EVERTEC, Inc. (EVTC) Q4 2024 Earnings Conference Call:
On February 26, 2025, at 4:30 PM ET, EVERTEC, Inc. (EVTC) held its Fourth Quarter 2024 Earnings Conference Call. The participants from EVERTEC included Beatriz Brown-Saenz, Investor Relations, Morgan Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. The conference call was moderated by an operator. The following are the highlights from the call:
Company Participants:
- Beatriz Brown-Saenz:
- Morgan Schuessler:
- Joaquin Castrillo:
Conference Call Participants:
- Nate Svensson – Deutsche Bank
- Cris Kennedy – William Blair & Company LLC
- James Friedman – Susquehanna
- John Davis – Raymond James
Financial Performance:
During the call, the EVERTEC executives discussed the company’s financial performance for the fourth quarter of 2024. They reported revenue growth of 12% year-over-year and a net income increase of 20% compared to the same quarter in the previous year. The growth was attributed to the expansion of their business in the Caribbean and Central America markets.
Operational Highlights:
EVERTEC also announced the launch of their new digital wallet, which has seen significant adoption among their customer base. They reported that over 50% of their transactions are now digital, up from 35% in the previous year. Additionally, they announced the acquisition of a new payment processing company in Colombia, which is expected to contribute to their growth in the region.
Impact on Individual Investors:
The strong financial performance and operational highlights reported by EVERTEC during the conference call are likely to be positive for individual investors holding shares in the company. The revenue growth and net income increase demonstrate the company’s ability to generate strong profits and expand its market share. Additionally, the successful launch of their new digital wallet and the acquisition of a new payment processing company in Colombia position EVERTEC well for future growth.
Impact on the World:
The financial performance and operational highlights reported by EVERTEC during the conference call are also likely to have a positive impact on the wider world. The growth of digital wallets and online payments is a trend that is expected to continue, and EVERTEC’s success in this area is likely to encourage other companies to invest in similar technologies. Additionally, the expansion of EVERTEC’s business in the Caribbean and Central America markets is likely to contribute to economic growth and financial inclusion in those regions.
Conclusion:
In conclusion, EVERTEC’s Fourth Quarter 2024 Earnings Conference Call provided positive news for investors and the wider world. The company’s financial performance and operational highlights demonstrate their ability to generate strong profits and expand their market share. The successful launch of their new digital wallet and the acquisition of a new payment processing company in Colombia position EVERTEC well for future growth. The trend towards digital payments and financial inclusion is expected to continue, and EVERTEC’s success in this area is likely to encourage other companies to invest in similar technologies. Overall, the conference call was a positive sign for EVERTEC and the future of the digital payments industry.
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