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  "documentTitle": "Pathward Financial | Results Presentation Deck | 33 slides",
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  "authorName": "Pathward Financial",
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  "presentationDate": "2023-07-01 00:00:00",
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  "notes": "Includes a table detailing net interest income, product income, expenses, and loss rates for tax services.",
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      "text": "Total pre-tax net income for the nine months ended June 30, 2023, was down compared to the prior year, which was primarily due to the nonrenewal of two tax partnerships and higher provision expense.",
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      "text": "RA originations of $1.46 billion compared to $1.83 billion in the 2022 tax season. When excluding the two partners not renewed, loan originations increased $116.2 million compared to the previous year.",
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      "text": "Provision for tax services products increased from the prior year’s tax season primarily due to a shift in mix in RAs from partnership channels to independent tax providers, which was expected.",
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      "kind": "paragraph",
      "text": "Refund advances (“RAs”) and refund transfers (“RTs”) leverage Banking as a Service (“BaaS”) infrastructure and are core to Pathward’s purpose, allowing consumers quicker access to their money.",
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      "text": "Tax season at Pathward ramps up during the first fiscal quarter, peaks during the second fiscal quarter, and wraps up during the third fiscal quarter. As a result, performance for the nine months ended June 30 is a better reflection on the overall performance for tax season as it alleviates timing differences between quarters.",
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      "text": "1 Approximate loss rate calculated by taking provision for loan & lease losses divided by total refund advance originations. It also includes recoveries from prior tax season, except for an exclusion of a large recovery in FY22 from the FY21 season.",
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      "text": "TAX SERVICES ECONOMICS table",
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      "text": "2023 Tax Season Update",
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