CASS

EX-99.1

2 cass-20260930xexx991.htm

EX-99.1

Document

Exhibit 99.1

Contact: Cass Investor Relations

ir@cassinfo.com

October 22, 2026

Cass Information Systems reports Third Quarter 2026 Results

ST. LOUIS – Cass Information Systems, Inc. (Nasdaq: CASS) (the Company or Cass) today reported its third quarter 2026 earnings.

Strong year-over-year growth in net income and EPS

Continued net interest margin expansion

Third Quarter Financial Highlights

(All comparisons refer to the third quarter of 2025, except as noted)

•Net income and diluted earnings per share of $10.6 million and $0.81, respectively, increases of 16.1% and 19.1%, respectively.

•Return on average equity of 17.46%.

•Increase in net interest margin to 4.02% compared to 3.87%.

•Increase in net interest income of $1.9 million, or 8.9%.

•Increase in financial fees of $1.2 million, or 11.8%.

•Increase in total revenues of $2.6 million, or 5.3%.

•Increase in transportation dollar volumes of 14.5%.

•Increase in average deposits of $79.2 million, or 7.8%.

•Increased quarterly dividend by $0.02 to $0.34 per share for the fourth quarter of 2026.

Martin Resch, the Company’s President and Chief Executive Officer, noted, “We are pleased with our third quarter financial results, reflecting continued profitability growth throughout all of our lines of business.” Resch added, “Recent CassPay and Facilities client wins, combined with higher transportation and facility dollar volumes, present us with an enviable outlook for continued growth in assets, net interest income and financial fees in coming quarters. The improved revenue outlook, when combined with additional technology enhancements designed to improve client experience and reinforce our competitive advantages, should allow for enhanced profitability for the next several quarters.”

Earnings for the third quarter of 2026 are summarized as follows:

($ in thousands, except per share data) Three Months EndedNine Months Ended

9/30/26

6/30/26 3/31/26 12/31/25

9/30/25

9/30/26

9/30/25

Net income from continuing operations$10,568$10,575$8,739$8,189$9,212$29,882$22,922

Net income$10,574$10,587$8,832$8,189$9,106$29,993$26,927

Diluted earnings per share from continuing operations$0.81$0.81$0.66$0.62$0.69$2.28$1.69

Diluted earnings per share$0.81$0.81$0.67$0.62$0.68$2.29$1.99

Return on average equity17.46%17.72%14.63%13.45%15.29%16.60%15.51%

Return on average assets1.60%1.67%1.42%1.28%1.44%1.56%1.48%

Net interest margin 4.02%4.00%3.95%3.93%3.87%3.99%3.80%

($ in thousands, except per share data) Three Months EndedNine Months Ended

9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25

Net income from continuing operations (GAAP)$10,568$10,575$8,739$8,189$9,212$29,882$22,922

Net income adjustments(1) 29(1,326)(4)821(3)(1,301)1,182

Adjusted net income from continuing operations (Non-GAAP) (1) $10,597$9,249$8,735$9,010$9,209$28,581$24,104

Diluted earnings per share from continuing operations (GAAP)$0.81$0.81$0.66$0.62$0.69$2.28$1.69

Adjusted diluted earnings per share from continuing operations (Non-GAAP) (1) $0.81$0.71$0.66$0.68$0.69$2.18$1.78

(1)Refer to explanation of use of non-GAAP financial measures and reconciliation of adjusted net income from continuing operations and adjusted diluted earnings per share from continuing operations as presented later in this earnings release.

Third Quarter 2026 Financial Commentary

(All comparisons refer to the third quarter of 2025, except as noted)

Transportation Invoice and Dollar Volumes - Transportation dollar volumes increased 14.5%. The Company is experiencing rising transportation dollars processed as a result of rising contract freight rates as well as fuel surcharges. The average dollars per traditional freight invoice of $1,115 increased 17.2%. During September 2026, the average dollars per traditional freight invoice was $1,152, exceeding the full third quarter of 2026 level, suggesting that the average dollars per invoice will continue rising into the fourth quarter of 2026. Rising transportation dollar volumes positively impact the overall levels of accounts and drafts payable and payments in advance of funding, and resulting interest income and financial fees.

Facility Expense Invoice and Dollar Volumes – Facility expense invoice volumes of 4.0 million decreased 1.2%, and dollar volumes of $6.6 billion increased 5.5%. The average dollars per invoice of $1,631 increased 6.9% primarily due to rising electricity and gas prices.

Processing Fees – Processing fees decreased $763,000, or 4.6%, due to lower transportation and facility invoice volumes.

Financial Fees – Financial fees, earned on a transactional level basis for invoice payment services when making customer payments, increased $1.2 million, or 11.8%. The increase in financial fees was primarily due to an increase in average payments in advance of funding of 15.8%, in addition to rising financial interchange fees within CassPay.

Net Interest Income – Net interest income i

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