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Date | Price Target | Rating | Analyst |
---|---|---|---|
7/15/2025 | $50.00 | Outperform | Raymond James |
2/12/2024 | $45.00 → $51.00 | Neutral → Overweight | Piper Sandler |
12/6/2022 | Neutral | Piper Sandler |
Cass Information Systems, Inc. (NASDAQ:CASS) (the Company or Cass) today reported its second quarter 2025 earnings as follows: ($ in thousands, except per share data) Quarter Ended June 30, 2025 Quarter Ended March 31, 2025 Quarter Ended June 30, 2024 Six-Months Ended June 30, 2025 Six-Months Ended June 30, 2024 Net income $ 8,855 $ 8,966 $ 4,484 $ 17,821 $ 11,636 Diluted earnings per share $ 0.66 $ 0.66 $ 0.32
Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported first quarter 2025 earnings of $0.66 per diluted share, as compared to $0.52 in the first quarter of 2024 and $0.33 in the fourth quarter of 2024. Net income for the period was $9.0 million, an increase of 25.4% from $7.2 million in the same period in 2024 and an increase of $4.4 million, or 95.2%, as compared to the fourth quarter of 2024. First Quarter Results All comparisons refer to the first quarter of 2024, except as noted. On April 7, 2025, the Company signed an Asset Purchase Agreement providing for the sale of its Telecom Expense Management & Managed Mobility Services ("TEM") business to Asignet USA Inc.
Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) has entered into an Asset Purchase Agreement to sell its Telecom Expense Management & Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider. Martin Resch, the Company's President and Chief Executive Officer, said, "The sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing. We believe this transaction will create a great deal of value for our customers given Asignet's significant investment in products and services in this space. Asign
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
Raymond James initiated coverage of Cass Information Systems (CASSQ) with a rating of Outperform and set a new price target of $50.00
Piper Sandler upgraded Cass Information Systems from Neutral to Overweight and set a new price target of $51.00 from $45.00 previously
Piper Sandler initiated coverage of Cass Information Systems with a rating of Neutral
10-Q - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
11-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
Cass Information Systems, Inc. (NASDAQ:CASS) (the Company or Cass) today reported its second quarter 2025 earnings as follows: ($ in thousands, except per share data) Quarter Ended June 30, 2025 Quarter Ended March 31, 2025 Quarter Ended June 30, 2024 Six-Months Ended June 30, 2025 Six-Months Ended June 30, 2024 Net income $ 8,855 $ 8,966 $ 4,484 $ 17,821 $ 11,636 Diluted earnings per share $ 0.66 $ 0.66 $ 0.32
Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported first quarter 2025 earnings of $0.66 per diluted share, as compared to $0.52 in the first quarter of 2024 and $0.33 in the fourth quarter of 2024. Net income for the period was $9.0 million, an increase of 25.4% from $7.2 million in the same period in 2024 and an increase of $4.4 million, or 95.2%, as compared to the fourth quarter of 2024. First Quarter Results All comparisons refer to the first quarter of 2024, except as noted. On April 7, 2025, the Company signed an Asset Purchase Agreement providing for the sale of its Telecom Expense Management & Managed Mobility Services ("TEM") business to Asignet USA Inc.
Fourth Quarter Results (All comparisons refer to the fourth quarter of 2023, except as noted) Net income of $4.6 million, or $0.33 per diluted common share. Successfully terminated defined benefit pension plan resulting in one-time expense of $3.5 million. Increase in net interest margin to 3.55% from 3.30%. Increase in facility expense transaction volumes of 20.3%. Completed acquisition of AcuAudit from Acuitive Solutions LLC. Maintained exceptional credit quality, with no non-performing loans or charge-offs. Repurchased 79,713 shares of Company stock at weighted average price of $44.02. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported fo
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)