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Dec 31, 2022
Cass Q4 2022 Earnings Report
Cass announced record annual and quarterly earnings.
Key Takeaways
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.
Record quarterly net income and diluted earnings per share were achieved.
Diluted earnings per share increased by 21.8% to $0.67.
Net income increased by 20.6% to $9.3 million.
Return on average equity increased to 18.96%.
Cass
Cass
Cass Revenue by Segment
Revenue by Segment
Processing fees Revenue
CapyFin.comFinancial fees Revenue
CapyFin.com Forward Guidance
Cass plans to focus on profitable growth, technological investments in core businesses, and creating shareholder value in 2023.
Positive Outlook
- Focus on profitable growth.
- Positioning the company for long-term success through technological investment in our core businesses.
- Creating shareholder value.
- Significant technological investments should allow Cass to better serve clients.
- Technological investments should make Cass more efficient over the long-term.
Challenges Ahead
- Economic and market conditions.
- Inflationary pressures.
- Risks of credit deterioration.
- Interest rate changes.
- Governmental actions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income