First Quarter Results
(All comparisons refer to the first quarter of 2023, except as noted)
- Net income of $7.2 million, or $0.52 per diluted common share.
- Return on average equity and assets of 12.66% and 1.20%, respectively.
- Increase in facility expense transaction volumes of 23.0%.
- Processing fee growth of 8.9%.
- Limited operating expense growth to 0.7% despite facility expense transaction volume increase.
- Maintained exceptional credit quality, with no non-performing loans or charge-offs.
ST. LOUIS - (BUSINESS WIRE) - Apr. 18, 2024 - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported first quarter 2024 earnings of $0.52 per diluted share, as compared to $0.51 in the first quarter of 2023 and $0.61 in the fourth quarter of 2023. Net income for the period was $7.2 million, an increase of 0.5% from $7.1 million in the same period in 2023 and a decrease of $1.3 million, or 15.0%, as compared to the fourth quarter of 2023.
