Jack Henry & Associates Inc. Reports Fiscal Third Quarter 2025 Deconversion Revenue

In a recent announcement, Jack Henry & Associates Inc., a leading financial sector IT services company, disclosed its fiscal third quarter 2025 deconversion revenue results. The company, which specializes in developing and installing integrated computer systems for banks and financial institutions, reported deconversion revenue of $9.6 million for the quarter ending March 31, 2025. This figure is part of a broader financial update, with full-year deconversion revenue estimates now adjusted to a range of $22 million to $28 million.

Jack Henry & Associates, listed on the Nasdaq under the ticker JKHY, has been a pivotal player in the IT services industry, particularly for financial institutions. The company’s focus on data conversion, software installation, and customization services has positioned it as a key provider for banks and credit unions seeking to enhance their technological infrastructure.

The updated deconversion revenue guidance reflects the company’s ongoing efforts to refine its financial outlook and provide stakeholders with transparent insights into its performance. For further details on how these estimates will be updated, stakeholders are directed to review Jack Henry’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2023.

Annual Survey Highlights Key Priorities for Financial Institutions

In conjunction with its financial updates, Jack Henry & Associates released findings from its seventh annual Strategy Benchmark survey. Conducted among 149 C-level executives from financial institutions utilizing Jack Henry products and services, the survey underscores the industry’s current focus areas amidst economic uncertainty.

Operational efficiency emerged as a top priority, with institutions striving to optimize their processes to mitigate the impact of rising non-interest expenses and loan-loss provisions. Additionally, growth remains a critical objective, with banks and credit unions concentrating on expanding deposits and loans to bolster their financial standing.

The survey also highlighted fraud prevention as a significant concern, reflecting the broader industry’s commitment to safeguarding assets and maintaining customer trust in an increasingly digital landscape.

Posh AI Joins Jack Henry™ Vendor Integration Program

In a strategic move to enhance its service offerings, Jack Henry & Associates announced that Posh AI, a conversational and generative AI platform tailored for financial services, has joined its Vendor Integration Program (VIP). This collaboration will enable Posh AI to integrate with Symitar®, a core product of Jack Henry, thereby expanding its capabilities and offering enhanced solutions to financial institutions.

The Vendor Integration Program is designed to facilitate seamless integration of third-party solutions with Jack Henry’s systems, ensuring that customers can deploy innovative technologies with ease. This partnership with Posh AI exemplifies Jack Henry’s commitment to fostering technological advancements and supporting its clients in navigating the evolving financial landscape.

As Jack Henry & Associates continues to drive innovation and support its clients, its recent financial updates and strategic partnerships underscore its role as a leader in the financial IT services sector.