First Quarter Results
- Net income of $9.0 million, or $0.66 per diluted common share.
- Return on average equity and assets of 15.91% and 1.51%, respectively.
- Increase in net interest margin to 3.75% from 3.26%.
- Increase in net interest income of $2.8 million, or 17.0%.
- Announced signing of an Asset Purchase Agreement providing for the sale of the TEM business.
- Limited personnel expense growth to 1.4% despite AcuAudit acquisition and facility expense transaction volume increase.
- Maintained exceptional credit quality, with no non-performing loans or charge-offs.
- Received $2.0 million as partial consideration in a litigation settlement.
- Repurchased 116,109 shares of Company stock at weighted average price of $42.86.
ST. LOUIS--(BUSINESS WIRE)--Apr. 17, 2025 - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported first quarter 2025 earnings of $0.66 per diluted share, as compared to $0.52 in the first quarter of 2024 and $0.33 in the fourth quarter of 2024. Net income for the period was $9.0 million, an increase of 25.4% from $7.2 million in the same period in 2024 and an increase of $4.4 million, or 95.2%, as compared to the fourth quarter of 2024.
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