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Dec 31, 2021
EVERTEC Q4 2021 Earnings Report
EVERTEC's Q4 2021 results were reported, revealing revenue growth and increased profitability.
Key Takeaways
EVERTEC reported a strong fourth quarter with a 16% increase in revenue to $155.2 million and a 27% increase in GAAP Net Income to $41.1 million, driven by strong volumes in Puerto Rico and Latin America. The company also announced strategic agreements with Banco Popular de Puerto Rico and increased its share repurchase authorization to $150 million.
Revenue increased 16% to $155.2 million.
GAAP Net Income attributable to common shareholders was $41.1 million, or $0.56 per diluted share.
Adjusted EBITDA increased 19% to $75.9 million.
Adjusted earnings per common share was $0.72, a 22% increase.
Forward Guidance
The Company's financial outlook for 2022 assumes that the Popular extensions and asset sale announced today close mid-year 2022. Total consolidated revenue between $591 million and $600 million approximately flat to 2% growth. Adjusted earnings per common share between $2.47 to $2.56 representing a decline of 10% to 7% 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%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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