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Industry Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
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 sold related to the TEM Business Unit for the three months ended March 31, 2026 and 2025, 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 the summary of significant accounting policies in the Company’s 2025 Form 10-K. Management and the chief operating decision maker evaluates 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 is as follows:
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
Three Months Ended March 31, 2026:
Fee revenue and other income $26,740 $724 $477 $27,941 
Gain on sale of investment securities— — 5 5 
Interest income12,731 16,014 (3,641)25,104 
Interest expense 234 6,133 (2,479)3,888 
Provision for credit losses— 61 — 61 
Total net revenue39,237 10,544 (680)49,101 
Personnel expenses24,099 3,180 — 27,279 
Occupancy519 162 — 681 
Equipment2,155 277 — 2,432 
Intersegment expense (income)870 (870)— — 
Other operating expense5,766 2,060 — 7,826 
Total operating expense33,409 4,809 — 38,218 
Pre-tax income from continuing operations5,828 5,735 (680)10,883 
Pre-tax income from discontinued operations124 — — 124 
Goodwill 16,028 136 — 16,164 
Other intangible assets, net 3,435 — — 3,435 
Total assets 1,598,896 1,185,494 (250,599)2,533,791 
Average funding sources $1,429,208 $797,496 $— $2,226,704 
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
Three Months Ended March 31, 2025:
Fee revenue and other income $27,006 $608 $442 $28,056 
Loss on sale of investment securities— — (18)(18)
Interest income10,565 16,204 (3,379)23,390 
Interest expense 267 7,710 (3,861)4,116 
Provision for credit losses— 905 — 905 
Total net revenue37,304 8,197 906 46,407 
Personnel expenses24,121 3,158 — 27,279 
Occupancy527 194 — 721 
Equipment2,227 67 — 2,294 
Bad debt recovery(2,000)— — (2,000)
Intersegment expense (income)873 (873)— — 
Other operating expense5,066 2,170 — 7,236 
Total operating expense30,814 4,716 — 35,530 
Pre-tax income from continuing operations6,490 3,481 906 10,877 
Pre-tax income from discontinued operations528 — — 528 
Goodwill 16,028 136 — 16,164 
Other intangible assets, net 4,622 — — 4,622 
Total assets 1,449,282 1,213,879 (344,704)2,318,457 
Average funding sources $1,338,134 $767,276 $— $2,105,410 
Intersegment income (expense) primarily relates to payment processing fees paid by the Information Services segment to the Banking services segment. The Corporate elimination for total assets and interest income and interest expense primarily relates to allocated funds and related interest depending on funding needs of the operating segments.