Cass Information Systems, Inc · NASDAQ:CASS
Cass Information Systems — Q1 2026 Earnings Presentation
18 slides from Cass Information Systems's earnings presentation, Apr 23, 2026
Slide 1: Earnings Supplement First Quarter 2026
www.cassinfo.com | ©2026 Cass Information Systems | Earnings Supplement First Quarter 2026
Slide 2: Forward-Looking Information
www.cassinfo.com | ©2026 Cass Information Systems | 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 Com
Slide 3: Q1 2026 Financial Highlights
www.cassinfo.com | ©2026 Cass Information Systems | • Net income and diluted earnings per share of $8.8 million and $0.67, respectively. • Adjusted net income and adjusted diluted earnings per share from continuing operations of $8.7 million and $0.66, increases of 23.7% and 26.9% compared to 1Q2025
Slide 4: Core Earnings Metrics
www.cassinfo.com | ©2026 Cass Information Systems | Core Earnings Metrics $7.1M $8.7M Q1'25 Q1'26 $0.52 $0.66 Q1'25 Q1'26 ADJUSTED NET INCOME FROM CONTINUING OPERATIONS (1) ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS (1) (1) Refer to explanation of use of non-GAAP financial measures and reconcil
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 4.5% as compared to 1Q 2025 due to lower transportation and facility transaction volumes. Transportati
Slide 6: Dollar Volumes and Accounts and Drafts Payable
www.cassinfo.com | ©2026 Cass Information Systems | $1.07B $1.17B Q1'25 Q1'26 Transportation dollar volumes increased 4.5% over 1Q 2025, due to the average dollars per transaction increasing 7.8%, partially offset by transaction volumes declining 3.1%. The average dollars per transaction increased d
Slide 7: Financial Fees and Payments in Advance of Funding
www.cassinfo.com | ©2026 Cass Information Systems | Financial fees increased $470,000, or 4.7%, from 1Q 2025. The Company experienced an increase in demand for its quick solutions to freight carriers during the quarter and continues to focus on strategies intended to increase overall adoption of its
Slide 8: Net Interest Income / Margin
www.cassinfo.com | ©2026 Cass Information Systems | Net interest income increased $1.9 million, or 10.1%, from 1Q 2025 driven by a higher net interest margin (NIM) and an increase in average interest-earning assets of $110.2 million, or 5.2%. The NIM improved 20 basis points from 1Q 2025 to 3.95% la
Slide 9: Loans and Loan Yield
www.cassinfo.com | ©2026 Cass Information Systems | Loans increased $27.5 million, or 2.6%, as compared to December 31, 2025, driven by increases in C&I and equipment leases. The Company expects to achieve overall loan growth of 6-8% during full year 2026. The Company’s loan yield improved to 5.81%
Slide 10: Deposits and Deposit Cost
www.cassinfo.com | ©2026 Cass Information Systems | Average deposits increased $36.6 million, or 3.5% as compared to 1Q 2025. Average total deposit cost declined 15 basis points to 1.47% during 1Q2026 driven by the reduction in short-term interest rates when comparing the periods. The Company is pri
Slide 11: Loans & Securities Repricing or Maturity
www.cassinfo.com | ©2026 Cass Information Systems | Loans & Securities (book value) Repricing or Maturity 11 1 Year > 1 to 3 >3 to 5 > 5 Floating Fixed or Less Years Years Years Total Rate Rate Commercial and Industrial: Franchise 20,601 28,915 12,604 170,968 233,088 20,592 212,496 Leases 3,547 49,7
Slide 12: Expenses
www.cassinfo.com | ©2026 Cass Information Systems | $27.3M $27.8M $27.6M $27.4M $27.3M Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 $35.5M $38.2M Q1'25 Q1'26 $37.5M $38.2M Q1'25 Q1'26 Total operating expenses were $38.2 million as compared to $35.5 million in 1Q2025. Operating expense for 1Q2025 includes a $2.0 mi
Slide 13: Prudent Stewards of Capital
www.cassinfo.com | ©2026 Cass Information Systems | Prudent Stewards of Capital SHAREHOLDER RETURNS The company remains a consistent dividend payer and grower, paying regularly scheduled cash dividends since 1934. In addition, the Company repurchased 64,802 shares of common stock during the current
Slide 14: Compelling Opportunities for Future Value Creation
www.cassinfo.com | ©2026 Cass Information Systems | 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 freight rates and energy prices rise and fixed rate inte
Slide 15: Appendix
www.cassinfo.com | ©2026 Cass Information Systems | Appendix 15
Slide 16: 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,” “adjusted diluted earnings per share from continuing operations,” and “adjusted total
Slide 17: Reconciliation of GAAP to Non-GAAP Financial Information
www.cassinfo.com | ©2026 Cass Information Systems | Reconciliation of GAAP to Non-GAAP Financial Information 17 03/31/26 12/31/25 09/30/25 06/30/25 03/31/25 Net income from continuing operations (GAAP) $ 8,739 $ 8,189 $ 9,212 $ 5,160 $ 8,551 Adjustments: (Gain) loss on sale of investment securities
Slide 18: Reconciliation of GAAP to Non-GAAP Financial Information (continued)
www.cassinfo.com | ©2026 Cass Information Systems | Reconciliation of GAAP to Non-GAAP Financial Information (continued) 18 03/31/26 12/31/25 09/30/25 06/30/25 03/31/25 Total operating expense from continuing operations (GAAP) $ 38,218 $ 39,901 $ 38,441 $ 38,119 $ 35,530 Adjustments: Bad debt recove
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