EVERTEC Business Summary

EVERTEC, Inc. (EVTC) is a leading full-service transaction processing and financial technology provider operating across 26 countries in Latin America and the Caribbean. The company generates revenue through a high-volume, recurring model driven by transaction-based fees in its Merchant Acquiring and Payment Services segments, as well as subscription and licensing fees within its Business Solutions and Latin America Payments divisions. Its operations are organized into four primary segments: Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, and Business Solutions. As of early 2026, the company has successfully pivoted toward a pan-regional strategy, with over 40% of its revenue now derived from outside its home market of Puerto Rico, bolstered by the integration of strategic acquisitions like Dimensa and Tecnobank. EVERTEC competes directly with global and regional players such as Global Payments, Shift4 Payments, PagSeguro Digital, and Adyen, maintaining a dominant competitive moat in the Caribbean via its proprietary ATH® network while positioning itself as a high-growth consolidator in the fragmented Latin American fintech landscape. Originally established in 1988 as the electronic processing arm of Popular, Inc. (Banco Popular de Puerto Rico), EVERTEC transitioned to an independent entity following a 2010 joint venture with Apollo Global Management and a subsequent 2013 IPO. The current leadership team is headed by President and CEO Morgan M. "Mac" Schuessler, who joined in 2015 after holding senior executive roles at Global Payments. Key leadership includes Senior EVP and COO Joaquin A. Castrillo Salgado, who previously served as CFO, and EVP and CFO Karla Cruz Jusino, an expert in financial management who assumed the role in late 2025. Other critical executives include CIO Diego Viglianco and Chief Product & Innovation Officer Miguel Vizcarrondo. The company is overseen by a board led by Chairman Frank G. D’Angelo and maintains a robust institutional investor base, with major holdings from FMR LLC (Fidelity), BlackRock, and The Vanguard Group, which collectively own over 90% of the outstanding shares.