Company reports record 42% increased profit, starts new year with largest bank client in company's 60-year history
Birmingham, Ala, February 18, 2025 - HC3, a statement partner for banks and credit unions, announced today its record success in 2024, highlighting a profitability growth of more than 42%. This is nearly double that of the previous year, positioning the company for even more substantial growth in 2025.
HC3 has already seen significant momentum this year, securing its largest bank client in the company’s history. HC3 now serves more than 700 financial institutions, underscoring the strong demand for its solutions, proven to enhance operational efficiency and increase customer engagement and satisfaction.
In addition to a growing client base, HC3 continues to increase year-over-year bank statement production, helping financial institutions scale for growth. As more financial institutions fully embrace digital to compete more effectively, HC3 also saw a 53% increase in the delivery of e-statements when comparing January 2024 to January 2025.
Further supporting growth, HC3 continues to partner with innovative organizations like Apiture, a leading provider of digital banking solutions. This most recent partnership enables Apiture’s bank and credit union clients to provide account holders with secure, immediate access to statements powered by HC3 directly from online and mobile banking channels.
To enhance its solution offering, HC3 continues to pursue strategic acquisitions. Tori VanCura-Rutland, Chief Growth Officer at HC3, said, "We're leveraging relationships gained through our acquisitions to expand our services and deliver exceptional value to clients. This approach allows us to provide our clients with more comprehensive and innovative solutions, fueling our growth trajectory and strengthening our market position.”
HC3’s record growth aligns with broader industry trends. According to a recent survey from American Banker, more than 80% of financial institutions plan to increase their investments in technology this year, and nearly all plan to at least maintain their current level of investment. Many financial institutions prioritize technology that bolsters customer service initiatives and drives operational efficiency.
“These trends validate our growth and highlight the company's position within the vertical,” said Griffin McGahey, President at HC3. “Our solutions are designed to streamline operations while improving the quality of service they provide to their customers and members. We are proud of our tremendous success, led by an outstanding team, and we remain firmly committed to expanding our Customer Experience department to preserve our focus on client service and position ourselves for continued growth.”
In response to record success, HC3 continues to expand its workforce, adding several key positions in IT, Customer Experience, and Marketing.
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