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Cass Information Systems, Inc. Grows 2012 Earnings To $23.3 Million, Surpasses 2011 Results

Stocks in this article: CASS

Cass Information Systems, Inc. (NASDAQ: CASS), the nation's leading provider of transportation, energy, telecom and environmental invoice payment and information services reports that it earned $2.02 per diluted share for the year ended December 31, 2012, a .5% increase over the $2.01 per diluted share earned in 2011. Total net income for 2012 was $23.3 million, a 1.3% increase over the $23.0 million earned in 2011.

  4th Quarter  




    2012   2011   Change   2012   2011   Change
Transportation Dollar Volume   $5.6 billion   $5.3 billion   5.4%   $22.3 billion   $20.6 billion   8.1%
Facility Expense Dollar Volume*   $2.6 billion   $2.7 billion   (3.8)%   $10.9 billion   $11.3 billion   (3.5)%
Revenues   $26.8 million   $26.5 million   .9%   $111.5 million   $106.5 million   4.7%
Net Income   $5.3 million   $5.5 million   (2.7)%   $23.3 million   $23.0 million   1.3%
Diluted Earnings per Share   $.46   $.48   (4.2)%   $2.02   $2.01   .5%

* Includes Energy, Telecom and Environmental

2012 4th Quarter Recap

Cass fourth quarter earnings were $.46 per diluted share, a 4.2% decrease from the $.48 per diluted share it earned in the same quarter in 2011. Net income for the period was $5.3 million, or 2.7% less than the $5.5 million recorded in 2011. A $1.7 million decline in net investment income was primarily responsible for the lower quarterly result.

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