Cass Earnings Reports

Cass Information Systems posted a net income of $8.9 million with strong growth in net interest income and improved efficiency initiatives. Transportation and facility expense dollar volumes rose, supported by higher energy prices and new client onboarding. The sale of the TEM business generated a $3.6 million gain.

Cass Information Systems, Inc. reported first quarter 2025 earnings of $0.66 per diluted share, a 26.9% increase from $0.52 in the first quarter of 2024. Net income for the period was $9.0 million, up 25.4% from $7.2 million in the same period last year. The company's performance was bolstered by an improved net interest margin and strategic investments in technology, despite declines in transportation invoice and dollar volumes.

Cass Information Systems reported Q4 2024 earnings of $0.33 per diluted share, a decrease from $0.61 in Q4 2023 but an increase from $0.21 in Q3 2024. Net income was $4.6 million, down 45.4% year-over-year but up 56.4% from the previous quarter. The company highlighted operational strength, increased net interest margin, and strategic initiatives expected to drive future profitability.

Cass Information Systems reported third quarter earnings of $0.21 per diluted share, down from $0.54 in the same quarter last year. Net income was $2.9 million, impacted by $6.6 million in bad debt expense. However, the company saw an increase in net interest margin to 3.55% and growth in facility expense transaction volumes of 26.3%.

Cass Information Systems reported a net income of $4.5 million, or $0.32 per diluted share, for the second quarter of 2024. The company experienced growth in facility expense transaction volumes and processing fees, but faced challenges including the loss of non-interest bearing funding due to a cyber event and one-time expenses.

Cass Information Systems reported Q1 2024 earnings of $0.52 per diluted share, a slight increase from $0.51 in Q1 2023 but a decrease from $0.61 in Q4 2023. The company saw growth in facility expense transaction volumes and processing fees, but declines in transportation dollar volumes and net interest income.

Cass Information Systems reported Q4 2023 earnings of $0.61 per diluted share, compared to $0.67 in Q4 2022. Net income for the quarter was $8.4 million, a decrease of 9.4% year-over-year but an increase of 13.8% compared to the third quarter of 2023. The company saw a 9.7% increase in facility transaction volumes, while transportation dollar volumes decreased by 17.3%.

Cass Information Systems reported Q3 2023 earnings of $0.54 per diluted share, compared to $0.64 in Q3 2022 and $0.52 in Q2 2023. Net income was $7.4 million, down 16.0% from $8.8 million in the same period last year, but up 3.6% from the previous quarter. Total revenues increased by 4.3% to $49.223 million.

Cass Information Systems reported a net income of $7.1 million, or $0.52 per diluted share, for the second quarter of 2023. While total revenues increased by 9.0%, net income decreased by 16.6% compared to the same period last year. The company's financial results were impacted by a decrease in payment float from transportation clients and deposit balances from Cass Commercial Bank clients, as well as increased operating expenses due to technology platform upgrades.

Cass Information Systems reported a decrease in earnings per share to $0.51, a 15.0% decrease compared to Q1 2022. Net income decreased by 13.8% to $7.1 million. However, total revenues increased by 17.2% to $49.345 million, driven by higher net interest income, financial fees, and payment processing fees.

Cass Information Systems reported a 21.8% increase in diluted earnings per share to $0.67 and a 20.6% increase in net income to $9.3 million for Q4 2022, driven by rising interest rates and strategic technology investments.

Cass Information Systems reported record quarterly net income and diluted earnings per share, with a 33.3% increase in diluted earnings per share to $0.64 and a 29.3% increase in net income to $8.8 million compared to the same period in 2021. The company experienced growth in transportation dollar volumes, financial fees, and net interest income.

Cass Information Systems reported a strong second quarter with record net income and diluted earnings per share. Net income increased by 21.9% to $8.6 million, and diluted earnings per share increased by 29.2% to $0.62. The company saw growth in transportation dollar volumes, financial fees, and average loans, excluding PPP loans.

Cass Information Systems reported a record first quarter with a 22.4% increase in diluted earnings per share to $0.60 and a 16.8% increase in net income to $8.3 million. The company also saw record quarterly transportation dollar volumes of $10.9 billion.

Cass Information Systems reported a strong fourth quarter with a 25% increase in diluted EPS, driven by increased transportation and facility expense volumes. Net income also saw a significant rise of 20% compared to the same period last year.

Cass Information Systems reported a 20% increase in third quarter diluted EPS to $0.48, up from $0.40 in the same period last year. Net income rose by 18% to $6.8 million. The company experienced growth in transportation and facility-related volumes, contributing to an 8% increase in revenues.

Cass Information Systems reported a 30% increase in second quarter diluted EPS to $0.48, compared to $0.37 in the same period last year. Net income increased by 29% to $7.0 million. Revenues increased by 13% to $38.4 million, driven by higher transportation and facility-related volumes.

Cass Information Systems reported a 2% increase in fourth-quarter diluted earnings per share, rising from $0.43 in 2019 to $0.44 in 2020. Net income also saw a slight increase of 1%. However, revenue decreased by 5% compared to the same quarter in the previous year.

Cass Information Systems reported a decrease in third quarter earnings, with earnings per share at $0.40, a 29% decrease from 2019. Net income also decreased to $5.8 million, compared to $8.2 million in the previous year. The declines were attributed to the impact of COVID-19, lower interest rates, and lower energy prices.

Cass Information Systems reported a decrease in second quarter earnings, with revenue down 14% and net income down 29%. The declines were attributed to the impact of COVID-19 on the company's customers and lower interest rates.

Cass Information Systems reported a decrease in first-quarter earnings per share to $0.52, a 5% decrease from the $0.55 reported in Q1 2019. Net income also decreased to $7.5 million, compared to $8.2 million in the previous year. The company faced challenges due to COVID-19, which affected transportation and facility-related volumes.

Cass Information Systems reported Q4 2019 earnings of $0.43 per diluted share, a 9% decrease from Q4 2018. Net income for the quarter was $6.4 million, compared to $7.1 million in the previous year. Revenues increased slightly by 1.7% to $38.9 million. Despite the quarterly decline, the company reported record earnings for the full year.