CASS INFORMATION SYSTEMS INC SEC 10-Q Report

CASS Information Systems Inc., a leading provider of transportation, energy, telecommunication, and environmental invoice processing and payment services, has released its Form 10-Q report for the second quarter of 2025. The report highlights the company's financial performance and operational activities, showcasing both achievements and challenges faced during the period.

Financial Highlights

Total Fee Revenue and Other Income: $52.99 million, reflecting a decrease of 7.3% compared to the same period last year due to a loss on the sale of investment securities.

Net Interest Income: $38.75 million, an increase of 19.6% from the first half of 2024, driven by an improved net interest margin and an increase in average interest-earning assets.

Total Net Revenue: $90.80 million, up 1.9% from the first half of 2024, primarily due to increased net interest income.

Operating Expense: $73.65 million, a decrease of 1.3% from the first half of 2024, primarily driven by a bad debt recovery related to a litigation settlement.

Net Income from Continuing Operations: $13.71 million, an increase of 20.6% from the first half of 2024, reflecting improved operational efficiency.

Net Income: $17.82 million, an increase of 53.2% from the first half of 2024, including income from discontinued operations.

Diluted EPS: $1.31, an increase of 56.0% from the first half of 2024, reflecting strong earnings growth.

Business Highlights

Revenue Segments: The Information Services segment, which includes transportation, energy, telecommunication, and environmental invoice processing and payment services, generated $27.3 million in fee revenue and other income for the second quarter of 2025. The Banking Services segment contributed $695,000 in fee revenue and other income.

Sales Units: Transportation invoice volume for the second quarter of 2025 was 8,837, slightly down by 0.5% compared to the same period in 2024. Facility-related transaction volume was 4,141, a decrease of 1.3% from the previous year.

Future Outlook: The company anticipates potential impacts from the One Big Beautiful Bill Act, which could affect income tax expenses in future periods. Additionally, the company expects to benefit from a higher interest rate environment due to a large percentage of its funding sources being non-interest bearing.

SEC Filing: CASS INFORMATION SYSTEMS INC [ CASS ] - 10-Q - Aug. 05, 2025