Cass Information Systems Inc (OQ:CASS)
Business Focus: Transaction & Payment Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 12444 Powerscourt Dr ST. LOUIS MO 63131 |
| Tel: | N/A |
| Website: | https://www.cassinfo.com |
| IR: | See website |
| Key People | ||
| Eric H. Brunngraber Executive Chairman of the Board | Martin H. Resch President, Chief Executive Officer, Director | Michael J. Normile Chief Financial Officer, Executive Vice President |
| Dwight D. Erdbruegger President - Cass Commercial Bank | James M. Cavellier Executive Vice President, Chief Information Officer | Matthew Steven Schuckman Executive Vice President, General Counsel, Company Secretary |
| Business Overview |
| Cass Information Systems, Inc. is a provider of integrated information and payment management solutions. The Company enables enterprises to control their supply chains, communications networks, facilities and other operations. Its segments include Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Information Services segment. The Company's bank subsidiary, Cass Commercial Bank, supports its payment operations. The Company offers various loans, including Commercial Real Estate (CRE) and Faith-based CRE. |
| Financial Overview |
| For the three months ended 31 March 2024, Cass Information Systems Inc revenues increased 5% to $55M. Net income increased less than 1% to $7.2M. Revenues reflect Processing fees increase of 9% to $21.3M, Interest on federal funds sold and other increase of 43% to $4.4M, Interest and fees on loans increase of 4% to $12.8M. Net income reflects Equipment Expense decrease of 10% to $1.9M (expense). |
| Employees: | 1,061 as of Feb 15, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,077M as of Mar 31, 2024 |
| Annual revenue (TTM): | $215.93M as of Mar 31, 2024 |
| EBITDA (TTM): | $41.22M as of Mar 31, 2024 |
| Net annual income (TTM): | $30.09M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $473.41M as of Mar 31, 2024 |
| Shares outstanding: | 13,631,684 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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