Jack Henry Reports StrongQuarter

October 20, 2004, 1:00 a.m. EDT 1 Min Read

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Register now

MONETT, Mo. - (10/20/04) -- Credit union outsourcer Jack Henry& Associates reported Tuesday that earnings for its fiscalfirst quarter ended September 30 rose 20% to $16.7 million, or 18cents a share, fuelded by a 22% surge in revenues. Revenues for thecompany's core credit union and bank services unit rose 9% to $99.8million for the quarter, including a 15% increase in revenues fromin-house support fees, ATM/Debit card and switching fees andoutsourcing. Licensing revenue soared by 51% to $19.6 million forthe first quarter. Hardware sales slumped 11% during the period to$21 million.

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Reprint

For reprint and licensing requests for this article, click here.

TRENDING

M&A

Regulators close Kansas bank in fourth failure of 2020

Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank.

By Paul Davis

October 23
Credit quality

SVB Financial releases reserves, citing venture capital rebound

The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said.

By Jon Prior

October 23
Succession planning

First Atlantic names new CEO as longtime chief retires

Ann Goldinak will take the helm of the New Jersey-based credit union when John Culp retires in December.

By Aaron Passman

October 23

MORE FROM AMERICAN BANKER

AML

Fed, Fincen look to require banks to hold more data on transfers

The two agencies proposed amending the Bank Secrecy Act to lower the threshold for transfers occurring outside the U.S. that trigger recordkeeping requirements.

By Hannah Lang

October 23
Paycheck Protection Program

House bill would let smaller banks exclude PPP loans from asset totals

The legislation would help institutions with less than $15 billion of assets avoid regulatory requirements resulting from participating in the small-business relief program.

By Neil Haggerty

October 23
First Citizens-CIT, Cohn's dire outlook, midsize banks brace: Top stories of the week

What's behind the unlikely First Citizens-CIT deal; ex-Trump adviser Gary Cohn predicts bleak future for community banks; midsize banks gird for loan defaults, more margin pressure; and more from this week's most-read stories.

October 23
M&A

First Horizon eyes more expense cuts in wake of Iberiabank merger

The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic.

By Jim Dobbs

October 23
Financial regulations

NCUA announces unplanned board meeting next week

The credit union regulator will meet for a second time this month when the board holds an open meeting on Wednesday.

By Aaron Passman

October 23
Digital banking

Virtual branch concept making inroads in U.S.

Foreign banks for years have been using technology that folds several communication and information-sharing capabilities into one platform. Now Citigroup and others here are showing interest because of the growing importance of digital in the pandemic.

By Miriam Cross

October 23