Cass Information Systems Declares $0.32 Quarterly Dividend
Cass Information Systems, Inc. (NASDAQ: CASS), a payment management and information solutions provider, declared a second quarter dividend of $0.32 per share. The board approved the distribution on April 21, 2026.
Cass Information Systems, Inc. (NASDAQ: CASS), a leading provider of integrated information and payment management solutions, declared a second quarter dividend of $0.32 per share. The company's board of directors approved the distribution on April 21, 2026. Read more dividend announcements.
Shareholders of record on June 5, 2026 will receive the dividend payment on June 15, 2026. The quarterly dividend represents a continuation of the company's regular distribution program.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.32 |
| Record Date | June 5, 2026 |
| Payment Date | June 15, 2026 |
First Quarter Performance Drives Distribution
The dividend declaration accompanied the company's first quarter 2026 earnings report, which showed strong expense control and net interest margin expansion. Cass reported net income of $8.8 million for the quarter.
The St. Louis-based company disbursed over $94 billion annually on behalf of clients and maintained total assets of $2.5 billion at quarter end. Transportation dollar volumes increased 4.5% while facility dollar volumes rose 7.4% compared to the prior year period.
Capital Management Activity
Shareholders' equity decreased $1.2 million compared to December 31, 2025. The decline resulted from stock repurchases of $2.9 million, dividend payments of $4.1 million, and an increase in accumulated other comprehensive loss of $3.4 million, partially offset by the quarter's net income.
The company repurchased 64,802 shares of common stock during the first quarter. Management anticipates further repurchases in coming quarters with an overall objective of maintaining a leverage ratio of approximately 10.00%.
Balance Sheet Expansion
Average deposits increased $36.6 million, or 3.5%, when compared to the first quarter of 2025. Average accounts and drafts payable, which are non-interest bearing, increased $100.1 million, or 9.3%, primarily reflecting the increase in transportation and facility dollar volumes.
The company had outstanding borrowings of $145.0 million on its lines of credit at March 31, 2026, primarily to fund a $96.1 million increase in payments in advance of funding compared to year-end 2025. This increase reflected higher demand for the company's quick pay solutions as well as quarter-end timing factors.
Cass expects loan growth of 6% to 8% for full year 2026. Non-performing loans totaled $3.1 million at March 31, 2026, a decrease of $3.9 million compared to December 31, 2025, after receiving a full payoff on one of its three non-performing loans during the quarter.