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Evertec (EVTC) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-05-01 23:05
Evertec (EVTC) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.46%. A quarter ago, it was expected that this payment processing company would post earnings of $0.65 per share when it actually produced earnings of $0.62, delivering a surprise of -4.62%.Over the last four quarters, th ...
Evertec(EVTC) - 2024 Q1 - Quarterly Results
2024-05-01 20:07
Exhibit 99.1 EVERTEC REPORTS FIRST QUARTER 2024 RESULTS SAN JUAN, PUERTO RICO - May 1, 2024 - EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Revenue increased 28% to $205.3 million • GAAP Net Income attributable to common shareholders decreased 47% to $16.0 million and decreased 48% to $0.24 per diluted share • Adjusted EBITDA increased 16% to $78.2 million and Adjusted earnings per comm ...
EVERTEC Enters Into Accelerated Share Repurchase Agreement
Businesswire· 2024-03-06 12:33
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced that it has entered into an Accelerated Share Repurchase (ASR) agreement with Bank of America, N.A. by which the Company will repurchase $70 million of its common stock. The ASR is expected to be completed by the third quarter of 2024. Additionally, the Company's Board of Directors approved an increase to the share repurchase authorization to an aggregate $220 million and an extension to the expi ...
Evertec(EVTC) - 2023 Q4 - Earnings Call Transcript
2024-02-29 04:17
EVERTEC, Inc. (NYSE:EVTC) Q4 2023 Earnings Conference Call February 28, 2024 4:30 PM ET Company Participants Beatriz Brown-Saenz - Investor Relations Mac Schuessler - President and Chief Executive Officer Joaquin Castrillo - Chief Financial Officer Conference Call Participants Nate Svensson - Deutsche Bank Chris Kennedy - William Blair John Davis - Raymond James Operator Good afternoon, everyone, and welcome to EVERTEC's Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only m ...
Compared to Estimates, Evertec (EVTC) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-29 02:01
Evertec (EVTC) reported $194.62 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 20.3%. EPS of $0.62 for the same period compares to $0.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $179.86 million, representing a surprise of +8.21%. The company delivered an EPS surprise of -4.62%, with the consensus EPS estimate being $0.65.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...
Evertec(EVTC) - 2023 Q4 - Earnings Call Presentation
2024-02-29 01:43
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------|--------|-----------------------------------------|-------|---------------------------|--------------------------------------|----------------------|----------|-------|------------------------|-------|---------| | | Payment Services - Puerto Rico & \nCaribbean | | Latin America Payments and \nSolutions | | Merchant \nAcquiring, net | Three months ended December 31, 2023 | ...
Evertec(EVTC) - 2023 Q4 - Annual Report
2024-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35872 EVERTEC, Inc. (Exact name of registrant as specified in its charter) Puerto Rico 66-0783622 (State or other jurisdiction of (I.R.S. employer incorporation or organization) id ...
Evertec(EVTC) - 2023 Q4 - Annual Results
2024-02-27 16:00
Exhibit 99.1 EVERTEC REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS ANNOUNCES 2024 OUTLOOK SAN JUAN, PUERTO RICO – February 28, 2024 – EVERTEC, Inc. (NYSE: EVTC) (“Evertec” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights and Recent Highlights • Revenue increased 20% to $194.6 million • GAAP Net Income attributable to common shareholders was $11.5 million, or $0.17 per diluted share, a 61% decrease • Adjusted EBITDA inc ...
EVERTEC Declares Quarterly Dividend on Common Stock
Businesswire· 2024-02-15 21:05
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that its Board of Directors (the “Board”) declared a regular quarterly dividend of $0.05 per share on February 15, 2024 to be paid on March 15, 2024 to stockholders of record as of February 27, 2024. EVERTEC’s Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or ma ...
Evertec(EVTC) - 2023 Q3 - Earnings Call Transcript
2023-10-26 23:19
As of September 30, total liquidity was approximately $365.8 million. This balance excludes restricted cash and includes the available borrowing capacity under our revolver. Lastly, the CPI index for September was announced earlier this month and was 3.7%. As a reminder, our MSA with Banco Popular caps our annual increase to 1.5% and our ATH processing agreement caps our annual increase to 5%. Joaquin Castrillo However, we're not going to focus just on Brazil. Alberta is very focused on looking throughout t ...