(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Written communications pursuant to Rule 425 under the Securities Act. | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act. | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Exhibit Number | Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
CASS INFORMATION SYSTEMS, INC. | ||||||||
By: | /s/ Eric H. Brunngraber | |||||||
Name: | Eric H. Brunngraber | |||||||
Title: | Chairman, President and Chief Executive Officer | |||||||
By: | /s/ Michael J. Normile | |||||||
Name: | Michael J. Normile | |||||||
Title: | Executive Vice President and Chief Financial Officer |
3rd Quarter | % Change | YTD | % Change | ||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||
Transportation Invoice Volume | 9.3 million | 8.7 million | 7.8 | 27.6 million | 24.2 million | 13.8 | |||||||||||||||||||||||
Transportation Dollar Volume | $9.5 billion | $6.8 billion | 39.8 | $26.4 billion | $19.0 billion | 39.0 | |||||||||||||||||||||||
Facility-related Transaction Volume* | 6.7 million | 7.1 million | (6.2) | 20.5 million | 20.3 million | 0.8 | |||||||||||||||||||||||
Facility-related Dollar Volume* | $4.2 billion | $3.6 billion | 17.2 | $11.6 billion | $10.1 billion | 14.5 | |||||||||||||||||||||||
Revenues | $38.7 million | $35.7 million | 8.2 | $114.2 million | $107.8 million | 5.9 | |||||||||||||||||||||||
Net Income | $6.8 million | $5.8 million | 17.7 | $20.9 million | $18.8 million | 11.4 | |||||||||||||||||||||||
Diluted Earnings per Share | $.48 | $.40 | 20.0 | $1.45 | $1.29 | 12.4 |
Quarter Ended September 30, 2021 | Quarter Ended September 30, 2020 | Nine Months Ended September 30, 2021 | Nine Months Ended September 30, 2020 | ||||||||||||||||||||
Transportation Invoice Volume | 9,333 | 8,660 | 27,581 | 24,234 | |||||||||||||||||||
Transportation Dollar Volume | $ | 9,540,408 | $ | 6,822,565 | $ | 26,385,936 | $ | 18,987,243 | |||||||||||||||
Facility-related Transaction Volume | 6,675 | 7,117 | 20,498 | 20,330 | |||||||||||||||||||
Facility-related Dollar Volume | $ | 4,215,044 | $ | 3,595,586 | $ | 11,590,437 | $ | 10,118,270 | |||||||||||||||
Payment and Processing Fees | $ | 26,877 | $ | 24,376 | $ | 78,441 | $ | 72,540 | |||||||||||||||
Net Interest Income | 11,432 | 10,814 | 32,588 | 33,348 | |||||||||||||||||||
(Provision for) Release of Credit / Loan Losses | (340) | — | 870 | (725) | |||||||||||||||||||
(Loss) Gain on Sales of Securities | (1) | — | 44 | 1,069 | |||||||||||||||||||
Other | 701 | 556 | 2,254 | 1,592 | |||||||||||||||||||
Total Revenues | $ | 38,669 | $ | 35,746 | $ | 114,197 | $ | 107,824 | |||||||||||||||
Personnel | $ | 23,283 | $ | 22,521 | $ | 68,689 | $ | 65,839 | |||||||||||||||
Occupancy | 953 | 930 | 2,859 | 2,809 | |||||||||||||||||||
Equipment | 1,700 | 1,648 | 5,028 | 4,900 | |||||||||||||||||||
Other | 4,754 | 3,581 | 12,442 | 11,418 | |||||||||||||||||||
Total Operating Expenses | $ | 30,690 | $ | 28,680 | $ | 89,018 | $ | 84,966 | |||||||||||||||
Income from Operations before Income Taxes | $ | 7,979 | $ | 7,066 | $ | 25,179 | $ | 22,858 | |||||||||||||||
Income Tax Expense | 1,174 | 1,285 | 4,277 | 4,093 | |||||||||||||||||||
Net Income | $ | 6,805 | $ | 5,781 | $ | 20,902 | $ | 18,765 | |||||||||||||||
Basic Earnings per Share | $ | .48 | $ | .40 | $ | 1.47 | $ | 1.31 | |||||||||||||||
Diluted Earnings per Share | $ | .48 | $ | .40 | $ | 1.45 | $ | 1.29 | |||||||||||||||
Average Earning Assets | $ | 2,036,297 | $ | 1,734,680 | $ | 1,965,977 | $ | 1,616,090 | |||||||||||||||
Net Interest Margin | 2.32 | % | 2.59 | % | 2.31 | % | 2.87 | % | |||||||||||||||
Allowance for Credit Losses /Allowance for Loan Losses to Loans | 1.32 | % | 1.20 | % | 1.32 | % | 1.20 | % | |||||||||||||||
Non-performing Loans to Total Loans | — | — | — | — | |||||||||||||||||||
Net Loan (Recoveries) / Charge-offs to Loans | — | — | — | — |
Cover |
Oct. 21, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Oct. 21, 2021 |
Entity Registrant Name | CASS INFORMATION SYSTEMS, INC. |
Entity Incorporation, State or Country Code | MO |
Entity File Number | 000-20827 |
Entity Tax Identification Number | 43-1265338 |
Entity Address, Address Line One | 12444 Powerscourt Drive |
Entity Address, Address Line Two | Suite 550 |
Entity Address, City or Town | St. Louis |
Entity Address, State or Province | MO |
Entity Address, Postal Zip Code | 63131 |
City Area Code | 314 |
Local Phone Number | 506-5500 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.50 per share |
Trading Symbol | CASS |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0000708781 |
Amendment Flag | false |
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