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Evertec Inc 8-K Filings

EVTC NYSE

Every 8-K that Evertec Inc (EVTC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow EVTC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EVTC filings page.

Rhea-AI Summary

Evertec reported strong second-quarter 2026 operating performance while raising its full-year outlook. Revenue for the quarter ended June 30, 2026 was $274.8 million, up 20% from $229.6 million, or 16% on a constant currency basis, driven by organic growth across most segments, contributions from recent acquisitions and a $9.1 million foreign-exchange benefit. Latin America and merchant acquiring led growth, while Business Solutions contracted due to a 10% pricing discount to Popular.

GAAP net income attributable to common shareholders fell to $5.4 million, or $0.09 per diluted share, from $40.5 million, or $0.62, primarily due to impairment charges from exiting an equity method investment, cybersecurity incident response and remediation costs, acquisition-related integration costs, higher depreciation and amortization, and increased interest expense, along with higher income tax expense from discrete items and mix shift. Underlying performance remained solid: Adjusted EBITDA rose 18% to $109.3 million with a 39.8% margin, and Adjusted net income reached $64.8 million, driving Adjusted diluted EPS of $1.05, up 18%.

The company returned $50.1 million to shareholders via dividends and repurchased 1,907,437 shares for $47.1 million at an average $24.68, and the Board increased the share repurchase authorization to $150 million through December 31, 2027. Revised 2026 guidance now calls for revenue of $1,085–$1,095 million (about 16.4–17.5% growth) and Adjusted EPS of $3.94–$4.04 (about 8.8–11.7% growth), with Adjusted EBITDA margin of 39–40%, capital expenditures of approximately $90 million, and an adjusted effective tax rate of 11–12%. Evertec also advanced its Latin America strategy through agreements with Transbank in Chile and Clip in Mexico.

Rhea-AI Summary

Evertec, Inc. declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on September 4, 2026 to stockholders of record as of the close of business on August 3, 2026. The board anticipates declaring this dividend in future quarters on a regular basis, but any future dividends remain subject to board approval and may be adjusted based on business needs or market conditions.

Evertec is a full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean. It owns and operates the ATH network, manages electronic payment networks, and processes over ten billion transactions annually across 26 Latin American countries.

Rhea-AI Summary

EVERTEC, Inc. reports a cybersecurity incident involving potential unauthorized access to certain customer data. The company believes an outside party obtained, through a third-party support platform, some financial institution client information, including transaction records, payment card numbers and, in some cases, customer names and contact details.

Evertec states the impact appears concentrated among financial institution clients in Puerto Rico and their customers. The company activated its cyber response protocols, engaged external cybersecurity experts, notified federal law enforcement, and believes the third-party platform is now secured. Operations and customer services have not been disrupted.

The full scope and financial impact are still under forensic investigation. Evertec expects to incur expenses for investigation and remediation and notes it carries cybersecurity insurance, though any recoveries and overall liabilities from this incident have not yet been determined.

Rhea-AI Summary

EVERTEC, Inc. reported the results of its 2026 Annual Meeting of Stockholders. Stockholders elected all ten director nominees, approved an advisory vote on executive compensation, and ratified the appointment of Deloitte & Touche LLP as independent auditor for the fiscal year ending December 31, 2026.

There were 61,620,344 shares of common stock outstanding as of the March 27, 2026 record date, each entitled to one vote. A quorum was present, with 58,025,701 shares represented in person or by proxy.

Rhea-AI Summary

Evertec, Inc. amended its existing credit agreement to add a new Term Loan B tranche. Lenders provided additional term loan B commitments totaling $185 million, referred to as the 2026 Incremental TLB. The company used these proceeds to repay borrowings under the revolving credit facility.

The new term loans are fungible with the existing Term B Loans and share the same interest rate, maturity, and other key terms. After this transaction, the aggregate principal amount of Term B Loans outstanding under the amended credit agreement is $875 million, while all other terms of the credit agreement remain in effect.

Rhea-AI Summary

EVERTEC, Inc. reported first quarter 2026 revenue of $247.9 million, up 8% year over year, driven by organic growth across most segments and contributions from recent acquisitions. Constant currency revenue grew 5% to $241.2 million.

GAAP net income attributable to common shareholders fell 27% to $23.8 million, or $0.38 per diluted share, mainly due to higher selling, general and administrative expenses, contingent consideration payments and higher depreciation and amortization from recent acquisitions. Adjusted EBITDA rose 9% to $97.0 million, with margin steady at 39.1%, while adjusted earnings per share increased 3% to $0.90, helped by a lower share count.

The company completed its acquisition of Dimensa S.A., a B2B technology provider in Brazil, and returned $23.1 million to shareholders through share repurchases and dividends. EVERTEC raised its full-year 2026 revenue outlook to $1,073–$1,085 million, implying growth of about 15.1% to 16.4%, and now expects adjusted EPS of $3.86–$3.98, representing growth of roughly 6.6% to 9.9%, while maintaining capital expenditure and tax rate guidance.

Rhea-AI Summary

EVERTEC, Inc., through its wholly owned subsidiary Evertec Brasil Informática S.A., has completed the previously announced acquisition of a 100% ownership stake in Dimensa S.A., a business-to-business technology provider serving financial institutions in Brazil.

The final aggregate purchase price was approximately R$981 million, or about USD$197 million, subject to customary closing adjustments. EVERTEC funded the transaction using its existing liquidity, rather than raising new external financing.

Rhea-AI Summary

EVERTEC, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on June 5, 2026 to stockholders of record as of the close of business on May 11, 2026. The Board anticipates continuing to declare this dividend in future quarters on a regular basis, but notes that any future dividend is subject to Board approval and may be adjusted if business needs or market conditions change.

Rhea-AI Summary

EVERTEC, Inc. reported strong growth for the fourth quarter and full year 2025 while outlining upbeat 2026 guidance and a larger share repurchase plan. Fourth quarter revenue rose 13.1% to $244.8 million, or 11.4% on a constant currency basis. Adjusted EBITDA grew 11.5% to $98.8 million, though GAAP net income attributable to common shareholders declined 11.2% to $35.6 million, or $0.56 per diluted share, mainly due to higher depreciation, acquisition-related costs and cloud and personnel expenses.

For 2025, revenue increased 10.2% to $931.8 million and GAAP net income attributable to common shareholders rose 25.7% to $141.6 million, or $2.20 per diluted share. Adjusted EBITDA reached $373.4 million, up 9.8%, while adjusted earnings per share climbed 10.4% to $3.62, supported by higher revenue, lower interest expense and a reduced share count from buybacks.

The company returned $82.1 million to shareholders in 2025 through dividends and the repurchase of 2,331,064 shares at an average price of $29.73. The board increased the share repurchase authorization to an aggregate $150 million and extended it to December 31, 2027. For 2026, EVERTEC targets total revenue between $1,024 million and $1,036 million and adjusted earnings per share between $3.84 and $3.96, implying continued high single- to low double-digit growth, with capital expenditures of about $90 million and an adjusted effective tax rate of approximately 11% to 12%.

Rhea-AI Summary

EVERTEC, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on March 6, 2026 to stockholders who are on record as of the close of business on March 2, 2026.

The Board anticipates declaring this dividend on a regular basis in future quarters, but emphasizes that any future dividends will remain subject to Board approval and may be adjusted if business needs or market conditions change.

Rhea-AI Summary

EVERTEC, Inc. announced that its wholly owned subsidiary Evertec Brasil Informática S.A. agreed to acquire all outstanding common shares of Brazilian company Dimensa S.A. from TOTVS S.A. for an aggregate purchase price of approximately R$950 million, representing approximately USD $181 million at current exchange rates, subject to customary adjustments.

The transaction is expected to be funded with existing liquidity and would give Evertec a 100% ownership stake in Dimensa on a fully diluted basis. Closing is targeted for the second quarter of 2026, subject to conditions including Brazilian antitrust (CADE) approval, Seller’s purchase of Dimensa shares held by B3, distribution of Dimensa’s excess cash, accuracy of representations, covenant compliance, absence of certain legal impediments, and no Material Adverse Effect. The agreement includes customary covenants, indemnities, six‑month transition services (extendable), and termination rights if closing does not occur within 180 days of signing, subject to extension.

Rhea-AI Summary

Evertec, Inc. amended its main credit agreement to add a new term loan B facility. Under this amendment, a syndicate of lenders provided $150 million in additional term loan B commitments, called the New TLB Facility. The company has used these funds to repay debt outstanding under its existing revolving credit facility, effectively shifting that borrowing into a longer-term loan.

Borrowings under the New TLB Facility will bear interest at either an alternate base rate or a SOFR-based rate, plus an applicable margin. The margin is 2.25% for SOFR loans and 1.25% for base rate loans, which matches the pricing on Evertec’s existing term B loans. The amendment is documented in a Fifth Amendment to the Credit Agreement with Truist Bank acting as administrative and collateral agent.

Rhea-AI Summary

EVERTEC, Inc. (EVTC) filed an 8-K announcing preliminary results for the third quarter ended September 30, 2025. The company issued a press release on November 6, 2025, and attached it as Exhibit 99.1.

The filing is presented under Item 2.02 (Results of Operations and Financial Condition). The press release is incorporated by reference, but the excerpt does not include financial figures.

Rhea-AI Summary

EVERTEC, Inc. (EVTC) announced a regular quarterly cash dividend of $0.05 per share. The dividend will be paid on December 5, 2025 to shareholders of record as of November 3, 2025. The Board indicated it anticipates declaring this dividend in future quarters on a regular basis, though any future dividends remain subject to Board approval and may be adjusted as business needs or market conditions change.

Rhea-AI Summary

Evertec announced leadership changes effective November 1, 2025. Joaquín A. Castrillo is promoted to Senior Executive Vice President and Chief Operating Officer and will continue reporting to CEO Morgan M. Schuessler, Jr. Castrillo’s base salary is $500,000 and he is eligible for annual cash incentives up to 100% of base pay; he will remain in the company’s long-term incentive program and the Evertec Group, LLC Executive Severance Policy. Karla M. Cruz-Jusino is named Executive Vice President and Chief Financial Officer and Treasurer with a $360,000 base salary and eligibility for annual cash incentives up to 85% of base pay; she will join the Severance Policy and remain in LTIP. Diego Viglianco is appointed Executive Vice President and Chief Information Officer, retaining a $463,500 base salary and eligibility for incentives up to 85% of base pay. The filing states there are no family relationships or related-party transactions requiring disclosure.

Rhea-AI Summary

EVERTEC disclosed a cybersecurity incident affecting Sinqia's Pix transaction environment in Brazil that processed approximately R$710 million in unauthorized Business-to-Business transactions on August 29, 2025. The company says a portion of the amount has been recovered and additional recovery efforts are ongoing. Preliminary forensics indicate the transactions were introduced using legitimate credentials of Sinqia IT vendors, and those credentials have been terminated.

The issue appears limited to Sinqia's Pix environment; no unauthorized activity has been identified in other Sinqia systems and there is no indication of personal data compromise. Sinqia provided analyses to BCB and the two impacted customers. EVERTEC cautions the financial and reputational impact, potential liability, insurance applicability, and effect on internal controls are not yet determined and could be material.

Rhea-AI Summary

EVERTEC, Inc. announced that its wholly owned subsidiary Evertec Brasil Informática S.A. agreed to acquire a controlling stake in Brazilian fintech Tecnobank Tecnologia Bancária S.A. Evertec BR will purchase 7,628,470 Tecnobank common shares from existing shareholders for approximately R$787 million, or about USD $144 million at current exchange rates, funded with the Company’s existing liquidity.

After closing, Evertec BR will hold a 75% ownership stake in Tecnobank on a fully diluted basis. The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions, including final approval by Brazilian antitrust authority CADE, no material adverse effect and the accuracy of representations and warranties. At closing, the parties plan to enter a shareholders’ agreement covering post-closing governance, share transfer rules and reciprocal put and call options for the remaining equity interests.