{
  "id": 5613221,
  "title": "nCino (NCNO): Banking Software Stock Quietly Rewriting Its Growth Story",
  "url": "https://urgent.news/2026/09/03/ncino-ncno-banking-software-stock-quietly-rewriting-its-growth-story",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T09:04:20.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/ai/articles/ncino-ncno-banking-software-stock-090420917.html"
  },
  "original_language": "en",
  "account": "nCino's fiscal second-quarter 2027 results surpassed the company's own projections in every critical area. Revenue increased by 8% year over year to $161 million, subscription revenue surged 10% to $143.5 million, and free cash flow jumped 170% to $34 million. The success is driven by a shift toward an AI-focused pricing model for banking customers, while the mortgage lending segment continues to struggle in the face of high interest rates. Four of the company's top 20 US enterprise clients, holding over $900 billion in assets, renewed contracts early and raised their annual contract values by more than 10% on average, citing the expanding AI toolset as the primary reason. AI adoption is already paying off, with one customer estimating annual savings of $5.5 million from using nCino's Locate and File banking adviser tool. International expansion contributed to the momentum, with non-US subscription revenue up 13% to $30.9 million, driven by new customer acquisitions in Japan and Germany. nCino's financial performance also showed improvement, with non-GAAP operating income growing 36% to $40.8 million, and professional services margin increasing 600 basis points to 3%. The company repurchased 10.2 million shares for $165 million, including completion of a $100 million accelerated buyback program. However, the mortgage segment faced challenges, with revenue falling 1% year over year to $20.6 million, and management reduced its forecast for the second and third quarters. The company now expects $25 million in total churn for the fiscal year, a third of which is attributed to mortgage customers. Despite a slight pullback in hedge fund ownership and a short interest of 16.93% of the float, nCino's stock trades at a forward price-to-earnings ratio of 14.60, indicating potential upside from AI-driven growth amidst the current valuation.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}