Cass Q2 net income nearly doubles to $8.9M; declares $0.31 dividend, authorizes 500K share buyback

CASS INFORMATION SYSTEMS INC

2025-Q2 EPS reported $1.31 revenue$90,804,000

Net income $8.855M ($0.66 diluted EPS), up from $4.484M ($0.32) YoY; net interest margin improved to 3.78% from 3.32%.
Sold TEM business to Asignet USA for $18M, closed June 30; recognized $3.6M gain; ongoing earnings expected neutral.
Sold $34M low-yield corporate securities at $3.6M pretax loss to reposition portfolio for higher yields.
Board declared Q3 dividend $0.31/share payable Sept 15 to holders of record Sept 5; authorized repurchase of up to 500,000 shares.
Transportation dollar volumes $9.4B (+3.2% YoY); facility dollar volumes $5.5B (+16.1% YoY); avg payments in advance of funding -17.4%.

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