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Cass Information Systems CASS Product — Fee revenues

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Cass Information Systems’s 10-K, filed March 6, 2026.

Filed
Mar 6, 2026, 4:04 PM EST
Fiscal year
FY2025
Accession
0000708781-26-000010
(In thousands)Condensed Statements of Income For the Years Ended December 31, 2025Condensed Statements of Income For the Years Ended December 31, 2024Condensed Statements of Income For the Years Ended December 31, 2023
Equity in undistributed income of subsidiaries$9,817$2,349$19,281
Dividends received from subsidiaries20,00020,0007,500
Income from subsidiaries – management fees4,2854,3044,230
Processing fees63,89764,49259,382
Financial fees39,03841,25243,790
Other1,8302,9911,745
Net interest income after provision for (release of) credit losses27,29920,46619,287
Total revenue166,166155,854155,215

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cass Information Systems's product — fee revenues?
Cass Information Systems (CASS) reported product — fee revenues of $15.97M in Q4 2025.
How has Cass Information Systems's product — fee revenues changed year-over-year?
Cass Information Systems's product — fee revenues decreased by 0.9% year-over-year, from $16.12M to $15.97M.
What is the long-term trend for Cass Information Systems's product — fee revenues?
Over 4 years (2021 to 2025), Cass Information Systems's product — fee revenues has grown at a -3.1% compound annual growth rate (CAGR), from $72.58M to $63.9M.
What does product — fee revenues mean?
This metric represents the total revenue generated from transaction-based fees, processing services, and information management solutions within the specific business segment. It reflects the company's ability to monetize its specialized payment and auditing platforms for enterprise clients. Tracking this figure helps investors assess the segment's market demand and the scalability of its service-based revenue model.

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