NASDAQ$CASS

Cass Information Systems Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Cass reported an increase in second quarter diluted EPS and net income, driven by stronger performance in the manufacturing sector and new customer wins.

Cass Information Systems reported a 30% increase in second quarter diluted EPS to $0.48, compared to $0.37 in the same period last year. Net income increased by 29% to $7.0 million. Revenues increased by 13% to $38.4 million, driven by higher transportation and facility-related volumes.

  • Second quarter diluted EPS increased by 30% to $0.48 compared to 2020.
  • Net income for the second quarter increased by 29% to $7.0 million.
  • Transportation invoice volume increased by 30% and dollar volume increased by 57%.
  • Facility-related invoice and dollar volume grew by 2% and 19%, respectively.

Headline financials

Total Revenue

$38.4M

Previous: $33.9M+13.2%
EPS (adj)

$0.48

Previous: $0.37+29.7%
Transportation Invoices

9.5M

Previous: 7.3M+30.2%
Transportation Volume

$8.9B

Previous: $5.7B+56.2%
Net Interest Margin

2.3%

Previous: 2.9%-20.1%
Capital Expenditures

-$1.89M

Previous: -$1.38M-36.4%
Free Cash Flow

$5.14M

Previous: $4.06M+26.7%
Net Income

$7.03M

Previous: $5.44M+29.2%
Operating Income

$36.1M

Previous: $31.9M+13.3%
Gross Profit

$37.6M

Previous: $33.5M+12.2%
Cash & Equivalents

$622M

Previous: $232M+167.8%
Total Assets

$2.27B

Previous: $1.83B+24.2%
Stock-Based Comp

$826K

Previous: $756K+9.3%

Revenue & EPS history

Cass · Revenue · Quarterly

$38.4M

Q2 2021+13.2%vs Q2 2020

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 is contending with historically low interest rates, which suppress their ability to earn interest income on record dollar volumes in transportation. They see transaction and dollar volumes rise throughout their business.

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 Q2 2021

Historical avgQ2 2021

-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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