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Cass Information Systems Inc - CASS STOCK NEWS

Welcome to our dedicated news page for Cass Information Systems (Ticker: CASS), a resource for investors and traders seeking the latest updates and insights on Cass Information Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cass Information Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cass Information Systems's position in the market.

News
Cass Information Systems Reports First Quarter 2024 Results
Rhea-AI Summary
Cass Information Systems, Inc. (Nasdaq: CASS) reported first quarter 2024 earnings of $0.52 per diluted share, with net income of $7.2 million. The company maintained exceptional credit quality, with no non-performing loans or charge-offs. Despite a freight recession impacting revenue and profitability, Cass onboarded new facility clients successfully. Transportation dollar volumes decreased, but processing fees and facility expense dollar volumes increased. The company saw growth in loans, but a decrease in average deposits and accounts payable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
earnings
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News
Upgrade Your Equipment, Elevate Your Business: Cass Commercial Bank Launches New Equipment Finance Division
Rhea-AI Summary
Cass Commercial Bank introduces Equipment Finance Division to provide tailored leasing solutions for businesses, offering cost-effective access to capital assets. President Dwight Erdbruegger emphasizes the flexibility and expertise of the new division, ensuring quick approvals and efficient solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
none
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News
Cass Information Systems Reports Fourth Quarter 2023 Results
Rhea-AI Summary
Cass Information Systems, Inc. (Nasdaq: CASS) reported a net income of $8.4 million, or $0.61 per diluted common share, for the fourth quarter of 2023. The return on average equity was 16.06%, and there was an increase in net interest margin to 3.30% from 3.15%. The company maintained exceptional credit quality with no non-performing loans or charge-offs. Despite the decrease in transportation dollar volumes, there was a 9.7% increase in facility expense transaction volumes. The company also reported a decrease in net income compared to the same period in 2022, but an increase compared to the third quarter of 2023. Transportation dollar volumes and facility expense dollar volumes experienced fluctuations during the fourth quarter of 2023. Processing fees and financial fees increased, while net interest income decreased. The company also recorded a release of credit losses and an increase in personnel and non-personnel expenses. Despite these fluctuations, total shareholders' equity has increased since December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.12%
Tags
earnings
News
Cass Information Systems Awarded Status as FedEx Certified FBAP Provider
Rhea-AI Summary
Cass Information Systems, Inc. (Nasdaq: CASS) has been recognized as a 2024 FedEx Certified Freight Bill Audit and Pay (FBAP) Provider. The company processes $44 billion in transportation services, supporting global companies such as PepsiCo, BASF, Caterpillar, and Toyota. Cass enhances its clients' relationships with more than 14,000 carriers and processed over 167 million packages in 2022 through its advanced parcel spend management solution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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none
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News
Cass Information Systems Reports Third Quarter 2023 Results
Rhea-AI Summary
Cass Information Systems reports third-quarter 2023 earnings of $0.54 per diluted share, a decrease from the previous year. Net income for the period was $7.4 million, a decrease of 16.0% from the same period in 2022. The company's financial results have been impacted by a decrease in payment float and deposit balances. However, the company anticipates an improvement in profitability in future quarters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
earnings
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News
Cass Information Systems Reports Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
earnings
News
Cass Information Systems reports First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.86%
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none
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News
Cass Information Systems, Inc. Elects Martin Resch as President and Chief Executive Officer; Eric Brunngraber named Executive Chairman
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
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none
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News
Cass Information Systems Announces Record Annual and Quarterly Earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.51%
Tags
earnings
News
Cass Information Systems, Inc. Names Tony Urban as Executive Vice President and Transportation Information Services Business President.
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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Stock CASS logo
Cass Information Systems Inc

Nasdaq:CASS

CASS Rankings

#2811 Ranked by Market Cap
#2910 Ranked by Stock Gains
#1184 Ranked by Dividends

CASS Stock Data

619.42M
12.21M
10.56%
60.22%
1.38%
Data Processing, Hosting, and Related Services
Information
Link
US
St Louis

About CASS

cass information systems is a leading provider of integrated information and payment management solutions, disbursing $38 billion annually on behalf of clients throughout north america and europe. cass provides customized solutions for freight payment, telecom expense management, and utility/facilities-related expense management, and is also a behind-the-scenes provider for other companies’ branded b2b payment processing and commerce solutions. the support of cass commercial bank, founded in 1906, makes cass information systems unique in the industry. cass (nasdaq: cass) is part of the russell 2000® index.