NASDAQ$CASS

Cass Information Systems Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported first quarter 2024 results, showing mixed performance amid freight recession and strategic investments.

Cass Information Systems reported Q1 2024 earnings of $0.52 per diluted share, a slight increase from $0.51 in Q1 2023 but a decrease from $0.61 in Q4 2023. The company saw growth in facility expense transaction volumes and processing fees, but declines in transportation dollar volumes and net interest income.

  • Net income increased slightly to $7.2 million, up 0.5% year-over-year.
  • Facility expense transaction volumes increased by 23.0%.
  • Processing fees grew by 8.9%, driven by higher facility transaction volumes.
  • Transportation dollar volumes decreased by 12.9% due to the ongoing freight recession.

Headline financials

Total Revenue

$49.7M

Previous: $49.3M+0.7%
EPS

$0.52

Previous: $0.51+2.0%
Transportation Invoices

8.8M

No prior period
Transportation Volume

$8.94B

No prior period
Facility Expense Invoices

4.1M

No prior period
Facility Expense Volume

$5.02B

Previous: $5.31B-5.6%
Net Interest Margin

3.3%

Previous: 3.2%+0.9%
ROAE

12.7%

Previous: 13.8%-8.0%
ROAA

1.2%

No prior period
Avg. FTEs

1.0K

No prior period
Capital Expenditures

-$3.66M

Previous: -$1.95M-87.4%
Free Cash Flow

$3.49M

Previous: $5.16M-32.4%
Net Income

$7.15M

Previous: $7.12M+0.5%
Operating Income

$43.4M

Previous: $44.7M-3.0%
Gross Profit

$49.6M

Previous: $49M+1.2%
Stock-Based Comp

$1.23M

Previous: $1.95M-37.1%

Revenue & EPS history

Cass · Revenue · Quarterly

$49.7M

Q1 2024+0.7%vs Q1 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Cass · $31.5M total across 2 segments · Q3 2023

  • Processing Fees
    $19.9M+5.1%
  • Financial Fees
    $11.6M+3.1%

Forward guidance

The company has robust new business pipelines throughout its lines of business which should place them in a good position to grow clients and transactions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.8%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+5.9%

Q3 2022

Best reaction

-13.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-2.0%-6.0%
Q4 2025+1.6%+3.6%+4.2%
Q3 2025+0.4%-0.6%+5.5%
Q2 2025-1.4%-0.8%-0.0%
Q1 2025-1.2%-0.8%+3.5%
Q4 2024+2.7%+2.6%+6.9%
Q3 2024-6.2%-3.9%+3.6%
Q2 2024-13.8%-11.3%-9.1%
Q1 2024-6.9%-3.9%+2.1%
Q4 2023+2.4%+2.9%+10.6%
Q3 2023-1.1%+1.7%+12.0%
Q2 2023+0.2%-2.2%+0.2%
Q1 2023-12.3%-13.1%-10.2%
Q4 2022+1.7%+2.2%+7.0%
Q3 2022+5.9%+7.9%+16.5%
Q2 2022+5.1%+9.0%+14.0%
Q1 2022+3.2%+4.3%-11.0%
Q4 2021+3.6%+6.5%+5.5%
Q3 2021+0.4%+0.1%+7.1%
Q2 2021-0.4%+1.2%+8.9%
Q1 2021+0.2%-1.7%-0.9%
Q4 2020+0.7%+4.1%+6.8%
Q3 2020+3.4%-3.7%+1.8%
Q2 2020-4.3%-6.5%-2.4%
Q1 2020+2.4%+13.4%+8.1%
Q4 2019-2.5%-2.4%-15.2%
Q3 2019+2.9%+8.9%+6.4%
Q2 2019+2.9%+3.7%-1.4%
Q1 2019+3.4%+1.0%-6.3%
Q4 2018-2.9%+1.0%+2.6%
Q3 2018+4.8%+10.8%+14.3%
Q2 2018-2.8%-2.9%+6.5%
Q1 2018-1.5%-1.0%+2.2%
Q4 2017-2.5%-4.5%+4.3%
Q3 2017+1.1%-0.2%+1.5%
Q2 2017-1.2%-3.8%-9.1%
Q1 2017-1.3%-2.2%-8.0%
Q4 2016+0.5%-3.2%-0.3%
Q3 2016+0.7%+2.7%+29.2%
Q2 2016-0.0%-2.3%+1.5%
Q1 2016+0.2%
Q4 2015+4.0%
Q3 2015+2.7%
Q2 2015-8.0%
Q1 2015+4.4%
Q4 2014-8.8%
Q3 2014+5.1%
Q2 2014-0.8%
Q1 2014+2.9%
Q4 2013-8.6%
Q3 2013+1.2%
Q2 2013+3.3%
Q1 2013-0.4%
Q4 2012-4.0%
Q3 2012-2.3%
Q4 2011+4.9%
Q2 2012+4.9%
Q1 2011-1.7%
Q1 2012+0.9%
Q4 2009+2.2%
Q3 2010+1.0%
Q3 2011+1.0%
Q2 2011-1.7%
Q2 2010-1.7%
Q4 2010-1.7%
Q1 2010-4.4%

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