Cass Information Systems, Inc · NASDAQ:CASS

Cass Information Systems — Q4 2025 Earnings Presentation

40 slides from Cass Information Systems's earnings presentation, January 2026

Slide 2: Forward-Looking Information
Forward-Looking Information All statements other than statements of historical fact included in this release, including without limitation the Company’s future prospects and performance, the business strategy and the plans and objectives of the Company's management for future operations, are forward
Slide 4: Overview
Overview $550 MILLION $2.6 BILLION Market. Cap. Assets Cass is an information services company that processes freight and facility payments for many of the world’s largest global companies 14.98% 1.43% YTD ROE YTD ROA The information systems business has a 70-year legacy As a result of its $94B of p
Slide 5: Information Systems / Payments
Information Systems / Payments $94 BILLION Annual payments volume Transportation information systems provides freight audit and payment services for all transportation modes and movement 51 MILLION types, including parcel and last mile Annual invoice volume Facilities expense management provides inv
Slide 6: Cass Commercial Bank
Cass Commercial Bank $1.4 BILLION Total Assets Cass Commercial Bank operates in five primary niches: St. Louis Commercial and Industrial market QSR Franchisees $1.0 BILLION Total Deposits Faith-Based organizations across the U.S. Not-for-Profit organizations Equipment Finance $1.1 BILLION Strong tra
Slide 7: Cass Information Systems is 185 Countries
Cass Information Systems is A major payments company that supports a company’s global business while tightly protecting its assets As a publicly held, financial holding $94 billion DOLLARS PAID Activity in company, Cass is regulated by the $37 billion Freight 185 COUNTRIES SEC, Federal Reserve, and
Slide 8: What We Do
What We Do Cass helps the world’s largest companies manage their facilities and transportation costs. By processing and paying client invoices, we help companies: • Gain crucial financial support for large, difficult-to-manage spend categories • Offload and automate difficult, repetitive, time-consu
Slide 9: Why We Do It How We Do It
Why We Do It How We Do It The Value Proposition of What We Do for Clients Our AI, Technology and Industry Expert Human Resources Which results in: Delivered through: • High quality data which drives informed decisions, • Significant investments in AI/ML solutions to accelerate superior procurement r
Slide 10: Transportation Spend Management
Transportation Spend Management aka Freight Audit & Payment www.cassinfo.com | ©2025 Cass Information Systems | 10
Slide 11: We Deliver Freight Audit & Payment Solutions for All Modes/Movement Types
We Deliver Freight Audit & Payment Solutions for All Modes/Movement Types Global Control Specific solutions for Working Capital Decision One solution for higher complexity Management Intelligence Suite all of a company’s • Last Mile Improve working capital Real-time market global freight by extendin
Slide 12: We Deliver Best Practices Globally
We Deliver Best Practices Globally Resource expertise • Automation • System integration • Shipment rating and audit of all modes • GL and accrual reporting • Secure payments • Working capital management • CassPort and data visualization dashboards • Benchmarking • Custom BI www.cassinfo.com | ©2025
Slide 13: Cass Freight Index – Trusted Insights
Cass Freight Index® – Trusted Insights The Cass Freight Index® has been a trusted measure of the North American freight market since 1995. Our monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain indicato
Slide 15: The Decision Intelligence Suite
The Decision Intelligence Suite CassPort Analytics Cass Benchmarking Cass + SONAR SCI Monitor and understand Compare rates for truckload, Layer truckload data with transportation spend LTL, intermodal, and rail to real-time market conditions other Cass clients for optimal spend and service managemen
Slide 16: Facilities Expense Management
Facilities Expense Management www.cassinfo.com | ©2025 Cass Information Systems | 16
Slide 17: We Deliver Utility Bill Solutions Across All Facilities Services, Including MRO
We Deliver Utility Bill Solutions Across All Facilities Services, Including MRO Importance Invoice Challenges Value Proposition Facilities payments are one Hundreds to thousands of Simplify the complex world of a company’s top operating bills from many vendors of facility costs by paying expenses ou
Slide 18: We Have Expertise In All Facilities Service Types & Industry Segments
We Have Expertise In All Facilities Service Types & Industry Segments Simplifying the complexities of managing Invoice recurring, typically non-PO invoices related to physical Processing infrastructure across all service types Paying vendors accurately and on time, which minimizes exceptions, late f
Slide 19: We Deliver Reporting for Utility Usage, Including Sustainability & Diversion Data
We Deliver Reporting for Utility Usage, Including Sustainability & Diversion Data We partner with a company’s energy management, procurement and reporting providers to allow for the selection of best- of-breed solutions, resulting in a high quality and complete facilities management solution Sustain
Slide 21: TouchPoint is All-in-One Church Management Software
TouchPoint is All-in-One Church Management Software • Acquired by Cass in 2022 with 300+ clients across the United States • Enterprise software enabling churches to manage membership, giving, communications, volunteerism, etc. • Processes over $200 million in annual giving for these churches. Workin
Slide 23: Cass Commercial Bank is a 5-Star Rated Bank for its Financial Soundness
Cass Commercial Bank is a 5-Star Rated Bank for its Financial Soundness Founded in St. Louis, MO in 1906 Conservative management with more than 10 years with no charge-offs, reflecting prudent risk practices Specialized banking focused on faith-based institutions, not-for-profit’s, QSR franchises, e
Slide 24: The Bank's Lending is Focused in Three Core Areas
The Bank’s Lending is Focused in Three Core Areas Faith-Based & Non-Profit Quick Service Restaurants Commercial & Industrial Purpose-driven financing for places Focused expertise in QSR Franchise Serving privately held businesses in of worship and Non-Profit Entities opportunities St. Louis metropol
Slide 25: The Bank Generates Deposits Through Three Primary Channels
The Bank Generates Deposits Through Three Primary Channels Faith-Based Institutions CassPay C&I and Not-for-Profits Long-standing reputation with CassPay supports large fintech Focused on privately held faith-based community clients with complex payables businesses and not-for-profit infrastructure
Slide 27: Full Year 2025 Financial Highlights
Full Year 2025 Financial Highlights • Record net income and diluted earnings per share of $35.1 million and $2.61, respectively. • Return on average equity and assets of 14.98% and 1.43%, respectively. • Increase in net interest income of $13.5 million, or 19.8%. • Increase in facility dollar volume
Slide 28: Q4 2025 Financial Highlights
Q4 2025 Financial Highlights • Net income and diluted earnings per share of $8.2 million and $0.62, respectively. • Adjusted net income and adjusted diluted earnings per share from continuing operations of $9.0 million and $0.68, increases of 32.9% and 38.8% compared to the prior year quarter. • Inc
Slide 29: Core Earnings Metrics
Core Earnings Metrics NET INCOME DILUTED EPS $9.0M $9.1M $0.66 $0.66 $0.68 $8.9M $0.62 $8.2M $4.6M $0.33 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 ADJUSTED NET INCOME FROM CONTINUING OPERATIONS (1) ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS (1) $0.69 $0.68 $9.2M $9.0
Slide 30: Financial Fees, Dollar Volumes and Payments in Advance of Funding
Financial Fees, Dollar Volumes and Payments in Advance of Funding Financial fees declined $650,000, or 6.2%, from Q4 2024 due to a lower average FINANCIAL FEES balance of payments in advance of funding of 12.9% in addition to changes in the manner whereby facility vendors receive payments. $10.5M $1
Slide 31: Processing Fees and Transaction Volumes
Processing Fees and Transaction Volumes The change in processing fees quarter to quarter is generally correlated to transportation and facility invoice volumes. Processing fees increased 3.9% as compared to 4Q 2024 due to the AcuAudit acquisition, partially offset by lower transportation and facilit
Slide 32: Net Interest Income
Net Interest Income The net interest margin (NIM) improved 38 basis points from Q4 2024 to 3.93% largely driven by increases in the average yield on loans and investment securities of 31 and 72 basis points, respectively, combined with a decline in the average cost of total deposits of 28 basis poin
Slide 33: Net Interest Income (Continued)
Net Interest Income (Continued) The Company’s net interest margin has historically trended above the average 5-year UST. With the rise in long- term bond yields over the last 3-4 years, the yields on many of the Company’s fixed rate loans and investment securities are below current market interest r
Slide 34: Loans & Securities (book value) Repricing or Maturity
Loans & Securities (book value) Repricing or Maturity Total Loans at December 31, 2025 Repricing or Maturity Term Rate Structure 1 Year > 1 to 3 >3 to 5 >5 Floating Fixed or Less Years Years Years Total Rate Rate Commercial and Industrial: Franchise 13,682 30,097 15,044 176,895 235,718 13,433 222,28
Slide 35: Prudent Stewards of Capital
Prudent Stewards of Capital The Company maintains excess capital to support Tier 1 leverage organic balance sheet growth and opportunistic ratio at 12/31/25 9.91% acquisitions Common equity tier 1 risk-based Dividend of $0.32 per share ratio at 12/31/25 15.10% Cass has continuously paid regularly sc
Slide 36: Compelling Opportunities for Future Value Creation
Compelling Opportunities for Future Value Creation Driving efficiency and improved results in data ingestion and client relations functions through AI Net interest income and margin growth as fixed rate interest-earning assets reprice in higher interest rate environment Opportunity to grow payment f
Slide 38: Use of Non-GAAP Financial Measures
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 measures that are not required by, or are not prese
Slide 39: Reconciliation of GAAP to Non-GAAP Financial Information
Reconciliation of GAAP to Non-GAAP Financial Information Three Months Ended Year Ended 12/31/25 9/30/25 6/30/25 3/31/25 12/31/24 12/31/25 12/31/24 Net income from continuing operations (GAAP) $ 8,189 $ 9,212 $ 5,160 $ 8,551 $ 4,158 $ 31,112 $ 18,558 Adjustments: (Gain) loss on sale of investment sec

Cass Information Systems — Q4 2025 Earnings Presentation on 6ix

Cass Information Systems — Q4 2025 Earnings Presentation

Slide 1: Investor Presentation

Slide 2: Forward-Looking Information

Slide 3: Cass At A Glance

Slide 4: Overview

Slide 5: Information Systems / Payments

Slide 6: Cass Commercial Bank

Slide 7: Cass Information Systems is 185 Countries

Slide 8: What We Do

Slide 9: Why We Do It How We Do It

Slide 10: Transportation Spend Management

Slide 11: We Deliver Freight Audit & Payment Solutions for All Modes/Movement Types

Slide 12: We Deliver Best Practices Globally

Slide 13: Cass Freight Index – Trusted Insights

Slide 14: Countries Supported Today

Slide 15: The Decision Intelligence Suite

Slide 16: Facilities Expense Management

Slide 17: We Deliver Utility Bill Solutions Across All Facilities Services, Including MRO

Slide 18: We Have Expertise In All Facilities Service Types & Industry Segments

Slide 19: We Deliver Reporting for Utility Usage, Including Sustainability & Diversion Data

Slide 20: TouchPoint

Slide 21: TouchPoint is All-in-One Church Management Software

Slide 22: Cass Commercial Bank

Slide 23: Cass Commercial Bank is a 5-Star Rated Bank for its Financial Soundness

Slide 24: The Bank's Lending is Focused in Three Core Areas

Slide 25: The Bank Generates Deposits Through Three Primary Channels

Slide 26: Financial Overview

Slide 27: Full Year 2025 Financial Highlights

Slide 28: Q4 2025 Financial Highlights

Slide 29: Core Earnings Metrics

Slide 30: Financial Fees, Dollar Volumes and Payments in Advance of Funding

Slide 31: Processing Fees and Transaction Volumes

Slide 32: Net Interest Income

Slide 33: Net Interest Income (Continued)

Slide 34: Loans & Securities (book value) Repricing or Maturity

Slide 35: Prudent Stewards of Capital

Slide 36: Compelling Opportunities for Future Value Creation

Slide 37: Appendix

Slide 38: Use of Non-GAAP Financial Measures

Slide 39: Reconciliation of GAAP to Non-GAAP Financial Information

Slide 40: Thank you!