Evertec’s initiative seeks to provide visibility and amplify the impact of nonprofit organizations in Puerto Rico.
The firm used the proceeds to pay off several loans.
Evertec’s operation in Puerto Rico benefited from increased point-of-sale transaction volumes during the quarter.
Excluding the effects of that transaction, Popular Inc.’s net income for the quarter would have been $195.8 million.
Popular will report an after-tax gain of approximately $131 million.
In connection with the transaction, Popular will add some 165 employees and contractors from Evertec.
This edition is focused on STEM careers promoting gender equality.
Evertec CEO Mac Schuessler confirmed the company’s plans in a call with industry analysts to discuss its first quarter results.
The transaction is expected to close on or about June 30, 2022.
Evertec announced the results of its fundraising initiative, “ATH Móvil for Puerto Rico,” which drove thousands of Puerto Ricans to donate via ATH Móvil’s “donate” feature, resulting in more than $200,000 raised for local nonprofit organizations. WAPA TV joined the initiative with the support of its programs and celebrities, along with dozens of influencers who […]
WAPA TV is joining Evertec’s “ATH Móvil for Puerto Rico” initiative to promote the growth of nonprofit organizations on the island. To mark the recent re-launch of the ATH and ATH Móvil brands, the companies came together to launch the “ATH Móvil for Puerto Rico Week” with a contest in which nonprofits registered to receive […]
Evertec announced it has awarded more than 170 scholarships to university students in Puerto Rico and throughout Latin America in connection with the 7th edition of its Scholarship Program. The company granted more than $185,000 maintaining, for its second consecutive year, equal participation of men and women. The company, in alliance with leaders in the […]
Evertec Inc. announced total revenue for the quarter ended Sept. 30, 2021, of $145.9 million, an increase of 7% compared with $136.5 million in the prior year quarter as it “continues to benefit from increased transactions in Puerto Rico, driven by the continued effect from the inflow of federal funds, and increased revenue from our […]
Evertec Inc. announced that S&P Global Ratings has upgraded its issuer credit rating to ‘BB-‘/Stable Outlook from ‘B+’. As basis for its upgrade, S&P noted Evertec’s “conservative balance sheet and solid credit metrics while expanding revenue amid several external impacts including the COVID-19 pandemic.” S&P also cited its expectation that Evertec will generate consistent financial […]
In its pursuit of contributing to the development of an exceedingly technological society with the need for young professionals who can perform competitively in the new job market, Evertec announced the launch of the 7th edition of its scholarship program aimed at university students from Puerto Rico and Latin America who are focused on the […]
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