Meta Financial profits grow in fourth quarter and fiscal year

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MetaBank parent Meta Financial Group Inc. reported profits of $33.2 million for year ended Sept. 30, compared with $18.1 million a year ago, while fourth-quarter net income was $6 million, up from $4.6 million in the fourth quarter of 2015, according to a release. Earnings per share were $3.92 for the fiscal year, a 47 percent increase from the previous year. Average assets for the fiscal year were $3.23 billion, up from $2.45 billion a year ago for the Sioux Falls, S.D.-based holding company. MetaBank has four branches in Greater Des Moines.