CASS INFORMATION SYSTEMS INC

CASS · Services-Business Services, NEC · 12.9M shares · -2%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $2M (gross $6M, SBC $4M)

Reference price $38.69 · est. market cap ~$498M — last insider purchase, 2025-10-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B76

gen composite 66pct→76

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Strong balance sheetStrong balance sheet — $392M cash & investments
Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)

Quarterly revenue

2025-06-30 · $44M2025-09-30 · $50M2025-12-31 · $50M2026-03-31 · $49M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

18.4%

Return on equity

14.5%

Return on assets

1.3%

Revenue growth (QoQ)

5.8%

Net-income growth

83.2%

Free cash flow

$32M

Tangible book value

$223M

Cash & investments

$392M

Stock comp / revenue

2.2%

Leadership & compensation

Name	Role	Latest total comp
Resch Martin H.	President & CEO	—
Cavellier James M Jr	CIO	—
Dwight D. ErdbrueggerPresident	Cass Commercial Bank	$788K FY2025
Erdbruegger Dwight D	President	—
James M. CavellierExecutive	Officer	$736K FY2025
Martin H. ReschPresident and	Officer	$2M FY2025
Matthew S. SchuckmanExecutive	General Counsel, and Corporate Secretary	$659K FY2025
Michael J. NormileExecutive	Officer	$845K FY2025
Normile Michael James	CFO	—
Schuckman Matthew Steven	Executive Vice President	—
Eric H. Brunngraber	Director	$198K FY2025
Ann W. Marr	Director	$148K FY2025
Benjamin F. Edwards	Director	$139K FY2025
Drabik John J	Director	—
Franklin D. Wicks	Director	$182K FY2025
James J. Lindemann	Director	$181K FY2025
Joseph D. Rupp	Director	$190K FY2025
Ralph W. Clermont	Director	$195K FY2025
Randall L. Schilling	Director	$172K FY2025
Robert A. Ebel	Director	$174K FY2025
Sally H. Roth	Director	$166K FY2025
Wendy J. Henry	Director	$155K FY2025
WICKS FRANK	Director	—

Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.

Insider transactions · last 6 months

Date	Insider	Type	Shares	Price
2026-06-11	Schilling Randall L	Grant	262	$49.44
2026-06-11	RUPP JOSEPH D	Grant	262	$49.44
2026-06-11	WICKS FRANK	Grant	262	$49.44
2026-04-23	Marr Ann Walter	Grant	1.7K	$46.94
2026-04-23	Henry Wendy J.	Grant	1.7K	$46.94
2026-04-23	Drabik John J	Grant	1.7K	$46.94
2026-04-23	Schilling Randall L	Grant	1.7K	$46.94
2026-04-23	Ebel Robert A	Grant	1.7K	$46.94
2026-04-23	EDWARDS BENJAMIN F IV	Grant	1.7K	$46.94
2026-04-23	RUPP JOSEPH D	Grant	1.7K	$46.94
2026-04-23	BRUNNGRABER ERIC H	Grant	1.7K	$46.94
2026-04-23	WICKS FRANK	Grant	1.7K	$46.94
2026-04-21	Roth Sally H	Tax withheld	2.5K	$47.84
2026-04-21	Clermont Ralph W	Tax withheld	6.8K	$47.84
2026-04-21	LINDEMANN JAMES J	Tax withheld	8.4K	$47.84
2026-04-20	Resch Martin H.	Tax withheld	894	$48.54
2026-04-20	Resch Martin H.	Grant	2.0K	—
2026-04-20	Resch Martin H.	Tax withheld	830	$48.54
2026-04-17	Roth Sally H	Tax withheld	540	$48.10
2026-03-19	Clermont Ralph W	Grant	301	$43.15
2026-03-19	Schilling Randall L	Grant	301	$43.15
2026-03-19	LINDEMANN JAMES J	Grant	301	$43.15
2026-03-19	RUPP JOSEPH D	Grant	301	$43.15
2026-03-19	WICKS FRANK	Grant	301	$43.15
2026-01-26	Normile Michael James	Tax withheld	911	$44.25
2026-01-26	Normile Michael James	Grant	1.8K	—
2026-01-26	Normile Michael James	Tax withheld	837	$44.25
2026-01-26	Resch Martin H.	Tax withheld	2.0K	$44.25
2026-01-26	Resch Martin H.	Grant	4.0K	—
2026-01-26	Resch Martin H.	Tax withheld	1.7K	$44.25
2026-01-26	Schuckman Matthew Steven	Tax withheld	548	$44.25
2026-01-26	Schuckman Matthew Steven	Grant	1.5K	—
2026-01-26	Schuckman Matthew Steven	Tax withheld	509	$44.25
2026-01-26	Erdbruegger Dwight D	Tax withheld	539	$44.25
2026-01-26	Erdbruegger Dwight D	Grant	1.7K	—
2026-01-26	Erdbruegger Dwight D	Tax withheld	635	$44.25
2026-01-26	Cavellier James M Jr	Tax withheld	647	$44.25
2026-01-26	Cavellier James M Jr	Grant	1.7K	—
2026-01-26	Cavellier James M Jr	Tax withheld	601	$44.25
2026-01-26	BRUNNGRABER ERIC H	Tax withheld	3.7K	$44.25
2026-01-26	BRUNNGRABER ERIC H	Grant	8.2K	—
2026-01-26	BRUNNGRABER ERIC H	Tax withheld	3.9K	$44.25
2026-01-22	Normile Michael James	Grant	2.8K	—
2026-01-22	Resch Martin H.	Grant	8.4K	—
2026-01-22	Schuckman Matthew Steven	Grant	2.0K	—
2026-01-22	Erdbruegger Dwight D	Grant	2.3K	—
2026-01-22	Cavellier James M Jr	Grant	2.2K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-04-23	ResultsExec/director changeShareholder voteOtherExhibits	filing ↗
2026-03-30	Exec/director changeExhibits	filing ↗
2026-01-22	ResultsOtherExhibits	filing ↗
2025-11-10	OtherExhibits	filing ↗
2025-10-23	ResultsOtherExhibits	filing ↗
2025-07-17	ResultsOtherExhibits	filing ↗
2025-05-05	ResultsExhibits	filing ↗
2025-04-17	ResultsShareholder voteOtherExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
10-Q	2026-05-05	2026-03-31	0000708781-26-000022 ↗
8-K	2026-04-23	2026-04-21	0000708781-26-000020 ↗
8-K	2026-03-30	2026-03-29	0000708781-26-000017 ↗
10-K	2026-03-06	2025-12-31	0000708781-26-000010 ↗
DEF 14A	2026-03-06	2026-04-21	0000708781-26-000013 ↗
8-K	2026-01-22	2026-01-20	0000708781-26-000002 ↗
8-K	2025-11-10	2025-11-06	0000708781-25-000107 ↗
10-Q	2025-11-04	2025-09-30	0000708781-25-000105 ↗
8-K	2025-10-23	2025-10-21	0000708781-25-000103 ↗
10-Q	2025-08-05	2025-06-30	0000708781-25-000087 ↗
8-K	2025-07-17	2025-07-15	0000708781-25-000078 ↗
10-Q	2025-05-07	2025-03-31	0000708781-25-000063 ↗