Meta Financial Group reports earnings
Meta Financial Group Inc. reported net income for its fiscal fourth quarter of $1.7 million, or 28 cents per share, compared with $2.2 million, or 70 cents per share, for the prior-year period. Annual net income for the fiscal year ended Sept. 30 was $17.1 million, or $4.92 per share, which was the highest annual net income in the company’s history, Meta Financial’s president and CEO, J. Tyler Haahr, said in a release. The company raised an additional $47 million in new capital through 12 private placement transactions in 2012, which it will use to enhance operating systems and provide additional assurance that capital levels remain in excess of regulatory requirements, Haahr said.