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Dec 31, 2020
Cass Q4 2020 Earnings Report
Cass Information Systems reported Q4 earnings with a slight increase in diluted earnings per share and net income, despite a decrease in revenue.
Key Takeaways
Cass Information Systems reported a 2% increase in fourth-quarter diluted earnings per share, rising from $0.43 in 2019 to $0.44 in 2020. Net income also saw a slight increase of 1%. However, revenue decreased by 5% compared to the same quarter in the previous year.
Q4 diluted earnings per share increased by 2% year-over-year.
Net income increased by 1% compared to the fourth quarter of 2019.
Revenue decreased by 5% year-over-year.
Transportation volumes for invoices and dollars increased 4% and 10% respectively, surpassing 2019 levels.
Revenue by Segment
Forward Guidance
Cass anticipates further recovery in financial results as the negative forces of the pandemic subside, driven by the expansion of their customer base and their role as a flexible and reliable business partner.
Positive Outlook
- Continued expansion of customer base.
- Being a flexible and reliable business partner.
- Strong performance from the manufacturing sector.
- Consistent addition of new business throughout 2020.
- More stable foundation of current customer volumes.
Challenges Ahead
- Challenges remain due to COVID-19.
- Governmental restrictions in the restaurant, retail, and hospitality sectors.
- Consumers being cautious about travel and entertainment.
- Lower utility usage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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