Cass Information Systems, Inc. Reports Record 2nd Quarter 2010 Earnings; 33% Increase Over Q2 2009

Cass Information Systems, Inc. (NASDAQ: CASS), the nation's leading provider of transportation, utility and telecom invoice payment and information services, reported record second quarter 2010 earnings of $.52 per fully-diluted share, a 33% increase over the $.39 per fully diluted share it earned in the second quarter of 2009. Net income for the period was $4.9 million, a nearly 34% increase over the $3.7 million reported in 2009.

		2 nd Quarter				%		YTD				%
		2010		2009		Change		2010		2009		Change
Transportation Dollar Volume		$4.2 billion		$3.4 billion		23.6%		$8.0 billion		$6.8 billion		17.5%
Utility Dollar Volume		$2.5 billion		$2.3 billion		8.3%		$5.1 billion		$4.8 billion		6.3%
Revenues		$23.8 million		$21.7 million		9.2%		$46.5 million		$43.4 million		7.1%
Net Income		$4.9 million		$3.7 million		33.8%		$9.6 million		$7.6 million		27.2%
Diluted Earnings per Share		$.52		$.39		33.3%		$1.02		$.81		25.9%

2010 2nd Quarter Recap

Increased activity from both base customers and new customers helped transportation transaction dollar volume surge more than 23%, with utility transaction volume up a steady 8%. Overall, revenues for the quarter grew to $23.8 million, a 9% increase over the $21.7 million posted in 2009.

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