Cass Information Systems(CASS) - 2024 Q3 - Quarterly Results
Cass Information Systems(CASS)2024-10-17 13:23
Exhibit 99.1 Contact: Cass Investor Relations ir@cassinfo.com October 17, 2024 Cass Information Systems reports Third Quarter 2024 Results Third Quarter Results (All comparisons refer to the third quarter of 2023, except as noted) • Net income of $2.9 million, or $0.21 per diluted common share (includes $6.6 million of bad debt expense on a funding receivable related to a facility client). • Increase in net interest margin to 3.55%. • Increase in facility expense transaction volumes of 26.3%. • Increased qu ...