---
title: Cass Information Systems Reports Second Quarter 2023 Results
description: Cass Information Systems reports Second Quarter 2023 Results
---

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# [Cass Information Systems Reports Second Quarter 2023 Results](https://www.cassinfo.com/news/2nd-quarter-2023-earnings-cass-information-systems)

 Written by [Cass Information Systems, Inc.](https://www.cassinfo.com/news/author/cass-information-systems-inc) | Jul 20, 2023, 8:41:38 PM

## **Second Quarter Results** (All comparisons refer to the second quarter of 2022, except as noted)

- Net income of $7.1 million, or $0.52 per diluted common share.
- Increase in total revenues of $4.0 million, or 9.0%.
- Return on average equity of 13.37%.
- Increase in net interest margin to 3.25% from 2.54%.
- Increase in facility expense transaction volume of 8.8%.
- Maintained exceptional credit quality.
- Continued to make progress on technology initiatives to increase operational efficiency.
- Repurchased 63,305 shares of Company stock.

 

ST. LOUIS - (BUSINESS WIRE) - Jul. 20, 2023-- **Cass Information Systems, Inc. (Nasdaq: CASS), **(the Company or Cass)** **reported second quarter 2023 earnings of $0.52 per diluted share, as compared to $0.62 in the second quarter of 2022 and $0.51 in the first quarter of 2023. Net income for the period was $7.1 million, a decrease of 16.6% from $8.6 million in the same period in 2022 and a slight increase of $21,000 as compared to the first quarter of 2023.

[Read the full release](https://cassinfo.gcs-web.com/news-releases/news-release-details/cass-information-systems-reports-second-quarter-2023-results) 

[View full post](https://www.cassinfo.com/news/2nd-quarter-2023-earnings-cass-information-systems)

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