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Cass Information Systems Inc (CASS) Reports Mixed Q4 Results Amid Freight Recession [Yahoo! Finance]

Cass Information Systems, Inc (CASS) 
US:NASDAQ Investor Relations: ir.cassinfo.com
Company Research Source: Yahoo! Finance
Net Interest Margin : Increased to 3.30% from 3.15% in Q4 2022. Facility Expense Transaction Volumes : Grew by 9.7%. Transportation Dollar Volumes : Declined by 17.3% from Q4 2022. Deposits : Average deposits decreased by 10.7% compared to Q4 2022. Warning! GuruFocus has detected 1 Warning Sign with CASS. On January 25, 2024, Cass Information Systems Inc ( NASDAQ:CASS ) released its 8-K filing , detailing the financial results for the fourth quarter of 2023. The company, a provider of payment and information processing services, reported a net income of $8.4 million, or $0.61 per diluted share, marking a decrease from the $9.3 million, or $0.67 per diluted share, reported in the same period last year. Despite the year-over-year decline, net income showed an improvement from the third quarter of 2023, rising by 13.8%. Performance Amid Economic Headwinds Cass Information Systems Inc ( NASDAQ:CASS ) faced a challenging economic environment, particularly due to the ongoing Show less Read more
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