Second Quarter Results
(All comparisons refer to the second quarter of 2023, except as noted)
- Net income of $4.5 million, or $0.32 per diluted common share.
- Return on average equity and assets of 8.01% and 0.78%, respectively.
- Increase in facility expense transaction volumes of 25.1%.
- Processing fee growth of 8.9%.
- Maintained exceptional credit quality, with no non-performing loans or charge-offs.
ST. LOUIS--(BUSINESS WIRE)--Jul. 18, 2024 - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported second quarter 2024 earnings of $0.32 per diluted share, as compared to $0.52 in the second quarter of 2023 and $0.52 in the first quarter of 2024. Net income for the period was $4.5 million, as compared to $7.1 million in the second quarter of 2023 and $7.2 million in the first quarter of 2024.
