Second Quarter Financial Highlights
- Record net income and diluted earnings per share of $10.6 million and $0.81, respectively.
- Adjusted net income and adjusted diluted earnings per share from continuing operations (non-GAAP) of $9.2 million and $0.71, respectively, increases of 18.1% and 22.4%, respectively, compared to the second quarter of 2025.
- Increase in net interest margin to 4.00% compared to 3.78% in the second quarter of 2025.
- Increase in transportation dollar volumes of 7.4% compared to the second quarter of 2025.
- Decrease in personnel expenses of 2.4% compared to the second quarter of 2025.
- Continued strong asset quality with no loan charge-offs and an allowance for credit losses to loans ratio of 1.30%. In addition, reduced non-performing loans by $5.3 million, or 76.4%, as compared to December 31, 2025.
- Received a bad debt recovery of $1.8 million.
- Repurchased 65,557 shares of Company stock at a weighted average price of $46.23.
ST. LOUIS, July 23, 2026 (GLOBE NEWSWIRE) - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) today reported its second quarter 2026 earnings. Martin Resch, the Company’s President and Chief Executive Officer, noted, “Our record quarterly earnings reflect continued successful execution against our financial objectives.” Resch added, “The current market conditions, including higher freight rates and a sustained higher interest rate environment, present meaningful support to our earnings outlook. These tailwinds, combined with new business wins and expense discipline, should position Cass well for continued core earnings growth in coming quarters."
