Cass Reports Second Quarter 2025 Results

Second Quarter Financial Highlights 

(All comparisons refer to the second quarter of 2024, except as noted)

• Net income of $8.9 million, or $0.66 per diluted common share.
• Return on average equity and assets of 15.35% and 1.48%, respectively.
• Increase in net interest margin to 3.78% from 3.32%.
• Increase in net interest income of $3.5 million, or 22.3%.
• Closed on sale of the TEM business resulting in a gain on sale of $3.6 million, combined with a reduction of goodwill and other intangible assets of $5.1 million.
• Sold $34.0 million of corporate investment securities yielding 2.29% at a pretax loss of $3.6 million in an effort to reposition the investment portfolio and improve the net interest margin in future periods.
• Repurchased 140,269 shares of Company stock at weighted average price of $41.79.

ST. LOUIS--(BUSINESS WIRE)--Jul. 17, 2025 - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported its its second quarter 2025 earnings. In announcing these results, Martin Resch, the Company’s President and Chief Executive Officer, noted, “We continue to see year over year improvement in our quarterly results. The growth in interest-earning assets, combined with the continued improvement in net interest margin, is driving significant net interest income gains. This revenue improvement, combined with ongoing efficiency initiatives, led to the profitability growth reported.” Resch added, “The upward momentum in freight rates, the addition of enhanced freight product offerings and onboarding of new clients should provide support to fees. In addition, the successful closing of our TEM business sale will enable us to concentrate on our strengths in financial exchange and information processing and provide capital for other purposes.”

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