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Meta: Fiscal 1Q Earnings Snapshot

January 27, 2021 GMT

SIOUX FALLS, S.D. (AP) _ Meta Financial Group Inc. (CASH) on Wednesday reported fiscal first-quarter earnings of $28 million.

The Sioux Falls, South Dakota-based company said it had profit of 84 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The holding company for Meta Bank posted revenue of $113.6 million in the period. Its adjusted revenue was $111.5 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $106.7 million.

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Meta shares have risen almost 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.19, a climb of 1% 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