CASS INFORMATION SYSTEMS INC

Second Quarter Financial Highlights  Record net income and diluted earnings per share of $10.6 million and $0.81, respectively. Adjusted net income and adjusted diluted earnings per share from continuing operations (non-GAAP) of $9.2 million and $0.71, respectively, increases of 18.1% and 22.4%, respectively, compared to the second quarter of 2025. Increase in net interest margin to 4.00% compared to 3.78% in the second quarter of 2025. Increase in transportation dollar volumes of 7.4% compared to the second quarter of 2025. Decrease in personnel expenses of 2.4% compared to the second quarter of 2025. Continued strong asset quality with no loan charge-offs and an allowance for credit losses to loans ratio of 1.30%. In addition, reduced non-performing loans by $5.3 million, or 76.4%, as compared to December 31, 2025. Received a bad debt recovery of $1.8 million. Repurchased 65,557 shares of Company stock at a weighted average price of $46.23.

First Quarter Financial Highlights  Net income and diluted earnings per share of $8.8 million and $0.67, respectively. Adjusted net income and adjusted diluted earnings per share from continuing operations of $8.7 million and $0.66, respectively, increases of 23.7% and 26.9%, respectively, compared to the prior year quarter. Increase in net interest margin to 3.95%, compared to 3.75% in the prior year quarter. Increase in facility dollar volumes of 7.4% compared to the prior year quarter. Personnel expense levels flat compared to the prior year quarter as a result of ongoing automation and efficiency initiatives. Continued strong asset quality with no loan charge-offs and an allowance for credit losses to loans ratio of 1.27%. In addition, reduced non-performing loans by $3.9 million, or 55.1% as compared to December 31, 2025. Repurchased 64,802 shares of Company stock at a weighted average price of $44.34.

ST. LOUIS-(GLOBE NEWSWIRE) - April 22, 2026 - Cass Information Systems, Inc. (Nasdaq: CASS), a leading provider of payment processing and information solutions, today announced changes to its Board of Directors, effective April 21, 2026. John J. Drabik was elected as a member of the Board and also appointed to serve on the Company’s Audit and Risk Committee. Mr. Drabik is Executive Vice President and Chief Financial Officer of Energizer Holdings, Inc., where he oversees global finance, accounting, investor relations and information technology. He has been with Energizer and its predecessor organization since 2001 and has held senior leadership roles across corporate development, treasury, and accounting, including playing a key role in the company’s spin-off and its growth as a stand-alone public company.Prior to Energizer, Mr. Drabik began his career in public accounting at Arthur Andersen and later worked in the import/export division of May Department Stores. He holds a Bachelor of Science in Accountancy from the University of Missouri and an MBA from Washington University in St. Louis.“John brings deep financial expertise and public company leadership experience that will strengthen our Board,” said Martin Resch, President and Chief Executive Officer of Cass Information Systems, Inc. “We are pleased to welcome him to Cass.”The Company also announced that Sally H. Roth, James J. Lindemann, and Ralph W. Clermont retired from the Board of Directors after not standing for re-election at the Annual Meeting of Shareholders.Sally H. Roth (Sally) served as a director since 2019. Sally’s extensive career in banking has added substantial value to the Company, not only to the Board and its’ Nominating and Corporate Governance Committee, but also through her tenure on the Executive Loan Committee of Cass Commercial Bank.Ralph W. Clermont (Ralph) served as a director since 2015. Ralph has served the Company in a variety of committee memberships since his Board appointment, including as Chairman of the Audit and Risk Committee and member of the Nominating and Corporate Governance Committee. Ralph’s strategic guidance has been invaluable to the Company during his directorship.James L. Lindemann (Jim) served as a director since 2007. Jim’s distinguished career at Emerson Electric allowed him to bring valuable perspective to the Company from both strategic and governance standpoints. Jim served as Chairman of the Company’s Compensation Committee, providing valuable guidance on the compensation plans, policies and overall programs of the Company.“We are grateful for the many contributions and years of service Sally, Ralph, and Jim have made to Cass,” said Eric H. Brunngraber, Chairman of the Board. “Their contributions have meaningfully influenced the Company, and we are grateful for their leadership and commitment.” About Cass Information Systems Cass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control, and efficiency across their supply chains, communications networks, facilities, and other operations. Disbursing over $94 billion annually on behalf of its clients, and with total assets of $2.5 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly owned subsidiary, Cass Commercial Bank provides sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®. More information is available at www.cassinfo.com.

ST. LOUIS-(BUSINESS WIRE) - Mar. 30, 2026 - Cass Information Systems, Inc. (Nasdaq: CASS), a leading provider of information and payment management solutions, announced today that Eric Giering has been named President of Cass Commercial Bank, its commercial banking subsidiary. Giering succeeds Dwight D. Erdbruegger, who will retire in September after serving as President of Cass Commercial Bank since July 2018. Under Erdbruegger’s leadership, the Bank strengthened its market position, expanded key lines of business, and continued its long-standing record of conservative credit management and strong financial performance.Giering has served as Director of Commercial Banking since joining Cass Commercial Bank in 2019. During his tenure, he has played a key role in advancing the Bank’s commercial banking strategy, supporting growth and strengthening client relationships while maintaining the Bank’s long-standing commitment to disciplined credit practices and sound risk management.“Eric is a proven leader with a deep understanding of our clients, our culture, and our commitment to prudent banking,” said Martin Resch, President and Chief Executive Officer of Cass Information Systems, Inc. “His experience, leadership style, and strategic mindset position him well to continue the Bank’s tradition of stability and thoughtful growth.”Giering brings more than three decades of commercial banking experience, including senior leadership roles at BMO Harris Bank, Commerce Bank, National City Bank, and First of America Bank. His background includes extensive experience in credit risk management, portfolio leadership, and new business development across multiple industries and markets.“I am honored to serve as President of Cass Commercial Bank,” said Giering. “Cass has an exceptional legacy built on integrity, disciplined risk management, and strong relationships. I look forward to working with our talented team to support our clients and continue delivering consistent, long-term value.”Giering holds a Master of Business Administration in Finance from Central Michigan University and a Bachelor of Business Administration in Finance from Western Michigan University.   About Cass Commercial Bank Founded in 1906, Cass Commercial Bank is a St. Louis-based commercial bank providing sophisticated financial services to privately held businesses, companies, faith-based institutions, and nonprofit organizations. The Bank is a member of the Federal Reserve System and is a wholly owned subsidiary of Cass Information Systems, Inc. About Cass Information Systems Cass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control, and efficiency across their supply chains, communications networks, facilities, and other operations. Disbursing tens of billions of dollars annually on behalf of its clients, Cass is uniquely supported by its wholly owned subsidiary, Cass Commercial Bank. Cass is a member of the Russell 2000®. More information is available at www.cassinfo.com.

St. Louis, MO & San Francisco, CA — February 26, 2026 — Cass Information Systems (NASDAQ: Cass), the leading provider of enterprise payment and spend management solutions, today announced a strategic partnership with Caspian, the AI command center for customs refunds. 

Full Year Financial Highlights  Record net income and diluted earnings per share of $35.1 million and $2.61, respectively. Return on average equity and assets of 14.98% and 1.43%, respectively. Increase in net interest income of $13.5 million, or 19.8%. Increase in facility dollar volumes of 14.7%. Increase in average accounts and drafts payable of 14.9%. Salaries and commissions increase limited to 0.4% as a result of a decline in average FTEs of 5.4%. Repurchased 617,415 shares of Company common stock at a weighted average price of $41.59. Fourth Quarter Financial Highlights  Net income and diluted earnings per share of $8.2 million and $0.62, respectively. Adjusted net income and adjusted diluted earnings per share from continuing operations of $9.0 million and $0.68, increases of 32.9% and 38.8% compared to the prior year quarter. Increase in net interest margin to 3.93%, compared to 3.55% in the prior year quarter. Increase in facility dollar volumes of 13.0%. Consolidated Waste and Utility divisions into a single Facility division to drive improved efficiency and client experience. Continued strong asset quality with no loan charge-offs and an allowance for credit losses to loans ratio of 1.28%. In addition, received a full payoff on the Company’s only modified loan of $27.9 million. Repurchased 201,450 shares of Company stock at a weighted average price of $40.59.

Third Quarter Financial Highlights  (All comparisons refer to the third quarter of 2024, except as noted) Net income and diluted earnings per share of $9.1 million and $0.68, respectively. Return on average equity and assets of 15.29% and 1.44%, respectively. Increase in net interest margin to 3.87%, compared to 3.55% in the prior year quarter. Increase in net interest income of $3.4 million, or 19.3%, compared to the prior year quarter. Increase in facility dollar volumes of 13.9% compared to the prior year quarter. Continued strong asset quality with no loan charge-offs and an allowance for credit losses to loans ratio of 1.29%. Repurchased 159,587 shares of Company stock at weighted average price of $41.96. Quarterly dividend increased $0.01 to $0.32 for the fourth quarter of 2025.

ST. LOUIS--(BUSINESS WIRE)--Apr. 8, 2025 - Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) has entered into an Asset Purchase Agreement to sell its Telecom Expense Management & Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider. 

Complimentary Access to SONAR SCI via Cass’s SSO Integration During July and August St. Louis, MO & Chattanooga, TN — July 22, 2025 — Cass Information Systems (NASDAQ: Cass), the leading provider of freight audit and payment services, and FreightWaves SONAR, the premier supply chain intelligence platform, are expanding their strategic partnership to offer enhanced value to mutual customers this summer.

Second Quarter Financial Highlights  (All comparisons refer to the second quarter of 2024, except as noted) Net income of $8.9 million, or $0.66 per diluted common share. Return on average equity and assets of 15.35% and 1.48%, respectively. Increase in net interest margin to 3.78% from 3.32%. Increase in net interest income of $3.5 million, or 22.3%. Closed on sale of the TEM business resulting in a gain on sale of $3.6 million, combined with a reduction of goodwill and other intangible assets of $5.1 million. Sold $34.0 million of corporate investment securities yielding 2.29% at a pretax loss of $3.6 million in an effort to reposition the investment portfolio and improve the net interest margin in future periods. Repurchased 140,269 shares of Company stock at weighted average price of $41.79.