CASS INFORMATION SYSTEMS INC
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 5, 2025
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Table of Contents
CASS INFORMATION SYSTEMS, INC.
FORM 10-K ANNUAL REPORT
TABLE OF CONTENTS
| PART I. | ||
|---|---|---|
| Item 1. | BUSINESS | 1 |
| Item 1A. | RISK FACTORS | 11 |
| Item 1B. | UNRESOLVED STAFF COMMENTS | 19 |
| Item 1C. | CYBERSECURITY | 19 |
| Item 2. | PROPERTIES | 20 |
| Item 3. | LEGAL PROCEEDINGS | 21 |
| Item 4. | MINE SAFETY DISCLOSURES | 21 |
| PART II. | ||
| Item 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 22 |
| Item 6. | RESERVED | 23 |
| Item 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 23 |
| Item 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 39 |
| Item 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 41 |
| Item 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 81 |
| Item 9A. | CONTROLS AND PROCEDURES | 81 |
| Item 9B. | OTHER INFORMATION | 83 |
| Item 9C. | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 83 |
| PART III. | ||
| Item 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 84 |
| Item 11. | EXECUTIVE COMPENSATION | 85 |
| Item 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS | 85 |
| Item 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 85 |
| Item 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES | 86 |
| PART IV. | ||
| Item 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 87 |
| SIGNATURES | 88 | |
Forward-looking Statements - Factors That May Affect Future Results
This report may contain or incorporate by reference forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although we believe that, in making any such statements, our expectations are based on reasonable assumptions, forward-looking statements are not guarantees of future performance and involve risks, uncertainties, and other factors beyond our control, which may cause future performance to be materially different from expected performance summarized in the forward-looking statements. These risks, uncertainties and other factors are discussed in the section Part I, Item 1A, “Risk Factors.” We undertake no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, or changes to future results over time.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.