EVERTEC, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:05 pm EDT
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EVERTEC, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 173.2 million compared to USD 145.8 million a year ago. Net income was USD 10.04 million compared to USD 137.81 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 2.08 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 2.06 a year ago.
For the nine months, sales was USD 500.09 million compared to USD 456.62 million a year ago. Net income was USD 68.24 million compared to USD 210.3 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to USD 3.01 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 2.98 a year ago.
EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.
EVERTEC, INC. 
