Cass Information Systems, Inc · NASDAQ:CASS
Cass Information Systems — Q3 2026 Earnings Presentation
20 slides from Cass Information Systems's earnings presentation, Oct 22, 2026
Slide 1: Earnings Supplement Third Quarter 2026
www.cassinfo.com | ©2026 Cass Information Systems | Earnings Supplement Third Quarter 2026
Slide 2: Forward-Looking Information
www.cassinfo.com | ©2026 Cass Information Systems | Forward-Looking Information Readers should note that, in addition to the historical information contained herein, this earnings supplement contains “forward-looking statements” within the meaning of, and intended to be covered by, the safe harbor p
Slide 3: 3Q 2026 Financial Highlights
www.cassinfo.com | ©2026 Cass Information Systems | • Net income and diluted earnings per share of $10.6 million and $0.81, respectively, increases of 16.1% and 19.1%, respectively, compared to 3Q2025. • Return on average equity of 17.46%. • Increase in net interest margin to 4.02%, compared to 3.87
Slide 4: Core Earnings Metrics
www.cassinfo.com | ©2026 Cass Information Systems | Core Earnings Metrics $9.2M $9.0M $8.7M $9.2M $10.6M Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $0.69 $0.68 $0.66 $0.71 $0.81 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 ADJUSTED NET INCOME FROM CONTINUING OPERATIONS (1) ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS (1) (1
Slide 5: Processing Fees and Transaction Volumes
www.cassinfo.com | ©2026 Cass Information Systems | The change in processing fees quarter to quarter is generally correlated to transportation and facility invoice volumes. Processing fees declined 4.6% as compared to 3Q2025 due to lower transportation and facility transaction volumes. Traditional f
Slide 6: Transportation Dollar Volumes
www.cassinfo.com | ©2026 Cass Information Systems | Transportation Dollar Volumes 6 $ and numbers in thousands, except average dollars per invoice 09/30/26 06/30/26 03/31/26 12/31/25 09/30/25 09/30/26 09/30/25 Traditional freight $$ processed by line item: Linehaul/other $ 8,544,465 $ 8,012,376 $ 7,
Slide 7: Transportation Dollar Volumes and Accounts and Drafts Payable
www.cassinfo.com | ©2026 Cass Information Systems | $9.65B $9.48B $9.33B $10.47B $11.05B 8E+09 8.5E+09 9E+09 9.5E+09 1E+10 1.05E+10 1.1E+10 1.15E+10 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Transportation dollar volumes of $11.0 billion increased 14.5% as compared to 3Q2025. Average dollars per traditional fre
Slide 8: Facility Dollar Volumes and Accounts and Drafts Payable
www.cassinfo.com | ©2026 Cass Information Systems | $1,526 $1,401 $1,549 $1,408 $1,631 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $6.23B $5.69B $6.25B $5.66B $6.58B 5E+09 5.2E+09 5.4E+09 5.6E+09 5.8E+09 6E+09 6.2E+09 6.4E+09 6.6E+09 6.8E+09 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $1.21B $1.21B $1.17B $1.18B $1.25B Q3'25 Q
Slide 9: Financial Fees and Payments in Advance of Funding
www.cassinfo.com | ©2026 Cass Information Systems | Financial Fees and Payments in Advance of Funding Financial fees increased $1.2 million, or 11.8%, from 3Q2025. The increase was due to an increase in average payments in advance of funding of 15.8%, in addition to rising financial interchange fees
Slide 10: Net Interest Income / Margin
www.cassinfo.com | ©2026 Cass Information Systems | Net interest income increased $1.9 million, or 8.9%, from 3Q2025 driven by a higher net interest margin (NIM) and an increase in average interest-earning assets of $105.4 million, or 4.8%. The NIM improved 15 basis points from 3Q2025 to 4.02% large
Slide 11: Loan Portfolio Composition
www.cassinfo.com | ©2026 Cass Information Systems | Loans decreased $38.3 million, or 3.5%, as compared to June 30, 2026. The Company experienced several payoffs within its faith-based portfolio during the quarter, some due to intentional exits of potential problem credits and others due to refinanc
Slide 12: Deposits and Deposit Cost
www.cassinfo.com | ©2026 Cass Information Systems | Average deposits increased $79.2 million, or 7.8%, as compared to 3Q2025. The Company experienced growth in average CassPay deposits of $74.5 million, or 29.2%, as compared to 3Q2025. The Company expects average CassPay deposits to increase in comi
Slide 13: Loans & Securities Repricing or Maturity
www.cassinfo.com | ©2026 Cass Information Systems | Loans & Securities (book value) Repricing or Maturity 13 ($$ in thousands) 1 Year > 1 to 3 >3 to 5 > 5 Floating Fixed or Less Years Years Years Total Rate Rate Commercial and Industrial: Franchise 32,153 12,458 16,341 189,417 250,369 17,357 233,012
Slide 14: Expenses
www.cassinfo.com | ©2026 Cass Information Systems | $27.6M $27.4M $27.3M $27.1M $27.6M Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $38.4M $39.9M $38.2M $36.8M $39.8M Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $38.4M $38.8M $38.2M $38.5M $39.8M Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Total operating expenses were $39.8 million as compar
Slide 15: Prudent Stewards of Capital
www.cassinfo.com | ©2026 Cass Information Systems | The Company remains a consistent dividend payer and grower, paying regularly scheduled cash dividends since 1934. The Company increased its dividend $0.02 per share, or 6.3%, on a quarterly basis effective for the next scheduled quarterly dividend
Slide 16: Revenue and Expense Outlook
www.cassinfo.com | ©2026 Cass Information Systems | The Company is optimistic regarding its revenue outlook as a result of: o the likelihood of sustained higher interest rates which would be expected to positively impact net interest margin; o the impact of higher contract freight rates and fuel sur
Slide 17: Compelling Opportunities for Future Earnings Growth and Value Creation
www.cassinfo.com | ©2026 Cass Information Systems | Compelling Opportunities for Future Earnings Growth and Value Creation Driving technology enhancements designed to improve client experience and position us more effectively in the marketplace, as well as drive efficiencies. Net interest income and
Slide 18: Appendix
www.cassinfo.com | ©2026 Cass Information Systems | Appendix 18
Slide 19: Use of Non-GAAP Financial Measures
www.cassinfo.com | ©2026 Cass Information Systems | Use of Non-GAAP Financial Measures Certain of the financial measures and ratios the Company presents, including “adjusted net income from continuing operations,” and “adjusted diluted earnings per share from continuing operations,” are supplemental
Slide 20: Reconciliation of GAAP to Non-GAAP Financial Information
www.cassinfo.com | ©2026 Cass Information Systems | Reconciliation of GAAP to Non-GAAP Financial Information 20 09/30/26 06/30/26 03/31/26 12/31/25 09/30/25 09/30/26 09/30/25 Total operating expense from continuing operations (GAAP) $ 39,780 $ 36,769 $ 38,218 $ 39,901 $ 38,441 $ 114,767 $ 112,090 Ad
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