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Cass Contact : Contact Kenn Entringer at Casey Communications , Inc. , ( 314 ) 721-2828 . kentringer@caseycomm.com Cass Information Systems , Inc. Reports 20 % Increase in Third Quarter Diluted EPS October 21 , 2021 Boosts Dividend by 4 % ; Augments Share Repurchase Program ST . LOUIS - Cass Information Systems , Inc. ( Nasdaq : CASS ) , the leading provider of transportation , energy , telecom and waste invoice payment and information services , reported third quarter 2021 earnings of $ .48 per diluted share , an increase of 20 % from the $ .40 per diluted share it earned in the third quarter of 2020. Net income for the period was $ 6.8 million , an increase of 18 % from the $ 5.8 million earned in the same period in 2020 . 3rd Quarter YTD % Transportation Invoice Volume Transportation Dollar Volume 2021 9.3 million $ 9.5 billion 2020 8.7 million $ 6.8 billion Change 2021 2020 % Change 7.8 39.8 27.6 million $ 26.4 billion 24.2 million 13.8 $ 19.0 billion 39.0 Facility - related Transaction Volume * 6.7 million Facility - related Dollar Volume * Revenues Net Income Diluted Earnings per Share 7.1 million $ 4.2 billion $ 3.6 billion $ 38.7 million $ 35.7 million $ 6.8 million $ 5.8 million $ .48 $ .40 ( 6.2 ) 20.5 million 20.3 million 0.8 17.2 8.2 $ 11.6 billion $ 10.1 billion $ 114.2 million $ 107.8 million 14.5 5.9 17.7 $ 20.9 million $ 18.8 million 11.4 20.0 $ 1.45 $ 1.29 12.4 * Includes Energy , Telecom and Waste 2021 3rd Quarter Recap Third quarter revenue and net income increased 8 % and 18 % , respectively , compared to the third quarter of 2020 when the negative economic impact of the pandemic was more significantly impacting Cass and its customers . Transportation volumes for invoices and dollars rose 8 % and 40 % , respectively . The increases were driven by the stronger performance of the manufacturing sector in addition to organic new customer growth . Also contributing to the dramatic increase in dollar volume was scarcity in carrier supply , which continues to drive prices higher . Facility - related ( electricity , gas , waste and telecom expense management ) dollar volumes grew 17 % primarily due to significantly fewer pandemic - related restrictions in the restaurant , retail and hospitality sectors , creating higher utility usage in addition to rising energy prices . Revenues increased 8 % primarily due to the aforementioned increase in dollar volumes . The increase in dollar volumes boosted payment and processing financial fees in addition to assisting in the increase in average interest - earning assets of 17 % , which had the result of increasing net interest income . These positive factors were partially offset by the negative impact of the prevailing interest rate environment which has led to the decline in Cass net interest margin from 2.59 % to 2.32 % . Consolidated operating expenses increased 7 % due to the increase in transportation transaction volumes and strategic investment in various technology initiatives .