Jack Henry & Associates Stock Price, News & Analysis

Jack Henry, a technology solutions provider, announced that First Federal Bank of Kansas City (FFBKC) has selected its services to drive growth and innovation. FFBKC, a mutual bank with $960 million in assets, aims to enhance customer experience and expand its small business services, particularly in real estate. Jack Henry's hosted core processing solution and Banno Digital Platform will streamline operations and improve digital banking for retail and commercial customers. The bank's expansion plan includes offering loans to SMBs, supported by Jack Henry's enterprise solutions like treasury, document, and workflow management, and LoanVantage for commercial real estate lending. Both companies share a strong local community focus, and the partnership will help FFBKC surpass $1 billion in assets while remaining agile and responsive to market opportunities.

Jack Henry (NASDAQ: JKHY) announced that Quail Creek Bank, a single-location community bank in Oklahoma City with $800 million in assets, has chosen Jack Henry to enhance its competitive edge and customer experience. The bank aims to leverage Jack Henry's SilverLake System® to automate internal processes, enable real-time payments, digital account opening, and electronic document delivery. Celebrating its 50th anniversary, Quail Creek Bank plans to maintain its local decision-making and quality customer service amidst competition from megabanks and regional institutions. The bank's technology modernization plan also includes better vendor integration through Jack Henry's open ecosystem, providing access to over 950 API-integrated third-party fintechs.

Jack Henry (Nasdaq: JKHY) announced that Forest Park Bank has chosen its technology solutions to modernize and improve customer experience. The $300 million-asset bank aims to stay competitive, attract younger clients, and maintain its community focus. Jack Henry will provide a suite of modern services, including Banno Digital Platform™, contactless cards, digital wallets, and an improved account opening process. The partnership will also enhance operational efficiency through hosted core processing, document storage, and reporting tools, while ensuring real-time fraud and BSA compliance through Financial Crimes Defender™. Forest Park Bank views 2024 as a transformative year, with these technologies expected to streamline operations and boost customer service.

Jack Henry (Nasdaq: JKHY) has been recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For. This accolade highlights Jack Henry's commitment to providing a workplace that meets employees' needs, including opportunities for advancement, flexibility, and stability.

U.S. News' ratings are based on various metrics such as quality of pay and benefits, work-life balance, job stability, and career development. The list, which includes 549 companies across different sectors, is derived from reviews and data collected between 2020 and 2023 from sources like Revelio Labs, Good Jobs First, and QUODD.

David Foss, Jack Henry's CEO, expressed pride in the company's inclusion on the list, emphasizing the importance of creating a positive work environment.

Jack Henry announced its participation in upcoming investor conferences. Greg Adelson, President & COO, will present at the Baird Global Consumer, Technology & Services Conference on June 4 at 8:30 a.m. ET. The presentation will be webcast live.

Mimi Carsley, CFO & Treasurer, will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 10 at 11 a.m. ET, and at the RBC Capital Markets Financial Technology Conference on June 11 at 8:40 a.m. ET. Both presentations will also be webcast live. Replays of all events will be available on Jack Henry's investor relations website.

Jack Henry has announced its participation in upcoming investor conferences. Greg Adelson, President & COO, will present at Bernstein's 40th Annual Strategic Decisions Conference on May 29 at 10 a.m. ET. Mimi Carsley, CFO & Treasurer, will speak at the William Blair Growth Stock Conference on June 6 at 1 p.m. ET. Both presentations will be webcast live, with replays available afterward on the company's investor relations website.

Jack Henry has introduced a new Daily Dashboard to enhance its Financial Performance Suite, providing banks and credit unions with daily insights into financial, operational, and performance metrics. The cloud-native platform offers various tools to monitor budgeting, financial reporting, board reporting, profitability analysis, loans, deposits, and more. The Daily Dashboard aims to improve visibility and decision-making for financial institutions by offering detailed insights into key areas.

Jack Henry & Associates, Inc. declared a regular quarterly cash dividend of $.55 per share payable on June 17, 2024, to stockholders of record as of May 28, 2024.

Jack Henry & Associates, Inc. reported positive financial results for the third quarter of fiscal 2024, with increases in revenue and operating income compared to the prior year. The company also provided updated guidance for the full fiscal year, showcasing growth in revenue and operating margin. CEO David Foss highlighted the strong sales performance and innovative solutions offered to financial institutions. The company's cash position improved, while debt decreased, contributing to a favorable balance sheet. Overall, Jack Henry & Associates, Inc. demonstrated solid performance and strategic positioning in the financial technology sector.