Cash America Reports Third Quarter Results and Declares Dividend

FORT WORTH, Texas--(Business Wire)--
Cash America International, Inc. (NYSE: CSH) announced today that
net income for the third quarter of 2008 was $18,925,000 (63 cents per
share) after incurring a variety of one time and unusual items during
the quarter which lowered reported net income. The third quarter 2008
net income was reduced by $2.0 million in non-recurring costs related
to the Company's contribution to support the cash advance industry's
efforts in an election referendum in Ohio and a ballot initiative in
Arizona plus nearly $1.0 million in lost revenue due to the
interruption of normal store activities as a result of Hurricane Ike.
These two events combined reduced earnings per share by approximately
9 cents in the third quarter of 2008 leading to 63 cents per share in
reported earnings rather than 72 cents per share.

The Company's reported net income for the third quarter of 2008 of
$18,925,000 was up 14% compared to $16,560,000 (55 cents per share)
during the same period in 2007, which excludes a pre-tax gain of $6.3
million (13 cents per share after taxes) from the Company's sale of
its notes receivable and related minority ownership position in an
overseas pawn lending business, Svensk Pantbelaning. Including the
gain in the third quarter of 2007, the Company reported net income of
$20,616,000 (68 cents per share).

Total revenue increased 9% during the third quarter 2008 to $252.2
million, up from $231.5 million during the same period in 2007.
Contributing to the rise in total revenue was a 14% increase in total
fees and service charges from pawn loans and an increase of 15% in the
proceeds from the sale of merchandise during the quarter. Consolidated
income from operations rose 18% to $36.2 million on the strength of
the gains in total revenue and from lower losses on cash advance
loans. Loan losses as a percent of cash advance fees decreased to
42.5% in the third quarter of 2008 compared to 45.7% in the third
quarter of 2007.

For the first nine months of fiscal year 2008, Cash America
produced a 32% increase in net income to $64,873,000 ($2.16 per share)
compared to $49,003,000 ($1.61 per share) excluding one-time gains in
2007. Total revenue increased 12% to $751.1 million for the nine-month
period ended September 30, 2008 from $668.3 million for the same
period in 2007 and operating income increased 33% to $116,557,000 for
the same year-over-year periods.

Commenting on the results for the third quarter, Daniel R. Feehan,
President and Chief Executive Officer said, "While earnings in the
third quarter were reduced by non-recurring items, we are pleased with
the growth in net income and the strong business metrics present in
our business as we prepare for the fourth quarter. Pawn loan balances
are up 16% year-over-year and merchandise levels are well suited for
the next two quarters of traditionally heavy retail activity. Our
online distribution platform for cash advances continues to grow at a
steady rate offering capital solutions to our customers in need of
short-term credit alternatives."

Cash America will conduct a conference call to discuss its third
quarter earnings Thursday, October 23, 2008 at 7:45 AM CDT. A live web
cast of the call will be available on the Company's corporate web site
in the Investor Relations section (www.cashamerica.com). To listen to
the live call, please go to the web site at least fifteen minutes
early to register, download, and install any necessary audio software.

Additionally, the Company announced that the Board of Directors,
at its regularly scheduled quarterly meeting, declared a $0.035 (3.5
cents) per share cash dividend on common stock outstanding. The
dividend will be paid at the close of business on November 19, 2008 to
shareholders of record on November 5, 2008.

Outlook for the Fourth Quarter of 2008 and 2009 Fiscal Year

Expectations for the remainder of fiscal 2008 will be impacted by
earning asset levels based on customer demand for credit products and
by customer demand for the sale of merchandise in pawn locations. The
fourth quarter represents an important period of retail sales for the
Company, and results will be affected by consumer sentiments during
the period. In addition, the Company has deemphasized cash advance
lending in the states of Pennsylvania and Minnesota as a result of
expected regulatory changes in the economics of cash advance products
in those states in early 2009 and late 2008, respectively. Cash
America will incur additional expenses associated with the Ohio and
Arizona election activities in the fourth quarter of 2008 and has
adjusted its fourth quarter loan products for a negative result in the
Ohio election. Based on its views and expectations related to the
preceding factors management expects that the fourth quarter 2008 net
income per share will be between 91 and 95 cents per share compared to
88 cents per share in the fourth quarter 2007. Therefore, management's
expectation for the full year 2008 earnings per share will be between
$3.07 and $3.11 compared to $2.48 per share in fiscal 2007. The 2007
full year results exclude the pre-tax gain of $6.3 million (13 cents
per share after taxes) in the third quarter 2007.

In addition, management is initiating its preliminary expectations
for fiscal year 2009 with the perspective that certain markets for its
cash advance product, specifically Pennsylvania, Minnesota, Florida
and Ohio, which were all profitable in 2008 will either be
unavailable, or will be available only at significantly reduced
economics, in the coming year. Management believes that some of this
decrease in cash advance fees will be offset by continued success in
its pawn lending activities. Based on its current views of the coming
year, management establishes its initial anticipated range of earnings
per share of $3.35 to $3.55 for fiscal 2009. Management expects that
the first two quarters of 2009 are likely to produce lower earnings
per share than 2008 due to the anticipated absence of certain markets
for its cash advance product and the expectation that the tax stimulus
program distributions made in the second quarter of 2008 will not be
repeated.

The preceding expectations of the Company's potential earnings in
the fourth quarter of 2008 and fiscal year 2009 do not include the
Company's announced intention to complete an acquisition of a large
chain of pawn locations based in Mexico City.

Cash America International, Inc. is a provider of specialty
financial services to individuals in the United States with 926 total
locations. Cash America is the largest provider of secured
non-recourse loans to individuals, commonly referred to as pawn loans,
through 502 locations in 22 states under the brand names Cash America
Pawn and SuperPawn. The Company also offers short-term cash advances
in many of its locations including 290 locations that offer this
service under the brand names Cash America Payday Advance and
Cashland. Short-term cash advances are also offered over the Internet
to customers in 33 states in the United States and in the United
Kingdom at http://www.cashnetusa.com and http://www.quickquid.co.uk,
respectively. In addition, check cashing services are provided through
its 134 franchised and Company-owned "Mr. Payroll" check cashing
centers.

For additional information regarding the Company and the services
it provides, visit the Company's websites located at:

http://www.cashamerica.com

http://www.cashlandloans.com

http://www.cashnetusa.com

http://www.quickquid.co.uk

Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995

This release contains forward-looking statements about the
business, financial condition and prospects of Cash America
International, Inc. and its subsidiaries (the "Company"). The actual
results of the Company could differ materially from those indicated by
the forward-looking statements because of various risks and
uncertainties including, without limitation, changes in demand for the
Company's services, the actions of third parties who offer products
and services at the Company's locations, fluctuations in the price of
gold, changes in competition, the ability of the Company to open new
operating units in accordance with its plans, economic conditions,
real estate market fluctuations, interest rate fluctuations, changes
in foreign currency exchange rates, changes in the capital markets,
changes in tax and other laws and governmental rules and regulations
applicable to the Company's business, the ability to successfully
integrate newly acquired businesses into the Company's operations and
other risks indicated in the Company's filings with the Securities and
Exchange Commission. These risks and uncertainties are beyond the
ability of the Company to control, nor can the Company predict, in
many cases, all of the risks and uncertainties that could cause its
actual results to differ materially from those indicated by the
forward-looking statements. When used in this release, terms such as
"believes," "estimates," "plans," "expects," "anticipates" and similar
expressions as they relate to the Company or its management are
intended to identify forward-looking statements. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements to reflect events or circumstances occurring after the date
of this release.

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
HIGHLIGHTS OF CONSOLIDATED RESULTS OF OPERATIONS
(in thousands, except per share data)

Three Months Ended Nine Months Ended
September 30, September 30,
------------------- -------------------
2008 2007 2008 2007
--------- --------- --------- ---------
Consolidated Operations:
Total revenue $ 252,150 $ 231,512 $ 751,063 $ 668,265
Net revenue 184,117 173,819 544,773 495,863
Total operating expenses 147,926 143,022 428,216 408,034

Income from operations $ 36,191 $ 30,797 $ 116,557 $ 87,829

Income before income taxes 32,007 32,829 105,695 83,032

Net Income $ 18,925 $ 20,616 $ 64,873 $ 53,059

Earnings per share:
Basic $ 0.65 $ 0.70 $ 2.21 $ 1.78
Diluted $ 0.63 $ 0.68 $ 2.16 $ 1.74

Weighted average shares:
Basic 29,266 29,535 29,321 29,745
Diluted 30,035 30,235 30,082 30,464

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)

September 30, December 31,
------------------- ------------
2008 2007 2007
--------- -------- ------------
(Unaudited)
Assets

Current assets:
Cash and cash equivalents $ 29,754 $ 26,412 $ 22,725
Pawn loans 158,226 136,722 137,319
Cash advances, net 87,034 82,785 88,148
Merchandise held for
disposition, net 111,053 98,751 98,134
Finance and service charges
receivable 29,658 25,528 26,963
Income taxes recoverable 1,306 - -
Other receivables and prepaid
expenses 13,658 15,349 16,292
Deferred tax assets 22,088 22,455 20,204
--------- -------- ------------
Total current assets 452,777 408,002 409,785

Property and equipment, net 181,524 147,813 161,676
Goodwill 420,840 283,554 306,221
Intangible assets, net 21,634 24,569 23,484
Other assets 3,501 3,017 3,478
--------- -------- ------------
Total assets $1,080,276 $ 866,955 $ 904,644
========= ======== ============

Liabilities and Stockholders'
Equity

Current liabilities:
Accounts payable and accrued
expenses $ 66,414 $ 61,484 $ 65,399
Accrued supplemental
acquisition payment 69,499 43,300 22,000
Customer deposits 8,754 8,211 7,856
Income taxes currently payable - 16 3,755
Current portion of long-term
debt 8,500 12,786 8,500
--------- -------- ------------
Total current liabilities 153,167 125,797 107,510

Deferred tax liabilities 25,826 15,854 18,584
Other liabilities 2,202 1,621 1,671
Long-term debt 343,692 251,427 280,277
--------- -------- ------------
Total liabilities 524,887 394,699 408,042
--------- -------- ------------

Stockholders' equity:
Common stock, $.10 par value
per share, 80,000,000 shares
authorized, 30,235,164 shares
issued 3,024 3,024 3,024
Additional paid-in capital 163,678 162,837 163,581
Retained earnings 424,999 337,909 363,180
Accumulated other comprehensive
(loss) income (59) (4) 16
Treasury shares, at cost
(1,217,927 shares, 1,088,493
shares and 1,136,203 shares at
September 30, 2008 and 2007,
and December 31, 2007,
respectively) (36,253) (31,510) (33,199)
Total stockholders' equity 555,389 472,256 496,602
--------- -------- ------------
Total liabilities and
stockholders' equity $1,080,276 $ 866,955 $ 904,644
========= ======== ============

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)

Three Months Ended Nine Months Ended
September 30, September 30,
------------------ --------------------
2008 2007 2008 2007
-------- -------- --------- ---------
(Unaudited)

Revenue
Finance and service
charges $ 46,977 $ 41,386 $ 133,788 $ 117,011
Proceeds from disposition
of merchandise 105,517 91,366 330,189 277,342
Cash advance fees 96,301 95,417 274,610 260,880
Check cashing fees,
royalties and other 3,355 3,343 12,476 13,032
-------- -------- --------- ---------
Total Revenue 252,150 231,512 751,063 668,265

Cost of Revenue
Disposed merchandise 68,033 57,693 206,290 172,402
-------- -------- --------- ---------
Net Revenue 184,117 173,819 544,773 495,863
-------- -------- --------- ---------

Expenses
Operations 81,714 75,970 241,791 224,724
Cash advance loss
provision 40,950 43,612 102,817 118,688
Administration 15,964 15,175 55,652 40,924
Depreciation and
amortization 9,298 8,265 27,956 23,698
-------- -------- --------- ---------
Total Expenses 147,926 143,022 428,216 408,034
-------- -------- --------- ---------

Income from Operations 36,191 30,797 116,557 87,829
Interest expense (4,292) (4,378) (11,005) (12,119)
Interest income 113 145 220 999
Foreign currency
transaction (loss) gain (5) 5 (77) 63
Gain on sale of foreign
notes - 6,260 - 6,260
-------- -------- --------- ---------
Income before Income Taxes 32,007 32,829 105,695 83,032
Provision for income taxes 13,082 12,213 40,822 29,973
-------- -------- --------- ---------
Net Income $ 18,925 $ 20,616 $ 64,873 $ 53,059
======== ======== ========= =========

Earnings Per Share:
Basic $ 0.65 $ 0.70 $ 2.21 $ 1.78
Diluted $ 0.63 $ 0.68 $ 2.16 $ 1.74
Weighted average common
shares outstanding:
Basic 29,266 29,535 29,321 29,745
Diluted 30,035 30,235 30,082 30,464

Dividends declared per
common share $ 0.035 $ 0.035 $ 0.105 $ 0.105

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA
($ in thousands unless otherwise noted)

Three Months Nine Months
Ended Ended
September 30, September 30,
---------------- ----------------
2008 2007 2008 2007
------- ------- ------- -------

PAWN LENDING OPERATIONS:
Pawn loans
Annualized yield on pawn loans 123.9% 121.4% 128.2% 124.1%
Total amount of pawn loans
written and renewed $161,225 $138,100 $442,553 $378,058
Average pawn loan balance
outstanding $150,792 $135,205 $139,363 $126,043
Average pawn loan balance per
average location in operation $ 310 $ 281 $ 287 $ 263
Ending pawn loan balance per
location in operation $ 325 $ 283 $ 325 $ 283
Average pawn loan amount at end
of period (not in thousands) $ 121 $ 109 $ 121 $ 109
Profit margin on disposition of
merchandise as a percentage of
proceeds from disposition of
merchandise 35.5% 36.9% 37.5% 37.8%
Average annualized merchandise
turnover 2.6x 2.5x 2.8x 2.7x
Average balance of merchandise
held for disposition per average
location in operation $ 213 $ 192 $ 204 $ 182
Ending balance of merchandise
held for disposition per
location in operation $ 228 $ 204 $ 228 $ 204

Pawnshop locations in operation -
Beginning of period, owned 487 480 485 475
Acquired - 2 1 5
Start-ups - 1 1 4
Combined or closed - - - (1)
------- ------- ------- -------
End of period, owned 487 483 487 483
Franchise locations at end of
period 15 12 15 12
------- ------- ------- -------
Total pawnshop locations at end
of period 502 495 502 495
======= ======= ======= =======
Average number of owned pawnshop
locations 487 482 486 479
======= ======= ======= =======

Cash advances (b)
Pawn locations offering cash
advances at end of period 432 429 432 429
Average number of pawn locations
offering cash advances 432 427 431 425

Amount of cash advances written
at pawn locations:
Funded by the Company $ 15,100 $ 16,652 $ 43,229 $ 48,899
Funded by third-party lenders
(a) (d) 35,534 49,634 111,309 141,510
------- ------- ------- -------
Aggregate amount of cash advances
written at pawn locations (a)
(f) $ 50,634 $ 66,286 $154,538 $190,409
======= ======= ======= =======

Number of cash advances written
at pawn locations (not in
thousands):
By the Company 46,777 54,821 137,518 160,253
By third-party lenders (a) (d) 75,031 105,873 236,729 308,729
------- ------- ------- -------
Aggregate number of cash advances
written at pawn locations(a) (f) 121,808 160,694 374,247 468,982
======= ======= ======= =======

Cash advance customer balances
due at pawn locations (gross):
Owned by Company (c) $ 7,096 $ 8,803 $ 7,096 $ 8,803
Owned by third-party lenders
(a)(d) 6,594 9,179 6,594 9,179
------- ------- ------- -------
Aggregate cash advance customer
balances due at pawn locations
(gross) (a)(f) $ 13,690 $ 17,982 $ 13,690 $ 17,982
======= ======= ======= =======

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA (Continued)
($ in thousands unless otherwise noted)

Three Months Nine Months Ended
Ended
September 30, September 30,
---------------- --------------------
2008 2007 2008 2007
------- ------- --------- ---------

CASH ADVANCE OPERATIONS (e):
Storefront operations:
Amount of cash advances
written:
Funded by the Company $146,504 $187,302 $ 449,571 $ 522,719
Funded by third-party
lenders (a) (d) 21,600 30,212 71,585 84,884
------- ------- --------- ---------
Aggregate amount of cash
advances written (a) (f) $168,104 $217,514 $ 521,156 $ 607,603
======= ======= ========= =========

Number of cash advances
written (not in thousands):
By the Company 422,009 513,135 1,267,211 1,438,490
By third-party lenders (a)
(d) 37,867 55,090 127,651 159,427
------- ------- --------- ---------
Aggregate number of cash
advances written (a) (f) 459,876 568,225 1,394,862 1,597,917
======= ======= ========= =========

Cash advance customer balances
due (gross):
Owned by the Company (c) $ 40,295 $ 51,316 $ 40,295 $ 51,316
Owned by third-party lenders
(a) (d) 4,462 5,259 4,462 5,259
------- ------- --------- ---------
Aggregate cash advance
customer balances due (gross)
(a) (f) $ 44,757 $ 56,575 $ 44,757 $ 56,575
======= ======= ========= =========

Cash advance locations in
operation (excluding online
lending) -
Beginning of period 292 296 304 295
Start-ups - 7 - 10
Combined or closed (2) (2) (14) (4)
------- ------- --------- ---------
End of period 290 301 290 301
======= ======= ========= =========
Average number of cash advance
locations 291 299 298 297
======= ======= ========= =========

Internet lending operations:
Amount of cash advances
written:
Funded by the Company $202,706 $157,887 $ 551,222 $ 435,665
Funded by third-party
lenders (a) (d) 113,997 96,096 327,725 251,880
------- ------- --------- ---------
Aggregate amount of cash
advances written (a) (f) $316,703 $253,983 $ 878,947 $ 687,545
======= ======= ========= =========

Number of cash advances
written (not in thousands):
By the Company 487,572 400,942 1,318,454 1,117,466
By third-party lenders (a)
(d) 168,553 159,711 493,134 441,402
------- ------- --------- ---------
Aggregate number of cash
advances written (a) (f) 656,125 560,653 1,811,588 1,558,868
======= ======= ========= =========

Cash advance customer balances
due (gross):
Owned by the Company (c) $ 64,944 $ 53,591 $ 64,944 $ 53,591
Owned by third-party lenders
(a) (d) 19,960 16,631 19,960 16,631
------- ------- --------- ---------
Aggregate cash advance
customer balances due (gross)
(a) (f) $ 84,904 $ 70,222 $ 84,904 $ 70,222
======= ======= ========= =========

Number of states with online
lending at end of period 33 31 33 31
Number of foreign countries
with online lending at end of
period 1 1 1 1

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA (Continued)
($ in thousands unless otherwise noted)

Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- --------------------
2008 2007 2008 2007
--------- --------- --------- ---------

Combined Storefront and
Internet lending
operations:
Amount of cash advances
written:
Funded by the Company $ 349,210 $ 345,189 $1,000,793 $ 958,384
Funded by third-party
lenders (a) (d) 135,597 126,308 399,310 336,764
--------- --------- --------- ---------
Aggregate amount of cash
advances written (a) (f) $ 484,807 $ 471,497 $1,400,103 $1,295,148
========= ========= ========= =========

Number of cash advances
written (not in
thousands):
By the Company 909,581 914,077 2,585,665 2,555,956
By third-party lenders
(a) (d) 206,420 214,801 620,785 600,829
--------- --------- --------- ---------
Aggregate number of cash
advances written (a) (f) 1,116,001 1,128,878 3,206,450 3,156,785
========= ========= ========= =========

Cash advance customer
balances due (gross):
Owned by the Company (c) $ 105,239 $ 104,907 $ 105,239 $ 104,907
Owned by third-party
lenders (a) (d) 24,422 21,890 24,422 21,890
--------- --------- --------- ---------
Aggregate cash advance
customer balances due
(gross) (a) (f) $ 129,661 $ 126,797 $ 129,661 $ 126,797
========= ========= ========= =========

CONSOLIDATED CASH ADVANCE
PRODUCT SUMMARY (a) (b)
(e):
Amount of cash advances
written:
Funded by the Company $ 364,310 $ 361,841 $1,044,022 $1,007,283
Funded by third-party
lenders (a) (d) 171,131 175,942 510,619 478,274
--------- --------- --------- ---------
Aggregate amount of cash
advances written (a) (f) $ 535,441 $ 537,783 $1,554,641 $1,485,557
========= ========= ========= =========

Number of cash advances
written (not in
thousands):
By the Company 956,358 968,898 2,723,183 2,716,209
By third-party lenders
(a) (d) 281,451 320,674 857,514 909,558
--------- --------- --------- ---------
Aggregate number of cash
advances written (a) (f) 1,237,809 1,289,572 3,580,697 3,625,767
========= ========= ========= =========

Average amount per cash
advance written (not in
thousands):
By the Company $ 381 $ 373 $ 383 $ 371
By third-party lenders
(a) (d) 608 549 595 526
--------- --------- --------- ---------
Aggregate average amount
per cash advance (a) (f) $ 433 $ 417 $ 434 $ 410
========= ========= ========= =========

Cash advance customer
balances due (gross):
Owned by the Company (c) $ 112,335 $ 113,710 $ 112,335 $ 113,710
Owned by third-party
lenders (a) (d) 31,016 31,069 31,016 31,069
--------- --------- --------- ---------
Aggregate cash advance
customer balances due
(gross) (a) (f) $ 143,351 $ 144,779 $ 143,351 $ 144,779
========= ========= ========= =========

Total locations offering
cash advances at end of
period (excluding online
lending) 722 730 722 730
Average total locations
offering cash advances
(excluding online
lending) 723 726 729 722
Number of states with
online lending at end of
period 33 31 33 31
Number of foreign
countries with online
lending at end of period 1 1 1 1

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA (Continued)
($ in thousands unless otherwise noted)

Three Months Nine Months
Ended Ended
September 30, September 30,
---------------- ----------------
2008 2007 2008 2007
------- ------- ------- -------

CHECK CASHING OPERATIONS (Mr.
Payroll):
Centers in operation at end of
year (not in thousands):
Company-owned locations 5 5 5 5
Franchised locations (a) 129 135 129 135
------- ------- ------- -------
Combined centers in operations at
end of year (a) 134 140 134 140
======= ======= ======= =======

Revenue from Company-owned
locations $ 89 $ 106 $ 313 $ 379
Revenue from franchise royalties
and other 689 713 2,323 2,438
------- ------- ------- -------
Total revenue (c) $ 778 $ 819 $ 2,636 $ 2,817
======= ======= ======= =======

Face amount of checks cashed:
Company-owned locations $ 7,106 $ 7,902 $ 22,322 $ 25,724
Franchised locations (a) 295,791 291,255 968,000 958,277
------- ------- ------- -------
Combined face amount of checks
cashed (a) $302,897 $299,157 $990,322 $984,001
======= ======= ======= =======

Fees collected from customers:
Company-owned locations $ 89 $ 106 $ 313 $ 379
Franchised locations (a) 4,073 3,968 13,740 13,544
------- ------- ------- -------
Combined fees collected from
customers (a) $ 4,162 $ 4,074 $ 14,053 $ 13,923
======= ======= ======= =======

Fees as a percentage of checks
cashed:
Company-owned locations 1.3% 1.3% 1.4% 1.5%
Franchised locations (a) 1.4 1.4 1.4 1.4
------- ------- ------- -------
Combined fees as a percentage of
checks cashed (a) 1.4% 1.4% 1.4% 1.4%
======= ======= ======= =======

Average check cashed (not in
thousands):
Company-owned locations $ 400 $ 375 $ 405 $ 396
Franchised locations (a) 437 416 465 442
------- ------- ------- -------
Combined average check cashed (a) $ 437 $ 415 $ 463 $ 441
======= ======= ======= =======

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(a) Non-GAAP presentation. For informational purposes and to provide a
greater understanding of the Company's businesses. Management
believes that information provided with this level of detail is
meaningful and useful in understanding the activities and business
metrics of the Company's operations.
(b) Includes cash advance activities at the Company's pawn lending
locations.
(c) Amounts recorded in the Company's consolidated financial
statements.
(d) Cash advances written by third-party lenders that were arranged by
the Company on behalf of the third-party lenders, all at the
Company's pawn locations, cash advance locations and through the
internet distribution channel.
(e) Includes cash advance activities at the Company's cash advance
storefront locations and through the Company's internet distribution
channel.
(f) Includes (i) cash advances written by the Company, and (ii) cash
advances written by third-party lenders that were arranged by the
Company on behalf of the third-party lenders, all at the Company's
pawn and cash advance locations and through the Company's internet
distribution channel.

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED CASH ADVANCES OUTSTANDING AND RELATED ALLOWANCE FOR
LOSSES
(in thousands)

September 30,
------------------
2008 2007
-------- --------
Funded by the Company (a)
Active cash advances and
fees receivable $ 73,097 $ 69,005
Cash advances and fees in
collection 25,857 28,817
-------- --------
Total funded by the
Company (a) 98,954 97,822
-------- --------

Funded by third-party
lenders (b) (c)
Active cash advances and
fees receivable 31,072 31,069
Cash advances and fees in
collection 13,325 15,888
-------- --------
Total funded by third-
party lenders (b) (c) 44,397 46,957
-------- --------
Combined gross portfolio (b)
(d) 143,351 144,779
Less: Elimination of cash
advances owned by third-
party lenders 31,016 31,069
-------- --------
Company-owned cash advances
and fees receivable, gross 112,335 113,710
Less: Allowance for losses 25,301 30,925
-------- --------
Cash advances and fees
receivable, net $ 87,034 $ 82,785
======== ========

Three Months Ended Nine Months Ended
September 30, September 30,
------------------ --------------------
2008 2007 2008 2007
-------- -------- --------- ---------
Allowance for company-owned
cash advances

Balance at beginning of
period $ 27,401 $ 32,173 $ 25,676 $ 19,513
Cash advance loss
provision 41,302 43,604 102,688 118,011
Charge-offs (47,762) (48,283) (123,443) (117,133)
Recoveries 4,360 3,431 20,380 10,534
-------- -------- --------- ---------
Balance at end of period $ 25,301 $ 30,925 $ 25,301 $ 30,925
======== ======== ========= =========

Accrual for third-party
lender-owned cash advances

Balance at beginning of
period $ 2,309 $ 1,824 $ 1,828 $ 1,155
(Decrease) Increase in
loss provision (352) 8 129 677
-------- -------- --------- ---------
Balance at end of period $ 1,957 $ 1,832 $ 1,957 $ 1,832
======== ======== ========= =========

Combined statistics (d)
Combined cash advance loss
provision $ 40,950 $ 43,612 $ 102,817 $ 118,688
======== ======== ========= =========
Combined cash advance loss
provision as a % of
combined cash advances
written (b) 7.6% 8.1% 6.6% 8.0%
======== ======== ========= =========
Charge-offs (net of
recoveries) as a % of
combined cash advances
written (b) 8.1% 8.3% 6.6% 7.2%
======== ======== ========= =========
Combined allowance for
losses and accrued third-
party lender losses as a
% of combined gross
portfolio (b) 19.0% 22.6% 19.0% 22.6%
======== ======== ========= =========

----------------------------
*T

-0-
*T
(a) Cash advances written by the Company for its own account in pawn
locations, cash advance locations, and through the internet
distribution channel.
(b) Non-GAAP presentation. For informational purposes and to provide a
greater understanding of the Company's businesses. Management
believes that information provided with this level of detail is
meaningful and useful in understanding the activities and business
metrics of the Company's operations.
(c) Cash advances written by third-party lenders that were arranged by
the Company on behalf of the third-party lenders, all at the
Company's pawn locations, cash advance locations and through the
internet distribution channel.
(d) Includes (i) cash advances written by the Company, and (ii) cash
advances written by third-party lenders that were arranged by the
Company on behalf of the third-party lenders, all at the Company's
pawn and cash advance locations and through the Company's internet
distribution channel.
*T

-0-
*T
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
THREE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
(in thousands)

Cash
Pawn Advance Check
Lending (1) Cashing Consolidated
-------- -------- -------- ------------

Three months ended September
30, 2008:
------------------------------

Revenue
Finance and service charges $ 46,977 $ - $ - $ 46,977
Proceeds from disposition of
merchandise 105,517 - - 105,517
Cash advance fees 8,584 87,717 - 96,301
Check cashing fees, royalties
and other 967 1,610 778 3,355
------- ------- ------- -----------

Total revenue 162,045 89,327 778 252,150

Cost of revenue - disposed
merchandise 68,033 - - 68,033
------- ------- ------- -----------

Net revenue 94,012 89,327 778 184,117
------- ------- ------- -----------

Expenses
Operations 52,344 29,065 305 81,714
Cash advance loss provision 2,725 38,225 - 40,950
Administration 6,183 9,505 276 15,964
Depreciation and amortization 5,995 3,246 57 9,298
------- ------- ------- -----------

Total expenses 67,247 80,041 638 147,926
------- ------- ------- -----------

Income from operations $ 26,765 $ 9,286 $ 140 $ 36,191
======= ======= ======= ===========

As of September 30, 2008:
------------------------------

Total assets $625,192 $448,057 $ 7,027 $ 1,080,276
======= ======= ======= ===========
Goodwill $143,998 $271,532 $ 5,310 $ 420,840
======= ======= ======= ===========

Three months ended September
30, 2007:
------------------------------

Revenue
Finance and service charges $ 41,386 $ - $ - $ 41,386
Proceeds from disposition of
merchandise 91,366 - - 91,366
Cash advance fees 11,301 84,116 - 95,417
Check cashing fees, royalties
and other 698 1,826 819 3,343
------- ------- ------- -----------

Total revenue 144,751 85,942 819 231,512

Cost of revenue - disposed
merchandise 57,693 - - 57,693
------- ------- ------- -----------

Net revenue 87,058 85,942 819 173,819
------- ------- ------- -----------

Expenses
Operations 48,230 27,461 279 75,970
Cash advance loss provision 4,973 38,639 - 43,612
Administration 8,312 6,632 231 15,175
Depreciation and amortization 5,272 2,901 92 8,265
------- ------- ------- -----------

Total expenses 66,787 75,633 602 143,022
------- ------- ------- -----------

Income from operations $ 20,271 $ 10,309 $ 217 $ 30,797
======= ======= ======= ===========

As of September 30, 2007:
------------------------------

Total assets $582,072 $277,986 $ 6,897 $ 866,955
======= ======= ======= ===========
Goodwill $143,665 $134,579 $ 5,310 $ 283,554
======= ======= ======= ===========

*T

-0-
*T
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
(in thousands)

Cash
Pawn Advance Check
Lending (1) Cashing Consolidated
-------- --------- --------- -------------

Nine months ended
September 30, 2008:
--------------------------

Revenue
Finance and service
charges $ 133,788 $ - $ - $ 133,788
Proceeds from disposition
of merchandise 330,189 - - 330,189
Cash advance fees 26,514 248,096 - 274,610
Check cashing fees,
royalties and other 2,969 6,871 2,636 12,476
-------- -------- -------- ------------

Total revenue 493,460 254,967 2,636 751,063

Cost of revenue - disposed
merchandise 206,290 - - 206,290
-------- -------- -------- ------------

Net revenue 287,170 254,967 2,636 544,773
-------- -------- -------- ------------

Expenses
Operations 157,575 83,219 997 241,791
Cash advance loss
provision 7,667 95,150 - 102,817
Administration 28,914 25,914 824 55,652
Depreciation and
amortization 17,525 10,249 182 27,956
-------- -------- -------- ------------

Total expenses 211,681 214,532 2,003 428,216
-------- -------- -------- ------------

Income from operations $ 75,489 $ 40,435 $ 633 $ 116,557
======== ======== ======== ============

Nine months ended
September 30, 2007:
--------------------------

Revenue
Finance and service
charges $ 117,011 $ - $ - $ 117,011
Proceeds from disposition
of merchandise 277,342 - - 277,342
Cash advance fees 31,411 229,469 - 260,880
Check cashing fees,
royalties and other 2,438 7,777 2,817 13,032
-------- -------- -------- ------------

Total revenue 428,202 237,246 2,817 668,265

Cost of revenue - disposed
merchandise 172,402 - - 172,402
-------- -------- -------- ------------

Net revenue 255,800 237,246 2,817 495,863
-------- -------- -------- ------------

Expenses
Operations 143,706 80,074 944 224,724
Cash advance loss
provision 11,542 107,146 - 118,688
Administration 22,842 17,326 756 40,924
Depreciation and
amortization 15,406 7,998 294 23,698
-------- -------- -------- ------------

Total expenses 193,496 212,544 1,994 408,034
-------- -------- -------- ------------

Income from operations $ 62,304 $ 24,702 $ 823 $ 87,829
======== ======== ======== ============

*T

-0-
*T
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
THREE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
(in thousands)

(1) The Cash Advance segment is comprised of two distribution channels
for the same product, a multi-unit, "storefront" platform and an on-
line, internet based lending platform, including PBSI, which was
acquired in July 2008. The following table summarizes the results
from each channel's contributions to the Cash Advance segment as of
September 30, 2008 and 2007:
*T

-0-
*T
Total
Internet Cash
Storefront Lending Advance
---------- -------- ---------

Three months ended September 30, 2008:
--------------------------------------

Revenue
Cash advance fees $ 26,859 $ 60,858 $ 87,717
Check cashing fees, royalties and
other 1,553 57 1,610

---------- -------- --------
Total revenue 28,412 60,915 89,327
---------- -------- --------

Expenses
Operations 17,763 11,302 29,065
Cash advance loss provision 6,411 31,814 38,225
Administration 2,651 6,854 9,505
Depreciation and amortization 1,883 1,363 3,246
---------- -------- --------

Total expenses 28,708 51,333 80,041
---------- -------- --------

Income from operations $ (296) $ 9,582 $ 9,286
========== ======== ========

Three months ended September 30, 2007:
--------------------------------------

Revenue
Cash advance fees $ 34,249 $ 49,867 $ 84,116
Check cashing fees, royalties and
other 1,826 - 1,826
---------- -------- --------

Total revenue 36,075 49,867 85,942
---------- -------- --------

Expenses
Operations 17,194 10,267 27,461
Cash advance loss provision 11,585 27,054 38,639
Administration 2,780 3,852 6,632
Depreciation and amortization 2,072 829 2,901
---------- -------- --------

Total expenses 33,631 42,002 75,633
---------- -------- --------

Income from operations $ 2,444 $ 7,865 $ 10,309
========== ======== ========

*T

-0-
*T
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
(in thousands)

Total
Internet Cash
Nine months ended September 30, 2008: Storefront Lending Advance
-------------------------------------- ---------- -------- --------

Revenue
Cash advance fees $ 82,979 $ 165,117 $ 248,096
Check cashing fees, royalties and
other 6,810 61 6,871
---------- -------- --------

Total revenue 89,789 165,178 254,967
---------- -------- --------

Expenses
Operations 51,637 31,582 83,219
Cash advance loss provision 17,421 77,729 95,150
Administration 7,992 17,922 25,914
Depreciation and amortization 6,688 3,561 10,249
---------- -------- --------

Total expenses 83,738 130,794 214,532
---------- -------- --------

Income from operations $ 6,051 $ 34,384 $ 40,435
========== ======== ========

Nine months ended September 30, 2007:
--------------------------------------

Revenue
Cash advance fees $ 95,240 $ 134,229 $ 229,469
Check cashing fees, royalties and
other 7,772 5 7,777
---------- -------- --------

Total revenue 103,012 134,234 237,246

Expenses
Operations 50,539 29,535 80,074
Cash advance loss provision 28,716 78,430 107,146
Administration 7,935 9,391 17,326
Depreciation and amortization 5,924 2,074 7,998
---------- -------- --------

Total expenses 93,114 119,430 212,544
---------- -------- --------

Income from operations $ 9,898 $ 14,804 $ 24,702
========== ======== ========

*T

Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100

Copyright Business Wire 2008