MCLEAN, Va., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. ("Cycurion" or the "Company") (NASDAQ: CYCU), a publicly traded leader in technology and staffing solutions for the public sector, today announces its selection as an approved vendor under the Florida State Term Contract for Information Technology (IT) Staff Augmentation Services. This multi-year contract positions Cycurion at the forefront of Florida's ambitious digital modernization agenda, enabling the Company to deploy elite IT talent across ...

Financial Data and Key Metrics Changes - Core earnings per share for Q3 2025 was $0.91, with year-to-date core EPS at $2.66, reflecting a 3% growth compared to the previous year [5][16] - Net income was reported at $26.8 million or $0.88 per diluted share, while core net income was $27.6 million or $0.91 per diluted share [16] - Net interest income increased by 4.9% to $76.4 million, with net interest margin rising by five basis points to 3.6% [16][17] - Non-performing assets decreased by 34.6% to $12.2 million, representing 0.26% of total assets, and credit quality improved to $79.2 million or 1.67% of total loans [8][16] Business Line Data and Key Metrics Changes - Loans grew by $99 million across multifamily, commercial real estate (CRE), and commercial and industrial (C&I) portfolios, marking a 3.3% growth [11] - The PACE portfolio saw total assessments grow by $27.4 million, with C-PACE growing over 8% [11] - Deposits increased by $415 million, with notable growth in the political segment (19% increase) and climate and sustainability segment (21% increase) [12] Market Data and Key Metrics Changes - Total on-balance sheet deposits increased by $149 million or 1.9% to $7.6 billion, with an additional $265 million held off-balance sheet [17] - The average spot rate paid in deposits declined by eight basis points following a Fed rate cut [17] Company Strategy and Development Direction - The company is investing in a fully integrated digital modernization program to improve productivity and customer understanding [13] - Geographic diversity is emphasized to manage future loan growth targets, with a focus on the evolving policy landscape in New York City [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the bank's performance and ability to handle challenges, noting the importance of transparency in credit disclosures [9][14] - The company raised its full-year 2025 core pre-tax pre-provision earnings guidance to $164-$165 million and tightened net interest income guidance to $295-$296 million [23] Other Important Information - The tangible book value per share increased by 4% to $25.31, with a 46% growth since the previous CEO's first full quarter [17] - The allowance for credit losses on loans decreased to $56.5 million, with a ratio of 1.18% [22] Q&A Session Summary Question: Specific reserve mentioned on Page 11 - The specific reserve of $1.9 million is related to a multifamily property that underwent an appraisal, leading to a change in loan-to-value (LTV) [27][28] Question: Impact of potential rent freezes in New York - Management does not expect significant impact from potential rent freezes in the next 18-24 months, citing other tools for housing development [30][32] Question: Concerns about federal funding for green energy projects - Management reassured that existing projects are secure as they are already underway, despite federal funding changes [37][41] Question: Positioning against regulatory scrutiny - The company focuses on compliance with laws and regulations, emphasizing strong performance and risk management to mitigate regulatory risks [43][44] Question: Expense management and future projections - Management indicated that expenses are on track with the annual target of $170 million, with potential upside if expenses remain consistent [47][50] Question: Loan yields and new originations - Loan yields are expected to decline due to anticipated rate cuts, with current origination yields remaining strong [52][56]

Core Insights - The merger between Fifth Third Bancorp and Comerica, valued at $10.9 billion, will create the ninth-largest bank in the U.S. by assets, emphasizing the importance of scale in deposits, technology, and data in regional banking [3][4][5] - The combined entity will have approximately $288 billion in assets, positioning it among the top 10 U.S. banks, with Fifth Third shareholders owning about 73% and Comerica shareholders 27% of the new company [4][5] - The merger is seen as a strategic move to enhance market presence in high-growth areas and improve commercial capabilities, with a focus on integrating digital platforms alongside physical expansion [5][6] Industry Trends - The merger reflects a broader trend of consolidation among regional and super-regional banks, driven by the need for scale and technological integration to compete with larger national banks and FinTechs [3][8][14] - Regional banks, defined as having $10 billion to $100 billion in assets, are increasingly merging to gain the technological and compliance capabilities necessary to remain competitive in a fragmented market [6][13] - The Federal Reserve's indication of lighter oversight for smaller banks may facilitate faster consolidation in the banking sector [11] Technological Integration - The Fifth Third-Comerica merger will focus on integrating technology, consolidating core systems, data analytics, and payments infrastructure, which is crucial for operational efficiency and cost reduction [14] - The emphasis on digital modernization is evident, as seen in other regional banks like Regions Financial, which reported a 10% year-over-year revenue growth driven by tech investments [10]

Tyler Technologies (TYL) FY Conference Summary Company Overview - Tyler Technologies is an enterprise software company focused exclusively on the public sector vertical market, serving almost all domestic governments in the U.S. with a primary focus on local government [3][4] - The company has a broad portfolio of products and the largest customer base in the public sector software market [5][6] Financial Performance - Tyler has achieved a 20% compound annual growth rate (CAGR) in recurring revenues over the last five years, with 85% of revenues now being recurring [6][8] - SaaS revenue has grown at a 25% CAGR since 2019, marking the seventeenth consecutive quarter of over 20% SaaS growth [7][8] - The company reported a free cash flow margin of just shy of 27% last year, with gross retention rates averaging between 98-99% [8][9] Market Position and Growth Opportunities - The total addressable market (TAM) for public sector software is approximately $32 billion, with Tyler holding about 6% market share, indicating significant growth potential [8][16] - The public sector software market is fragmented, with 88,000 local government entities using hundreds of thousands of systems, many of which are legacy systems that need replacement [21][17] - The shift towards cloud adoption and digital modernization in government operations is expected to drive steady demand for Tyler's solutions [19][20] Product Offerings - Tyler's product categories include ERP and financial systems, courts and justice systems, public safety solutions, K-12 education systems, and civic services [10][12] - The company has a strong focus on mission-critical applications that support government operations, with a significant portion of its employee base having prior public sector experience [22][43] Strategic Initiatives - Tyler is in a new growth era, focusing on cloud transition, expanding its state and federal market presence, and enhancing client experience [14][29] - The company has a history of acquisitions, having completed about 60 since its inception, which has helped expand its product offerings and market reach [23][25] - Key growth pillars include leveraging the existing customer base for cross-selling, expanding into state and federal markets, and growing its transaction-based business following the acquisition of NIC [26][34] Future Outlook - Tyler aims to achieve over 90% recurring revenues by 2030, with a target of $2 billion in total revenues by that year [32][38] - The company anticipates gross margin expansion of 400 to 500 basis points through cloud optimization and product version consolidation [39] - Current guidance for free cash flow margin is set at 24% to 26%, exceeding the initial target of 17% to 19% [40] Unique Selling Proposition - Tyler's unique position in the market stems from its deep vertical focus on public sector needs, extensive product offerings tailored for government, and a workforce with significant public sector experience [42][44]

Tyler Technologies (TYL) Q1 2025 Earnings Call April 24, 2025 06:05 PM ET Company Participants Hala Elsherbini - Senior Director of IRLynn Moore - President & CEOBrian Miller - Executive VP & CFOKirk Materne - Senior Managing Director, Equity ResearchTerry Tillman - Managing DirectorAlexei Gogolev - Executive DirectorSaket Kalia - Managing DirectorCharles Strauzer - Senior Managing Director Conference Call Participants Ken Wong - Managing Director & Senior AnalystMichael Turrin - Managing Director, Software ...