CASS Q2 2023 Earnings — Cass Information Systems, Inc. Revenue & Financial Results | Market Cap Arena

CASSCass Information Systems, Inc.

$584M

Q2 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$52M+16.0% YoY

Gross Profit

$46M88.0% margin

Operating Income

$9M17.2% margin

Net Income

$7M13.8% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$3M

Stock-Based Comp.

$909,000

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.3B

Stockholders' Equity

$215M

Cash & Equivalents

$270M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$52M	$45M	+16.0%
Gross Profit	$46M	$39M	+17.4%
Operating Income	$9M	$11M	-15.8%
Net Income	$7M	$9M	-16.6%

Revenue Segments

Information Services

$31M50%

Processing Fees

$19M31%

Financial Fees

$12M19%

Bank Service Fees

$253,0000%