Cass Information Systems reports Q EPS 61c one estimate 48c

Reports Q4 revenue $50.7M, one estimate $48.33M. Reports Q4 : Return on average equity of 16.06%. Increase in net interest margin to 3.30% from 3.15%. Increase in facility expense transaction volumes of 9.7% Maintained exceptional credit quality, with no non-performing… Martin Resch, the Company’s President and Chief Executive Officer, noted, “We began the process of onboarding new facility clients during the fourth quarter, reflecting the success of our Waste Invoice Management and Utility Bill Management solutions. This success is reflected in the 9.7% growth in facility transaction volumes which should continue to accelerate in the first and second quarters of 2024.” Resch added, “While we continue to experience challenges related to the ongoing freight recession and its impact on payment float and financial fees, our recent technology investments should place us in a good position to grow clients and transactions in a highly efficient manner.”