Pathward Financial, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the Metal Financial Group Third Quarter Fiscal Year 2021 Investor Conference Call. During the presentation, all participants will be in a listen-only mode. Following the prepared remarks, we will conduct a question-and-answer session. As a reminder, the conference call is being recorded. I would now like to turn the call over to Brittany Kelly Elsasser, Director of Investor Relations. Please go ahead.

Thank you. I would like to welcome everyone to the Meta Financial Group conference call and webcast, where President and CEO Brad Hanson and Executive Vice President and CFO Glenn Herrick will discuss the results of our third fiscal quarter ended June 30, 2021. Also participating in the call is Brett Farr, Co-President and COO of MetaBank. Additional information, including the earnings release and investor presentation, may be found on our website at metafinancialgroup.com. As a reminder, our comments may include forward-looking statements. Those statements are subject to risks and uncertainties that could cause actual and anticipated results to differ. The company undertakes no obligation to update any forward-looking statements. Please refer to the cautionary language in the earnings release, investor presentation, and in META's filings with the Securities and Exchange Commission, including our most recent filings, for additional information covering factors that could cause actual results to differ materially from the forward-looking statements. Additionally, today we may be discussing certain non-GAAP financial measures on this conference call. References to non-GAAP measures are only provided to assist you in understanding META's results and performance trends. Reconciliations for such non-GAAP measures are included within the appendix of the investor presentation. Now, I will turn the call over to Brad Hanson.

Good afternoon, and thank you for joining our call today. Net income for the quarter was $38.7 million, or $1.21 per diluted share, compared to $18.2 million, or 53 cents per diluted share generated in the third quarter last year. Various timing items, including tax season delays, additional card fee income from government stimulus programs, and reduced provision drove the enhanced performance year over year. Year to date, net income was $125.8 million, a 37% increase compared to the prior year, driven primarily by the additional card fee income and net interest income from government stimulus programs, along with lower provisioning. Our results demonstrate how META's mission of financial inclusion for all is creating value for all stakeholders, our customers, our employees, and our shareholders. This mission is embedded in our vision to increase the availability of financial products that offer social benefit and produce economic opportunity for people. We empower individuals and organizations by expanding financial availability, choice, and opportunity. We use our national bank charter to offer banking as a service, or what we call sponsorship, to FinTechs and third-party providers, helping them access financial networks, navigate risk and compliance, and we monitor their activities to ensure quality, security, and fairness across a number of relationships and a variety of products. One example of how we empower consumers is our sponsorship of Coinbase, a fintech company working to build the crypto economy. The Coinbase card, issued by MetaBank in partnership with Marketa, is a Visa debit card that allows customers to instantly convert any asset in their Coinbase portfolio to spend at Visa-accepted locations, earning rewards for each purchase. Partnering with Coinbase, Meta helps to empower consumers with ways to manage and spend these emerging assets. Our mission also drives our environmental, social, and governance efforts. ESG is embedded in our strategy, aligning our business activities with our purpose and culture. We advanced our ESG efforts during the quarter by publishing our inaugural ESG report, highlighting the efforts we've undertaken and outlining our future ambitions across five critical pillars, governance, customers, employees, the community, and the environment. As part of our ESG reporting process, we also completed a materiality assessment to determine the topics that are most important to our stakeholders. This assessment will help further develop our ESG strategy, including the establishment of quantitative goals that we publish in future reports and use to guide our efforts. Also during the quarter, we launched our Community Impact Program to support the ways in which our employees and our companies show up in the communities we serve. This program includes matching gifts, paid time off for volunteering, and exploring partnerships with nonprofits in which our employees can engage. With that, I'm turning the call over to Brett to share some additional thoughts.