nCino announced that Luana Savings Bank, a community bank founded in 1908 serving Central and Northeast Iowa, has chosen it as its technology partner for banking operations.
The partnership will allow Luana to deploy nCino’s cloud‑based banking platform, which consolidates lending, onboarding, and compliance workflows into a single AI‑enhanced system, streamlining processes that previously required staff to re‑enter loan data multiple times.
nCino’s customer base now exceeds 2,700 institutions worldwide, a far larger figure than the previously cited “over 80 institutional clients.” The new partnership adds a mid‑market community bank with more than $2.2 billion in assets to that portfolio.
The deal comes as nCino reports strong financial performance, with fiscal 2025 revenue of $540.7 million, up 13% from $476.5 million in fiscal 2024, and subscription revenue of $469.2 million, up 15% year‑over‑year. Non‑GAAP operating income rose 56% to $96.2 million, reflecting the company’s ability to scale its platform while managing costs.
Paul Clarkson, Executive Vice President of Global Revenue, said the partnership “reinforces nCino’s platform strategy and demonstrates the scalability of our solution in a regulated environment.” Shane Greenleaf, CEO of Luana Savings Bank, added that the bank chose nCino because it “enables end‑to‑end transformation rather than isolated improvements,” and Jeanessa Meyer, Loan Operations Supervisor, noted that the platform’s value, industry knowledge, and competitive pricing were key factors in the decision.
The addition of Luana underscores nCino’s focus on the mid‑market community bank segment, a key growth area for the company’s AI‑driven platform. By expanding its customer base in this segment, nCino positions itself to capture subscription revenue growth and further validate its platform’s ability to deliver end‑to‑end banking solutions in a regulated environment.
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