Table of Contents ____________________ ____________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 000-20827 CASS INFORMATION SYSTEMS, INC ...

Group 1 - The implied volatility for Cass Information Systems indicates that the market is anticipating significant movement in the stock price, potentially due to an upcoming event [1][4][6] - Analysts currently rate Cass Information Systems as a Zacks Rank 5 (Strong Sell), placing it in the bottom 26% of the Computer Services industry [4] - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one has lowered the estimate, resulting in a decrease in the Zacks Consensus Estimate from 57 cents per share to 53 cents per share [4] Group 2 - The high implied volatility in options trading for Cass Information Systems suggests that traders may be looking to sell premium, a strategy that benefits from the stock not moving as much as expected [2][6] - The September 20, 2024 $30.00 Put option for Cass Information Systems has recorded some of the highest implied volatility among equity options recently [6]

Cass Information Systems (CASS) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive tr ...

Cass Information Systems reports Second Quarter 2024 Results (All comparisons refer to the second quarter of 2023, except as noted) ST. LOUIS – Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported second quarter 2024 earnings of $0.32 per diluted share, as compared to $0.52 in the second quarter of 2023 and $0.52 in the first quarter of 2024. Net income for the period was $4.5 million, as compared to $7.1 million in the second quarter of 2023 and $7.2 million in the first quarter of ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $50 million, up 3.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 9.68% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Earn ...

Financial Performance - The Company reported a return on average assets of 1.20% and a return on average equity of 12.66%[17] - The Company reported a net income of $7.152 million for the quarter ended March 31, 2024, compared to $7.117 million for the same period in 2023[92] - Net cash flows from operating activities were $9.8 million for the three months ended March 31, 2024, an increase of $534,000 from the same period in 2023[34] Revenue and Income Sources - Processing fee revenue increased by $1.7 million, or 8.9%, driven by a 23.0% rise in facility-related invoice volumes[20] - Net interest income decreased due to a $99.5 million, or 4.6%, decline in average earning assets, while the net interest margin increased to 3.26% from 3.23%[21] Assets and Investments - Total assets as of March 31, 2024, amounted to $2,478.622 million, with loans net of allowance for credit losses at $1,001.229 million[84][85] - Average short-term investments rose by $57.0 million, or 19.3%, to $352.2 million, with an average yield increase of 79 basis points to 5.07%[23] - Total investment securities were $621.9 million at March 31, 2024, a decrease of $5.2 million from December 31, 2023[33] - The investment securities portfolio decreased by $5.2 million, or 0.8%, during the first three months of 2024, due to maturities of $39.6 million and an increase in unrealized losses of $1.7 million[75] Liabilities and Equity - Total liabilities decreased by $184.7 million, or 8.2%, to $2.06 billion from December 31, 2023[32] - The total shareholders' equity as of March 31, 2024, was $229.487 million, slightly down from $229.809 million at the end of 2023[85] - Cash dividends declared were $0.30 per share, totaling $4.089 million for the quarter[94] Loans and Credit - Loans increased by $22.7 million, or 2.2%, from December 31, 2023, reflecting growth in the commercial and industrial loan portfolio[31] - The allowance for credit losses (ACL) was $13.3 million, representing 1.28% of outstanding loans as of March 31, 2024[27] Other Financial Activities - The Company experienced a decrease in cash and cash equivalents of $179.7 million, or 48.2%, during the first three months of 2024[30] - The Company experienced an increase in accounts receivable by $1.601 million during the quarter[92] - The Company reported an increase in current income tax liability by $1.786 million[92] - The Company purchased 23,271 common shares during the quarter[94] Legal Matters - The Company is subject to various pending legal actions, but management believes these will not materially affect its financial condition[77] Capital and Regulatory Compliance - The Company continues to exceed all regulatory capital requirements, maintaining strong capital ratios[76]

Cass Information Systems reports First Quarter 2024 Results (All comparisons refer to the first quarter of 2023, except as noted) ST. LOUIS – Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported first quarter 2024 earnings of $0.52 per diluted share, as compared to $0.51 in the first quarter of 2023 and $0.61 in the fourth quarter of 2023. Net income for the period was $7.2 million, an increase of 0.5% from $7.1 million in the same period in 2023 and a decrease of $1.3 million, or 1 ...

Cass Information Systems (CASS) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.86%. A quarter ago, it was expected that this invoice and payment management company would post earnings of $0.48 per share when it actually produced earnings of $0.61, delivering a surprise of 27.08%. ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

The Zacks Computer - Services industry is riding on the ongoing digital transformation, which is increasing the demand for cloud-enabled software solutions. The rising adoption of digital transformative techniques in healthcare and financial services has been a silver lining for industry participants. CGI Group (GIB) , Perficient (PRFT) and Cass Information Systems (CASS) are well-positioned to benefit from the above-mentioned factors. The growing need for consulting, research and cyber-security solutions, ...