Jack Henry announced a new core processing contract with Putnam Greene Financial Corporation, a Georgia‑based bank holding company that operates four community banks—Farmers & Merchants Bank, The Farmers Bank, First Bank of Coastal Georgia, and The Citizens Bank of Cochran—collectively managing roughly $1 billion in assets.
The deal expands Jack Henry’s footprint in the community‑bank segment, a key focus for the company’s growth strategy. By deploying its private‑cloud‑enabled, configurable core platform, Putnam Greene will standardize operations across its subsidiaries, improve service consistency, and accelerate the rollout of digital banking features.
Jack Henry’s Q4 fiscal 2025 results underscored the strength of this expansion. Revenue rose 9.9% to $615.37 million, and GAAP operating income increased 23.9% to $140.3 million, reflecting robust demand for core, payments, and complementary services. EPS of $1.75 beat analyst expectations of $1.55, a $0.20 or 13% lift driven by disciplined cost management and a favorable mix of high‑margin cloud contracts.
Management guided for fiscal 2026 revenue of $6.38–$6.49 billion, up from the prior guidance of $6.30–$6.40 billion, and maintained a healthy operating margin outlook. CEO Greg Adelson highlighted the company’s “strong fourth‑quarter sales wins” and a “very healthy pipeline” for the next year, signaling confidence in continued demand for its cloud‑native solutions.
David McAfee, chief technology officer of Putnam Greene, said the partnership would “upgrade our systems in a way that keeps our customers, employees, and communities at the forefront of future technology advancements.” The collaboration positions both firms to capitalize on the broader industry shift toward cloud‑based core banking and AI‑driven digital experiences.
The deal comes amid intensified competition from Fiserv, FIS, and Finastra, but Jack Henry’s focus on community banks, its proven track record of successful cloud migrations, and its investment in AI use cases give it a competitive edge in securing new contracts and driving recurring revenue growth.
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