Evertec Inc
F:2EV

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Evertec Inc Logo
Evertec Inc
F:2EV
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Price: 19.5 EUR -2.5% Market Closed
Market Cap: €1.3B

Evertec Inc
Investor Relations

Evertec is a payments and transaction-processing company that helps banks, merchants, and businesses move money and handle electronic payments. It runs the systems behind card authorizations, payment switching, merchant acquiring, and other back-office processing work that lets debit cards, credit cards, and electronic transfers clear smoothly. Its customers include financial institutions, merchants, and government or commercial clients that need reliable payment infrastructure. The company makes money by charging fees for processing transactions, maintaining payment platforms, and providing related technology services. It also sells software and services that help clients manage payments, billing, collections, and other financial workflows. In practice, Evertec sits in the middle of the payment chain: it is not usually the face the consumer sees, but the infrastructure partner that connects banks, merchants, and payment networks. What makes the business model different is that it is built around essential, recurring transaction flow rather than one-time product sales. Once a client connects to Evertec’s systems, it tends to use those rails for everyday payment activity, which makes the company an important utility-like provider in the region’s financial infrastructure. That role gives Evertec exposure to the growth of electronic payments and the ongoing shift away from cash and paper-based processing.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Strong quarter: EVERTEC reported first-quarter revenue of $247.9 million, up 8% year over year, with adjusted EBITDA up 9% to $97 million and adjusted EPS up 3% to $0.90.

Guidance raised: Management increased full-year 2026 revenue outlook to $1.073 billion-$1.085 billion and lifted constant-currency growth expectations to 13.8%-15.0%, mainly reflecting the Dimensa acquisition and stronger underlying business trends.

Dimensa close: The company closed Dimensa and said it should be neutral to slightly accretive in 2026, with synergies expected to start in 2027 and beyond.

Margin resilience: Adjusted EBITDA margin held at 39.1% despite the 10% Popular discount and foreign exchange pressure, which management said reflected cost discipline and operating efficiency.

Latin America momentum: Latin America revenue rose 32% reported and 24% in constant currency, helped by Tecnobank, Brazil growth, and foreign exchange tailwinds.

AI stance: Management said AI looks more like a tailwind than a threat, citing faster incident resolution, better fraud tools, and future margin and product improvement opportunities.

Key Financials
Revenue
$247.9 million
Constant currency revenue growth
approximately 5%
Adjusted EBITDA
$97 million
Adjusted EBITDA margin
39.1%
Adjusted EPS
$0.90
Adjusted net income
$56 million
Merchant Acquiring revenue
$48.4 million
Merchant Acquiring adjusted EBITDA margin
40.3%
Payment Services Puerto Rico and Caribbean revenue
$58.4 million
Payment Services Puerto Rico and Caribbean adjusted EBITDA margin
59.4%
Latin America revenue
$110.3 million
Latin America constant currency revenue growth
approximately 24%
Latin America adjusted EBITDA
$32.8 million
Latin America adjusted EBITDA margin
29.7%
Business Solutions revenue
$59.5 million
Business Solutions adjusted EBITDA margin
36.3%
Operating cash flow
$31.2 million
Capital expenditures
$22.7 million
Dividends
$3.1 million
Share repurchases
$20 million
Shares repurchased
683,000
Remaining share repurchase authorization
$130 million
Liquidity
$460.3 million
Net debt
$826.2 million
Weighted average interest rate
approximately 6%
Net debt to adjusted EBITDA
2.15x
Adjusted effective tax rate
10.9%
Foreign currency tailwind
approximately 135 basis points
Earnings Call Recording
Other Earnings Calls

Management

Mr. Morgan M. Schuessler Jr.
President, CEO & Director
No Bio Available
Mr. Joaquin A. Castrillo-Salgado CPA
Executive VP, Treasurer & CFO
No Bio Available
Mr. Miguel Vizcarrondo Carrión
Executive VP and Chief Product & Innovation Officer
No Bio Available
Ms. Karla M. Cruz-Jusino
Senior VP, Chief Accounting Officer & Assistant Treasurer
No Bio Available
Mr. Luis A. Rodríguez-González J.D.
Executive VP, Chief Legal & Administrative Officer and Secretary
No Bio Available
Ms. Alexandra López-Soler
Executive VP & Chief Marketing Officer
No Bio Available
Mr. Alberto Lopez Gaffney
Chief Corporate Development Officer & Executive VP of Corporate Development
No Bio Available
Ms. Paola Pérez Surillo
Executive VP & Group Head of Puerto Rico
No Bio Available
Mr. Rodrigo Del Castillo
Chief Commercial Officer for Latin America
No Bio Available
Mr. Daniel Brignardello
Executive VP & Group Head of Latin America
No Bio Available

Contacts

Address
Rio Piedras
Carr. #176 K.m. 1.3 Cupey Bajo
Contacts
+17877599999.0
www.evertecinc.com
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