Evertec Stock Price, News & Analysis

EVERTEC, Inc. (NYSE: EVTC) is a full-service transaction processor and financial technology company focused on Latin America, Puerto Rico and the Caribbean. The company operates in the data processing, hosting, and related services industry within the information sector, and its business centers on enabling electronic payments and financial transactions for a broad range of institutional and commercial clients.

According to its public disclosures, EVERTEC provides merchant acquiring, payment services and business process management services. It serves a diversified customer base of financial institutions, merchants, corporations and government agencies with technology solutions that it describes as "mission-critical" for issuing, processing and accepting transactions securely. EVERTEC’s operations span Puerto Rico, the Caribbean and 26 Latin American countries, with the company based in Puerto Rico.

Core business and transaction processing

EVERTEC is described as a transaction processing business in Latin America and the Caribbean. Its activities are organized into segments that include Merchant Acquiring, Payment Services – Puerto Rico & Caribbean, Latin America Payments and Solutions, and Business Solutions. These segments reflect the company’s focus on electronic payment networks, card and account-based transactions, and related technology and processing services. Information provided indicates that Latin America Payments and Solutions has been a significant contributor to revenue.

Within Puerto Rico, EVERTEC manages a system of electronic payment networks and offers services for core banking, cash processing and fulfillment. Company disclosures state that these activities process over ten billion transactions annually, underscoring the scale of its infrastructure and the central role its platforms play in regional payment flows.

ATH network and payment infrastructure

EVERTEC owns and operates the ATH® network, which it describes as one of the leading personal identification number (PIN) debit networks in Latin America. Through ATH and other electronic payment networks that it manages, the company supports card-based and account-based transactions for financial institutions and merchants in its served markets. EVERTEC also reports that it offers financial technology outsourcing in all regions where it operates, supporting clients that rely on its systems for day-to-day transaction processing.

The company’s disclosures highlight that it provides a broad range of merchant acquiring and payment services, along with business process management. In its Puerto Rico operations, services include technology for core banking systems, as well as cash processing and fulfillment services that support financial institutions and other large clients.

Geographic footprint and customer base

EVERTEC states that it operates in 26 Latin American countries, in addition to Puerto Rico and the Caribbean. Its customer base includes leading financial institutions, merchants, corporations and government agencies. These clients use EVERTEC’s platforms to issue payment instruments, process transactions and accept payments across multiple channels.

The company’s business is geographically concentrated in Puerto Rico, Latin America and the Caribbean, and its filings note that it conducts business through subsidiaries, including Brazilian entities such as Sinqia S.A. and Evertec Brasil Informática S.A. This structure supports its presence in regional payment systems and financial technology markets.

Business segments and services

Based on available information, EVERTEC’s activities are grouped into several key segments:

• Merchant Acquiring – processing and related services that support merchants in accepting electronic payments.
• Payment Services – Puerto Rico & Caribbean – payment-related services in Puerto Rico and Caribbean markets, including transaction processing and related technology.
• Latin America Payments and Solutions – payment processing and technology solutions across Latin American markets.
• Business Solutions – business process management and technology services, which can include projects, hardware sales and IT-related services as described in company reports.

EVERTEC’s earnings releases describe revenue contributions from these segments, referencing factors such as sales volume, transaction growth, non-transactional revenues, and project and hardware-related activity. While specific financial figures change over time, the segment structure and focus on transaction processing and financial technology are core elements of the company’s model.

Capital markets profile and corporate actions

EVERTEC’s common stock trades on the New York Stock Exchange under the symbol EVTC. The company has disclosed actions such as share repurchase authorizations and regular quarterly cash dividends on its common stock, subject to approval by its Board of Directors. It has also reported amendments to its credit agreement and the establishment of additional term loan facilities in its filings.

In Brazil, EVERTEC has described a transaction to acquire, and then the completion of acquiring, a controlling stake in Tecnobank Tecnologia Bancária S.A. through Evertec Brasil Informática S.A. Tecnobank is characterized as a fintech vendor in Brazil’s digital vehicle financing contract registration sector. These disclosures indicate EVERTEC’s use of acquisitions to expand its financial technology capabilities and product offering in Brazil and Latin America.

Risk factors and operational considerations

EVERTEC’s public filings and earnings releases outline various risks and operational considerations. These include reliance on key customer relationships, such as agreements with financial institutions, dependence on information technology systems and third-party vendors, exposure to security breaches or unauthorized activity, and regulatory requirements in the jurisdictions where it operates.

One filing describes an incident involving unauthorized activity in Sinqia’s environment for the Brazilian Central Bank’s real-time payment system known as Pix. The company reported halting transaction processing in that environment, working with cybersecurity forensics experts, and communicating with regulators and affected customers. It noted that the incident related to business-to-business financial transactions for two financial institution customers and that the financial and reputational impact, as well as potential liabilities, were not yet fully known at the time of that filing. The company also stated that it believed the incident was limited to Sinqia’s Pix environment and that it had no indication of unauthorized activity in other systems or compromise of personal data.

Non-GAAP metrics and financial reporting

EVERTEC regularly reports non-GAAP financial measures alongside GAAP results in its earnings releases. These measures include Constant currency revenue, EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings per common share and Constant Currency Adjusted Earnings per common share. The company provides definitions for these metrics and reconciliations to the most directly comparable GAAP measures in its releases.

According to EVERTEC, these non-GAAP measures are used by management to focus on factors considered important to daily operations and are also used by analysts and investors to evaluate companies in its industry. The company notes that these measures have limitations, may be calculated differently by other companies, and should not be viewed as substitutes for GAAP measures.

Position within the information and payments sector

Within the broader information sector, EVERTEC’s focus is on data processing, transaction processing and financial technology services that support electronic payments and banking infrastructure in Latin America, Puerto Rico and the Caribbean. Its ownership of the ATH network, management of electronic payment networks, and role in core banking and cash processing in Puerto Rico position it as a key infrastructure provider in its served markets, based on its own descriptions.

Investors and analysts evaluating EVTC stock often review the company’s segment performance, geographic diversification, transaction volumes and technology capabilities, along with its use of non-GAAP measures and the risk factors outlined in its SEC filings and earnings releases.