Cass Information Systems Inc. (CASS) has reported a decline in earnings for the second quarter compared to the previous year.
The company's earnings amounted to $4.484 million, or $0.32 per share, a notable decrease from $7.138 million, or $0.52 per share, recorded in the same quarter last year.
Despite the drop in earnings, revenue for the quarter saw a modest increase of 0.8%, rising to $48.590 million from $48.207 million in the prior year's second quarter.
A summary of Cass Information Systems Inc.'s earnings (GAAP) for Q2 is as follows:
- Earnings: $4.484 million compared to $7.138 million last year
- Earnings per Share (EPS): $0.32 compared to $0.52 last year
- Revenue: $48.590 million compared to $48.207 million last year
