Slide 1: The Power to Deliver Solutions – Q2 2022 Investor Presentation
Exhibit 99.1 The Power to Deliver Solutions Around the world, leading enterprises rely on Cass for our vertical expertise, processing power, and global payment network to execute critical financial transactions while driving greater control and efficiency across critical business expenses. Q2 2022 I
Slide 2: Table of Contents
TABLE OF CONTENTS Forward-Looking Statements 3 4 Cass at a Glance 8 Financial Performance 11 Revenue 16 Balance Sheet 21 Capital 22 ESG Highlights 23 Leadership and Shareholder Information 2 www.cassinfo.com / © 2022 Cass Information Systems
Slide 3: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain words such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,” “poten
Slide 4: Cass at a Glance
CASS AT A GLANCE 4 www.cassinfo.com / © 2022 Cass Information Systems
Slide 5: How Cass Creates Value
HOW CASS CREATES VALUE At Cass, we provide the means to accept highly We are the trusted third party, validating diverse inputs spanning paper, digitized pricing and contractual agreements. documents, digital data, and data feeds in We are recognized by the high level of service multiple formats. we
Slide 6: Why Clients Choose Cass
WHY CLIENTS CHOOSE CASS We are recognized as an industry leader in the Because we have CCB, we can be nimble in our freight, audit and payment space. Since 1995, ability to drive bank product offerings needed the Cass Freight Index®, referenced everywhere by our clients. from the Wall Street Journal
Slide 7: Helping the Best Businesses Become Better
HELPING THE BEST BUSINESSES BECOME BETTER 7 www.cassinfo.com / © 2022 Cass Information Systems
Slide 8: Financial Performance
FINANCIAL PERFORMANCE 8 www.cassinfo.com / © 2022 Cass Information Systems
Slide 9: Q2 2022 Financial Highlights
Q2 2022 FINANCIAL HIGHLIGHTS NET INCOME DILUTED EPS RETURN ON EQUITY $8.56M + Record net income of $8.6 million 16.53% $0.62 $7.03M $0.48 10.83% + Record diluted EPS of $0.62 + Return on average equity of 16.53% + Record quarterly transportation dollar Q2 '21 Q2 '22 Q2 '21 Q2 '22 Q2 '21 Q2 '22 volum
Slide 10: Profitable Growth
PROFITABLE GROWTH TOTAL REVENUE NET INCOME DILUTED EPS $8.56M $44.2M $0.62 $8.26M $0.60 $0.55 $42.1M $7.70M $0.48 $0.48 $7.03M $40.0M $6.80M $38.7M $38.4M Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 RETURN ON EQUITY RETURN ON ASSETS 16.53%
Slide 11: Revenue
REVENUE 11 www.cassinfo.com / © 2022 Cass Information Systems
Slide 12: Financial Fees
FINANCIAL FEES FINANCIAL FEES Financial fees are earned via use of our balance sheet to make customer invoice payments. Cass makes payments to our clients’ vendors in advance of when the $10.6M $10.5M $9.6M $8.6M $7.5M corresponding invoice is due for a fee. The change quarter to quarter is highly c
Slide 13: Processing Fees
PROCESSING FEES Processing fees are earned on a per-item or monthly basis generally for invoice processing services, including turning unstructured inputs into structured and actionable information. The change quarter to quarter is generally correlated to transportation and facility invoice volumes.
Slide 14: Net Interest Income
NET INTEREST INCOME Cass earns net interest income by investing its funding sources consisting of non-interest bearing float received from invoice processing and payment customers (accounts and drafts payable) and deposits from Cass Commercial Bank customers into short- term investments, investment
Slide 15: Operating Expense
OPERATING EXPENSE Personnel expense increased during the second quarter of 2022 as compared to the same quarter last year as a result of an increase in base salaries and an increase in stock compensation and profit sharing of $1.0 million and $346,000, respectively. The increase as compared to the f
Slide 16: Balance Sheet
BALANCE SHEET 16 www.cassinfo.com / © 2022 Cass Information Systems
Slide 17: Loans
LOANS Cass has experienced good organic loan growth in recent quarters, in particular its specialty franchise and faith-based niches. Cass has not incurred a loan charge-off since 2015. ($ in millions) PORTFOLIO COMPOSITION — 6/30/22 Portfolio Composition 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 Fr
Slide 18: Investments
INVESTMENTS Cass has a high quality investment portfolio, with all investments other than corporate bonds being U.S. agency backed. Corporate bonds are all investment grade of “A” or higher. ENDING INVESTMENTS INVESTMENT TAX EQUIVALENT YIELD PORTFOLIO COMPOSITION 2.36% $774.6M $98.6M $740.1M 2.27% S
Slide 19: Funding
FUNDING For 2Q 2022, 74.4% of average funding was noninterest bearing. Deposits have increased in recent quarters due to organic deposit growth fueled by an abundance of liquidity in the economy. Accounts and drafts payable have increased due to rising energy prices and inflationary pressures. AVERA
Slide 20: Impact of Interest Rates
IMPACT OF INTEREST RATES Cass earns net interest income off the float generated by its payment business in addition to Cass Commercial Bank. As interest rates have decreased to historically low levels, the net interest margin has also deteriorated. Cass is well positioned for rising interest rates a
Slide 21: Capital
CAPITAL + $110.2 million in excess of capital over Tier 1 leverage 8.85% ratio at 6/30/22 7.0% common equity tier 1 risk-based regulatory requirement Common equity tier 1 risk- + Maintain excess capital to support 13.47% based ratio at 6/30/22 organic balance sheet growth and opportunistic acquisiti
Slide 22: Environmental, Social and Governance (ESG) Highlights
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) HIGHLIGHTS In 2022, we published our inaugural ESG report, a copy of which is available on our Investor Relations site. To read more from the Cass ESG report, please follow this link to cassinfo.com 22 www.cassinfo.com / © 2022 Cass Information Systems
Slide 23: Leadership and Shareholder Information
LEADERSHIP AND SHAREHOLDER INFORMATION 23 www.cassinfo.com / © 2022 Cass Information Systems
Slide 24: Board of Directors
BOARD OF DIRECTORS Eric H. Brunngraber Wendy J. Henry Joseph D. Rupp Chairman and Retired Managing Partner, Lead Director and Retired Chairman, President, Chief Executive Officer BKD, LLP and Chief Executive Officer, Olin Corporation Ralph W. Clermont James J. Lindemann Randall L. Schilling Retired
Slide 25: Leadership Council
LEADERSHIP COUNCIL Cory J. Bricker Carl N. Friedholm Sean M. Mullins Matthew S. Schuckman Vice President, Vice President and General Manager, Vice President, Enterprise Executive Vice President, General Integrated Financial Solutions Telecom Expense Management Infrastructure and Security Counsel, an
Slide 26: Shareholder Information
SHAREHOLDER INFORMATION CORPORATE HEADQUARTERS CORPORATE HEADQUARTERS TRANSFER AGENT Cass Information Systems, Inc. Security analysts, investment managers, Shareholder correspondence 12444 Powerscourt Drive, Suite 550 and others seeking financial information should be mailed to: Saint Louis, Missour
Slide 27: Thank You for Your Time
Thank You for Your Time Cass Information Yemee Systems, Inc: