Financial Analysis

"Commitments and Contingencies The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Companys maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. At December 31, 2025, an allowance for unfunded commitments of $419,000 had been recorded, as compared to $273,000 at December 31, 2024. See Note 1 ""Summary of Significant Accounting Policies"" for information related to CECL. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commercial and standby letters of credit are commitments issued by the Company to guarantee the performance of a customer to a third party. These off-balance sheet financial instruments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The approximate remaining terms of commercial and standby letters of credit range from less than one year to five years. Since these financial instruments may expire without being drawn upon, the total amounts do not necessarily represent f …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Unused Available Lines of Credit As of December 31, 2025, the Bank had unsecured lines of credit at six correspondent banks to purchase federal funds up to a maximum of $83.0 million in aggregate. As of December 31, 2025, the Bank had secured lines of credit with the Federal Home Loan Bank of $239.9 million collateralized by commercial mortgage loans. As of December 31, 2025, the Company had lines of credit from three banks up to a maximum of $225.0 million in aggregate collateralized by state and political subdivision investment securities. There were no amounts outstanding as of December 31, 2025 and 2024 under any of the lines of credit.

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The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope for the years ended December 31, 2025, 2024 and 2023. For the Years Ended December 31, (In thousands) 2025 2024 2023 Fee revenue and other income In-scope of ASC 606 Processing fees $ 66,129 $ 66,061 $ 59,670 Financial fees 40,398 42,584 45,339 Information services payment and processing revenue 106,527 108,645 105,009 Bank service fees 1,470 1,284 1,063 Fee revenue (in-scope of ASC 606) 107,997 109,929 106,072 Other income (out-of-scope of ASC 606) 5,395 3,963 4,026 Loss on sale of investment securities (3,534) (45) (173) Total fee revenue and other income $ 109,858 $ 113,847 $ 109,925

DisaggregationOfRevenueTableTextBlock

"Share-based Compensation Share-based compensation awards prior to April 17, 2023 were issued under the Company's Amended and Restated Omnibus Stock and Performance Compensation Plan (the ""Prior Plan""). On April 18, 2023, shareholders approved the 2023 Omnibus Stock and Performance Compensation Plan (the ""2023 Omnibus Plan"") to replace the Prior Plan. The 2023 Omnibus Plan permits the issuance of up to 1.0 million shares of the Companys common stock in the form of stock options, SARs, restricted stock, restricted stock units, phantom stock, and performance awards. Restricted Stock Restricted shares granted to Company employees are amortized to expense over the three-year cliff vesting period. Restricted shares granted to members of the Board of Directors are amortized to expense over a one-year service period, with the exception of those shares granted in lieu of cash payments for retainer fees which are expensed in the period earned. Changes in restricted shares outstanding for the year ended December 31, 2025 were as follows: Shares Weighted Average Grant Date Fair Value Balance at December 31, 2024 254,808 $ 42.87 Granted 66,779 40.94 Vested (43,526) 39.62 Forfeited (4,518) 45.01 Balance at December 31, 2025 273,543 $ 42.88 During 2024 and 2023, 57,502 and 57,837 shares, respectively, were granted with weighted average per share market values at date of grant of $44.01 in 2024 and $44.61 in 2023. The fair value of such shares are based on the market price on the date o …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Disclosures about Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Companys financial instruments: December 31, 2025 2024 (In thousands) Carrying Amount Fair Value Carrying Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 392,268 $ 392,268 $ 349,728 $ 349,728 Investment securities 770,772 770,772 528,021 528,021 Loans, net 1,047,620 1,044,045 1,068,594 1,046,406 Accrued interest receivable 9,170 9,170 7,979 7,979 Total $ 2,219,830 $ 2,216,255 $ 1,954,322 $ 1,932,134 Balance sheet liabilities: Deposits $ 1,200,033 $ 1,200,033 $ 967,916 $ 967,916 Accounts and drafts payable 1,124,858 1,124,858 1,129,610 1,129,610 Accrued interest payable 606 606 666 666 Total $ 2,325,497 $ 2,325,497 $ 2,098,192 $ 2,098,192 The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents The carrying amount approximates fair value. Investment Securities The fair value is measured on a recurring basis using Level 2 valuations. Refer to Note 4 - Investment Securities, for fair value and unrealized gains and losses by investment type. Loans The fair value is estimated using present values of future cash flows discounted at risk-adjusted interest rates for each loan category designated by management and is therefore a Level 3 valuation. Management believes that the risk factor embedded in the interes …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Acquired Intangible Assets The Company accounts for intangible assets in accordance with ASC 350, Goodwill and Other Intangible Assets , which requires that intangibles with indefinite useful lives be tested annually for impairment, or when management deems there is a triggering event, and those with finite useful lives be amortized over their useful lives. Details of the Companys intangible assets are as follows: December 31, 2025 December 31, 2024 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortizing intangible assets: Customer lists $ 6,215 $ (5,003) $ 6,314 $ (4,729) Software 5,512 (3,244) 5,412 (2,358) Trade Name 373 (125) 373 (98) Indefinite-lived intangible assets: Goodwill 16,164 16,333 Total intangible assets $ 28,264 $ (8,372) $ 28,432 $ (7,185) Customer lists are amortized over 5 years to 10 years, software over 3 years to 7 years, and trade name over 10 years to 20 years. Amortization of intangible assets amounted to $1.2 million and $692,000 for the years ended December 31, 2025, and 2024, respectively. Estimated future amortization of intangibles is $1.0 million in 2026, $730,000 in 2027 and 2028, $699,000 in 2029, and $197,000 in 2030. …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The components of income tax expense (benefit) are as follows: For the Years Ended December 31, (In thousands) 2025 2024 2023 Current: Federal $ 140 $ 5,162 $ 5,964 State 240 612 1,087 Foreign 71 160 (193) Deferred: Federal 6,244 (891) (242) State 952 (156) (42) Total income tax expense $ 7,647 $ 4,887 $ 6,574 Income tax expense (benefit) broken out between Federal, state and foreign is as follows: For the Years Ended December 31, (In thousands) 2025 2024 2023 Federal $ 6,384 $ 4,271 $ 5,722 State 1,192 456 1,045 Foreign 71 160 (193) Total income tax expense $ 7,647 $ 4,887 $ 6,574 The Company adopted ASU 2023-09 on a prospective basis on January 1, 2025. The following table presents required disclosure pursuant to ASU 2023-09 and reconciles the expected income tax expense (benefit) and effective tax rate, computed by applying the effective statutory rate of 21% for the year ended December 31, 2025 as follows: For the Year Ended December 31, 2025 (In thousands) Amount Percent U.S federal statutory tax rate $ 8,112 21.0 % State and local income taxes, net of federal income tax effect (1) 942 2.4 % Foreign tax effects 71 0.2 % Tax credits (431) (1.1) % Nontaxable or nondeductible items: Tax-exempt income (1,246) (3.3) % Share-based compensation adjustment 160 0.4 % Other, net 39 0.1 % Total income tax expense $ 7,647 19.7 % (1) State taxes in Missouri and California made up the majority (greater than 50%) of the tax effect in this category. The following table pres …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Company leases certain premises under operating leases. As of December 31, 2025, the Company had lease liabilities of $4.5 million and right-of-use assets of $4.4 million. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively. Included in occupancy expense on the consolidated statements of income for 2025 was operating lease cost of $855,000, short-term lease cost of $203,000, and there was no variable lease cost. The Company paid cash of $826,000 for operating lease amounts included in the measurement of lease liabilities for the year ended December 31, 2025. No right-of-use assets were obtained in exchange for lease liabilities during the year ended December 31, 2025. For the year ended December 31, 2025, the weighted average remaining lease term for the operating leases was 6.1 years and the weighted average discount rate used in the measurement of operating lease liabilities was 2.75%. Certain of the Companys leases contain options to renew the lease; however, these renewal options are not included in the calculation of the lease liabilities as they are not reasonably certain to be exercised. A maturity analysis of operating lease liabilities and undiscounted cash flows as of December 31, 2025 is as follows: (In thousands) December 31, 2025 Lease payments due Less than 1 year $ 826 1-2 years 821 2-3 years 769 3-4 years 714 4-5 years 726 Over 5 years 1,048 Total undiscounted cash flows 4,904 Discount on cash …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Impact of New and Not Yet Adopted Accounting Pronouncements In December 2023, the FASB issued 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (""ASU 2023-09""). This ASU requires public business entities to disclose in their rate reconciliation table additional categories of information about federal, state, and foreign income taxes and to provide more details about the reconciling items in some categories if items meet a quantitative threshold. It also requires all entities to disclose income taxes paid, net of refunds, disaggregated by federal, state, and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on a quantitative threshold, among other things. The adoption of ASU 2023-09 was effective for annual periods beginning after December 15, 2024 and can be seen in Note 14 to the consolidated financial statements. In July 2025, the FASB issued Accounting Standards Update 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (""ASU 2025-05""). ASU 2025-05 provides the option to elect a practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses on these assets. ASU 2025-05 is effective for the Company for the fiscal years beginning after December 15, …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Employee Benefit Plans Defined Benefit Plan The Company maintained a noncontributory defined-benefit pension plan (the Plan), covering eligible employees. The Plan was closed to new participants effective December 31, 2016, and Plan benefits were frozen as of February 28, 2021. The Company terminated the Plan during 2024. A summary of the activity in the Plans projected benefit obligation, assets, funded status and amounts recognized in the Companys consolidated balance sheets is as follows: (In thousands) 2025 2024 Projected benefit obligation: Balance, January 1 $ 784 $ 87,127 Interest cost 4,280 Actuarial (gain) loss (6,047) Benefits paid (784) (84,576) Balance, December 31 $ $ 784 Plan assets: Fair value, January 1 $ 2,129 $ 86,754 Actual investment return 60 996 Expenses paid from plan assets (209) (1,045) Transfer to defined contributions plan (1,196) Benefits paid (784) (84,576) Fair value, December 31 $ $ 2,129 Funded status: Accrued pension asset (liability) $ $ 1,345 For 2024, the projected benefit obligation represents actual benefit payments made during the first quarter of 2025. During the fourth quarter of 2024, the plan liabilities were settled with lump sum payments and the purchase of annuity contracts. The remaining projected benefit obligation at December 31, 2024 represented benefit payments to be made to retirees prior to the administration of the Plan being taken over by the insurance company that assumed the annuity contracts in a sale from the Plan. Fo …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Revenue from Contracts with Customers Revenue is recognized as the obligation to the customer is satisfied. The Companys revenue from contracts with clients is as follows: Processing fees The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant variable consideration or financing components. Financial fees The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Bank service fees Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds. Service charges on deposit accounts are transaction-based fees that are recognized at the point in time when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. The following table presents non-interest income, segregated by revenue …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels and are consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy, and allocate resources. They are managed separately due to their unique service and processing requirements. The Company's chief operating decision maker is the President and Chief Executive Officer of Cass Information Systems' Inc. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. As discussed in Note 2 to the consolidated financial statements, the Company applied discontinued operations accounting to the assets and liabilities being sold related to the TEM Business Unit as of and for the years ended December 31, 2025, 2024 and 2023, as applicable. The TEM Business Unit is included in the Information Services operating segment. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Information Service …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies Summary of Operations The Company provides payment and information services, which include processing and payment of transportation, energy, telecommunications and environmental invoices. These services include the acquisition and management of data, information delivery and financial exchange. The consolidated balance sheet captions, Accounts and drafts payable and Payments in advance of funding, represent the Companys resulting financial position related to the payment services that are performed for customers. The Company also provides a full range of banking services to individual, corporate and institutional customers through the Bank, its wholly owned bank subsidiary. Basis of Presentation The accounting and reporting policies of the Company and its subsidiaries conform to U.S. GAAP. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries after elimination of intercompany transactions. Certain amounts in the 2024 and 2023 consolidated financial statements have been reclassified to conform to the 2025 presentation. Such reclassifications have no effect on previously reported net income or shareholders equity. Financial results have been presented on a continuing operations basis for all periods shown, unless otherwise indicated. As such, amounts related to components of the business that meet the criteria for classification as discontinued operations have been excluded from co …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Subsequent Events In accordance with ASC 855, Subsequent Events , the Company has evaluated subsequent events after the consolidated balance sheet date of December 31, 2025, and there were no other events identified that would require additional disclosures to prevent the Companys consolidated financial statements from being misleading. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

"Commitments and Contingencies In the normal course of business, the Company is party to activities that contain credit, market and operational risks that are not reflected in whole or in part in the Companys consolidated financial statements. As more fully described in the Form 10-K, such activities include traditional off-balance sheet credit-related financial instruments. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Companys maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. Commitments to extend credit and letters of credit are subject to the same underwriting standards as those financial instruments included on the consolidated balance sheets. An allowance for unfunded commitments of $339,000 and $273,000 had been recorded at September 30, 2025 and December 31, 2024, respectively. At September 30, 2025, the balances of unfunded commitments, standby and commercial letters of credit were $174.8 million, $11.9 million, and $489,000, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. On March 19, 2024, the Company filed a claim against Rubicon Technologies, I …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

For the Three Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2025 2024 2025 2024 Fee revenue and other income In-scope of FASB ASC 606 Processing fees $ 16,655 $ 16,686 $ 50,206 $ 50,361 Financial fees 10,416 11,017 30,538 32,075 Information services payment and processing revenue 27,071 27,703 80,744 82,436 Bank service fees 372 354 1,058 955 Fee revenue (in-scope of FASB ASC 606) 27,443 28,057 81,802 83,391 Other income (out-of-scope of FASB ASC 606) 1,396 706 3,599 2,557 Gain (loss) on sale of investment securities 4 (3,572) (13) Total fee revenue and other income $ 28,843 $ 28,763 $ 81,829 $ 85,935 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"Share-Based Compensation On February 16, 2023, the Board of Directors adopted the 2023 Omnibus Stock and Performance Compensation Plan (the ""2023 Omnibus Plan""), which was approved by the Company's shareholders on April 18, 2023. The 2023 Omnibus Plan permits the issuance of up to 1.0 million shares of the Companys common stock in the form of stock options, SARs, restricted stock, restricted stock units, phantom stock, and performance awards. During the nine months ended September 30, 2025, 65,294 time-based restricted shares and 56,339 performance-based restricted shares were granted under the 2023 Omnibus Plan. Share-based compensation expense was $1.0 million and $3.2 million for the three and nine months ended September 30, 2025, respectively, and $863,000 and $2.5 million for the three and nine months ended September 30, 2024, respectively. Restricted Stock Restricted shares granted to Company employees are amortized to expense over a three-year cliff vesting period, or until vesting occurs upon retirement. Restricted shares granted to members of the Board of Directors are amortized to expense over a one-year service period, with the exception of those shares granted in lieu of cash payments for retainer fees which are expensed in the period earned. As of September 30, 2025, the total unrecognized compensation expense related to non-vested restricted shares was $2.3 million, and the related weighted-average period over which it is expected to be recognized is approxim …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Companys financial instruments: September 30, 2025 December 31, 2024 (In thousands) Carrying Amount Fair Value Carrying Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 258,634 $ 258,634 $ 349,728 $ 349,728 Investment securities 717,369 717,369 528,021 528,021 Loans, net 1,074,281 1,065,604 1,068,594 1,046,406 Accrued interest receivable 9,558 9,558 7,979 7,979 Total $ 2,059,842 $ 2,051,165 $ 1,954,322 $ 1,932,134 Balance sheet liabilities: Deposits $ 1,034,660 $ 1,034,660 $ 967,916 $ 967,916 Accounts and drafts payable 1,130,371 1,130,371 1,129,610 1,129,610 Accrued interest payable 971 971 666 666 Total $ 2,166,002 $ 2,166,002 $ 2,098,192 $ 2,098,192 The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents - The carrying amount approximates fair value. Investment Securities - The fair value is measured on a recurring basis using Level 2 inputs including observable trade data, market data, etc. Refer to Note 12, Investment Securities, for fair value and unrealized gains and losses by investment type. Loans - The fair value is estimated using present values of future cash flows discounted at risk-adjusted interest rates for each loan category designated by management and is therefore a Level 3 valuation. Management belie …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Intangible Assets The Company accounts for intangible assets in accordance with ASC 350, Goodwill and Other Intangible Assets , which requires that intangibles with indefinite useful lives be tested annually for impairment, or when management deems there is a triggering event, and those with finite useful lives be amortized over their useful lives. Details of the Companys intangible assets are as follows: September 30, 2025 December 31, 2024 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Assets eligible for amortization: Customer lists $ 6,215 $ (4,938) $ 6,314 $ (4,729) Software 5,512 (3,007) 5,412 (2,358) Trade name 373 (119) 373 (98) Unamortized intangible assets: Goodwill 16,164 16,333 Total intangible assets $ 28,264 $ (8,064) $ 28,432 $ (7,185) The customer lists are amortized over 5 to 10 years; software over 3 to 7 years; the trade names over 10 to 20 years; and other intangible assets over 15 years. Amortization of intangible assets amounted to $293,000 and $879,000 for the three and nine months ended September 30, 2025, respectively. Amortization of intangible assets amounted to $173,000 and $519,000 for the three and nine months ended September 30, 2024, respectively. Estimated annual amortization of intangibles is $1.2 million in 2025, $1.0 million in 2026, $730,000 in 2027, 2028, and $699,000 in 2029. …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The effective tax rate for continuing operations was 20.7% and 20.3% for the three and nine months ended September30, 2025, respectively and was 19.6% and 21.0% for the three and nine months ended September30, 2024, respectively. The effective tax rate can differ from the statutory rate of 21% primarily due to the impact of state income taxes, the …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Defined Pension Plans The Company had a noncontributory defined-benefit pension plan (the Plan), which covered eligible employees that was terminated in 2024. The Company recorded no net periodic pension cost for the three and nine months ended September 30, 2025, and $195,000 and $581,000 for the three and nine months ended September 30, 2024, respectively related to the Plan. In addition to the Plan, the Company has an unfunded supplemental executive retirement plan (the ""SERP""). There are no current employees earning benefits and therefore, there is no service cost associated with the SERP. The following table represents the components of the net periodic cost for the SERP: (In thousands) Estimated 2025 Actual 2024 Interest cost on projected benefit obligation $ 463 $ 450 Net amortization (13) Net periodic pension cost $ 450 $ 450 SERP cost recorded to expense was $113,000 and $338,000 for the three and nine month periods ended September 30, 2025, September 30, 2024, respectively."

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Revenue from Contracts with Customers Revenue is recognized as the obligation to the customer is satisfied. The Companys revenue from contracts with clients is as follows: Processing fees The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant variable consideration or financing components. Financial fees The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Bank service fees Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds. Service charges on deposit accounts are transaction-based fees that are recognized at the point in time when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. The following table presents non-interest income, segregated by revenue …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels and are consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy, and allocate resources. They are managed separately due to their unique service and processing requirements. The Company's chief operating decision maker is the President and Chief Executive Officer of Cass Information Systems' Inc. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. As discussed in Note 2 to the consolidated financial statements, the Company applied discontinued operations accounting to the assets and liabilities being sold related to the TEM Business Unit as of and for the three and nine months ended September 30, 2025 and 2024, as applicable. The TEM Business Unit is included in the Information Services operating segment. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Informat …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Certain amounts in prior-period financial statements have been reclassified to conform to the current periods presentation. Such reclassifications have no effect on previously reported net income or shareholders equity. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.s (the Company or Cass) Annual Report on Form 10-K for the year ended December31, 2024 (""2024 Form 10-K"")." …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

In accordance with FASB ASC 855, Subsequent Events , the Company has evaluated subsequent events after the consolidated balance sheet date of September 30, 2025. There were no other events identified that would require additional disclosures to prevent the Companys unaudited consolidated financial statements from being misleading. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing