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.
|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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