CASS Research | Milton Maxwell

CASS

Cass Information Systems, Inc.

43.77

-0.12-0.26%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ Jan 22, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

578.40M

P/E (TTM)

21.56

Basic EPS (TTM)

2.03

Dividend Yield

0.03%

Recent Filings

10-Q

Q3 FY2025 results

11/4/25Nov 4, 2025

Cass Information Systems posted solid Q3 FY2025 results, with net income from continuing operations jumping 204% year-over-year to $9.2 million and diluted EPS climbing to $0.69 from $0.22, fueled by net interest income surging 19% to $21.0 million on a wider 3.87% margin and average earning assets up 9%. Fee revenues held steady at $28.8 million despite a 5% dip in financial fees, while operating expenses dropped 10% to $38.4 million, thanks to no bad debt hits after last year's $6.6 million charge. The company closed its telecom expense management sale in June 2025 for $18.0 million cash, recognizing a $3.6 million gain and streamlining to core processing and banking. Cash and equivalents stood at $258.6 million with no debt, supporting robust liquidity. Yet carrier consolidation pressures quick-pay volumes.

8-K

Strong Q3 earnings, dividend up

10/23/25Oct 23, 2025

Cass Information Systems posted Q3 2025 net income of $9.1 million, up sharply from $2.9 million a year ago, fueled by net interest income surging 19.3% to $21.0 million on a 3.87% margin. Facility dollar volumes climbed 13.9% to $6.2 billion, offsetting softer transportation trends amid the freight recession. AI-driven efficiencies now handle over 80% of facility invoices. The board hiked the quarterly dividend to $0.32 per share, payable December 15. Non-performing loans rose to $7.1 million.

10-Q

Q2 FY2025 results

8/5/25Aug 5, 2025

Cass Information Systems posted solid Q2 FY2025 results, with net income from continuing operations up 19.8% year-over-year to $5.2 million and diluted EPS climbing 22.6% to $0.38, fueled by net interest income surging 22.3% to $19.5 million on a 46 basis point margin expansion to 3.78% (derived). Processing fees edged up 1.6% to $17.1 million amid flat volumes, while financial fees dipped 2.9% to $10.2 million due to 17.4% lower average payments in advance of funding; a $3.6 million loss on investment securities sales offset some gains. The company closed its TEM business sale to Asignet on June 30 for $18.0 million cash, recognizing $3.6 million goodwill previously and booking a $3.6 million gain in discontinued operations. Liquidity remains strong with $218.2 million in cash equivalents and no debt, bolstered by $1.00 billion in deposits. Yet carrier consolidation pressures quick-pay volumes.

8-K

Q2 earnings surge on TEM sale

7/17/25Jul 17, 2025

Cass Information Systems reported Q2 2025 net income of $8.9 million, up sharply from $4.5 million a year ago, fueled by a 22.3% jump in net interest income to $19.5 million and a net interest margin expansion to 3.78%. The company closed the $18 million sale of its TEM business on June 30, generating a $3.6 million gain while trimming intangibles by $5.1 million, freeing capital for core operations. Yet it booked a $3.6 million loss on selling low-yield securities to boost future margins. Board declared a $0.31 quarterly dividend and authorized 500,000 share repurchases.

10-Q

Q1 FY2025 results

5/7/25May 7, 2025

Cass Information Systems kicked off 2025 with net income from continuing operations up 21.1% year-over-year to $8.6 million, fueled by net interest income surging 17.0% to $19.3 million on a richer 3.75% margin, while total net revenue climbed 2.9% to $46.4 million despite softer processing fees down 2.3% from lower transportation volumes. Operating expenses dipped 1.9% to $35.5 million, thanks to a $2.0 million bad debt recovery from a settled dispute, lifting pre-tax income 22.3% to $10.9 million; diluted EPS from continuing operations rose 23.5% to $0.63, reconciling neatly with 13.6 million weighted shares. Liquidity holds firm with $221 million in cash equivalents and no debt, bolstered by $1.0 billion in deposits, while the pending Q2 sale of its telecom unit to Asignet for $18.0 million (cash, closing expected soon) sharpens focus on core strengths. Yet freight recession lingers as a drag on volumes.

About

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates in two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software and online platform to provide generosity services for faith-based and non-profit organizations. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as demand, savings, time, and money market deposits; commercial, industrial, commercial real estate, and construction and land development loans; and cash management services to privately held businesses, restaurant franchises, and faith-based ministries. Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and a leased facility in Colorado Springs, Colorado. The company was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. Cass Information Systems, Inc. was founded in 1906 and is headquartered in St. Louis, Missouri.

CEO

Mr. Martin H. Resch

IPO

7/2/1996

Website

https://www.cassinfo.com

Employees

982

Sector

Industrials

Industry

Specialty Business Services