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Cass Information Systems, Inc. Reports 3rd 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 third quarter 2012 earnings of $.58 per diluted share, matching earnings reported in the third quarter of 2011. Net income for the period was $6.1 million, identical to 2011 results.

 
  3rd Quarter  

%

  YTD  

%

    2012   2011   Change   2012   2011   Change
Transportation Dollar Volume   $5.6 billion   $5.4 billion   2.9   $16.6 billion   $15.3 billion   9.0
Utility Dollar Volume   $2.8 billion   $2.9 billion   (5.2)   $7.8 billion   $8.2 billion   (4.3)
Revenues   $27.9 million   $27.3 million   2.1   $84.8 million   $80.0 million   5.9
Net Income   $6.1 million   $6.1 million   .5   $18.0 million   $17.5 million   2.5
Diluted Earnings per Share   $.58   $.58  

--

  $1.71   $1.68   1.8
 

2012 3rd Quarter Recap

Increased activity from base customers and new customers helped transportation dollar volume increase 3%. Utility dollar volume was down 5%, primarily due to lower rates for electricity and natural gas. Overall, year-to-year quarterly revenues grew 2% from $27.3 million to $27.9 million.

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