Pathward Financial (CASH) said Friday its Pathward NA subsidiary closed the sale of its commercial insurance premium finance business to Honor Capital.
The buyer paid $603.3 million for the business based on the net asset value of the assets plus a $31.2 million premium.
The company also boosted guidance for fiscal 2025 GAAP earnings to a range of $7.25 to $7.75 per diluted share from $7.10 to $7.60
Three analysts polled by Capital IQ expect $7.67.
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