Welcome to our dedicated page for Evertec news (Ticker: EVTC), a resource for investors and traders seeking the latest updates and insights on Evertec stock.
EVERTEC, Inc. (NYSE: EVTC) is a prominent full-service transaction processing company operating extensively across Latin America and the Caribbean. Based in Puerto Rico, EVERTEC provides a comprehensive suite of merchant acquiring, payment processing, and business solutions services that are vital to the operational success of various financial, government, and commercial entities.
At the core of EVERTEC's offerings is their management of robust electronic payment networks, processing over 2.1 billion transactions annually. This scale underscores the reliability and efficiency of their systems, which include core bank processing, cash processing, and technology outsourcing services. In addition, EVERTEC operates the ATH® network, one of the leading PIN debit networks in Latin America, further cementing their pivotal role in the region's financial infrastructure.
EVERTEC's business is divided into several segments:
- Merchant Acquiring: Providing essential services that enable businesses to accept credit and debit payments securely and efficiently.
- Payment Services - Puerto Rico & Caribbean: Focused on delivering comprehensive payment processing solutions tailored to the unique needs of clients in Puerto Rico and the Caribbean.
- Latin America Payments and Solutions: Expanding reach and providing customized payment solutions across 19 Latin American countries.
- Business Solutions: Offering mission-critical technology solutions that support the diverse operations of financial institutions, corporations, and government agencies.
EVERTEC's innovative solutions and extensive reach make it a key player in the financial technology sector. The company's recent achievements include expanding their service offerings and forming strategic partnerships, all while maintaining a strong financial position. This commitment to growth and excellence ensures EVERTEC remains at the forefront of transaction processing in the region.
EVERTEC, Inc. (NYSE: EVTC) announced key management changes, appointing Diego Viglianco as Chief Operating Officer and Philip Steurer, formerly COO, as Chief Strategy Officer. CEO Mac Schuessler expressed optimism about these changes, highlighting Viglianco's extensive experience in Latin American payments and Steurer's deep industry knowledge since joining Evertec in 2012. With over two billion transactions processed annually, Evertec continues to enhance its leadership as it aims to align product strategy and seize market opportunities in Latin America and the Caribbean.
Evertec announced a strong financial performance for Q1 2021, with a 14% revenue increase to $139.5 million. GAAP Net Income rose to $35.5 million, or $0.49 per diluted share, marking a substantial improvement from the previous year. Adjusted EBITDA surged by 22% to $68.9 million, reflecting a margin increase of 320 basis points. The company also repurchased $14.3 million in shares. Given strong results and market conditions, Evertec revised its 2021 outlook to project revenue between $543 million and $552 million.
EVERTEC, Inc. (NYSE: EVTC) announced a quarterly dividend of $0.05 per share on April 22, 2021, payable on June 4, 2021, to stockholders of record as of May 3, 2021. The Board expressed intentions to continue this dividend in the future, subject to adjustments based on business needs and market conditions. EVERTEC operates as a leading transaction processing business in Puerto Rico, the Caribbean, and Latin America, facilitating approximately three billion transactions annually across various payment services.
EVERTEC, Inc. (NYSE: EVTC) will host a conference call on April 29, 2021, at 4:30 p.m. ET to discuss its first-quarter financial results. Mac Schuessler, President and CEO, and Joaquin Castrillo, CFO, will be leading the call. A press release detailing the company's financial performance will be issued after market close on the same day. The conference call can be accessed via phone or webcast on the company’s website, and a replay will be available for one week after the event.
Evertec announced Q4 and full-year 2020 results, revealing a 6% revenue increase to $134.2 million for the quarter and a 5% rise to $510.6 million for the year. GAAP net income for Q4 was $32.3 million, up 29%, with adjusted earnings per share rising 23% to $0.59. Full-year adjusted earnings also increased, reaching $2.07 per share. The company plans a 2021 revenue forecast of $533-$544 million, anticipating a 4-7% growth. They have $100 million remaining in their share repurchase program to enhance shareholder returns.
EVERTEC, Inc. (NYSE: EVTC) has declared a quarterly dividend of $0.05 per share, set to be paid on March 26, 2021, to stockholders of record as of March 1, 2021. The Board of Directors anticipates future dividends may be declared regularly, depending on business needs and market conditions.
EVERTEC is a leading transaction processing company in Puerto Rico, the Caribbean, and Latin America, managing a system that processes over two billion transactions annually while offering essential payment processing and technology outsourcing services.
EVERTEC, Inc. (NYSE: EVTC) will host a conference call on March 1, 2021, at 8:00 a.m. ET to discuss its fourth-quarter financial results. CEO Mac Schuessler and CFO Joaquin Castrillo will present during the call. The fourth quarter 2020 financial results press release will be issued before the market opens on the same day. Participants can join by phone or via webcast on the company’s website. EVERTEC is a leader in transaction processing services across Puerto Rico, the Caribbean, and Latin America, managing over two billion transactions annually.
Evertec's Board of Directors has authorized a significant increase in its share repurchase program, extending it to $100 million with an expiration date of December 31, 2023. This move, which comes after a previous $23 million allocation, reflects the company's confidence in its business strategy and aims to return capital to shareholders. The company plans to repurchase shares opportunistically based on market conditions and its strong financial position, underscoring its commitment to shareholder value.
EVERTEC, Inc. (NYSE: EVTC) announced that its President and CEO, Mac Schuessler, along with CFO Joaquin Castrillo, will present at Citi's 2020 Financial Technology Conference on November 17, 2020, at 1:30 p.m. ET. The presentation will be available via a live webcast on the company's investor relations website, with a replay accessible afterward. EVERTEC is a prominent transaction processing firm in Puerto Rico and Latin America, handling over two billion transactions annually and providing essential services to diverse clients, including financial institutions and government agencies.
EVERTEC, Inc. (NYSE: EVTC) announced a quarterly dividend of $0.05 per share, payable on December 4, 2020, to shareholders of record by November 2, 2020. The Board anticipates maintaining similar dividend declarations in future quarters, subject to necessary approvals and potential adjustments based on business needs or market conditions. EVERTEC is a major transaction processing company in the Caribbean and Latin America, managing over two billion transactions annually and offering diverse payment processing and technology solutions.
FAQ
What is the current stock price of Evertec (EVTC)?
What is the market cap of Evertec (EVTC)?
What services does EVERTEC, Inc. provide?
Where is EVERTEC, Inc. based?
How many transactions does EVERTEC process annually?
What is the ATH® network?
In which regions does EVERTEC operate?
Who are EVERTEC's primary clients?
What are some of EVERTEC's recent achievements?
What business segments does EVERTEC have?
What role does EVERTEC play in the financial technology sector?
Why is EVERTEC considered important in its industry?
