Cass Information Systems Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Declares First Quarter Dividend, Payable on March 15, 2012
January 26, 2012 at 06:30 pm IST
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Cass Information Systems Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported total revenues of $26,521,000 against $24,999,000 a year ago. Net income was $5,491,000 or $0.53 per diluted share against net income of $5,081,000 or $0.48 per diluted share a year ago. Net investment income was $10,759,000 against $10,447,000 a year ago. Income from operations before income taxes was $7,174,000 compared to $6,860,000 a year ago.
For the year, the company reported total revenues of $106,535,000 against $96,217,000 a year ago. Net income was $23,009,000 or $2.21 per diluted share against net income of $20,310,000 or $1.95 per diluted share a year ago. Net investment income was $43,711,000 against $40,071,000 a year ago. Net investment income was up 9.1%, or $3.6 million, due to growth in earning assets. Income from operations before income taxes was $7,174,000 compared to $6,860,000 a year ago.
On January 23, 2012 the company's board of directors declared a first quarter dividend of $0.17 per share payable on March 15, 2012 to shareholders of record March 5, 2012.
Cass Information Systems, Inc. is a provider of integrated information and payment management solutions. The Company enables enterprises to control their supply chains, communications networks, facilities and other operations. Its segments include Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Information Services segment. The Company's bank subsidiary, Cass Commercial Bank, supports its payment operations. The Company offers various loans, including Commercial Real Estate (CRE) and Faith-based CRE.
Cass Information Systems Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Declares First Quarter Dividend, Payable on March 15, 2012
CASS INFORMATION SYSTEMS, INC. 
