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Meta: Fiscal Q2 Earnings Snapshot

April 28, 2022 GMT

SIOUX FALLS, S.D. (AP) _ Meta Financial Group Inc. (CASH) on Thursday reported fiscal second-quarter earnings of $48.4 million.

On a per-share basis, the Sioux Falls, South Dakota-based company said it had net income of $1.66. Earnings, adjusted for non-recurring costs, came to $1.73 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The holding company for Meta Bank posted revenue of $194.9 million in the period. Its adjusted revenue was $193.6 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $200.6 million.

Meta shares have declined 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $45.92, a drop of 8.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CASH at https://www.zacks.com/ap/CASH