Cass Q2 EPS $0.52 vs $0.62 YoY; net income down 16.6%; dividend declared $0.29

CASS INFORMATION SYSTEMS INC

2023-Q2 EPS reported $1.03 revenue$97,552,000

Net income $7.1M ($0.52 diluted EPS) vs $8.6M ($0.62) in Q2 2022, a 16.6% decline.
Total revenues increased $4.0M (9.0%) YoY; net interest margin expanded to 3.25% from 2.54%.
Transportation dollar volumes fell 14.9% YoY to $9.7B due to lower freight rates and fuel costs.
Personnel expenses rose 13.1% and non-personnel expenses up 30.3% due to tech investments.
Board declared $0.29/share dividend payable Sept 15, 2023 to holders of record Sept 5, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CASS INFORMATION SYSTEMS INC reported financial results for second quarter of fiscal 2023.

Period: second quarter of fiscal 2023
Result: reported results

Exact text from the filing

On July 20, 2023, Cass Information Systems, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter of fiscal 2023.

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CASS INFORMATION SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000708781-23-000021

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