Jack Henry & Associates Inc. announced its Board of Directors increased the quarterly cash dividend by 54% to $0.20 per share. The cash dividend on its common stock, par value $0.01 per share, is payable on May 30, 2013, to stockholders of record as of May 17, 2013.

Jack Henry & Associates Inc. announced unaudited consolidate earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported total revenue of $281,543,000 against $256,304,000 a year ago. Operating income was $65,709,000 against $56,497,000 a year ago. Income before income taxes was $64,808,000 against $55,118,000 a year ago. Net income was $45,996,000 or $0.53 diluted per share against $36,657,000 or $0.42 diluted per share a year ago. EBITDA increased to $92 million for the quarter compared to $79.6 million a year ago. For the nine months, the company reported total revenue of $831,238,000 against $760,500,000 a year ago. Operating income was $192,652,000 against $175,083,000 a year ago. Income before income taxes was $189,527,000 against $171,035,000 a year ago. Net income was $128,976,000 or $1.48 diluted per share against $111,657,000 or $0.53 diluted per share a year ago. Net cash provided by operating activities was $152,425,000 against $118,017,000 a year ago. Capital expenditure on facilities and equipment was $28.4 million and $37.9 million for the development of software against capital expenditures of $26.6 million, and capitalized software development of $25.9 million. Free cash flow to-date is calculated as operating cash flow less capital expenditures, which is up slightly from $26.6 million last year and capitalized software of $37.9 million compared to $25.9 million last year. Free cash flow increased to $55.1 million to-date this year compared to $37.4 million last year. This equates to free cash flow per share of $0.64 year-to-date compared to $0.45 last year. The company provided tax guidance for the fourth quarter and fiscal years 2013 and 2014. For the quarter, the company expected tax rate should be approximately 33%, which would make effective rate about 32% for the full year 2013. For the fiscal year, 2014, effective tax rate should be about 35% based on the current tax laws.

Jack Henry & Associates Inc.'s Jack Henry Banking(R) division announced that Bank Independent has selected its SilverLake System(R) core processing platform to provide enterprise-wide automation. This bank will implement SilverLake through Jack Henry Banking's outsourced offering. In addition to SilverLake, Bank Independent will implement the vast majority of Jack Henry Banking's complementary solutions.