Core Insights - nCino partners with Pinwheel to enhance account activation and primary banking relationships through integrated deposit switching solutions [1][2][5] - Pinwheel's technology significantly improves deposit switch conversion rates, outperforming competitors by 30% [2] - The integration addresses consumer hesitance in switching banks due to the complexities of direct deposit transfers, with over 40% of new accounts remaining inactive [3] Partnership Details - The partnership will create an integration between nCino's Consumer Banking Solution and Pinwheel Deposit Switch, streamlining the account activation process for banks and credit unions [2][5] - Pinwheel's PreMatch feature simplifies the direct deposit switching process to a two-click experience, enhancing user convenience [4] Market Opportunity - A significant 70% of consumers express willingness to switch banks if direct deposits could be transferred instantly, indicating a strong market demand for improved banking solutions [5] - Pinwheel's extensive network includes over 1,800 payroll platforms, covering nearly all U.S. workers paid via direct deposit, positioning it as a leader in the direct deposit switching market [3][6] Company Background - Pinwheel has raised $77 million from notable investors and provides tools for banks and fintechs to facilitate deposit switching and bill management [6]

Company Overview - nCino, Inc. is a leading provider of intelligent banking solutions, helping financial institutions digitize and reengineer business processes to enhance efficiency and customer experience [3] - The company serves over 2,700 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 to improve risk management and customer satisfaction [3] Investor Day Announcement - nCino will host its Investor Day on May 20, 2025, in Charlotte, North Carolina, from 1:00 to 3:00 pm EST [1] - The event will be part of nSight, nCino's annual conference, taking place from May 19-21, 2025 [1] - Attendance to the Investor Day is by invitation only for institutional investors and analysts, and the event will be webcast live [1][2]

Core Viewpoint - Purcell & Lefkowitz LLP is investigating nCino, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1] Group 1 - The investigation is on behalf of nCino, Inc. shareholders [1] - Shareholders interested in more information about their rights and options are encouraged to contact the law firm [1] - The law firm offers consultations at no cost or obligation to shareholders [1] Group 2 - Purcell & Lefkowitz LLP specializes in representing shareholders affected by securities fraud and corporate misconduct [2] - The firm emphasizes its commitment to protecting shareholder rights nationwide [2]

Company Overview - nCino, Inc. is a leading provider of intelligent banking solutions, recently expanding its presence in Europe by partnering with Banque Raiffeisen in Luxembourg [1][4] - Banque Raiffeisen, established in 1926, is Luxembourg's only cooperative bank, known for its commitment to customer-centric values [2][5] Partnership Details - The partnership aims to digitize Banque Raiffeisen's loan and credit chain management, enhancing operational efficiency and regulatory compliance [1][2] - nCino's platform will enable faster loan processing and a seamless digital customer experience for Banque Raiffeisen [2][3] Market Impact - This collaboration marks nCino's entry into the Luxembourg market, expanding its customer base to over twenty countries globally [3] - nCino offers AI-powered solutions across various banking sectors, including commercial onboarding, SME banking, and mortgage lending, aimed at automating processes and improving client experiences [3][4] Strategic Vision - nCino emphasizes the transformative potential of AI and intelligence-driven solutions in the financial services sector, positioning itself as a trusted partner for financial institutions [3][4] - The company integrates AI and actionable insights into its platform to enhance decision-making, risk management, and customer satisfaction [4]

WILMINGTON, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Zions Bancorporation has selected nCino as its technology platform as they digitally transform their loan origination process. Zions Bancorporation is a collection of extraordinary, locally led and community-focused banks serving businesses, households and local governments in some of the best growth markets in the nation. Zions' focus is ...

My previous investment thought on nCino, Inc. (NASDAQ: NCNO ) (published in January) was a downgrade to a hold rating because I was very worried about the negative macro developments. About two and a half months laterI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ult ...

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Group 1 - U.S. stock futures are lower, with Dow futures dropping over 50 points [1] - nCino, Inc. reported weaker-than-expected earnings for its fourth quarter, leading to a 31.5% decline in shares to $19.30 in pre-market trading [1] - nCino expects first-quarter total revenues between $138.75 million and $140.75 million, with adjusted earnings projected at 15 to 16 cents per share [1] Group 2 - Jayud Global Logistics Limited shares fell 78.3% to $0.3490 in pre-market trading [3] - Waton Financial Limited shares tumbled 28% to $14.30 after a significant increase of 396% on Tuesday [3] - Rapport Therapeutics, Inc. shares dipped 24.7% to $7.20 following a 5% decline on Tuesday [3] - Newsmax, Inc. shares fell 21.2% to $183.73 after a surge of 179% on Tuesday [3] - Regencell Bioscience Holdings Limited shares declined 9.6% to $26.21 after a 9% drop on Tuesday [3] - Microvast Holdings, Inc. shares decreased 7.7% to $1.43 after a 32% increase on Tuesday [3] - National CineMedia, Inc. shares fell 5.8% to $5.63 in pre-market trading [3] - MeridianLink, Inc. shares dropped 5.7% to $17.70 in pre-market trading [3] - Hims & Hers Health, Inc. shares dipped 5.2% to $29.45 after a 5% gain on Tuesday [3] - Tesla, Inc. shares fell 2.4% to $261.95 as sales in key European markets continued to decline [3]

Financial Data and Key Metrics Changes - Total revenues for Q4 were $141.4 million, a 14% year-over-year increase, and $540.7 million for fiscal '25, a 13% increase over fiscal '24 [44] - Subscription revenues were $125 million in Q4, a 16% year-over-year increase, and $469.2 million for the full year, a 15% increase year-over-year [44] - Non-GAAP operating income for fiscal '25 was $96.2 million, or 18% of total revenues, compared to $61.8 million, or 13% of total revenues in fiscal '24 [47] - Non-GAAP net income for Q4 was $13.9 million, or $0.12 per diluted share, compared to $23.8 million, or $0.21 per diluted share in Q4 of fiscal '24 [48] Business Line Data and Key Metrics Changes - The Consumer Lending business saw momentum with over 20 new deals in Q4, including two large banks with $80 billion and $50 billion in assets [33] - Professional services revenue was $16.4 million in Q4, a 1% year-over-year increase, and $71.5 million for the full year, a 7% increase year-over-year [44] Market Data and Key Metrics Changes - Non-U.S. total revenues were $33.3 million in Q4, up 34% year-over-year, and $116.2 million for fiscal '25, up 30% year-over-year [45] - The company ended fiscal '25 with 549 customers contributing over $100,000 to subscription revenues, a 10% increase from fiscal '24 [51] Company Strategy and Development Direction - The company aims to evolve into the worldwide leader in AI banking, focusing on leveraging data, analytics, and AI to drive efficiency [6][11] - The strategy includes enhancing the product portfolio with AI-driven solutions and expanding into consumer, small business, and mortgage opportunities [29][34] - The company is focused on executing a disciplined approach to capital allocation and aligning product roadmaps with market needs [30] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic headwinds have eased, and customers are forecasting growth in loan portfolios and deposit positions [39] - The company expects improved gross bookings growth as the year progresses, leading to subscription revenue growth reacceleration in fiscal '27 [23][39] - Management acknowledged challenges in execution and sales momentum but expressed confidence in overcoming these issues [19][40] Other Important Information - The company closed the acquisition of Sandbox Banking for $52.5 million, which is expected to enhance integration capabilities and reduce implementation timelines [50] - The company introduced a new pricing framework, with approximately 15% of ACV on platform pricing as of January 31, 2025 [53] Q&A Session Summary Question: Customer willingness to invest in 2025 - Management indicated that customers are turning the corner on previous headwinds and are focusing on improving efficiency, which aligns with the company's value proposition [84] Question: Difference between ACV and revenue growth rates - Management explained that revenue growth is a lagging indicator, while ACV growth is a leading indicator, with various headwinds impacting revenue projections for fiscal '26 [85][86] Question: Go-to-market investments and sales capacity - Management confirmed that they are solidifying their internal team and making intentional moves to reaccelerate growth in sales leadership and marketing functions [95][96]

Over the last four quarters, the company has surpassed consensus EPS estimates three times. nCino, which belongs to the Zacks Internet - Software industry, posted revenues of $141.37 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $123.69 million. The company has topped consensus revenue estimates four times over the last four quarters. NCino (NCNO) came out with quarterly earnings of $0.12 per share, missing the Zacks Conse ...