Cass Information Systems Reports 7.5% Year-over-Year Decline in December Shipments, Cycle Low

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Jan 17 2026

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CASS-0.06%

JBHT+1.18%

Should l Buy CASS?

Source: Yahoo Finance

Shipment Decline: Cass Information Systems reported a 7.5% year-over-year decline in December shipments, compounding a similar drop in December 2024, resulting in a two-year stacked decline of 13.5%, indicating a weakening market demand.
Expenditure Decrease: The expenditures index from Cass fell by 0.6% year-over-year and was down 4% compared to two years ago, marking the smallest two-year stacked decline since July 2023, suggesting easing pressure on transportation costs.
Market Tightening Signs: Despite the drop in December shipments, Cass's TL linehaul index increased by 1% from November, marking the fourth consecutive month of growth, indicating a tightening trend in the transportation market even amid soft demand conditions.
Uncertain Future Outlook: J.B. Hunt Transport Services noted during an analyst call that while the market began tightening the week before Thanksgiving, the outlook for 2026 remains unclear due to multiple fluctuations in the cycle, emphasizing that low customer inventories may impact future shipping demand.

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CASS

$46.76+Infinity%1D

Analyst Views on CASS

Wall Street analysts forecast CASS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CASS is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 46.790

Low

45.00

Averages

45.00

High

45.00

Current: 46.790

Low

45.00

Averages

45.00

High

45.00

Raymond James

Outperform

maintain

$45 -> $50

2026-01-22

Reason

Raymond James

Price Target

$45 -> $50

AI Analysis

2026-01-22

maintain

Outperform

Reason

Raymond James raised the firm's price target on Cass Information Systems to $50 from $45 and keeps an Outperform rating on the shares following "solid" Q4 results. Results were driven by continued net interest margin expansion, which, together with a larger earning asset base, pushed net interest income above expectations, the firm told investors in a research note. Raymond James added that capital return accelerated in Q4, while headcount declined 2% quarter-over-quarter.

Raymond James

Outperform -> NULL

downgrade

$47 -> $45

2025-10-24

Reason

Raymond James

Price Target

$47 -> $45

2025-10-24

downgrade

Outperform -> NULL

Reason

Raymond James lowered the firm's price target on Cass Information Systems to $45 from $47 and keeps an Outperform rating on the shares following Q3 results that topped both the firm's EPS and PPNR forecast. The quarter can be characterized as a widening net interest margin and stronger than expected balance sheet growth fueling net interest income higher than forecast.

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About CASS

Cass Information Systems, Inc. is a provider of integrated information and payment management solutions. The Company enables enterprises to control their supply chains, communications networks, facilities and other operations. Its segments include Information Services and Banking Services. 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. The Company's AcuAudit is a premier freight audit platform for ocean and international air freight. 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 bank subsidiary, Cass Commercial Bank, supports its payment operations.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Cass Information Systems Reports Q4 Non-GAAP EPS of $0.68 with 9.5% Revenue Growth

Jan 22 2026seekingalpha

Strong Financial Performance: Cass Information Systems reported a Q4 Non-GAAP EPS of $0.68, indicating a year-over-year improvement in profitability that boosts investor confidence.
Significant Revenue Growth: The company achieved revenue of $49.89 million in Q4, reflecting a 9.5% increase year-over-year, which underscores its competitive position and steady rise in customer demand.
Increase in Net Interest Income: Net interest income rose by $13.5 million, or 19.8%, demonstrating the company's effective management of its balance sheet in the current interest rate environment, thereby enhancing overall profitability.
Stable Return on Assets: The average return on assets and equity stood at 1.43% and 14.98%, respectively, indicating high efficiency in resource allocation and capital utilization, which supports sustainable growth prospects going forward.