Updated
The most significant concentration Cass Information Systems discloses is faith-based ministries, franchise restaurants and privately-held businesses, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Cass Information Systems’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'The Company has lending concentrations, including, but not limited to, faith-based ministries located in selected cities, franchise restaurants, and privately-held businesses located in or near St. Louis, Missouri'”
Cass Information Systems discloses a single concentration exposure: lending concentrations that include, without being limited to, faith-based ministries located in selected cities, franchise restaurants, and privately-held businesses located in or near St. Louis, Missouri. No percentage share is disclosed, so the scale of this exposure relative to the total loan book cannot be quantified from the filing, but its structural character — tied to specific customer niches and a specific geography rather than to a single counterparty — means the risk is idiosyncratic to those niches' economic health rather than a broad macro exposure. A downturn affecting faith-based ministries, the franchise-restaurant sector, or the St. Louis-area economy specifically would disproportionately affect this book relative to a more diversified lender. Because the filing frames this as one item among concentrations that are "including, but not limited to" those named, it may understate the full scope of niche lending concentration, but based on what is disclosed, this reads as a moderate, sector-and-geography-specific exposure rather than an acute one. There is no supplier, customer-count, or additional geographic concentration disclosed here to weigh against it.
For the engine’s reasoning on CASS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARMK | Aramark | 1 | 1 | 0 | 2 |
| AMTM | Amentum Holdings, Inc. | 1 | 0 | 0 | 1 |
| BKSY | BlackSky Technology Inc. | 1 | 0 | 0 | 1 |
| CASS● | Cass Information Systems, Inc | 0 | 1 | 0 | 1 |
| ABM | ABM Industries Incorporated | 0 | 0 | 0 | 0 |
| AZZ | AZZ Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.