nCino Announces Stock Repurchase Program

Rhea-AI Summary

nCino (NASDAQ: NCNO) announced that its Board authorized a $100,000,000 stock repurchase program on December 8, 2025. The Company may repurchase shares via open market purchases, block trades, privately negotiated transactions, accelerated stock repurchases, or other means, and may adopt Rule 10b5-1 plans.

Repurchases will be at management's discretion and are subject to market conditions, capital management, regulatory requirements and other factors. The program has no set time limit, does not obligate any specific repurchases, and may be modified, suspended, or discontinued. Funding is expected from existing cash, credit facility capacity, and/or future cash flows.

Positive

• $100,000,000 repurchase authorization announced
• Company intends to fund repurchases from cash and credit capacity
• Prior repurchase authorization was fully utilized

Negative

• Program has no time limit, creating timing uncertainty
• Authorization does not obligate any specific repurchases
• May use credit facility capacity, implying potential leverage

Key Figures

New repurchase authorization $100,000,000 Maximum amount under newly authorized stock repurchase program

Share price (pre-news) $23.39 Last close before announcement; <b>45.45%</b> below 52-week high

52-week high $42.88 Upper end of past year trading range for NCNO

52-week low $18.7501 Lower end of past year trading range for NCNO

Market capitalization $2,792,578,971 Equity value before the new buyback announcement

Market Reality Check

$25.47 Last Close

Volume Volume 3,773,849 is 1.78x the 20-day average of 2,122,771 shares. high

Technical Shares at $23.39, trading below 200-day MA of $27.04 ahead of the buyback news.

Peers on Argus

NCNO was down 3.98% while key software peers showed mixed, mostly positive moves (e.g., FRSH +1.9%, BRZE +1.75%, INTA -1.93%), indicating stock-specific dynamics rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 03	Earnings results	Positive	+4.5%	Strong Q3 growth, higher margins, and completion of $100M buyback.
Dec 03	Board changes	Positive	+4.5%	Two new independent directors with AI product and platform expertise.
Nov 25	Investor conferences	Neutral	+0.1%	Participation in two December technology and consumer investor conferences.
Nov 13	Earnings call timing	Neutral	+0.2%	Announcement of Q3 FY26 earnings release and conference call schedule.
Nov 06	Customer expansion	Positive	+1.1%	Eastern Bank broadened nCino usage to consumer banking and mortgage.

Pattern Detected

Recent news has generally produced aligned, positive price reactions, especially around earnings strength and strategic announcements.

Recent Company History

This announcement follows a stretch of constructive updates. On Dec 3, 2025, nCino reported Q3 FY26 results with revenue growth, margin expansion, and completion of a $100M repurchase, and the stock rose 4.54%. The same day, adding AI-focused independent directors also coincided with a 4.54% gain. Earlier, an Eastern Bank expansion deal and investor conference participation drew modest positive reactions. Against this backdrop, a new buyback authorization extends the capital return narrative.

Market Pulse Summary

The stock moved +5.1% in the session following this news. A strong positive reaction aligns with a shareholder-friendly capital return story. The Board’s authorization to repurchase up to $100,000,000 of stock follows completion of a prior $100M program and recent earnings strength. Historically, at least one buyback announcement coincided with a -19.67% move, showing that repurchase news has produced volatile outcomes that investors would have weighed when assessing sustainability.

Key Terms

stock repurchase program financial

"has authorized a Stock Repurchase Program under which the Company may repurchase"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

open market purchases financial

"may make repurchases, from time to time, through open market purchases, block trades"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

block trades financial

"through open market purchases, block trades, in privately negotiated transactions"

A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.

accelerated stock repurchase transactions financial

"privately negotiated transactions, accelerated stock repurchase transactions, or by other means"

A deal where a company hires a bank to buy back a large block of its shares immediately, while the bank settles the exact final number later; it's a way to retire shares quickly without the company having to buy them piecemeal in the open market. For investors this matters because it can reduce the number of shares outstanding, often lifting earnings per share and signaling management’s confidence, but it also uses company cash and can temporarily distort trading supply and demand.

rule 10b5-1 plans regulatory

"The Company may also, from time to time, enter into Rule 10b5-1 plans"

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

AI-generated analysis. Not financial advice.

WILMINGTON, N.C., Dec. 08, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that its Board of Directors has authorized a Stock Repurchase Program under which the Company may repurchase up to $100,000,000 of the Company’s outstanding common stock.

“We have continued to execute at a high level, and with our prior stock repurchase authorization fully utilized, this new buyback reflects our confidence in the strength of our business, strategy, and outlook, and in our commitment to deploying capital in ways that drive stockholder value,” said Sean Desmond, Chief Executive Officer of nCino.

Under the repurchase program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of nCino’s Board of Directors. The Company currently expects to fund the repurchase program from existing cash and cash equivalents, credit facility capacity and/or future cash flows.

About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.

Investor Contact
investor@ncino.com

Media Contact
Mara D’Auria
press@ncino.com

Forward-Looking Statements:
This press release contains forward-looking statements about nCino's stock repurchase program, which include statements regarding the availability of opportunities and requisite capital to repurchase shares at attractive prices and the availability of other attractive investment opportunities. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, including in our generation of cash from operations; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.

Additional risks and uncertainties that could affect nCino’s business and financial results are included in our reports filed with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

FAQ

What did nCino (NCNO) announce on December 8, 2025 about buybacks?

nCino announced a Board authorization to repurchase up to $100,000,000 of common stock.

How will nCino (NCNO) fund the $100,000,000 repurchase program?

The company expects to fund repurchases from existing cash, credit facility capacity, and/or future cash flows.

Will nCino (NCNO) repurchase shares immediately after the December 8, 2025 authorization?

Repurchases may occur from time to time at management's discretion and are subject to market conditions.

What methods can nCino (NCNO) use to execute the repurchase program?

Repurchases may be made via open market purchases, block trades, private transactions, accelerated buybacks, or other means including Rule 10b5-1 plans.

Does the $100,000,000 authorization require nCino (NCNO) to buy a minimum number of shares?

No; the program does not obligate the company to repurchase any specific amount of common stock.

Can nCino (NCNO) change or end the repurchase program after December 8, 2025?

Yes; the Board may modify, suspend, or discontinue the program at any time without notice.