{"schema_version":"secwatch.filing_event.v1","accession":"0000708781-24-000072","form_type":"8-K","ticker":"CASS","cik":"0000708781","company_name":"CASS INFORMATION SYSTEMS INC","filed_at":"2024-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.655697+00:00","generated_at":"2026-05-31T19:57:26.604426+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cass Q2 EPS $0.32 vs $0.52 YoY; net income $4.5M; client cyber event, $3.4M one-time expenses","bullets":["Net income $4.5M ($0.32 EPS) vs $7.1M ($0.52) in Q2 2023; revenue impacted by drop in transportation volumes and loss of $100M client funding.","Facility transaction volumes grew 25.1% YoY; transportation dollar volumes fell 6.5% due to freight recession.","One-time expenses of $3.4M: $2.1M reserves on receivables and $1.3M late fees from check processing delay tied to client cyber event; permanent loss of ~$100M non-interest bearing funding.","Board declared Q3 dividend $0.30/share, payable Sept 13, 2024 to holders of record Sept 3, 2024.","Pension plan termination approved; expects ~$5.0M one-time expense in Q4 2024/Q1 2025, annual savings ~$1.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0000708781-24-000072","json":"https://secwatch.observer/filing/0000708781-24-000072.json","markdown":"https://secwatch.observer/filing/0000708781-24-000072.md","text":"https://secwatch.observer/filing/0000708781-24-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/708781/000070878124000072/0000708781-24-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/708781/000070878124000072/cass-20240718.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:57:26.604426+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}