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.

1 2 3 Next › Last »