Every 10-Q that Cass Info Sys (CASS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CASS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CASS filings page.
Cass Information Systems, Inc. reported higher profitability for the quarter and six months ended June 30, 2026. Total net revenue rose 12.5% in the second quarter to $49.943 million and 9.1% in the first half to $99.044 million, driven by stronger net interest income and financial fees, partly offset by lower processing fees.
Net income from continuing operations increased to $10.575 million in the quarter and $19.314 million year-to-date, with diluted EPS from continuing operations of $0.81 and $1.47. Return on average assets was 1.67% in the quarter and 1.54% year-to-date; return on average equity was 17.72% and 16.17%.
Loans grew 3.9% since year-end while total assets decreased 3.4% as cash and investment securities declined. Deposits and accounts and drafts payable fell, and the company added $80.0 million of short-term borrowings. Credit quality remained solid: nonperforming loans fell to $1.6 million, the allowance for credit losses was $14.374 million, or 1.30% of loans, and there were no loan charge-offs. Shareholders’ equity increased to $244.664 million after $8.224 million of dividends and $5.995 million of share repurchases.
Cass Information Systems, Inc. reported first-quarter 2026 net revenue of $49.1 million, up 5.8% from a year earlier, driven by higher net interest income and financial fees, partly offset by lower processing fees. Net income was $8.8 million, down 1.5% as discontinued operations contributed less.
Net income from continuing operations rose 2.2% to $8.7 million, and diluted EPS increased to $0.67 from $0.66. The tax‑equivalent net interest margin improved to 3.95%, with average earning assets up 5.2%. Processing fees fell 4.5%, while financial fees grew 4.7%.
Total assets were $2.53 billion, with loans up 2.6% to $1.09 billion and investment securities at $785.3 million. Deposits declined 7.9% to $1.11 billion, and accounts and drafts payable decreased 11.1% to $1.00 billion, partly offset by $145.0 million of short‑term borrowings. Nonperforming loans fell to $3.1 million, and the allowance for credit losses was $13.9 million, or 1.27% of loans.
Cass Information Systems (CASS) reported stronger Q3 2025 results. Total net revenue was $50.1 million, up 7.6% year over year, driven by higher net interest income. Net income rose to $9.1 million from $2.9 million, and diluted EPS increased to $0.68 from $0.21.
Net interest income grew 19.3% to $21.0 million as net interest margin improved to 3.87% from 3.55%, reflecting higher average earning assets and lower funding costs. Processing fees were $16.7 million (down 0.2%) and financial fees were $10.4 million (down 5.5%). Operating expense fell 10.1%, largely due to a $6.6 million bad debt expense in the prior year quarter.
Year-to-date, the company recorded a $3.6 million loss on securities sales in June and recognized a $2.0 million bad debt recovery tied to a settlement. The TEM business sale closed at $18.0 million, with Q3 discontinued operations at a $0.1 million loss and $4.0 million income year-to-date. At September 30, 2025, assets were $2.45 billion, deposits $1.03 billion, and loans $1.09 billion with an allowance for credit losses of $14.1 million and nonaccrual loans of $7.1 million. The company repurchased 159,587 shares in Q3; 340,413 shares remained under the authorization.
Q2-25 highlights: Net interest income rose 22% YoY to $19.5 million, offsetting a $3.6 million security-sale loss and flat fee revenue. Total net revenue increased 1% to $44.4 million while operating expense dipped 0.8%, lifting continuing-ops profit 20% to $5.2 million ($0.38 diluted EPS). A $3.6 million gain on the sale of the Telecom Expense Management (TEM) unit boosted consolidated net income to $8.9 million, doubling diluted EPS to $0.66.
Balance-sheet trends: Loans expanded 3% YTD to $1.12 billion; deposits grew 4% to $1.00 billion as non-interest balances jumped 48%. Net interest margin widened 46 bp to 3.78%. Cash fell $132 million to $218 million after security sales, loan growth and $11 million of share buybacks. Allowance for credit losses rose to $14.3 million (1.28% of loans) with two newly non-accrual CRE loans totaling $3.4 million. Available-for-sale securities carry $45.4 million of unrealized losses even after the portfolio reshuffle.
Capital returns & outlook: Board replaced the 2023 buyback with a fresh 500 k-share authorization; 256 k shares were repurchased in 1H-25. Quarterly dividend was raised to $0.31. Management expects higher rates to keep supporting margin but notes soft freight volumes and ongoing CRE credit monitoring. Key watch items include further portfolio repositioning, non-accrual migration and tax-law changes enacted 4 July 2025.