Cass Information Systems, Inc. Announces Un-Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
January 29, 2015 at 09:30 am
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Cass Information Systems, Inc. announced un-audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $5.8 million or $0.49 per diluted share compared to a $5.3 million or $0.45 per diluted share for the fourth quarter of 2013. Total revenues were $29.8 million compared to $28.1 million and income from operations before income taxes was $7.7 million against $6.8 million for the last year.
For the year, the company reported net income of $24.0 million or $2.06 per diluted share compared to a $114.8 million or $2.02 per diluted share in 2013. Total revenues were $117.2 million compared to $114.8 million and income from operations before income taxes was $31.8 million against $30.7 million for the last year.
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. 
