Welcome to our dedicated page for Ncino news (Ticker: NCNO), a resource for investors and traders seeking the latest updates and insights on Ncino stock.
nCino, Inc. reports news about cloud-based banking software for financial institutions, centered on the nCino Platform and related lending, onboarding, account-opening, mortgage, analytics and AI capabilities. Company updates commonly cover bank and credit union customer selections, commercial and agricultural lending modernization, automated spreading, portfolio monitoring, and mortgage income-verification tools.
nCino news also includes product developments such as Analyst Digital Partner and Doc VOI, regional expansion and leadership updates, quarterly and annual financial results, credit facility activity, and share repurchase actions. The company serves community banks, regional banks, credit unions, cooperative banking networks and mortgage lenders through a single operating segment.
nCino (NCNO) reported strong Q3 FY2025 results with total revenues reaching $138.8 million, up 14% year-over-year. Subscription revenues grew 14% to $119.9 million. The company significantly improved its GAAP operating margin to -1% (up ~1,000 basis points) and non-GAAP operating margin to 20% (up ~350 basis points).
The quarter saw over 30 multi-solution deals and increased gross bookings from new customers. Total Remaining Performance Obligation (RPO) grew 19% to $1.095 billion. The company completed the FullCircl acquisition and secured notable client wins, including expansion agreements with major banks in the U.S., Australia, Norway, and Japan.
For Q4 FY2025, nCino expects total revenues between $139.5-141.5 million and subscription revenues of $122.5-124.5 million.
nCino (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has announced its participation in two upcoming investor conferences. The company will present at the Scotiabank Second Annual Global Technology Conference on Tuesday, December 10, at 12:45 p.m. ET, and at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, at 6:05 p.m. ET. A live webcast of the Barclays presentation will be accessible through the company's Investor Relations website.
nCino (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has announced its upcoming participation in two major investor conferences. The company will present at the Scotiabank Second Annual Global Technology Conference on Tuesday, December 10, at 12:45 p.m. ET, followed by a presentation at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, at 6:05 p.m. ET.
nCino (NASDAQ: NCNO) has scheduled its third quarter fiscal year 2025 financial results announcement for Wednesday, December 4, 2024, after market close. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the financial results for the quarter ended October 31, 2024. Investors can access the webcast through nCino's Investor Relations website, where a replay will also be available after the call.
nCino (NASDAQ: NCNO) has announced a definitive agreement to acquire FullCircl, a UK-based SaaS platform, for $135 million in cash. The acquisition follows their 2023 partnership and aims to enhance nCino's capabilities in client lifecycle management, onboarding, and regulatory compliance. FullCircl's technology provides comprehensive business data, including financial information, credit scores, risk profiles, and ownership details. The deal includes a $15 million retention for two years as security for warranties and covenants. nCino will update on the financial impact during its third quarter earnings release.
nCino (NASDAQ: NCNO) has appointed Joaquín de Valenzuela as the new Managing Director for the EMEA region. This strategic appointment aims to accelerate nCino's growth and market presence in EMEA. De Valenzuela brings extensive experience in leading cross-functional teams and driving revenue growth for tech and fintech companies. His previous roles include EVP, Chief Digital and Business Operations Officer at Temenos and Head of Financial Services in EMEA and LATAM for Salesforce. The former EMEA Managing Director, Charlie McIver, has transitioned to a position focusing on EMEA strategic operations.
nCino, Inc. (NASDAQ: NCNO) announced that Tokushima Taisho Bank, a TOMONY Holdings, Inc. Group Company, has chosen nCino's Commercial Banking Solution to transform its business lending operations. The Japanese bank aims to increase operational efficiency and enhance value for corporate customers and employees by implementing the nCino Platform.
The adoption of nCino's solution will allow Tokushima Taisho to digitally unify its online processes, significantly improving customer experiences and creating efficiencies in the end-to-end lending process. This implementation is expected to reduce manual tasks and enable employees to focus more on nurturing client relationships.
Itsuki Nomura, Representative Director and Country Manager of Japan at nCino, expressed honor in partnering with Tokushima Taisho, highlighting how the Commercial Banking Solution can help the bank redefine its customer and employee engagement strategies and achieve sustainable growth in the current banking landscape.
nCino, Inc. (NASDAQ: NCNO) announced that BankNewport has successfully implemented multiple nCino solutions, including Commercial Lending, Marine Lending, Business and Consumer Deposit Account Opening (DAO), and Portfolio Analytics. The Rhode Island-based community bank has seen significant improvements in its account opening processes:
- Digital account opening for consumers streamlined by up to 90% in some cases
- In-branch experience time for consumer deposit account opening reduced significantly
- A business account opened and funded without customer assistance in approximately 15 minutes
BankNewport's Executive VP and CIO, John Sullivan, highlighted how nCino's platform allows bankers to focus on building customer relationships. Will Cameron, SVP of U.S. Financial Institutions at nCino, emphasized the technology's impact on enhancing the banking experience for local communities.
nCino (NASDAQ: NCNO) reported strong Q2 fiscal 2025 results, with total revenues up 13% year-over-year to $132.4M and subscription revenues increasing 14% to $113.9M. The company saw improved margins, with GAAP operating margin at (6)%, up ~650 basis points, and non-GAAP operating margin at 15%, up ~500 basis points year-over-year. nCino experienced particular strength in the U.S. market across enterprise and community & regional segments, with increased demand for solutions spanning their platform. Despite some macro-economic challenges, especially in the U.S. mortgage market and international markets, the company maintains a positive outlook for the second half of the year. nCino also provided guidance for Q3 and fiscal year 2025, projecting continued growth in revenues and improved non-GAAP operating income.
nCino, Inc. (NASDAQ: NCNO) announced that ABN AMRO, one of the largest banks in the Netherlands, has successfully implemented nCino's Cloud Banking Platform. This partnership aims to drive digital transformation across ABN AMRO's corporate lending operations and enhance collateral management across all business lines. The implementation consolidates multiple legacy systems into a single platform, streamlining the end-to-end lending process for both customers and employees.
ABN AMRO selected nCino to support its ambition of becoming a personal bank in the digital age while fostering continuous innovation. The successful project has led to an extended partnership between nCino and ABN AMRO. Accenture provided support in accelerating ABN AMRO's digital transformation strategy during the platform rollout.