EVERTEC, Inc.

Listed Company

EVTCCIK 0001559865NYSELarge AcceleratedServices-Computer Processing & Data PreparationPuerto RicoPRFY ends Dec 31

Period

FY 2025

Revenue

$931.82M

Net Income

$141.59M

Total Assets

$2.24B

Equity

$621.61M

Shares Out

61.76M

Op. Cash Flow

$227.01M

Business

EVERTEC, Inc. is a full-service transaction-processing and financial technology provider serving financial institutions, merchants, corporations, and government agencies. It offers merchant acquiring, payment processing, card and network services (including the ATH network and ATH Movil), core banking and business process management, managed and security services, fraud monitoring, cloud and analytics capabilities through recent acquisitions. Its key business segments include Payment Services – Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. EVERTEC distributes services across Latin America, Puerto Rico and the Caribbean via a direct sales force, partnerships, and merchant/acquirer channels.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	932	845	695	618	590
Cost of revenues, exclusive of depreciation and amortization shown below	469	406	337	293	250
Selling, general and administrative expenses	154	146	128	90	68
Depreciation and amortization	122	128	94	79	75
Total operating costs and expenses	745	680	559	461	393
Income from operations	186	166	136	157	197
Interest income	15	13	9	3	2
Interest expense	−68	−75	−32	−25	—
Gain (loss) on foreign currency remeasurement	592,000	−5	−8	−8	2
Loss on foreign currency swap	0	0	−24	0	0
Earnings from equity investees	5	4	5	3	2
Other income, net	15	16	367,000	1	3
Total non-operating expenses	−32	−46	−51	110	−15
Income before income taxes	154	120	85	268	182
Income tax expense	10	5	5	29	21
Net income	145	115	80	239	161
Less: Net income attributable to non-controlling interests	3	2	154,000	−140,000	13,000
Net income attributable to EVERTEC, Inc.s common stockholders	142	113	80	239	161
Foreign currency translation adjustments	75	−153	38	12	−11
Loss on cash flow hedges	−7	−74,000	−4	19	11
Unrealized gain (loss) on change in fair value of debt securities available-for-sale	20,000	−7,000	−15,000	−68,000	109,000
Other comprehensive income (loss), net of tax	68	−153	35	32	—
Total comprehensive income (loss) attributable to EVERTEC, Inc.s common stockholders	210	−40	114	271	161
Net income per common share - basic attributable to EVERTEC, Inc.s common stockholders (in dollar per share)	2.22	1.75	1.23	3.48	2.24
Net income per common share - diluted attributable to EVERTEC, Inc.s common stockholders (in dollar per share)	2.2	1.73	1.21	3.45	2.21

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	306	274	296	185	258
Restricted cash	26	25	23	18	20
Accounts receivable, net	164	138	127	112	113
Settlement assets	26	32	51	32	—
Prepaid expenses and other assets	68	61	65	42	37
Total current assets	591	529	561	389	436
Debt securities available-for-sale, at fair value	3	913,000	2	—	—
Equity securities, at fair value	6	5	9	0	—
Investment in equity investees	30	29	21	15	12
Property and equipment, net	64	62	—	—	—
Operating lease right-of-use asset	38	10	15	16	21
Goodwill	892	727	792	423	393
Other intangible assets, net	553	431	518	200	213
Deferred tax asset	45	34	48	6	7
Derivative asset	0	4	4	7	0
Other long-term assets	20	25	27	17	10
Total assets	2,243	1,858	2,060	1,132	1,145
Accrued liabilities	126	125	129	81	75
Accounts payable	64	59	67	30	28
Contract liability	27	25	21	15	17
Income tax payable	3	9	3	9	7
Current portion of long-term debt	24	24	24	21	20
Short-term borrowings	10	0	0	20	0
Current portion of operating lease liability	6	6	7	6	6
Settlement liabilities	26	32	48	27	—
Total current liabilities	285	280	298	208	153
Long-term debt	1,053	925	947	389	445
Deferred tax liability	71	45	88	10	2
Contract liability - long term	47	55	42	34	36
Operating lease liability - long-term	33	5	9	11	16
Derivative liability	5	1	900,000	0	13
Other long-term liabilities	34	28	40	4	8
Total liabilities	1,529	1,338	1,425	657	674
Commitments and contingencies (Note 25)	—	—	—	—	—
Redeemable non-controlling interests	89	43	37	0	—
Preferred stock, par value $0.01; 2,000,000 shares authorized; none issued	0	0	0	0	0
Common stock, par value $0.01; 206,000,000 shares authorized; 61,756,639 shares issued and outstanding at December 31, 2025 (December 31, 2024 - 63,614,077)	618,000	636,000	654,000	648,000	719,000
Additional paid-in capital	0	7	37	0	8
Accumulated earnings	688	600	539	487	506
Accumulated other comprehensive loss, net of tax	−67	−135	18	−16	−48
Total EVERTEC, Inc. stockholders equity	622	473	594	472	466
Non-controlling interest	3	3	4	3	4
Total equity	625	476	598	475	470
Total liabilities and equity	2,243	1,858	2,060	1,132	1,145

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt issue costs and accretion of discount	5	5	2	2	2
Operating lease amortization	7	7	6	6	6
Loss on extinguishment of debt	0	0	1	1	0
Provision for expected credit losses and sundry losses	2	926,000	1	5	2
Deferred tax benefit	−24	−27	−16	−435,000	−3
Share-based compensation	30	30	26	20	15
Dividends received from equity method investee	4	3	3	2	1
Other, net	1	−1	2	5	—
Accounts receivable, net	−29	−11	−7	−16	−19
Prepaid expenses and other assets	−2	−865,000	−17	−5	4
Other long-term assets	5	1	−5	−5	−4
Accrued liabilities and accounts payable	−17	−7	47	23	2
Income tax payable	−8	6	−7	1	−359,000
Contract liability	−8	14	8	−2	−2
Operating lease liabilities	−7	−7	−6	−4	−5
Other long-term liabilities	9	3	−5	−2	−5
Total adjustments	82	145	131	−19	67
Net cash provided by operating activities	227	260	211	220	228
Additions to software	−68	−63	−64	−45	−42
Acquisitions, net of cash acquired	−144	−34	−418	−44	0
Property and equipment acquired	−23	−25	−21	−27	−25
Acquisition of available-for-sale debt securities	−2	−800,000	−962,000	−254,000	−3
Investment in equity method investee	0	−2	−6	0	0
Other investing activities, net	101,000	7	1	—	—
Net cash used in investing activities	−238	−118	−508	−133	−84
Acquisition of redeemable non-contolling interest	−5	0	0	—	—
Debt issuance and repricing costs	−1	−1	−10	−7	0
Proceeds from issuance of long-term debt	150	0	651	415	0
Net increase (decrease) in short-term borrowings	10	0	−20	20	0
Repayments of short-terms borrowings for purchase of equipment and software	−2	−2	−7	−949,000	−2
Dividends paid	−13	−13	−13	−14	−14
Withholding taxes paid on share-based compensation	−9	−10	−6	−6	−9
Repurchase of common stock	−69	−82	−36	−97	−24
Repayment of long-term debt	−24	−24	−154	−467	−32
Repayment of other financing agreements	−5	−8	−717,000	0	0
Settlement activity, net	−112,000	−9	13	3	—
Other financing activities, net	−3	−3	0	0	—
Net cash provided by (used in) financing activities	28	−153	416	−153	−81
Effect of foreign exchange rate on cash, cash equivalents and restricted cash	16	−18	8	−4	1
Net increase (decrease) in cash, cash equivalents and restricted cash	33	−29	128	−70	65

Filings

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