Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was approximately $212 million, an increase of approximately 22% compared to Q3 2023 [7][18] - Adjusted EBITDA was approximately $87 million, an increase of approximately 11% year-over-year, with an adjusted EBITDA margin of 41.3%, which is approximately 420 basis points lower than the previous year but above expectations [7][19] - Adjusted earnings per share was $0.86, an increase of 8% from the prior year [7][19] - Year-to-date operating cash flow was $185 million, with approximately $92 million returned to shareholders through dividends and share repurchases [8] Business Line Data and Key Metrics Changes - In Puerto Rico, Merchant Acquiring revenue increased approximately 12% year-over-year, driven by higher sales volume and spreads [9][20] - Payments Puerto Rico revenue was up approximately 2%, influenced by growth in ATH Mobile and POS transactions [9][21] - Business Solutions segment revenue increased approximately 8%, attributed to projects with Popular that have gone into production [9][24] - LATAM segment revenue was up 65% year-over-year, primarily due to the Sinqia acquisition, with a one-time revenue from GetNet Chile impacting results [12][23] Market Data and Key Metrics Changes - The macroeconomic environment in Puerto Rico remains stable, with employment up 1.9% year-over-year and a low unemployment rate of 5.7% [10] - Travel and tourism trends in Puerto Rico are positive, with international airport arrivals up approximately 19% year-over-year [10] Company Strategy and Development Direction - The company has closed the acquisition of Grandata, enhancing its product offerings and relationships with key fintechs in Latin America [14] - Cost efficiency initiatives are being executed to offset the anticipated impact of a 10% discount on certain MSA services starting in October 2025 [11][32] - The company aims to maintain competitive pricing and drive business growth despite the upcoming discount [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects in both LATAM and Puerto Rico, despite facing currency headwinds [28][34] - The company expects revenue growth of approximately 21% to 22% year-over-year for 2024, with adjusted EBITDA margin expectations between 39.5% to 40% [28][31] - Management highlighted the importance of ongoing modernization and re-pricing initiatives to enhance margins and revenue growth in the Sinqia segment [40][49] Other Important Information - The company has a strong liquidity position with approximately $469 million as of September 30 [8][27] - The company has committed to a scholarship program in Puerto Rico and Latin America, awarding approximately $1.4 million over ten years [15] Q&A Session Summary Question: Insights on pricing power and volume trends - Management noted that pricing initiatives have been implemented, but some will anniversary in Q4, and volumes have remained consistent without significant acceleration [36][37] Question: Details on the Grandata acquisition - Grandata specializes in leveraging behavioral data for credit risk insights, particularly in Mexico and Brazil, and complements the company's existing issuing platform [39] Question: Update on Sinqia's performance - Management highlighted three focus areas: re-pricing contracts, modernizing platforms, and margin optimization, which are expected to drive growth and improve margins [40][49] Question: Cost initiatives to offset MSA contract changes - The company has identified cost-cutting measures to offset the anticipated $18 million impact from the MSA contract changes, ensuring margin stability [42][52] Question: Client attrition in LATAM - Management acknowledged some client attrition due to regulatory changes and other factors but remains optimistic about growth driven by Sinqia and Grandata [58] Question: Capital allocation strategy - The company plans to be opportunistic with share repurchases, maintaining flexibility in capital deployment strategies [60]

Core Insights - Evertec reported revenue of $211.8 million for the quarter ended September 2024, reflecting a year-over-year increase of 22.3% [1] - The company's EPS was $0.86, up from $0.80 in the same quarter last year, exceeding the consensus EPS estimate of $0.73 by 17.81% [1] Revenue Performance - Payment Services - Puerto Rico & Caribbean generated $52.76 million, slightly below the estimated $53.58 million, marking a year-over-year increase of 2.2% [3] - Payment Services - Latin America reported $76.03 million, significantly above the previous year's figure, with a year-over-year growth of 64.7%, although it fell short of the $79.49 million estimate [3] - Merchant acquiring, net revenues reached $45.44 million, surpassing the average estimate of $43.53 million, representing a 12% increase year over year [3] - Business solutions revenues were $61.10 million, exceeding the estimated $57.73 million, with an 8.1% year-over-year growth [3] - Corporate and Other segment reported -$23.53 million, in line with estimates, showing an 8.8% improvement compared to the previous year [3] Stock Performance - Over the past month, Evertec's shares have declined by 2.9%, contrasting with a 0.7% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Evertec (EVTC) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.81%. A quarter ago, it was expected that this payment processing company would post earnings of $0.69 per share when it actually produced earnings of $0.83, delivering a surprise of 20.29%.Over the last four quarters, t ...

Exhibit 99.1 EVERTEC REPORTS THIRD QUARTER 2024 RESULTS Announces acquisition of Grandata SAN JUAN, PUERTO RICO - November 6, 2024 - EVERTEC, Inc. (NYSE: EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights • Revenue increased 22% to $211.8 million • GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share • Adjusted EBITDA increased 11% to ...

Investors looking for stocks in the Financial Transaction Services sector might want to consider either Evertec (EVTC) or Equifax (EFX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that ...

Investors with an interest in Financial Transaction Services stocks have likely encountered both Evertec (EVTC) and Equifax (EFX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style ...

Investors interested in Financial Transaction Services stocks are likely familiar with Evertec (EVTC) and Equifax (EFX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER 001-35872 EVERTEC, Inc. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Puerto Rico 66-0783622 (State or other jurisdicti ...

Financial Data and Key Metrics Changes - The company reported revenue of $212 million for Q2 2024, a 27% increase year-over-year [4] - Adjusted EBITDA was $86.1 million, up approximately 16% compared to the prior year, with an adjusted EBITDA margin of 40.6%, down from the previous year [4][12] - Adjusted EPS for the quarter was $0.83, reflecting a 17% year-over-year increase [5][12] - Operating cash flow for the first half of the year was approximately $131 million, with liquidity at $452 million as of June 30 [6][19] Business Line Data and Key Metrics Changes - Merchant Acquiring revenue increased approximately 10% year-over-year to $45.3 million, driven by increased volumes and improved spreads [13] - Payments Puerto Rico revenue grew approximately 7% year-over-year, with ATH Movil Business experiencing high teens growth [14] - Latin America Payments & Solutions revenue surged 91% year-over-year to $74.7 million, primarily due to the Sinqia acquisition [15] - Business Solutions segment revenue was $62.3 million, up approximately 9% from the prior year, driven by a one-time project [16] Market Data and Key Metrics Changes - The Puerto Rico macro environment remains supportive, with total employment up 1.8% year-over-year and an unemployment rate of 5.8% [8] - In Latin America, revenue growth was significantly impacted by the Sinqia acquisition, although there was softness in the software market in Brazil [9][28] Company Strategy and Development Direction - The company is focused on integrating Sinqia and expanding its service offerings in Brazil and the rest of Latin America [10][21] - Management emphasized the importance of margin optimization and cost efficiencies across all segments [40] - The company plans to maintain its revenue guidance for 2024 at $846 million to $854 million, reflecting growth of approximately 22% to 23% [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth prospects in Puerto Rico and Latin America, despite current macroeconomic challenges [10][45] - The company is actively managing pricing strategies and expects to see benefits from these initiatives throughout the year [22][23] - There is a focus on modernizing platforms and enhancing customer relationships to drive future growth [30][34] Other Important Information - The company returned approximately $76 million to shareholders through share repurchases and dividends in the first half of 2024 [17] - The net debt position at year-end was $735 million, with a net debt to trailing 12-month adjusted EBITDA ratio of approximately 2.28x [19] Q&A Session Summary Question: Sustainability of improved spreads and transaction growth in Puerto Rico - Management indicated that pricing initiatives are expected to continue benefiting spreads through the end of the year, with growth driven by pricing, sales volume, and non-transactional fees [22][23] Question: Update on legacy LATAM business performance - The legacy LATAM business continues to grow in the low double digits, consistent with historical performance [25][26] Question: Impact of software market softness in Brazil on Sinqia - Management acknowledged a slowdown in growth rates attributed to the political situation and inflation in Brazil, but remains optimistic about future growth through customer engagement and modernization efforts [28][29][45] Question: Timeline for modernization efforts at Sinqia - Modernization is a multiyear project already in progress, with immediate benefits being observed from current investments [33][34] Question: M&A pipeline for Sinqia - The M&A pipeline remains strong, with a focus on expanding product offerings and market presence beyond Brazil [35] Question: Margin leverage and future margin expansion - Management highlighted ongoing efforts to optimize margins across segments, with expectations for continued margin improvement in legacy businesses [39][40]

For the quarter ended June 2024, Evertec (EVTC) reported revenue of $211.98 million, up 26.9% over the same period last year. EPS came in at $0.83, compared to $0.71 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $209.4 million, representing a surprise of +1.23%. The company delivered an EPS surprise of +20.29%, with the consensus EPS estimate being $0.69. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...