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July 07, 2015 6:00 AM ET

Thrifts and Mortgage Finance

Company Overview of Meta Financial Group, Inc.

Company Overview

Meta Financial Group, Inc. operates as the holding company for MetaBank that offers various banking products and services to commercial, agricultural, and retail customers. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to the prepaid cards, which primarily include checking accounts and certificate accounts. The company’s loan portfolio comprises one-to-four family residential mortgage, commercial and multi-family real estate, agricultural operations and real estate, construction, and consumer and commercial business loans. It also issues prepaid cards and consumer cre...

5501 South Broadband Lane

Sioux Falls, SD 57108

United States

Founded in 1954

453 Employees

Phone:

605 782 1767

Key Executives for Meta Financial Group, Inc.

Chairman, Chief Executive Officer, Chairman of Metabank and Chief Executive Officer of MetaBank
Age: 52
Total Annual Compensation: $520.0K
President, Director, President of Meta Payment Systems, President of Metabank and Director of Metabank
Age: 51
Total Annual Compensation: $520.0K
Chief Financial Officer, Executive Vice President, Treasurer, Secretary, Chief Financial Officer of Metabank and Executive Vice President of Metabank
Age: 53
Total Annual Compensation: $225.0K
Chief Operating Officer, Executive Vice President, Chief Operating Officer of Metabank and Executive Vice President of Metabank
Age: 55
Total Annual Compensation: $210.0K
Executive Vice President of Sales & Operations, Director and Director of Meta Bank
Age: 47
Total Annual Compensation: $252.4K
Compensation as of Fiscal Year 2014.

Meta Financial Group, Inc. Key Developments

Meta Financial To Raise Funds; Mulls Acquisitions

Meta Financial Group, Inc. (NasdaqGS:CASH) has agreed to sell to several institutional investors an aggregate of approximately 535,000 shares of the company's common stock, for aggregate consideration of approximately $23 million. The company intends to use the net proceeds from these proposed stock issuances to finance a future acquisition.

Meta Financial Group, Inc. to Pay Cash Dividend for the Third Fiscal Quarter of 2015, Payable on or About July 1, 2015

Meta Financial Group, Inc. announced that the company will pay a cash dividend of $0.13 per share for the third fiscal quarter of 2015. This dividend will be payable on or about July 1, 2015 to shareholders of record as of June 8, 2015.

Meta Financial Group, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Meta Financial Group, Inc. reported consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company has posted net interest income was $15,286,000 against $11,519,000 a year ago. Income before income tax expense was $6,243,000 against $4,539,000 a year ago. Net income was $5,181,000 or $0.78 diluted per share against $4,144,000 or $0.67 diluted per share a year ago. For the six months, the company has posted net interest income was $28,857,000 against $22,032,000 a year ago. Income before income tax expense was $10,027,000 against $9,578,000 a year ago. Net income was $8,776,000 or $1.37 diluted per share against $8,146,000 or $1.32 diluted per share a year ago. Return on average assets was 0.78% against 0.87% a year ago. Return on average equity was 9.30% against 11.00% a year ago. Tangible book value per common share increased by $0.12, or 0.4%, to $28.03 per share at March 31, 2015, from $27.91 per share at September 30, 2014. Book value per common share outstanding increased by $2.86, or 10%, to $31.19 per share at March 31, 2015, from $28.33 per share at September 30, 2014.

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