Cass Information Systems Reports Third Quarter 2024 Results
Cass Information Systems, Inc (CASS)
US:NASDAQ Investor Relations:
ir.cassinfo.com
Company Research
Source: Business Wire
Third Quarter Results(All comparisons refer to the third quarter of 2023, except as noted)Net income of $2.9 million, or $0.21 per diluted common share (includes $6.6 million of bad debt expense on a funding receivable related to a facility client).Increase in net interest margin to 3.55%.Increase in facility expense transaction volumes of 26.3%.Increased quarterly dividend to $0.31 per share.Repurchased 64,471 shares of Company stock. ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported third quarter 2024 earnings of $0.21 per diluted share, as compared to $0.54 in the third quarter of 2023 and $0.32 in the second quarter of 2024. Net income for the period was $2.9 million, as compared to $7.4 million in the third quarter of 2023 and $4.5 million in the second quarter of 2024. Net income and earnings per diluted share were negatively impacted by $6.6 million of bad debt expense taken on a funding receivable related to a facility
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CASS
News
- SONAR expands LTL and intermodal data offering [Yahoo! Finance]Yahoo! Finance
- Cass Information Systems Forms Strategic Partnership with Brazilian Firm Lupeon to Drive Global Growth [Yahoo! Finance]Yahoo! Finance
- Cass Information Systems Forms Strategic Partnership with Brazilian Firm Lupeon to Drive Global GrowthBusiness Wire
- Cass Information Systems, Inc. (NASDAQ: CASS) had its price target raised by analysts at Piper Sandler from $44.00 to $45.00. They now have an "overweight" rating on the stock.MarketBeat
- Cass Information Systems GAAP EPS of $0.21, revenue of $31.23M [Seeking Alpha]Seeking Alpha
CASS
Earnings
- 10/17/24 - Miss
CASS
Sec Filings
- 11/7/24 - Form 10-Q
- 10/22/24 - Form 4
- 10/17/24 - Form 8-K
- CASS's page on the SEC website