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Cass Information Systems CASS Banking Services — Goodwill

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Other financials

Income statement

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Revenue$49.9M+12.5%
Net income$10.6M+19.6%
EPS (diluted)$0.81+22.7%

Balance sheet

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Cash & equivalents$228.5M+4.7%
Total debt$84.1M+1,630%
Total equity$244.7M+1.6%
Total assets$2.5B+8.6%

Cash flow

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Operating cash flow$16.9M
CapEx$3.1M+131%
Free cash flow$13.8M

Valuation

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Market cap$742.63M+34.6%
Enterprise value$598.3M+77.7%
P/E20.2×-1.5×
P/S3.7×+0.7×

Profitability

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Net margin18.5%+4.6pp
FCF margin21.1%+0.6pp

Returns & leverage

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Return on equity15.1%+4.4pp
Debt / equity0.3×+0.3×

Where this comes from

Reported directly by Cass Information Systems in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Cass Information Systems’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000708781-26-000031
(In thousands) / Three Months Ended June 30, 2026:Information ServicesBanking ServicesCorporate,Eliminationsand OtherTotal
Other operating expense6,1811,7837,964
Total operating expense32,2514,51836,769
Pre-tax income from continuing operations8,2495,838(913)13,174
Pre-tax income from discontinued operations1616
Goodwill16,02813616,164
Other intangible assets, net3,1423,142
Total assets1,645,9611,197,391(327,140)2,516,212
Average funding sources$1,452,058$791,043$2,243,101

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Cass Information Systems's banking services — goodwill?
Cass Information Systems (CASS) reported banking services — goodwill of $136K in Q2 2026.
How has Cass Information Systems's banking services — goodwill changed year-over-year?
Cass Information Systems's banking services — goodwill decreased by 0.0% year-over-year, from $136K to $136K.
What is the long-term trend for Cass Information Systems's banking services — goodwill?
Over 4 years (2021 to 2025), Cass Information Systems's banking services — goodwill has grown at a -29.8% compound annual growth rate (CAGR), from $2.24M to $544K.
What does banking services — goodwill mean?
Represents the intangible asset value recorded when the Banking Services segment acquires another business for a price exceeding the fair market value of its net identifiable assets. It serves as a long-term indicator of the premium paid for historical acquisitions and potential future impairment risks.

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