Cass Info Sys Stock Price, News & Analysis

Cass Information Systems (NASDAQ: CASS) reported strong Q1 2025 results with earnings of $0.66 per diluted share, up from $0.52 in Q1 2024. Net income reached $9.0 million, marking a 25.4% increase year-over-year.

Key highlights include an improved net interest margin of 3.75%, a 17% increase in net interest income, and maintained exceptional credit quality with no non-performing loans. The company announced the sale of its Telecom Expense Management (TEM) business to Asignet USA Inc.

Transportation invoice volumes declined 4.7% to 8.36 million, while facility expense invoice volumes increased 2.7% to 4.2 million. The company repurchased 116,109 shares at an average price of $42.86 and received $2.0 million from a litigation settlement.

Cass Information Systems (Nasdaq: CASS) has announced the sale of its Telecom Expense Management & Managed Mobility Services (TEM) business to Asignet USA Inc. The transaction, expected to close in Q2 2025, aligns with Cass's strategy to concentrate investments on financial exchange and information processing capabilities.

Martin Resch, President and CEO of Cass, emphasized that the sale would create value for customers, citing Asignet's significant investment in products and services in the TEM space. The deal includes the transfer of Cass TEM employees to Asignet. BellMark Partners served as advisors to Cass in this transaction.

Cass Information Systems (NASDAQ: CASS) CEO Martin Resch and Creighton University's Dean Anthony R. Hendrickson appeared on Today's Marketplace to discuss invoice fraud and payment security issues. The interview highlighted that approximately 80% of businesses face significant invoice fraud affecting their bottom line.

Resch explained how Cass, operating as a bank, processes millions of 'non-PO' invoices globally, including utility bills and freight invoices, using AI-powered control structures to verify invoice legitimacy and accuracy. The company specializes in handling contract-based invoices that fall outside traditional purchase order systems.

Dean Hendrickson emphasized the evolving landscape of financial education, noting the importance of combining traditional financial skills with technical knowledge in areas like blockchain, AI, machine learning, and analytics through their FinTech major program to prepare students for modern financial roles.

Cass Information Systems (NASDAQ: CASS) reported Q4 2024 earnings of $0.33 per diluted share, down from $0.61 in Q4 2023. Net income was $4.6 million, a 45.4% decrease from $8.4 million in the same period last year. The company successfully terminated its defined benefit pension plan, resulting in a one-time expense of $3.5 million.

Key highlights include: net interest margin increase to 3.55% from 3.30%; facility expense transaction volumes up 20.3%; completion of AcuAudit acquisition; and maintained zero non-performing loans. Transportation dollar volumes were $9.0 billion, down 0.6% YoY, while facility expense dollar volumes reached $5.3 billion, up 9.1% YoY.

For full-year 2024, net income was $19.2 million ($1.39 per diluted share) compared to $30.1 million ($2.18 per diluted share) in 2023. The company repurchased 79,713 shares at an average price of $44.02.

Cass Information Systems (Nasdaq: CASS) has acquired AcuAudit, a freight audit platform for ocean and international air freight, from Acuitive Solutions AcuAudit is known for its advanced audit and accounting automation capabilities, particularly valued for enabling quick and accurate product-level landed cost analysis.

The acquisition strengthens Cass's position as the sole global provider for large shippers with complex transportation operations across all modes. Tony Urban, president of Cass's freight audit and payment group, emphasized that this addition completes their best-in-class solution portfolio for every mode with full global coverage.

Phil Marlowe, Acuitive's president and co-founder, will continue supporting Cass with strategy and industry expertise while retaining leadership of Acuitive Solutions' other operations in expedited shipment routing and multi-carrier parcel manifesting solutions for retail and high fashion industries.

Cass Information Systems (Nasdaq: CASS) has partnered with Lupeon, Brazil's leading freight audit provider, to enhance its global freight audit and payment solutions. The partnership addresses Brazil's unique regulatory requirements for freight charges, which include federal, regional, and city taxes, tolls, and insurance.

The collaboration enables Cass's multinational clients to maintain a single platform for global freight spend visibility, with local support and carrier onboarding handled by Lupeon while maintaining seamless reporting through Cass. This strategic move follows Cass's recent launches of Amplify by Cass™ and a SONAR integration partnership.

Cass Information Systems reported third quarter 2024 earnings of $0.21 per diluted share, down from $0.54 in Q3 2023. Net income was $2.9 million, compared to $7.4 million in Q3 2023. Results were impacted by $6.6 million of bad debt expense on a facility client's funding receivable. Despite this, the company saw positive trends:

- Net interest margin increased to 3.55% from 3.24% in Q3 2023
- Facility expense transaction volumes up 26.3% year-over-year
- Transportation transaction volumes up 2.6% year-over-year
- Quarterly dividend increased to $0.31 per share
- 64,471 shares of company stock repurchased

The company maintained its employee count while processing higher volumes, demonstrating improved efficiency. Cass also received a Multiple Award Schedule contract for Freight Audit and Payment with the General Services Administration, opening new opportunities in Transportation.

Cass Information Systems, Inc. (Nasdaq: CASS) has been awarded a Multiple Award Schedule contract by the General Services Administration (GSA). This pre-approval allows U.S. government and federal agencies to easily contract Cass for freight audit and payment services across all transportation modes.

As a leading global payment solutions provider, Cass processed $90 billion in payables in 2023, including $38 billion in transportation payables. Mark Campbell, president of Cass Government Payables, highlighted the benefits for agencies adopting this solution, including enhanced financial control, complete spend visibility, and an optimized, automated process from invoice receipt to payment and reporting.

The contract also offers improved cash flow for both agencies and their transportation service providers. For more information, interested parties can visit the Cass Government Payables website.

Cass Information Systems (Nasdaq: CASS) reported Q2 2024 earnings of $0.32 per diluted share, down from $0.52 in Q2 2023. Net income was $4.5 million, compared to $7.1 million in Q2 2023. Key highlights:

• Facility expense transaction volumes increased 25.1%
• Processing fee growth of 8.9%
• Transportation dollar volumes decreased 6.5% to $9.1 billion
• Net interest income decreased 0.5%
• Provision for credit losses of $400,000

The company faced challenges including the loss of over $100 million in non-interest bearing funding due to a client's cyber event and $3.4 million in one-time expenses. However, Cass successfully onboarded new facility clients and launched new initiatives in transportation and waste management.