CASS INFORMATION SYSTEMS INC Earnings Per Share Disclosure
| 2025 | |||||
| Shares outstanding at January 1 | 13,504,104 | ||||
| Issuance of common stock: | |||||
| Employee restricted stock units vested | 16,008 | ||||
| Performance-based stock vested | 55,348 | ||||
| Employee restricted stock surrendered for tax obligations | (37,925) | ||||
| Shares repurchased | (617,415) | ||||
| Shares forfeited | (2,483) | ||||
Shares outstanding at December 31 | 12,917,637 | ||||
| December 31, | |||||||||||||||||
| (In thousands except share and per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Basic: | |||||||||||||||||
| Net income from continuing operations | $ | 31,112 | $ | 18,558 | $ | 27,890 | |||||||||||
| Net income from discontinued operations | 4,004 | 610 | 2,169 | ||||||||||||||
| Net income | $ | 35,116 | $ | 19,168 | $ | 30,059 | |||||||||||
| Weighted-average common shares outstanding | 13,181,884 | 13,501,930 | 13,530,005 | ||||||||||||||
| Basic earnings per share from continuing operations | $ | 2.36 | $ | 1.37 | $ | 2.06 | |||||||||||
| Basic earnings per share from discontinued operations | $ | 0.30 | $ | 0.05 | $ | 0.16 | |||||||||||
| Basic earnings per share | $ | 2.66 | $ | 1.42 | $ | 2.22 | |||||||||||
| Diluted: | |||||||||||||||||
| Net income from continuing operations | $ | 31,112 | $ | 18,558 | $ | 27,890 | |||||||||||
| Net income from discontinued operations | 4,004 | 610 | 2,169 | ||||||||||||||
| Net income | $ | 35,116 | $ | 19,168 | $ | 30,059 | |||||||||||
| Weighted-average common shares outstanding | 13,181,884 | 13,501,930 | 13,530,005 | ||||||||||||||
| Effect of dilutive restricted stock and stock appreciation rights | 281,415 | 275,641 | 286,011 | ||||||||||||||
| Weighted-average common shares outstanding assuming dilution | 13,463,299 | 13,777,571 | 13,816,016 | ||||||||||||||
| Diluted earnings per share from continuing operations | $ | 2.31 | $ | 1.35 | $ | 2.02 | |||||||||||
| Diluted earnings per share from discontinued operations | $ | 0.30 | $ | 0.04 | $ | 0.16 | |||||||||||
| Diluted earnings per share | $ | 2.61 | $ | 1.39 | $ | 2.18 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Mar 5, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 8, 2017 | |
| 2015 | Mar 7, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.