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Jack Henry & Associates, Inc. (JKHY) is a financial technology company that specializes in providing technology solutions and payment processing services to community and regional financial institutions . The company operates through four main segments, offering a range of products and services that cater to the needs of banks and credit unions . These offerings include core information processing platforms, secure payment processing tools, and additional software and services for digital banking and fraud prevention .
- Payments - Provides secure payment processing tools and services, including ATM, debit, and credit card processing, online and mobile bill pay solutions, ACH origination, and remote deposit capture processing .
- Core - Offers core information processing platforms to banks and credit unions, which include applications for processing deposits, loans, and general ledger transactions, and maintaining centralized customer/member information .
- Complementary - Offers additional software and services such as digital/mobile banking, treasury services, online account opening, fraud/anti-money laundering solutions, and lending/deposit solutions .
- Corporate and Other - Includes revenue and costs from hardware and other products not attributed to the other three segments .
- "Your competitor recently won a core processing deal with a bank under $10 billion in assets. Are you seeing increased competition in your target market, and how are you adjusting your strategy to maintain your competitive edge in winning new core clients?"
- "Interest income remains high for you, but you experienced a later ramp-up compared to peers. Can you explain what led to this timing difference and whether this interest income level is sustainable given potential changes in interest rates?"
- "Despite reporting strong sales and record sales attainment, you noted slower growth rates in on-premise annual maintenance and card processing. How do you plan to address these slower growth areas to meet your full-year revenue and margin expansion targets?"
- "You've emphasized the importance of your modern core modular platform and migration to the public cloud, especially with larger financial institutions. Can you provide specific examples of how this strategy is converting into new contracts or client migrations, and how it sets you apart from competitors?"
- "Given that Banno Business is not yet a significant contributor to user growth or revenue, even with a 20% increase in Banno users, what strategies are in place to accelerate growth in the business segment, and how does this impact your expectations for digital revenue growth?"
Competitors mentioned in the company's latest 10K filing.
- Fidelity National Information Services, Inc.; competes with Jack Henry's core solutions by providing information and transaction processing solutions to banks and credit unions .
- Fiserv, Inc.; competes with Jack Henry's core solutions by providing information and transaction processing solutions to banks and credit unions .
- Corelation, Inc.; competes with Jack Henry's core solutions by providing information and transaction processing solutions to banks and credit unions .
- Finastra; competes with Jack Henry's core solutions by providing information and transaction processing solutions to banks and credit unions .
Recent developments and announcements about JKHY.
Financial Reporting
Earnings Report
Jack Henry & Associates, Inc. (JKHY) has released its earnings results for the fiscal second quarter of 2025, ending December 31, 2024. The company reported deconversion revenue of $0.1 million for the quarter. The full-year fiscal 2025 guidance for deconversion revenue remains at $16 million. Deconversion revenue is primarily generated when a client is acquired by another financial institution, leading to the termination of the client’s contract with Jack Henry. This type of revenue is excluded from the company's non-GAAP revenue as it does not reflect the ongoing operations of the business.