Cass Information Systems reports Second Quarter 2024 Results [Yahoo! Finance]
Cass Information Systems, Inc (CASS)
US:NASDAQ Investor Relations:
ir.cassinfo.com
Company Research
Source: Yahoo! Finance
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. ST. LOUIS, July 18, 2024 BUSINESS WIRE 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 compared to $7.1 million in the second quarter of 2023 and $7.2 million in the first quarter of 2024. Martin Resch, the Company's President and Chief Executive Officer, noted, "The first half of 2024 has been both exciting and disappointing. We successfully onboarded several large facility clients, increasing year over year facilities transactions by 25.1%, with a full queue of additional signed deals still to implement. In Transp
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CASS
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- Cass Information Systems, Inc. (NASDAQ: CASS) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $44.00 price target on the stock, down previously from $47.00.MarketBeat
CASS
Earnings
- 7/18/24 - Miss
CASS
Sec Filings
- 9/23/24 - Form 4
- 9/23/24 - Form 4
- 9/23/24 - Form 4
- CASS's page on the SEC website