earnings
confidence high
sentiment positive
materiality 0.85
Cass Q2 EPS $0.62, net income +21.9% YoY to $8.6M; record transportation volumes
CASS INFORMATION SYSTEMS INC
2022-Q2 EPS reported
$1.22
revenue$86,325,000
- Diluted EPS $0.62 up 29.2% YoY; net income $8.6M up 21.9%.
- Financial fees +41.6% ($3.1M increase); net interest income +26.2% ($2.8M increase).
- Transportation dollar volumes record $11.4B (+27.7%); facility volumes $4.6B (+24.9%).
- Avg. payments-in-advance +48.2% ($95.3M); avg. loans ex-PPP +21.8% ($174.4M).
- Provision for credit losses $70K vs release $610K last year; no charge-offs or NPLs.