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||%||YTD||%|
|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.
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