This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cass Information Systems, Inc. Reports Record 3rd Quarter 2011 Earnings With 8.5% Increase Over Q3 2010

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 2011 earnings of $.64 per diluted share, an 8.5% increase over the $.59 per diluted share earned in the third quarter of 2010. Net income for the period was $6.1 million, an 8.6% increase over the $5.6 million reported in 2010.

  3 rd Quarter  




    2011   2010   Change   2011   2010   Change
Transportation Dollar Volume   $5.4 billion   $4.5 billion   20.1   $15.3 billion   $12.5 billion   22.2
Utility Dollar Volume   $2.9 billion   $2.9 billion   2.0   $8.2 billion   $7.9 billion   3.1
Revenues   $27.3 million   $24.7 million   10.7   $80.0 million   $71.2 million   12.4
Net Income   $6.1 million   $5.6 million   8.6   $17.5 million   $15.2 million   15.0
Diluted Earnings per Share   $.64   $.59   8.5   $1.85   $1.61   14.9

2011 3 rd Quarter Recap

Increased activity from both base customers and new customers helped transportation dollar volume surge more than 20%, with utility dollar volume up 2%. Overall, revenues for the quarter grew to $27.3 million, an 11% increase over the $24.7 million posted in 2010.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs