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Cass Information Systems, Inc. Records All-Time High Earnings in 2019
Full-Year Diluted Earnings Up 2% ST. LOUIS--(BUSINESS WIRE)-- Cass Information Systems, Inc. (NASDAQ: CASS), the leading provider of transportation, energy,
About this update from Cass Information Systems, Inc
[{"type":"text","content":"\nFull-Year Diluted Earnings Up 2%\n\n ST. LOUIS--(BUSINESS WIRE)--\nCass Information Systems, Inc. (NASDAQ: CASS), the leading provider of transportation, energy, telecom and waste invoice payment and information services, reported fourth quarter 2019 earnings of $.43 per diluted share, a decrease of 9% from the $.47 per diluted share it earned in the fourth quarter of 2018. Net income for the period was $6.4 million, compared to $7.1 million in 2018.\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n4th Quarter\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nYTD\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n%\nChange\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n%\nChange\n\n\n\n\n\nTransportation Invoice Volume\n\n\n\n \n\n\n\n8.7 million\n\n\n\n \n\n\n\n9.2 million\n\n\n\n \n\n\n\n(6.1)\n\n\n\n \n\n\n\n36.0 million\n\n\n\n \n\n\n\n37.5 million\n\n\n\n \n\n\n\n(4.0)\n\n\n\n\n\nTransportation Dollar Volume\n\n\n\n \n\n\n\n$6.9 billion\n\n\n\n \n\n\n\n$7.3 billion\n\n\n\n \n\n\n\n(6.0)\n\n\n\n \n\n\n\n$28.1 billion\n\n\n\n \n\n\n\n$28.5 billion\n\n\n\n \n\n\n\n(1.6)\n\n\n\n\n\nFacility Expense Transaction Volume*\n\n\n\n \n\n\n\n6.5 million\n\n\n\n \n\n\n\n7.3 million\n\n\n\n \n\n\n\n(11.0)\n\n\n\n \n\n\n\n27.5 million\n\n\n\n \n\n\n\n28.7 million\n\n\n\n \n\n\n\n(4.1)\n\n\n\n\n\nFacility Expense Dollar Volume* \n\n\n\n \n\n\n\n$3.4 billion\n\n\n\n \n\n\n\n$3.5 billion\n\n\n\n \n\n\n\n(2.2)\n\n\n\n \n\n\n\n$14.9 billion\n\n\n\n \n\n\n\n$13.8 billion\n\n\n\n \n\n\n\n7.6\n\n\n\n\n\nRevenues\n\n\n\n \n\n\n\n$38.9 million\n\n\n\n \n\n\n\n$38.3 million\n\n\n\n \n\n\n\n1.7\n\n\n\n \n\n\n\n$157.2 million\n\n\n\n \n\n\n\n$148.3 million\n\n\n\n \n\n\n\n6.0\n\n\n\n\n\nNet Income \n\n\n\n \n\n\n\n$6.4 million\n\n\n\n \n\n\n\n$7.1 million\n\n\n\n \n\n\n\n(9.7)\n\n\n\n \n\n\n\n$30.4 million\n\n\n\n \n\n\n\n$30.3 million\n\n\n\n \n\n\n\n0.4\n\n\n\n\n\nDiluted EPS \n\n\n\n \n\n\n\n$.43\n\n\n\n \n\n\n\n$.47\n\n\n\n \n\n\n\n(8.5)\n\n\n\n \n\n\n\n$2.07\n\n\n\n \n\n\n\n$2.03\n\n\n\n \n\n\n\n2.0\n\n\n\n\n\n*Includes Energy, Telecom and Waste\n\n\n\n\n\n\n\n\nFor the year ended December 31, 2019, Cass earned $2.07 per diluted share, an increase of 2% over the $2.03 per diluted share it earned in 2018. Net income was $30.4 million, compared to $30....