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Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates in two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software and online platform to provide generosity services for faith-based and non-profit organizations. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as demand, savings, time, and money market deposits; commercial, industrial, commercial real estate, and construction and land development loans; and cash management services to privately held businesses, restaurant franchises, and faith-based ministries. Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and a leased facility in Colorado Springs, Colorado. Cass Information Systems, Inc. was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. The company was founded in 1906 and is headquartered in Saint Louis, Missouri.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $182M | - | $35M | $32M | 14.5% | 5.0% | 83.2% |
| 2024 | $173M | - | $19M | $30M | 8.4% | 2.9% | -36.2% |
| 2023 | $168M | - | $30M | $25M | 13.1% | -4.5% | -13.9% |
| 2022 | $176M | - | $35M | $46M | 16.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 175.95 | 167.95 | 172.87 | 181.57 |
| Operating Revenue | - | - | 167.95 | 172.87 | - |
| Selling General And Administration | - | 109.36 | 107 | 112.11 | 113.14 |
| Interest Income | - | 62.33 | 82.76 | 88.04 | 97.57 |
| Interest Expense | - | 3.48 | 16.27 | 20.26 | 16.33 |
| Net Interest Income | - | 58.84 | 66.49 | 67.79 | 81.24 |
| Pretax Income | - | 42.90 | 34.46 | 23.44 | 38.76 |
| Tax Provision | - | 8 | 6.57 | 4.89 | 7.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 34.90 | 27.89 | 18.56 | 31.11 |
| Net Income From Continuing And Discontinued Operation | - | 34.90 | 30.06 | 19.17 | 35.12 |
| Net Income From Continuing Operation Net Minority Interest | - | 34.90 | 27.89 | 18.56 | 31.11 |
| Net Income | - | 34.90 | 30.06 | 19.17 | 35.12 |
| Net Income Common Stockholders | - | 34.90 | 30.06 | 19.17 | 35.12 |
| Net Income Including Noncontrolling Interests | - | 34.90 | 30.06 | 19.17 | 35.12 |
| Normalized Income | - | 34.90 | 27.89 | 18.56 | 31.11 |
| Diluted NI Availto Com Stockholders | - | 34.90 | 30.06 | 19.17 | 35.12 |
| Basic Average Shares | - | 13.55 | 13.53 | 13.50 | 13.18 |
| Diluted Average Shares | - | 13.81 | 13.82 | 13.78 | 13.46 |
| Reconciled Depreciation | - | 4.70 | 4.65 | 5.72 | 7.20 |
| Net Income Discontinuous Operations | - | - | 2.17 | 0.61 | 4 |
| Gain On Sale Of Security | 0.05 | - | -0.17 | -0.04 | -3.53 |
| Depreciation Amortization Depletion Income Statement | - | 0.68 | 0.69 | 0.69 | 1.17 |
| Depreciation And Amortization In Income Statement | - | 0.68 | 0.69 | 0.69 | 1.17 |
| General And Administrative Expense | - | 106.47 | 104.39 | 109.34 | 110.07 |
| Other Gand A | 2.40 | - | - | - | - |
| Salaries And Wages | - | 106.47 | 104.39 | 109.34 | 110.07 |
| Selling And Marketing Expense | - | 2.89 | 2.61 | 2.77 | 3.07 |
| Amortization | - | 0.68 | 0.69 | 0.69 | 1.17 |
| Amortization Of Intangibles Income Statement | - | 0.68 | 0.69 | 0.69 | 1.17 |
| Occupancy And Equipment | - | 10.34 | 9.69 | 10.80 | 12.68 |
| Professional Expense And Contract Services Expense | 1.62 | - | - | - | - |
| Other Non Interest Expense | - | 11.32 | 16.65 | 17.54 | 17.47 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cass Information Systems, Inc.this co. | CASS | $606M | 17.25↓ discount | 2.49 | 14.5% | - |
| Hyster-Yale, Inc. | HY | $645M | -10.74 | 1.37 | -12.7% | 34.14 |
| Latham Group, Inc. | SWIM | $639M | 57.42 | 1.57 | 2.7% | 9.70 |
| Kimball Electronics, Inc. | KE | $634M | 37.31 | 1.11 | 3.0% | 8.87 |
| Sturm, Ruger & Company, Inc. | RGR |
| - |
| - |
| - |
| - |
| - |
| - |
| $628M |
| - |
| 2.21 |
| -1.5% |
| 33.97 |
| Richtech Robotics Inc. | RR | $610M | -38.75 | 2.26 | -5.8% | -31.05 |
| Mistras Group, Inc. | MG | $588M | 34.92 | 2.50 | 7.2% | 11.35 |
| Orion Group Holdings, Inc. | ORN | $574M | 230.87 | 3.61 | 1.6% | 15.08 |
| Bowman Consulting Group Ltd. | BWMN | $573M | 46.84 | 2.19 | 4.7% | 17.30 |
| Peer Median | - | 37.31 | 2.20 | 2.2% | 13.21 | |