Cass Information Systems (CASS) investor relations material

Executive summary

• Q3 net income from continuing operations was $10.568M, up 16.1% YoY; diluted EPS was $0.81, up 19.1%.

• Total revenue rose 5.3% YoY to $52.7M, supported by higher net interest income and financial fees.

• Higher payment volumes, CassPay wins and new Facilities clients support the outlook for revenue and profitability growth.

Financial highlights

• Net interest income increased $1.9M, or 8.9%, and financial fees rose $1.2M, or 11.8%, YoY.

• Operating expenses were $39.8M, up 3.5% YoY; personnel costs were flat as lower health costs offset higher commissions and profit sharing.

• Nine-month net income from continuing operations was $29.9M versus $22.9M; diluted EPS was $2.28 versus $1.69.

• Average deposits grew $79.2M, or 7.8%, YoY, including 29.2% growth in average CassPay deposits.

Outlook and guidance

• Loans are expected to be flat at Dec. 31, 2026 versus Sept. 30; 2027 and longer-term loan growth forecast is 6%–8%.

• Higher rates, freight rates and fuel surcharges, CassPay sales and Facilities onboarding are expected to support revenue and net interest income.

• Expense growth is expected to accelerate in Q4 2026 and 2027 due to CassPay onboarding, technology costs, compensation, profit sharing and benefits.

• Near-term investment in staff and AI-enabled systems may offset technology-driven efficiencies before future benefits materialize.