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Cass Cass Information Systems , Inc. Cass Information Systems , Inc. Reports Continuing Earnings Recovery 04/22/21 Q1 2021 Marks 3rd Consecutive Quarter With Higher Earnings ; Up 32 % from Pandemic - Induced Low ST . LOUIS -- ( BUSINESS WIRE ) -- Apr . 22 , 2021-- Cass Information Systems , Inc. ( Nasdaq : CASS ) , the leading provider of transportation , energy , telecom , and waste invoice payment and information services , reported first quarter 2021 earnings of $ .49 per diluted share , an increase of 32.4 % from the pandemic - induced low of $ .37 per diluted share it earned in the second quarter of 2020 . This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20210422005184/en/ $ 0.50 $ 0.45 $ 0.40 $ 0.35 $ 0.37 Quarterly Trend in Diluted EPS $ 0.49 $ 0.40 $ 0.44 Net income for the period was $ 7.1 million compared to $ 5.4 million earned in the second quarter of 2020 , when the negative economic impact of the pandemic was most pronounced on Cass and its customers . The improvement in earnings was achieved despite the near - zero overnight interest rate environment since the onset of the pandemic in March 2020 . When compared to the first quarter of 2020 , which largely transpired prior to the full impact of the pandemic , diluted earnings per share declined 5.8 % . Key volume and financial data comparing quarters is as follows : $ 0.30 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Earnings Recovery Continues at Cass Information Systems ( Graphic : Business Wire ) * Includes Energy , Telecom and Waste March March % 31 , 2021 31 , Change 2020 Transportation Invoice Volume 8.8 8.3 million million 6.1 Transportation $ 7.9 $ 6.5 22.2 Dollar Volume billion billion Facility Expense Transaction 7.0 6.5 million million 7.5 Volume * Facility Expense $ 3.7 $ 3.5 7.5 Dollar Volume * billion billion $ 37.1 $ 38.1 Revenues ( 2.7 ) million million Net Income $ 7.1 $ 7.5 million million ( 6.3 ) Diluted Earnings $ .49 $ .52 ( 5.8 ) Per Share Transportation invoice and dollar volumes improved 6.1 % and 22.2 % , respectively . Fueling the increases were the stronger performance of the manufacturing sector quarter over quarter and new customer wins over the past 12 months . Further improvement in dollar volume resulted from