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SIGNIFICANT EVENTS | 12 Months Ended
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Sep. 30, 2023
Unusual or Infrequent Items, or Both [Abstract] |
SIGNIFICANT EVENTS | SIGNIFICANT EVENTSIn December 2022, the Company completed its rebranding efforts to Pathward Financial, Inc., including its bank subsidiary to Pathward, N.A. In December 2021, the Company executed a Purchase Agreement (the “Agreement”) with Beige Key, LLC (the “Assignee”) for the sale of all of the Company’s worldwide right, title and interest in and to company names and tradenames including Meta and other “Meta” formative names including MetaBank and Meta Financial Group, and the domain names, social media accounts and goodwill associated with the foregoing (collectively, the “Meta” tradenames) in exchange for $60.0 million in cash. The Company received and recognized $50.0 million as noninterest income upon execution and delivery of the Agreement, at which time the Meta tradenames were assigned to the Assignee. The Company received and recognized the remaining $10.0 million as noninterest income upon completion of required phase-out activities, which occurred in December 2022. The Company incurred $3.7 million and $13.1 million of noninterest expense in the fiscal years ending September 30, 2023 and 2022, respectively, as a result of rebranding activities.

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