Cass Information Systems Inc
cassinfo.comWhat Do They Do?
Processes freight and facility invoices and payments and provides related information services to large corporations. Its bank serves businesses and faith-based organizations.
10-K for FY2025, filed Mar 6, 2026Cass Information Systems, Inc. (“Cass” or the “Company”) provides payment and information processing services to large manufacturing…View ↗
Cass is an information services company with a primary focus on processing payables and payables-related transactions for large…View ↗
The Bank is organized as a Missouri trust company with banking powers and was founded in 1906. The Company was originally classified as a…View ↗
How Do They Make Money?
Large corporate clients pay per invoice processed or monthly for processing, and pay fees when Cass makes invoice payments; Cass also earns income by investing balances held during payment processing. The bank earns mainly the difference between interest on loans and investments and interest paid on deposits, plus service fees.
10-K for FY2025, filed Mar 6, 2026The specific payment and information processing services provided to each customer are developed individually to meet each customer’s…View ↗
Processing fees – The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of…View ↗
Financial fees – The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are…View ↗
-
10-K for FY2025, filed Mar 6, 2026
FY2025 revenue by reportable segment ↗
$190.8M
-
10-K for FY2025, filed Mar 6, 2026
$190.8M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Information Services
|
81%
FY2022: 81%
|
Information Services, FY2025
$154.5M Sources
|
|
Banking Services
|
20%
FY2022: 21%
|
Banking Services, FY2025
$37.8M Sources
|
Who Are Their Customers?
Cass serves large manufacturing, distribution and retail companies through payment and information services; its bank serves businesses, restaurant franchises and faith-based ministries. Energy service providers market Cass's facility-payment services.
10-K for FY2025, filed Mar 6, 2026Cass Information Systems, Inc. (“Cass” or the “Company”) provides payment and information processing services to large manufacturing…View ↗
The Company, through its Transportation Information Services business unit, is one of the largest firms in the transportation bill…View ↗
The Bank is organized as a Missouri trust company with banking powers and was founded in 1906. The Company was originally classified as a…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2025 and turned 17 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
Growing. Revenue grew 24% in 4 years, from $154.1M in FY2021 to $190.8M in FY2025, about 5% a year.
Telecom business sold
The older report included telecom expense management solutions among Cass's services; the latest report says it sold that business unit to Asignet.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Mar 6, 2026Cass Information Systems, Inc. (“Cass” or the “Company”) provides payment and information processing services to large manufacturing…View ↗
On April 7, 2025, the Company signed an Asset Purchase Agreement providing for the sale of its telecom expense management and managed…View ↗
Loading...
