Cass Information Systems Inc. (CASS) has reported a decline in its fourth-quarter earnings compared to the previous year. The company posted a net income of $4.6 million, or $0.33 per share, as opposed to $8.4 million, or $0.61 per share, during the same period last year. The revenue for this quarter experienced a slight decrease of 0.6%, totaling $50.4 million, down from $50.7 million the previous year.
Here’s a breakdown of Cass Information Systems Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):
- Net Income: $4.6 million, down from $8.4 million last year.
- Earnings Per Share (EPS): $0.33, down from $0.61 last year.
- Revenue: $50.4 million, compared to $50.7 million last year.
