Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecommunications expense management solutions. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as checking, savings, and time deposit accounts; commercial, industrial, and real estate loans; and cash management services to privately-owned businesses and faith-related 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 additional leased facilities in Fenton, Missouri and 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.
IPO Year:
Exchange: NASDAQ
Website: cassinfo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2024 | $45.00 → $51.00 | Neutral → Overweight | Piper Sandler |
| 12/6/2022 | Neutral | Piper Sandler |
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
DEF 14A - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
10-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
10-Q - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
10-Q - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
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)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
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
NEW YORK, March 3, 2025 /PRNewswire/ -- Today's Marketplace (TMP) is proud to announce a featured interview with Martin Resch, President & CEO of Cass Information Systems (NASDAQ: CASS), and Anthony R. Hendrickson, PH.D, Dean of the Heider College of Business, Creighton University. The two men joined TMP's host Jane King to discuss the financial implications of invoice fraud and other security issues involving payables which have become a substantial concern for businesses of all sizes. Approximately 80% of businesses experience some type of invoice fraud severe enough to impact their bottom line.The full interview can be viewed online. "When we think about AP p
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
Cass Information Systems, Inc. (NASDAQ:CASS) (Cass), the leading global provider of freight audit & payment solutions, has acquired AcuAudit, the premier freight audit platform for ocean and international air freight, from Acuitive Solutions LLC. Global shippers choose AcuAudit for its advanced audit and accounting automation capabilities. Shippers especially value the solution because it enables a fast and accurate understanding of landed costs at the product level. "The Acuitive team has built a truly exceptional solution to support the advanced needs of global shippers," said Tony Urban, president of Cass's freight audit and payment group. "Today, with a best-in-class solution for ev
Partnership demonstrates continued commitment to deliver best practices and global visibility to multinational clients Cass Information Systems, Inc. (NASDAQ:CASS) ("Cass"), the leading global provider of freight audit and payment solutions, has announced a partnership with Lupeon, Brazil's leading freight audit provider, to deliver an in-region solution for Cass's global client base. U.S.-based Cass provides a global solution covering all other regions of South America. In Brazil, unique regulatory requirements for freight charges necessitate a highly distinct process. An invoice can include federal, regional, and city taxes, as well as tolls and insurance. Additionally, to combat frau
Third Quarter Results (All comparisons refer to the third quarter of 2023, except as noted) Net income of $2.9 million, or $0.21 per diluted common share (includes $6.6 million of bad debt expense on a funding receivable related to a facility client). Increase in net interest margin to 3.55%. Increase in facility expense transaction volumes of 26.3%. Increased quarterly dividend to $0.31 per share. Repurchased 64,471 shares of Company stock. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported third quarter 2024 earnings of $0.21 per diluted share, as compared to $0.54 in the third quarter of 2023 and $0.32 in the second quarter of 2024. Net income for th
The world's leading commercial solution is now approved for use by U.S. Government agencies Cass Information Systems, Inc. (NASDAQ:CASS) (Cass), a leading provider of global payment solutions, has received a Multiple Award Schedule contract with the General Services Administration (GSA). This pre-approved contract enables government and federal agencies to efficiently award business to Cass for freight audit and payment services for all transportation modes. Cass, a provider of payment solutions for diverse spend categories, processed $90B in payables in 2023, including $38B in transportation payables. Mark Campbell, president of the Cass Government Payables group, noted, "Agencies who a
Second Quarter Results (All comparisons refer to the second quarter of 2023, except as noted) Net income of $4.5 million, or $0.32 per diluted common share. Return on average equity and assets of 8.01% and 0.78%, respectively. Increase in facility expense transaction volumes of 25.1%. Processing fee growth of 8.9%. Maintained exceptional credit quality, with no non-performing loans or charge-offs. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported second quarter 2024 earnings of $0.32 per diluted share, as compared to $0.52 in the second quarter of 2023 and $0.52 in the first quarter of 2024. Net income for the period was $4.5 million, as compar
Cass Information Systems, Inc. (NASDAQ:CASS) and FreightWaves SONAR, the leader in supply chain intelligence, are excited to announce a strategic partnership designed to benefit the freight and logistics industry. Cass, a premier provider of freight audit and payment solutions, is proud to announce its position as a critical channel partner for the SONAR Supply Chain Intelligence (SCI) tool, enabling Cass customers to easily access industry rate information and compare their own data for effective benchmarking purposes. Cass is an exclusive partner for SONAR SCI in the freight audit and payment space. The partnership will also allow Cass customers to directly access their data within th
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
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
Cass Information Systems, Inc. (NASDAQ:CASS) (Cass), the leading global provider of freight audit & payment solutions, has acquired AcuAudit, the premier freight audit platform for ocean and international air freight, from Acuitive Solutions LLC. Global shippers choose AcuAudit for its advanced audit and accounting automation capabilities. Shippers especially value the solution because it enables a fast and accurate understanding of landed costs at the product level. "The Acuitive team has built a truly exceptional solution to support the advanced needs of global shippers," said Tony Urban, president of Cass's freight audit and payment group. "Today, with a best-in-class solution for ev
Third Quarter Results (All comparisons refer to the third quarter of 2023, except as noted) Net income of $2.9 million, or $0.21 per diluted common share (includes $6.6 million of bad debt expense on a funding receivable related to a facility client). Increase in net interest margin to 3.55%. Increase in facility expense transaction volumes of 26.3%. Increased quarterly dividend to $0.31 per share. Repurchased 64,471 shares of Company stock. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported third quarter 2024 earnings of $0.21 per diluted share, as compared to $0.54 in the third quarter of 2023 and $0.32 in the second quarter of 2024. Net income for th
Second Quarter Results (All comparisons refer to the second quarter of 2023, except as noted) Net income of $4.5 million, or $0.32 per diluted common share. Return on average equity and assets of 8.01% and 0.78%, respectively. Increase in facility expense transaction volumes of 25.1%. Processing fee growth of 8.9%. Maintained exceptional credit quality, with no non-performing loans or charge-offs. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported second quarter 2024 earnings of $0.32 per diluted share, as compared to $0.52 in the second quarter of 2023 and $0.52 in the first quarter of 2024. Net income for the period was $4.5 million, as compar
First Quarter Results (All comparisons refer to the first quarter of 2023, except as noted) Net income of $7.2 million, or $0.52 per diluted common share. Return on average equity and assets of 12.66% and 1.20%, respectively. Increase in facility expense transaction volumes of 23.0%. Processing fee growth of 8.9%. Limited operating expense growth to 0.7% despite facility expense transaction volume increase. Maintained exceptional credit quality, with no non-performing loans or charge-offs. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported first quarter 2024 earnings of $0.52 per diluted share, as compared to $0.51 in the first quarter of 2023
Fourth Quarter Results (All comparisons refer to the fourth quarter of 2022, except as noted) Net income of $8.4 million, or $0.61 per diluted common share. Return on average equity of 16.06%. Increase in net interest margin to 3.30% from 3.15%. Increase in facility expense transaction volumes of 9.7% Maintained exceptional credit quality, with no non-performing loans or charge-offs. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported fourth quarter 2023 earnings of $0.61 per diluted share, as compared to $0.67 in the fourth quarter of 2022 and $0.54 in the third quarter of 2023. Net income for the period was $8.4 million, a decrease of 9.4%
Third Quarter Results (All comparisons refer to the third quarter of 2022, except as noted) Net income of $7.4 million, or $0.54 per diluted common share. Increase in total revenues of $2.0 million, or 4.3%. Return on average equity of 13.80%. Increase in net interest margin to 3.24% from 2.90%. Maintained exceptional credit quality, with no non-performing loans or charge-offs. Continued to make progress on technology initiatives to increase operational efficiency. Signed several new large facility clients. Repurchased 73,272 shares of Company stock. Increased quarterly dividend to $0.30 per share. Authorized the repurchase of up to 500,000 shares of common s
Second Quarter Results (All comparisons refer to the second quarter of 2022, except as noted) Net income of $7.1 million, or $0.52 per diluted common share. Increase in total revenues of $4.0 million, or 9.0%. Return on average equity of 13.37%. Increase in net interest margin to 3.25% from 2.54%. Increase in facility expense transaction volume of 8.8%. Maintained exceptional credit quality. Continued to make progress on technology initiatives to increase operational efficiency. Repurchased 63,305 shares of Company stock. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported second quarter 2023 earnings of $0.52 per diluted share, as compa
Cass Information Systems, Inc. (NASDAQ:CASS), the leading provider of transportation, energy, telecom and waste invoice payment and information services, reported fourth quarter 2021 earnings of $.55 per diluted share, an increase of 25% from the $.44 per diluted share it earned in the fourth quarter of 2020. Net income for the period was $7.7 million, an increase of 20% from the $6.4 million earned in the same period in 2020. The following table contains key figures for the fourth quarter and year-to-date 2021 and 2020: (Numbers in thousands except EPS and ROE) 4th Quarter % Change YTD % Change 2021 2020 2021 2020 Transportation Invoice Volume