CASS INFORMATION SYSTEMS INC
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
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Item 1A. RISK FACTORS
The Company has included in Part I, Item 1A of its 2024 Form 10-K, a description of certain risks and uncertainties that could affect the Company’s business, future performance or financial condition (the “Risk Factors”). There are no material changes to the Risk Factors as disclosed in the Company’s 2024 Form 10-K.
During the three months ended March 31, 2025, the Company repurchased shares of its common stock as follows:
| Period | Total Number of Shares Purchased(1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| January 1, 2025–January 31, 2025 | 66,063 | $41.93 | 29,051 | 289,530 |
| February 1, 2025–February 28, 2025 | 44,558 | 43.91 | 44,558 | 244,972 |
| March 1, 2025–March 31, 2025 | 42,500 | 44.01 | 42,500 | 202,472 |
| Total | 153,121 | $43.08 | 116,109 | 202,472 |
(1)During the quarter ended March 31, 2025, there were 116,109 shares repurchased pursuant to the Company's publicly announced treasury stock buyback program and 37,012 shares transferred from employees in satisfaction of tax withholding obligations upon the vesting of restricted stock.
(2)The Board of Directors authorized the treasury stock buyback program on October 17, 2023, announced by the Company on October 19, 2023. The program provides that the Company may repurchase up to an aggregate of 500,000 shares of common stock and has no expiration date.
None.
Not applicable.
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