EVERTEC (EVTC) 10-Q7 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-35872
Entity Registrant Name	EVERTEC, Inc.
Entity Incorporation, State or Country Code	PR
Entity Tax Identification Number	66-0783622
Entity Address, Address Line One	Cupey Center Building,
Entity Address, Address Line Two	Road 176, Kilometer 1.3,
Entity Address, City or Town	San Juan,
Entity Address, State or Province	PR
Entity Address, Postal Zip Code	00926
City Area Code	787
Local Phone Number	759-9999
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	EVTC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		63,614,077
Entity Central Index Key	0001559865
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 275,359	$ 295,600
Restricted cash	25,663	23,073
Accounts receivable, net	131,101	126,510
Settlement assets	37,441	51,467
Prepaid expenses and other assets	64,071	64,704
Total current assets	533,635	561,354
Debt securities available-for-sale, at fair value	1,726	2,095
Equity securities, at fair value	5,287	9,413
Investment in equity investees	28,550	21,145
Property and equipment, net	64,178	62,453
Operating lease right-of-use asset	11,329	14,796
Goodwill	750,542	791,700
Other intangible assets, net	443,444	518,070
Deferred tax asset	32,751	47,847
Derivative asset	749	4,385
Other long-term assets	22,774	27,005
Total assets	1,894,965	2,060,263
Current Liabilities:
Accrued liabilities	119,169	129,160
Accounts payable	53,702	66,516
Contract liability	23,034	21,055
Income tax payable	5,674	3,402
Current portion of long-term debt	23,867	23,867
Current portion of operating lease liability	7,478	6,693
Settlement liabilities	37,500	47,620
Total current liabilities	270,424	298,313
Long-term debt	930,851	946,816
Deferred tax liability	45,116	87,916
Contract liability - long term	56,652	41,825
Operating lease liability - long-term	5,174	9,033
Derivative liability	9,001	900
Other long-term liabilities	31,804	40,084
Total liabilities	1,349,022	1,424,887
Commitments and contingencies (Note 14)
Redeemable non-controlling interests	39,771	36,968
Stockholders’ equity
Preferred stock, par value $0.01; 2,000,000 shares authorized; none issued	0	0
Common stock, par value $0.01; 206,000,000 shares authorized; 63,609,122 shares issued and outstanding as of September 30, 2024 (December 31, 2023 - 65,450,799)	636	654
Additional paid-in capital	5,079	36,527
Accumulated earnings	562,727	538,903
Accumulated other comprehensive (loss) income, net of tax	(65,823)	18,209
Total stockholders’ equity	502,619	594,293
Non-redeemable non-controlling interest	3,553	4,115
Total equity	506,172	598,408
Total liabilities and equity	$ 1,894,965	$ 2,060,263

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	2,000,000	2,000,000
Preferred stock issued (in shares)	0	0
Common stock par value (in usd per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	206,000,000	206,000,000
Common stock issued (in shares)	63,609,122	65,450,799
Common stock outstanding (in shares)	63,609,122	65,450,799

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues	$ 211,795	$ 173,198	$ 629,091	$ 500,088
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization	102,497	81,280	302,426	238,149
Selling, general and administrative expenses	34,097	30,437	107,910	83,834
Depreciation and amortization	33,660	21,919	101,051	63,680
Total operating costs and expenses	170,254	133,636	511,387	385,663
Income from operations	41,541	39,562	117,704	114,425
Non-operating income (expenses)
Interest income	3,696	1,926	10,274	5,162
Interest expense	(18,704)	(5,709)	(57,352)	(16,992)
Loss on foreign currency remeasurement	(1,112)	(2,806)	(3,164)	(7,337)
Loss on foreign currency swap	0	(29,225)	0	(29,225)
Earnings from equity method investments	1,099	1,197	3,266	3,828
Other income, net	389	153	6,484	2,754
Total non-operating expenses	(14,632)	(34,464)	(40,492)	(41,810)
Income before income taxes	26,909	5,098	77,212	72,615
Income tax expense (benefit)	1,707	(4,858)	3,100	4,546
Net income	25,202	9,956	74,112	68,069
Less: Net income (loss) attributable to non-controlling interest	524	(80)	1,554	(174)
Net income attributable to EVERTEC, Inc.’s common stockholders	24,678	10,036	72,558	68,243
Other comprehensive income (loss), net of tax of $(3,898), $329, $(3,267) and $18
Foreign currency translation adjustments	15,354	(11,332)	(75,473)	9,426
(Loss) gain on cash flow hedges	(11,937)	3,468	(8,555)	3,739
Unrealized loss on change in fair value of debt securities available-for-sale	(1)	(11)	(4)	(31)
Other comprehensive income (loss), net of tax	3,416	(7,875)	(84,032)	13,134
Total comprehensive income (loss) attributable to EVERTEC, Inc.’s common stockholders	$ 28,094	$ 2,161	$ (11,474)	$ 81,377
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	$ 0.39	$ 0.16	$ 1.12	$ 1.05
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	$ 0.38	$ 0.15	$ 1.11	$ 1.04

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Other comprehensive (loss) income, tax	$ (3,898)	$ 329	$ (3,267)	$ 18

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Income (loss)	Non-Controlling Interest (excluding Redeemable Non-Controlling Interest)
Beginning balance (in shares) at Dec. 31, 2022		64,847,233
Beginning balance at Dec. 31, 2022	$ 474,748	$ 648	$ 0	$ 487,349	$ (16,486)	$ 3,237
Changes in Stockholders’ Equity
Share-based compensation recognized	5,557		5,557
Repurchase of common stock (in shares)		(187,976)
Repurchase of common stock	(6,269)	$ (1)		(6,268)
Restricted stock units delivered (in shares)		419,205
Restricted stock units delivered	(5,874)	$ 4	(5,557)	(321)
Net income (loss)	30,063			30,052		11
Cash dividends on common stock, $0.05 per share	(3,249)			(3,249)
Other comprehensive income (loss)	16,165				16,040	125
Ending balance (in shares) at Mar. 31, 2023		65,078,462
Ending balance at Mar. 31, 2023	511,141	$ 651	0	507,563	(446)	3,373
Changes in Stockholders’ Equity
Share-based compensation recognized	6,499		6,499
Repurchase of common stock (in shares)		(268,398)
Repurchase of common stock	(9,521)	$ (3)	(6,418)	(3,100)
Restricted stock units delivered (in shares)		29,045
Restricted stock units delivered	(81)		(81)
Net income (loss)	28,050			28,155		(105)
Cash dividends on common stock, $0.05 per share	(3,254)			(3,254)
Other comprehensive income (loss)	5,308				4,969	339
Ending balance (in shares) at Jun. 30, 2023		64,839,109
Ending balance at Jun. 30, 2023	538,142	$ 648	0	529,364	4,523	3,607
Changes in Stockholders’ Equity
Share-based compensation recognized	6,756		6,756
Repurchase of common stock (in shares)		(208,564)
Repurchase of common stock	(7,808)	$ (2)	(2,031)	(5,775)
Restricted stock units delivered (in shares)		377
Restricted stock units delivered	(1)		(322)	321
Net income (loss)	9,956			10,036		(80)
Cash dividends on common stock, $0.05 per share	(3,232)			(3,232)
Other comprehensive income (loss)	(7,464)				(7,875)	411
Ending balance (in shares) at Sep. 30, 2023		64,630,922
Ending balance at Sep. 30, 2023	$ 536,349	$ 646	4,403	530,714	(3,352)	3,938
Beginning balance (in shares) at Dec. 31, 2023	65,450,799	65,450,799
Beginning balance at Dec. 31, 2023	$ 598,408	$ 654	36,527	538,903	18,209	4,115
Changes in Stockholders’ Equity
Share-based compensation recognized	7,349		7,349
Repurchase of common stock (in shares)		(1,516,793)
Repurchase of common stock	(70,000)	$ (15)	(30,943)	(39,042)
Restricted stock units delivered (in shares)		474,953
Restricted stock units delivered	(9,756)	$ 5	(9,761)
Net income (loss)	16,387			16,497		(110)
Cash dividends on common stock, $0.05 per share	(3,273)			(3,273)
Adjustment of redeemable noncontrolling interest to redemption value	(3,172)		(3,172)
Excise tax on repurchase of common stock	(550)			(550)
Other comprehensive income (loss)	(24,154)				(24,131)	(23)
Ending balance (in shares) at Mar. 31, 2024		64,408,959
Ending balance at Mar. 31, 2024	511,239	$ 644	0	512,535	(5,922)	3,982
Changes in Stockholders’ Equity
Share-based compensation recognized	7,660		7,660
Restricted stock units delivered (in shares)		37,252
Restricted stock units delivered	(69)		(69)
Net income (loss)	31,310			31,383		(73)
Cash dividends on common stock, $0.05 per share	(3,220)			(3,220)
Adjustment of redeemable noncontrolling interest to redemption value	3,186		3,186
Reversal of excise tax on repurchase of common stock	550			550
Other comprehensive income (loss)	(63,581)				(63,317)	(264)
Ending balance (in shares) at Jun. 30, 2024		64,446,211
Ending balance at Jun. 30, 2024	487,075	$ 644	10,777	541,248	(69,239)	3,645
Changes in Stockholders’ Equity
Share-based compensation recognized	7,378		7,378
Repurchase of common stock (in shares)		(841,453)
Repurchase of common stock	(12,293)	$ (8)	(12,285)
Restricted stock units delivered (in shares)		4,364
Restricted stock units delivered	(82)		(82)
Net income (loss)	24,594			24,678		(84)
Cash dividends on common stock, $0.05 per share	(3,199)			(3,199)
Adjustment of redeemable noncontrolling interest to redemption value	(709)		(709)
Other comprehensive income (loss)	$ 3,408				3,416	(8)
Ending balance (in shares) at Sep. 30, 2024	63,609,122	63,609,122
Ending balance at Sep. 30, 2024	$ 506,172	$ 636	$ 5,079	$ 562,727	$ (65,823)	$ 3,553

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends on common stock (in usd per share)	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income (loss)	$ 74,112,000	$ 68,069,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	101,051,000	63,680,000
Amortization of debt issue costs and accretion of discount	3,576,000	1,795,000
Operating lease amortization	5,340,000	4,619,000
Unrealized loss on foreign currency hedge	0	29,225,000
Deferred tax benefit	(20,275,000)	(16,491,000)
Share-based compensation	22,387,000	18,812,000
Gain on sale of equity securities	(2,599,000)	0
Earnings of equity method investment	(3,266,000)	(3,828,000)
Dividend received from equity method investment	3,364,000	3,497,000
Loss on foreign currency remeasurement	3,164,000	7,337,000
Other, net	(287,000)	380,000
(Increase) decrease in assets:
Accounts receivable, net	(838,000)	(4,590,000)
Prepaid expenses and other assets	(1,791,000)	(11,181,000)
Other long-term assets	3,247,000	(1,013,000)
(Decrease) increase in liabilities:
Accrued liabilities and accounts payable	(12,046,000)	12,224,000
Income tax payable	2,359,000	(9,108,000)
Contract liability	12,038,000	(1,146,000)
Operating lease liabilities	(5,341,000)	(3,739,000)
Other long-term liabilities	702,000	(247,000)
Total adjustments	110,785,000	90,226,000
Net cash provided by operating activities	184,897,000	158,295,000
Cash flows from investing activities
Additions to software	(48,778,000)	(34,193,000)
Property and equipment acquired	(21,050,000)	(16,406,000)
Acquisition of available-for-sale debt securities	0	(962,000)
Investment in equity investee	(2,000,000)	(5,500,000)
Proceeds from maturities of available-for-sale debt securities	370,000	1,048,000
Purchase of equity securities	(132,000)	(26,505,000)
Proceeds from sale of equity securities	6,128,000	0
Acquisitions, net of cash acquired	0	(22,915,000)
Net cash used in investing activities	(65,462,000)	(105,433,000)
Cash flows from financing activities
Withholding taxes paid on share-based compensation	(9,907,000)	(5,956,000)
Net decrease in short-term borrowings	0	(14,000,000)
Dividends paid	(9,692,000)	(9,735,000)
Repurchase of common stock	(82,293,000)	(23,598,000)
Repayment of long-term debt	(17,900,000)	(15,563,000)
Repayment of other financing agreements	(7,046,000)	0
Settlement activities, net	209,000	5,163,000
Other financing activities, net	(3,652,000)	0
Net cash used in financing activities	(130,281,000)	(63,689,000)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash	(6,596,000)	10,716,000
Net decrease in cash, cash equivalents and restricted cash	(17,442,000)	(111,000)
Cash, cash equivalents, restricted cash, and cash included in settlement assets at beginning of the period	343,724,000	215,657,000
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period	$ 326,282,000	$ 215,546,000

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
The Company and Basis of Presentation	Sep. 30, 2024
Accounting Policies [Abstract]
The Company and Basis of Presentation	The Company and Basis of Presentation The Company EVERTEC, Inc. and its subsidiaries (collectively the “Company” or “EVERTEC”) is a leading full-service transaction-processing business and financial technology provider in Latin America, Puerto Rico and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment services and business process management services. The Company operates across 26 countries in the region. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core banking, cash processing and fulfillment in Puerto Rico and technology outsourcing in all the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations, and government agencies with solutions that are essential to their operations. Basis of Presentation The unaudited condensed consolidated financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The preparation of the accompanying unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements. Actual results could differ from these estimates. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted from these statements pursuant to the rules and regulations of the Securities and Exchange Commission and, accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the Audited Consolidated Financial Statements of the Company for the year ended December 31, 2023, included in the Company’s 2023 Annual Report on Form 10-K. In the opinion of management, the accompanying unaudited condensed consolidated financial statements, prepared in accordance with GAAP, contain all adjustments necessary for a fair presentation. Intercompany accounts and transactions are eliminated in consolidation. Certain amounts from prior periods have been reclassified to conform to the current period presentation. Change in presentation During the second quarter of 2024, the Company elected to change the manner in which it presents cash flows associated with settlement activities from operating activities to financing activities within the condensed consolidated statements of cash flows. In connection with this change, the Company reclassified comparative amounts for the nine-month period ended September 30, 2023. Settlement cash and cash equivalents represents cash received from agents, payment networks, bank partners, merchants or direct consumers. In certain cases, the amounts may be invested into short-term, highly liquid investments from the time the funds are collected until payments are made to the applicable recipients. This change does not have an impact on the condensed consolidated balance sheet, the condensed consolidated statement of income and comprehensive income (loss) or on the condensed consolidated statement of changes in stockholders’ equity. The following table presents the effects of the change in presentation within the condensed consolidated statements of cash flows: For the nine months ended September 30, 2023 (In Thousands) As Previously Reported Adjustment As Adjusted Cash flows from operating activities: Accrued liabilities and accounts payable 17,387 (5,163) 12,224 Net cash provided by operating activities 163,458 (5,163) 158,295 Cash flows from financing activities: Settlement activities, net — 5,163 5,163 Net cash used in financing activities (68,852) 5,163 (63,689)

Business Acquisition

Business Acquisition	9 Months Ended
Business Acquisition	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Acquisition	Business Acquisition Acquisition of a Business On November 1, 2023, the Company completed the acquisition of 100% of the outstanding shares of Sinqia S.A. (“Sinqia”), a publicly held company incorporated and existing in accordance with the laws of the Federative Republic of Brazil. The Company completed the acquisition through its wholly-owned subsidiary, Evertec Brasil Informática S.A (“Evertec BR”). In accordance with ASC 805-10-25-15, Evertec is allowed a period, not to exceed 12 months from the acquisition date, to adjust the provisional amounts recognized for a business combination. During 2024, the Company adjusted the operating lease right-of-use asset, goodwill, long-term deferred tax asset, operating lease liability, deferred tax liability and other intangible assets as a result of additional information that became available during the period. The purchase price allocation based on the applicable exchange rate at the date of acquisition is as follows: Assets/Liabilities (at fair value) ( In thousands) Cash and cash equivalents $ 37,147 Restricted cash 2,166 Accounts receivable, net 9,989 Prepaid expenses and other assets 5,975 Property and equipment, net 3,618 Operating lease right-of-use asset 3,191 Preliminary Goodwill 341,801 Equity securities, at fair value 9,035 Long-term deferred tax asset 28,758 Other intangible assets, net 289,540 Other long-term assets 5,455 Total assets acquired $ 736,675 Accounts payable 13,241 Accrued liabilities 40,775 Operating lease liability 4,114 Current portion of long-term debt 11,400 Long-term debt 57,492 Contract liability 7,356 Deferred tax liability 76,150 Other long-term liabilities 15,134 Total liabilities assumed $ 225,662 Redeemable noncontrolling interests 39,340 Additional paid-in capital 471,673 Total liabilities and equity $ 736,675 The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets: Amount Weighted-average life (Dollar amounts in thousands) Customer relationships $ 155,876 18 Trademark 47,688 10 Software packages 85,976 10 Total $ 289,540 14 Refer to Note 4- Goodwill and Other Intangible Assets for detail of goodwill allocated by reportable segments.

Property and Equipment, net

Property and Equipment, net	9 Months Ended
Property and Equipment, net	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following: (Dollar amounts in thousands) Useful life September 30, 2024 December 31, 2023 Buildings 30 $ 2,135 $ 2,193 Data processing equipment 3 - 5 188,239 187,761 Furniture and equipment 3 - 20 10,410 10,281 Leasehold improvements 5 -10 5,301 4,876 206,085 205,111 Less - accumulated depreciation and amortization (143,373) (144,117) Depreciable assets, net 62,712 60,994 Land 1,466 1,459 Property and equipment, net $ 64,178 $ 62,453 Depreciation and amortization expense related to property and equipment for the three and nine months ended September 30, 2024 amounted to $5.8 million and $16.9 million, respectively, compared to $5.4 million and $15.9 million for the corresponding periods in 2023.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
Goodwill and Other Intangible Assets	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill, allocated by operating segments, were as follows (see Note 15): (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Balance at December 31, 2023 $ 160,972 $ 452,597 $ 138,121 $ 40,010 $ 791,700 Adjustment to goodwill from prior year acquisition — (1,352) — — (1,352) Foreign currency translation adjustments — (39,806) — — (39,806) Balance at September 30, 2024 $ 160,972 $ 411,439 $ 138,121 $ 40,010 $ 750,542 Goodwill is tested for impairment on an annual basis as of August 31, or more often if events or changes in circumstances indicate there may be impairment. The Company may test for goodwill impairment using a qualitative or a quantitative analysis. In a qualitative analysis, the Company assesses whether it is "more likely than not" that the fair value of a reporting unit is less than its carrying amount. In the quantitative analysis, the Company compares the estimated fair value of the reporting units to their carrying values, including goodwill. The Company performed a quantitative assessment as of August 31, 2024 for the Latin America Payments and Solutions reporting unit and performed a qualitative assessment for the Payments Services - Puerto Rico & Caribbean, Merchant Acquiring, net and Business Solutions reporting units. For the 2023 annual impairment test the quantitative assessment was followed for all the Company reporting units. Based on the analysis performed as of August 31, 2024 and August 31, 2023, the fair value of the reporting units exceed the carrying amounts of the reporting units. No impairment losses were recognized based on the assessment performed for the periods ended September 30, 2024 or 2023. The carrying amount of other intangible assets at September 30, 2024 and December 31, 2023 was as follows: September 30, 2024 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 20 $ 555,918 $ (388,673) $ 167,245 Trademarks 10 - 15 88,904 (48,487) $ 40,417 Software packages 3 - 10 536,261 (303,494) $ 232,767 Non-compete agreement 5 3,614 (599) $ 3,015 Other intangible assets, net $ 1,184,697 $ (741,253) $ 443,444 December 31, 2023 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 20 $ 568,284 $ (340,952) $ 227,332 Trademarks 1 - 15 94,203 (41,319) 52,884 Software packages 3 - 10 510,898 (274,610) 236,288 Non-compete agreement 5 1,735 (169) 1,566 Other intangible assets, net $ 1,175,120 $ (657,050) $ 518,070 Amortization expense related to other intangibles for the three and nine months ended September 30, 2024 amounted to $27.9 million and $84.2 million, respectively, compared to $16.6 million and $47.8 million fo r the corresponding periods in 2023. The estimated amortization expense of the other intangible balances outstanding at September 30, 2024, for the remainder of 2024 and the years thereafter is as follows: (In thousands) Remaining 2024 $ 26,889 2025 87,352 2026 74,160 2027 61,995 2028 49,658 Thereafter 143,390

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings	9 Months Ended
Debt and Short-Term Borrowings	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt and Short-Term Borrowings	Debt and Short-Term Borrowings Debt at September 30, 2024 and December 31, 2023 was as follows: (In thousands) September 30, 2024 December 31, 2023 2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(2) ) $ 432,310 $ 449,450 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(3) ) 522,408 521,233 Deferred consideration from Business Combinations 11,422 19,467 Note payable due September 1, 2030 (1) 7,110 7,403 Total debt $ 973,250 $ 997,553 (1) Net of unaccreted discount and unamortized debt issue costs, as applicable. (2) Subject to a minimum rate ("SOFR floor") of 0.00% plus applicable margin of 2.00% at September 30, 2024 and 1.50% at December 31, 2023. (3) Subject to a SOFR floor of 0.50% plus applicable margin of 3.25% at September 30, 2024 and an applicable margin of 3.50% at December 31, 2023. Secured Credit Facilities On December 1, 2022, EVERTEC and EVERTEC Group, entered into a credit agreement with a syndicate of lenders and Truist Bank, as administrative agent and collateral agent, providing for (i) a $415.0 million term loan A facility that matures on December 1, 2027, and a $200.0 million revolving credit facility (the “Revolving Facility”) that matures on December 1, 2027. On October 30, 2023, Evertec, EVERTEC Group and other Loan Parties (as defined in the Existing Credit Agreement) party thereto, entered into a first amendment (the “Amendment”) to the credit agreement, dated as of December 1, 2022 (the “Existing Credit Agreement,” and as amended by the Amendment, the “Amended Credit Agreement”), with a syndicate of lenders and Truist, as administrative agent and collateral agent. Under the Amended Credit Agreement, a syndicate of financial institutions and other lenders provided (i) additional term loan A commitments in the amount of $60.0 million and (ii) a new tranche of term loan B commitments in the amount of $600.0 million (the “TLB Facility,” and together with the Incremental TLA Facility, the “Facilities”). The $600.0 million term loan B facility matures on October 30, 2030. Unless otherwise indicated, the terms and conditions detailed below apply to both the TLA facility and TLB facility. In the fourth quarter of 2023, the Company prepaid $60 million of the outstanding balance on TLB facility. At September 30, 2024, the unpaid principal balance of the TLA Facility and TLB Facility were $435.6 million and $540.0 million, respectively. The additional borrowing capacity for the Revolving Facility at September 30, 2024 was $194.0 million, considering letters of credit issued. The Company issues letters of credit against the Revolving Facility which reduce the additional borrowing capacity of the Revolving Facility. Deferred Consideration from Business Combinations As part of the Company’s merger and acquisition activities, the Company may enter into agreements by which a portion of the purchase price is financed directly by the seller. At September 30, 2024 and December 31, 2023, the unpaid principal balance of these agreements amounted to $11.4 million and $19.5 million, respectively. Obligations bear interest at rates ranging from 2% to 12% with maturities ranging from October 2024 through March 2027. The current portion of the deferred consideration is included in accounts payable and the long-term portion is included in other long-term liabilities on the Company's unaudited condensed consolidated balance sheet. Note Payable In September 2023, EVERTEC Group entered into a non-interest bearing financing agreement amounting to $10.1 million to purchase software and maintenance which the Company recorded on a discounted basis using an implied interest of 6.9%. As of September 30, 2024, the outstanding principal balance of the note payable on a discounted basis was $7.1 million. The current portion of the note is included in accounts payable and the long-term portion is included in other long-term liabilities on the Company's unaudited condensed consolidated balance sheet. Interest Rate Swaps As of September 30, 2024, the Company has four interest rate swap agreements which convert a portion of the interest rate payments on the Company's Term Loan Facilities from variable to fixed. The interest rate swaps are used to hedge the market risk from changes in interest rates corresponding with the Company's variable rate debt. The interest rate swaps are designated as cash flow hedges and are considered highly effective. Cash flows from the interest rate swaps are included in the accrued liabilities and accounts payable line item in the Company's unaudited condensed consolidated statements of cash flows. Changes in the fair value of the interest rate swaps are recognized in other comprehensive income (loss) until the gains or losses are reclassified to earnings. Gains or losses reclassified to earnings are presented within interest expense in the accompanying condensed consolidated statements of income and comprehensive income (loss). Swap Agreement Effective date Maturity Date Notional Amount Variable Rate Fixed Rate 2018 Swap April 2020 November 2024 $250 million 1-month SOFR 2.929% 2023 Swap November 2024 December 2027 $250 million 1-month SOFR 3.375% 2024 Swap March 2024 October 2027 $150 million 1-month SOFR 4.182% 2024 Swap March 2024 October 2027 $150 million 1-month SOFR 4.172% At September 30, 2024, the carrying amount of the derivatives included on the Company's unaudited condensed consolidated balance sheet was an asset of $0.7 million and a liability of $9.0 million. At December 31, 2023, the carrying amount of the derivatives included on the Company's unaudited condensed consolidated balance sheet was an asset of $4.4 million and a liability of $0.9 million. The fair value of these derivatives are estimated using Level 2 inputs in the fair value hierarchy on a recurring basis. Refer to Note 8 for disclosure of gains (losses) recorded on cash flow hedging activities. During the three and nine months ended September 30, 2024, the Company reclassified gains of $2.5 million and $6.6 million, respectively, from accumulated other comprehensive income (loss) into interest expense compared to gains of $1.6 million and $4.0 million, respectively, for the corresponding periods in 2023. Based on expected SOFR rates, the Company expects to reclassify gains of $1.3 million from accumulated other comprehensive (loss) income into interest expense over the next 12 months.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
Financial Instruments and Fair Value Measurements	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Recurring Fair Value Measurements The following table presents assets and liabilities measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 (In thousands) Level 2 Level 3 Measured at NAV Total Level 2 Level 3 Total Financial assets: Debt securities AFS $ 1,726 $ — $ — $ 1,726 $ 2,095 $ — $ 2,095 Equity securities — — 5,287 5,287 6,447 2,966 9,413 Interest rate swaps 749 — — 749 4,385 — 4,385 Financial liabilities: Interest rate swaps 9,001 — — 9,001 900 — 900 Debt Securities Available for Sale ("AFS") Costa Rica Government Obligations are held by a trust in the Costa Rica National Bank as a collateral requirement for settlement activities. The Company may substitute securities as needed but must maintain certain levels of collateral based on transaction volumes. No debt securities were purchased or sold during the nine-month period ended September 30, 2024. For the nine month period ended September 30, 2023, the Company purchased $1.0 million in debt securities that were classified as available-for-sale. No debt securities were sold during the same period. Debt securities amounting to $0.4 million and $1.0 million matured during the nine month period ended September 30, 2024 and 2023, respectively. A provision for credit losses was not required for either September 30, 2024 or 2023. The fair value of debt securities is estimated based on observable inputs through corroboration with market data at the measurement date, therefore classified as a Level 2 asset within the fair value hierarchy. Interest rate swaps The fair value of the Company's interest rate swaps are estimated using Level 2 inputs under the fair value hierarchy. Refer to Note 5 for additional information related to the derivative instruments. Equity Securities The fair value of the equity securities was calculated based on enterprise value to revenue multiples ranging from 0.4x to 8.3x, therefore classified as a Level 3 asset within the fair value hierarchy. During the nine-month period ended September 30, 2024, the Company sold equity securities with a carrying value of $5.5 million classified as Level 3 assets within the fair value hierarchy. In connection with this sale, the Company realized a gain of $2.5 million, recognized through other income, net. At September 30, 2024, the Company no longer holds equity securities classified as Level 3. The fair value of the equity securities was $3.0 million at December 31, 2023. At December 31, 2023, mutual funds classified as equity securities, were registered with the securities and exchange commission in Brazil and were broker traded and therefore classified as Level 2. The following table presents the changes in equity securities classified as Level 3 assets: (In thousands) Equity Securities Balance at December 31, 2023 $ 2,966 Disposition of equity securities (5,487) Change in fair value of equity securities, recognized through Other income, net 2,521 Balance at September 30, 2024 $ — There were no transfers in or out of Level 3 during the nine month period ended September 30, 2024 or September 30, 2023. Equity Securities Measured at Net Asset Value (NAV) At September 30, 2024, the Company holds mutual funds classified as equity securities on the Company's unaudited condensed consolidated balance sheet that are measured at fair value using the NAV per share, or its equivalent, as a practical expedient. Mutual funds consist of investments in venture capital strategies and start-ups with a focus on privately held technology companies. The NAV is based on the fair value of the underlying net assets owned by the mutual funds and the relative interest of each participating investor in the fair value of the underlying assets. Financial assets and liabilities not measured at fair value The following table presents the carrying value and estimated fair value for financial instruments at September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 (In thousands) Carrying Fair Carrying Fair Financial liabilities: 2027 Term A Loan Facility $ 432,310 $ 436,115 $ 449,450 $ 452,337 2030 Term B Loan Facility $ 522,408 $ 540,675 $ 521,240 $ 539,325

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	9 Months Ended
Redeemable Noncontrolling Interests	Sep. 30, 2024
Redeemable Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests At September 30, 2024, redeemable noncontrolling interests ("RNCI") consist of interests in consolidated subsidiaries for which the Company has entered into separate option contracts by which the Company has the right to purchase the remaining non-controlling interests through a call option and the non-controlling interest holder has the right to sell the non-controlling interest to the Company through a put option. The following table summarizes the terms of the issued options: Percentage of redeemable noncontrolling interest Earliest exercise date Formula of redemption value Homie Do Brasil Informatica 40% April 1, 2025 Variable multiple of gross sales dependent upon EBITDA margin and gross sales attained times percentage of ownership Rosk Software S.A. 49% March 15, 2025 Variable multiple of gross sales dependent upon EBITDA margin attained times percentage of ownership Compliasset Software e Solucoes Digitais LTDA. 40% March 15, 2026 Variable multiple of net sales dependent upon EBITDA margin attained plus net debt times percentage of ownership Lote45 Participacoes S.A. 48% January 1, 2027 Variable multiple of net sales dependent upon EBITDA margin attained plus net debt minus BRL$10.0 million times percentage of ownership Given certain provisions within the option contracts, the Company has classified the RNCI as mezzanine equity on the Company's unaudited condensed consolidated balance sheets. RNCI are adjusted quarterly, if necessary, to their estimated redemption value. Adjustments to the redemption value impact stockholders' equity. The following table presents changes in RNCI: (In thousands) Redeemable noncontrolling interests Balance at December 31, 2023 $ 36,968 Net income attributable non-controlling interests 1,830 Adjustment of redeemable non-controlling interests to redemption value 695 Distributions from redeemable non-controlling interests (294) Foreign currency translation adjustments 572 Balance at September 30, 2024 $ 39,771

Equity

Equity	9 Months Ended
Equity	Sep. 30, 2024
Equity [Abstract]
Equity	Equity Accumulated Other Comprehensive Income (Loss) The following table provides a summary of the changes in the balances of accumulated other comprehensive income (loss) for the nine months ended September 30, 2024: (In thousands) Foreign Currency Cash Flow Hedges Unrealized Gains (Losses) on Debt Securities AFS Total Balance - December 31, 2023, net of tax $ 14,847 $ 3,336 $ 26 $ 18,209 Other comprehensive loss before reclassifications (75,473) (1,939) (4) (77,416) Effective portion reclassified to net income — (6,616) — (6,616) Balance - September 30, 2024, net of tax $ (60,626) $ (5,219) $ 22 $ (65,823) Share Repurchase On March 6, 2024, the Company entered into an accelerated share repurchase agreement (the “ASR”) with Bank of America, N.A. to repurchase an aggregate of $70 million of the Company’s common stock, par value $0.01 per share. In connection with the launch of the ASR, on March 8, 2024, the Company paid Bank of America, N.A., an aggregate of $70 million and received approximately 1.5 million shares of the Company’s common stock. On July 9, 2024, the Company completed the ASR transaction. In connection with the settlement of the ASR, the Company received 467,362 shares, in addition to the 1,516,793 shares received in March. No cash was exchanged as part of the settlement of the ASR. All of the shares received as part of the ASR were retired.

Share-based Compensation

Share-based Compensation	9 Months Ended
Share-based Compensation	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation Long-term Incentive Plan ("LTIP") During the three months ended March 31, 2022, 2023 and 2024, the Compensation Committee (the "Compensation Committee") of the Company's Board of Directors ("Board") approved grants of restricted stock units (“RSUs”) to executives and certain employees pursuant to the 2022 LTIP, 2023 LTIP and 2024 LTIP, respectively, all under the terms of the Company's 2022 Equity Incentive Plan. Under the LTIPs, the Company granted RSUs to eligible participants as time-based awards and/or performance-based awards. The vesting of the RSUs is dependent upon service and/or performance conditions as defined in the award agreements. Employees that received time-based awards with service conditions are entitled to receive a specific number of shares of the Company’s common stock on the vesting date if the employee provides services to the Company through the vesting date. Time-based awards generally vest over a period of three years in substantially equal installments commencing on the grant date and ending on February 25 of each year for the 2022 LTIP, February 24 of each year for the 2023 LTIP and February 28 of each year for the 2024 LTIP. In 2022 and 2023, the Company also granted time-based awards with a three year service vesting period which will cliff vest on February 25, 2025 and February 24, 2026, respectively. For the performance-based awards under the 2022 LTIP, 2023 LTIP, and 2024 LTIP, the Compensation Committee established adjusted earnings before interest, income taxes, depreciation and amortization ("Adjusted EBITDA") as the primary performance measure while maintaining focus on total shareholder return through the use of a market-based total shareholder return ("TSR") performance modifier. The Adjusted EBITDA measure is based on annual Adjusted EBITDA targets and can result in a payout between 0% and 200%, depending on the performance level. The TSR modifier adjusts the shares earned based on the Adjusted EBITDA performance upwards or downwards (+/- 25%) based on the Company’s relative TSR at the end of the three-year performance period as compared to the companies in the Russell 2000 Index. The Adjusted EBITDA performance measure will be calculated for the one-year period commencing on January 1 of the year of the grant and ending on December 31 of the same year, relative to the goals set by the Compensation Committee for this same period. The shares earned will be subject to an additional two-year service vesting period and will vest on February 25, 2025 for the 2022 LTIP, February 24, 2026 for the 2023 LTIP and February 28, 2027 for the 2024 LTIP. Unless otherwise specified in the award agreement, or in an employment agreement, awards are forfeited if the employee voluntarily ceases to be employed by the Company prior to vesting. The following table summarizes nonvested RSUs activity for the nine months ended September 30, 2024: Nonvested RSUs Shares Weighted-average Nonvested at December 31, 2023 1,799,012 $ 39.42 Granted 1,153,892 36.79 Vested (785,000) 39.31 Forfeited (142,084) 36.32 Nonvested at September 30, 2024 2,025,820 $ 38.66 For the three and nine months ended September 30, 2024, the Company recognized $7.4 million and $22.4 million of share-based compensation expense, compared with $6.7 million and $18.8 million for the corresponding periods in 2023.

Revenues

Revenues	9 Months Ended
Revenues	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Disaggregation of Revenue The Company disaggregates revenue from contracts with customers into primary geographical markets, nature of the products and services, and timing of transfer of goods and services. The Company's operating segments are determined by the nature of the products and services the Company provides and the primary geographical markets in which the Company operates. Revenue disaggregated by segment is discussed in Note 15, Segment Information. In the following tables, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue recognition for the periods indicated. Three months ended September 30, 2024 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 42 $ 1,258 $ — $ 766 $ 2,066 Products and services transferred over time 34,645 69,310 45,437 60,337 $ 209,729 $ 34,687 $ 70,568 $ 45,437 $ 61,103 $ 211,795 Three months ended September 30, 2023 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 107 $ 581 $ — $ 2,396 $ 3,084 Products and services transferred over time 34,302 41,128 40,557 54,127 170,114 $ 34,409 $ 41,709 $ 40,557 $ 56,523 $ 173,198 Nine months ended September 30, 2024 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 152 $ 2,811 $ — $ 4,894 $ 7,857 Products and services transferred over time 103,292 207,414 133,855 176,673 $ 621,234 $ 103,444 $ 210,225 $ 133,855 $ 181,567 $ 629,091 Nine months ended September 30, 2023 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 345 $ 1,834 $ — $ 6,053 $ 8,232 Products and services transferred over time 100,651 105,917 122,152 163,136 491,856 $ 100,996 $ 107,751 $ 122,152 $ 169,189 $ 500,088 Revenue concentration with a single customer, Popular, as a percentage of total revenues for the quarters ended September 30, 2024 and 2023 was approximately 32% and 34%, respectively. For the nine months ended September 30, 2024 and 2023 this percentage was approximately 31% and 36%, respectively. Accounts receivable from Popular at September 30, 2024 and December 31, 2023 amounted to $42.1 million and $40.5 million, respectively. Contract Balances The following table provides information about contract assets from contracts with customers for the nine months ended September 30, 2024 and the year ended December 31, 2023. (In thousands) September 30, 2024 December 31, 2023 Balance at beginning of period $ 13,917 $ 4,749 Services transferred to customers 15,878 28,165 Transfers to accounts receivable (18,469) (18,997) Balance at end of period $ 11,326 $ 13,917 The current portion of contract assets is recorded as part of prepaid expenses and other assets, and the long-term portion is included in other long-term assets in the unaudited condensed consolidated balance sheets. Accounts receivable, net at September 30, 2024 amounted to $131.1 million. Contract liability and contract liability - long term at September 30, 2024 amounted to $23.0 million and $56.7 million, respectively, and may arise when consideration is received or due in advance from customers prior to performance. The contract liability is mainly comprised of upfront fees for implementation or set up activities, including fees charged in pre-production periods in connection with hosting services. During the three and nine months ended September 30, 2024, the Company recognized revenue of $6.2 million and $21.3 million, respectively, that was included in the contract liability at December 31, 2023. During the three and nine months ended September 30, 2023, the Company recognized revenue of $4.2 million and $12.9 million, respectively, that was included in the contract liability at December 31, 2022. Transaction price allocated to the remaining performance obligations

Current Expected Credit Losses

Current Expected Credit Losses	9 Months Ended
Current Expected Credit Losses	Sep. 30, 2024
Receivables [Abstract]
Current Expected Credit Losses	Current Expected Credit Losses Allowance for Current Expected Credit Losses Trade receivables from contracts with customers are financial assets analyzed by the Company under the expected credit loss model. To measure expected credit losses, trade receivables are grouped based on shared risk characteristics (i.e., the relevant industry sector and customer's geographical location) and days past due (i.e., delinquency status), while considering the following: • Customers in the same geographical location share similar risk characteristics associated with the macroeconomic environment of their country. • The Company has two main industry sectors: private and governmental. The private pool is comprised mainly of leading financial institutions, merchants and corporations, while the governmental pool is comprised of government agencies. The governmental customers possess different risk characteristics than private customers because although all invoices are due 30 days after issuance, governmental customers usually pay within 60 to 90 days after issuance (i.e., approximately 30 to 60 more days than private customers). • The expected credit loss rate is likely to increase as receivables move to older aging buckets. The Company used the following aging categories to estimate the risk of delinquency status: (i) 0 days past due; (ii) 1-30 days past due; (iii) 31-60 days past due; (iv) 61-90 days past due; and (v) over 90 days past due. The credit losses of the Company’s trade receivables have been low historically and most balances are collected within one year. Therefore, the Company determined that the expected loss rates should be calculated using the historical loss rates adjusted by macroeconomic factors. The historical rates are calculated for each of the aging categories used for pooling trade receivables. To determine the collected portion of each bucket, the collection time of each trade receivable is identified, to estimate the proportion of outstanding balances per aging bucket that ultimately will not be collected. This is used to determine the expectation of losses based on the history of uncollected trade receivables once the specific past due period is surpassed. The historical rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of customers to settle the receivables by applying a country risk premium as the forward-looking macroeconomic factor. Specific reserves are established for certain customers for which collection is doubtful. Rollforward of the Allowance for Expected Current Credit Losses The following table provides information about the allowance for expected current credit losses on trade receivables for the nine months ended September 30, 2024 and the year ended December 31, 2023 (In thousands) September 30, 2024 December 31, 2023 Balance at beginning of period $ 4,010 $ 2,159 Current period provision for expected credit losses 638 2,218 Write-offs (1,816) (384) Recoveries of amounts previously written-off 1 17 Balance at end of period $ 2,833 $ 4,010 The Company does not have a delinquency threshold for writing-off trade receivables. The Company has a formal process for the review and approval of write-offs. Impairment losses on trade receivables are presented as net impairment losses within cost of revenue, exclusive of depreciation and amortization in the unaudited condensed consolidated statements of income and comprehensive income (loss). Subsequent recoveries of amounts previously written-off, when applicable, are credited against the allowance for expected current credit losses within accounts receivable, net on the unaudited condensed consolidated balance sheets.

Income Tax

Income Tax	9 Months Ended
Income Tax	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The components of income tax expense for the three and nine months ended September 30, 2024 and 2023, respectively, consisted of the following: Three months ended September 30, Nine months ended September 30, (In thousands) 2024 2023 2024 2023 Current tax provision $ 8,658 $ 8,166 $ 23,375 $ 21,037 Deferred tax benefit (6,951) (13,024) (20,275) (16,491) Income tax expense (benefit) $ 1,707 $ (4,858) $ 3,100 $ 4,546 The Company conducts operations in Puerto Rico, the United States, and certain countries in Latin America. As a result, the income tax expense includes the effect of taxes paid to the government of Puerto Rico as well as foreign jurisdictions. The following table presents the components of income tax expense for the three and nine months ended September 30, 2024 and 2023, and its segregation based on location of operations: Three months ended September 30, Nine months ended September 30, (In thousands) 2024 2023 2024 2023 Current tax provision Puerto Rico $ 1,575 $ 1,851 $ 3,905 $ 5,626 United States 99 80 228 138 Foreign countries 6,984 6,235 19,242 15,273 Total current tax provision $ 8,658 $ 8,166 $ 23,375 $ 21,037 Deferred tax benefit Puerto Rico $ (3,659) $ (11,169) $ (10,984) $ (11,593) United States (2) 34 — 38 Foreign countries (3,290) (1,889) (9,291) (4,936) Total deferred tax benefit $ (6,951) $ (13,024) $ (20,275) $ (16,491) Taxes payable to foreign countries by EVERTEC’s subsidiaries is paid by such subsidiary and the corresponding liability and expense will be presented in EVERTEC’s consolidated financial statements. As of September 30, 2024, the Company had $155.8 million of unremitted earnings from foreign subsidiaries, compared to $137.0 million as of December 31, 2023. The Company has not recognized a deferred tax liability on undistributed earnings for the Company’s foreign subsidiaries because these earnings are intended to be indefinitely reinvested. As of September 30, 2024, the gross deferred tax asset amounted to $77.6 million and the gross deferred tax liability amounted to $84.5 million, compared to $65.4 million and $100.9 million , respectively, as of December 31, 2023. As of September 30, 2024, and December 31, 2023, there is a valuation allowance against the gross deferred tax asset of approximately $5.6 million and $4.6 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax position created from acquisitions in foreign jurisdictions will decrease by approximately $2.7 million in the next 12 months as a result of the expiration of the statute of limitations. Income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate to the income before income taxes as a result of the following: Nine months ended September 30, (In thousands) 2024 2023 Computed income tax at statutory rates $ 28,954 $ 27,231 Differences in tax rates due to multiple jurisdictions 3,832 3,034 Effect of income subject to tax-exemption grant (28,926) (24,697) Unrecognized tax expense (1,098) 103 Excess tax benefits on share-based compensation (494) 11 Tax credits for research and development activities — (884) Other, net 832 (252) Income tax expense $ 3,100 $ 4,546

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
Net Income Per Common Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income Per Common Share The reconciliation of the numerator and the denominator of net income per common share is as follows: Three Months Ended September 30, Nine months ended September 30, (In thousands, except per share information) 2024 2023 2024 2023 Net income available to EVERTEC, Inc.’s common shareholders $ 24,678 $ 10,036 $ 72,558 $ 68,243 Weighted average common shares outstanding 63,944,132 64,648,542 64,512,868 64,886,551 Weighted average potential dilutive common shares (1) 774,997 1,130,717 804,080 819,045 Weighted average common shares outstanding - assuming dilution 64,719,129 65,779,259 65,316,948 65,705,596 Net income per common share - basic $ 0.39 $ 0.16 $ 1.12 $ 1.05 Net income per common share - diluted $ 0.38 $ 0.15 $ 1.11 $ 1.04 (1) Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method. On February 15, 2024, April 18, 2024 and July 18, 2024, respectively the Company's Board declared quarterly cash dividends of $0.05 per share of common stock, which was paid on March 15, 2024, June 7, 2024 and September 6, 2024, respectively to stockholders' of record on February 27, 2024,

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies EVERTEC is a defendant in a number of legal proceedings arising in the ordinary course of business. Based on the opinion of legal counsel and other factors, management believes that the final disposition of these matters will not have a material adverse effect on the business, results of operations, financial condition, or cash flows of the Company. The Company has identified certain claims in which a loss may be incurred, but in the aggregate the loss would be inconsequential. For other claims, where the proceedings are in an initial phase, the Company is unable to estimate the range of possible loss, if any, but at this time, management believes that any loss related to such claims will not be material.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates in four business segments: Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. The Payment Services - Puerto Rico & Caribbean segment revenues are composed of revenues related to providing access to the ATH debit network and other card networks to financial institutions, including related services such as authorization, processing, management and recording of ATM and point of sale ("POS") transactions, and ATM management and monitoring. The segment revenues also include revenues from card processing services (such as credit and debit card processing, authorization and settlement and fraud monitoring and control to debit or credit issuers), payment processing services (such as payment and billing products for merchants, businesses and financial institutions), ATH Movil (person-to-person) and ATH Business (person-to-merchant) digital transactions and EBT (which principally consist of services to the government of Puerto Rico for the delivery of benefits to participants). For ATH debit network and processing services, revenues are primarily driven by the number of transactions processed. Revenues are derived primarily from network fees, transaction switching and processing fees, and the leasing of POS devices. For card issuer processing, revenues are primarily dependent upon the number of cardholder accounts on file, transactions and authorizations processed, the number of cards embossed and other processing services. For EBT services, revenues are primarily derived from the number of beneficiaries on file. The Latin America Payments and Solutions segment revenues consist of revenues related to providing access to the ATH network of ATMs and other card networks to financial institutions, including related services such as authorization, processing, management and recording of ATM and POS transactions, and ATM management and monitoring. The segment revenues also include revenues from card processing services (such as credit and debit card processing, authorization and settlement and fraud monitoring and control to debit or credit issuers), payment processing services (such as payment and billing products for merchants, businesses and financial institutions), as well as licensed software solutions for risk and fraud management and card payment processing. For network and processing services, revenues are primarily driven by the number of transactions processed. Revenues are derived primarily from transaction switching, processing fees, and the leasing of POS devices. For card issuer processing, revenues are primarily dependent upon the number of cardholder accounts on file, transactions and authorizations processed, the number of cards embossed, and other processing services. Solutions reve nues consist of (a) licensing, support and maintenance (“subscription”), implementation and customization of software used to provide financial products in areas such as core banking, credit, investments, payments, foreign exchange, mutual funds, pension funds and consortium, in addition to software used to execute processes such as digital onboarding, digital signature and digital collection; and (b) outsourcing of mission critical IT services. Revenues are based on monthly fixed fees and, in several cases, variable fees based on usage. The Merchant Acquiring segment consists of revenues from services that allow merchants to accept electronic methods of payment. In the Merchant Acquiring segment, revenues include a discount fee and membership fees charged to merchants, debit network fees and rental fees from POS devices and other equipment, net of credit card interchange and assessment fees charged by credit cards associations (such as VISA or MasterCard) or payment networks. The discount fee is generally a percentage of the transaction value. EVERTEC also charges merchants for other services that are unrelated to the number of transactions or the transaction value. The Business Solutions segment consists of revenues from a full suite of business process management solutions in various product areas such as core bank processing, network hosting and management, IT professional services, business process outsourcing, item processing, cash processing, and fulfillment. Core bank processing and network services revenues are derived in part from a recurrent fixed fee and from fees based on the number of accounts on file (i.e., savings or checking accounts, loans, etc.), server capacity usage or computer resources utilized. Revenues from other processing services within the Business Solutions segment are generally volume-based and depend on factors such as the number of accounts processed. In addition, EVERTEC is a reseller of hardware and software products and these resale transactions are generally non-recurring. In addition to the four operating segments described above, management identified certain functional cost areas that operate independently and do not constitute businesses in themselves. These areas could neither be concluded as operating segments nor could they be combined with any other operating segments. Therefore, these areas are aggregated and presented within the “Corporate and Other” category in the financial statements alongside the operating segments. The Corporate and Other category consists of corporate overhead expenses, intersegment eliminations, certain leveraged activities and other non-operating and miscellaneous expenses that are not included in the operating segments. The overhead and leveraged costs relate to activities such as: • marketing, • corporate finance and accounting, • human resources, • legal, • risk management functions, • internal audit, • corporate debt related costs, • non-operating depreciation and amortization expenses generated as a result of merger and acquisition activity, • intersegment revenues and expenses, and • other non-recurring fees and expenses that are not considered when management evaluates financial performance at a segment level The Chief Operating Decision Maker ("CODM") reviews the operating segments separate financial information to assess performance and to allocate resources. Management evaluates the operating results of each of its operating segments based upon revenues and Adjusted EBITDA. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-cash unrealized items and unusual expenses such as: share-based compensation, restructuring related expenses, fees and expenses from corporate transactions such as M&A activity and financing, equity investment income net of dividends received, and the impact from unrealized gains and losses on foreign currency remeasurement for assets and liabilities in non-functional currency. Adjusted EBITDA, as it relates to operating segments, is presented in conformity with ASC Topic 280, Segment Reporting , given that it is reported to the CODM for purposes of allocating resources. Segment asset disclosure is not used by the CODM as a measure of segment performance since the segment evaluation is driven by revenues and Adjusted EBITDA. As such, segment assets are not disclosed in the notes to the unaudited condensed consolidated financial statements. The following tables set forth information about the Company’s operations by its four business segments for the periods indicated: Three Months Ended September 30, 2024 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 52,755 $ 76,029 $ 45,437 $ 61,103 $ (23,529) $ 211,795 Operating costs and expenses 33,144 70,857 29,231 42,347 (5,325) 170,254 Depreciation and amortization 7,599 14,152 1,217 5,614 5,078 33,660 Non-operating income (expenses) 149 (482) — 166 543 376 EBITDA 27,359 18,842 17,423 24,536 (12,583) 75,577 Compensation and benefits (2) 758 1,349 775 928 3,785 7,595 Transaction, refinancing and other (3) 296 (627) 29 40 3,367 3,105 Loss (gain) on foreign currency remeasurement (4) (61) 1,176 — — (3) 1,112 Adjusted EBITDA $ 28,352 $ 20,740 $ 18,227 $ 25,504 $ (5,434) $ 87,389 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $14.4 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $5.5 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.7 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies. Three Months Ended September 30, 2023 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 51,600 $ 46,155 $ 40,557 $ 56,522 $ (21,636) $ 173,198 Operating costs and expenses 28,402 38,608 26,997 40,643 (1,014) 133,636 Depreciation and amortization 6,203 4,898 1,078 4,478 5,262 21,919 Non-operating income (expenses) 110 (2,148) — 69 (28,712) (30,681) EBITDA 29,511 10,297 14,638 20,426 (44,072) 30,800 Compensation and benefits (2) 663 859 662 696 4,090 6,970 Transaction, refinancing and other (3) 269 3,451 — — 34,363 38,083 (Gain) loss on foreign currency remeasurement (4) (87) 2,885 — — 8 2,806 Adjusted EBITDA $ 30,356 $ 17,492 $ 15,300 $ 21,122 $ (5,611) $ 78,659 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $13.5 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $4.4 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.7 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, the foreign currency swap loss and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies. Nine months ended September 30, 2024 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 159,985 $ 224,914 $ 133,855 $ 181,567 $ (71,230) $ 629,091 Operating costs and expenses 95,829 221,241 87,531 120,461 (13,675) 511,387 Depreciation and amortization 22,357 45,460 3,859 13,802 15,573 101,051 Non-operating income 431 3,627 — 456 2,072 6,586 EBITDA 86,944 52,760 50,183 75,364 (39,910) 225,341 Compensation and benefits (2) 2,227 4,501 2,269 2,619 11,570 23,186 Transaction, refinancing and other fees (3) 1,019 (6,015) 243 329 4,351 (73) (Gain) loss on foreign currency remeasurement (4) (128) 3,291 — — 1 3,164 Adjusted EBITDA $ 90,062 $ 54,537 $ 52,695 $ 78,312 $ (23,988) $ 251,618 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $43.2 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $14.7 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $13.4 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, the elimination of realized gains from equity securities and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies. Nine months ended September 30, 2023 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 150,824 $ 120,548 $ 122,152 $ 169,188 $ (62,624) $ 500,088 Operating costs and expenses 85,019 101,586 81,302 118,653 (897) 385,663 Depreciation and amortization 18,178 13,002 3,357 13,436 15,707 63,680 Non-operating income (expenses) 590 (3,643) 308 667 (27,902) (29,980) EBITDA 84,573 28,321 44,515 64,638 (73,922) 148,125 Compensation and benefits (2) 2,033 2,510 2,054 2,226 12,693 21,516 Transaction, refinancing and other fees (3) 850 3,704 — — 38,741 43,295 (Gain) loss on foreign currency remeasurement (4) (41) 7,372 — — 6 7,337 Adjusted EBITDA $ 87,415 $ 41,907 $ 46,569 $ 66,864 $ (22,482) $ 220,273 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $39.9 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $12.8 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $9.9 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, the foreign currency swap loss and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies The reconciliation of consolidated net income to EBITDA is as follows: Three months ended September 30, Nine months ended September 30, (In thousands) 2024 2023 2024 2023 Net Income $ 25,202 $ 9,956 $ 74,112 $ 68,069 Add: Income tax (benefit) expense 1,707 (4,858) 3,100 4,546 Interest expense, net 15,008 3,783 47,078 11,830 Depreciation and amortization 33,660 21,919 101,051 63,680 Total EBITDA $ 75,577 $ 30,800 $ 225,341 $ 148,125

Supplemental Statement of Cash

Supplemental Statement of Cash Flows Information	9 Months Ended
Supplemental Statement of Cash Flows Information	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Statement of Cash Flows Information	Supplemental Statement of Cash Flows Information Supplemental statement of cash flows information is as follows: Nine months ended September 30, (In thousands) 2024 2023 Supplemental disclosure of cash flow information: Cash paid for interest 55,024 16,737 Cash paid for income taxes 17,917 29,692 Supplemental disclosure of non-cash activities: Payable due to vendor related to equipment and software acquired 5,129 4,207 Right-of-use assets obtained in exchange for operating lease liabilities 2,925 — Non-cash investing activities Capital contribution in-kind to investment in equity investee 6,000 Trade-in of equipment 2,193 — Non-cash financing activities Payable due to vendor related to licenses acquired — 7,911 Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement was as follows: September 30, (In thousands) 2024 2023 Cash and cash equivalents 275,359 177,821 Restricted cash 25,663 $ 20,607 Cash and cash equivalents included in settlement assets 25,260 17,118 Cash, cash equivalents, restricted cash and cash included in settlement assets 326,282 215,546

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 17, 2024, the Board declared a regular quarterly cash dividend of $0.05 per share on the Company’s outstanding shares of common stock. The dividend is expected to be paid on December 6, 2024 to stockholders of record as of the close of business on October 28, 2024. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to the Board’s approval and may be adjusted as business needs or market conditions change. During October 2024 the Company received formal approval from the government of Puerto Rico for research and development tax credits claimed pertaining to taxable years 2018 and 2019. Subsequent to this approval the Company sold these credits realizing a gain of $8.9 million. On October 31, 2024, the Company signed and closed an agreement to acquire 100% of the share capital of Grandata, Inc (" Grandata"). Grandata is a data analytics company operating in Mexico that specializes in leveraging behavioral data to provide credit risk insights, with a focus on underbanked populations. This transaction enhances the Company's existing product offering.

The Company and Basis of Pres_2

The Company and Basis of Presentation (Policies)	9 Months Ended
The Company and Basis of Presentation (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
The Company	The Company EVERTEC, Inc. and its subsidiaries (collectively the “Company” or “EVERTEC”) is a leading full-service transaction-processing business and financial technology provider in Latin America, Puerto Rico and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment services and business process management services. The Company operates across 26 countries in the region. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core banking, cash processing and fulfillment in Puerto Rico and technology outsourcing in all the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations, and government agencies with solutions that are essential to their operations.
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. The preparation of the accompanying unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements. Actual results could differ from these estimates.
Change in presentation	Change in presentation During the second quarter of 2024, the Company elected to change the manner in which it presents cash flows associated with settlement activities from operating activities to financing activities within the condensed consolidated statements of cash flows. In connection with this change, the Company reclassified comparative amounts for the nine-month period ended September 30, 2023. Settlement cash and cash equivalents represents cash received from agents, payment networks, bank partners, merchants or direct consumers. In certain cases, the amounts may be invested into short-term, highly liquid investments from the time the funds are collected until payments are made to the applicable recipients. This change does not have an impact on the condensed consolidated balance sheet, the condensed consolidated statement of income and comprehensive income (loss) or on the condensed consolidated statement of changes in stockholders’ equity.

The Company and Basis of Pres_3

The Company and Basis of Presentation (Tables)	9 Months Ended
The Company and Basis of Presentation (Tables)	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of effects of the change in presentation within cash flows	The following table presents the effects of the change in presentation within the condensed consolidated statements of cash flows: For the nine months ended September 30, 2023 (In Thousands) As Previously Reported Adjustment As Adjusted Cash flows from operating activities: Accrued liabilities and accounts payable 17,387 (5,163) 12,224 Net cash provided by operating activities 163,458 (5,163) 158,295 Cash flows from financing activities: Settlement activities, net — 5,163 5,163 Net cash used in financing activities (68,852) 5,163 (63,689)

Business Acquisition (Tables)

Business Acquisition (Tables)	9 Months Ended
Business Acquisition (Tables)	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of fair value of assets acquired and liabilities assumed	The purchase price allocation based on the applicable exchange rate at the date of acquisition is as follows: Assets/Liabilities (at fair value) ( In thousands) Cash and cash equivalents $ 37,147 Restricted cash 2,166 Accounts receivable, net 9,989 Prepaid expenses and other assets 5,975 Property and equipment, net 3,618 Operating lease right-of-use asset 3,191 Preliminary Goodwill 341,801 Equity securities, at fair value 9,035 Long-term deferred tax asset 28,758 Other intangible assets, net 289,540 Other long-term assets 5,455 Total assets acquired $ 736,675 Accounts payable 13,241 Accrued liabilities 40,775 Operating lease liability 4,114 Current portion of long-term debt 11,400 Long-term debt 57,492 Contract liability 7,356 Deferred tax liability 76,150 Other long-term liabilities 15,134 Total liabilities assumed $ 225,662 Redeemable noncontrolling interests 39,340 Additional paid-in capital 471,673 Total liabilities and equity $ 736,675
Schedule of intangible assets acquired and weighted average amortization period	The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets: Amount Weighted-average life (Dollar amounts in thousands) Customer relationships $ 155,876 18 Trademark 47,688 10 Software packages 85,976 10 Total $ 289,540 14

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
Property and Equipment, net (Tables)	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Summary of property and equipment, net	Property and equipment, net consisted of the following: (Dollar amounts in thousands) Useful life September 30, 2024 December 31, 2023 Buildings 30 $ 2,135 $ 2,193 Data processing equipment 3 - 5 188,239 187,761 Furniture and equipment 3 - 20 10,410 10,281 Leasehold improvements 5 -10 5,301 4,876 206,085 205,111 Less - accumulated depreciation and amortization (143,373) (144,117) Depreciable assets, net 62,712 60,994 Land 1,466 1,459 Property and equipment, net $ 64,178 $ 62,453

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
Goodwill and Other Intangible Assets (Tables)	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of changes in carrying amount of goodwill allocated by reportable segments	The changes in the carrying amount of goodwill, allocated by operating segments, were as follows (see Note 15): (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Balance at December 31, 2023 $ 160,972 $ 452,597 $ 138,121 $ 40,010 $ 791,700 Adjustment to goodwill from prior year acquisition — (1,352) — — (1,352) Foreign currency translation adjustments — (39,806) — — (39,806) Balance at September 30, 2024 $ 160,972 $ 411,439 $ 138,121 $ 40,010 $ 750,542
Summary of carrying amount of other intangible assets	The carrying amount of other intangible assets at September 30, 2024 and December 31, 2023 was as follows: September 30, 2024 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 20 $ 555,918 $ (388,673) $ 167,245 Trademarks 10 - 15 88,904 (48,487) $ 40,417 Software packages 3 - 10 536,261 (303,494) $ 232,767 Non-compete agreement 5 3,614 (599) $ 3,015 Other intangible assets, net $ 1,184,697 $ (741,253) $ 443,444 December 31, 2023 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 20 $ 568,284 $ (340,952) $ 227,332 Trademarks 1 - 15 94,203 (41,319) 52,884 Software packages 3 - 10 510,898 (274,610) 236,288 Non-compete agreement 5 1,735 (169) 1,566 Other intangible assets, net $ 1,175,120 $ (657,050) $ 518,070
Summary of estimated amortization expenses	The estimated amortization expense of the other intangible balances outstanding at September 30, 2024, for the remainder of 2024 and the years thereafter is as follows: (In thousands) Remaining 2024 $ 26,889 2025 87,352 2026 74,160 2027 61,995 2028 49,658 Thereafter 143,390

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings (Tables)	9 Months Ended
Debt and Short-Term Borrowings (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of total debt	Debt at September 30, 2024 and December 31, 2023 was as follows: (In thousands) September 30, 2024 December 31, 2023 2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(2) ) $ 432,310 $ 449,450 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(3) ) 522,408 521,233 Deferred consideration from Business Combinations 11,422 19,467 Note payable due September 1, 2030 (1) 7,110 7,403 Total debt $ 973,250 $ 997,553 (1) Net of unaccreted discount and unamortized debt issue costs, as applicable. (2) Subject to a minimum rate ("SOFR floor") of 0.00% plus applicable margin of 2.00% at September 30, 2024 and 1.50% at December 31, 2023. (3)
Summary of interest rate swap transaction	Swap Agreement Effective date Maturity Date Notional Amount Variable Rate Fixed Rate 2018 Swap April 2020 November 2024 $250 million 1-month SOFR 2.929% 2023 Swap November 2024 December 2027 $250 million 1-month SOFR 3.375% 2024 Swap March 2024 October 2027 $150 million 1-month SOFR 4.182% 2024 Swap March 2024 October 2027 $150 million 1-month SOFR 4.172%

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
Financial Instruments and Fair Value Measurements (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair value measurements for assets and liabilities at fair value on recurring basis	The following table presents assets and liabilities measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 (In thousands) Level 2 Level 3 Measured at NAV Total Level 2 Level 3 Total Financial assets: Debt securities AFS $ 1,726 $ — $ — $ 1,726 $ 2,095 $ — $ 2,095 Equity securities — — 5,287 5,287 6,447 2,966 9,413 Interest rate swaps 749 — — 749 4,385 — 4,385 Financial liabilities: Interest rate swaps 9,001 — — 9,001 900 — 900
Summary of equity securities classified as Level 3 assets	The following table presents the changes in equity securities classified as Level 3 assets: (In thousands) Equity Securities Balance at December 31, 2023 $ 2,966 Disposition of equity securities (5,487) Change in fair value of equity securities, recognized through Other income, net 2,521 Balance at September 30, 2024 $ —
Summary of carrying value and estimated fair values for financial instruments	The following table presents the carrying value and estimated fair value for financial instruments at September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 (In thousands) Carrying Fair Carrying Fair Financial liabilities: 2027 Term A Loan Facility $ 432,310 $ 436,115 $ 449,450 $ 452,337 2030 Term B Loan Facility $ 522,408 $ 540,675 $ 521,240 $ 539,325

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interests (Tables)	9 Months Ended
Redeemable Noncontrolling Interests (Tables)	Sep. 30, 2024
Redeemable Noncontrolling Interest [Abstract]
Summary of terms and changes in redeemable noncontrolling interests	The following table summarizes the terms of the issued options: Percentage of redeemable noncontrolling interest Earliest exercise date Formula of redemption value Homie Do Brasil Informatica 40% April 1, 2025 Variable multiple of gross sales dependent upon EBITDA margin and gross sales attained times percentage of ownership Rosk Software S.A. 49% March 15, 2025 Variable multiple of gross sales dependent upon EBITDA margin attained times percentage of ownership Compliasset Software e Solucoes Digitais LTDA. 40% March 15, 2026 Variable multiple of net sales dependent upon EBITDA margin attained plus net debt times percentage of ownership Lote45 Participacoes S.A. 48% January 1, 2027 Variable multiple of net sales dependent upon EBITDA margin attained plus net debt minus BRL$10.0 million times percentage of ownership (In thousands) Redeemable noncontrolling interests Balance at December 31, 2023 $ 36,968 Net income attributable non-controlling interests 1,830 Adjustment of redeemable non-controlling interests to redemption value 695 Distributions from redeemable non-controlling interests (294) Foreign currency translation adjustments 572 Balance at September 30, 2024 $ 39,771

Equity (Tables)

Equity (Tables)	9 Months Ended
Equity (Tables)	Sep. 30, 2024
Equity [Abstract]
Summary of changes in balances of accumulated other comprehensive income (loss)	The following table provides a summary of the changes in the balances of accumulated other comprehensive income (loss) for the nine months ended September 30, 2024: (In thousands) Foreign Currency Cash Flow Hedges Unrealized Gains (Losses) on Debt Securities AFS Total Balance - December 31, 2023, net of tax $ 14,847 $ 3,336 $ 26 $ 18,209 Other comprehensive loss before reclassifications (75,473) (1,939) (4) (77,416) Effective portion reclassified to net income — (6,616) — (6,616) Balance - September 30, 2024, net of tax $ (60,626) $ (5,219) $ 22 $ (65,823)

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
Share-based Compensation (Tables)	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of nonvested RSUs activity	The following table summarizes nonvested RSUs activity for the nine months ended September 30, 2024: Nonvested RSUs Shares Weighted-average Nonvested at December 31, 2023 1,799,012 $ 39.42 Granted 1,153,892 36.79 Vested (785,000) 39.31 Forfeited (142,084) 36.32 Nonvested at September 30, 2024 2,025,820 $ 38.66

Revenues (Tables)

Revenues (Tables)	9 Months Ended
Revenues (Tables)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Summary of disaggregation of revenue	In the following tables, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue recognition for the periods indicated. Three months ended September 30, 2024 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 42 $ 1,258 $ — $ 766 $ 2,066 Products and services transferred over time 34,645 69,310 45,437 60,337 $ 209,729 $ 34,687 $ 70,568 $ 45,437 $ 61,103 $ 211,795 Three months ended September 30, 2023 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 107 $ 581 $ — $ 2,396 $ 3,084 Products and services transferred over time 34,302 41,128 40,557 54,127 170,114 $ 34,409 $ 41,709 $ 40,557 $ 56,523 $ 173,198 Nine months ended September 30, 2024 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 152 $ 2,811 $ — $ 4,894 $ 7,857 Products and services transferred over time 103,292 207,414 133,855 176,673 $ 621,234 $ 103,444 $ 210,225 $ 133,855 $ 181,567 $ 629,091 Nine months ended September 30, 2023 (In thousands) Payment Services - Puerto Rico & Caribbean Latin America Payments and Solutions Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 345 $ 1,834 $ — $ 6,053 $ 8,232 Products and services transferred over time 100,651 105,917 122,152 163,136 491,856 $ 100,996 $ 107,751 $ 122,152 $ 169,189 $ 500,088
Summary of contract balances	The following table provides information about contract assets from contracts with customers for the nine months ended September 30, 2024 and the year ended December 31, 2023. (In thousands) September 30, 2024 December 31, 2023 Balance at beginning of period $ 13,917 $ 4,749 Services transferred to customers 15,878 28,165 Transfers to accounts receivable (18,469) (18,997) Balance at end of period $ 11,326 $ 13,917

Current Expected Credit Losses

Current Expected Credit Losses (Tables)	9 Months Ended
Current Expected Credit Losses (Tables)	Sep. 30, 2024
Receivables [Abstract]
Schedule of allowance for credit losses on trade receivables	The following table provides information about the allowance for expected current credit losses on trade receivables for the nine months ended September 30, 2024 and the year ended December 31, 2023 (In thousands) September 30, 2024 December 31, 2023 Balance at beginning of period $ 4,010 $ 2,159 Current period provision for expected credit losses 638 2,218 Write-offs (1,816) (384) Recoveries of amounts previously written-off 1 17 Balance at end of period $ 2,833 $ 4,010

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
Income Tax (Tables)	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Components of income tax expense	The components of income tax expense for the three and nine months ended September 30, 2024 and 2023, respectively, consisted of the following: Three months ended September 30, Nine months ended September 30, (In thousands) 2024 2023 2024 2023 Current tax provision $ 8,658 $ 8,166 $ 23,375 $ 21,037 Deferred tax benefit (6,951) (13,024) (20,275) (16,491) Income tax expense (benefit) $ 1,707 $ (4,858) $ 3,100 $ 4,546
Segregation of income tax expense based on location of operations	The following table presents the components of income tax expense for the three and nine months ended September 30, 2024 and 2023, and its segregation based on location of operations: Three months ended September 30, Nine months ended September 30, (In thousands) 2024 2023 2024 2023 Current tax provision Puerto Rico $ 1,575 $ 1,851 $ 3,905 $ 5,626 United States 99 80 228 138 Foreign countries 6,984 6,235 19,242 15,273 Total current tax provision $ 8,658 $ 8,166 $ 23,375 $ 21,037 Deferred tax benefit Puerto Rico $ (3,659) $ (11,169) $ (10,984) $ (11,593) United States (2) 34 — 38 Foreign countries (3,290) (1,889) (9,291) (4,936) Total deferred tax benefit $ (6,951) $ (13,024) $ (20,275) $ (16,491)
Schedule of income tax expense differs from computed income tax at statutory rates	Income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate to the income before income taxes as a result of the following: Nine months ended September 30, (In thousands) 2024 2023 Computed income tax at statutory rates $ 28,954 $ 27,231 Differences in tax rates due to multiple jurisdictions 3,832 3,034 Effect of income subject to tax-exemption grant (28,926) (24,697) Unrecognized tax expense (1,098) 103 Excess tax benefits on share-based compensation (494) 11 Tax credits for research and development activities — (884) Other, net 832 (252) Income tax expense $ 3,100 $ 4,546

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
Net Income Per Common Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of reconciliation of numerator and denominator of net income per common share	The reconciliation of the numerator and the denominator of net income per common share is as follows: Three Months Ended September 30, Nine months ended September 30, (In thousands, except per share information) 2024 2023 2024 2023 Net income available to EVERTEC, Inc.’s common shareholders $ 24,678 $ 10,036 $ 72,558 $ 68,243 Weighted average common shares outstanding 63,944,132 64,648,542 64,512,868 64,886,551 Weighted average potential dilutive common shares (1) 774,997 1,130,717 804,080 819,045 Weighted average common shares outstanding - assuming dilution 64,719,129 65,779,259 65,316,948 65,705,596 Net income per common share - basic $ 0.39 $ 0.16 $ 1.12 $ 1.05 Net income per common share - diluted $ 0.38 $ 0.15 $ 1.11 $ 1.04 (1) Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Summary of information about operations by business segments	The following tables set forth information about the Company’s operations by its four business segments for the periods indicated: Three Months Ended September 30, 2024 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 52,755 $ 76,029 $ 45,437 $ 61,103 $ (23,529) $ 211,795 Operating costs and expenses 33,144 70,857 29,231 42,347 (5,325) 170,254 Depreciation and amortization 7,599 14,152 1,217 5,614 5,078 33,660 Non-operating income (expenses) 149 (482) — 166 543 376 EBITDA 27,359 18,842 17,423 24,536 (12,583) 75,577 Compensation and benefits (2) 758 1,349 775 928 3,785 7,595 Transaction, refinancing and other (3) 296 (627) 29 40 3,367 3,105 Loss (gain) on foreign currency remeasurement (4) (61) 1,176 — — (3) 1,112 Adjusted EBITDA $ 28,352 $ 20,740 $ 18,227 $ 25,504 $ (5,434) $ 87,389 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $14.4 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $5.5 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.7 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies. Three Months Ended September 30, 2023 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 51,600 $ 46,155 $ 40,557 $ 56,522 $ (21,636) $ 173,198 Operating costs and expenses 28,402 38,608 26,997 40,643 (1,014) 133,636 Depreciation and amortization 6,203 4,898 1,078 4,478 5,262 21,919 Non-operating income (expenses) 110 (2,148) — 69 (28,712) (30,681) EBITDA 29,511 10,297 14,638 20,426 (44,072) 30,800 Compensation and benefits (2) 663 859 662 696 4,090 6,970 Transaction, refinancing and other (3) 269 3,451 — — 34,363 38,083 (Gain) loss on foreign currency remeasurement (4) (87) 2,885 — — 8 2,806 Adjusted EBITDA $ 30,356 $ 17,492 $ 15,300 $ 21,122 $ (5,611) $ 78,659 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $13.5 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $4.4 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $3.7 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, the foreign currency swap loss and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies. Nine months ended September 30, 2024 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 159,985 $ 224,914 $ 133,855 $ 181,567 $ (71,230) $ 629,091 Operating costs and expenses 95,829 221,241 87,531 120,461 (13,675) 511,387 Depreciation and amortization 22,357 45,460 3,859 13,802 15,573 101,051 Non-operating income 431 3,627 — 456 2,072 6,586 EBITDA 86,944 52,760 50,183 75,364 (39,910) 225,341 Compensation and benefits (2) 2,227 4,501 2,269 2,619 11,570 23,186 Transaction, refinancing and other fees (3) 1,019 (6,015) 243 329 4,351 (73) (Gain) loss on foreign currency remeasurement (4) (128) 3,291 — — 1 3,164 Adjusted EBITDA $ 90,062 $ 54,537 $ 52,695 $ 78,312 $ (23,988) $ 251,618 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $43.2 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $14.7 million from Latin America Payments and Solutions to both Payment Services- Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $13.4 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, the elimination of realized gains from equity securities and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies. Nine months ended September 30, 2023 (In thousands) Payment Latin America Payments and Solutions Merchant Business Corporate and Other (1) Total Revenues $ 150,824 $ 120,548 $ 122,152 $ 169,188 $ (62,624) $ 500,088 Operating costs and expenses 85,019 101,586 81,302 118,653 (897) 385,663 Depreciation and amortization 18,178 13,002 3,357 13,436 15,707 63,680 Non-operating income (expenses) 590 (3,643) 308 667 (27,902) (29,980) EBITDA 84,573 28,321 44,515 64,638 (73,922) 148,125 Compensation and benefits (2) 2,033 2,510 2,054 2,226 12,693 21,516 Transaction, refinancing and other fees (3) 850 3,704 — — 38,741 43,295 (Gain) loss on foreign currency remeasurement (4) (41) 7,372 — — 6 7,337 Adjusted EBITDA $ 87,415 $ 41,907 $ 46,569 $ 66,864 $ (22,482) $ 220,273 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment revenue eliminations predominantly reflect the $39.9 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction-processing of $12.8 million from Latin America Payments and Solutions to both Payment Services - Puerto Rico & Caribbean and Business Solutions, and transaction-processing and monitoring fees of $9.9 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) Primarily represents share-based compensation and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement, the foreign currency swap loss and the elimination of unrealized earnings from equity investments, net of dividends received. (4) Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies
Reconciliation of EBITDA to consolidated net income	The reconciliation of consolidated net income to EBITDA is as follows: Three months ended September 30, Nine months ended September 30, (In thousands) 2024 2023 2024 2023 Net Income $ 25,202 $ 9,956 $ 74,112 $ 68,069 Add: Income tax (benefit) expense 1,707 (4,858) 3,100 4,546 Interest expense, net 15,008 3,783 47,078 11,830 Depreciation and amortization 33,660 21,919 101,051 63,680 Total EBITDA $ 75,577 $ 30,800 $ 225,341 $ 148,125

Supplemental Statement of Cas_2

Supplemental Statement of Cash Flows Information (Tables)	9 Months Ended
Supplemental Statement of Cash Flows Information (Tables)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of supplemental cash flow information	Supplemental statement of cash flows information is as follows: Nine months ended September 30, (In thousands) 2024 2023 Supplemental disclosure of cash flow information: Cash paid for interest 55,024 16,737 Cash paid for income taxes 17,917 29,692 Supplemental disclosure of non-cash activities: Payable due to vendor related to equipment and software acquired 5,129 4,207 Right-of-use assets obtained in exchange for operating lease liabilities 2,925 — Non-cash investing activities Capital contribution in-kind to investment in equity investee 6,000 Trade-in of equipment 2,193 — Non-cash financing activities Payable due to vendor related to licenses acquired — 7,911 Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement was as follows: September 30, (In thousands) 2024 2023 Cash and cash equivalents 275,359 177,821 Restricted cash 25,663 $ 20,607 Cash and cash equivalents included in settlement assets 25,260 17,118 Cash, cash equivalents, restricted cash and cash included in settlement assets 326,282 215,546

The Company and Basis of Pres_4

The Company and Basis of Presentation - Additional Information (Details)	Sep. 30, 2024 country
Accounting Policies [Abstract]
Number of countries where services are provided	26

The Company and Basis of Pres_5

The Company and Basis of Presentation - Schedule of Effects (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Accrued liabilities and accounts payable	$ (12,046)	$ 12,224
Net cash provided by operating activities	184,897	158,295
Cash flows from financing activities
Settlement activities, net	209	5,163
Net cash used in financing activities	$ (130,281)	(63,689)
As Previously Reported
Cash flows from operating activities
Accrued liabilities and accounts payable		17,387
Net cash provided by operating activities		163,458
Cash flows from financing activities
Settlement activities, net		0
Net cash used in financing activities		(68,852)
Adjustment
Cash flows from operating activities
Accrued liabilities and accounts payable		(5,163)
Net cash provided by operating activities		(5,163)
Cash flows from financing activities
Settlement activities, net		5,163
Net cash used in financing activities		$ 5,163

Business Acquisition - Addition

Business Acquisition - Additional Information (Details)	Nov. 01, 2023
Sinqia, S.A.
Business Acquisition [Line Items]
Percentage of shares acquired	100%

Business Acquisition - Assets A

Business Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Nov. 01, 2023
Business Acquisition [Line Items]
Preliminary Goodwill	$ 750,542	$ 791,700
Sinqia, S.A.
Business Acquisition [Line Items]
Cash and cash equivalents			$ 37,147
Restricted cash			2,166
Accounts receivable, net			9,989
Prepaid expenses and other assets			5,975
Property and equipment, net			3,618
Operating lease right-of-use asset			3,191
Preliminary Goodwill			341,801
Equity securities, at fair value			9,035
Long-term deferred tax asset			28,758
Other intangible assets, net			289,540
Other long-term assets			5,455
Total assets acquired			736,675
Accounts payable			13,241
Accrued liabilities			40,775
Operating lease liability			4,114
Current portion of long-term debt			11,400
Long-term debt			57,492
Contract liability			7,356
Deferred tax liability			76,150
Other long-term liabilities			15,134
Total liabilities assumed			225,662
Redeemable noncontrolling interests			39,340
Additional paid-in capital			471,673
Total liabilities and equity			$ 736,675

Business Acquisition - Intangib

Business Acquisition - Intangible Assets Acquired (Details) - Sinqia, S.A. $ in Thousands	Nov. 01, 2023 USD ($)
Business Acquisition [Line Items]
Amount	$ 289,540
Weighted-average life	14 years
Customer relationships
Business Acquisition [Line Items]
Amount	$ 155,876
Weighted-average life	18 years
Trademark
Business Acquisition [Line Items]
Amount	$ 47,688
Weighted-average life	10 years
Software packages
Business Acquisition [Line Items]
Amount	$ 85,976
Weighted-average life	10 years

Property and Equipment, net - P

Property and Equipment, net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property and Equipment, net
Property and equipment, gross	$ 206,085	$ 205,111
Less - accumulated depreciation and amortization	(143,373)	(144,117)
Property and equipment, net	62,712	60,994
Land	1,466	1,459
Property and equipment, net	$ 64,178	62,453
Buildings
Property and Equipment, net
Useful life in years	30 years
Property and equipment, gross	$ 2,135	2,193
Data processing equipment
Property and Equipment, net
Property and equipment, gross	$ 188,239	187,761
Data processing equipment \| Minimum
Property and Equipment, net
Useful life in years	3 years
Data processing equipment \| Maximum
Property and Equipment, net
Useful life in years	5 years
Furniture and equipment
Property and Equipment, net
Property and equipment, gross	$ 10,410	10,281
Furniture and equipment \| Minimum
Property and Equipment, net
Useful life in years	3 years
Furniture and equipment \| Maximum
Property and Equipment, net
Useful life in years	20 years
Leasehold improvements
Property and Equipment, net
Property and equipment, gross	$ 5,301	$ 4,876
Leasehold improvements \| Minimum
Property and Equipment, net
Useful life in years	5 years
Leasehold improvements \| Maximum
Property and Equipment, net
Useful life in years	10 years

Property and Equipment, net - A

Property and Equipment, net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense related to property and equipment	$ 5.8	$ 5.4	$ 16.9	$ 15.9

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill by Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Changes in the Carrying Amount of Goodwill
Beginning balance	$ 791,700
Adjustment to goodwill from prior year acquisition	(1,352)
Foreign currency translation adjustments	(39,806)
Ending balance	750,542
Payment Services - Puerto Rico & Caribbean
Changes in the Carrying Amount of Goodwill
Beginning balance	160,972
Adjustment to goodwill from prior year acquisition	0
Foreign currency translation adjustments	0
Ending balance	160,972
Latin America Payments and Solutions
Changes in the Carrying Amount of Goodwill
Beginning balance	452,597
Adjustment to goodwill from prior year acquisition	(1,352)
Foreign currency translation adjustments	(39,806)
Ending balance	411,439
Merchant Acquiring, net
Changes in the Carrying Amount of Goodwill
Beginning balance	138,121
Adjustment to goodwill from prior year acquisition	0
Foreign currency translation adjustments	0
Ending balance	138,121
Business Solutions
Changes in the Carrying Amount of Goodwill
Beginning balance	40,010
Adjustment to goodwill from prior year acquisition	0
Foreign currency translation adjustments	0
Ending balance	$ 40,010

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of goodwill			$ 0	$ 0
Amortization expense for intangible assets	$ 27,900,000	$ 16,600,000	$ 84,200,000	$ 47,800,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 1,184,697	$ 1,175,120
Accumulated amortization	(741,253)	(657,050)
Net carrying amount	443,444	518,070
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	555,918	568,284
Accumulated amortization	(388,673)	(340,952)
Net carrying amount	$ 167,245	$ 227,332
Customer relationships \| Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	8 years	8 years
Customer relationships \| Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	20 years	20 years
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 88,904	$ 94,203
Accumulated amortization	(48,487)	(41,319)
Net carrying amount	$ 40,417	$ 52,884
Trademarks \| Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	10 years	1 year
Trademarks \| Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	15 years
Software packages
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 536,261	$ 510,898
Accumulated amortization	(303,494)	(274,610)
Net carrying amount	$ 232,767	$ 236,288
Software packages \| Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	3 years	3 years
Software packages \| Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	10 years	10 years
Non-compete agreement
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	5 years	5 years
Gross amount	$ 3,614	$ 1,735
Accumulated amortization	(599)	(169)
Net carrying amount	$ 3,015	$ 1,566

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Estimated Amortization Expenses (Details) - Finite-Lived Intangible Assets, Excluding Assets Acquired in paySmart Acquisition $ in Thousands	Sep. 30, 2024 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Remaining 2024	$ 26,889
2025	87,352
2026	74,160
2027	61,995
2028	49,658
Thereafter	$ 143,390

Debt and Short-Term Borrowing_2

Debt and Short-Term Borrowings - Total Debt (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Deferred consideration from Business Combinations	$ 11,422	$ 19,467
Total debt	973,250	997,553
Note Payable
Debt Instrument [Line Items]
Note payable due September 1, 2030	7,110	7,403
Term A due on December 1, 2027 \| Credit Facility
Debt Instrument [Line Items]
2027 Term A Loan and 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin)	$ 432,310	$ 449,450
Minimum variable rate floor	0%	0%
Applicable margin interest rate	2%	1.50%
Term B due on October 30, 2030 \| Credit Facility
Debt Instrument [Line Items]
2027 Term A Loan and 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin)	$ 522,408	$ 521,233
Minimum variable rate floor	0.50%	0.50%
Applicable margin interest rate	3.25%	3.50%

Debt and Short-Term Borrowing_3

Debt and Short-Term Borrowings - Additional Information (Details)	1 Months Ended	3 Months Ended			9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) derivative_instrument	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) derivative_instrument	Sep. 30, 2023 USD ($)	Oct. 30, 2023 USD ($)	Dec. 01, 2022 USD ($)
Debt Instrument [Line Items]
Deferred consideration for business combinations		$ 11,400,000	$ 19,500,000		$ 11,400,000
Derivative asset		749,000	4,385,000		749,000
Derivative liability		9,001,000	900,000		9,001,000
Gains reclassified from accumulated other comprehensive income (loss) into earnings		2,500,000		$ 1,600,000	6,600,000	$ 4,000,000
Gains expected to be reclassified from accumulated other comprehensive (loss) income into interest expense in the next 12 months		1,300,000			1,300,000
Level 2 \| Fair Value, Recurring
Debt Instrument [Line Items]
Derivative asset		749,000	4,385,000		749,000
Derivative liability		9,001,000	900,000		9,001,000
Level 2 \| Fair Value, Recurring \| Carrying Amount
Debt Instrument [Line Items]
Derivative asset		700,000	4,400,000		700,000
Derivative liability		$ 9,000,000	900,000		$ 9,000,000
Interest Rate Swap
Debt Instrument [Line Items]
Number of interest rate swaps \| derivative_instrument		4			4
Minimum
Debt Instrument [Line Items]
Deferred consideration for business combinations, interest rate		2%			2%
Maximum
Debt Instrument [Line Items]
Deferred consideration for business combinations, interest rate		12%			12%
Financing Agreement 2023
Debt Instrument [Line Items]
Note payable	$ 10,100,000	$ 7,100,000		$ 10,100,000	$ 7,100,000	$ 10,100,000
Note Payable \| Credit Agreement 2022
Debt Instrument [Line Items]
Interest rate	6.90%
Term A due on December 1, 2027 \| Credit Facility \| Credit Agreement 2022
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity								$ 415,000,000
Unpaid principal balance		435,600,000			435,600,000
Term A due on December 1, 2027 \| Credit Facility \| Credit Agreement October 2023
Debt Instrument [Line Items]
Line of credit facility, additional commitments							$ 60,000,000
Revolving Credit Facility \| Credit Facility \| Credit Agreement 2022
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity								$ 200,000,000
Additional borrowing capacity available under the revolving facility		194,000,000			194,000,000
Term B due on October 30, 2030 \| Credit Facility \| Credit Agreement 2022
Debt Instrument [Line Items]
Unpaid principal balance		$ 540,000,000			$ 540,000,000
Term B due on October 30, 2030 \| Credit Facility \| Credit Agreement October 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							$ 600,000,000
Line of credit facility, repayments			$ 60,000,000

Debt and Short-Term Borrowing_4

Debt and Short-Term Borrowings - Summary of Interest Rate Swap Transaction (Details)	9 Months Ended
	Sep. 30, 2024 USD ($)
2018 Swap
Derivative [Line Items]
Notional Amount	$ 250,000,000
Fixed Rate	2.929%
2023 Swap
Derivative [Line Items]
Notional Amount	$ 250,000,000
Fixed Rate	3.375%
2024 Swap, 4.182% Fixed Rate
Derivative [Line Items]
Notional Amount	$ 150,000,000
Fixed Rate	4.182%
2024 Swap, 4.172% Fixed Rate
Derivative [Line Items]
Notional Amount	$ 150,000,000
Fixed Rate	4.172%

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Debt securities AFS	$ 1,726	$ 2,095
Equity securities	5,287	9,413
Interest rate swaps	749	4,385
Financial liabilities:
Interest rate swaps	9,001	900
Fair Value, Recurring \| Level 2
Financial assets:
Interest rate swaps	749	4,385
Financial liabilities:
Interest rate swaps	9,001	900
Fair Value, Recurring \| Level 2 \| Sinqia, S.A.
Financial assets:
Equity securities	0	6,447
Fair Value, Recurring \| Level 2 \| Debt securities AFS
Financial assets:
Debt securities AFS	1,726	2,095
Fair Value, Recurring \| Level 3
Financial assets:
Interest rate swaps	0	0
Financial liabilities:
Interest rate swaps	0	0
Fair Value, Recurring \| Level 3 \| Sinqia, S.A.
Financial assets:
Equity securities	0	2,966
Fair Value, Recurring \| Level 3 \| Debt securities AFS
Financial assets:
Debt securities AFS	0	$ 0
Fair Value, Recurring \| Measured at NAV \| Sinqia, S.A.
Financial assets:
Equity securities	$ 5,287

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Purchase of available-for sale debt securities	$ 0	$ 962,000
Proceeds from sale of available-for-sale debt securities	0	0
Proceeds from maturities of available-for-sale debt securities	370,000	1,048,000
Equity securities, realized gain	2,599,000	$ 0
Equity securities, at fair value	5,287,000		$ 9,413,000
Level 3 \| Sinqia, S.A. \| Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities, sold	5,500,000
Equity securities, realized gain	2,500,000
Equity securities, at fair value	$ 0		$ 2,966,000
Level 3 \| Sinqia, S.A. \| Measurement Input, Revenue Multiple \| Valuation, Enterprise Value \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities, measurement input	0.4
Level 3 \| Sinqia, S.A. \| Measurement Input, Revenue Multiple \| Valuation, Enterprise Value \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities, measurement input	8.3

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Reconciliation of Level 3 Assets (Details) - Equity Securities $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2023	$ 2,966
Disposition of equity securities	(5,487)
Change in fair value of equity securities, recognized through Other income, net	2,521
Balance at September 30, 2024	$ 0

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Carrying Value and Estimated Fair Values (Details) - Credit Facility - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Carrying Amount \| Term A due on December 1, 2027
Financial liabilities:
Loan Facility	$ 432,310	$ 449,450
Carrying Amount \| Term B due on October 30, 2030
Financial liabilities:
Loan Facility	522,408	521,240
Fair Value \| Term A due on December 1, 2027
Financial liabilities:
Loan Facility	436,115	452,337
Fair Value \| Term B due on October 30, 2030
Financial liabilities:
Loan Facility	$ 540,675	$ 539,325

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interests - Summary of Terms (Details)	Sep. 30, 2024 BRL (R$)
Homie Do Brasil Informatica
Redeemable Noncontrolling Interest [Line Items]
Percentage of redeemable noncontrolling interest	40%
Rosk Software S.A.
Redeemable Noncontrolling Interest [Line Items]
Percentage of redeemable noncontrolling interest	49%
Compliasset Software e Solucoes Digitais LTDA.
Redeemable Noncontrolling Interest [Line Items]
Percentage of redeemable noncontrolling interest	40%
Lote45 Participacoes S.A.
Redeemable Noncontrolling Interest [Line Items]
Percentage of redeemable noncontrolling interest	48%
Redeemable noncontrolling interest, redemption value criteria, value subtracted from formula	R$ 10000000.0

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interests - Changes in Redeemable Noncontrolling Interests (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Redeemable Noncontrolling Interest [Roll Forward]
Beginning Balance	$ 36,968
Net income attributable non-controlling interests	1,830
Adjustment of redeemable non-controlling interests to redemption value	695
Distributions from redeemable non-controlling interests	(294)
Foreign currency translation adjustments	572
Ending Balance	$ 39,771

Equity - Changes in Accumulated

Equity - Changes in Accumulated Other Comprehensive (Loss) Income (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ 598,408
Other comprehensive loss before reclassifications	(77,416)
Effective portion reclassified to net income	(6,616)
Ending balance	506,172
Foreign Currency Translation Adjustments
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	14,847
Other comprehensive loss before reclassifications	(75,473)
Effective portion reclassified to net income	0
Ending balance	(60,626)
Cash Flow Hedges
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	3,336
Other comprehensive loss before reclassifications	(1,939)
Effective portion reclassified to net income	(6,616)
Ending balance	(5,219)
Unrealized Gains (Losses) on Debt Securities AFS
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	26
Other comprehensive loss before reclassifications	(4)
Effective portion reclassified to net income	0
Ending balance	22
Total
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	18,209
Ending balance	$ (65,823)

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)			1 Months Ended	3 Months Ended					9 Months Ended
Equity - Additional Information (Details) - USD ($)	Jul. 09, 2024	Mar. 08, 2024	Mar. 31, 2024	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 06, 2024	Dec. 31, 2023
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount											$ 70,000,000
Common stock par value (in usd per share)				$ 0.01					$ 0.01		$ 0.01	$ 0.01
Payment repurchase of common stock		$ 70,000,000							$ 82,293,000	$ 23,598,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock (in shares)	467,362	1,500,000	1,516,793	841,453	1,516,793	208,564	268,398	187,976

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses	$ 7.4	$ 6.7	$ 22.4	$ 18.8
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum unrecognized cost for stocks and RSU's	$ 46.8		$ 46.8
Unrecognized compensation cost, weighted average period of recognition (in years)			2 years 1 month 6 days
Time Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years		3 years	3 years
Awards with Performance Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years
Performance adjustment percent			25%
Performance measurement period (in years)			1 year
Requisite service period (in years)			2 years
Awards with Performance Conditions \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance payout percent			0%
Awards with Performance Conditions \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance payout percent			200%

Share-based Compensation - Nonv

Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Details) - Restricted Stock Units (RSUs)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Shares
Beginning balance (in shares) \| shares	1,799,012
Granted (in shares) \| shares	1,153,892
Vested (in shares) \| shares	(785,000)
Forfeited (in shares) \| shares	(142,084)
Ending balance (in shares) \| shares	2,025,820
Weighted-average grant date fair value
Beginning balance (in usd per share) \| $ / shares	$ 39.42
Granted (in usd per share) \| $ / shares	36.79
Vested (in usd per share) \| $ / shares	39.31
Forfeited (in usd per share) \| $ / shares	36.32
Ending balance (in usd per share) \| $ / shares	$ 38.66

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 211,795	$ 173,198	$ 629,091	$ 500,088
Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	2,066	3,084	7,857	8,232
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	209,729	170,114	621,234	491,856
Payment Services - Puerto Rico & Caribbean
Disaggregation of Revenue [Line Items]
Revenues	34,687	34,409	103,444	100,996
Payment Services - Puerto Rico & Caribbean \| Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	42	107	152	345
Payment Services - Puerto Rico & Caribbean \| Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	34,645	34,302	103,292	100,651
Latin America Payments and Solutions
Disaggregation of Revenue [Line Items]
Revenues	70,568	41,709	210,225	107,751
Latin America Payments and Solutions \| Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	1,258	581	2,811	1,834
Latin America Payments and Solutions \| Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	69,310	41,128	207,414	105,917
Merchant Acquiring, net
Disaggregation of Revenue [Line Items]
Revenues	45,437	40,557	133,855	122,152
Merchant Acquiring, net \| Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Merchant Acquiring, net \| Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	45,437	40,557	133,855	122,152
Business Solutions
Disaggregation of Revenue [Line Items]
Revenues	61,103	56,523	181,567	169,189
Business Solutions \| Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	766	2,396	4,894	6,053
Business Solutions \| Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	$ 60,337	$ 54,127	$ 176,673	$ 163,136

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Product Information [Line Items]
Accounts receivable, net	$ 131,101		$ 131,101		$ 126,510
Contract liability	23,034		23,034		21,055
Contract liability - long term	56,652		56,652		41,825
Revenue recognized that was included in unearned income	6,200	$ 4,200	21,300	$ 12,900
Popular
Product Information [Line Items]
Accounts receivable, net	$ 42,100		$ 42,100		$ 40,500
Total Revenue \| Customer Concentration Risk \| Popular
Product Information [Line Items]
Total percentage of revenues from Popular	32%	34%	31%	36%

Revenues - Additional Informa_2

Revenues - Additional Information, Performance Obligation (Details) $ in Millions	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Transaction price allocated to performance obligations that are unsatisfied or partially satisfied	$ 816.9
Professional Services, All Other Contracts \| Minimum \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfaction (in years)	1 year
Professional Services, All Other Contracts \| Maximum \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfaction (in years)	6 years

Revenues - Contract Balances (D

Revenues - Contract Balances (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Revenue, Contract Balances [Roll Forward]
Balance at beginning of period	$ 13,917	$ 4,749
Services transferred to customers	15,878	28,165
Transfers to accounts receivable	(18,469)	(18,997)
Balance at end of period	$ 11,326	$ 13,917

Current Expected Credit Losse_2

Current Expected Credit Losses - Allowance Activity (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 4,010	$ 2,159
Current period provision for expected credit losses	638	2,218
Write-offs	(1,816)	(384)
Recoveries of amounts previously written-off	1	17
Balance at end of period	$ 2,833	$ 4,010

Income Tax - Components of Inco

Income Tax - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Current tax provision	$ 8,658	$ 8,166	$ 23,375	$ 21,037
Deferred tax benefit	(6,951)	(13,024)	(20,275)	(16,491)
Income tax expense (benefit)	$ 1,707	$ (4,858)	$ 3,100	$ 4,546

Income Tax - Tax Expense Based

Income Tax - Tax Expense Based on Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current tax provision
Puerto Rico	$ 1,575	$ 1,851	$ 3,905	$ 5,626
United States	99	80	228	138
Foreign countries	6,984	6,235	19,242	15,273
Total current tax provision	8,658	8,166	23,375	21,037
Deferred tax benefit
Puerto Rico	(3,659)	(11,169)	(10,984)	(11,593)
United States	(2)	34	0	38
Foreign countries	(3,290)	(1,889)	(9,291)	(4,936)
Total deferred tax benefit	$ (6,951)	$ (13,024)	$ (20,275)	$ (16,491)

Income Tax - Additional Informa

Income Tax - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Unremitted earnings from foreign subsidiaries	$ 155.8	$ 137
Gross deferred tax asset	77.6	65.4
Gross deferred tax liability	84.5	100.9
Gross deferred tax asset, valuation allowance	5.6	$ 4.6
Possible decrease in uncertain tax positions	$ 2.7

Income Tax - Income Tax Expense

Income Tax - Income Tax Expense Differs from Computed Income Tax at Statutory Rates (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Computed income tax at statutory rates			$ 28,954	$ 27,231
Differences in tax rates due to multiple jurisdictions			3,832	3,034
Effect of income subject to tax-exemption grant			(28,926)	(24,697)
Unrecognized tax expense			(1,098)	103
Excess tax benefits on share-based compensation			(494)	11
Tax credits for research and development activities			0	(884)
Other, net			832	(252)
Income tax expense (benefit)	$ 1,707	$ (4,858)	$ 3,100	$ 4,546

Net Income Per Common Share - R

Net Income Per Common Share - Reconciliation of Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income available to EVERTEC, Inc.’s common shareholders	$ 24,678	$ 10,036	$ 72,558	$ 68,243
Weighted average common shares outstanding (in shares)	63,944,132	64,648,542	64,512,868	64,886,551
Weighted average potential dilutive common shares (in shares)	774,997	1,130,717	804,080	819,045
Weighted average common shares outstanding - assuming dilution (in shares)	64,719,129	65,779,259	65,316,948	65,705,596
Net income per common share - basic (in usd per share)	$ 0.39	$ 0.16	$ 1.12	$ 1.05
Net income per common share - diluted (in usd per share)	$ 0.38	$ 0.15	$ 1.11	$ 1.04

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Details) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Earnings Per Share [Abstract]
Cash dividends on common stock (in usd per share)	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05

Segment Information - Additiona

Segment Information - Additional Information (Details)	9 Months Ended
Segment Information - Additional Information (Details)	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	4

Segment Information - Operation

Segment Information - Operations by Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 211,795	$ 173,198	$ 629,091	$ 500,088
Operating costs and expenses	170,254	133,636	511,387	385,663
Depreciation and amortization	33,660	21,919	101,051	63,680
Non-operating income (expenses)	376	(30,681)	6,586	(29,980)
EBITDA	75,577	30,800	225,341	148,125
Compensation and benefits	7,595	6,970	23,186	21,516
Transaction, refinancing and other	3,105	38,083	(73)	43,295
Loss (gain) on foreign currency remeasurement	1,112	2,806	3,164	7,337
Adjusted EBITDA	87,389	78,659	251,618	220,273
Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Revenues	34,687	34,409	103,444	100,996
Latin America Payments and Solutions
Segment Reporting Information [Line Items]
Revenues	70,568	41,709	210,225	107,751
Merchant Acquiring, net
Segment Reporting Information [Line Items]
Revenues	45,437	40,557	133,855	122,152
Business Solutions
Segment Reporting Information [Line Items]
Revenues	61,103	56,523	181,567	169,189
Operating Segments \| Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Revenues	52,755	51,600	159,985	150,824
Operating costs and expenses	33,144	28,402	95,829	85,019
Depreciation and amortization	7,599	6,203	22,357	18,178
Non-operating income (expenses)	149	110	431	590
EBITDA	27,359	29,511	86,944	84,573
Compensation and benefits	758	663	2,227	2,033
Transaction, refinancing and other	296	269	1,019	850
Loss (gain) on foreign currency remeasurement	(61)	(87)	(128)	(41)
Adjusted EBITDA	28,352	30,356	90,062	87,415
Operating Segments \| Latin America Payments and Solutions
Segment Reporting Information [Line Items]
Revenues	76,029	46,155	224,914	120,548
Operating costs and expenses	70,857	38,608	221,241	101,586
Depreciation and amortization	14,152	4,898	45,460	13,002
Non-operating income (expenses)	(482)	(2,148)	3,627	(3,643)
EBITDA	18,842	10,297	52,760	28,321
Compensation and benefits	1,349	859	4,501	2,510
Transaction, refinancing and other	(627)	3,451	(6,015)	3,704
Loss (gain) on foreign currency remeasurement	1,176	2,885	3,291	7,372
Adjusted EBITDA	20,740	17,492	54,537	41,907
Operating Segments \| Merchant Acquiring, net
Segment Reporting Information [Line Items]
Revenues	45,437	40,557	133,855	122,152
Operating costs and expenses	29,231	26,997	87,531	81,302
Depreciation and amortization	1,217	1,078	3,859	3,357
Non-operating income (expenses)	0	0	0	308
EBITDA	17,423	14,638	50,183	44,515
Compensation and benefits	775	662	2,269	2,054
Transaction, refinancing and other	29	0	243	0
Loss (gain) on foreign currency remeasurement	0	0	0	0
Adjusted EBITDA	18,227	15,300	52,695	46,569
Operating Segments \| Business Solutions
Segment Reporting Information [Line Items]
Revenues	61,103	56,522	181,567	169,188
Operating costs and expenses	42,347	40,643	120,461	118,653
Depreciation and amortization	5,614	4,478	13,802	13,436
Non-operating income (expenses)	166	69	456	667
EBITDA	24,536	20,426	75,364	64,638
Compensation and benefits	928	696	2,619	2,226
Transaction, refinancing and other	40	0	329	0
Loss (gain) on foreign currency remeasurement	0	0	0	0
Adjusted EBITDA	25,504	21,122	78,312	66,864
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(23,529)	(21,636)	(71,230)	(62,624)
Operating costs and expenses	(5,325)	(1,014)	(13,675)	(897)
Depreciation and amortization	5,078	5,262	15,573	15,707
Non-operating income (expenses)	543	(28,712)	2,072	(27,902)
EBITDA	(12,583)	(44,072)	(39,910)	(73,922)
Compensation and benefits	3,785	4,090	11,570	12,693
Transaction, refinancing and other	3,367	34,363	4,351	38,741
Loss (gain) on foreign currency remeasurement	(3)	8	1	6
Adjusted EBITDA	(5,434)	(5,611)	(23,988)	(22,482)
Payment Processing \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues	14,400	13,500	43,200	39,900
Software Sale and Developments \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues	5,500	4,400	14,700	12,800
Transaction Processing and Monitoring Fees \| Corporate and Other
Segment Reporting Information [Line Items]
Revenues	$ 3,700	$ 3,700	$ 13,400	$ 9,900

Segment Information - Income fr

Segment Information - Income from Segments to Consolidated Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting [Abstract]
Net income	$ 25,202	$ 9,956	$ 74,112	$ 68,069
Add:
Income tax (benefit) expense	1,707	(4,858)	3,100	4,546
Interest expense, net	15,008	3,783	47,078	11,830
Depreciation and amortization	33,660	21,919	101,051	63,680
Total EBITDA	$ 75,577	$ 30,800	$ 225,341	$ 148,125

Supplemental Statement of Cas_3

Supplemental Statement of Cash Flows Information - Supplemental Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 55,024	$ 16,737
Cash paid for income taxes	17,917	29,692
Supplemental disclosure of non-cash activities:
Payable due to vendor related to equipment and software acquired	5,129	4,207
Right-of-use assets obtained in exchange for operating lease liabilities	2,925	0
Non-cash investing activities
Capital contribution in-kind to investment in equity investee	6,000
Trade-in of equipment	2,193	0
Non-cash financing activities
Payable due to vendor related to licenses acquired	$ 0	$ 7,911

Supplemental Statement of Cas_4

Supplemental Statement of Cash Flows Information - Restricted Cash, and Cash Equivalents Reconciliation (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 275,359	$ 295,600	$ 177,821
Restricted cash	25,663	$ 23,073	20,607
Cash and cash equivalents included in settlement assets	25,260		17,118
Cash, cash equivalents, restricted cash and cash included in settlement assets	$ 326,282		$ 215,546

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended
	Nov. 07, 2024	Oct. 17, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Oct. 31, 2024
Subsequent Event [Line Items]
Cash dividends on common stock (in usd per share)			$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05
Subsequent Event
Subsequent Event [Line Items]
Cash dividends on common stock (in usd per share)		$ 0.05
Gain on sale of research and development tax credits	$ 8.9
Subsequent Event \| Grandata, Inc
Subsequent Event [Line Items]
Percentage of voting interests to be acquired									100%