Evertec (EVTC) Tops Q3 EPS by 15c, Beats on Revenue; Offers FY23 Guidance

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Go back to Evertec (EVTC) Tops Q3 EPS by 15c, Beats on Revenue; Offers FY23 Guidance

EVERTEC Reports Third Quarter 2023 Results

October 26, 2023 4:05 PM EDT

Raises annual guidance

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- EVERTEC, Inc. (NYSE: EVTC) (Evertec, the Company, we or our) today announced results for the third quarter ended September 30, 2023.

Third Quarter 2023 Highlights

Revenue increased 19% to $173.2 million GAAP Net Income attributable to common shareholders decreased 93% to $10.0 million and decreased 93% to $0.15 per diluted share, as the prior year included the gain from the Popular Transaction and the current year includes the loss on foreign currency swap Adjusted EBITDA increased 31% to $78.7 million and Adjusted earnings per common share... More