Stock Data
$0.69 (1.30%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY BUSINESS SERVICES
Cass Information Systems, Inc. specializes in payment and information processing services, catering primarily to manufacturing, distribution, and retail sectors. The company offers a suite of services including freight invoice rating, payment processing, auditing, and generating detailed accounting and transportation reports. Additionally, it handles facility-related invoice payments for utilities and telecommunications, and offers telecom expense management solutions. Through its banking subsidiary, Cass Commercial Bank, it also provides banking products and services to businesses and faith-related organizations. Founded in 1906 and based in Saint Louis, Missouri, Cass Information Systems has evolved to offer both traditional banking and innovative fintech solutions.
Cass missed on both lines as transportation invoice volumes fell 3.7% on freight shipment softness, but a 22-basis-point expansion in net interest margin to 4.00% and surging early payment fees cushioned the blow heading into the rate-sensitive fourth quarter.
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