Cass Information Systems (CASS) reported third quarter net income of $2.9 million compared to $7.4 million in the third quarter of 2023. Earnings was $0.21 per share compared to $0.54. The company noted that its net income and earnings per share were negatively impacted by $6.6 million of bad debt expense taken on a funding receivable related to a facility client.
Total fee revenue was $31.23 million compared to $31.54 million, last year. Total revenues increased to $50.55 million from $49.22 million.
The Board of Directors approved an increase in the quarterly dividend from $0.30 to $0.31 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.