Cass Q4 EPS $0.61 down from $0.67 YoY; transportation dollar volumes fall 17.3%

CASS INFORMATION SYSTEMS INC

2023-FY EPS reported $2.18 revenue$197,511,000

Net income $8.4M ($0.61/diluted) vs $9.3M ($0.67) in Q4 2022; full-year EPS $2.18 vs $2.53.
Transportation dollar volumes fell 17.3% to $9.0B; facility transaction volumes rose 9.7%.
Net interest margin improved to 3.30% from 3.15%; net interest income decreased 1.7%.
Board declared Q1 dividend $0.30/share payable March 15, 2024 to holders of record March 5.
No non-performing loans or charge-offs; credit quality remains exceptional.

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 0.95

CASS INFORMATION SYSTEMS INC reported twelve months ended December 31, 2023 results: net income $30.1 million, EPS $2.18.

Period: twelve months ended December 31, 2023
Net income: $30.1 million
EPS: $2.18
Result: reported results

Exact text from the filing

For the year ended December 31, 2023, the Company reported net income and earnings per diluted share of $30.1 million and $2.18, respectively

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CASS INFORMATION SYSTEMS INC reported fourth quarter 2023 results: net income $8.4 million, EPS $0.61 per diluted share.

Period: fourth quarter 2023
Net income: $8.4 million
EPS: $0.61 per diluted share
Result: reported results

Exact text from the filing

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

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CASS INFORMATION SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000708781-24-000004

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