---
schema_version: "secwatch.filing_event.v1"
accession: "0000708781-23-000037"
form_type: "8-K"
ticker: "CASS"
cik: "0000708781"
company_name: "CASS INFORMATION SYSTEMS INC"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:17:19.763529+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cass Q3 net income falls 16% to $7.4M; dividend raised, $0.30/share; new buyback authorization

## Summary
- Net income $7.4M ($0.54 diluted EPS), down 16% YoY from $0.64; total revenues up 4.3%.
- Net interest margin expanded to 3.24% from 2.90%; no non-performing loans or charge-offs.
- Transportation dollar volumes down 19.8% on lower freight rates; facility volumes down 7.1%.
- Quarterly dividend increased to $0.30/share (payable Dec 15, record Dec 5); board authorized repurchase of up to 500,000 shares.
- New large facility clients expected to boost volumes 30-40% over Q3 levels, fully onboarded by Q1 2024.

## SEC filing metadata
- accession: 0000708781-23-000037
- form_type: 8-K
- ticker: CASS
- cik: 0000708781
- company_name: CASS INFORMATION SYSTEMS INC
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708781/000070878123000037/0000708781-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708781/000070878123000037/cass-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708781-23-000037
- JSON: https://secwatch.observer/filing/0000708781-23-000037.json
- Plain text: https://secwatch.observer/filing/0000708781-23-000037.txt

## Key facts
- Earnings Releases
  CASS INFORMATION SYSTEMS INC reported third quarter of fiscal 2023 results: net income $7.4 million, EPS $0.54 per diluted common share.
  - Period: third quarter of fiscal 2023
  - Net income: $7.4 million
  - EPS: $0.54 per diluted common share
  - Result: reported results
  source text: Cass Information Systems Reports Third Quarter 2023 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/708781/000070878123000037/0000708781-23-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.