Cass Information Systems Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Net Income Increases to $8.9M, EPS at $0.66, Net Interest Income Up 22.3%
Cass Information Systems Inc. (Nasdaq: CASS) has announced its financial results for the second quarter of 2025. The company reported a net income of $8.9 million, translating to $0.66 per diluted common share. This marks a significant increase from the $4.5 million net income reported in the second quarter of 2024. The return on average equity rose to 15.35%, compared to 8.01% in the same period last year. Transportation invoice volumes slightly declined by 0.5% compared to the second quarter of 2024 but saw a 5.7% increase from the first quarter of 2025. Transportation dollar volumes reached $9.4 billion in the second quarter of 2025, reflecting a 3.2% increase from the second quarter of 2024 and an 8.4% rise from the first quarter of 2025. The average dollars per invoice increased to $1,060 from $1,034 in the same quarter last year. Net interest income saw a notable increase of $3.5 million, or 22.3%, attributed to an improved net interest margin of 3.78%, up from 3.32% in the previous year. Additionally, the company successfully closed the sale of its TEM business, resulting in a gain of $3.6 million, alongside a reduction in goodwill and other intangible assets by $5.1 million. This strategic move is expected to allow Cass to focus on its strengths in financial exchange and information processing.
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