Quarterly ResultAug 4, 2026, 04:16 PM
EVERTEC Increases Share Buyback to $150M; Raises 2026 Outlook
AI Summary
EVERTEC reported strong second-quarter 2026 results, with revenue increasing 20% to $274.8 million and Adjusted earnings per common share up 18% to $1.05. The company's Board of Directors approved an increase to its share repurchase authorization, allowing for an additional $150 million in buybacks, maintaining the current expiration date of December 31, 2027. Following a strong first-half performance, EVERTEC also raised its full-year 2026 revenue and Adjusted earnings per common share outlook. Additionally, the company advanced its growth strategy in Latin America through agreements with Transbank in Chile and Clip in Mexico.
Key Highlights
- Share repurchase authorization increased to $150 million.
- Q2 2026 Revenue increased 20% to $274.8 million.
- Q2 2026 Adjusted EBITDA increased 18% to $109.3 million.
- Q2 2026 Adjusted earnings per common share increased 18% to $1.05.
- Full-year 2026 revenue outlook raised to $1,085 million - $1,095 million.
- Full-year 2026 Adjusted EPS outlook raised to $3.94 - $4.04.
- Repurchased $47.1 million of common stock during Q2 2026.
- Signed strategic agreements with Transbank (Chile) and Clip (Mexico).
Price Impact
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