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Mar 31, 2022
EVERTEC Q1 2022 Earnings Report
Reported strong results with revenue increase and strategic growth execution.
Key Takeaways
EVERTEC reported a strong first quarter in 2022, with revenue increasing by 8% to $150.2 million and adjusted earnings per share increasing by 13% to $0.70. The company is focused on closing the Popular transaction and receiving regulatory approval for the BBR acquisition.
Revenue increased 8% to $150.2 million.
GAAP Net Income attributable to common shareholders was $38.9 million or $0.53 per diluted share.
Adjusted EBITDA increased 9% to $75.4 million.
Adjusted earnings per common share was $0.70, an increase of 13%.
Revenue by Segment
Forward Guidance
The Company's financial outlook for 2022 assumes that the Popular transaction closes mid-year 2022. The outlook is as follows:
Positive Outlook
- Total consolidated revenue between $597 million and $605 million growth of approximately 1% to 3%.
- Adjusted earnings per common share between $2.52 to $2.60 representing a decline of 8% to 5% as compared to $2.74 in 2021.
- This excludes the gain on sale from the Popular transaction and one-time adjustments.
- Capital expenditures are anticipated to be approximately $60 million.
- Effective tax rate of approximately 13% to 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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