Intellicheck Stock Soars After High-Value Contract Expansion With US Bank: Retail Turns Buoyant

Intellicheck Inc. (IDN) shares jumped over 25% higher on Tuesday after the company secured a major contract expansion with a prominent U.S. financial institution. 

The expansion will widen the scope of its identity validation technology across more than 1,900 bank branches.

The three-year deal is expected to generate overall revenue in the upper seven-figure bracket, positioning the client among Intellicheck’s three largest sources of income.

The bank participating in this agreement ranks among the top regional commercial institutions in the U.S., managing assets exceeding $500 billion. 

The agreement has broadened the scope and will now cover teller workstation use within bank branches. 

During the first year, the client will pay a low seven-figure annual amount through evenly distributed monthly payments as deployment progresses. Revenue from the partnership is anticipated to start flowing in the third quarter of 2025.

As part of the contract, Intellicheck’s exclusive ID verification solutions will be deployed across the bank’s physical locations. 

This rollout is designed to help branch staff streamline tasks like opening new accounts, processing loan requests, and updating existing customer information, all while guarding against fraudulent identity use and unauthorized access to banking services.

D.A. Davidson upgraded the stock to ‘Buy’ from ‘Neutral’ and raised the price target to $5.50 from $3. The firm expects revenue from this deal to start contributing in the third quarter.

On Stocktwits, retail sentiment around Intellicheck improved to ‘extremely bullish’ from ‘bullish’ the previous day.

A Stocktwits user believes the stock has room for further rally.

Intellicheck stock gained 42% in 2025 and 44% in the last 12 months.

Also See: Magnite Stock Surges On Expanding Amazon Advertising Partnership: Retail Turns Bullish

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