Fidelity National Information Services’ FIS first-quarter 2020 adjusted earnings per share from continuing operations were $1.28, surpassing the Zacks Consensus Estimate by a penny. Also, the bottom line compared favorably with the year-ago quarter figure of $1.16.Organic revenue growth and expanding margin were the key tailwinds. Also, strong liquidity position aided. However, a significant rise in expenses posed a key concern.On a GAAP basis, the company reported net earnings attributable to common stockholders of $15 million or 2 cents per share compared with $148 million or 45 cents in the prior-year quarter.Organic Revenues Increase, Expenses Flare UpGAAP revenues in the quarter were $3.08 billion, up 50% year over year. The figure met the Zacks Consensus Estimate.Organic revenues went up nearly 2% in the quarter.Selling, general and administrative expenses were $881 million, up significantly year over year.Segment wise, Merchant Solutions’ GAAP revenues grew to $935 million from $50 million in the year-ago quarter. Revenues from Banking Solutions rose 6% to $1.46 million. Capital Market Solutions’ revenues climbed 10% to $631 million.Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) increased to $1.25 billion from $729 million in the year-ago quarter. Adjusted EBITDA margin expanded 510 basis points to 40.5%.Balance Sheet & Cash FlowAs of Mar 31, 2020, cash and cash equivalents were $1.37 billion compared with $1.15 billion as of Dec 31, 2019. Debt outstanding was $20.4 billion.In the first quarter, net cash provided by operations was $383 million and free cash flow nearly doubled from the prior-year quarter to $539 million.The company paid out dividends worth $216 million in the reported quarter.Our ViewpointFidelity reported a decent quarter, with higher organic revenues and strong liquidity position. The company enjoys a dominant position in financial and payments solutions business, backed by a robust product portfolio. Notably, the merger of Fidelity and Worldpay will provide clients of both organizations access to a wider portfolio of digital assets for accelerating revenue growth.However, increasing consolidation in the banking sector, a challenging environment for the Payments Solutions business and an uncertain regulatory environment are key headwinds.Fidelity National Information Services Inc Price, Consensus and EPS Surprise Fidelity National Information Services Inc price-consensus-eps-surprise-chart | Fidelity National Information Services Inc QuoteFidelity currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other BanksLendingTree TREE reported first-quarter 2020 adjusted net income per share of $1.20, beating the Zacks Consensus Estimate of $1.09. Further, the figure was higher than the prior-year quarter’s $1.10 per share.Hercules Capital Inc.’s HTGC first-quarter 2020 net investment income of 37 cents per share outpaced the Zacks Consensus Estimate by a penny. The bottom line also grew 23.3% from the year-ago reported figure.Ares Capital Corporation’s ARCC first-quarter 2020 core earnings of 41 cents per share missed the Zacks Consensus Estimate of 43 cents. Also, the bottom line declined 14.6% year over year.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelity National Information Services Inc (FIS): Free Stock Analysis Report Ares Capital Corporation (ARCC): Free Stock Analysis Report Hercules Capital Inc (HTGC): Free Stock Analysis Report LendingTree Inc (TREE): Free Stock Analysis Report To read this article on Zacks.com click here.