Welcome to our dedicated page for Evertec SEC filings (Ticker: EVTC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
EVERTEC, Inc. filings document the formal disclosures of a Puerto Rico-incorporated transaction processor and financial technology company. Recent 8-K reports cover operating results, Regulation FD dividend announcements, completed acquisitions, amendments to credit agreements, debt financing activity and share repurchase authorization for the company's common stock.
Proxy materials describe board matters, shareholder voting items, executive compensation and governance practices. The filing record also addresses capital-structure disclosures, material agreements, risk factors and exhibits tied to EVERTEC's merchant acquiring, payment services, Latin America technology services and business solutions operations.
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.
EVERTEC (EVTC) posted solid second-quarter results. Revenue rose 8.3% YoY to $229.6 million, led by double-digit gains in Latin America Payments & Solutions (+14.6%) and steady growth in all other segments. Operating income climbed 29% to $56.1 million as cost discipline and lower depreciation drove the operating margin to 24.5% (vs. 20.4%). Net income attributable to common shareholders advanced 27% to $40.5 million; diluted EPS increased to $0.62 from $0.49.
For the first six months, revenue reached $458.4 million (+9.9%), with net income up 52.8% to $73.2 million and diluted EPS of $1.13 (+55%). Cash from operations was $86.1 million; capex and software investments totaled $42.3 million, producing $43.4 million of FCF.
Balance sheet highlights: cash & equivalents increased to $290.6 million, while net debt fell 2% to $648.3 million, lowering leverage to ~2.9× EBITDA (company-calculated). Stockholders’ equity expanded to $612.3 million, helped by $73 million of OCI gains from currency translation. Goodwill rose $44 million, reflecting the Grandata and Nubity acquisitions.
Strategic & risk items:
- Popular Inc. remains the largest customer (31% of revenue).
- Three interest-rate swaps hedge $550 million of variable-rate debt through 2027.
- Contracted backlog (performance obligations) totals $734.8 million over five years.
- Share count declined to 63.98 million after repurchases.
Form 4 Filing Details: EVERTEC director Aldo J. Polak reported the sale of 2,243 shares of common stock on June 20, 2025, at a weighted average price of $35.7194 per share. The transaction prices ranged from $35.575 to $35.920 per share.
Following this disposition, Polak retains direct beneficial ownership of 11,946 shares of EVERTEC common stock. The transaction was executed as a standard sale (transaction code 'S') and was reported within the required filing deadline.
Key Transaction Points:
- Transaction Type: Open market sale
- Transaction Value: Approximately $80,118 (based on average price)
- Position Impact: Reduced direct holdings by 15.8%
- Filing Status: Timely filed within SEC requirements
Evertec, Inc. (EVTC) — Form 144 filing overview
An unidentified insider has filed a Form 144 indicating an intent to sell up to 2,243 shares of Evertec common stock through J.P. Morgan Securities LLC. The planned sale represents an aggregate market value of $80,703 based on the market price at the time of filing and equates to roughly 0.0035 % of the 63,614,077 shares outstanding. The filer expects the transaction to occur on or about 20 June 2025 on the NYSE.
The securities were originally acquired on 3 June 2025 via the vesting of 4,350 restricted stock units (RSUs) received as compensation. No other sales have been reported by the filer within the past three months, and there are no remarks suggesting unusual circumstances or undisclosed material information.
Because Form 144 is merely a notice of a proposed sale, the transaction may or may not ultimately occur, and the size is de-minimis relative to Evertec’s float. Nonetheless, the filing provides transparency about potential insider activity, allowing investors to monitor any future disposition of shares.