Welcome to our dedicated page for Jack Henry & Associates news (Ticker: JKHY), a resource for investors and traders seeking the latest updates and insights on Jack Henry & Associates stock.
Jack Henry & Associates, Inc. (JKHY) delivers core banking technology and digital solutions to financial institutions nationwide. This news hub provides investors and industry professionals with essential updates about the company's strategic developments and market position.
Access timely press releases, earnings reports, and product innovation announcements in one centralized location. Our curated collection simplifies tracking regulatory filings, partnership disclosures, and operational milestones relevant to JKHY's role in financial technology infrastructure.
Key updates include system enhancements for credit unions, risk management tool deployments, and digital banking platform expansions. All content is sourced from official channels to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of JKHY's technological advancements and industry contributions. Regular updates provide critical insights for evaluating the company's performance in the competitive fintech sector.
Capital Credit Union has selected Jack Henry's Symitar® platform to modernize its operations and support future growth. The credit union, founded in 1936 and currently managing over $800 million in assets with more than 32,000 members, made this strategic move after experiencing eightfold growth in 18 years.
The decision was driven by the need for enhanced support, improved security, and better data encryption capabilities, as their existing core platform could no longer support long-term growth objectives. Capital Credit Union chose Jack Henry due to its strong reputation as the largest core provider for credit unions over $1 billion in assets and leadership in the $250M-$1B segment.
The credit union has transitioned to an outsourced core model, implementing integrated solutions and streamlined support systems. This consolidation under one vendor aims to improve operational efficiency, enhance member security, and enable advanced reporting capabilities while allowing employees to focus on member service.
Jack Henry (JKHY) has expanded its collaboration with Mastercard to integrate Mastercard Move into Jack Henry Rapid Transfers™, enabling near-real-time money movement capabilities. This cloud-native service will facilitate seamless domestic payments and account funding through the Mastercard network.
The integration will be initially available through the Banno Digital Platform™, Jack Henry's digital banking solution currently serving 1,000 banks and credit unions with 13.2 million end users. The service will allow customers to move money between accounts at different financial institutions without delays.
This enhancement builds upon Jack Henry's existing alliance with Moov and previous collaborations with Mastercard in open banking, fraud protection, and marketing capabilities. The service will be exclusively offered through financial institutions, aiming to modernize digital payments and enhance customer relationships.
Algebrik AI has joined the Jack Henry™ Vendor Integration Program (VIP), enabling integration of its AI-powered Loan Origination System (LOS) with Symitar® through SymXchange™. This integration allows credit unions to access core data and business rules while maintaining data integrity.
The partnership enables credit unions to modernize their lending experience with features including:
- Hyper-personalized lending experiences
- Reduced abandonment rates and acquisition costs
- Dynamic workflows for fast-track approvals
- Real-time cash flow analysis for smarter underwriting
- Instant loan processing and disbursement with AI-driven decisioning
According to Pankaj Jain, Founder & CEO at Algebrik AI, this integration eliminates adoption barriers through out-of-the-box connectivity, enabling seamless data flow and enhanced member experience while reducing operational overhead.
Jack Henry (Nasdaq: JKHY) has announced upcoming conference presentations by its leadership team in March 2025. President & CEO Greg Adelson will present at two events: the Raymond James 48th Annual Institutional Investors Conference on March 4 at 9:15 a.m. ET and the Bank of America 2025 Electronic Payments Symposium on March 18 at 1:00 p.m. ET.
CFO & Treasurer Mimi Carsley will present at the Morgan Stanley Technology, Media and Telecom Conference on March 5 at 1:45 p.m. ET and the Wolfe Research FinTech Forum on March 11 at 3:10 p.m. ET. Live webcasts will be available for all presentations, with replays accessible on ir.jackhenry.com following the events.
Blend Labs has joined the Jack Henry™ Vendor Integration Program (VIP), enabling integration of Blend's digital platform with SilverLake System® and Symitar® core banking systems. The partnership provides Blend direct access to Jack Henry's technical resources and testing environments.
The integration works through jXchange™ for banks and SymXchange™ for credit unions, maintaining data integrity through a managed service layer. This collaboration aims to streamline deployment of Blend's solution for lenders using these core systems, allowing financial institutions to modernize their deposit account opening operations more rapidly.
The integration enables banks and credit unions to leverage data for personalizing applicant journeys and improving operational efficiency. According to Srini Venkatramani, Head of Product, Technology, and Client Operations at Blend, this partnership demonstrates their commitment to developing proven integrations for seamless banking operations.
Jack Henry & Associates (NASDAQ: JKHY) has announced a 6% increase in its quarterly dividend to $0.58 per share. The dividend will be paid on March 25, 2025, to stockholders of record as of March 6, 2025. This marks the company's 21st consecutive year of dividend increases, with JKHY maintaining an unbroken streak of quarterly dividend payments since 1991.
Jack Henry (JKHY) announced that Azura Credit Union has selected its Symitar® open technology platform to modernize services and drive growth. Azura, founded in 1939, manages over $822 million in assets, operates 12 offices in Northeast Kansas, and serves more than 62,000 members.
The credit union chose Jack Henry's platform for its open and flexible architecture, enabling seamless fintech integration and broader service delivery. The technology will support Azura's data and AI strategies, helping enhance operational efficiencies and gain deeper community insights. The platform's single enterprise approach and continuous evolution were key factors in the selection decision.
Jack Henry & Associates (JKHY) reported strong Q2 FY2025 results with GAAP revenue increasing 5.2% to $573.8 million and non-GAAP adjusted revenue growing 6.1%. GAAP operating income rose 3.4% to $123 million, while non-GAAP adjusted operating income increased 7.3%.
Key financial highlights include:
- GAAP EPS of $1.34 per diluted share, up from $1.26 in prior year quarter
- Services and Support revenue grew 3.5% to $323 million
- Processing revenue increased 7.3% to $250.8 million
- Operating margin was 21.4%
The company maintained its full-year FY2025 guidance with GAAP revenue expected between $2,369-$2,391 million and GAAP EPS projected at $5.78-$5.87. Management reported record Q2 sales attainment for the second consecutive year while maintaining a robust sales pipeline.
Jack Henry (JKHY) has announced a strategic collaboration with Visa to integrate Visa Direct into Jack Henry Rapid Transfers™. This partnership, part of Jack Henry's alliance with Moov, aims to enhance digital payment services for community and regional financial institutions.
The integration will enable real-time account-to-account money transfers through the Visa Direct network, allowing customers to move funds between different bank accounts instantly. The service will provide emergency access to funds for unexpected expenses and urgent payments.
This implementation marks the first phase of Jack Henry's collaboration with Moov, with a cloud-native merchant acquiring solution to follow. The initiative is designed to help financial institutions modernize their payment offerings, strengthen customer relationships, and increase deposits.
Jack Henry & Associates (NASDAQ: JKHY) reported deconversion revenue of $0.1 million for the fiscal second quarter ended December 31, 2024. The company maintains its full-year fiscal 2025 deconversion revenue guidance at $16 million.
Deconversion revenue primarily occurs when a Jack Henry client is acquired by another financial institution, leading to contract termination. Since these revenues are driven by external factors and don't reflect the company's core operations, Jack Henry excludes deconversion revenue from its non-GAAP revenue reporting in quarterly and annual earnings releases.
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