Cass Information Systems (NASDAQ:CASS), a leading provider of integrated information and payment management solutions, delivered robust first-quarter results for 2026, highlighted by double-digit earnings growth and significantly improved lending spreads.
The St. Louis-based company reported net income of $8.8 million, or $0.67 per diluted share.
On an adjusted basis, earnings per share reached $0.66, representing a 26.9% increase over the first quarter of 2025.
The quarter’s performance was underpinned by a sharp rise in net interest margin (NIM), which climbed to 3.95%.
This expansion reflects the company's successful navigation of the interest rate environment and the strength of its non-interest-bearing deposit base.
Operational momentum also remained healthy, with facility dollar volumes—a key indicator of the company's processing activity—growing 7.4% compared to the prior-year period.
In addition to strong operational results, Cass continued its commitment to capital returns.
The Board of Directors approved a regular quarterly dividend of $0.32 per share, payable in June 2026.
Furthermore, the company remained active in the open market, repurchasing 64,802 shares of its common stock during the quarter at an average price of $44.34.