Cass Information Systems, Inc. Reports Record 1st Quarter Earnings

Cass Information Systems, Inc. (NASDAQ: CASS), the nation's leading provider of transportation, utility and telecom invoice payment and information services reported record first quarter 2010 earnings of $.50 per fully diluted share, a 19% increase compared to the $.42 per fully diluted share it earned in the first quarter of 2009. Net income for the period was $4.7 million, compared to $3.9 million in 2009.

2010 1st Quarter Recap

		March 31, 2010		March 31, 2009		% Change
Transportation Dollar Volume		$3.8 billion		$3.4 billion		11%
Utility Dollar Volume		$2.6 billion		$2.5 billion		5%
Revenues		$22.8 million		$21.7 million		5%
Net Income		$4.7 million		$3.9 million		21%
Diluted Earnings per Share		$.50		$.42		19%

Payment and processing fees increased $801,000, or 7%, compared to the year earlier period. Transportation transaction volume was up 12% and transportation dollar volume rose 11% due to new business and improved activity from existing customers.