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Cass Information Systems CASS Banking Services — Provision for Credit Losses

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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:ProvisionForLoanLossesExpensed.

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
Gain on sale of investment securities55
Interest income13,08516,702(4,182)25,605
Interest expense2166,598(2,756)4,058
Provision for credit losses531531
Total net revenue40,50010,356(913)49,943
Personnel expenses24,0383,04727,085
Occupancy509194703
Equipment2,4912852,776

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Cass Information Systems's banking services — provision for credit losses?
Cass Information Systems (CASS) reported banking services — provision for credit losses of $531K in Q2 2026.
How has Cass Information Systems's banking services — provision for credit losses changed year-over-year?
Cass Information Systems's banking services — provision for credit losses increased by 2024.0% year-over-year, from $25K to $531K.
What is the long-term trend for Cass Information Systems's banking services — provision for credit losses?
Over 2 years (2022 to 2024), Cass Information Systems's banking services — provision for credit losses has grown at a -42.5% compound annual growth rate (CAGR), from $1.35M to $447K.
What does banking services — provision for credit losses mean?
An expense charged to the income statement to maintain the allowance for loan and lease losses at a level management deems adequate to cover expected credit risks. This metric provides insight into the credit quality of the loan portfolio and management's outlook on borrower default risk.

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