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Cass Information Systems
Cass Information Systems (CASS) investor relations material
Cass Information Systems Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary22 Jan, 2026
Executive summary
Achieved record net income of $35.1M and diluted EPS of $2.61 for 2025, with Q4 net income of $8.2M and adjusted EPS of $0.68, up 38.8% year-over-year.
Return on average equity reached 14.98% and return on average assets was 1.43% for 2025.
Consolidated Waste and Utility divisions into a single Facility division to enhance efficiency and client experience, incurring a $1.1M restructuring charge and expecting $1.0M in annual efficiencies.
Completed the sale of the Telecom Expense Management (TEM) business in Q2 2025, with all financials now reported on a continuing operations basis.
Financial highlights
Net interest income increased by $13.5M (19.8%) year-over-year; net interest margin improved to 3.93% in Q4 2025 from 3.55% in Q4 2024.
Facility dollar volumes rose 14.7% for the year and 13.0% in Q4; average accounts and drafts payable increased 14.9% year-over-year.
Adjusted Q4 net income from continuing operations was $9.0M, up 32.9% year-over-year; adjusted diluted EPS was $0.68, up 38.8%.
Salaries and commissions growth limited to 0.4% for the year due to a 5.4% decline in average FTEs.
Processing fees grew 3.9% in Q4, aided by the AcuAudit acquisition.
Outlook and guidance
Management anticipates revenue tailwinds in 2026 from onboarding new clients, interest-earning asset growth, and further net interest margin expansion.
Net interest margin expected to benefit as fixed-rate assets reprice in a higher interest rate environment.
Focus on growing payment float and processing fees, especially in Facility segment.
Continued investment in AI/ML and operational efficiency, including consolidation of non-transportation invoice processing.
Expectation of gradual FTE decline and effective tax rate of approximately 20.5% in future quarters.
Expected annual efficiency from Facilities consolidation
What drives expected future NIM expansion?
Amplify solution's role in financial fee growth
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Next Cass Information Systems earnings date
Q1 202623 Apr, 2026
Cass Information Systems
Next Cass Information Systems earnings date
Q1 202623 Apr, 2026
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Frequently asked questions
Cass Information Systems Inc.is a provider of payment and information processing services. The company caters to manufacturing, distribution, and retail enterprises in the United States, operating through two main segments: Information Services and Banking Services. Cass Information Systems offers a range of services including freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. Additionally, it processes and pays for facility-related invoices like electricity, gas, waste, and telecommunications expenses, and offers telecom expense management solutions. Through its banking subsidiary, Cass Commercial Bank, the company provides various banking products and services, including demand, savings, time, and money market deposits; commercial, industrial, real estate, and construction loans; and cash management services to privately held businesses, restaurant franchises, and faith-related ministries. It also offers a B2B payment platform for clients requiring an agile fintech partner. Cass Information Systems is headquartered in St. Louis, Missouri, and its shares are listed on the Nasdaq.
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