earnings
confidence high
sentiment negative
materiality 0.80
Cass Q4 EPS $0.33 (-46% YoY); pension termination $3.5M; buys AcuAudit; declares $0.31 dividend
CASS INFORMATION SYSTEMS INC
2024-FY EPS reported
$1.39
revenue$199,189,000
- Q4 net income $4.6M ($0.33 diluted EPS) down 45.4% from $8.4M ($0.61) in Q4 2023.
- Incurred $3.5M one-time pension termination expense; expects ~$1M annual operating cost reduction.
- Acquired AcuAudit for $3M base plus earnout; current ARR ~$2.5M; expected EBITDA neutral in 2025.
- Board declared $0.31 per share dividend, payable March 14, 2025 to holders of record March 4, 2025.
- Net interest margin expanded to 3.55% from 3.30%; facility transaction volumes up 20.3% YoY.