Cass Information Systems (STU:CC3) Credit Losses Provision : €-0.1 Mil (As of Mar. 2024)

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What is Cass Information Systems Credit Losses Provision?

Cass Information Systems's credit losses provision for the three months ended in Mar. 2024 was €0.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.1 Mil.

Cass Information Systems's quarterly credit losses provision declined from Sep. 2023 (€0.1 Mil) to Dec. 2023 (€-0.2 Mil) but then increased from Dec. 2023 (€-0.2 Mil) to Mar. 2024 (€0.1 Mil).

Cass Information Systems's annual credit losses provision increased from Dec. 2021 (€-0.1 Mil) to Dec. 2022 (€1.3 Mil) but then declined from Dec. 2022 (€1.3 Mil) to Dec. 2023 (€-0.5 Mil).

Cass Information Systems Credit Losses Provision Historical Data

The historical data trend for Cass Information Systems's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cass Information Systems Credit Losses Provision Chart

Cass Information Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.23

0.67

-0.12

1.27

-0.50

Cass Information Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.32	-0.11	0.12	-0.20	0.09

Cass Information Systems Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.1 Mil.

Cass Information Systems (STU:CC3) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cass Information Systems Inc (STU:CC3) » Definitions » Credit Losses Provision

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CASS:USA

Address

12444 Powerscourt Drive, Suite 550, St. Louis, MO, USA, 63131

Website

https://www.cassinfo.com

Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. The company provides transportation invoice rating, payment processing, auditing, accounting, and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility-related expenses. It operates in two segments: Information Services and Banking Services. The firm generates maximum revenue from the Information Services segment.

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