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Stock impact report

Cass Information Systems Reports First Quarter 2024 Results [Yahoo! Finance]

Cass Information Systems, Inc (CASS) 
US:NASDAQ Investor Relations: ir.cassinfo.com
Company Research Source: Yahoo! Finance
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, April 18, 2024 BUSINESS WIRE 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. Martin Resch, the Company's President and Chief Executive Officer, noted, "We successfully onboarded a significant number of new facility clients during the first quarter which we could not Show less Read more
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