CSVI - CSVI STOCK NEWS

Computer Services, Inc. (CSVI) announced keynotes from Shark Tank's Daymond John and security analyst Keren Elazari at its annual customer conference, CX22, from April 13-15 in Nashville, TN. The event aims to educate attendees on fintech, regtech, and cybersecurity trends with over 55 sessions available. The theme, 'Technology Takes Stage,' highlights the company's focus on empowering customers and partners. CSI's continued recognition in industry rankings and its status as a Dividend Aristocrat reflect its commitment to service and shareholder returns.

Computer Services, Inc. (CSVI) has partnered with NYDIG to provide a comprehensive suite of Bitcoin services for community financial institutions. This initiative enables customers to buy, sell, and hold Bitcoin seamlessly within CSI’s digital banking platform, enhancing user experience and compliance with industry standards. A recent survey indicates that 81% of respondents would use Bitcoin services offered by their banks. The collaboration aims to meet the growing demand for digital assets while maintaining security and compliance.

Computer Services, Inc. (OTCQX: CSVI) reported record revenues of $82.0 million for Q3 fiscal 2022, a 12.7% increase from Q3 fiscal 2021. Net income rose 20.3% to $16.2 million, with net income per share increasing 20.4% to $0.59. Growth was driven by strong demand in Enterprise Banking and Business Solutions, particularly in digital banking and payments processing. Operating expenses increased 10.9%, but operating income improved 18.5% to $20.9 million. For the first nine months, revenues reached $235.7 million, up 9.2%.

Cypress Bank & Trust, based in Palm Beach, Florida, has chosen Computer Services, Inc. (OTC: CSVI) to provide its NuPoint® core platform, enhancing its banking services. This collaboration aims to facilitate service integration and expand both commercial and consumer banking offerings. With over 25 years of experience in trust management, Cypress seeks to leverage CSI's technology to better serve its clients. CSI’s cloud-based platform promises seamless third-party integration, enabling Cypress to provide innovative customer-facing solutions.

Computer Services, Inc. (CSI) announced that The Dolores State Bank of Colorado has chosen its NuPoint® core platform to enhance banking services across both physical and digital channels. With $311 million in assets, the bank aims to integrate efficient, modern banking solutions that cater to a diverse customer base. The partnership is expected to streamline operations, improve customer experience, and boost profitability through advanced features, including a revamped debit card platform. CSI emphasizes its commitment to community financial institutions by providing tailored technology for seamless integration.

Computer Services, Inc. (CSVI) has announced that Wyoming Bank & Trust will implement its NuPoint® core platform to enhance customer service efficiency. The bank opted for CSI after encountering reliability issues with its previous provider, citing excessive downtimes and lack of priority support. The NuPoint platform will enable Wyoming Bank & Trust to offer around-the-clock digital banking and improve customer experience while streamlining back-office processes. This partnership aims to uphold the bank's commitment to personalized service and operational excellence.

Computer Services, Inc. (CSVI) reported a 6.3% increase in revenues to $77.1 million and a 1.8% rise in net income to $14.5 million for Q2 of fiscal 2022, compared to Q2 of fiscal 2021. Net income per share rose 1.9% to $0.53. Growth was driven by robust sales in Enterprise Banking and Business Solutions, notably in digital banking and regulatory compliance services. Despite higher operating expenses, operating income grew 1.5% to $18.7 million. The company maintained a strong cash position of over $54 million, with no long-term debt, and returned $22.7 million to shareholders in the first half of fiscal 2022.

Computer Services, Inc. (CSVI) announced a $10.0 million increase in its share repurchase program, now totaling $130.0 million since 2004. This follows an 8.0% increase in its quarterly cash dividend, reflecting the Board's confidence in the company's future. CSVI has repurchased approximately $118.2 million of its shares, with $1.8 million remaining under existing stock purchase authorizations as of August 31, 2021. The company emphasizes its attractive investment profile, citing an annual total return to shareholders averaging over 21%.