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Cass Information Systems CASS Banking Services — Operating Expenses

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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$733.66M+34.6%
Enterprise value$589.34M+77.7%
P/E20×-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:OperatingExpenses.

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
Bad debt recovery(1,759)(1,759)
Intersegment expense (income)791(791)
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

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Cass Information Systems's banking services — operating expenses?
Cass Information Systems (CASS) reported banking services — operating expenses of $4.52M in Q2 2026.
How has Cass Information Systems's banking services — operating expenses changed year-over-year?
Cass Information Systems's banking services — operating expenses increased by 15.7% year-over-year, from $3.91M to $4.52M.
What is the long-term trend for Cass Information Systems's banking services — operating expenses?
Over 3 years (2022 to 2025), Cass Information Systems's banking services — operating expenses has grown at a 2.7% compound annual growth rate (CAGR), from $17.46M to $18.92M.
What does banking services — operating expenses mean?
The total aggregate costs incurred by the Banking Services segment to maintain its daily operations, including personnel, technology, and administrative overhead. This metric is a primary indicator of the segment's cost structure and operational efficiency.

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