Priority Technology reports Q4 EPS (16c), consensus (10c)

Reports Q4 revenue $199.28M, consensus $201.84M. “We delivered record fourth quarter and full year 2023 results, driven by continued strength in SMB acquiring, B2B payables and Enterprise payments,” said Tom Priore, chairman and CEO of Priority. “Everything we’ve done over the past several years – from the significant early investment in our technology infrastructure, to our focus on diversifying our offering through countercyclical assets, to our acquisition of Plastiq – was done with intention and purpose, to provide our customers with an elegant, unified commerce experience combining our core pillars of acquiring, banking and payables on a single platform. Our results demonstrate that we are achieving that goal.”