525
Corporate securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 25,000 25,000
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (5,375) (6,750)
Fair Value 19,625 18,250
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 19,625 18,250
OVER 12 MONTHS, Gross Unrealized (Losses) (5,375) (6,750)
TOTAL, Fair Value 19,625 18,250
TOTAL, Gross Unrealized (Losses) (5,375) (6,750)
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 90,960 95,549
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (7,389) (10,307)
Fair Value 83,571 85,242
LESS THAN 12 MONTHS, Fair Value 0 22,327
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 (1,919)
OVER 12 MONTHS, Fair Value 83,571 62,915
OVER 12 MONTHS, Gross Unrealized (Losses) (7,389) (8,388)
TOTAL, Fair Value 83,571 85,242
TOTAL, Gross Unrealized (Losses) (7,389) (10,307)
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 502 2,368
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (36) (79)
Fair Value 466 2,289
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 466 2,289
OVER 12 MONTHS, Gross Unrealized (Losses) (36) (79)
TOTAL, Fair Value 466 2,289
TOTAL, Gross Unrealized (Losses) (36) (79)
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 252,583 269,396
Gross Unrealized Gains 8 0
Gross Unrealized (Losses) (36,424) (42,673)
Fair Value 216,167 226,723
LESS THAN 12 MONTHS, Fair Value 0 5,010
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 (83)
OVER 12 MONTHS, Fair Value 214,139 221,714
OVER 12 MONTHS, Gross Unrealized (Losses) (36,424) (42,590)
TOTAL, Fair Value 214,139 226,723
TOTAL, Gross Unrealized (Losses) (36,424) (42,673)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 211,421 255,384
Gross Unrealized Gains 418 234
Gross Unrealized (Losses) (4,679) (9,419)
Fair Value 207,160 246,199
LESS THAN 12 MONTHS, Fair Value 0 46,528
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 (224)
OVER 12 MONTHS, Fair Value 94,518 115,608
OVER 12 MONTHS, Gross Unrealized (Losses) (4,679) (9,195)
TOTAL, Fair Value 94,518 162,136
TOTAL, Gross Unrealized (Losses) (4,679) (9,419)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,420,440 1,495,636
Gross Unrealized Gains 3 0
Gross Unrealized (Losses) (221,972) (270,111)
Fair Value 1,198,471 1,225,525
LESS THAN 12 MONTHS, Fair Value 2,635 18,311
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (42) (944)
OVER 12 MONTHS, Fair Value 1,194,791 1,207,214
OVER 12 MONTHS, Gross Unrealized (Losses) (221,930) (269,167)
TOTAL, Fair Value 1,197,426 1,225,525
TOTAL, Gross Unrealized (Losses) (221,972) (270,111)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,000,906 2,143,333
Gross Unrealized Gains 429 234
Gross Unrealized (Losses) (275,875) (339,339)
Fair Value 1,725,460 1,804,228
LESS THAN 12 MONTHS, Fair Value 2,635 92,176
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (42) (3,170)
OVER 12 MONTHS, Fair Value 1,607,110 1,627,990
OVER 12 MONTHS, Gross Unrealized (Losses) (275,833) (336,169)
TOTAL, Fair Value 1,609,745 1,720,165
TOTAL, Gross Unrealized (Losses) $ (275,875) $ (339,339)
v3.24.2.u1
SECURITIES - Narrative (Details)
 3 Months Ended 9 Months Ended
Jun. 30, 2024
USD ($)
security
Jun. 30, 2024
USD ($)
security
Jun. 30, 2023
USD ($)
Sep. 30, 2023
USD ($)
Debt Securities, Available-for-sale [Line Items]        
AFS number of securities in an unrealized loss position (in securities) | security 193 193    
Federal reserve bank stock $ 19,700,000 $ 19,700,000   $ 19,700,000
Federal home loan bank stock 4,800,000 4,800,000   8,500,000
Impairment recognized   1,000,000 $ 3,200,000  
Marketable        
Debt Securities, Available-for-sale [Line Items]        
Equity securities 4,300,000 4,300,000   3,400,000
Unrealized losses on equity securities   200,000 200,000  
Non-marketable        
Debt Securities, Available-for-sale [Line Items]        
Equity securities 10,500,000 10,500,000   8,400,000
Unrealized losses on equity securities   600,000    
Unrealized gains on equity securities   2,500,000 $ 100,000  
Equity securities without readily determinable fair value, amount 13,800,000 $ 13,800,000   $ 16,200,000
Realized gain on equity securities $ 2,400,000      
Number of equity securities sold | security   1    
v3.24.2.u1
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 34,026 $ 36,591
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (3,789) (5,166)
Fair Value 30,237 31,425
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 30,237 31,425
OVER 12 MONTHS, Gross Unrealized (Losses) (3,789) (5,166)
TOTAL, Fair Value 30,237 31,425
TOTAL, Gross Unrealized (Losses) (3,789) (5,166)
Amortized Cost    
Due after ten years 31,970 34,415
Total 31,970 34,415
Mortgage-backed securities 2,056 2,176
Fair Value    
Due after ten years 28,449 29,571
Total 28,449 29,571
Mortgage-backed securities 1,788 1,854
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 31,970 34,415
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (3,521) (4,844)
Fair Value 28,449 29,571
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 28,449 29,571
OVER 12 MONTHS, Gross Unrealized (Losses) (3,521) (4,844)
TOTAL, Fair Value 28,449 29,571
TOTAL, Gross Unrealized (Losses) (3,521) (4,844)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 2,056 2,176
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (268) (322)
Fair Value 1,788 1,854
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 1,788 1,854
OVER 12 MONTHS, Gross Unrealized (Losses) (268) (322)
TOTAL, Fair Value 1,788 1,854
TOTAL, Gross Unrealized (Losses) $ (268) $ (322)
v3.24.2.u1
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 4,606,695   $ 4,359,681      
Net deferred loan origination costs 5,857   6,435      
Total gross loans and leases 4,612,552   4,366,116      
Allowance for credit losses (79,836)   (49,705)      
Total loans and leases, net 4,532,716   4,316,411      
National Lending | Term lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 1,533,722   1,308,133      
Allowance for credit losses (30,659) $ (28,627) (25,686) $ (26,638) $ (28,415) $ (24,621)
National Lending | Asset-based lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 473,289   382,371      
Allowance for credit losses (1,234) (1,215) (2,738) (1,303) (1,081) (1,050)
National Lending | Factoring            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 350,740   358,344      
Allowance for credit losses (5,812) (6,814) (6,566) (5,942) (5,588) (6,556)
National Lending | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 155,044   183,392      
Allowance for credit losses (1,494) (1,551) (3,302) (3,866) (4,549) (5,902)
National Lending | Insurance premium finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 617,054   800,077      
Allowance for credit losses (1,652) (1,409) (2,637) (2,072) (1,263) (1,450)
National Lending | SBA/USDA            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 563,689   524,750      
Allowance for credit losses (2,844) (2,942) (2,962) (2,664) (2,640) (3,263)
National Lending | Other commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 166,653   166,091      
Allowance for credit losses (1,399) (1,720) (3,089) (4,079) (4,332) (1,310)
National Lending | Commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 3,860,191   3,723,158      
Allowance for credit losses (45,094) (44,278) (46,980) (46,564) (47,868) (44,152)
National Lending | Consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 253,358   254,416      
Allowance for credit losses (5,639) (4,576) (2,346) (1,843) (2,965) (1,463)
National Lending | Tax services            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 43,184   5,192      
Allowance for credit losses (28,653) (31,528) (2) (33,132) (33,094) (5)
National Lending | Warehouse finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 449,962   376,915      
Allowance for credit losses $ (450) $ (395) $ (377) $ (377) $ (377) $ (327)
v3.24.2.u1
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Originated loans held for sale   $ 1,426,973 $ 941,502  
Proceeds from sale of loans held-for-sale   1,470,000 870,100  
Gain on sale of loans and leases   3,100 200  
Loans and leases $ 4,612,552 4,612,552   $ 4,366,116
Pass        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans and leases 3,508,699 3,508,699   3,222,502
Pass | Asset Pledged as Collateral        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans and leases 109,000 109,000   117,000
Consumer finance portfolio segment        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans and leases 253,400 253,400   254,400
Tax services loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans and leases 43,200 43,200   $ 5,200
National Lending | Commercial Finance and Consumer Finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Originated loans held for sale   1,430,000 941,500  
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
TDRs subsequent default, recorded investment 1,500 1,500 $ 400  
National Lending | Commercial finance | Term Extensions and Reduced Payments        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
TDRs subsequent default, recorded investment $ 6,100 $ 7,600    
v3.24.2.u1
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment $ 66,821 $ 9,715 $ 229,912 $ 197,549
Loans Sold, Loans held for sale     1,468,162 870,132
Loans Sold, Total sales 499,164 265,769 1,468,162 870,132
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 11,000 0 11,000 0
Loans Sold, Loans held for sale 24,173 11,114 49,218 12,263
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 55,821 9,715 218,912 197,549
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Sold, Loans held for sale $ 474,991 $ 254,655 $ 1,418,944 $ 857,869
v3.24.2.u1
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Net Investment in Lease [Abstract]          
Minimum lease payments receivable $ 164,458   $ 164,458   $ 191,807
Unguaranteed residual assets 10,442   10,442   12,709
Unamortized initial direct costs 62   62   141
Unearned income (19,846)   (19,846)   (21,124)
Total net investment in direct financing and sales-type leases 155,116   155,116   $ 183,533
Interest income - loans and leases          
Interest income on net investments in direct financing and sales-type leases 2,908 $ 2,858 8,869 $ 8,821  
Lease income from operating lease payments 13,589 13,780 40,449 39,176  
Other 1,051 833 2,644 1,179  
Total leasing and equipment finance noninterest income 14,640 14,613 43,093 40,355  
Total lease income 17,548 $ 17,471 51,962 $ 49,176  
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]          
Remaining in 2024 17,056   17,056    
2025 54,962   54,962    
2026 36,939   36,939    
2027 22,897   22,897    
2028 17,622   17,622    
Thereafter 14,982   14,982    
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 164,458   164,458    
Third-party residual value guarantees 0   0    
Total carrying amount of direct financing and sales-type leases $ 164,458   $ 164,458    
v3.24.2.u1
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Allowance for Credit Losses [Roll Forward]        
Beginning Balance     $ 49,705  
Provision (Reversal) $ 5,881 $ 1,773 41,823 $ 48,312
Ending Balance 79,836   79,836  
Total Committed Loans        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 80,777 84,304 49,705 45,947
Provision (Reversal) 5,641 1,830 41,112 48,379
Charge-offs (8,592) (6,001) (20,954) (17,065)
Recoveries 2,010 1,783 9,973 4,655
Ending Balance 79,836 81,916 79,836 81,916
Unfunded commitments        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 743 356 272 366
Provision (Reversal) 240 (57) 711 (67)
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 983 299 983 299
Total Loans        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 81,520 84,660 49,977 46,312
Provision (Reversal) 5,881 1,773 41,823 48,312
Charge-offs (8,592) (6,001) (20,954) (17,065)
Recoveries 2,010 1,783 9,973 4,655
Ending Balance 80,819 82,215 80,819 82,215
National Lending | Term lending        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 28,627 28,415 25,686 24,621
Provision (Reversal) 5,962 250 18,087 7,895
Charge-offs (4,628) (2,852) (14,925) (7,374)
Recoveries 698 825 1,811 1,496
Ending Balance 30,659 26,638 30,659 26,638
National Lending | Asset-based lending        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,215 1,081 2,738 1,050
Provision (Reversal) 10 68 (1,754) 2,972
Charge-offs 0 0 0 (2,873)
Recoveries 9 154 250 154
Ending Balance 1,234 1,303 1,234 1,303
National Lending | Factoring        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 6,814 5,588 6,566 6,556
Provision (Reversal) 1,369 493 1,497 (311)
Charge-offs (2,389) (140) (2,424) (323)
Recoveries 18 1 173 20
Ending Balance 5,812 5,942 5,812 5,942
National Lending | Lease financing        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,551 4,549 3,302 5,902
Provision (Reversal) (86) (355) (1,867) (976)
Charge-offs 0 (302) (125) (1,315)
Recoveries 29   184 255
Ending Balance 1,494 3,866 1,494 3,866
National Lending | Lease financing, net of adjustments        
Allowance for Credit Losses [Roll Forward]        
Recoveries   (26)    
National Lending | Insurance premium finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,409 1,263 2,637 1,450
Provision (Reversal) 480 1,094 (291) 1,202
Charge-offs (263) (443) (923) (852)
Recoveries 26 158 229 272
Ending Balance 1,652 2,072 1,652 2,072
National Lending | SBA/USDA        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 2,942 2,640 2,962 3,263
Provision (Reversal) 358 24 338 (625)
Charge-offs (456) 0 (456) 0
Recoveries 0 0 0 26
Ending Balance 2,844 2,664 2,844 2,664
National Lending | Other commercial finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,720 4,332 3,089 1,310
Provision (Reversal) (321) (253) (1,690) 2,769
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 1,399 4,079 1,399 4,079
National Lending | Commercial finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 44,278 47,868 46,980 44,152
Provision (Reversal) 7,772 1,321 14,320 12,926
Charge-offs (7,736) (3,737) (18,853) (12,737)
Recoveries 780 1,112 2,647 2,223
Ending Balance 45,094 46,564 45,094 46,564
National Lending | Consumer finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 4,576 2,965 2,346 1,463
Provision (Reversal) 1,099 738 3,427 2,573
Charge-offs (36) (1,860) (136) (2,193)
Recoveries 0 0 2 0
Ending Balance 5,639 1,843 5,639 1,843
National Lending | Tax services        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 31,528 33,094 2 5
Provision (Reversal) (3,285) (229) 23,292 32,830
Charge-offs (820) (404) (1,965) (2,135)
Recoveries 1,230 671 7,324 2,432
Ending Balance 28,653 33,132 28,653 33,132
National Lending | Warehouse finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 395 377 377 327
Provision (Reversal) 55 0 73 50
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance $ 450 $ 377 $ 450 $ 377
v3.24.2.u1
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance $ 21,753   $ 21,753   $ 25,255
Average recorded investment 24,462 $ 32,910 29,857 $ 24,102  
National Lending | Term lending          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 14,425   14,425   3,516
Average recorded investment 20,007 12,637 18,808 10,397  
National Lending | Asset-based lending          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 0   0   19,226
Average recorded investment 0 15,792 4,896 8,452  
National Lending | Factoring          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 0   0   1,133
Average recorded investment 967 545 2,631 592  
National Lending | Lease financing          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 5,909   5,909   630
Average recorded investment 635 2,675 1,299 3,308  
National Lending | SBA/USDA          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 1,419   1,419   750
Average recorded investment 2,853 1,261 2,223 1,353  
National Lending | Commercial finance          
Financing Receivable, Impaired [Line Items]          
Impaired loans, unpaid balance 21,753   21,753   $ 25,255
Average recorded investment $ 24,462 $ 32,910 $ 29,857 $ 24,102  
v3.24.2.u1
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]          
Total gross loans and leases $ 4,612,552   $ 4,612,552   $ 4,366,116
Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 1,103,121   1,103,121   1,554,843
2023 730,812   730,812   333,793
2022 329,146   329,146   173,825
2021 129,952   129,952   138,032
2020 94,649   94,649   37,324
Prior 161,307   161,307   175,272
Revolving Loans and Leases 959,712   959,712   809,413
Total gross loans and leases 3,508,699   3,508,699   3,222,502
Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 69,879   69,879   105,884
2023 71,361   71,361   110,339
2022 40,932   40,932   71,265
2021 54,559   54,559   16,775
2020 5,236   5,236   6,419
Prior 5,736   5,736   3,354
Revolving Loans and Leases 289,575   289,575   245,076
Total gross loans and leases 537,278   537,278   559,112
Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 8,879   8,879   26,789
2023 3,979   3,979   13,868
2022 7,098   7,098   21,840
2021 20,635   20,635   1,138
2020 7,872   7,872   3,127
Prior 608   608   75
Revolving Loans and Leases 14,452   14,452   35,274
Total gross loans and leases 63,523   63,523   102,111
Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 17,031   17,031   38,423
2023 45,063   45,063   35,260
2022 29,588   29,588   49,237
2021 45,165   45,165   33,691
2020 30,724   30,724   15,443
Prior 14,683   14,683   8,773
Revolving Loans and Leases 10,219   10,219   27,366
Total gross loans and leases 192,473   192,473   208,193
Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 33   33   380
2023 3,109   3,109   2,807
2022 2,355   2,355   1,762
2021 1,110   1,110   1,182
2020 514   514   165
Prior 1,026   1,026   1,358
Revolving Loans and Leases 33   33   501
Total gross loans and leases 8,180   8,180   8,155
Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 1,198,943   1,198,943   1,726,319
2023 854,324   854,324   496,067
2022 409,119   409,119   317,929
2021 251,421   251,421   190,818
2020 138,995   138,995   62,478
Prior 183,360   183,360   188,832
Revolving Loans and Leases 1,273,991   1,273,991   1,117,630
Total gross loans and leases 4,310,153   4,310,153   4,100,073
National Lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024, Writeoffs     24    
2023, Writeoffs     2,952    
2022, Writeoffs     7,493    
2021, Writeoffs     3,269    
2020, Writeoffs     1,983    
Prior, Writeoffs     708    
Revolving Loans and Leases, Writeoffs     2,424    
Total, Writeoffs     18,853    
National Lending | Term lending          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 4,628 $ 2,852 14,925 $ 7,374  
National Lending | Term lending | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 401,657   401,657   539,448
2023 475,168   475,168   149,190
2022 119,617   119,617   99,677
2021 67,910   67,910   73,132
2020 52,871   52,871   14,368
Prior 46,207   46,207   85,812
Revolving Loans and Leases 0   0   0
Total gross loans and leases 1,163,430   1,163,430   961,627
National Lending | Term lending | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 68,494   68,494   53,481
2023 56,746   56,746   51,036
2022 40,545   40,545   58,041
2021 45,016   45,016   12,230
2020 2,967   2,967   4,483
Prior 2,676   2,676   727
Revolving Loans and Leases 0   0   0
Total gross loans and leases 216,444   216,444   179,998
National Lending | Term lending | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 8,797   8,797   26,539
2023 3,641   3,641   13,853
2022 7,043   7,043   20,463
2021 20,568   20,568   723
2020 7,680   7,680   2,932
Prior 21   21   75
Revolving Loans and Leases 0   0   0
Total gross loans and leases 47,750   47,750   64,585
National Lending | Term lending | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 16,990   16,990   20,437
2023 24,672   24,672   30,451
2022 16,907   16,907   14,729
2021 18,418   18,418   24,613
2020 19,170   19,170   3,872
Prior 2,684   2,684   764
Revolving Loans and Leases 0   0   0
Total gross loans and leases 98,841   98,841   94,866
National Lending | Term lending | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   200
2023 2,713   2,713   2,655
2022 2,355   2,355   1,691
2021 963   963   1,121
2020 487   487   165
Prior 739   739   1,225
Revolving Loans and Leases 0   0   0
Total gross loans and leases 7,257   7,257   7,057
National Lending | Term lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 495,938   495,938   640,105
2023 562,940   562,940   247,185
2022 186,467   186,467   194,601
2021 152,875   152,875   111,819
2020 83,175   83,175   25,820
Prior 52,327   52,327   88,603
Revolving Loans and Leases 0   0   0
Total gross loans and leases 1,533,722   1,533,722   1,308,133
2024, Writeoffs     0    
2023, Writeoffs     1,976    
2022, Writeoffs     7,241    
2021, Writeoffs     3,211    
2020, Writeoffs     1,789    
Prior, Writeoffs     708    
Revolving Loans and Leases, Writeoffs     0    
Total, Writeoffs     14,925    
National Lending | Asset-based lending          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 0 0 2,873  
National Lending | Asset-based lending | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 222,125   222,125   161,744
Total gross loans and leases 222,125   222,125   161,744
National Lending | Asset-based lending | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 233,343   233,343   174,243
Total gross loans and leases 233,343   233,343   174,243
National Lending | Asset-based lending | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 13,875   13,875   26,382
Total gross loans and leases 13,875   13,875   26,382
National Lending | Asset-based lending | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 3,946   3,946   19,501
Total gross loans and leases 3,946   3,946   19,501
National Lending | Asset-based lending | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024         0
2023         0
2022         0
2021         0
2020         0
Prior         0
Revolving Loans and Leases         501
Total gross loans and leases         501
National Lending | Asset-based lending | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 473,289   473,289   382,371
Total gross loans and leases 473,289   473,289   382,371
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 2,389 140 2,424 323  
National Lending | Factoring | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 287,625   287,625   270,754
Total gross loans and leases 287,625   287,625   270,754
National Lending | Factoring | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 56,232   56,232   70,833
Total gross loans and leases 56,232   56,232   70,833
National Lending | Factoring | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 577   577   8,892
Total gross loans and leases 577   577   8,892
National Lending | Factoring | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 6,273   6,273   7,865
Total gross loans and leases 6,273   6,273   7,865
National Lending | Factoring | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0    
2023 0   0    
2022 0   0    
2021 0   0    
2020 0   0    
Prior 0   0    
Revolving Loans and Leases 33   33    
Total gross loans and leases 33   33    
National Lending | Factoring | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 350,740   350,740   358,344
Total gross loans and leases 350,740   350,740   358,344
2024, Writeoffs     0    
2023, Writeoffs     0    
2022, Writeoffs     0    
2021, Writeoffs     0    
2020, Writeoffs     0    
Prior, Writeoffs     0    
Revolving Loans and Leases, Writeoffs     2,424    
Total, Writeoffs     2,424    
National Lending | Lease financing          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 302 125 1,315  
National Lending | Lease financing | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 34,430   34,430   57,123
2023 55,730   55,730   15,941
2022 18,396   18,396   15,167
2021 8,546   8,546   27,489
2020 10,519   10,519   4,036
Prior 2,583   2,583   1,281
Revolving Loans and Leases 0   0   0
Total gross loans and leases 130,204   130,204   121,037
National Lending | Lease financing | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 1,157   1,157   793
2023 0   0   10,436
2022 387   387   12,566
2021 8,489   8,489   4,494
2020 2,258   2,258   1,579
Prior 8   8   55
Revolving Loans and Leases 0   0   0
Total gross loans and leases 12,299   12,299   29,923
National Lending | Lease financing | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 265   265   0
2022 0   0   847
2021 12   12   415
2020 192   192   195
Prior 116   116   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 585   585   1,457
National Lending | Lease financing | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   14,890
2023 5,902   5,902   1,983
2022 381   381   7,082
2021 2,479   2,479   3,660
2020 2,015   2,015   3,062
Prior 819   819   33
Revolving Loans and Leases 0   0   0
Total gross loans and leases 11,596   11,596   30,710
National Lending | Lease financing | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   71
2021 147   147   61
2020 27   27   0
Prior 186   186   133
Revolving Loans and Leases 0   0   0
Total gross loans and leases 360   360   265
National Lending | Lease financing | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 35,587   35,587   72,806
2023 61,897   61,897   28,360
2022 19,164   19,164   35,733
2021 19,673   19,673   36,119
2020 15,011   15,011   8,872
Prior 3,712   3,712   1,502
Revolving Loans and Leases 0   0   0
Total gross loans and leases 155,044   155,044   183,392
National Lending | Lease financing, net of adjustments | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024, Writeoffs     0    
2023, Writeoffs     0    
2022, Writeoffs     0    
2021, Writeoffs     58    
2020, Writeoffs     67    
Prior, Writeoffs     0    
Revolving Loans and Leases, Writeoffs     0    
Total, Writeoffs     125    
National Lending | Insurance premium finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 263 443 923 852  
National Lending | Insurance premium finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 600,053   600,053   797,267
2023 16,207   16,207   1,210
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 616,260   616,260   798,477
National Lending | Insurance premium finance | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 228   228   858
2023 133   133   34
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 361   361   892
National Lending | Insurance premium finance | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 82   82   250
2023 73   73   15
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 155   155   265
National Lending | Insurance premium finance | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 41   41   91
2023 108   108   20
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 149   149   111
National Lending | Insurance premium finance | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 33   33   180
2023 96   96   152
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 129   129   332
National Lending | Insurance premium finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 600,437   600,437   798,646
2023 16,617   16,617   1,431
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 617,054   617,054   800,077
2024, Writeoffs     24    
2023, Writeoffs     726    
2022, Writeoffs     173    
2021, Writeoffs     0    
2020, Writeoffs     0    
Prior, Writeoffs     0    
Revolving Loans and Leases, Writeoffs     0    
Total, Writeoffs     923    
National Lending | SBA/USDA          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 456 0 456 0  
National Lending | SBA/USDA | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 46,314   46,314   158,675
2023 181,467   181,467   148,525
2022 181,385   181,385   26,244
2021 21,135   21,135   36,274
2020 30,045   30,045   8,798
Prior 39,910   39,910   18,252
Revolving Loans and Leases 0   0   0
Total gross loans and leases 500,256   500,256   396,768
National Lending | SBA/USDA | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   49,010
2023 11,992   11,992   48,833
2022 0   0   658
2021 1,054   1,054   51
2020 11   11   357
Prior 3,052   3,052   2,572
Revolving Loans and Leases 0   0   0
Total gross loans and leases 16,109   16,109   101,481
National Lending | SBA/USDA | Special mention          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 55   55   530
2021 55   55   0
2020 0   0   0
Prior 471   471   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 581   581   530
National Lending | SBA/USDA | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   252
2023 11,736   11,736   2,356
2022 12,281   12,281   1,718
2021 1,606   1,606   5,418
2020 9,539   9,539   8,509
Prior 11,180   11,180   7,718
Revolving Loans and Leases 0   0   0
Total gross loans and leases 46,342   46,342   25,971
National Lending | SBA/USDA | Doubtful          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0    
2023 300   300    
2022 0   0    
2021 0   0    
2020 0   0    
Prior 101   101    
Revolving Loans and Leases 0   0    
Total gross loans and leases 401   401    
National Lending | SBA/USDA | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 46,314   46,314   207,937
2023 205,495   205,495   199,714
2022 193,721   193,721   29,150
2021 23,850   23,850   41,743
2020 39,595   39,595   17,664
Prior 54,714   54,714   28,542
Revolving Loans and Leases 0   0   0
Total gross loans and leases 563,689   563,689   524,750
2024, Writeoffs     0    
2023, Writeoffs     250    
2022, Writeoffs     79    
2021, Writeoffs     0    
2020, Writeoffs     127    
Prior, Writeoffs     0    
Revolving Loans and Leases, Writeoffs     0    
Total, Writeoffs     456    
National Lending | Other commercial finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 0 0 0  
National Lending | Other commercial finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 20,667   20,667   2,330
2023 2,240   2,240   18,927
2022 9,748   9,748   32,737
2021 32,361   32,361   1,137
2020 1,214   1,214   10,122
Prior 72,607   72,607   69,927
Revolving Loans and Leases 0   0   0
Total gross loans and leases 138,837   138,837   135,180
National Lending | Other commercial finance | Watch          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   1,742
2023 2,490   2,490   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 0   0   0
Total gross loans and leases 2,490   2,490   1,742
National Lending | Other commercial finance | Substandard          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   2,753
2023 2,645   2,645   450
2022 19   19   25,708
2021 22,662   22,662   0
2020 0   0   0
Prior 0   0   258
Revolving Loans and Leases 0   0   0
Total gross loans and leases 25,326   25,326   29,169
National Lending | Other commercial finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 20,667   20,667   6,825
2023 7,375   7,375   19,377
2022 9,767   9,767   58,445
2021 55,023   55,023   1,137
2020 1,214   1,214   10,122
Prior 72,607   72,607   70,185
Revolving Loans and Leases 0   0   0
Total gross loans and leases 166,653   166,653   166,091
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 | Warehouse finance          
Financing Receivable, Credit Quality Indicator [Line Items]          
Total, Writeoffs 0 $ 0 0 $ 0  
National Lending | Warehouse finance | Pass          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 449,962   449,962   376,915
Total gross loans and leases 449,962   449,962   376,915
National Lending | Warehouse finance | Total          
Financing Receivable, Credit Quality Indicator [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans and Leases 449,962   449,962   376,915
Total gross loans and leases $ 449,962   449,962   $ 376,915
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    
v3.24.2.u1
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 4,612,552 $ 4,366,116
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,636,074 4,437,460
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,606,695 4,359,681
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 29,380 77,779
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,533,722 1,308,133
Accruing and Nonaccruing Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 473,289 382,371
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 350,740 358,344
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 155,044 183,392
Accruing and Nonaccruing Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 617,054 800,077
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 563,689 524,750
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 166,653 166,091
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,860,191 3,723,158
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 253,358 254,416
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,184 5,192
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 449,962 376,915
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 32,720 27,052
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 32,720 26,426
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 0 626
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 22,708 13,898
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 2,386 6,865
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,584 2,159
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,546 512
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 28,224 23,434
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,496 2,992
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 54,066 12,117
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 54,066 11,568
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 0 549
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,523 7,723
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 51 158
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,463 1,262
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 311 0
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 7,348 9,143
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,534 2,425
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,184 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 25,659 27,950
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 25,659 27,644
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 0 306
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 11,403 11,136
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 123
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 2,634 4,828
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,227 2,339
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,807 1,835
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 91
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,071 20,352
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,588 2,210
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 5,082
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 112,445 67,119
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 112,445 65,638
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 1,481
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 38,634 32,757
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 123
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 5,071 11,851
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,274 5,760
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,664 2,347
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 91
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 52,643 52,929
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 16,618 7,627
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,184 5,082
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 4,523,629 4,370,341
Accruing and Nonaccruing Loans and Leases | Current | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,494,250 4,294,043
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 29,380 76,298
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,495,088 1,275,376
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 473,289 382,248
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 350,740 358,344
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 149,973 171,541
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 611,780 794,317
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 560,025 522,403
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 166,653 166,000
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,807,548 3,670,229
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 236,740 246,789
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 110
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 449,962 376,915
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 44,628 56,212
Nonaccrual Balance 27,613 37,372
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 44,628 55,906
Nonaccrual Balance 27,613 37,372
Nonperforming Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 306
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 28,714 19,061
Nonaccrual Balance 23,871 15,324
Nonperforming Loans and Leases | National Lending | Asset-based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 18,082
Nonaccrual Balance 0 18,082
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 40 1,298
Nonaccrual Balance 40 1,298
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,841 5,908
Nonaccrual Balance 548 1,666
Nonperforming Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,227 2,339
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,218 1,835
Nonaccrual Balance 3,154 1,002
Nonperforming Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 91
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 36,040 48,614
Nonaccrual Balance 27,613 37,372
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,588 2,210
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 5,082
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 17,015 18,840
Nonperforming Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,015 18,534
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 306
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,843 3,737
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 2,293 4,242
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,227 2,339
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 64 833
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 91
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,427 11,242
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,588 2,210
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 5,082
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 0 $ 0
v3.24.2.u1
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Financing Receivable, Nonaccrual [Line Items]    
Total gross loans and leases $ 4,612,552 $ 4,366,116
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2024 9,284 865
2023 4,020 5,692
2022 5,082 3,379
2021 1,867 2,825
2020 2,818 3,134
Prior 4,502 2,097
Revolving Loans and Leases 40 19,380
Total gross loans and leases 27,613 37,372
Nonaccrual with No ACL 681 1
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2024 9,284 865
2023 2,830 4,942
2022 5,082 2,933
2021 1,712 2,165
2020 1,218 3,134
Prior 3,745 1,285
Revolving Loans and Leases 0 0
Total gross loans and leases 23,871 15,324
Nonaccrual with No ACL 0 0
Nonaccrual Loans | National Lending | Asset-based lending    
Financing Receivable, Nonaccrual [Line Items]    
2024   0
2023   0
2022   0
2021   0
2020   0
Prior   0
Revolving Loans and Leases   18,082
Total gross loans and leases   18,082
Nonaccrual with No ACL   0
Nonaccrual Loans | National Lending | Factoring    
Financing Receivable, Nonaccrual [Line Items]    
2024 0 0
2023 0 0
2022 0 0
2021 0 0
2020 0 0
Prior 0 0
Revolving Loans and Leases 40 1,298
Total gross loans and leases 40 1,298
Nonaccrual with No ACL 0 0
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2024 0 0
2023 153 0
2022 0 446
2021 155 660
2020 2 0
Prior 238 560
Revolving Loans and Leases 0 0
Total gross loans and leases 548 1,666
Nonaccrual with No ACL 0 1
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2024 0 0
2023 1,037 750
2022 0 0
2021 0 0
2020 1,598 0
Prior 519 252
Revolving Loans and Leases 0 0
Total gross loans and leases 3,154 1,002
Nonaccrual with No ACL 681 0
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2024 9,284 865
2023 4,020 5,692
2022 5,082 3,379
2021 1,867 2,825
2020 2,818 3,134
Prior 4,502 2,097
Revolving Loans and Leases 40 19,380
Total gross loans and leases 27,613 37,372
Nonaccrual with No ACL 681 1
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2024 9,024 8,034
2023 4,198 3,320
2022 2,401 1,839
2021 602 1,850
2020 281 2,157
Prior 509 1,612
Revolving Loans and Leases 0 28
Total gross loans and leases 17,015 18,840
90 or More Days Delinquent and Accruing | Total loans and leases held for investment    
Financing Receivable, Nonaccrual [Line Items]    
2024 9,024 7,728
2023 4,198 3,320
2022 2,401 1,839
2021 602 1,850
2020 281 2,157
Prior 509 1,612
Revolving Loans and Leases 0 28
Total gross loans and leases 17,015 18,534
90 or More Days Delinquent and Accruing | National Lending | Loans held for sale    
Financing Receivable, Nonaccrual [Line Items]    
2024   306
2023   0
2022   0
2021   0
2020   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   306
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2024 1,570 1,604
2023 2,154 1,371
2022 746 500
2021 175 233
2020 180 29
Prior 18 0
Revolving Loans and Leases 0 0
Total gross loans and leases 4,843 3,737
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2024 220 151
2023 0 490
2022 1,258 979
2021 287 784
2020 53 1,794
Prior 475 44
Revolving Loans and Leases 0 0
Total gross loans and leases 2,293 4,242
90 or More Days Delinquent and Accruing | National Lending | Insurance premium finance    
Financing Receivable, Nonaccrual [Line Items]    
2024 699 0
2023 528 414
2022 0 114
2021 0 0
2020 0 334
Prior 0 1,477
Revolving Loans and Leases 0 0
Total gross loans and leases 1,227 2,339
90 or More Days Delinquent and Accruing | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2024 0 0
2023 0 0
2022 0 0
2021 0 833
2020 48 0
Prior 16 0
Revolving Loans and Leases 0 0
Total gross loans and leases 64 833
90 or More Days Delinquent and Accruing | National Lending | Other commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2024   0
2023   0
2022   0
2021   0
2020   0
Prior   91
Revolving Loans and Leases   0
Total gross loans and leases   91
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2024 2,489 1,755
2023 2,682 2,275
2022 2,004 1,593
2021 462 1,850
2020 281 2,157
Prior 509 1,612
Revolving Loans and Leases 0 0
Total gross loans and leases 8,427 11,242
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2024 6,535 891
2023 1,516 1,045
2022 397 246
2021 140 0
2020 0 0
Prior 0 0
Revolving Loans and Leases 0 28
Total gross loans and leases $ 8,588 2,210
90 or More Days Delinquent and Accruing | National Lending | Tax services    
Financing Receivable, Nonaccrual [Line Items]    
2024   5,082
2023   0
2022   0
2021   0
2020   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   $ 5,082
v3.24.2.u1
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - National Lending - Commercial finance - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]      
TDRs subsequent default, recorded investment $ 1.5 $ 1.5 $ 0.4
60-89 Days Past Due      
Financing Receivable, Troubled Debt Restructuring [Line Items]      
TDRs subsequent default, recorded investment   $ 1.5  
v3.24.2.u1
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Basic income per common share:        
Net income attributable to Pathward Financial, Inc. $ 41,835 $ 45,096 $ 134,760 $ 127,709
Dividends and undistributed earnings allocated to participating securities (432) (690) (1,181) (1,920)
Basic net earnings available to common stockholders 41,403 44,406 133,579 125,789
Undistributed earnings allocated to nonvested restricted stockholders 419 670 1,148 1,858
Reallocation of undistributed earnings to nonvested restricted stockholders (419) (667) (1,146) (1,852)
Diluted net earnings available to common stockholders $ 41,403 $ 44,409 $ 133,580 $ 125,795
Total weighted-average basic common shares outstanding (in shares) 24,946,085 26,346,693 25,335,621 27,152,773
Effect of dilutive securities        
Total effect of dilutive securities (in shares) 33,733 100,339 29,021 86,028
Total weighted-average diluted common shares outstanding (in shares) 24,979,818 26,447,032 25,364,642 27,238,801
Net earnings per common share:        
Basic earnings per common share (in dollars per share) $ 1.66 $ 1.69 $ 5.27 $ 4.63
Diluted earnings per common share (in dollars per share) $ 1.66 $ 1.68 $ 5.27 $ 4.62
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 260,415 409,666 224,035 414,539
Performance share units        
Effect of dilutive securities        
Performance share units (in shares) 33,733 100,339 29,021 86,028
v3.24.2.u1
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Property, Plant and Equipment [Line Items]    
Total $ 334,748 $ 327,931
Accumulated depreciation (126,276) (117,418)
Unamortized initial direct costs 1,072 1,237
Net book value 209,544 211,750
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 23,908 25,094
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 136,025 122,845
Other furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 39,190 37,637
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 135,625 $ 142,355
v3.24.2.u1
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Jun. 30, 2024
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2024 $ 11,141
2025 39,960
2026 30,116
2027 21,961
2028 12,686
Thereafter 12,069
Total $ 127,933
v3.24.2.u1
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Total goodwill $ 309,505,000 $ 309,505,000
Goodwill, accumulated impairment 0  
Impairment expense $ 0 $ 0
v3.24.2.u1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 20,720 $ 25,691
Amortization during the period $ (983) $ (1,168) (3,207) (3,861)
Ending Balance 17,513 21,830 17,513 21,830
Gross carrying amount 99,385 109,133 99,385 109,133
Accumulated amortization (70,801) (76,167) (70,801) (76,167)
Accumulated impairment (11,071) (11,136) (11,071) (11,136)
Total anticipated intangible amortization 17,513 21,830 17,513 21,830
Trademark        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     7,477 8,605
Amortization during the period     (790) (868)
Ending Balance 6,687 7,737 6,687 7,737
Gross carrying amount 13,774 14,624 13,774 14,624
Accumulated amortization (7,087) (6,887) (7,087) (6,887)
Accumulated impairment 0 0 0 0
Total anticipated intangible amortization $ 6,687 7,737 $ 6,687 7,737
Trademark | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 5 years   5 years  
Trademark | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 15 years   15 years  
Non-Compete        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 0 0
Amortization during the period     0 0
Ending Balance $ 0 0 0 0
Gross carrying amount 301 2,481 301 2,481
Accumulated amortization (301) (2,481) (301) (2,481)
Accumulated impairment 0 0 0 0
Total anticipated intangible amortization 0 0 0 0
Customer Relationships        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     9,110 12,395
Amortization during the period     (2,018) (2,595)
Ending Balance 7,092 9,800 7,092 9,800
Gross carrying amount 77,578 82,088 77,578 82,088
Accumulated amortization (59,568) (61,370) (59,568) (61,370)
Accumulated impairment (10,918) (10,918) (10,918) (10,918)
Total anticipated intangible amortization $ 7,092 9,800 $ 7,092 9,800
Customer Relationships | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 10 years   10 years  
Customer Relationships | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 30 years   30 years  
All Others        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance     $ 4,133 4,691
Amortization during the period     (399) (398)
Ending Balance $ 3,734 4,293 3,734 4,293
Gross carrying amount 7,732 9,940 7,732 9,940
Accumulated amortization (3,845) (5,429) (3,845) (5,429)
Accumulated impairment (153) (218) (153) (218)
Total anticipated intangible amortization $ 3,734 $ 4,293 $ 3,734 $ 4,293
All Others | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 3 years   3 years  
All Others | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life 20 years   20 years  
v3.24.2.u1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2024 $ 923      
2025 3,569      
2026 3,223      
2027 2,577      
2028 2,267      
Thereafter 4,954      
Total anticipated intangible amortization $ 17,513 $ 20,720 $ 21,830 $ 25,691
v3.24.2.u1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Leases [Abstract]    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating lease, right-of-use asset $ 25,200 $ 26,900
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 26,977 $ 28,800
v3.24.2.u1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Leases [Abstract]    
Remaining in 2024 $ 1,121  
2025 3,985  
2026 3,435  
2027 3,152  
2028 3,095  
Thereafter 15,545  
Total undiscounted future minimum lease payments 30,333  
Discount (3,356)  
Total operating lease liabilities $ 26,977 $ 28,800
v3.24.2.u1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Leases [Abstract]          
Weighted-average discount rate 2.44%   2.44%   2.38%
Weighted-average remaining lease term (years) 8 years 11 months 4 days   8 years 11 months 4 days   9 years 7 months 28 days
Lease expense $ 990 $ 978 $ 3,007 $ 2,974  
Short-term and variable lease cost 21 22 44 106  
Sublease income (314) (368) (953) (1,040)  
Total lease cost for operating leases $ 697 $ 632 $ 2,098 $ 2,040  
v3.24.2.u1
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Aug. 25, 2023
Sep. 03, 2021
Equity, Class of Treasury Stock [Line Items]        
Stock repurchased during the period (in shares) 122,452 59,626    
Stock repurchased during the period, value $ 5.8 $ 2.1    
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)       6,000,000
Additional shares authorized to be repurchased (in shares)     7,000,000  
Stock repurchased under repurchase program (in shares) 1,283,693 2,316,814    
Remaining number of shares authorized to be repurchased (in shares) 7,382,743      
v3.24.2.u1
STOCK COMPENSATION - Narrative (Details)
$ in Millions
 9 Months Ended
Jun. 30, 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 | $ $ 8.5
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 6 months 14 days
Restricted Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Period that options vest 3 years
Restricted Shares | 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%
v3.24.2.u1
STOCK COMPENSATION - Share Activity (Details) - $ / shares
 9 Months Ended 12 Months Ended
Jun. 30, 2024
Sep. 30, 2021
Number of Shares    
Granted (in shares)   60,984,000
Restricted Shares    
Number of Shares    
Nonvested shares outstanding, beginning of period (in shares) 370,151  
Granted (in shares) 178,917  
Vested (in shares) (277,447)  
Forfeited or expired (in shares) (13,864)  
Nonvested shares outstanding, end of period (in shares) 257,757  
Weighted Average Fair Value at Grant    
Nonvested shares outstanding, beginning of period (in dollars per share) $ 35.87  
Granted (in dollars per share) 50.41  
Vested (in dollars per share) 39.49  
Forfeited or expired (in dollars per share) 42.49  
Nonvested shares outstanding, end of period (in dollars per share) $ 41.71  
Performance share units    
Number of Shares    
Nonvested shares outstanding, beginning of period (in shares) 155,804  
Granted (in shares) 52,125  
Vested (in shares) (60,984)  
Forfeited or expired (in shares) (4,483)  
Nonvested shares outstanding, end of period (in shares) 142,462  
Weighted Average Fair Value at Grant    
Nonvested shares outstanding, beginning of period (in dollars per share) $ 41.20  
Granted (in dollars per share) 49.61  
Vested (in dollars per share) 55.47  
Forfeited or expired (in dollars per share) 44.59  
Nonvested shares outstanding, end of period (in dollars per share) $ 47.24  
Target Performance Share Units    
Number of Shares    
Granted (in shares) 47,252,000  
v3.24.2.u1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Tax Disclosure [Abstract]        
Income tax expense $ 5,123 $ 3,243 $ 26,088 $ 18,996
Effective tax rate     16.15% 12.80%
v3.24.2.u1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Tax Disclosure [Abstract]        
Provision at statutory rate     $ 33,778 $ 30,808
Tax-exempt income     (522) (600)
State income taxes     6,518 6,109
Interim period effective rate adjustment     (593) (3,065)
Tax credit investments, net - federal     (12,556) (13,669)
Research tax credit     (602) (805)
IRC 162(m) nondeductible compensation     826 928
Other, net     (761) (710)
Income tax expense $ 5,123 $ 3,243 $ 26,088 $ 18,996
Effective tax rate     16.15% 12.80%
v3.24.2.u1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Disaggregation of Revenue [Line Items]        
Net interest income $ 110,859 $ 97,465 $ 339,196 $ 282,927
Gain on sale of trademarks 0 0 0 10,000
Gain on sale of other 4,675 821 9,210 657
Other income 4,965 5,889 16,188 13,921
Noninterest income 65,871 67,733 247,577 260,548
Revenue 176,730 165,198 586,773 543,475
Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 9,111 8,262 38,475 39,144
Refund advance fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: (67) (927) 43,244 37,685
Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 33,408 39,708 99,502 119,513
Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 13,779 13,980 40,958 39,628
Consumer        
Disaggregation of Revenue [Line Items]        
Net interest income 57,875 40,683 173,758 116,373
Gain on sale of trademarks     0 0
Gain on sale of other 20 0 5 0
Other income 2,020 1,929 6,230 4,470
Noninterest income 44,235 48,714 186,709 200,029
Revenue 102,110 89,397 360,467 316,402
Consumer | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 9,111 8,262 38,475 39,144
Consumer | Refund advance fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: (67) (927) 43,244 37,685
Consumer | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 33,151 39,450 98,755 118,730
Consumer | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial        
Disaggregation of Revenue [Line Items]        
Net interest income 52,494 53,067 143,288 142,149
Gain on sale of trademarks     0 0
Gain on sale of other 2,264 812 4,233 566
Other income 1,922 1,888 6,395 4,907
Noninterest income 18,051 16,709 51,799 45,247
Revenue 70,545 69,776 195,087 187,396
Commercial | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial | Refund advance fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Commercial | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 250 253 727 766
Commercial | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 13,615 13,756 40,444 39,008
Corporate Services/Other        
Disaggregation of Revenue [Line Items]        
Net interest income 490 3,715 22,150 24,405
Gain on sale of trademarks     0 10,000
Gain on sale of other 2,391 9 4,972 91
Other income 1,023 2,072 3,563 4,544
Noninterest income 3,585 2,310 9,069 15,272
Revenue 4,075 6,025 31,219 39,677
Corporate Services/Other | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Corporate Services/Other | Refund advance fee income        
Disaggregation of Revenue [Line Items]        
Noninterest income: 0 0 0 0
Corporate Services/Other | Card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income: 7 5 20 17
Corporate Services/Other | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income: $ 164 $ 224 $ 514 $ 620
v3.24.2.u1
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
segment
Jun. 30, 2023
USD ($)
Sep. 30, 2023
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     3    
Segment data [Abstract]          
Net interest income $ 110,859 $ 97,465 $ 339,196 $ 282,927  
Provision for (reversal of) credit loss 5,881 1,773 41,823 48,312  
Noninterest income 65,871 67,733 247,577 260,548  
Noninterest expense 123,679 114,578 383,384 346,773  
Income before income tax expense 47,170 48,847 161,566 148,390  
Total assets 7,530,280 7,458,625 7,530,280 7,458,625 $ 7,535,543
Total goodwill 309,505 309,505 309,505 309,505  
Total deposits 6,431,516 6,306,976 6,431,516 6,306,976  
Consumer          
Segment data [Abstract]          
Net interest income 57,875 40,683 173,758 116,373  
Provision for (reversal of) credit loss (2,187) 508 26,719 35,402  
Noninterest income 44,235 48,714 186,709 200,029  
Noninterest expense 49,133 39,666 158,598 124,070  
Income before income tax expense 55,164 49,223 175,150 156,930  
Total assets 450,044 455,540 450,044 455,540  
Total goodwill 87,145 87,145 87,145 87,145  
Total deposits 6,190,419 6,130,524 6,190,419 6,130,524  
Commercial          
Segment data [Abstract]          
Net interest income 52,494 53,067 143,288 142,149  
Provision for (reversal of) credit loss 8,013 1,265 15,031 12,860  
Noninterest income 18,051 16,709 51,799 45,247  
Noninterest expense 33,227 33,594 106,213 105,189  
Income before income tax expense 29,305 34,917 73,843 69,347  
Total assets 4,321,893 3,914,924 4,321,893 3,914,924  
Total goodwill 222,360 222,360 222,360 222,360  
Total deposits 13,592 7,550 13,592 7,550  
Corporate Services/Other          
Segment data [Abstract]          
Net interest income 490 3,715 22,150 24,405  
Provision for (reversal of) credit loss 55 0 73 50  
Noninterest income 3,585 2,310 9,069 15,272  
Noninterest expense 41,319 41,318 118,573 117,514  
Income before income tax expense (37,299) (35,293) (87,427) (77,887)  
Total assets 2,758,343 3,088,161 2,758,343 3,088,161  
Total goodwill 0 0 0 0  
Total deposits $ 227,505 $ 168,902 $ 227,505 $ 168,902  
v3.24.2.u1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 4,286 3,378
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,725,460 1,804,228
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 19,625 18,250
SBA securities 83,571 85,242
Obligations of states and political subdivisions 466 2,289
Non-bank qualified obligations of states and political subdivisions 216,167 226,723
Asset-backed securities 207,160 246,199
Mortgage-backed securities 1,198,471 1,225,525
Total debt securities AFS 1,725,460 1,804,228
Common equities and mutual funds 4,286 3,378
Non-marketable equity securities 10,495 8,389
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 4,286 3,378
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 19,625 18,250
SBA securities 83,571 85,242
Obligations of states and political subdivisions 466 2,289
Non-bank qualified obligations of states and political subdivisions 216,167 226,723
Asset-backed securities 207,160 246,199
Mortgage-backed securities 1,198,471 1,225,525
Total debt securities AFS 1,725,460 1,804,228
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
v3.24.2.u1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2024
Sep. 30, 2023
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) 33.00%  
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 4,565,649 4,223,010
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,418 21,829
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) 33.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,418 21,829
Nonrecurring | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,418 21,829
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,418 21,829
Nonrecurring | Commercial finance | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,418 21,829
Nonrecurring | Total loans and leases, net individually evaluated for credit loss    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,418 21,829
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,418 $ 21,829
v3.24.2.u1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Financial assets    
Debt securities held to maturity $ 30,237 $ 31,425
Level 1    
Financial assets    
Cash and cash equivalents 298,926 375,580
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 4,286 3,378
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 31,755 23,282
Financial liabilities    
Deposits 6,389,937 6,583,648
Overnight federal funds purchased 0 13,000
Other short- and long-term borrowings 0 0
Accrued interest payable 1,664 247
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,725,460 1,804,228
Debt securities held to maturity 30,237 31,425
Common equities and mutual funds 0 0
Non-marketable equity securities 9,522 12,064
Loans held for sale 29,380 77,779
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 24,449 28,210
Accrued interest receivable 0 0
Financial liabilities    
Deposits 41,298 5,417
Overnight federal funds purchased 0 0
Other short- and long-term borrowings 31,443 31,187
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 4,565,649 4,223,010
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 0
Other short- and long-term borrowings 0 0
Accrued interest payable 0 0
Carrying Amount    
Financial assets    
Cash and cash equivalents 298,926 375,580
Debt securities available for sale 1,725,460 1,804,228
Debt securities held to maturity 34,026 36,591
Common equities and mutual funds 4,286 3,378
Non-marketable equity securities 20,017 20,453
Loans held for sale 29,380 77,779
Loans and leases 4,606,695 4,359,681
Federal Reserve Bank and Federal Home Loan Bank stocks 24,449 28,210
Accrued interest receivable 31,755 23,282
Financial liabilities    
Deposits 6,431,516 6,589,182
Overnight federal funds purchased 0 13,000
Other short- and long-term borrowings 33,329 33,873
Accrued interest payable 1,664 247
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 298,926 375,580
Debt securities available for sale 1,725,460 1,804,228
Debt securities held to maturity 30,237 31,425
Common equities and mutual funds 4,286 3,378
Non-marketable equity securities 20,017 20,453
Loans held for sale 29,380 77,779
Loans and leases 4,565,649 4,223,010
Federal Reserve Bank and Federal Home Loan Bank stocks 24,449 28,210
Accrued interest receivable 31,755 23,282
Financial liabilities    
Deposits 6,431,235 6,589,065
Overnight federal funds purchased 0 13,000
Other short- and long-term borrowings 31,443 31,187
Accrued interest payable $ 1,664 $ 247