Evertec Inc Stock Price, News & Analysis

EVERTEC, Inc. (NYSE: EVTC) announced a quarterly dividend of $0.05 per share on April 20, 2023, with a payment date scheduled for June 2, 2023. Stockholders must be on record by May 1, 2023 to receive this dividend. The Board of Directors plans to continue declaring dividends regularly, although future payments are contingent on Board approval and may be adjusted according to business needs or market conditions.

EVERTEC is a top transaction processing company in Puerto Rico, the Caribbean, and Latin America, managing over six billion transactions annually. It offers a variety of services, including merchant acquiring and payment services, and operates the ATH® PIN debit network.

EVERTEC, Inc. (NYSE: EVTC) will host a conference call on April 26, 2023, at 4:30 p.m. ET to discuss first quarter financial results. The call features CEO Mac Schuessler and CFO Joaquin Castrillo. A press release detailing financial results will be issued post-market closure. Interested parties can join the conference call by dialing (888) 338-7153 or (412) 317-5117 for international calls. Replays will be available until May 3, 2023. EVERTEC operates in Puerto Rico, the Caribbean, and Latin America, processing over six billion transactions annually and offering diverse payment and technology services. For more details, visit www.evertecinc.com.

EVERTEC (NYSE: EVTC) has appointed Alberto López Gaffney as Executive Vice President of Corporate Development, effective March 20. With over 25 years of experience, López Gaffney has a strong background in financial management and mergers & acquisitions, particularly in Latin America. He previously served as CFO of Despegar.com and held senior roles at ITAU BBA and Morgan Stanley. His appointment aims to enhance Evertec's growth strategies. The company is a leading transaction processing business in Puerto Rico and Latin America, managing over six billion transactions annually and offering comprehensive banking and payment services.

EVERTEC, Inc. (NYSE: EVTC) has acquired 100% of paySmart Pagamentos Eletronicos Ltda for R$130 million (approximately USD $25 million). This transaction is pivotal for EVERTEC, as it strengthens its issuer processing and BIN sponsorship services in Brazil, a key market for growth. The CEO, Mac Schuessler, emphasized that this acquisition accelerates their expansion in Brazil and enhances their current service offerings. EVERTEC operates extensively in transaction processing across Puerto Rico, the Caribbean, and Latin America, processing over three billion transactions annually.

EVERTEC, Inc. (NYSE: EVTC) reported a 4% revenue increase to $161.8 million for Q4 2022, and a 5% growth to $618.4 million for the full year. GAAP net income for Q4 was $28.7 million ($0.44/share), down from $41.1 million ($0.56/share) the previous year. Adjusted EBITDA decreased 10% to $68.4 million, with an adjusted net income decline of 19%. The company returned $110 million to shareholders through stock repurchases and dividends. For 2023, EVERTEC anticipates revenue between $638 million and $647 million and adjusted earnings per share between $2.53 and $2.64.

EVERTEC, Inc. (NYSE: EVTC) declared a regular quarterly dividend of $0.05 per share on February 16, 2023, payable on March 17, 2023. Shareholders of record as of February 28, 2023 will receive this dividend. The Board anticipates future dividends will be declared regularly, subject to business needs and market conditions. EVERTEC is a full-service transaction processing company operating across Puerto Rico, the Caribbean, and Latin America, handling approximately three billion transactions annually, and providing extensive merchant and banking services.

EVERTEC, Inc. (NYSE: EVTC) will host a conference call on February 22, 2023, at 4:30 p.m. ET to review its fourth quarter financial results for 2022. This event will feature Mac Schuessler, President and CEO, and Joaquin Castrillo, CFO. A press release detailing the financial results will be issued shortly after market close on the same day. Participants can access the call at (888) 338-7153 or via webcast on the company’s official website. EVERTEC is a prominent transaction processing firm in Puerto Rico and Latin America, managing over three billion transactions annually with a diverse client base. For more information, visit www.evertecinc.com.

EVERTEC, Inc. (NYSE: EVTC) announced the successful refinancing of its credit facilities on December 1, 2022. The new agreements include a $200 million revolving credit facility and a $415 million term loan A, both maturing on December 1, 2027. Proceeds will refinance existing loans. The term loan's interest rate will be based on adjusted SOFR plus a spread that varies with the company’s leverage ratio. CFO Joaquin Castrillo expressed enthusiasm about the refinancing, highlighting expected flexibility for strategic initiatives, particularly M&A.

EVERTEC, Inc. reported its third-quarter results for 2022, with total revenue remaining flat at $145.8 million. The GAAP net income attributable to common shareholders was $137.8 million, or $2.06 per diluted share, boosted by a $135.6 million gain from the Popular transaction. Adjusted EBITDA fell 25% to $52.4 million, impacted by foreign currency remeasurement and rising operating costs. The outlook for 2022 anticipates total consolidated revenue between $607 million and $615 million, with adjusted earnings per share expected to decline 10-14% compared to 2021.