earnings
confidence high
sentiment positive
materiality 0.80
Cass Q1 EPS $0.66 beats $0.52 YoY; net income up 25%; sale of TEM business announced
CASS INFORMATION SYSTEMS INC
2025-Q1 EPS reported
$0.66
revenue$46,407,000
- Diluted EPS of $0.66 vs $0.52 in Q1 2024; net income $9.0M, up 25.4% YoY.
- Net interest income up 17% to $19.3M; net interest margin improved to 3.75% from 3.26%.
- Signed asset purchase agreement to sell TEM business to Asignet USA; discontinued ops accounting applied.
- Declared Q2 dividend $0.31/share, payable June 13 to holders of record June 3.
- Repurchased 116,109 shares at avg $42.86; received $2.0M partial litigation settlement.