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Primis Mortgage Company, Subsidiary of Primis Bank, Becomes First Banked Owned Originator to Adopt FICO® Score 10 T to Increase Access to Homeownership
Businesswire· 2024-02-13 13:00
BOZEMAN, Mont.--(BUSINESS WIRE)--FICO, a global analytics software leader, has announced that Primis Bank, an FDIC-insured and backed institution, is the first bank to adopt FICO® Score 10 T. By tapping FICO’s newest, most innovative, and predictive scoring model, Primis Mortgage is positioned to help more borrowers achieve homeownership and continue its impressive 120 percent year-over-year growth trajectory. This move is a demonstration of Primis’ tech-forward strategy and dedication to helping more fi ...
FICO World 2024 to Spotlight Businesses Leading the "Intelligence Revolution"
Businesswire· 2024-02-12 13:00
BOZEMAN, Mont.--(BUSINESS WIRE)--FICO (NYSE: FICO): Highlights: FICO® World 2024 registration is currently open. Join FICO in San Diego, California from April 15-18. Attendees will learn how to drive toward a successful digital transformation and see the power of FICO® Platform at work. Global analytics software leader FICO today announced that FICO® World 2024 will be held in San Diego, California from April 15-18, 2024. At this event, now in its 48th year, IT and business professionals from over ...
Fair Isaac (FICO) is a Great Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-02-08 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
3 Reasons Growth Investors Will Love Fair Isaac (FICO)
Zacks Investment Research· 2024-01-31 18:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
FICO(FICO) - 2024 Q1 - Earnings Call Transcript
2024-01-27 15:12
Steve Weber Will Lansing Operator Steve Weber There's potentially license. I mean, the renewals are hard to project, frankly, because we don't know when they're going to renew or sometimes they'll renew early, sometimes they will renew later if they'll take on additional pieces. So the renewal pieces is difficult. If you look at the next couple of quarters, we had some Steve Weber B2B revenues were up 12% driven by mortgage origination revenues. Our growth would have been higher if not for the Latin America ...
FICO(FICO) - 2024 Q1 - Earnings Call Presentation
2024-01-27 12:40
© 2023 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation's express consent. 11 SEGMENT PROFITABILITY Quarter Ended December 31, 2022 Quarter Ended December 31, 2023 Unallocated Corporate Expenses Total Scores Software Corporate | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------------|----------------|---- ...
Fair Isaac (FICO) Q1 Earnings Lag Estimates, Revenues Up Y/Y
Zacks Investment Research· 2024-01-26 14:01
Fair Isaac (FICO) reported first-quarter fiscal 2024 earnings of $4.81 per share, missing the Zacks Consensus Estimate by 0.41% but rising 13% year over year.Revenues of $382.1 million increased 10.8% on a year-over-year basis but lagged the consensus mark by 1.16%. Americas, EMEA and Asia Pacific contributed 85%, 9% and 6% to total revenues, respectively.Mortgage originations revenues increased 188%. Auto originations revenues declined 3% year over year. Credit card and personal loan revenues declined 5%.T ...
Here's What Key Metrics Tell Us About Fair Isaac (FICO) Q1 Earnings
Zacks Investment Research· 2024-01-26 00:01
Fair Isaac (FICO) reported $382.06 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.8%. EPS of $4.81 for the same period compares to $4.26 a year ago.The reported revenue represents a surprise of -1.16% over the Zacks Consensus Estimate of $386.55 million. With the consensus EPS estimate being $4.83, the EPS surprise was -0.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...
FICO Announces Earnings of $4.80 per Share for First Quarter Fiscal 2024
Businesswire· 2024-01-25 21:15
BOZEMAN, Mont.--(BUSINESS WIRE)--FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its first fiscal quarter ended December 31, 2023. First Quarter Fiscal 2024 GAAP Results Net income for the quarter totaled $121.1 million, or $4.80 per share, versus $97.6 million, or $3.84 per share, in the prior year period. Net cash provided by operating activities for the quarter was $122.1 million versus $92.4 million in the prior year period. Fi ...
How Fair Issac (FICO) Stock Stands Out in a Strong Industry
Zacks Investment Research· 2024-01-25 14:36
One stock that might be an intriguing choice for investors right now is Fair Isaac Corporation (FICO) . This is because this security in the Computers - IT Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in ...