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Cass Information Systems, Inc. Completes Record-Setting 2010; Posts Annual Earnings Of $20.3 Million, 26% Higher Than 2009

Cass Information Systems, Inc. (NASDAQ: CASS), the nation's leading provider of transportation, utility and telecom invoice payment and information services, reports that it earned $2.15 per diluted share for the year ended December 31, 2010, a 24% increase over the $1.73 per diluted share earned in 2009. Total net income for 2010 was a record-setting $20.3 million, a 26% increase over the $16.1 million earned in 2009.

  4th Quarter  

%

  YTD  

%

    2010   2009   Change   2010   2009   Change
Transportation Dollar Volume   $4.5 billion   $3.7 billion   20.9%   $17.0 billion   $14.0 billion   20.8%
Utility Dollar Volume   $2.5 billion   $2.4 billion   6.7%   $10.5 billion   $9.7 billion   8.2%
Revenues   $25.0 million   $22.5 million   11.1%   $96.2 million   $87.9 million   9.4%
Net Income   $5.1 million   $4.2 million  

20.2%

  $20.3 million   $16.1 million  

25.9%

Diluted Earnings per Share   $.54   $.46   17.4%   $2.15   $1.73   24.3%

2010 4th Quarter Recap

The company ended 2010 reporting fourth quarter earnings of $.54 per diluted share, a 17% increase over the $.46 per diluted share it earned in the fourth quarter of 2009. Net income for the period was $5.1 million, or 20% higher than the $4.2 million recorded in the final quarter of 2009.

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