{"schema_version":"secwatch.filing_event.v1","accession":"0000708781-25-000002","form_type":"8-K","ticker":"CASS","cik":"0000708781","company_name":"CASS INFORMATION SYSTEMS INC","filed_at":"2025-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.107936+00:00","generated_at":"2026-05-27T17:12:16.566501+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cass Q4 EPS $0.33 (-46% YoY); pension termination $3.5M; buys AcuAudit; declares $0.31 dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000708781-25-000002","json":"https://secwatch.observer/filing/0000708781-25-000002.json","markdown":"https://secwatch.observer/filing/0000708781-25-000002.md","text":"https://secwatch.observer/filing/0000708781-25-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/708781/000070878125000002/0000708781-25-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/708781/000070878125000002/cass-20250123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T17:12:16.566501+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"}