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EVERTEC (EVTC)

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Earnings summaries and quarterly performance for EVERTEC.

Recent press releases and 8-K filings for EVTC.

EVTC to Acquire Dimensa for R$950 Million
EVTC
M&A
New Projects/Investments
  • EVERTEC, Inc. (EVTC) has entered into a definitive agreement to acquire Dimensa, S.A., a B2B technology provider serving financial institutions in Brazil, through its wholly-owned subsidiary Evertec Brasil Informática S.A.
  • The transaction is valued at R$950 million, representing approximately USD $181 million at current exchange rates, and Evertec expects to finance it with existing liquidity.
  • The acquisition is subject to customary closing conditions, including approval by Brazil’s Administrative Council for Economic Defense (CADE), and is expected to close in the second quarter of 2026.
  • This acquisition is strategically important as it strengthens Evertec’s Funds product offering, expands its portfolio into the Insurance vertical, and grows its customer base in Brazil, positioning Evertec as a leading provider in Brazil’s financial technology sector.
4 days ago
Evertec Amends Credit Agreement, Secures New Term Loan B Facility
EVTC
Debt Issuance
  • On November 25, 2025, Evertec, Inc. entered into a fifth amendment to its Credit Agreement.
  • This amendment established a new $150 million Term Loan B facility.
  • The proceeds from this new facility will be used to repay outstanding indebtedness under the company's revolving facility.
  • The new Term Loan B facility will bear interest at an applicable margin of 2.25% for SOFR loans and 1.25% for base rate loans.
Dec 2, 2025, 12:51 AM
EVTC Reports Strong Q3 2025 Results, Updates 2025 Outlook, and Announces Leadership Changes
EVTC
Earnings
Guidance Update
M&A
  • EVERTEC reported Q3 2025 revenue of $228.6 million, an 8% increase year over year, with adjusted EBITDA of $92.6 million (up 6%) and adjusted EPS of $0.92 (up 7%).
  • The company provided an update on the cybersecurity incident identified in August, stating it was isolated to the PIX environment in Brazil, systems are now operational, and the vast majority of funds have been recovered.
  • Joaquín Castrillo was promoted to Chief Operating Officer and Carla Cruz Lucino was promoted to Chief Financial Officer, effective November 1.
  • EVERTEC closed the acquisition of a controlling stake in TechnoBank in October and secured new deals with Banco de Chile and Financiaria O.
  • The company updated its 2025 revenue outlook to $921 million to $927 million (representing 8.9% to 9.6% growth) and expects adjusted EBITDA growth of 8.5% to 10.4%.
Nov 6, 2025, 9:30 PM
EVERTEC Reports Strong Third Quarter 2025 Results and Raises Full-Year Outlook
EVTC
Earnings
Guidance Update
M&A
  • EVERTEC, Inc. reported Q3 2025 revenue of $228.6 million, an 8% increase year-over-year.
  • GAAP Net Income attributable to common shareholders grew 33% to $32.9 million, or $0.51 per diluted share, for Q3 2025.
  • Adjusted EBITDA increased 6% to $92.6 million, with Adjusted earnings per common share up 7% to $0.92 in Q3 2025.
  • The company completed the acquisition of 75% of Tecnobank Tecnologia Bancária S.A. on October 1, 2025, expanding its presence in Brazil.
  • EVERTEC raised its full-year 2025 outlook, projecting revenue between $921 million and $927 million and Adjusted earnings per common share between $3.56 and $3.62.
Nov 6, 2025, 9:10 PM
Evertec Appoints New COO and CFO, Acquires Tecnobank
EVTC
Management Change
M&A
New Projects/Investments
  • Evertec Inc. announced key executive leadership changes effective November 1, 2025, including Joaquin Castrillo as Senior Executive Vice President and COO, Karla Cruz-Jusino as Executive Vice President and CFO, and Diego Viglianco as Executive Vice President and CIO.
  • The company expanded its presence in Brazil by acquiring a controlling 75% stake in Tecnobank for approximately $148 million, aiming to enhance its fintech capabilities.
  • Despite strong revenue growth of 17.1% over three years, Evertec has faced declining profit margins, prompting a focus on operational efficiency through its leadership restructuring. Analysts have a positive outlook on the stock, rating it as a Buy with a $44 price target.
Oct 2, 2025, 4:00 PM
Evertec Subsidiary Identifies Unauthorized Activity in Brazilian Payment System
EVTC
Legal Proceedings
Profit Warning
  • Evertec's Brazilian subsidiary, Sinqia S.A., identified unauthorized activity in its Pix real-time payment system environment on August 29, 2025.
  • The incident involved approximately R$710 million in unauthorized Business-to-Business transactions affecting two financial institution customers.
  • Sinqia has halted transaction processing in its Pix environment and is awaiting approval from the Brazilian Central Bank to resume operations.
  • The unauthorized activity exploited legitimate Sinqia IT vendors' credentials, which have since been terminated.
  • The financial and reputational impact of the incident is not yet known but could be material.
Sep 2, 2025, 10:15 AM