Cash America earnings increase in second quarter.

FORT WORTH, Texas--(BUSINESS WIRE)--July 19, 1995--Cash America International, Inc. (NYSE: PWN) reported that net income for the second quarter ended June 30, 1995 was $3,103,000 (11 cents per share), compared to $3,055,000 (11 cents per share) for the same period in 1994. Net revenue increased 16 percent to $36,301,000 for the three months ended June 30, 1995 vs. $31,264,000 during the second quarter of 1994. For the first half of 1995, the company posted a 24 percent increase in net revenue, which rose from $59,240,000 in 1994 to $73,368,000 through June 30, 1995. Net income for the six months ended June 30, 1995 was up 8 percent to $6,457,000 (22 cents per share) from $5,988,000 (21 cents per share) for the same period in 1994.

Commenting on the financial results for the first six months of 1995, Chairman and Chief Executive Officer Jack R. Daugherty said, "Seasonal results of Cash America were impacted by the timing of the distribution of tax refund checks mailed to many of our customers. Typically our industry experiences increased loan activity in the second quarter after loan balances fall during the first three months of the year when tax refunds are normally received. However, in 1995 the company's loan balances remained steady through early March and eased beginning in April as tax refunds were distributed later than usual." The alteration of customers' cash flow contributed to a moderate growth in pawn service charges of 8 percent in the company's primary market, the United States, during the second quarter. Partially offsetting the impact on pawn service charges was a healthy 28 percent growth in retail sales for the quarter.

"The expansion of the Cash America base of stores over the last 12 months will provide our company with a platform for growth as we enter the last half of 1995. We believe that the impact on revenue from the changes in tax refunds was a timing issue which will not affect our opportunities over the long run," continued Daugherty. Cash America added 22 stores in the United States and four stores in the United Kingdom during the first six months of 1995 and has added 60 new locations, 45 in the United States and 15 overseas, since June 30, 1994.

Cash America International, Inc. operates the largest chain of pawnshops in the world serving the non-traditional finance sector through 366 outlets located in the United States, the United Kingdom and Sweden. -0-

                    Cash America International, Inc.
               Summary of Consolidated Operating Results
               (Dollars in thousands, except per share)

                                                1995      1994
                                                ----      ----
Income Statement Data For The
 Three Months Ended June 30:

       Pawn Service Charges                   $28,983   $24,917
       Sales                                   41,215    32,286
       Gross Profit From Sales                  7,316     6,347
       Net Revenues                            36,299    31,264
       Total Operating Expenses                28,596    25,142
       Income From Operations                   7,703     6,122
       Interest Expense                         2,529     1,202
       Net Income                               3,104     3,055

       Net Income per Share                    $ 0.11    $ 0.11

Weighted Average Shares (in thousands)         28,907    28,864
Income Statement Data For The
 Six Months Ended June 30:

       Pawn Service Charges                   $59,086   $46,024
       Sales                                   82,315    66,493
       Gross Profit From Sales                 14,282    13,216
       Net Revenues                            73,368    59,240
       Total Operating Expenses                57,932    47,244
       Income From Operations                  15,436    11,996
       Interest Expense                         4,987     2,163
       Net Income                               6,457     5,987

       Net Income per Share                   $  0.22   $  0.21

Weighted Average Shares (in thousands)         28,965    28,934

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Data As Of:                           6/30/95   12/31/94   6/30/94
                                      -------   --------   -------
  Balance Sheet-
     Loans Outstanding                $78,941    $78,095   $59,878
     Inventory                         80,846     80,894    68,083

  Number of Stores-                       366        340       306

  Amounts Per Store-

     Consolidated-
       Loans Outstanding              $   216    $   230   $   196
       Inventory                          221        238       222

     Domestic-
       Loans Outstanding              $   140    $   159   $   166
       Inventory                          250        269       245

CONTACT: Cash America International, Inc.

Thomas A. Bessant Jr., or Michele L. Rosenblum

817/335-1100.