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Cass Information Systems, Inc. Reports Record 2nd Quarter 2011 Earnings; 17% Increase Over Q2 2010

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 2011 earnings of $.61 per diluted share, a 17% increase over the $.52 per diluted share it earned in the second quarter of 2010. Net income for the period was $5.7 million, a 17% increase over the $4.9 million reported in 2010.
2 nd Quarter


      2011     2010     Change     2011     2010     Change
Transportation Dollar Volume     $5.3 billion     $4.2 billion     25.4     $9.8 billion     $8.0 billion     23.4
Utility Dollar Volume     $2.6 billion     $2.5 billion     4.4     $5.2 billion     $5.1 billion     3.7
Revenues     $26.6 million     $23.8 million     12.0     $52.7 million     $46.5 million     13.2
Net Income     $5.7 million     $4.9 million     17.1     $11.5 million     $9.6 million     18.7
Diluted Earnings per Share     $.61     $.52     17.3     $1.21     $1.02     18.6

2011 2nd Quarter Recap

Increased activity from both base customers and new customers helped transportation dollar volume surge more than 25%, with utility dollar volume up a steady 4%. Overall, revenues for the quarter grew to $26.6 million, a 12% increase over the $23.8 million posted in 2010.

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