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Cass Information Systems, Inc. Reports 2nd Quarter 2012 Earnings

Cass Information Systems, Inc. (NASDAQ:CASS), the nation's leading provider of transportation, utility, telecom and environmental invoice payment and information services, reported record second quarter 2012 earnings of $.57 per diluted share, a 4% increase over the $.55 per diluted share it earned in the second quarter of 2011. Net income for the period was $6.0 million, a 4% increase over the $5.7 million reported in 2011.

                         
   

2 nd Quarter

   

%

    YTD    

%

      2012     2011     Change     2012     2011     Change
Transportation Dollar Volume     $5.7 billion     $5.3 billion     7.7     $11.0 billion     $9.8 billion     12.4
Utility Dollar Volume     $2.5 billion     $2.6 billion     (4.1)     $5.0 billion     $5.2 billion     (3.9)
Revenues     $28.4 million     $26.6 million     6.8     $56.8 million     $52.7 million     7.9
Net Income     $6.0 million     $5.7 million     3.9     $11.9 million     $11.5 million     3.6
Diluted Earnings per Share     $.57     $.55     3.6     $1.13     $1.10     2.7
       

2012 2nd Quarter Recap

Transportation dollar volume increased more than 7%. Utility dollar volume was down 4% primarily due to generally mild weather across most of North America which decreased consumption. Overall, revenues for the quarter grew to $28.4 million, a 7% increase over the $26.6 million posted in 2011.

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