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Evertec, Inc. is a Puerto Rico–based company operating in the technology sector, within the electronic-payments and financial-technology industry.
The company specializes in transaction processing, merchant acquiring, payment technologies and infrastructure solutions for banks, financial institutions and businesses that require secure and scalable electronic processing.
Evertec originated in 2004 as a technology division of Popular, created to centralize electronic-transaction systems during a period of rapid expansion of digital financial services across the Caribbean and Latin America.
Evertec’s portfolio includes merchant-acquiring services, card-processing platforms, payment solutions for retail and government, ATM network services, electronic transfers, digital-banking technology, clearing systems and real-time payment infrastructure.
The company also operates the ATH network, one of the largest debit and ATM networks in the Caribbean, and provides corporate solutions for billing, treasury operations and transaction management.
The company operates regionally, with strong presence in Puerto Rico, the Caribbean, Central America and South America, serving banks, processors, government agencies, retailers and service companies.
Its operational structure includes technology centers, transaction-processing units, cybersecurity teams, software-development groups and commercial operations across the regions it serves.
Market factors affecting the company include the growth of electronic payments, digital banking expansion, fintech competition, regulatory developments in Latin American financial markets, demand for secure transaction environments and competitive pressure from global processors and acquirers.
Evertec, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker EVTC.
History and when Evertec, Inc. was founded
Evertec, Inc. was founded in 2004 in Puerto Rico as a spin-out of Popular’s technology operations, created to manage and expand regional payment platforms and electronic-transaction systems. The company emerged from the need to consolidate financial technology infrastructure and support the rapid digitalization of financial services in the region.
Throughout the 2000s, Evertec expanded its service capabilities, modernized transactional platforms and became a key regional provider of financial infrastructure. In 2010, a corporate reorganization occurred when a group associated with Apollo Global Management acquired a majority stake, initiating a new phase of expansion and international growth.
In 2013, the company completed its IPO (Initial Public Offering) on the NYSE, strengthening its investment capacity and extending operations into new Caribbean and Central American markets. During the 2010s, Evertec secured major contracts with banks and governments and expanded its electronic-payment solutions across multiple industry segments.
From 2020 to 2024, Evertec accelerated digital-transformation initiatives, increased investments in cybersecurity, expanded its Latin American footprint, acquired complementary technologies and upgraded its portfolio to support higher volumes of electronic payments and digital commerce.
The period also included infrastructure modernization and strengthening of the ATH network.
Additional Information
The Company Evertec Inc (United States), is listed on Nasdaq with a market value of $ 1.90 Billion, having an equity of $ 708.02 Millions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 903.39 Millions, which generated a profit in the amount of $ 146.09 Millions.
As for its main indicators, the Company has a P/E ratio of 13.02, a P/BV ratio of 2.69 and in the last 12 months the dividend yield of EVTC was at 0.67%.
The Company is traded internationally through the ticker EVTC.
