A Steady Approach Has Benefited Jack Henry

Jack Henry remains committed to the idea that slow and steady wins the race. While larger peers built their leading positions in the bank technology space through a roll-up strategy and have since expanded their operations through mergers and acquisitions into areas outside of bank tech, Jack Henry historically built out its competitive position organically and remains focused on bank tech. We think this approach has allowed Jack Henry to develop a wide moat, and we think the company will continue to outperform its larger peers.