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Stock impact report

Cass Information Systems Reports Fourth Quarter 2023 Results

Cass Information Systems, Inc (CASS) 
US:NASDAQ Investor Relations: ir.cassinfo.com
Company Research Source: Business Wire
Fourth Quarter Results(All comparisons refer to the fourth quarter of 2022, except as noted)Net income of $8.4 million, or $0.61 per diluted common share.Return on average equity of 16.06%.Increase in net interest margin to 3.30% from 3.15%.Increase in facility expense transaction volumes of 9.7%Maintained exceptional credit quality, with no non-performing loans or charge-offs.  ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported fourth quarter 2023 earnings of $0.61 per diluted share, as compared to $0.67 in the fourth quarter of 2022 and $0.54 in the third quarter of 2023. Net income for the period was $8.4 million, a decrease of 9.4% from $9.3 million in the same period in 2022 and an increase of $1.0 million, or 13.8%, as compared to the third quarter of 2023. For the year ended December 31, 2023, the Company reported net income and earnings per diluted share of $30.1 million and $2.18, respectively, as compared to $34.9 mil Show less Read more
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