CSVI - CSVI STOCK NEWS

Computer Services, Inc. (CSVI) has partnered with Summit Technology Group to enhance IT infrastructure for community financial institutions through a new cloud hosting solution. This service aims to optimize costs, improve compliance, and streamline IT management while providing scalability. Built on Microsoft Azure, the solution ensures secure access via a virtual desktop infrastructure. CSI’s commitment to innovation positions it as a leader in delivering cloud-based financial technology solutions, enhancing performance, and mitigating risks for its customers.

Computer Services, Inc. (CSI) announced a quarterly cash dividend of $0.25 per share, payable on March 29, 2021, to shareholders of record by March 15, 2021. This marks a 19.1% increase compared to the same quarter last year and adds to the recent $1.00 special cash dividend paid in December 2020. This is the 49th consecutive increase in the regular cash dividend, reflecting CSI's commitment to long-term shareholder value. The company plans to leverage its strong financial position for further investment in technology and infrastructure.

Computer Services, Inc. (CSVI) announced a leadership transition effective July 8, 2021. Steven A. Powless will become executive chairman following his tenure as CEO, while David Culbertson will take over as CEO. Culbertson, who has spent over 31 years at CSI and was previously president and COO, was chosen from 90 candidates. CSI anticipates marking its 21st consecutive year of record revenues and 23rd year of record earnings in fiscal 2021, showing optimism for the company's future under Culbertson's leadership.

Computer Services, Inc. (CSVI) has partnered with Autobooks to offer integrated payments and accounting solutions for small businesses through financial institutions. This collaboration allows small businesses to send digital invoices and accept payments, streamlining their banking experience. The partnership aims to help financial institutions enhance non-interest income, attract new customers, and compete with non-bank entities. CSI emphasizes the importance of empowering small businesses with advanced tools to optimize their operations and remain competitive in the market.

Computer Services, Inc. (CSVI) has published its sixth annual Banking Priorities Survey, gathering insights from 272 U.S. banking executives. The survey highlights a continuous shift towards digital prioritization, with key concerns revolving around cybersecurity threats (34%) and customer expectations (19%). Notably, 59% of bankers prioritize digital account opening, while only scoring 2.8/5 on data utilization. Compliance readiness rated well at 4.1/5, yet regulatory change remains a concern for 17%. A significant 85% plan to adopt cybersecurity training to counter growing cyber threats.

Computer Services, Inc. (CSVI) reported record revenues and net income for Q3 and the first nine months of fiscal 2021. Revenues rose 0.9% to $72.8 million in Q3, with net income increasing 12.0% to $13.5 million. The operating income surged 18.1% to $17.6 million, benefiting from a strong demand for digital banking solutions. The company also announced a $1.00 special cash dividend and a $10.0 million increase in its share repurchase program. Despite a decrease in certain fees, the outlook for fiscal 2021 remains positive due to momentum in sales and services.

Computer Services, Inc. (CSI) (OTCQX: CSVI) has been selected by Citizens Savings Bank and Trust Co. to provide its NuPoint® core platform. This strategic partnership aims to support the bank's commitment to economic advancement for underserved communities. Citizens Bank, founded in 1904, is the oldest African-American-owned bank in the U.S. The collaboration will enable Citizens Bank to enhance its service offerings and maintain competitiveness in the market while facilitating digital connections for its customers.

Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that Premier Bank, with $390 million in assets, has adopted its NuPoint^® core platform to enhance banking services. The transition comes after Premier experienced digital issues during COVID-19, prompting the need for a reliable partner. CSI's private cloud will streamline operations, eliminating the need for extensive in-house management. Additionally, Premier Bank will gain access to integrated digital banking solutions, greatly improving service offerings. CSI emphasizes innovation and customer service, showcasing a commitment to supporting financial institutions effectively.