CASS INFORMATION SYSTEMS, INC. CASS Income Statement

Cass information systems, inc. (CASS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Fee Revenue and Other Income:
Information services payment and processing revenue
25,503	26,903	27,741	26,852	26,457	26,113	26,020	25,221	24,827	23,990	23,761	23,282	22,289	21,551	21,737	20,880	19,545	19,724	19,781	19,699	19,418	19,733	19,743	19,554	18,397	18,383	18,398	17,448	16,576	16,983	16,600	16,625	16,487	15,316	15,806	15,219	14,347	13,895	13,533
Bank service fees
410	402	307	301	376	341	300	359	335	351	327	389	282	345	284	289	358	315	308	299	301	297	279	271	285	311	298	302	304	364	299	311	298	318	302	382	352	367	298
Gains on sales of securities
1,069	0	0	8	11	0	0	-55	13	-	0	0	0	0	0	79	308	0	1,271	690	949	0	23	0	0	21	866	1,684	1,453	234	267	1,168	966	-5	0	48	0	0	0
Other
113	117	214	211	169	173	115	115	199	393	119	129	200	130	127	209	294	145	154	150	164	127	178	127	893	130	133	133	132	136	135	133	132	133	339	134	133	139	137
Total fee revenue and other income
27,095	27,422	28,262	27,372	27,013	26,627	26,435	25,640	25,374	24,734	24,207	23,800	22,771	22,026	22,148	21,457	20,505	20,184	21,514	20,838	20,832	20,157	20,223	19,952	19,575	18,845	19,695	19,567	18,465	17,717	17,301	18,237	17,883	15,762	16,447	15,783	14,832	14,401	13,968
Interest Income:
Interest and fees on loans
9,001	8,897	9,548	9,387	8,629	8,645	8,367	7,923	7,542	7,375	7,209	7,104	6,953	7,352	7,264	7,316	7,131	7,141	7,086	7,356	7,086	7,460	7,486	7,475	7,305	7,587	7,765	8,343	8,415	8,804	8,819	8,962	8,940	9,306	9,827	10,129	10,253	10,182	9,871
Interest and dividends on securities:
Taxable
560	604	612	639	642	676	618	489	321	286	107	84	77	74	36	21	12	18	5	12	3	12	3	9	5	14	5	18	11	21	16	13	10	17	6	13	5	3	11
Exempt from federal income taxes
1,819	1,883	1,925	1,994	2,037	2,055	2,111	2,332	2,565	2,574	2,605	2,659	2,601	2,441	2,386	2,437	2,394	2,464	2,371	2,322	2,303	2,397	2,353	2,352	2,310	2,242	2,151	2,141	2,333	2,490	2,435	2,443	2,510	2,543	2,475	2,498	2,477	2,154	2,151
Interest on federal funds sold and other short-term investments
958	1,335	1,581	1,307	1,589	1,534	1,119	769	860	746	744	485	368	291	299	236	240	151	119	113	160	152	149	139	152	173	161	121	97	104	125	112	129	176	186	155	169	150	98
Total interest income
12,338	12,719	13,666	13,327	12,897	12,910	12,215	11,513	11,288	10,981	10,665	10,332	9,999	10,158	9,985	10,010	9,777	9,774	9,581	9,803	9,552	10,021	9,991	9,975	9,772	10,016	10,082	10,623	10,856	11,419	11,395	11,530	11,589	12,042	12,494	12,795	12,904	12,489	12,131
Interest Expense:
Interest on deposits
963	1,204	1,392	1,305	1,290	1,234	1,029	794	679	666	571	470	480	507	505	504	513	501	498	521	591	603	604	628	625	729	722	694	687	765	785	760	838	983	1,060	1,125	1,206	1,249	1,199
Interest on short-term borrowings
2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,206	-	-
Net interest income
11,373	11,513	12,274	12,022	11,607	11,676	11,186	10,719	10,609	10,315	10,094	9,862	9,519	9,651	9,480	9,506	9,264	9,273	9,083	9,282	8,961	9,418	9,387	9,347	9,147	9,287	9,360	9,929	10,169	10,654	10,610	10,770	10,751	11,059	11,434	11,670	11,698	11,240	10,932
Provision for loan losses
325	0	0	0	250	-	-	-	-	-	0	0	0	-500	0	0	-1,000	-850	0	0	0	0	0	0	0	0	0	300	200	1,600	0	600	200	300	550	850	450	950	1,150
Net interest income after provision for loan losses
11,048	11,513	12,274	12,022	11,357	11,676	11,186	10,719	10,609	10,315	10,094	9,862	9,519	10,151	9,480	9,506	10,264	10,123	9,083	9,282	8,961	9,418	9,387	9,347	9,147	9,287	9,360	9,629	9,969	9,054	10,610	10,170	10,551	10,759	10,884	10,820	11,248	10,290	9,782
Total net revenue
38,143	38,935	40,536	39,394	38,370	38,303	37,621	36,359	35,983	35,049	34,301	33,662	32,290	32,177	31,628	30,963	30,769	30,307	30,597	30,120	29,793	29,575	29,610	29,299	28,722	28,132	29,055	29,196	28,434	26,771	27,911	28,407	28,434	26,521	27,331	26,603	26,080	24,691	23,750
Operating Expense:
Salaries and employee benefits
22,427	22,489	23,514	22,803	22,277	22,163	21,747	21,589	20,382	19,955	19,423	19,162	18,799	18,314	18,319	18,102	17,846	17,684	17,761	17,543	17,326	16,934	16,515	16,464	16,187	16,724	16,460	16,280	16,258	15,585	15,919	15,498	15,561	14,296	14,425	14,146	13,706	13,026	12,683
Occupancy
941	988	973	998	959	969	975	925	854	846	903	889	842	830	860	866	834	835	872	856	837	827	783	756	806	765	765	735	609	569	497	559	532	532	581	557	648	658	611
Equipment
1,635	1,565	1,554	1,552	1,469	1,460	1,434	1,408	1,308	1,325	1,242	1,200	1,304	1,162	1,124	1,110	1,055	1,083	1,067	1,070	1,071	1,038	945	1,121	1,026	1,009	970	923	908	890	879	884	863	944	886	848	847	887	916
Amortization of intangible assets
215	204	150	102	107	111	110	111	110	110	110	108	99	103	101	102	102	102	103	102	101	121	121	121	120	120	121	147	147	148	147	147	139	27	26	27	27	26	27
Other operating expense
3,711	5,527	4,372	4,516	3,650	5,041	4,264	3,430	3,528	3,906	3,364	3,542	3,274	3,538	3,147	2,879	3,079	2,497	2,831	3,069	2,973	2,967	2,832	2,844	2,886	2,678	3,068	2,932	2,467	2,631	2,487	3,152	3,246	3,548	2,995	3,057	2,906	2,501	2,613
Total operating expense
28,929	30,773	30,563	29,971	28,462	29,744	28,530	27,463	26,182	26,142	25,042	24,901	24,318	23,947	23,551	23,059	22,916	22,201	22,634	22,640	22,308	21,887	21,196	21,306	21,025	21,296	21,384	21,017	20,389	19,823	19,929	20,240	20,341	19,347	18,913	18,635	18,134	17,098	16,850
Income before income tax expense
9,214	8,162	9,973	9,423	9,908	8,559	9,091	8,896	9,801	8,907	9,259	8,761	7,972	8,230	8,077	7,904	7,853	8,106	7,963	7,480	7,485	7,688	8,414	7,993	7,697	6,836	7,671	8,179	8,045	6,948	7,982	8,167	8,093	7,174	8,418	7,968	7,946	7,593	6,900
Income tax expense
1,669	1,791	1,787	1,739	1,745	1,502	1,481	1,387	1,709	3,576	2,396	2,248	1,665	1,806	1,855	2,035	2,020	2,017	2,083	1,932	1,946	1,902	2,013	1,958	1,886	1,582	1,533	2,106	2,013	1,607	1,890	2,205	2,185	1,683	2,358	2,229	2,227	2,013	2,000
Net income
7,545	6,371	8,186	7,684	8,163	7,057	7,610	7,509	8,092	5,331	6,863	6,513	6,307	6,424	6,222	5,869	5,833	6,089	5,880	5,548	5,539	5,786	6,401	6,035	5,811	5,254	6,138	6,073	6,032	5,341	6,092	5,962	5,908	5,491	6,060	5,739	5,719	5,580	4,900
Basic earnings per share
0.52	-55.98	57.00	0.53	0.56	-51.00	52.00	0.51	0.55	0.10	0.56	0.53	0.51	0.04	0.56	0.53	0.52	0.36	0.52	0.49	0.48	0.50	0.56	0.52	0.51	0.45	0.54	0.53	0.53	0.47	0.53	0.53	0.52	0.33	0.59	0.56	0.55	0.60	0.52
Diluted earnings per share
0.52	-55.00	56.00	0.52	0.55	-50.01	51.00	0.50	0.54	0.10	0.55	0.52	0.51	0.05	0.55	0.52	0.51	0.35	0.51	0.48	0.48	0.49	0.55	0.52	0.50	0.45	0.53	0.52	0.52	0.46	0.53	0.52	0.51	0.33	0.58	0.55	0.55	0.59	0.52