v3.25.4
Industry Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Industry Segment Information
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 Services segment.
The Company’s accounting policies for segments are the same as those described in Note 1 of this report. Management and the chief operating decision maker evaluate segment performance based on pre-tax income after allocations for corporate expenses. Transactions between segments are accounted for at what management believes to be fair value.
Substantially all revenue originates from, and all long-lived assets are located within the United States, and no revenue from any customer of any segment exceeds 10% of the Company’s consolidated revenue.
Funding sources represent average balances and deposits generated by Information Services and Banking Services and there is no allocation methodology used. Banking Services interest income is determined by actual interest income on loans minus actual interest expense paid on deposits plus/minus an allocation for interest income or expense dependent on the remaining available liquidity of the segment. Information Services interest income is determined by multiplying available liquidity by actual yields on short-term investments and investment securities.
Any difference between total segment interest income and overall total Company interest income is included in Corporate, Eliminations, and Other.
Summarized information about the Company’s operations in each industry segment for the years ended December 31, 2025, 2024 and 2023 is as follows:
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2025
Fee revenue and other income$108,348 $2,730 $2,314 $113,392 
Loss on sale of investment securities— — (3,534)(3,534)
Interest income47,226 65,707 (15,367)97,566 
Interest expense 1,059 30,288 (15,021)16,326 
Provision for credit losses— 348 — 348 
Total net revenue154,515 37,801 (1,566)190,750 
Personnel expenses97,558 12,508 — 110,066 
Occupancy2,029 738 — 2,767 
Equipment8,880 1,037 — 9,917 
Bad debt recovery(2,000)— — (2,000)
Intersegment expense (income) 3,472 (3,472)— — 
Other operating expense23,135 8,106 — 31,241 
Total operating expense133,074 18,917 — 151,991 
Pretax income from continuing operations21,441 18,884 (1,566)38,759 
Pretax income from discontinued operations5,314 — — 5,314 
Goodwill 16,028 136 — 16,164 
Other intangible assets, net 3,728 — — 3,728 
Total assets1,703,875 1,149,731 (247,582)2,606,024 
Average funding sources$1,396,388 $769,141 $— $2,165,529 
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2024
Fee revenue and other income$109,779 $2,643 $1,470 $113,892 
Loss on sale of investment securities— — (45)$(45)
Interest income40,316 59,568 (11,839)$88,045 
Interest expense1,540 33,496 (14,778)20,258 
Provision for credit losses— 447 — 447 
Total net revenue148,555 28,268 4,364 181,187 
Personnel expenses95,969 13,368 — 109,337 
Occupancy2,004 691 — 2,695 
Equipment6,762 1,339 — 8,101 
Bad debt expense7,847 — — 7,847 
Intersegment expense (income)3,896 (3,896)— — 
Other operating expense20,883 8,879 — 29,762 
Total operating expense137,361 20,381 — 157,742 
Pretax income from continuing operations11,194 7,887 4,364 23,445 
Pretax income from discontinued operations773 — — 773 
Goodwill16,197 136 — 16,333 
Other intangible assets, net4,914 — — 4,914 
Total assets1,720,321 1,143,548 (468,788)2,395,081 
Average funding sources$1,276,335 $782,714 $— $2,059,049 
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
2023
Fee revenue and other income$106,224 $2,713 $1,161 $110,098 
Loss on sale of investment securities— — (173)(173)
Interest income39,899 54,696 (11,835)82,760 
Interest expense1,191 28,029 (12,954)16,266 
Release of credit losses— (550)— (550)
Total net revenue144,932 29,930 2,107 176,969 
Personnel expenses92,480 11,908 — 104,388 
Occupancy2,104 695 — 2,799 
Equipment6,048 847 — 6,895 
Intersegment expense (income)4,270 (4,270)— — 
Other operating expense20,005 8,418 — 28,423 
Total operating expense124,907 17,598 — 142,505 
Pretax income from continuing operations20,025 12,332 2,107 34,464 
Pretax income from discontinued operations2,893 — — 2,893 
Goodwill12,168 136 — 12,304 
Other intangible assets, net3,192 — — 3,192 
Total assets1,586,388 1,103,173 (210,939)2,478,622 
Average funding sources$1,333,997 $810,903 $— $2,144,900