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.
Jack Henry & Associates (NASDAQ: JKHY) announced that The Bank of Missouri successfully utilized its BusinessManager A/R financing program to provide a $40 million loan to a major regional food service business. This represents the largest line of funding through the program to date. The financing helped the business improve cash flow, pay temporary staff, and manage financial health during the pandemic. The president of the bank noted that this partnership allows them to support local businesses and manage portfolio risk effectively during economic uncertainty.
Jack Henry & Associates (NASDAQ: JKHY) announced that 1st United Credit Union has selected its Episys core platform and Banno Digital Platform. This partnership aims to enhance member services by offering a flexible, customizable banking experience. The $1.2 billion credit union anticipates immediate efficiency gains and a new level of integration across services, particularly in bill pay. Joanna Uhl, CIO of 1st United, expressed confidence in Jack Henry's innovative solutions, while Shanon McLachlan of Symitar emphasized the importance of innovation in financial services.
Jack Henry & Associates declared a quarterly cash dividend of $.43 per share, effective September 28, 2020. Stockholders of record by September 9, 2020, will receive this dividend. As of August 19, 2020, there were 76,641,833 shares of common stock outstanding. This action reflects the company's ongoing commitment to returning value to its shareholders and signifies a positive outlook on financial sustainability.
Jack Henry & Associates reported a 9% increase in GAAP revenue and a 10% increase in operating income for the fiscal year ending June 30, 2020, amounting to $1.697 billion in revenue. GAAP EPS rose to $3.86 from $3.52 in the previous year. Cash surged to $213.3 million, a 128% increase. For FY 2021, guidance expects revenue between $1.75B and $1.77B and EPS between $3.70 and $3.75. However, Q4 saw a 3% decline in operating income with revenue growth slowing due to COVID-19 impacts.
Jack Henry & Associates (NASDAQ: JKHY) has launched the Jack Henry Loan Marketplace, an innovative online platform designed for financial institutions to streamline the buying, selling, and trading of loans. This marketplace aims to enhance liquidity and aid in the diversification of loan portfolios, addressing the needs of smaller banks and credit unions. By facilitating direct connections between institutions and eliminating broker requirements, the marketplace offers improved transparency and faster transactions. Participants can filter listings by various metrics, ensuring a tailored experience to meet their funding needs.
Jack Henry & Associates (NASDAQ: JKHY) announced that OE Federal Credit Union has selected the Episys core platform, hosted in Jack Henry's private cloud, to support its growth and operational flexibility. The $1.2 billion credit union chose Jack Henry for its efficiency, innovation, and member service capabilities. OE Federal emphasized the advantages of Jack Henry's infrastructure, including enhanced security and data resiliency, crucial for future-readiness. The Symitar division's partnership with over 250 credit unions highlights the trust in their cloud solutions.
Jack Henry & Associates (NASDAQ: JKHY) announced that over 300 banks and credit unions are now using its Banno Digital Platform, enhancing digital experiences for over 2.6 million monthly active users. FirstBank successfully integrated the platform to improve customer engagement, while TruStone Financial reported a 10% increase in mobile app enrollment and a 70% boost in engagement after adopting Banno Mobile. The Banno Digital Toolkit allows financial institutions to integrate third-party technology efficiently, reinforcing Jack Henry's commitment to delivering user-friendly, technology-driven solutions.
Jack Henry & Associates (NASDAQ: JKHY) will host a live webcast of its fourth quarter and fiscal year end 2020 earnings conference call on August 19, 2020, after issuing the earnings announcement post-market on August 18, 2020. The webcast will start at 7:45 AM Central (8:45 AM Eastern) and will be accessible on the company's website. An archived replay will be available approximately one hour after the live call. Jack Henry is a leading provider of technology solutions for the financial services industry, serving about 9,000 clients nationwide.
Jack Henry & Associates (NASDAQ: JKHY) aids Lakeside Bank in its transition to a cloud-hosted SilverLake System core and Jack Henry Digital services, enhancing its growth strategy while maintaining community banking values. Lakeside Bank aims to grow from $80 million to $500 million in assets within five years. The bank successfully processed $23 million in PPP loans, demonstrating efficiency with Jack Henry's systems. The partnership focuses on expanding services, improving efficiency, and integrating technology with personal customer service.
Jack Henry & Associates (NASDAQ: JKHY) has partnered with NuData Security, a Mastercard company, to integrate advanced behavioral security into the Banno Digital Platform. This collaboration aims to enhance digital banking by accurately identifying genuine users while minimizing fraud risks. The technology analyzes 650 billion behavioral data points, blocking over 99% of automated fraud attempts. This initiative not only improves user experience but also reduces operational costs for financial institutions, addressing the growing sophistication of cyber threats in the digital banking landscape.
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