First American Bank and Trust Taps Jack Henry Technology to Power Next Phase of Growth
Rhea-AI Summary
Jack Henry (Nasdaq: JKHY) announced that First American Bank and Trust, a $1.4 billion-asset Louisiana community bank, selected its modern core processing platform and Banno Digital Platform to enhance digital banking, efficiency, and resilience.
The bank will shift from in-house to a hosted model to improve disaster recovery in a hurricane-prone region, use Banno tools for credit scoring and financial insights, and deploy Tap2Local to support growth in its small business portfolio through integrated payments and accounting. Jack Henry’s open ecosystem also provides access to more than 1,000 third-party fintech integrations.
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News Market Reaction – JKHY
In the Jun 17 session, JKHY declined 3.92%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 15 | Bank tech win | Positive | +1.6% | CorTrust Bank selected Jack Henry’s core and digital solutions to support growth. |
| Jun 04 | Leadership change | Neutral | -1.8% | Announcement of Board Chair David Foss’s planned retirement and succession plan. |
| Jun 02 | Fintech integration | Positive | -3.0% | Aeropay integration using Jack Henry’s Payments Orchestrator for instant pay-by-bank. |
| May 29 | Investor conferences | Positive | +0.1% | Leadership participation in four June 2026 investor conferences with webcasts. |
| May 28 | Major core signing | Positive | -0.0% | Woodforest National Bank chose Jack Henry’s modern core in its largest core win. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive partnership and customer-win news has often seen muted or negative next-day moves, while management changes also drew a negative reaction.
Over the past few months, Jack Henry has repeatedly highlighted growth in its bank technology franchise, with wins like Woodforest National Bank and CorTrust Bank and an integration with Aeropay, plus visibility from multiple June investor conferences. Despite generally constructive fundamentals, price reactions were mixed, including declines after the Aeropay integration and Woodforest signing. The current First American Bank and Trust win continues this theme of adding sizable community and regional banks to its modern core and digital platforms.
Key Terms
core processing platform technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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To better meet evolving customer expectations and remain competitive with larger regional and national institutions, First American Bank and Trust selected Jack Henry's modern core processing platform. The bank will move from an in-house environment to a hosted model, improving efficiency while enhancing disaster recovery and resiliency – critical in a region frequently impacted by hurricanes.
The Banno Digital Platform™ will improve the bank's digital experience, giving customers greater visibility into their financial lives with tools such as credit scoring and enhanced financial insights. These capabilities are embedded into the platform to provide customers with better control of their finances. And, Tap2Local™ will support the bank's goal of growing its small business portfolio by providing it with a simple, integrated solution for accepting payments and streamlining accounting. The bank will further differentiate through Jack Henry's open ecosystem, which offers open integrations to more than 1,000 third-party fintechs.
"We were looking for a technology provider that can help us move forward while staying true to who we are as a community bank," said Ronnie Falgoust, President and CEO of First American Bank and Trust. "Jack Henry stood out for its strong reputation for customer support, ongoing investment in innovation, and open approach to technology. This will help us deliver better tools and experiences for our customers while supporting our plans to grow organically, particularly on the small business side."
Jack Henry's strategy of delivering modern service components in the public cloud was also a key factor for First American Bank and Trust. "You can see the pace of innovation in how their platform continues to evolve, making them stand out on the market," Falgoust added. "This ongoing development, combined with what we heard from peers, gave us confidence that we're making the right decision."
"First American Bank and Trust has built a strong legacy by continuing to evolve alongside its customers," said Jonathan Baltzell, President of Bank Solutions at Jack Henry. "With the right technology in place, the bank is well positioned to scale, innovate, compete, and deliver the experiences that make it the center of their accountholders' financial journeys."
About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
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SOURCE Jack Henry & Associates, Inc.