---
title: Cass Announces Q3 2022 Earnings Per Share and Revenue Growth of 33.3% and 22.1%, Respectively
description: Cass Announces Q3 2022 Earnings Per Share and Revenue Growth of 33.3% and 22.1%, Respectively
---

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# [Cass Announces Q3 2022 Earnings Per Share and Revenue Growth of 33.3% and 22.1%, Respectively](https://www.cassinfo.com/news/3rd-quarter-2022-earnings-cass-information-systems)

 Written by [Cass Information Systems, Inc.](https://www.cassinfo.com/news/author/cass-information-systems-inc) | Oct 14, 2022, 5:24:56 PM

## Third Quarter 2022 Results (All comparisons refer to the third quarter of 2021, except as noted)

- Earned record quarterly net income and diluted earnings per share.
- Increase in diluted earnings per share of 33.3%, to $.64 from $.48.
- Increase in net income of 29.3%, to $8.8 million from $6.8 million.
- Increase in return on average equity to 16.84% from 10.83%.
- Processed record quarterly transportation dollar volumes of $11.5 billion, a 21.1% increase.
- Increase in financial fees of $2.6 million, or 30.5%.
- Increase in average payments in advance of funding of $63.8 million, or 29.8%.
- Increase in average loans, excluding PPP loans, of $147.3 million, or 17.6%.
- Increase in net interest margin to 2.90% from 2.32%
- Maintained exceptional credit quality.

ST. LOUIS--(BUSINESS WIRE)--Oct. 13, 2022-- **Cass Information Systems, Inc. (Nasdaq: CASS), **(the Company or Cass) reported third quarter  
2022 earnings of $.64 per diluted share, an increase of 33.3% from the $.48 per diluted share it earned in the third quarter of 2021. Net income for the  
period was $8.8 million, an increase of 29.3% from the $6.8 million earned in the same period in 2021. Diluted earnings per share and net income also  
increased 3.2% and 2.8%, respectively as compared to the second quarter of 2022.

[Read the full release](https://cassinfo.gcs-web.com/news-releases/news-release-details/cass-information-systems-announces-quarterly-earnings-share-and) 

[View full post](https://www.cassinfo.com/news/3rd-quarter-2022-earnings-cass-information-systems)

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