First Quarter Financial Highlights
- Net income and diluted earnings per share of $8.8 million and $0.67, respectively.
- Adjusted net income and adjusted diluted earnings per share from continuing operations of $8.7 million and $0.66, respectively, increases of 23.7% and 26.9%, respectively, compared to the prior year quarter.
- Increase in net interest margin to 3.95%, compared to 3.75% in the prior year quarter.
- Increase in facility dollar volumes of 7.4% compared to the prior year quarter.
- Personnel expense levels flat compared to the prior year quarter as a result of ongoing automation and efficiency initiatives.
- Continued strong asset quality with no loan charge-offs and an allowance for credit losses to loans ratio of 1.27%. In addition, reduced non-performing loans by $3.9 million, or 55.1% as compared to December 31, 2025.
- Repurchased 64,802 shares of Company stock at a weighted average price of $44.34.
ST. LOUIS, April 23, 2026 (GLOBE NEWSWIRE) - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) today reported its first quarter 2026 earnings. Martin Resch, the Company’s President and Chief Executive Officer, noted, “The management team is proud of how we have started the year. We continue to drive revenue growth while keeping core expenses relatively flat compared to prior periods.” Resch added, “Going forward in 2026, we see opportunities to grow net interest income driven by rising funding balances and the deployment of those funds into loans and investment securities, as well as increasing financial fees from higher demand for advances through Amplify and other quick pay solutions. The ability to combine revenue growth with expense control, primarily due to automation and the ongoing consolidation within our Facilities division, offers very compelling earnings momentum for us in coming periods."
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