Cass Information Systems, Inc. Reports 1st 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 first quarter 2012 earnings of $.56 per diluted share, a 2% increase over the $.55 per diluted share it earned in the first quarter of 2011. Net income for the period was $5.9 million, 3% higher than the $5.7 million reported in 2011.

2012 1st Quarter Recap
    March 31, 2012   March 31, 2011   % Change
Transportation Dollar Volume   $5.4 billion   $4.6 billion   17.8%
Utility Dollar Volume   $2.6 billion   $2.7 billion   (3.6)%
Revenues   $28.4 million   $26.1 million   9.0%
Net Income   $5.9 million   $5.7 million   3.3%
Diluted Earnings per Share   $.56   $.55   1.8%

Payment and processing fees increased $2.1 million, or 15%, compared to the year earlier period. Transportation dollar volume was up 18% due to new business and improved activity from existing customers. Utility dollar volume fell 4% due to the unseasonably mild winter temperatures experienced across much of the U.S.

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