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Triangle Credit Union Prepares for Growth with Jack Henry
Prnewswire· 2025-06-09 13:00
Credit union selects Jack Henry for open infrastructure and culture MONETT, Mo., June 9, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced that Triangle Credit Union has chosen Jack Henry's Symitar® platform and complementary products to better serve members and maintain a competitive market position.Triangle Credit Union, which operates eight branch locations and services members across southern New Hampshire and Massachusetts, has grown steadily to support its community. In 1993, the credit union ...
JKHY Gears Up to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2025-05-02 15:30
Core Viewpoint - Jack Henry & Associates, Inc. (JKHY) is expected to report third-quarter fiscal 2025 results on May 5, with sales estimated at $586.14 million, reflecting an 8.84% growth year-over-year, and earnings per share projected at $1.30, indicating a 9.24% increase from the previous year [1][2]. Financial Performance - The company has consistently surpassed the Zacks Consensus Estimate in the last four quarters, with an average surprise of 3.1% [2]. - The services and support revenues are estimated at $332.5 million, showing a 9% growth from the prior year [3]. - The Core segment's revenues are projected at $181.5 million, indicating an 8.9% increase year-over-year [4]. - Payments revenues are expected to reach $215.8 million, reflecting a 6.9% growth compared to the previous year [6]. - The Complementary segment is estimated to generate revenues of $164.9 million, suggesting a 10.5% increase from the year-ago quarter [6]. Growth Drivers - The anticipated results are supported by increasing demand for the Jack Henry Platform, which is a public cloud-native platform for financial institutions, and the company's technology modernization strategies [4]. - Strength in the Payments segment is attributed to robust card transaction solutions and growth in the Enterprise Payment Solutions business [5]. - Continued expansion in faster payments infrastructure, such as PayCenter, and strong sales across Financial Crimes Defender are also expected to contribute positively [5]. Challenges - Ongoing tariff wars, geopolitical tensions, and macroeconomic pressures may negatively impact JKHY's results in the upcoming quarter [7].