CASS INFORMATION SYSTEMS INC CASS
Cass Information Systems, Inc. ("Cass" or the "Company") provides payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. The Company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. Cass also processes and pays facility-related invoices, which include electricity and gas as well as waste and telecommunications expenses. Cass solutions include integrated payments, a B2B payment platform for clients that require an agile fintech partner. Additionally, the Company offers a church management software solution and an on-line platform to provide generosity services for faith-based and non-profit organizations. The Company's bank subsidiary, Cass Commercial Bank (the "Bank"), supports the Company's payment operations. The Bank also provides banking services to its target markets, which include privately held businesses in the St. Louis metropolitan area and restaurant franchises and faith-based ministries within the United States.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $108.0M | $109.9M | $106.1M | $121.7M | $108.7M | $98.9M | $109.3M | $148.3M | $135.3M | $125.5M |
| Total operating expenses | $152.0M | $157.7M | $142.5M | $139.6M | — | — | — | — | — | — |
| Interest expense | $81.2M | $67.8M | $66.5M | $3.5M | $1.2M | $2.4M | $5.2M | $3.7M | $2.2M | $2.0M |
| Pre-tax income | $38.8M | $23.4M | $34.5M | $42.9M | $33.8M | $30.3M | $37.5M | $36.3M | $34.9M | $32.1M |
| Income tax | $7.6M | $4.9M | $6.6M | $8.0M | $5.2M | $5.2M | $7.1M | $6.1M | $9.9M | $7.7M |
| Net income | $35.1M | $19.2M | $30.1M | $34.9M | $28.6M | $25.2M | $30.4M | $30.3M | $25.0M | $24.3M |
| EPS, basic | 2.66 | 1.42 | 2.22 | 2.58 | 2.03 | 1.75 | 2.11 | 2.06 | 1.70 | 1.65 |
| EPS, diluted | 2.61 | 1.39 | 2.18 | 2.53 | 2.00 | 1.73 | 2.07 | 2.03 | 1.68 | 1.63 |
| Shares, diluted (wtd. avg.) | $13.5M | $13.8M | $13.8M | $13.8M | $14.3M | $14.6M | $14.7M | $14.9M | $14.9M | $14.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $392.3M | $349.7M | $372.5M | $200.9M | $514.9M | $670.5M | $204.0M | $230.9M | $228.1M | $266.7M |
| Short-term investments | $366.1M | $330.4M | $351.6M | $179.9M | $502.6M | $639.5M | — | — | — | — |
| Property, plant and equipment | $29.4M | $30.6M | $30.1M | $20.0M | $18.1M | $18.1M | $20.5M | $22.0M | $21.6M | $21.1M |
| Goodwill | $16.2M | $16.3M | $12.3M | $17.3M | $14.3M | $14.3M | $14.3M | $12.6M | $12.6M | $11.6M |
| Other intangibles | $3.7M | $4.9M | $3.3M | $4.1M | $2.6M | $3.4M | $4.3M | $1.6M | $2.0M | $2.0M |
| Total assets | $2.61B | $2.40B | $2.48B | $2.57B | $2.55B | $2.20B | $1.76B | $1.70B | $1.60B | $1.50B |
| Short-term debt | — | — | — | — | — | — | $18.0M | — | — | — |
| Total liabilities | $2.36B | $2.17B | $2.25B | $2.37B | $2.31B | $1.94B | $1.52B | $1.47B | $1.43B | $1.30B |
| Retained earnings | $167.1M | $148.5M | $145.8M | $131.7M | $112.2M | $99.1M | $90.3M | $75.2M | $59.3M | $118.4M |
| Total equity | $243.0M | $229.0M | $229.8M | $206.3M | $245.8M | $261.2M | $244.2M | $229.8M | $225.1M | $208.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $37.4M | $38.9M | $36.9M | $51.6M | $34.5M | $47.8M | $42.1M | $48.3M | $38.9M | $35.2M |
| Depreciation and amortisation | $6.0M | $5.0M | $4.0M | $4.0M | $4.3M | $4.5M | $4.2M | $11.2M | $11.3M | $9.4M |
| Stock-based compensation | $4.2M | $3.1M | $4.0M | $6.7M | $2.9M | $2.3M | $3.1M | $3.0M | $2.3M | $2.0M |
| Capital expenditure | $5.7M | $8.5M | $11.9M | $5.9M | $4.4M | $2.0M | $2.7M | $4.4M | $4.1M | $4.7M |
| Investing cash flow | -$145.3M | $4.0M | $284.7M | -$306.4M | -$528.5M | -$43.9M | -$75.8M | -$46.8M | -$139.8M | -$41.6M |
| Financing cash flow | $150.4M | -$65.6M | -$150.1M | -$59.2M | $338.4M | $462.7M | $6.7M | $1.3M | $62.3M | $19.9M |
| Dividends paid | $16.5M | $16.5M | $16.0M | $15.4M | $15.4M | $15.6M | $15.2M | $13.2M | $10.7M | $10.0M |
| Buybacks | $26.0M | $7.2M | $5.8M | $5.3M | $31.0M | $6.8M | $7.8M | $8.8M | $2.3M | $9.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000708781-26-000010.
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