Detail akcie Cass Info System online

Business Summary: Cass Information Systems, Inc. is a provider of integrated information and payment management solutions. The Company enables enterprises to control their supply chains, communications networks, facilities and other operations. Its segments include Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Information Services segment. The Company's bank subsidiary, Cass Commercial Bank, supports its payment operations. The Company offers various loans, including Commercial Real Estate (CRE) and Faith-based CRE.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Cass Information Systems Inc revenues increased 5% to $55M. Net income increased less than 1% to $7.2M. Revenues reflect Processing fees increase of 9% to $21.3M, Interest on federal funds sold and other increase of 43% to $4.4M, Interest and fees on loans increase of 4% to $12.8M. Net income reflects Equipment Expense decrease of 10% to $1.9M (expense).