Ncino, Inc. Stock Price, News & Analysis

nCino (NASDAQ: NCNO) reported first-quarter fiscal year 2025 financial results with total revenues at $128.1M, a 13% increase year-over-year, and subscription revenues at $110.4M, also up 13%. GAAP operating margin improved by ~500 basis points to (3)%, while non-GAAP operating margin rose by ~900 basis points to 19%. GAAP net loss was $(3.0)M, an improvement from $(11.2)M in the same quarter last year. Non-GAAP net income more than doubled to $22.0M, translating to $0.19 per diluted share. The company's RPO grew 17% year-over-year to $1.069B. Recent wins include expansion agreements with M&T Bank and a district bank in the Farm Credit System. For Q2 FY2025, nCino projects revenues between $130.5M-$131.5M and non-GAAP net income per diluted share between $0.12-$0.13. For FY2025, it forecasts revenues between $538.5M-$544.5M and non-GAAP net income per diluted share between $0.65-$0.68.

Polly, a leading provider of mortgage capital markets technology, has announced a new API integration with nCino, a cloud banking pioneer. This integration combines Polly's advanced pricing engine with nCino's Mortgage Suite, enhancing the capabilities of lenders and loan officers by allowing seamless pricing searches and loan locking both via web and mobile. This integration aims to boost margins, speed, accuracy, and confidence in loan pricing processes. Key figures from both companies highlight the potential benefits for lenders, referral partners, and borrowers in today's competitive market. Polly's system, built for cloud scalability, is set to significantly improve user experience and efficiency.

nCino (NASDAQ: NCNO) announced that M&T Bank (NYSE: MTB) is expanding its use of nCino’s platform by integrating the Continuous Credit Monitoring Solution, powered by Rich Data Co’s AI platform.

This solution aims to enhance credit risk assessment and loan performance monitoring. Leveraging explainable AI, it offers transparency and comprehensive insights into cash flow, credit risk, and lending opportunities, allowing M&T to detect early warning signs and make data-driven decisions.

This initiative positions nCino as a leader in proactive credit risk management, bolstering M&T's operational efficiency and customer service.

nCino (NASDAQ: NCNO), a leader in cloud banking solutions for the financial services sector, is set to announce its financial results for the first quarter of fiscal year 2025 on May 29, 2024, post-market close. The announcement will be followed by a conference call and webcast at 4:30 p.m. ET, where nCino's executives will discuss the results in detail. A replay of the webcast will be accessible on nCino's Investor Relations website.

nCino, Inc. announced that Libro Credit Union has chosen nCino's Cloud Banking Platform to enhance operations and customer experience. The move will empower employees, improve efficiency, and drive positive impact in Ontario communities. Libro's transition to nCino's platform signifies a commitment to innovation and customer service.