WILMINGTON, N.C., March 18, 2025 (GLOBE NEWSWIRE) -- Sandbox Banking, an nCino (NASDAQ:NCNO) company, today announced that Glyue® has been introduced in the Zoom App Marketplace, a powerful collaboration with Zoom that transforms the Zoom Contact Center into a comprehensive solution for banks and credit unions. Selected by Zoom for its expertise in fintech integrations, Sandbox Banking has developed the Glyue® for Zoom app to effortlessly link Zoom's communication tools with back-office systems, automate wo ...

Core Insights - nCino has expanded its presence in Europe by partnering with Československá obchodní banka (ČSOB) in the Czech Republic to enhance its Commercial and SME Lending operations [1][2][3] Company Overview - nCino is a leading provider of intelligent banking solutions, with over 1,800 customers globally, including community banks, credit unions, and large financial entities [4] - The company focuses on digitizing and reengineering business processes to improve efficiency and customer experience by integrating artificial intelligence and actionable insights [4] Client Profile - ČSOB, a subsidiary of KBC Bank NV, is one of the top 30 banks in Europe and has over 50 years of experience in Czech financial services [2][5] - The bank aims to leverage nCino's Commercial Lending Solution to enhance operational efficiency and provide personalized services to its diverse clientele, including SMEs and corporate clients [2][3] Strategic Goals - The partnership aims to provide fast, tailored lending solutions that meet the evolving demands of the market [3] - nCino's solutions are designed to streamline processes, reduce operational inefficiencies, and deliver automated client experiences across various banking sectors [3]

Core Insights - nCino, Inc. has been selected by Československá obchodní banka (ČSOB) to implement its platform for digitizing and streamlining Commercial and SME Lending operations [1][2] - ČSOB aims to enhance operational efficiency and provide personalized services through nCino's Commercial Lending Solution [2][3] - nCino has a broad customer base across Europe, including neobanks and major banks, offering solutions that improve operational processes and client experiences [3][4] Company Overview - nCino is a leading provider of intelligent banking solutions, helping financial institutions digitize and optimize business processes [4] - The company has over 1,800 customers globally, including various types of financial entities, and integrates AI to enhance decision-making and customer satisfaction [4] - ČSOB, a subsidiary of KBC Bank NV, serves a diverse clientele and offers a wide range of banking products and services [5]

Core Viewpoint - nCino (NCNO) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates [1][3] Earnings Estimates and Stock Price Impact - The Zacks rating system is influenced by changes in a company's earnings potential, which correlates strongly with stock price movements [4] - Rising earnings estimates for nCino suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10] Specific Earnings Data for nCino - For the fiscal year ending January 2025, nCino is expected to earn $0.72 per share, reflecting a 44% increase from the previous year [8] - Over the past three months, the Zacks Consensus Estimate for nCino has increased by 32.6% [8]

Core Insights - nCino, Inc. announced a partnership with San ju San Bank to implement its Mortgage Solution, aiming to enhance the bank's operational efficiency through digital transformation [1][2]. Company Overview - nCino is a leading provider of intelligent banking solutions, focusing on helping financial institutions digitize and improve their business processes. The company has over 1,800 customers globally, including various types of financial entities [3]. - San ju San Bank is a regional financial institution in Japan, committed to contributing to local community growth and economic development [4]. Implementation Details - The implementation of the nCino Platform will replace manual tasks in San ju San Bank's mortgage operations with digital, paperless processes, thereby reducing employee workload and improving workflow efficiency [2]. - The bank aims to use the time saved from these efficiencies to enhance internal processes and focus on customer-centric experiences [2]. Strategic Vision - nCino's partnership with San ju San Bank aligns with the bank's vision of becoming a leading financial group in Japan through the adoption of innovative technology [3]. - The collaboration is expected to deepen nCino's presence in the Japanese market while supporting the bank's ongoing success [3].

Core Viewpoint - nCino, Inc. is set to report its financial results for the fourth quarter and fiscal year ending January 31, 2025, on April 1, 2025, after market close, followed by a conference call to discuss these results [1][2]. Company Overview - nCino is a leading provider of intelligent banking solutions, aimed at helping financial institutions digitize and optimize their business processes to enhance efficiency and customer experience [3]. - The company serves over 1,800 customers globally, including community banks, credit unions, independent mortgage banks, and major financial entities [3]. - nCino integrates artificial intelligence and actionable insights into its platform, assisting financial institutions in consolidating legacy systems, improving risk management, and enhancing customer satisfaction [3].

Core Viewpoint - nCino (NCNO) has experienced a significant decline in share price, dropping 19.9% over the past three months, which contrasts with the broader Zacks Computer & Technology sector's increase of 2.2% and the Zacks Internet - Software industry's rise of 17.7% [1] Group 1: Performance and Competition - The underperformance of nCino is attributed to intense competition in the fintech industry, particularly from companies providing similar cloud-based solutions [1] - Despite the challenges, nCino has shown strong sales momentum, highlighted by multi-solution deals and expansion in key markets such as the United States, Japan, and Norway [3] - Over the trailing six-month period, nCino has outperformed industry peers like AudioEye (AEYE) and Synchronoss Technologies (SNCR), which saw share losses of 13% and 3.9%, respectively [4] Group 2: Strategic Partnerships and Acquisitions - nCino's expanding clientele has been a major growth driver, with significant sales momentum in the fiscal third quarter of 2025, including over 30 multi-solution deals [5] - Major deals secured in the fiscal third quarter include an expansion with a top-40 U.S. bank and signing its largest customer in Japan, Tokushima Taisho Bank, indicating strong demand for its solutions [6] - The acquisition of FullCircl is expected to enhance nCino's onboarding capabilities and contribute to an $800 million increase in its global serviceable addressable market [11] - The acquisition of DocFox has improved nCino's platform by streamlining the client onboarding process for commercial and business banking [12] Group 3: Financial Outlook - For the fourth quarter of fiscal 2025, nCino expects revenues between $139.5 million and $141.5 million, with non-GAAP earnings projected at 72-73 cents per share [13] - The Zacks Consensus Estimate for fourth quarter revenues is $140.62 million, indicating a year-over-year growth of 13.69% [14] - The consensus estimate for fiscal 2025 revenues is $540.08 million, reflecting a year-over-year growth of 13.33% [14] Group 4: Valuation and Investment Potential - nCino is currently trading at a premium, with a forward 12-month Price/Sales ratio of 6.15X, higher than the industry's 3.33X [16] - Despite the premium valuation, nCino's strong portfolio, expanding clientele, and acquisitions justify this valuation [19] - nCino carries a Zacks Rank 1 (Strong Buy) and has a Growth Score of B, indicating a strong investment opportunity [19]

Core Insights - nCino has acquired Sandbox Banking for $52.5 million in cash, with an additional earn-out opportunity of up to $10 million based on specific financial and product development metrics, enhancing its data connectivity and operational efficiency for financial institutions [4]. Group 1: Acquisition Details - The acquisition of Sandbox Banking strengthens nCino's capabilities in providing an Integration Platform as a Service (iPaaS) solution, which is crucial for enhancing data connectivity and streamlining operations for banks and credit unions [1][2]. - nCino has partnered with Sandbox Banking for years, witnessing firsthand the benefits of their technology in improving transparency and reducing integration friction [3]. Group 2: Benefits of the Acquisition - Financial institutions can expect accelerated deployment of services due to customizable prebuilt integrations and advanced connectivity capabilities, which reduce project implementation timelines [5]. - The integration will provide a library of prebuilt connectors for over 50 industry-leading solutions, enhancing operational efficiency and reducing manual data entry errors [5]. - The acquisition aims to create a single source of truth by connecting data from all systems into one accurate and auditable platform, supporting transparency and regulatory compliance [5]. Group 3: Company Background - nCino is a leading provider of intelligent banking solutions, serving over 1,800 customers globally, including community banks and large financial entities [6]. - Sandbox Banking specializes in digital transformation for financial institutions, offering Glyue®, an iPaaS that connects popular core banking platforms with various industry solutions [7].

Core Viewpoint - nCino, Inc. has appointed Justin Nyweide to its Board of Directors, enhancing its governance and strategic direction in the financial services sector [1][3]. Company Overview - nCino is a leading provider of intelligent banking solutions, focusing on helping financial institutions digitize and improve business processes to enhance efficiency and customer experience [4]. - The company serves over 1,800 customers globally, including community banks, credit unions, independent mortgage banks, and major financial entities [4]. Appointment Details - Justin Nyweide brings over 20 years of experience in investing and partnering with growth companies in technology, software, internet, and financial services [2]. - He is the Founding Partner and Chief Investment Officer of HMI Capital, which is a significant shareholder of nCino and has a long-standing relationship with the company [2]. - Nyweide will serve on the Board's Audit Committee, and his expertise is expected to enhance the Board's capabilities in advancing nCino's growth objectives [3]. Cooperation Agreement - nCino has entered into a Cooperation Agreement with HMI Capital, which includes customary standstill, voting, and other provisions [3]. - This agreement will be disclosed in nCino's Current Report on Form 8-K, to be filed with the U.S. Securities and Exchange Commission [3]. Strategic Goals - Nyweide expressed enthusiasm about partnering with the Board and management to drive durable and profitable growth for nCino [3].

Core Viewpoint - nCino, Inc. has appointed Sean Desmond as the new President and CEO, succeeding Pierre Naudé, who will remain as Executive Chairman to ensure a smooth transition [1][2]. Leadership Transition - Sean Desmond's appointment follows a thorough succession planning process, and he is expected to lead nCino through its next phase of growth and innovation [2]. - Desmond has been with nCino since 2013, previously serving as Chief Customer Success Officer and most recently as Chief Product Officer, overseeing a significant portion of the company's workforce [2][3]. - Chris Gufford has been appointed as the new Chief Product Officer, previously serving as Executive Director and General Manager of nCino Commercial Banking since 2021 [3]. Company Guidance - nCino reaffirmed its guidance from the third quarter fiscal year 2025 earnings call, although the books for the fourth quarter and fiscal year 2025 have not yet been closed [4]. Company Overview - nCino is a leading provider of intelligent banking solutions, helping financial institutions digitize and enhance business processes to improve efficiency and customer experience [5]. - The company serves over 1,800 customers globally, including community banks, credit unions, and large financial entities, and integrates AI and actionable insights into its platform [5].