Cass Information Systems Q2 FY26 net income more than doubled to $10.59 million; revenue rises 12.5% to $49.94 million

Operating expense fell 3.5% to $36.77 million, helped by a $1.8 million bad debt recovery tied to a litigation settlement.

Financial fees increased 7.8% to $10.95 million on a 19.4% rise in average payments in advance of funding to $210.39 million.

Cass Information Systems posted Q2 net income of $10.59 million, up 19.6%, with diluted EPS of $0.81, up 22.7%.

Net revenue rose 12.5% to $49.94 million as net interest income climbed 10.6% to $21.55 million.

Processing fees slipped 3.7% to $16.09 million as transportation invoice volume fell 1.9% to 8,670 and facility-related transactions dropped 3% to 4,018.