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Industry Segment Information
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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. Both 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.
Intersegment income (expense) primarily consists of 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.
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 June 30, 2026:
Fee revenue and other income $27,631 $783 $508 $28,922 
Gain on sale of investment securities— — 5 5 
Interest income13,085 16,702 (4,182)25,605 
Interest expense 216 6,598 (2,756)4,058 
Provision for credit losses— 531 — 531 
Total net revenue40,500 10,356 (913)49,943 
Personnel expenses24,038 3,047 — 27,085 
Occupancy509 194 — 703 
Equipment2,491 285 — 2,776 
Bad debt recovery(1,759)— — (1,759)
Intersegment expense (income)791 (791)— — 
Other operating expense6,181 1,783 — 7,964 
Total operating expense32,251 4,518 — 36,769 
Pre-tax income from continuing operations8,249 5,838 (913)13,174 
Pre-tax income from discontinued operations16 — — 16 
Goodwill 16,028 136 — 16,164 
Other intangible assets, net 3,142 — — 3,142 
Total assets 1,645,961 1,197,391 (327,140)2,516,212 
Average funding sources $1,452,058 $791,043 $— $2,243,101 
(In thousands)Information
Services		Banking
Services		Corporate,
Eliminations
and Other		Total
Three Months Ended June 30, 2025:
Fee revenue and other income $27,348 $695 $463 $28,506 
Loss on sale of investment securities— — (3,558)(3,558)
Interest income10,888 16,699 (3,948)23,639 
Interest expense 258 8,031 (4,125)4,164 
Provision for credit losses— 25 — 25 
Total net revenue37,978 9,338 (2,918)44,398 
Personnel expenses24,792 2,960 — 27,752 
Occupancy500 169 — 669 
Equipment2,495 67 — 2,562 
Intersegment expense (income)899 (899)— — 
Other operating expense5,528 1,608 — 7,136 
Total operating expense34,214 3,905 — 38,119 
Pre-tax income from continuing operations3,764 5,433 (2,918)6,279 
Pre-tax income from discontinued operations4,927 — — 4,927 
Goodwill 16,028 136 — 16,164 
Other intangible assets, net 4,329 — — 4,329 
Total assets 1,438,612 1,183,758 (306,352)2,316,018 
Average funding sources $1,339,550 $766,622 $— $2,106,172