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  "documentTitle": "Pathward Financial | Results Presentation Deck | 25 slides",
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  "authorName": "Pathward Financial",
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  "presentationDate": "2023-01-01 00:00:00",
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      "text": "OPTIMIZE INTEREST-EARNING PORTFOLIO, TO EMPHASIZE HIGHER-RETURN ASSETS. Improved yield on earning assets to 5.70% for 1Q23 as compared to 4.69% for 1Q22. Grew commercial finance loans by $209 million, or 7%, from December 31, 2021. $1.9 billion securities portfolio provides cash flow for future commercial finance loan growth.",
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      "text": "OPTIMIZE DEPOSIT MIX, TO MAINTAIN A STABLE, LOW-COST DEPOSIT BASE. Low cost of deposits driven by high levels of noninterest deposits (96% of total deposits). Achieved 0.07% cost of funds from all deposits and borrowings and total cost of deposits of 0.01% for 1Q23. $2.23 billion of off-balance sheet customer deposits in custody of program banks. Prioritizing acquisition of stable BaaS deposits, which can generate higher levels of fee income.",
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      "text": "TARGET OF 2X OPERATING LEVERAGE. Efficiency ratio of 68.81% compared to 59.26% as of December 31, 2021. Ongoing initiatives to drive long-term simplification and optimize existing business platforms through the establishment of a business transformation office.",
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      "text": "1 Adjusted efficiency ratio (excluding the gain on sale of trademarks and rebranding expenses) for the twelve months ended December 31, 2022 was 67.10%. See appendix for Non-GAAP financial measures reconciliations. 2 See slide 13 (Low-cost Deposits) for additional detail on deposit costs.",
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