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CASS INFORMATION SYSTEMS INC [CASS] reports annual net loss of $30.1 million
Company Reports Revenue of $126.6 million
CASS INFORMATION SYSTEMS INC [CASS] has reported a net loss of $30.1 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $126.6 million
Based in ST. LOUIS, Missouri, CASS INFORMATION SYSTEMS INC operates in the SERVICES sector.
In the consolidated statements of income for the 12 months ended December 31, 2023, fee revenue and other income totaled $130,467,000 compared to $124,982,000 in the previous period and $109,691,000 in the corresponding period of 2021. This indicates a steady increase in fee revenues over the years.
Interest income also showed significant growth, with a total of $82,760,000 for the current period compared to $62,326,000 in the previous year and $45,497,000 in 2021. This increase can be attributed to higher interest and fees on loans and securities.
