Cass Information Systems Inc (CASS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
12444 POWERSCOURT DRIVE ST. LOUIS, MO 63131 |
| State of Incorp. | MO |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 372,468 | 200,942 | 514,928 | 670,528 | 203,954 | 230,933 | |||
| Cash and cash equivalent | 20,908 | 20,995 | 12,301 | 670,528 | 203,954 | 230,933 | |||
| Short-term investments | 351,560 | 179,947 | 502,627 | ||||||
| Receivables | 891,676 | 772,638 | 721,587 | ||||||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | 1,014,318 | 1,082,906 | ✕ | ✕ | ✕ | |||
| Total current assets: | 1,386,786 | 1,283,848 | 514,928 | 1,562,204 | 976,592 | 952,520 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,100 | 9,200 | 4,421 | 5,848 | ✕ | ||||
| Property, plant and equipment | 30,093 | 19,958 | 18,113 | 18,057 | 20,527 | 22,031 | |||
| Intangible assets, net (including goodwill), including: | 27,936 | 27,936 | 22,978 | 17,685 | 18,543 | 14,123 | |||
| Goodwill | 17,309 | 17,309 | 14,262 | 14,262 | 14,262 | 12,569 | |||
| Intangible assets, net (excluding goodwill) | 3,345 | 4,126 | 2,564 | 3,423 | 4,281 | 1,554 | |||
| Other undisclosed intangible assets, net (including goodwill) | 7,282 | 6,501 | 6,152 | ||||||
| Total noncurrent assets: | 66,129 | 57,094 | 45,512 | 35,742 | 44,918 | 36,154 | |||
| Other undisclosed assets | 1,025,707 | 1,232,081 | 1,994,461 | 605,289 | 742,733 | 706,502 | |||
| TOTAL ASSETS: | 2,478,622 | 2,573,023 | 2,554,901 | 2,203,235 | 1,764,243 | 1,695,176 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 18,000 | ||||||||
| Total current liabilities: | 18,000 | ||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 835,386 | 684,295 | 694,360 | ||||||
| Accounts payable and accrued liabilities | 835,386 | 684,295 | 694,360 | ||||||
| Total noncurrent liabilities: | 835,386 | 684,295 | 694,360 | ||||||
| Other undisclosed liabilities | 2,248,813 | 2,366,698 | 2,309,103 | 1,106,689 | 817,758 | 770,968 | |||
| Total liabilities: | 2,248,813 | 2,366,698 | 2,309,103 | 1,942,075 | 1,520,053 | 1,465,328 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 229,809 | 206,325 | 245,798 | 261,160 | 244,190 | 229,848 | |||
| Common stock | 7,753 | 7,753 | 7,753 | 7,753 | |||||
| Treasury stock, value | (84,264) | (81,211) | (78,904) | (50,515) | (45,381) | (39,974) | |||
| Additional paid in capital | 208,007 | 207,422 | 204,276 | 204,875 | 205,397 | 205,770 | |||
| Accumulated other comprehensive income (loss) | (47,469) | (59,321) | 453 | (15) | (13,920) | (18,872) | |||
| Retained earnings | 145,782 | 131,682 | 112,220 | 99,062 | 90,341 | 75,171 | |||
| Other undisclosed equity, attributable to parent | 7,753 | 7,753 | |||||||
| Total equity: | 229,809 | 206,325 | 245,798 | 261,160 | 244,190 | 229,848 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,478,622 | 2,573,023 | 2,554,901 | 2,203,235 | 1,764,243 | 1,695,176 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 197,511 | 182,476 | 154,147 | 144,956 | 157,235 | 148,266 | ||
| Net investment income | 69,040 | 55,897 | 44,771 | 46,461 | 46,797 | 43,644 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (1,350) | (645) | (250) | |||||
| Gross profit: | 197,511 | 181,126 | 154,147 | 144,311 | 156,985 | 148,266 | ||
| Operating expenses | (14,145) | (10,610) | (13,990) | (12,193) | (14,050) | (13,114) | ||
| Other operating expense, net (Other Expenses) | (10,551) | (7,950) | (23) | (1,088) | (2,404) | (1,963) | ||
| Operating income: | 172,815 | 162,566 | 140,134 | 131,030 | 140,531 | 133,189 | ||
| Interest and debt expense | (16,266) | (3,482) | (1,171) | (2,362) | (5,193) | (3,736) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (98,327) | (97,872) | (93,106) | |||||
| Income from continuing operations before equity method investments, income taxes: | 156,549 | 159,084 | 138,963 | 30,341 | 37,466 | 36,347 | ||
| Other undisclosed loss from continuing operations before income taxes | (119,193) | (116,184) | (105,142) | |||||
| Income from continuing operations before income taxes: | 37,356 | 42,900 | 33,821 | 30,341 | 37,466 | 36,347 | ||
| Income tax expense | (7,297) | (7,996) | (5,217) | (5,165) | (7,062) | (6,079) | ||
| Income from continuing operations: | 30,059 | 34,904 | 28,604 | 25,176 | 30,404 | 30,268 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 28,604 | 25,176 | 30,404 | 30,268 | |
| Net income available to common stockholders, diluted: | 30,059 | 34,904 | 28,604 | 25,176 | 30,404 | 30,268 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 30,059 | 34,904 | 28,604 | 25,176 | 30,404 | 30,268 | ||
| Other comprehensive income (loss) | 1,943 | 1,146 | 8,658 | 13,905 | 4,952 | (5,552) | ||
| Comprehensive income: | 32,002 | 36,050 | 37,262 | 39,081 | 35,356 | 24,716 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 9,909 | (60,920) | (8,190) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 41,911 | (24,870) | 29,072 | 39,081 | 35,356 | 24,716 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.