Cass Information Systems, Inc. Reports Record 3rd Quarter 2010 Earnings; Increases Dividend 14%

Cass Information Systems, Inc. (NASDAQ: CASS), the nation's leading provider of transportation, utility and telecom invoice payment and information services, reported record third quarter 2010 earnings of $.59 per diluted share, a 28% increase over the $.46 per diluted share it earned in the third quarter of 2009. Net income for the period was $5.6 million, a 29% increase over the $4.3 million reported in 2009.

			3 rd Quarter						%			YTD						%
			2010			2009			Change			2010			2009			Change
Transportation Dollar Volume			$4.5 billion			$3.6 billion			26.9%			$12.5 billion			$10.4 billion			20.7%
Utility Dollar Volume			$2.9 billion			$2.5 billion			13.0%			$7.9 billion			$7.3 billion			8.7%
Revenues			$24.7 million			$22.0 million			12.4%			$71.2 million			$65.4 million			8.9%
Net Income			$5.6 million			$4.3 million			29.2%			$15.2 million			$11.9 million			28.0%
Diluted Earnings per Share			$.59			$.46			28.3%			$1.61			$1.27			26.8%

2010 3rd Quarter Recap

Increased activity from both base customers and new customers helped transportation transaction dollar volume surge more than 26%, with utility transaction dollar volume up a solid 13%. Overall, revenues for the quarter grew to $24.7 million, a 12% increase over the $22.0 million posted in 2009.

1 2 3 Next › Last »