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Dec 31, 2019
Cass Q4 2019 Earnings Report
Cass reported a decrease in EPS compared to the same quarter last year, but achieved record earnings for the full year.
Key Takeaways
Cass Information Systems reported Q4 2019 earnings of $0.43 per diluted share, a 9% decrease from Q4 2018. Net income for the quarter was $6.4 million, compared to $7.1 million in the previous year. Revenues increased slightly by 1.7% to $38.9 million. Despite the quarterly decline, the company reported record earnings for the full year.
Q4 2019 earnings per diluted share decreased by 9% to $0.43 compared to $0.47 in Q4 2018.
Net income for Q4 2019 was $6.4 million, down from $7.1 million in Q4 2018.
Revenues for Q4 2019 increased by 1.7% to $38.9 million compared to $38.3 million in Q4 2018.
Transportation volumes declined due to a difficult comparison against a robust 2018 and contraction in the manufacturing sector.
Cass
Cass
Cass Revenue by Segment
Revenue by Segment
Net interest income Revenue
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