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Jack Henry (JKHY) Expands Customer Base With Quail Creek Bank
ZACKS· 2024-06-27 17:20
Core Insights - Jack Henry's (JKHY) shares have increased by 2.9% year-to-date, contrasting with a 6.6% decline in the industry, driven by a growing clientele and strong banking solutions [1] Customer Expansion - Jack Henry has recently added Forest Park Bank to its clientele, which will utilize the Banno Digital Platform, contactless cards, and digital wallets to cater to younger customers [3] - Quail Creek Bank has selected Jack Henry to leverage its banking solutions, including real-time payments and digital account opening [2][11] - United Bank has chosen Jack Henry as its technology provider to enhance its lending capabilities and reporting for small and retail business customers [4] - First State Bank has partnered with Jack Henry to utilize its core processing solution and Banno Digital Platform for improved efficiencies [14] Banking Solutions Strength - Jack Henry's robust banking solutions portfolio is a key driver of its customer momentum, with ongoing efforts to strengthen this portfolio [5] - The Banno Business solution is designed to provide modern banking experiences for small-to-medium businesses [6] - A new Daily Dashboard has been introduced for the Financial Performance Suite, offering financial insights to help institutions analyze their financial health [15] Financial Performance Expectations - For fiscal 2024, Jack Henry anticipates GAAP revenues between $2.215 billion and $2.228 billion, with a year-over-year growth estimate of 6.8% [7] - The earnings guidance for fiscal 2024 has been raised to a range of $5.15 to $5.19 per share, indicating a 3.4% increase from the previous year [17]
Quail Creek Bank Chooses Jack Henry to Stay Competitive and Enhance Customer Experience
Prnewswire· 2024-06-26 12:00
Company Overview - Jack Henry™ (Nasdaq: JKHY) is a financial technology company that enhances connections between financial institutions and their clients, focusing on openness, collaboration, and user-centric solutions [1][2][3] - The company has been providing technology solutions for over 48 years, empowering approximately 7,500 clients to innovate and compete effectively [1] Recent Developments - Quail Creek Bank has selected Jack Henry to improve efficiency and enhance both customer and employee experiences in a competitive market [5][6] - The bank, with $800 million in assets, aims to leverage Jack Henry's technology to provide a leading digital experience and focus on community service [6] Technology and Integration - Jack Henry's SilverLake System® will automate internal processes and improve efficiencies, while new features like real-time payments and digital account opening will enhance customer experience [8] - The open ecosystem of Jack Henry allows access to over 950 API-integrated third-party fintechs, facilitating better vendor integration and modernization for community banks [9] Market Context - The competitive landscape for community banks like Quail Creek Bank has shifted towards larger regional and megabanks, making technological competitiveness essential [7][9] - Jack Henry aims to empower community banks to maintain personalized service while improving their technological capabilities to compete effectively [9]
Forest Park Bank Selects Jack Henry to Modernize Banking Experience
Prnewswire· 2024-06-24 12:00
Core Insights - Forest Park Bank has partnered with Jack Henry to enhance customer experience, attract younger clients, and automate operations, reinforcing its community banking model [1][3][4] Company Overview - Forest Park Bank, with $300 million in assets, has been serving the near western suburbs of Chicago since 1943, focusing on small business, commercial real estate, and consumer lending [2] - The bank is distinguished by its commitment to community banking, local ownership, decision-making, and high-touch customer service [2] Technology Needs - The bank required a modern technology provider to support its community focus and compete with larger banks while enhancing customer service and attracting younger demographics [3] - Jack Henry's offerings include the Banno Digital Platform™, contactless cards, digital wallets, and an improved account opening process [3] Strategic Goals - 2024 is identified as a transformative year for Forest Park Bank, aiming to maintain its identity as a community-focused, independently owned bank [4] - Jack Henry's solutions will help the bank grow through scale and efficiencies, automating processes and supporting sales efforts [4] Integration and Compliance - Jack Henry's hosted core processing solution, document storage, and reporting tools will enhance information sharing, reporting, and data presentation [4] - The Financial Crimes Defender™ will provide real-time fraud and BSA compliance, improving the overall customer experience [4] Industry Context - Historic community banks like Forest Park Bank must modernize customer experiences and processes to remain competitive, especially in large metropolitan areas like Chicago [4] - Jack Henry's technology aims to level the playing field for community banks, enabling them to sustain the community banking model [4]
U.S. News & World Report Ranks Jack Henry as a Best Company to Work For
Prnewswire· 2024-06-18 18:00
Company Overview - Jack Henry has been recognized as one of the 2024 – 2025 Best Companies to Work For by U.S. News & World Report, highlighting its commitment to creating a positive workplace environment [7][8] - The company operates as a financial technology provider, serving approximately 7,500 clients and focusing on innovation, collaboration, and user-centric solutions [5] Employee Sentiment and Workplace Factors - U.S. News' ratings reflect evolving employee sentiments that influence workplace decisions, including pay quality, work-life balance, job stability, and opportunities for professional development [2][3] - Jack Henry's CEO emphasized the importance of belonging, advancement opportunities, flexibility, and stability as key qualities that contribute to a positive work environment [8] Methodology of Rankings - The U.S. News Best Companies to Work For list includes 549 companies, evaluated based on employee sentiment data and other factors, with a focus on companies within the Russell 3000 index [3] - The methodology was developed with input from a panel of experts and considers a minimum of 75 Glassdoor reviews from 2020 to 2023 [3]
Jack Henry Executives to Present at Upcoming Investor Events
Prnewswire· 2024-05-30 20:15
Group 1 - Jack Henry & Associates, Inc. will participate in several upcoming conferences, with presentations by President & COO Greg Adelson and CFO Mimi Carsley [1][2] - The Baird Global Consumer, Technology & Services Conference presentation is scheduled for June 4 at 8:30 a.m. ET, and will be available via live webcast [1] - The Morgan Stanley US Financials, Payments & CRE Conference presentation is set for June 10 at 11 a.m. ET, also accessible through a live webcast [2] Group 2 - Jack Henry is a financial technology company listed on the Nasdaq, focusing on enhancing connections between financial institutions and their clients [3] - The company has been operational for over 47 years, providing technology solutions that help clients innovate and compete effectively [3] - Jack Henry serves approximately 7,500 clients, emphasizing user-centric innovation and insight-driven solutions to promote financial health [3]
Jack Henry President, CFO to Speak at Upcoming Investor Events
prnewswire.com· 2024-05-28 12:00
Core Insights - Jack Henry & Associates, Inc. will participate in two upcoming conferences, with presentations by key executives [1][2] - The company emphasizes its role as a financial technology provider, serving approximately 7,500 clients [3] Group 1: Conference Participation - Greg Adelson, President & COO, will present at Bernstein's 40th Annual Strategic Decisions Conference on May 29 at 10 a.m. ET [1] - Mimi Carsley, CFO & Treasurer, will present at the William Blair Growth Stock Conference on June 6 at 1 p.m. ET [2] - Live webcasts of both presentations will be available, with replays accessible on the company's investor relations website [2] Group 2: Company Overview - Jack Henry is an S&P 500 financial technology company focused on enhancing connections between financial institutions and their clients [3] - The company has been providing technology solutions for over 47 years, enabling clients to innovate and compete effectively [3] - Jack Henry prioritizes openness, collaboration, and user-centricity, offering a vibrant ecosystem of capabilities and integration with leading fintechs [3]
Jack Henry (JKHY) Boosts Customer Base With Daily Dashboard
Zacks Investment Research· 2024-05-15 16:51
Jack Henry (JKHY) continues to strengthen its overall portfolio offerings to expand its clientele, which remains its growth driver. Its shares have gained 1.7% in the year-to-date period, outperforming the industry's decline of 2.6%. This is evident from its latest introduction of a new Daily Dashboard for its cloud platform, Financial Performance Suite (FPS). The Daily Dashboard provides financial and performance insights for financial institutions to help them analyze loan and deposit balances, credit, an ...
Jack Henry(JKHY) - 2024 Q3 - Quarterly Report
2024-05-09 19:34
OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ________________ Commission file number 0-14112 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 JACK HENRY & ASSOCIATES, INC. (Exact name of registrant as specified in its charter) Delaware 43-112838 ...
Jack Henry Enhances Financial Performance Suite with Daily Dashboard
Prnewswire· 2024-05-09 14:00
Cloud-native tool provides daily insights into financial, operational, and performance metrics MONETT, Mo., May 9, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is pleased to announce a new Daily Dashboard available for its Financial Performance Suite (FPS), a fully hosted, cloud-native platform. FPS offers banks and credit unions robust budgeting, financial reporting, board reporting, and profitability analysis. The new Daily Dashboard enhances visibility for financial institutions by providing daily ins ...
Compared to Estimates, Jack Henry (JKHY) Q3 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-08 20:00
Jack Henry (JKHY) reported $538.56 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.9%. EPS of $1.19 for the same period compares to $1.12 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $541.43 million, representing a surprise of -0.53%. The company delivered an EPS surprise of +2.59%, with the consensus EPS estimate being $1.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...