EVERTEC (EVTC) 10-K 3 Mar 25 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 20, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
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, Country	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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1,400,653,424
Entity Common Stock, Shares Outstanding (in shares)		63,614,077
Documents Incorporated by Reference	Specifically identified portions of the registrant’s definitive Proxy Statement relating to its 2025 Annual Meeting of Stockholders are incorporated by reference in Part III of this Annual Report on Form 10-K where indicated. The Registrant's definitive proxy statement will be filed with the U.S. Securities and Exchange Commission (the "SEC") within 120 days after the end of the registrant's fiscal year ended December 31, 2024.
Entity Central Index Key	0001559865
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	San Juan, Puerto Rico

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 273,645	$ 295,600
Restricted cash	24,594	23,073
Accounts receivable, net	137,501	126,510
Settlement assets	31,942	51,467
Prepaid expenses and other assets	61,383	64,704
Total current assets	529,065	561,354
Debt securities available-for-sale, at fair value	913	2,095
Equity securities, at fair value	4,976	9,413
Investment in equity investees	29,472	21,145
Property and equipment, net	62,059	62,453
Operating lease right-of-use asset	10,131	14,796
Goodwill	726,901	791,700
Other intangible assets, net	430,885	518,070
Deferred tax asset	33,877	47,847
Derivative asset	4,338	4,385
Other long-term assets	24,994	27,005
Total assets	1,857,611	2,060,263
Current Liabilities:
Accrued liabilities	124,553	129,160
Accounts payable	58,729	66,516
Contract liability	25,274	21,055
Income tax payable	8,981	3,402
Current portion of long-term debt	23,867	23,867
Current portion of operating lease liability	6,229	6,693
Settlement liabilities	32,027	47,620
Total current liabilities	279,660	298,313
Long-term debt	925,062	946,816
Deferred tax liability	44,810	87,916
Contract liability - long term	55,003	41,825
Operating lease liability - long-term	4,924	9,033
Derivative liability	1,351	900
Other long-term liabilities	27,540	40,084
Total liabilities	1,338,350	1,424,887
Commitments and contingencies (Note 25)
Redeemable non-controlling interests	43,460	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; 63,614,077 shares issued and outstanding at December 31, 2024 (December 31, 2023 - 65,450,799)	636	654
Additional paid-in capital	7,003	36,527
Accumulated earnings	599,608	538,903
Accumulated other comprehensive (loss) income, net of tax	(134,723)	18,209
Total EVERTEC, Inc. stockholders’ equity	472,524	594,293
Non-controlling interest	3,277	4,115
Total equity	475,801	598,408
Total liabilities and equity	$ 1,857,611	$ 2,060,263

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars 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 dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	206,000,000	206,000,000
Common stock, issued (in shares)	63,614,077	65,450,799
Common stock, outstanding (in shares)	63,614,077	65,450,799

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues	$ 845,486	$ 694,709	$ 618,409
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below	406,416	336,756	292,621
Selling, general and administrative expenses	145,558	128,172	89,770
Depreciation and amortization	127,846	93,621	78,618
Total operating costs and expenses	679,820	558,549	461,009
Income from operations	165,666	136,160	157,400
Non-operating income (expenses)
Interest income	13,332	8,512	3,121
Interest expense	(74,733)	(32,321)	(24,772)
Gain on sale of a business	0	0	135,642
Loss on foreign currency remeasurement	(5,198)	(8,276)	(7,645)
Loss on foreign currency swap	0	(24,065)	0
Earnings of equity method investment	4,298	4,976	2,968
Other income, net	16,261	367	1,138
Total non-operating (expenses) income	(46,040)	(50,807)	110,452
Income before income taxes	119,626	85,353	267,852
Income tax expense	4,847	5,477	28,983
Net income	114,779	79,876	238,869
Less: Net income (loss) attributable to non-controlling interests	2,159	154	(140)
Net income attributable to EVERTEC, Inc.’s common stockholders	112,620	79,722	239,009
Other comprehensive (loss) income, net of tax of $(519), $(598) and $1,447
Foreign currency translation adjustments	(152,851)	38,328	12,490
(Loss) gain on cash flow hedges	(74)	(3,618)	19,215
Unrealized loss on change in fair value of debt securities available-for-sale	(7)	(15)	(68)
Other comprehensive (loss) income, net of tax	(152,932)	34,695	31,637
Total comprehensive (loss) income attributable to EVERTEC, Inc.’s common stockholders	$ (40,312)	$ 114,417	$ 270,646
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in dollar per share)	$ 1.75	$ 1.23	$ 3.48
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in dollar per share)	$ 1.73	$ 1.21	$ 3.45

Consolidated Statements of In_2

Consolidated Statements of Income and Comprehensive (Loss) Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Other comprehensive (loss) income, tax	$ (519)	$ (598)	$ 1,447

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive (Loss) Income	Non-Redeemable Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2021		71,969,856
Beginning balance at Dec. 31, 2021	$ 470,268	$ 719	$ 7,565	$ 506,051	$ (48,123)	$ 4,056
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation recognized	$ 19,956		19,956
Repurchase of common stock (in shares)	(2,800,000)	(2,810,182)
Repurchase of common stock	$ (96,596)	$ (28)	(21,833)	(74,735)
Restricted stock units delivered (in shares)		276,719
Restricted stock units delivered	(5,685)	$ 3	(5,688)
Net income (loss)	238,869			239,009		(140)
Common stock received in exchange of the sale of a Business (in shares)		(4,589,160)
Common stock received in exchange of the sale of a Business	(169,249)	$ (46)		(169,203)
Cash dividends declared on common stock, $0.20 per share	(13,773)			(13,773)
Other comprehensive income (loss)	30,958				31,637	(679)
Ending balance (in shares) at Dec. 31, 2022		64,847,233
Ending balance at Dec. 31, 2022	474,748	$ 648	0	487,349	(16,486)	3,237
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation recognized	$ 25,732		25,732
Repurchase of common stock (in shares)	(1,000,000)	(1,009,653)
Repurchase of common stock	$ (36,096)	$ (10)	(20,943)	(15,143)
Restricted stock units delivered (in shares)		448,627
Restricted stock units delivered	(5,956)	$ 4	(5,960)
Net income (loss)	79,876			79,722		154
Cash dividends declared on common stock, $0.20 per share	(13,025)			(13,025)
Issuance of common stock (in shares)		1,164,592
Issuance of common stock	37,710	$ 12	37,698
Other comprehensive income (loss)	$ 35,419				34,695	724
Ending balance (in shares) at Dec. 31, 2023	65,450,799	65,450,799
Ending balance at Dec. 31, 2023	$ 598,408	$ 654	36,527	538,903	18,209	4,115
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation recognized	$ 30,275		30,275
Repurchase of common stock (in shares)	(2,400,000)	(2,358,246)
Repurchase of common stock	$ (82,293)	$ (23)	(43,228)	(39,042)
Restricted stock units delivered (in shares)		521,524
Restricted stock units delivered	(9,970)	$ 5	(9,975)
Net income (loss)	112,253			112,620		(367)
Cash dividends declared on common stock, $0.20 per share	(12,873)			(12,873)
Adjustment of redeemable noncontrolling interest to redemption value	(6,596)		(6,596)
Other comprehensive income (loss)	$ (153,403)				(152,932)	(471)
Ending balance (in shares) at Dec. 31, 2024	63,614,077	63,614,077
Ending balance at Dec. 31, 2024	$ 475,801	$ 636	$ 7,003	$ 599,608	$ (134,723)	$ 3,277

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share (in dollarsper share)	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.20	$ 0.20	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 114,779	$ 79,876	$ 238,869
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	127,846	93,621	78,618
Amortization of debt issue costs and accretion of discount	4,739	2,307	2,238
Operating lease amortization	7,063	6,252	6,112
Loss on extinguishment of debt	0	1,433	1,311
Deferred tax benefit	(26,726)	(16,144)	(435)
Share-based compensation	30,275	25,732	19,956
Gain on sale of a business	0	0	(135,642)
Gain from sale of assets	(2,571)	0	0
Loss on disposition of property and equipment and impairment of software	2,603	969	4,943
Earnings of equity method investments	(4,298)	(4,976)	(2,968)
Dividends received from equity method investment	3,364	3,497	2,053
Loss on foreign currency remeasurement	5,198	8,276	7,645
Other, net	(529)	1,809	4,959
(Increase) decrease in assets:
Accounts receivable, net	(11,225)	(6,850)	(15,571)
Prepaid expenses and other assets	(865)	(16,862)	(4,636)
Other long-term assets	1,288	(5,383)	(5,202)
(Decrease) increase in liabilities:
Accrued liabilities and accounts payable	(6,602)	46,523	23,494
Income tax payable	6,199	(6,631)	1,281
Contract liability	14,199	8,074	(1,773)
Operating lease liabilities	(7,359)	(5,723)	(3,797)
Other long-term liabilities	2,681	(4,606)	(1,554)
Total adjustments	145,280	131,318	(18,968)
Net cash provided by operating activities	260,059	211,194	219,901
Cash flows from investing activities
Additions to software	(63,044)	(63,524)	(44,850)
Acquisition of customer relationship	0	0	(10,607)
Acquisitions, net of cash acquired	(34,030)	(417,566)	(44,369)
Property and equipment acquired	(25,384)	(21,452)	(27,073)
Proceeds from sales of property and equipment	5	24	78
Purchase of certificates of deposit	0	0	(7,264)
Proceeds from maturities of available-for-sale debt securities	1,102	1,048	1,015
Acquisition of available-for-sale debt securities	(793)	(962)	(254)
Purchase of equity securities	(132)	0	0
Investment in equity method investee	(2,000)	(5,500)	0
Sale of investments	5,994	0	0
Net cash used in investing activities	(118,282)	(507,932)	(133,324)
Cash flows from financing activities
Debt issuance and repricing costs	(1,215)	(10,481)	(7,355)
Proceeds from issuance of long-term debt	0	651,000	415,000
Net (decrease) increase in short-term borrowings	0	(20,000)	20,000
Repayments of short-terms borrowings for purchase of equipment and software	(2,479)	(7,175)	(949)
Dividends paid	(12,873)	(13,025)	(13,773)
Withholding taxes paid on share-based compensation	(9,970)	(5,956)	(5,685)
Repurchase of common stock	(82,293)	(36,096)	(96,596)
Repayment of long-term debt	(23,867)	(154,280)	(467,410)
Repayment of other financing agreement	(8,134)	(717)	0
Settlement activity, net	(8,641)	13,096	3,460
Other financing activities, net	(3,088)	0	0
Net cash (used in) provided by financing activities	(152,560)	416,366	(153,308)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash	(18,292)	8,439	(3,529)
Net (decrease) increase in cash, cash equivalents and restricted cash	(29,075)	128,067	(70,260)
Cash, cash equivalents, restricted cash, and cash included in settlement assets at beginning of the period	343,724	215,657	285,917
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period	$ 314,649	$ 343,724	$ 215,657

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
The Company and Summary of Significant Accounting Policies	The Company and Summary of Significant Accounting Policies 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 and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 26 countries in the region. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number (“PIN”) debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing and cash processing in Puerto Rico and technology outsourcing in 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, enabling them to issue, process and accept transactions securely. Basis of consolidation The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), and present the consolidated financial position, income, stockholders' equity, and cash flows of EVERTEC and its consolidated subsidiaries. Intercompany transactions and balances have been 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 consolidated statements of cash flows. In connection with this change, the Company reclassified comparative amounts for the years ended December 31, 2023 and December 31, 2022. 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 consolidated balance sheet, the consolidated statement of income and comprehensive (loss) income or on the consolidated statement of changes in stockholders’ equity. The following table presents the effects of the change in presentation within the consolidated statements of cash flows for the year ended December 31, 2023: For the year ended December 31, 2023 (In Thousands) As Previously Reported Adjustment As Adjusted Cash flows from operating activities: Accrued liabilities and accounts payable 59,619 (13,096) 46,523 Net cash provided by operating activities 224,290 (13,096) 211,194 Cash flows from financing activities: Settlement activities, net — 13,096 13,096 Net cash provided by financing activities 403,270 13,096 416,366 The following table presents the effects of the change in presentation within the consolidated statements of cash flows for the year ended December 31, 2022: For the year ended December 31, 2022 (In Thousands) As Previously Reported Adjustment As Adjusted Cash flows from operating activities: Accrued liabilities and accounts payable 26,954 (3,460) 23,494 Net cash provided by operating activities 223,361 (3,460) 219,901 Cash flows from financing activities: Settlement activities, net — 3,460 3,460 Net cash (used in) provided by financing activities (156,768) 3,460 (153,308) A summary of the most significant accounting policies used in preparing the accompanying consolidated financial statements is as follows: Use of Estimates The preparation of the accompanying consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Due to the inherent uncertainty involved with estimates actual results may differ. Revenue Recognition The Company’s revenue recognition policy follows the guidance from Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, which provides guidance on the recognition, presentation, and disclosure of revenue from contracts with customers. At contract inception, the Company evaluates whether the contract (i) is legally enforceable; (ii) approved by both parties; (iii) properly defines rights and obligations of the parties, including payment terms; (iv) has commercial substance; and (v) collection of substantially all consideration entitled is probable, before proceeding with the assessment of revenue recognition. If any of these requirements is not met, the contract does not exist for purposes of the model and any consideration received is recorded as a liability. A reassessment may be performed at a later date upon change in facts and circumstances. The Company also evaluates if contracts issued within a period of 6 months with the same customer should be accounted for as a single contract. The Company’s contracts with customers may be modified through amendments, change requests or waivers. Upon receipt, modifications of contracts with customers are evaluated to determine if these must be accounted for: (i) as a separate contract, (ii) a cumulative catch-up, or (iii) as a termination and creation of a new contract. Contract modifications must also comply with the requirements to determine if a contract with a customer exists for accounting purposes. To identify performance obligations within contracts with customers, the Company first identifies all the promises in the contract (i.e., explicit and implicit). This includes the customer’s options to acquire additional goods or services for free or at a discount in exchange for an upfront payment. The Company then assesses if each material good or service (or bundle of goods or services) is distinct in nature and is capable of being distinct in the context of the contract. A distinct good or service (or bundle of goods or services) constitutes a performance obligation. The Company also applies the series guidance to distinct goods or services (either with a specified quantity of goods or services or a stand-ready service), with an over time revenue recognition, to determine whether they should be accounted for as a single performance obligation. These distinct goods or services are recognized as a single performance obligation when their nature and timely increments are substantially the same and have the same pattern of transfer to the customer (i.e., the distinct goods or services within the series use the same method to measure progress towards complete satisfaction). Performance obligations that do not meet the over time criteria are recognized at a point in time. The Company also evaluates whether the practical expedient of right-to-invoice applies. For this practical expedient to apply, the right to consideration must correspond directly with the value received by the customer for the Company’s performance to date, no significant up-front payments or retroactive adjustments must exist, and specified minimums must be deemed non-substantive at the contract level. If the contract with the customer has multiple performance obligations and the practical expedient of right-to-invoice does not apply, the Company proceeds to determine the transaction price and allocate it on a standalone selling price basis among the different performance obligations identified. Revenue is measured based on the consideration specified in a contract with a customer. Once the Company determines a contract's performance obligations and the transaction price, including an estimate of any variable consideration, the Company allocates the transaction price to each performance obligation in the contract using a standalone selling price (“SSP”). The Company recognizes revenue when it satisfies a performance obligation by transferring control of a product or service to a customer. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to governmental authorities. The Company generally applies the expected cost plus margin approach to determine the standalone selling price at the performance obligation level. In addition, for performance obligations that are satisfied over time and the right to invoice practical expedient is not available, the Company determines a method to measure progress (i.e., input or output method) based on current facts and circumstances. When these performance obligations have variable consideration within its transaction price and are part of a series, the Company allocates the variable consideration to each time increment. As part of the revenue recognition analysis, when another party is involved in providing goods or services to a customer, the Company evaluates, for each performance obligation, whether it is providing the goods or services itself (i.e., as principal), or if it is only arranging on behalf of the other party. The Company acts as principal if it controls the specified good or service before that good or service is transferred to a customer. To determine if the Company acts as an agent, the Company considers indicators, such as: (i) the responsibility to fulfill a promise; (ii) the inventory risk; and (iii) the price determination. The Company may also generate revenues from payments received under collaborative arrangements. Management analyzes its collaborative arrangements to assess whether such arrangements, or transactions between arrangement participants, involve joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities or are more akin to a vendor-customer relationship. In making this assessment, management considers whether the activities in the collaborative arrangement are considered to be distinct and deemed within the scope of ASC 808, Collaborative Arrangements, and those that are more reflective of a vendor-customer relationship and, therefore, within the scope of ASC 606. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. Nature of performance obligations by segment The following is a description of the Company’s principal revenue generating activities, including the separate performance obligations by operating segment. The Payment Services - Puerto Rico & Caribbean segment provides financial institutions, government entities, health insurance companies and other issuers services to process credit, debit and prepaid cards; automated teller machines and electronic benefit transfer (“EBT”) card programs (which principally consist of services to the government of Puerto Rico for the delivery of benefits to participants). Revenue is principally derived from fixed fees per transaction, and can also include time and material billing for professional services provided to enhance and maintain the existing hosted platforms. Professional services in these contracts are primarily considered non-distinct from the transactional services and accounted for as a single performance obligation. Revenue for these contracts is generally recognized over time for the amount which the Company has right to the consideration. The Latin America Payments and Solutions segment provides financial institutions, government entities and other issuers services to process credit, debit and prepaid cards as well as licensed software solutions for risk and fraud management and card payment processing. Solutions revenues also 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. Licensed software solutions are provided mainly as Software as a Service (“SaaS”) and on-premises perpetual licenses. Set-up fees related to SaaS are considered non-distinct from the license and accounted for as a single performance obligation. SaaS revenues are recognized over time while the customer benefits from the software. On-premises perpetual licenses require significant customization and development. Professional services provided for significant customizations and development are non-distinct from the license and accounted for as a single performance obligation, recognized over time during the development of the license. Hardware and software sales, and other services are recognized at a point in time when the control of the asset is transferred to the customer. Maintenance or support services are considered distinct and recognized over time in the amount in which the Company has right to the consideration. The Merchant Acquiring segment provides customers with the ability to accept and process debit and credit cards. Revenue is derived from fixed or identifiable fees charged to individual merchants per transaction, set-up fees, monthly membership fees and rental of point-of-sale (“POS”) terminals. Set-up fees are considered non-distinct from the transaction processing services and accounted for as a single performance obligation. Revenue for these contracts is recognized over time in the amount in which the Company has right to consideration. The Business Solutions segment consists of revenues from a full suite of business process management solutions. Revenue derived from core bank processing and other processing and transaction-based services are generally recognized over time in the amount in which the Company has right to consideration. Hosting services generally represent a series of distinct monthly increments that are substantially the same and has the same pattern of transfer. Professional services to enhance EVERTEC’s platforms are generally considered non-distinct from the hosting service and accounted for as a single performance obligation. Hosting services are generally recognized over time once in production throughout the term of the contract. Maintenance or support services are usually considered distinct and recognized over time in the amount in which the Company has right to consideration. Hardware and software sales are recognized at a point in time when the control of the asset is transferred to the customer. Indicators of transfer of control include the Company’s right to payment, or as the customer has legal title or physical possession of the asset. The Company may also provide professional services to enhance customer’s platforms or as IT consulting services by arranging for other parties to transfer the services (i.e., acting as an agent). For these contracts, revenue is recognized on a net basis. The Company’s service contracts may include service level arrangements (“SLA”) generally allowing the customer to receive a credit for part of the service fee when the Company has not provided the agreed level of services. If triggered, the SLA is deemed a consideration payable that may impact the transaction price of the contract, thus SLA performance is monitored and assessed for compliance with arrangements on a monthly basis, including determination and accounting for its economic impact, if any. Significant Judgments Determining a measure of progress for performance obligations satisfied over time requires management to make judgments that affect the timing of revenue to be recognized. The Company exercises judgment in identifying a suitable method that depicts the entity’s performance in transferring control of these performance obligations, on a contract-by-contract basis. The principal criteria used for determining the measure of progress is the availability of reliable information that can be obtained without incurring undue cost, which generally results in the application of an input method since, in most cases, the outputs used to reasonably measure progress are not directly observable. Usually, the input method based on labor hours incurred, with respect to total expected labor hours to satisfy the performance obligation is applied. For performance obligations satisfied at a point in time, the Company determines that the customer is able to direct the use of, and obtain substantially all of the benefits from the products at the time the products are delivered and services are performed. The Company mainly uses the expected cost-plus margin approach to allocate the transaction price in contracts with multiple performance obligations. To determine the SSP, the Company periodically performs an assessment to determine the margin of goods or services with the assistance of the different business areas. This assessment is performed considering past transactions and/or reasonably available information, including market conditions, trends or other company or customer specific factors, among others. Investment in Equity Investees The Company accounts for investments using the equity method of accounting if the investment provides the Company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the Company has an ownership interest in the voting stock of an investor of between 20 percent and 50 percent, although other factors are considered in determining whether the equity method of accounting is appropriate. Under this method, the investment, originally recorded at cost on the consolidated balance sheets, is adjusted to recognize the Company’s share of net income or losses of the investees as they occur. The Company’s share of the investees earnings or losses is recorded, net of taxes, within the earnings of equity method investments in the consolidated statements of income and comprehensive (loss) income. The Company tracks its share of cumulative earnings and distributions of its equity method investments. For purposes of classifying distributions received from equity method investments in the Company’s consolidated statements of cash flows, cumulative distributions are treated as returns on capital to the extent of cumulative earnings and included in the Company’s consolidated statements of cash flows as operating activities. Cumulative distributions in excess of the Company’s share of cumulative earnings are treated as returns of capital and included in the Company’s consolidated statements of cash flows as cash from investing activities . The Company’s consolidated revenues include fees for services provided to the investees accounted for under the equity method. On the acquisition of the investment, any difference between the cost of the investment and the amount of the underlying equity in net assets of the investees is required to be accounted as if the investee were a consolidated subsidiary. If the difference is assigned to depreciable or amortizable assets or liabilities, then the difference should be amortized or accreted in connection with the equity earnings based on the Company’s proportionate share of the investee’s net income or loss. If the investor is unable to relate the difference to specific accounts of the investee, the difference should be considered goodwill. The Company considers whether the fair value of its equity method investment has declined below its carrying value whenever adverse events or changes in circumstances indicate that recorded values may not be recoverable. If the Company considered any such decline to be other than temporary (based on various factors, including historical financial results, product development activities and the overall health of the investee’s industry), then the Company will write-down the investment to estimated fair value. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation of property and equipment is computed using the straight-line method and expensed over their estimated useful lives. Amortization of leasehold improvements is computed over the terms of the respective leases, including renewal options considered by management to be reasonably assured of being exercised, or the estimated useful lives of the improvements, whichever is shorter. Costs of maintenance and repairs which do not improve or extend the life of the respective assets are expensed as incurred. Leases The Company evaluates each of its lease and service arrangements at inception to determine if the arrangement is, or contains, a lease and to determine the appropriate classification of each identified lease. A lease exists if the Company obtains substantially all of the economic benefits of, and has the right to control the use of, an asset for a period of time. Right-of-use assets represent the Company's right to use an underlying asset for the lease term, and lease liabilities represents the Company's obligation to make lease payments arising from the lease agreement. The Company recognizes right-of-use assets and lease liabilities at the lease commencement date based on the present values of fixed lease payments over the term of the lease. Variable lease payments are not included in the Right-of-use asset or lease liabilities and are expensed as incurred. Right-of-use assets may also be adjusted to reflect any prepayments made or any incentive payments received. Operating lease costs and depreciation expense for finance leases are recognized as expense on a straight-line basis over the lease term. At inception, the Company evaluates the options to extend or terminate the lease and includes those that are reasonably certain to be exercised in the right-of-use assets and lease liabilities. The Company considers a termination or renewal option in the determination of the lease term when it is reasonably certain that it will exercise that option. Because the Company's leases generally do not provide a readily determinable implicit interest rate, the Company use an incremental borrowing rate to measure the lease liability and associated right-of-use asset at the lease commencement date. The incremental borrowing rate used is a fully collateralized rate that considers the Company's credit rating, market conditions and the term of the lease at the lease commencement date. The Company has made an accounting policy election to not recognize assets or liabilities for leases with a term of less than 12 months and to account for all components in a lease arrangement as a single combined lease component for all asset classes. Impairment of Long-lived Assets Long-lived assets to be held and used, and long-lived assets to be disposed of, are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Capitalization of Software The Company develops software that is used in providing processing services to customers. Capitalized software includes purchased software and internally developed software and is recognized as software packages within other intangible assets, net in the consolidated balance sheets. Capitalization of internally developed software occurs only after the preliminary project stage is complete, management with applicable authority approves funding of the project, it is probable that the project will be completed, and the software will be used to perform the intended function. Tasks that are generally capitalized are as follows: (a) system design of a chosen path including software configuration and software interfaces; (b) employee costs directly associated with the internal-use computer software project; (c) software development (coding) and software and system testing and verification; (d) system installation; and (e) enhancements that add function and are considered permanent. These tasks are capitalized and amortized using the straight-line method over its estimated useful life, which range from three The Company capitalizes interest costs incurred in the development of software. The amount of interest capitalized is an allocation of the interest cost incurred during the period required to substantially complete the asset. The interest rate for capitalization purposes is based on a weighted average rate on the Company’s outstanding borrowings. For the years ended December 31, 2024, 2023 and 2022, interest cost capitalized amounted to approximately $3.4 million, $2.7 million, and $1.1 million, respectively. Software and Maintenance Contracts Software and maintenance contracts are recorded at cost. The cost is recognized as prepaid expenses and amortized over the term of the related contract. The unamortized balance is included within prepaid expenses and other assets or other long-term assets depending on the contract terms. Amortization of software and maintenance contracts is computed using the straight-line method and their estimated useful lives based on the contract terms and are recognized in cost of revenues in the consolidated statements of income and comprehensive (loss) income. Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price and related costs over the value assigned to net assets acquired. Goodwill is not amortized, but is tested for impairment at least annually, or more often if events or circumstances indicate that the carrying value may not be recoverable. The Company may first assess qualitative factors to determine whether it is more likely than not, that the fair value of the reporting unit is less than its carrying amount including goodwill, that is, a likelihood of more than 50 percent. The Company has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The Company may resume performing the qualitative assessment in any subsequent period. If determined necessary, the quantitative impairment test shall be used to identify goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The quantitative goodwill impairment test, used to identify both the existence of impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the Company determines to perform a quantitative impairment test, a third-party may be engaged to prepare an independent valuation of each reporting unit being evaluated. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Additionally, the Company shall consider the income tax effect from any tax-deductible goodwill on the carrying amount of the reporting unit, if applicable, when measuring the goodwill impairment loss. For the years ended December 31, 2024, 2023 and 2022, no impairment losses associated with goodwill were recognized. Other identifiable intangible assets with definitive useful lives include customer relationships, trademarks, software packages and non-compete agreements. Customer relationships were valued using the excess earnings method under the income approach. Trademark assets were valued using the relief-from-royalty method under the income approach. Internally developed software packages, which include capitalized software development costs, are recorded at cost, while software packages acquired as part of a business combination were valued using the relief-from-royalty method under the income approach or the cost replacement method. The non-compete agreements were recorded based on the price paid to enter into the agreements. Other identifiable intangible assets are evaluated for impairment at least annually or more often if events or circumstances indicate there may be an impairment. Derivative Instruments and Hedging Activities The Company uses derivative financial instruments to enhance its ability to manage its exposure to certain financial and market risks. On the date the derivative instrument contract is entered into, the Company may designate the derivative as (1) a hedge of the fair value of a recognized asset or liability or an unrecognized firm commitment (“fair value” hedge), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge), or (3) as a “standalone” derivative instrument, including economic hedges that the Company has not formally documented as a fair value or cash flow hedge. Changes in the fair value of a derivative that qualifies for cash flow hedge accounting are recognized in other comprehensive (loss) income. Amounts accumulated in other comprehensive (loss) income are reclassified to earnings when the related cash outflow affects earnings. Changes in the fair value of a derivative instrument that is highly effective and that is designated and qualifies as a fair value hedge, along with changes in the fair value of the hedged asset or liability that are attributable to the hedged risk (including gains or losses on firm commitments), are recorded in current-period earnings. Similarly, the changes in the fair value of stand-alone derivative instruments or derivatives not qualifying or designated for hedge accounting are reported in current-period earnings. The Company recognizes all derivative financial instruments in the consolidated balance sheets as assets or liabilities at fair value. The Company presents derivative assets and derivative liabilities separately in the consolidated balance sheets. The Company does not enter into derivative financial instruments for speculative purposes. Income Tax Income taxes are accounted for under the asset and liability method. A temporary difference refers to a difference between the tax basis of an asset or liability, determined based on recognition and measurement requirements for tax positions, and its reported amount in the financial statements that will result in taxable or deductible amounts in future years when the reported amount of the asset or liability is recovered or settled, respectively. Deferred tax assets and liabilities represent the future effects on income taxes that result from temporary differences and carryforwards that exist at the end of a period. Deferred tax assets and liabilities are measured using enacted tax rates and provisions of the enacted tax law and are not discounted to reflect the time-value of money. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated statements of income and comprehensive (loss) income in the period that includes the enactment date. A deferred tax valuation allowance is established if it is considered more likely than not that all or a portion of the deferred tax asset will not be realized. The Company recognizes the benefit of uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement or disposition of the underlying issue with the taxing authority. Accordingly, the amount of benefit recognized in the consolidated financial statements may differ from the amount taken or expected to be taken in the tax return resulting in unrecognized tax benefits (“UTBs”). The Company recognizes the interest and penalties associated with UTBs as part of the provision for income tax expense in the consolidated statements of income and comprehensive (loss) income. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets. All companies within EVERTEC are legal entities that file separate income tax returns. Research and Development ("R&D") Tax incentives The Company receive

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently adopted accounting pronouncements In November 2023, FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which provides for additional disclosures as they relate to a Company’s segments. Additional requirements per the update include disclosures for significant segment expenses, measures of profit or loss used by the CODM and how these measures are used to allocate resources and assess segment performance. The amendments in this ASU are effective for all public entities for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company has evaluated the impact of this update on its disclosures and has applied the required amendments to these consolidated financial statements for the year ended December 31, 2024. Refer to Note 26 - Segment Information . Recently issued accounting pronouncements not yet adopted In August 2023, FASB issued ASU 2023-05 Business Combinations - Joint Venture Formation (Subtopic 805-60): Recognition and Initial Measurement , which provides an update to the accounting treatment of joint ventures upon formation. This update requires companies to measure assets and liabilities contributed to joint ventures at fair value at the time of formation and has an effective date of January 1, 2025. The update is to be applied prospectively, with a retrospective option for previously formed joint ventures. The Company has not elected retrospective application for its previously formed joint ventures and will adopt the provisions of this ASU for any future joint venture formations. In December 2023, FASB issued ASU 2023-09 Income Tax (Topic 740): Improvements to Income Tax Disclosures which provides for additional disclosures for rate reconciliations, disaggregation of income taxes paid, and other disclosures. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2024. The Company is currently evaluating the updated disclosure requirements and impact that the standard will have on its consolidated financial statements upon implementation. In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses . This update enhances the disclosure requirements of a public business entity’s expenses. With this standard nearly all public business entities will disclose more information about the components of the expense captions than what is currently disclosed in the financial statements allowing investors to better understand the components of an entity’s expenses and assess an entity’s performance. This update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the updated disclosure requirements and impact that the standard will have on its consolidated financial statements upon implementation.

Business Acquisitions and Dispo

Business Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Acquisitions and Dispositions	Business Acquisitions and Dispositions 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. The aggregate purchase price was $33.3 million and the acquisition enhances the Company's existing product offerings. The Company accounted for this transaction as a business combination, and the purchase price allocation is preliminary and subject to change. The Company received net assets with a value of $6.3 million, inclusive of $9.9 million in cash and cash equivalents, and identified intangible assets other than goodwill for which a portion of the purchase price must be allocated. The purchase price was preliminarily allocated to the following intangible assets: $11.9 million to customer relationships, $6.8 million to software and $1.5 million to trademarks. Goodwill in connection with this transaction is preliminarily estimated at approximately $12.8 million, after recording deferred tax liabilities of approximately $6.0 million in connection with the intangible assets recognized. These values are preliminary and subject to change. On November 19, 2024, the Company signed and closed an agreement to acquire 100% of the share capital of Nubity, Inc ("Nubity"). Nubity is a cloud services provider based in Mexico, specializing in AWS cloud infrastructure management, DevOps, and cloud-native application solutions for clients across Latin America. The aggregate purchase price was $11.0 million and the acquisition enhances the Company's existing product offering. The Company accounted for this transaction as a business combination, and the purchase price allocation summary is preliminary and subject to change. The Company received net assets with a value of $0.3 million and identified intangible assets other than goodwill for which a portion of the purchase price must be allocated. The purchase price was preliminarily allocated to the following intangible assets: $3.9 million to customer relationships and $0.5 million to trademarks. Goodwill in connection with this transaction is preliminarily estimated at approximately $7.8 million, after recording deferred tax liabilities of approximately $1.5 million in connection with the intangible assets recognized. These values are preliminary and subject to change. Goodwill in connection with both acquisitions is attributable to the Latin America Payments and Solutions segment, refer to Note 12- Goodwill for further details. Currently, n one of the goodwill is deductible for income tax purposes. The results of operations for both Grandata and Nubity were not material to the Company's consolidated statement of income and comprehensive (loss) income for the year ended December 31, 2024. On February 16, 2023, the Company closed on the acquisition of 100% of Paysmart Pagamentos Electronicos Ltda ("paySmart"). Headquartered in Porto Alegre, Brazil, paySmart provides issuer processing services and BIN Sponsorship services for prepaid programs under domestic and international schemes in Brazil. The aggregate purchase price was $130 million Brazilian reais ("BRL"), approximately USD $25 million. The acquisition expands the Company's footprint in Brazil and compliments the current product offering in the country. The Company accounted for this transaction as a business combination. The following table details the fair value of assets acquired and liabilities assumed from the paySmart acquisition: Assets/Liabilities (at fair value) (In thousands) Cash and cash equivalents $ 2,037 Accounts receivable, net 451 Prepaid expenses and other assets 58 Property and equipment, net 107 Operating lease right-of-use asset 182 Goodwill 9,477 Other intangible assets, net 15,174 Settlement assets 52,593 Total assets acquired 80,079 Accounts payable 278 Settlement liabilities 50,368 Operating lease liability 185 Income tax payable 298 Deferred tax liability 4,253 Total liabilities assumed $ 55,382 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 $ 10,239 20 Trademark 1,299 5 Software packages 3,636 5 Total $ 15,174 15 On November 1, 2023, the Company completed the acquisition (the "Sinqia Transaction") 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”). Prior to the completion of the business combination, the Company acquired 4.8 million shares of Sinqia, representing approximately 5.4% of the outstanding shares of Sinqia. The shares were purchased in the open market for $26.5 million and at acquisition date the fair value of the equity securities amounted to $25.7 million. The acquisition expands the Company's product portfolio and client base in Brazil. The aggregate purchase price was $2.4 billion BRL, approximately USD$472 million, composed of cash of approximately USD$408.3 million from new financing commitments, approximately USD$25.7 million from previously acquired Sinqia shares and 1.2 million Evertec shares issued through Brazilian Depository Receipts, with a value of BRL$190.7 million, approximately USD$37.7 million. The closing stock price of Evertec on November 1, 2023 was $32.38. Refer to Note 15 - Debt and Short-Term Borrowings for further details regarding new financing commitments and Note 19 - Equity for further details regarding the Brazilian Depository receipts. The Company accounted for this transaction as a business combination. The following table details the fair value of the assets acquired and liabilities assumed from the Sinqia acquisition: 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 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 non-controlling 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 12 - Goodwill for detail of goodwill allocated by reportable segments. The goodwill is primarily attributed to selling the Company's products and services to Sinqia's client base, exporting Sinqia's products to other markets where the Company has presence and the assembled workforce. Currently, a portion of goodwill related to previous Sinqia acquisitions is deductible for income tax purposes on a statutory basis. The following unaudited pro forma information shows the Company's results of operations for the years ended December 31, 2023 and 2022 as if the Sinqia Transaction had occurred on January 1, 2022. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of what would have occurred if the Sinqia acquisition had occurred as of that date. The unaudited proforma financial information reflects the effects of applying the Company's accounting policies and certain pro forma adjustments to the combined historical financial information of the Company and Sinqia. This is not intended to be a projection of future results or performance and actual results might materially differ. Year ended (In thousands) December 31, 2023 December 31, 2022 Total revenues $ 805,152 $ 735,048 Net income 85,344 190,666 Sale of a Business On July 1, 2022, the Company closed on a definitive agreement with Banco Popular de Puerto Rico and its parent, Popular, to sell software and prepaid assets and transfer certain employees in connection with those assets (the “Business”). As consideration for the sale of the Business, Popular delivered 4.6 million shares of Evertec common stock held by Popular with a value of $169.2 million at close (the “Popular Transaction”). Additionally, management concluded that $15.4 million included in the Company’s contract liability should be treated as consideration for the sale. Total consideration for the sale of the Business amounted to $184.7 million. The Company also modified and extended the main commercial agreements with Popular, including a 10-year extension of the Merchant Acquiring Independent Sales Organization Agreement, a 5-year extension of the ATH Network Participation Agreement and a 3-year extension of the MSA. The Company also entered into new contracts and transition services agreements concurrently with the close of the Popular Transaction with terms between 3 months and 36 months. The following table details the consideration for the sale of the business, major classes of assets and liabilities included in the business sale and the gain on sale of a business: July 1, 2022 (In thousands) Common stock received in exchange for the sale of a business $ 169,249 Contract liability representing consideration for the sale of a business 15,426 Total consideration for the sale of a business 184,675 Goodwill (5,813) Other intangible assets, net (31,011) Prepaid expenses and other assets (497) Contract liability (11,712) Gain on sale of a business $ 135,642

Revenues

Revenues	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Disaggregation of revenue The Company disaggregates revenue from contracts with customers into the primary geographical markets, nature of 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 that the Company provides and the primary geographical markets in which the Company operates. Revenue disaggregated by segment is discussed in Note 26 - Segment Information . In the following table, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue recognition for the periods indicated. Year ended on December 31, 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 $ 240 $ 4,558 $ — $ 7,773 $ 12,571 Products and services transferred over time 139,103 277,110 180,500 236,202 832,915 $ 139,343 $ 281,668 $ 180,500 $ 243,975 $ 845,486 Year ended on December 31, 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 $ 394 $ 5,766 $ — $ 8,911 $ 15,071 Products and services transferred over time 135,579 163,644 162,366 218,049 679,638 $ 135,973 $ 169,410 $ 162,366 $ 226,960 $ 694,709 Year ended on December 31, 2022 (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 $ 361 $ 2,648 $ — $ 11,735 $ 14,744 Products and services transferred over time 117,900 111,116 151,085 223,564 603,665 $ 118,261 $ 113,764 $ 151,085 $ 235,299 $ 618,409 The Company has revenue concentration with Popular, revenues as a percentage of total revenues, were 31%, 35% and 39%, for the years ended December 31, 2024, 2023 and 2022, respectively. Accounts receivable from Popular as of December 31, 2024 and December 31, 2023 amounted to $37.5 million and $40.5 million, respectively. The Company enters into collaborative arrangements aimed at growing the Company’s merchant relationships. These arrangements are accounted for under ASC 606 as required by ASC 808 Collaborative Arrangements and are included as part of the Company’s Merchant Acquiring segment and Latin America Payments and Solutions segment. For the years ended December 31, 2024, 2023 and 2022, the Company recognized revenue amounting to $130.8 million, $114.9 million, and $65.9 million, respectively, for these arrangements. Refer to Note 26 - Segment Information for further information, including revenue by products and services the Company provides and the geographic regions in which the Company operates. Contract balances Contract assets of the Company arise when the Company has a contract with a customer for which revenue has been recognized (i.e., goods or services have been transferred), but the customer payment is subject to a future event (i.e., satisfaction of additional performance obligations). Contract assets will be considered a receivable when the rights to consideration of the Company becomes unconditional (i.e., the Company has a present right to payment). 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 consolidated balance sheets. Contract assets at December 31, 2024 and 2023 amounted to $11.4 million and $13.9 million, respectively. Contract liability and Contract liability- Long term, at December 31, 2024 amounted to $25.3 million and $55.0 million, respectively. Contract liability and Contract liability- Long term amounted to $21.1 million and $41.8 million at December 31, 2023, respectively. Contract liability is mainly comprised of upfront fees for implementation or set up activities, including fees invoiced in pre-production periods in connection with hosting services, as well as amounts related to contracts entered into concurrently with the close of the Popular Transaction in fiscal year 2022. Contract liability may also arise when consideration is received or due in advance from customers prior to performance. During the year ended December 31, 2024, the Company recognized revenue of $28.8 million that was included in contract liability, at December 31, 2023. During the year ended December 31, 2023, the Company recognized revenue of $16.4 million that was included in contract liability at December 31, 2022. Transaction price allocated to the remaining performance obligations Revenues from recurring transaction-based and processing services represent the majority of the Company’s total revenue. The Company recognizes revenues from recurring transaction-based and processing services over time at the amounts in which the Company has right to invoice, which corresponds directly to the value to the customer of the Company’s performance completed to date. The Company has elected to apply the practical expedient permitted under ASC 606, when applicable. Under this practical expedient, the Company is not required to disclose information about remaining performance obligations if the performance obligation is part of a contract with an original expected duration of one year or less or if the Company recognizes revenue at the amount to which it has a right to invoice. The Company also applies the practical expedient for variable consideration when the variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents At December 31, 2024 and 2023, the Company’s cash and cash equivalents amounted to $298.2 million and $318.7 million, respectively, which are deposited in financial institutions. Of the total cash balance at December 31, 2024 and 2023, $226.7 million and $208.8 million, respectively, reside in subsidiaries located outside of Puerto Rico. At December 31, 2024 and 2023 the Company also had cash and cash equivalents included in settlement assets amounting to $16.4 million and $25.1 million, respectively. Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement is as follows: December 31, (In thousands) 2024 2023 2022 Reconciliation of cash, cash equivalents, restricted cash, and cash included in settlement assets Cash and cash equivalents $ 273,645 $ 295,600 $ 185,274 Restricted cash 24,594 23,073 18,428 Cash and cash equivalents included in settlement assets 16,410 25,051 11,955 Cash, cash equivalents, restricted cash, and cash included in settlement assets $ 314,649 $ 343,724 $ 215,657 Refer to Note 7 - Settlement Assets and Liabilities for additional information regarding settlement assets and settlement liabilities.

Supplemental Statement of Cash

Supplemental Statement of Cash Flow Information	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Statement of Cash Flow Information	Supplemental Statement of Cash Flow Information Supplemental statement of cash flow information is as follows: December 31, (In thousands) 2024 2023 2022 Supplemental disclosure of cash flow information: Cash paid for interest 71,999 32,147 24,132 Cash paid for income taxes 24,583 36,247 32,826 Supplemental disclosure of non-cash activities: Payable due to vendor related to equipment and software acquired 2,343 1,964 3,716 Right-of-use assets obtained in exchange for operating lease liabilities 3,920 — — Non-cash investing activities Capital contribution in-kind to investment in equity investee 6,000 — — Trade-in of equipment 2,193 — — Software exchanged for common stock — — 18,761 Goodwill exchanged for common stock — — 5,813 CDs transferred in the acquisition of a business — — 7,169 Non-cash financing activities Payable due to vendor related to licenses acquired — 7,403 — Dividends declared on redeemable non-controlling interests 2,898 — — Non-cash financing and investing activities Common stock received and retired for sale of a business — — 169,249 Common stock exchanged for the acquisition of a business — 37,710 —

Settlement Assets and Liabiliti

Settlement Assets and Liabilities	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Settlement Assets And Liabilities	Settlement Assets and Liabilities The principal components of the Company's settlement assets and liabilities were as follows at December 31: December 31, (In thousands) 2024 2023 Settlement assets Cash and cash equivalents $ 16,410 $ 25,051 Accounts receivables 15,532 26,416 Total settlement assets $ 31,942 $ 51,467 Settlement liabilities Accounts payable $ 32,027 $ 47,620 Total settlement liabilities $ 32,027 $ 47,620

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Current Expected Credit Losses	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Accounts Receivable and Allowance for Current Expected Credit Losses	Accounts Receivable and Allowance for Current Expected Credit Losses Accounts receivable, net consisted of the following: December 31, (In thousands) 2024 2023 Trade $ 138,230 $ 128,403 Other 2,127 2,117 Less: allowance for current expected credit losses (2,856) (4,010) Accounts receivable, net $ 137,501 $ 126,510 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 even though invoices are due 30 days after issuance, governmental customers usually pay within 60 to 90 days after issuance. • 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 historically low, 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 Current Expected Credit Losses The activity in the allowance for current expected credit losses on trade receivables was as follows: (In thousands) December 31, 2024 December 31, 2023 Balance at the beginning of the period $ 4,010 $ 2,159 Current period provision for expected credit losses 921 2,218 Write-offs (2,088) (384) Recoveries of amounts previously written-off 13 17 Balance at the end of the period $ 2,856 $ 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 revenues, exclusive of depreciation and amortization in the consolidated statements of income and comprehensive (loss) income. Subsequent recoveries of amounts previously written-off are credited against the allowance for expected current credit losses within accounts receivable, net on the consolidated balance sheets.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Assets	Prepaid Expenses and Other Assets Prepaid expenses and other assets consisted of the following: December 31, (In thousands) 2024 2023 Prepaid income taxes $ 14,081 $ 16,284 Prepaid cloud computing arrangement fees 9,068 8,686 Software maintenance contracts 8,115 5,606 Contract asset 7,984 11,086 Deferred project costs 7,414 7,747 Taxes, other than income 4,344 2,898 Insurance 2,737 2,702 Postage 2,327 2,269 Guarantee deposits 872 861 Other 4,441 6,565 Prepaid expenses and other assets $ 61,383 $ 64,704

Investment in Equity Investees

Investment in Equity Investees	12 Months Ended
	Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investment in Equity Investees	Investment in Equity Investees Consorcio de Tarjetas Dominicanas, S.A. (“CONTADO”) is one of the largest merchant acquirers and ATM network in the Dominican Republic. The Company uses the equity method of accounting to account for its equity interest in CONTADO. As a result of the acquisition in 2011 of CONTADO’s 19.99% equity interest, the Company calculated an excess cost of the investment in CONTADO over the amount of underlying equity in net assets of approximately $9.0 million, which was mainly attributed to customer relationships, trademark, and goodwill intangibles. The Company’s excess basis allocated to amortizable assets is recognized on a straight-line basis over the lives of the appropriate intangibles. Amortization expense for each of the years ended December 31, 2023 and 2022 amounted to approximately $0.1 million and $0.2 million, respectively, and was recorded within earnings of equity method investments in the consolidated statements of income and comprehensive (loss) incom e. For the year ended December 31, 2024 there is no amortization expense as intangibles were fully amortized in the second quarter of 2023 . The Company recognized $5.0 million, $5.0 million, and $3.0 million as earnings of equity method investment in the consolidated statements of income and comprehensive (loss) income for the years ended December 31, 2024, 2023 and 2022, respectively. For the years ended December 31, 2024, 2023 and 2022 , the Company received $3.4 million, $3.5 million, and $2.1 million respectively, in dividends from CONTADO. In the third quarter of 2023, the Company, through its wholly-owned subsidiary EVERTEC Costa Rica, S.A. ("EVERTEC CR"), entered into an agreement with a corporate partner to jointly develop and provide payment services in the Latin America region. The services will be provided through a newly formed entity which both entities contributed capital to form. The Company has a 21.26% equity interest in the newly formed entity and uses the equity method of accounting to account for this equity interest. During the year ended December 31, 2024, the Company contributed cash and nonfinancial assets amounting to $2.0 million and $6.0 million, respectively. For the year ended December 31, 2023, the Company made cash contributions of $5.5 million. The Company recognized a loss of $0.7 million within earnings of equity method investments in the consolidated statements of income and comprehensive (loss) income for the year ended December 31, 2024 . Both equity method investments' fiscal years end on December 31 and are reported in the consolidated statements of income and comprehensive (loss) income for the period subsequent to the acquisition date on a one-month lag. No significant events occurred in the operations subsequent to November 30, 2024 that would have materially affected the Company’s reported results.

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, Net Property and equipment, net consisted of the following: Useful life December 31, (Dollar amounts in thousands) 2024 2023 Buildings 30 $ 2,105 $ 2,193 Data processing equipment 3 - 5 189,172 187,761 Furniture and equipment 3 - 10 10,413 10,281 Leasehold improvements 5 - 10 5,059 4,876 206,749 205,111 Less—accumulated depreciation and amortization (146,185) (144,117) Depreciable assets, net 60,564 60,994 Land 1,495 1,459 Property and equipment, net $ 62,059 $ 62,453

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The changes in the carrying amount of goodwill, allocated by reporting unit, were as follows: (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Balance at December 31, 2022 $ 160,972 $ 84,289 $ 138,121 $ 40,010 $ 423,392 Goodwill attributable to acquisition — 352,629 — — 352,629 Foreign currency translation adjustments — 15,679 — — 15,679 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) Goodwill attributable to acquisitions — 20,621 — — 20,621 Foreign currency translation adjustments — (84,068) — — (84,068) Balance at December 31, 2024 $ 160,972 $ 387,798 $ 138,121 $ 40,010 $ 726,901 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 estimated fair value of the reporting units is computed using a combination of an income approach and a market approach. The income approach involves projecting the cash flows that the reporting unit is expected to generate and converting these cash flows into a present value equivalent through discounting. Significant estimates and assumptions used in the cash flow projection include, among others, earnings before interest, taxes, depreciation, and amortization (“EBITDA”) margins, and the selection of discount rates. Internal projections are based on the Company’s historical experience and estimated future business performance. The discount rate used is based on the weighted-average cost of capital, which reflects the rate of return expected to be earned by market participants and the estimated cost to obtain long-term debt financing. The market approach estimates the value of a reporting unit by using multiples of revenue and EBITDA based on guideline of publicly traded companies. Valuation using the market approach requires management to make assumptions related to EBITDA multiples. Comparable businesses are selected based on the market in which the reporting units operate, considering size, profitability, and growth. If the fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the fair value does not exceed the carrying value, an impairment loss equaling the excess amount is recorded, limited to the recorded balance of 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 recorded in 2024, 2023 or 2022. Refer to Note 3 - Business Acquisitions and Dispositions

Other Intangible Assets, Net

Other Intangible Assets, Net	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, Net	Other Intangible Assets, Net The carrying amount of other intangible assets consisted of the following: Useful life in years December 31, 2024 (In thousands) Gross Accumulated Net carrying Customer relationships 5 - 20 $ 533,203 $ (374,474) $ 158,729 Trademark 3 - 15 84,008 (48,204) 35,804 Software packages 3 - 10 515,404 (281,550) 233,854 Non-compete agreement 5 3,194 (696) 2,498 Other intangible assets, net $ 1,135,809 $ (704,924) $ 430,885 Useful life in years December 31, 2023 (In thousands) Gross Accumulated Net carrying Customer relationships 8 - 20 $ 568,284 $ (340,952) $ 227,332 Trademark 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 intangibles, including software packages, was $105.5 million, $72.0 million, and $59.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense related to software packages was $39.2 million, $31.3 million, and $25.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. During the year ended December 31, 2022, the Company recorded an impairment loss through cost of revenues The estimated amortization expense of balances outstanding at December 31, 2024 for the next years and thereafter are as follows: (In thousands) 2025 $ 91,674 2026 78,801 2027 66,542 2028 52,343 2029 35,884 Thereafter 105,641

Other Long-Term Assets

Other Long-Term Assets	12 Months Ended
	Dec. 31, 2024
Other Long-Term Assets [Abstract]
Other Long-Term Assets	Other Long-Term Assets Other long-term assets consisted of the following: December 31, (In thousands) 2024 2023 Software maintenance contracts $ 10,037 $ 11,246 Deferred costs 6,860 5,183 Contract assets 3,458 2,830 Guarantees 3,037 5,593 Deferred-issuance costs - revolving credit facility 1,602 2,153 Other long-term assets $ 24,994 $ 27,005

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Debt and Short-Term Borrowings	Debt and Short-Term Borrowings Total debt was as follows: December 31, (In thousands) 2024 2023 2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(2) ) $ 426,602 $ 449,450 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(3) ) 522,327 521,233 Deferred consideration from business combinations 9,895 19,467 Note payable due on September 1, 2030 (1) 6,519 7,403 Total debt $ 965,343 $ 997,553 (1) Net of unaccreted discount and unamortized debt issue costs, as applicable. (2) Subject to minimum rate (“SOFR floor”) of 0.00% plus applicable margin of 2.00% at December 31, 2024 and 1.50% at December 31, 2023. (3) Subject to SOFR floor of 0.50% plus applicable margin of 2.75% at December 31, 2024 and an applicable margin of 3.50% at December 31, 2023. The following table presents contractual principal payments for the next five years and thereafter: (In thousands) 2025 $ 23,867 2026 23,867 2027 381,870 2028 — 2029 — Thereafter 540,000 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 TLA facility and TLB facility. In the fourth quarter of 2023, the Company prepaid $60 million of the outstanding balance on TLB facility. Scheduled Amortization Payments The TLA Facility amortizes in equal quarterly installments at an amount equal to (a) initially, $5,966,720.78 per quarter and (b) for any installment payments to be made in the calendar year ending 2027, $8,950,081.17 per quarter, with the balance payable on the 2022 Credit Facilities Maturity Date. The TLB Facility amortizes in equal quarterly at a rate equal to 1% per calendar year, with the balance payable on the Term Loan B Maturity Date. Any optional prepayments of the Term Loan Facilities can be applied to the remaining installments. The Revolving Credit Facility terminates on the 2022 Credit Facilities Maturity Date, and loans thereunder may be borrowed, repaid and reborrowed prior thereto. Voluntary Prepayments and Reduction and Termination of Commitments Other than as set forth below with respect to the TLB Facility, EVERTEC Group may prepay loans under the Term Loan Facilities and permanently reduce the loan commitments under the Revolving Facility at any time without premium or penalty, subject to compensation for any break funding costs incurred by a lender and timely submission of a notice of prepayment or commitment reduction, as applicable. EVERTEC Group is required to make certain mandatory prepayments of the 2022 Credit Facilities in certain circumstances. Interest With respect to the 2022 Facilities and the Incremental TLA Facility, the interest rates under the Credit Facilities denominated in U.S. Dollars, are based on, at EVERTEC Group’s option (a) the Adjusted Term SOFR, which means SOFR plus 10 basis points, for the Interest Period in effect for such borrowing plus an applicable margin of 1.50% per annum, which applicable margin is subject to four 25 bps step-ups (i.e. 1.75%, 2.00%, 2.25% or 2.50% per annum) based upon the Company’s total net leverage ratio or (b) the ABR plus an applicable margin of 0.50% per annum, which applicable margin is subject to four 25 bps step-ups (i.e. 0.75%, 1.00%, 1.25% or 1.50% per annum) based upon the Company’s total net leverage ratio. Borrowings under the Revolving Facility that are denominated in a currency other than Dollars will bear interest at the Alternative Currency Rate for the Interest Period in effect for such borrowing plus an applicable margin of 1.50% per annum, which applicable margin is subject to four 25 bps step-ups (i.e. 1.75%, 2.00%, 2.25% or 2.50% per annum) based upon the Company’s total net leverage ratio. With respect to the New TLB Facility, the interest rates are based on, at EVERTEC Group’s option (a) the Adjusted Term SOFR, which means SOFR plus 10 basis points, for the Interest Period in effect for such borrowing plus an applicable margin of 2.75% per annum or (b) the ABR plus an applicable margin of 1.75% per annum. Guarantees and Collateral The Credit Facilities are secured by substantially all assets of EVERTEC and its existing and future material subsidiaries (including EVERTEC Group), subject to customary exceptions. EVERTEC and each of EVERTEC’s existing and future material wholly-owned subsidiaries (including EVERTEC Group with respect to the obligations of EVERTEC and its existing and future material wholly-owned subsidiaries (other than EVERTEC Group)), subject to certain customary exceptions, guarantee repayment of the Credit Facilities. In connection with the Credit Agreement, on December 1, 2022, EVERTEC, EVERTEC Group and the subsidiary guarantors party thereto, entered into a Guarantee Agreement (the “Guarantee Agreement”), pursuant to which EVERTEC Group’s obligations under the Credit Facilities and under any cash management, interest rate protection or other hedging arrangements entered into with a lender or any affiliate thereof are guaranteed by EVERTEC and each of EVERTEC’s existing wholly-owned subsidiaries (other than EVERTEC Group) and subsequently acquired or organized subsidiaries, subject to certain exceptions. In addition, on December 1, 2022, EVERTEC, EVERTEC Group and the subsidiaries party thereto, entered into a Collateral Agreement (the “Collateral Agreement”), pursuant to which, subject to certain exceptions, the Credit Facilities are secured, to the extent legally permissible, by substantially all of the assets of (1) EVERTEC, including a perfected pledge of all of the limited liability company interests of EVERTEC Intermediate Holdings, LLC (“Holdings”), (2) Holdings, including a perfected pledge of all of the limited liability company interests of EVERTEC Group and (3) EVERTEC Group and the subsidiary guarantors, including but not limited to: (a) a pledge of substantially all capital stock held by EVERTEC Group or any guarantor and (b) a perfected security interest in substantially all tangible and intangible assets of EVERTEC Group and each guarantor. Covenants The Credit Facilities are subject to customary affirmative and negative covenants. The negative covenants in the Credit Facilities include, among other things, limitations (subject to exceptions) on the ability of EVERTEC and its restricted subsidiaries to: • declare dividends and make other distributions; • redeem or repurchase capital stock; • grant liens; • make loans or investments (including acquisitions); • merge or enter into acquisitions • sell assets; • enter into any sale or lease-back transactions; • incur additional indebtedness; • prepay, redeem or repurchase certain indebtedness; • modify the terms of certain debt; • restrict dividends from subsidiaries; • change the business of EVERTEC or its subsidiaries; and • enter into transactions with their affiliates. In addition, the 2022 Credit Facilities require EVERTEC Group to maintain a maximum total net leverage ratio of 4.50 to 1.00 (i) from March 31, 2023 to September 30, 2024, and 4.00 to 1.00 (ii) thereafter. Events of Default The events of default under the 2022 Credit Facilities include, without limitation, nonpayment, material misrepresentation, breach of covenants, insolvency, bankruptcy, certain judgments, change of control (as defined in the Credit Agreement) and cross-events of default on material indebtedness. The unpaid principal balance at December 31, 2024 of the TLA Facility and TLB Facility were $429.6 million and $540.0 million. The additional borrowing capacity for the Revolving Facility at December 31, 2024 was $193.9 million. The Company issues letters of credit against the Revolving Facility which reduce the additional borrowing capacity of the Revolving Facility. At December 31, 2024 and 2023, there were no borrowings outstanding under the revolving credit 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 December 31, 2024 and December 31, 2023, the unpaid principal balance of these agreements amounted to $9.9 million and $19.5 million, respectively. Obligations bear interest at rates ranging from 6.3% to 13.2% with maturities ranging from January 2025 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 consolidated balance sheet. Notes 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 December 31, 2024, the outstanding principal balance of the note payable on a discounted basis was $6.5 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 consolidated balance sheet. Interest Rate Swaps As of December 31, 2024, the Company has three interest rate swap agreements which convert a portion of the interest rate payments on the Company’s Term Loan Facility 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 consolidated statements of cash flows. Changes in the fair value of the interest rate swaps are recognized in other comprehensive (loss) income until the gains or losses are reclassified to earnings. Gains or losses reclassified to earnings are presented within interest expense in the accompanying consolidated statements of income and comprehensive (loss) income. Swap Amendment Effective date Maturity Date Notional Amount Variable Rate Fixed Rate 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% As of December 31, 2024, the carrying amount of the derivatives included on the Company’s consolidated balance sheets was an asset of $4.3 million and a liability of $1.4 million. As of December 31, 2023, the carrying amount of the derivatives included on the Company's consolidated balance sheets was an asset $4.4 million and a liability of $0.9 million. The fair value of this derivative is estimated using Level 2 inputs in the fair value hierarchy on a recurring basis. During the years ended December 31, 2024, 2023 and 2022, the Company reclassified gains of $8.1 million, gains of $5.6 million and losses of $3.0 million, respectively, from accumulated other comprehensive (loss) income into interest expense. Based on expected SOFR rates, the Company expects to reclassify gains of $1.7 million from accumulated other comprehensive (loss) income into interest expense over the next 12 months. Refer to Note 16 - Financial Instruments and Fair Value Measurements for tabular disclosure of the fair value of derivatives and to Note 19 - Equity for tabular disclosure of gains (losses) recorded on cash flow hedging activities. At December 31, 2024, the cash flow hedges are considered highly effective.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Fair value measurement provisions establish a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. These provisions describe three levels of input that may be used to measure fair value: Level 1: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date. Level 2: Inputs, other than quoted prices included in Level 1, which are observable for the asset or liability through corroboration with market data at the measurement date. Level 3: Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The Company uses observable inputs when available. Fair value is based upon quoted market prices when available. If market prices are not available, the Company may employ models that mostly use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. The Company limits valuation adjustments to those deemed necessary to ensure that the financial instrument’s fair value adequately represents the price that would be received or paid in the marketplace. Valuation adjustments may include consideration of counterparty credit quality and liquidity as well as other criteria. The estimated fair value amounts are subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in estimating fair value could affect the results. The fair value measurement levels are not indicative of risk of investment. The fair value of financial instruments is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value estimates are made at a specific point in time based on the type of financial instrument and relevant market information. Many of these estimates involve various assumptions and may vary significantly from amounts that could be realized in actual transactions. Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes fair value measurements by level at December 31, 2024 and 2023, for assets and liabilities measured at fair value on a recurring basis: (In thousands) Level 2 Level 3 Measured at NAV Total December 31, 2024 Financial assets: Debt securities AFS $ 1,807 $ — $ — $ 1,807 Equity securities — — 4,976 4,976 Interest rate swap 4,338 — — 4,338 Financial liabilities: Interest rate swaps 1,351 — — 1,351 December 31, 2023 Financial assets: Debt securities AFS 2,095 — — 2,095 Equity securities 6,447 2,966 — 9,413 Interest rate swaps 4,385 — — 4,385 Financial liabilities: Interest rate swap 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. During the years ended December 31, 2024 and 2023, the Company acquired $0.8 million and $1.0 million, respectively, in available-for-sale debt securities. Debt securities amounting to $1.1 million and $1.0 million matured during 2024 and 2023, respectively. No debt securities were sold during the years ended December 31, 2024 and 2023. A provision for credit losses was not required for either December 31, 2024 or 2023. Debt securities that mature in less than 12 months are included in Prepaid and other assets on the consolidated balance sheet. 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 derivative instrument is determined using a standard valuation model. The significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2. Inputs used in these standard valuation models for derivative instruments include the applicable forward rates and discount rates. The discount rates are based on the historical SOFR swap rates. 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 year ended December 31, 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 in the consolidated statements of income and comprehensive (loss) income . At December 31, 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 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 December 31, 2024 $ — There were no transfers in or out of Level 3 during the years ended December 31, 2024 or December 31, 2023. Equity Securities Measured at Net Asset Value (NAV) At December 31, 2024, the Company holds mutual funds classified as equity securities on the Company's 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, as applicable, and estimated fair values for financial assets and liabilities at December 31, 2024 and 2023: December 31, 2024 2023 (In thousands) Carrying Fair Carrying Fair Financial liabilities: 2027 Term A Loan Facility 426,602 433,890 449,450 452,337 2030 Term B Loan Facility 522,327 545,400 521,233 539,325 The fair values of the term loans at December 31, 2024 and 2023 were obtained using the prices provided by third-party service providers. Their pricing is based on various inputs such as market quotes, recent trading activity in a non-active market or imputed prices. These inputs are considered Level 3 inputs under the fair value hierarchy. Also, the pricing may include the use of an algorithm that could take into account movements in the general high yield market, among other variants. The secured term loans are not measured at fair value in the balance sheet.

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other Long-Term Liabilities As of December 31, 2024, other long-term liabilities mainly consist of an uncertain tax position of $5.1 million, long-term portion of notes payable of $6.5 million, deferred consideration for business combinations of $5.5 million, estimated liabilities of $6.5 million and other long-term liabilities of $3.9 million. As of December 31, 2023, other long-term liabilities mainly consist of an uncertain tax position of $2.2 million, long-term portion of notes payable of $7.4 million, deferred consideration for business combinations of $15.7 million, estimated liabilities of $13.9 million and other long-term liabilities of $0.9 million.

Redeemable Non-controlling Inte

Redeemable Non-controlling Interests	12 Months Ended
	Dec. 31, 2024
Redeemable Noncontrolling Interest [Abstract]
Redeemable Non-controlling Interests	Redeemable Non-controlling Interests At December 31, 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 net sales dependent upon EBITDA margin attained plus net debt 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 working capital, 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 options, the Company has classified the RNCI as mezzanine equity on the Company's 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 as of December 31, 2024: (In thousands) Redeemable noncontrolling interests Balance at December 31, 2023 $ 36,968 Net income attributable non-controlling interests 2,535 Adjustment of redeemable non-controlling interests to redemption value 6,596 Distributions from redeemable non-controlling interests (294) Dividends declared on redeemable non-controlling interests (2,898) Foreign currency translation adjustments 553 Balance at December 31, 2024 $ 43,460 The following table presents changes in RNCI as of December 31, 2023: (In thousands) Redeemable noncontrolling interests Balance at November 1, 2023 (Acquisition date) $ 39,340 Net income from redeemable non-controlling interests 365 Dividends declared on redeemable non-controlling interests (2,737) Balance at December 31, 2023 $ 36,968 For the period ended December 31, 2023, there were no changes to the redemption value of RNCI.

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Equity	Equity The Company is authorized to issue up to 206,000,000 shares of common stock of $0.01 par value. At December 31, 2024 and 2023, the Company had 63,614,077 and 65,450,799 shares outstanding, respectively. The Company is also authorized to issue 2,000,000 shares of $0.01 par value preferred stock. As of December 31, 2024 and 2023, no shares of preferred stock have been issued. On September 12, 2023, the Company formally registered a Brazilian Depositary Receipts program with the Brazilian securities and exchange commission, in order to have securities backed by Evertec shares trading in the B3, the Brazilian stock exchange. At December 31, 2024 and 2023, the Company had 1,164,592 shares trading in the B3. Stock Repurchase In 2024, 2023 and 2022, the Company repurchased a total of 2.4 million, 1.0 million, and 2.8 million shares, respectively, at a cost of $82.3 million, $36.1 million and $96.6 million, respectively. The Company funded such repurchases with cash on hand and borrowings from the existing revolving credit facility. All repurchased shares in the years ended December 31, 2024, 2023 and 2022 were retired. Dividends The Company pays a regular quarterly dividend on common stock, subject to the declaration thereof by the Board of Directors (“Board”) each quarter. Any declaration and payment of future dividends to holders of the common stock will be at the discretion of the Board and will depend on many factors, including the financial condition, earnings, available cash, business opportunities, legal requirements, restrictions in our debt agreements and other contracts, capital requirements, level of indebtedness and other factors that the Board deems relevant. The Company’s dividend activity in 2024 and 2023 was as follows: Declaration Date Record Date Payment Date Dividend per share February 15, 2024 February 27, 2024 March 15, 2024 0.05 April 18, 2024 April 29, 2024 June 7, 2024 0.05 July 18, 2024 July 29, 2024 September 6, 2024 0.05 October 17, 2024 October 28, 2024 December 6, 2024 0.05 February 16, 2023 February 28, 2023 March 17, 2023 0.05 April 20, 2023 May 1, 2023 June 2, 2023 0.05 July 20, 2023 July 31, 2023 September 1, 2023 0.05 October 19, 2023 October 30, 2023 December 1, 2023 0.05 Accumulated Other Comprehensive (Loss) Income The following table provides a summary of the changes in the balances comprising accumulated other comprehensive (loss) income for the years ended December 31, 2024 and 2023: Foreign Currency Cash Flow Hedge Unrealized Gains on Debt Securities AFS Total Balance - December 31, 2022, net of tax $ (23,481) $ 6,954 $ 41 $ (16,486) Other comprehensive income (loss) before reclassifications 38,328 1,932 (15) 40,245 Effective portion reclassified to net income — (5,550) — (5,550) Balance - December 31, 2023, net of tax 14,847 3,336 26 18,209 Other comprehensive (loss) income before reclassifications (152,851) 8,008 (7) (144,850) Effective portion reclassified to net income — (8,082) — (8,082) Balance - December 31, 2024, net of tax $ (138,004) $ 3,262 $ 19 $ (134,723)

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 31, 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, 2026 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 the nonvested RSUs activity for the years ended December 31, 2024, 2023 and 2022: Nonvested RSUs Shares Weighted average Nonvested at December 31, 2021 1,086,329 $ 34.73 Granted 709,350 41.90 Vested (421,764) 33.02 Forfeited (10,135) 37.66 Nonvested at December 31, 2022 1,363,780 38.96 Granted 1,072,494 37.53 Vested (608,800) 36.92 Forfeited (28,462) 39.46 Nonvested at December 31, 2023 1,799,012 39.42 Granted 1,161,455 36.76 Vested (791,833) 39.25 Forfeited (164,370) 36.01 Nonvested at December 31, 2024 2,004,264 $ 38.71 Share-based compensation recognized was as follows: Years ended December 31, (In thousands) 2024 2023 2022 Share-based compensation recognized, net RSUs $ 30,275 $ 25,732 $ 19,956 The maximum unrecognized cost for restricted stock units was $38.1 million as of December 31, 2024. The cost is expected to be recognized over a weighted average period of 1.9 years.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit Plan EVERTEC, Inc. Puerto Rico Savings and Investment plan (“the EVERTEC Savings Plan”) was established in 2010, as a defined contribution savings plan qualified under section 1165(e) of the Puerto Rico Internal Revenue Code. Investments in the plan are participant directed, and employer matching contributions are determined based on specific provisions of the EVERTEC Savings Plan. Employees are fully vested in the employer’s contributions after five years of service. For the years ended December 31, 2024, 2023 and 2022, the costs incurred under the plan amounted to approximately $1.4 million, $1.4 million and $1.1 million, respectively.

Total Other Income (Expenses)

Total Other Income (Expenses)	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Total Other Income (Expenses)	Total Other Income (Expenses) For the year ended December 31, 2024, other income (expenses) For the year ended December 31, 2023, other income (expenses) is primarily comprised of $3.6 million in realized gains on foreign currency transactions, a $1.4 million loss on extinguishment of debt and a $1.2 million loss on change in fair value of equity securities. For the year ended December 31, 2022, other income (expenses) is primarily comprised of $2.4 million in realized gains on foreign transactions and $1.3 million loss on extinguishment of debt.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Tax	Income Tax EVERTEC Group and Holdings are Puerto Rico limited liability companies that are treated as partnerships that are pass-through entities for Puerto Rico tax purposes, therefore, taxable income flows through to EVERTEC, Inc. EVERTEC Group, Holdings and EVERTEC, Inc. entered into a Tax Payment Agreement pursuant to which EVERTEC Group is required to make certain payments to Holdings or EVERTEC, Inc. for taxable periods or portions thereof occurring on or after April 17, 2012 (the “Effective Date”). Under the Tax Payment Agreement, EVERTEC Group will make payments with respect to any and all taxes (including estimated taxes) imposed under the laws of Puerto Rico, the United States of America and any other jurisdiction or any political (including municipal) subdivision or authority or agency in Puerto Rico, the United States of America or such other jurisdiction, that would have been imposed on EVERTEC Group if EVERTEC Group had been a corporation for tax purposes of that jurisdiction, together with all interest and penalties with respect thereto (“Taxes”), reduced by taking into account any applicable net operating losses or other tax attributes of Holdings or EVERTEC, Inc. that reduce Holdings’ or EVERTEC, Inc.’s taxes in such period. The Tax Payment Agreement provides that the payments thereunder shall not exceed the net amount of Taxes that Holdings and EVERTEC, Inc. actually owe to the appropriate taxing authority for a taxable period. Further, the Tax Payment Agreement provides that if Holdings or EVERTEC, Inc. receives a tax refund attributable to any taxable period or portion thereof occurring on or after the Effective Date, EVERTEC, Inc. shall be required to recalculate the payment for such period required to be made by EVERTEC Group to Holdings or EVERTEC, Inc. If the payment, as recalculated, is less than the amount of the payment EVERTEC Group already made to Holdings or EVERTEC, Inc. in respect of such period, Holdings or EVERTEC, Inc. shall promptly make a payment to EVERTEC Group in the amount of such difference. The components of income tax expense consisted of the following: Years ended December 31, (In thousands) 2024 2023 2022 Current tax provision $ 31,573 $ 21,621 $ 29,418 Deferred tax benefit (26,726) (16,144) (435) Income tax expense $ 4,847 $ 5,477 $ 28,983 The Company conducts operations in Puerto Rico 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 and its segregation based on location of operations: Years ended December 31, (In thousands) 2024 2023 2022 Income before income tax provision Puerto Rico $ 94,287 $ 64,096 $ 246,049 United States 683 627 273 Foreign countries 24,656 20,630 21,530 Total income before income tax provision $ 119,626 $ 85,353 $ 267,852 Current tax provision Puerto Rico $ 6,055 $ 3,187 $ 9,096 United States 270 141 389 Foreign countries 25,248 18,293 19,933 Total current tax provision $ 31,573 $ 21,621 $ 29,418 Deferred tax (benefit) provision Puerto Rico $ (13,775) $ (9,991) $ 4,564 United States 33 54 6 Foreign countries (12,984) (6,207) (5,005) Total deferred tax benefit $ (26,726) $ (16,144) $ (435) Taxes payable to foreign countries by EVERTEC’s subsidiaries will be paid by such subsidiary and the corresponding liability and expense will be presented in EVERTEC’s consolidated financial statements. As of December 31, 2024 and 2023, the Company had $165.2 million and $137.0 million of unremitted earnings from foreign subsidiaries, respectively. 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. The amount of the unrecognized deferred tax liability depends on judgment required to analyze the withholding tax due, the applicable tax law and factual circumstances in effect at the time of any such distributions. EVERTEC believes it is not practicable at this time to reliably determine the amount of unrecognized deferred tax liability related to the Company’s undistributed earnings. If circumstances change and it becomes apparent that some or all of the undistributed earnings of a subsidiary will be remitted, and income taxes have not been recognized by the parent entity, the parent entity shall accrue as an expense of the current period income taxes attributable to that remittance. On October 19, 2012, EVERTEC Group was granted a tax exemption under the Tax Incentive Act No. 73 of 2008. Under this grant, EVERTEC Group will benefit from a preferential income tax rate on industrial development income, as well as from tax exemptions with respect to its municipal and property tax obligations for certain activities derived from its data processing operations in Puerto Rico. The grant has a term of 15 years effective as of January 1, 2012 with respect to income tax obligations and January 1, 2013 with respect to municipal and property tax obligations. Industrial development income under this grant is subject to a preferential rate of 4%. The grant contains customary commitments, conditions, and representations that EVERTEC Group will be required to comply with in order to maintain the grant. The more significant commitments include: (i) maintaining at least 700 employees in EVERTEC Group's Puerto Rico data processing operations, (ii) investing at least $200.0 million in building, machinery, equipment or computer programs to be used in Puerto Rico during the effective term of the grant (to be made over four-year capital investment cycles in $50.0 million increments); and (iii) 80% of EVERTEC Group employees must be residents of Puerto Rico. Failure to meet the requirements could result, among other things, in reductions of the benefits of the grant or revocation of the grant in its entirety, which could result in EVERTEC, Inc. paying additional taxes or other payments relative to what would be required to pay to other municipal agencies if the full benefits of the grant are not available. On October 11, 2011, Evertec Group was granted a tax exemption under Tax Incentive Law No. 73 of 2008, retroactively to December 1, 2009. Under this grant, activities derived from consulting and data processing services provided outside Puerto Rico are subject to a preferred rate that declines gradually from 7% to 4% by December 1, 2013. After this date, the rate remains at 4% until its expiration on November 30, 2024. In November 2024, prior to the expiration of the grant, EVERTEC submitted a request for renovation of the tax exemption decree under the current Puerto Rico Incentives Code, Act 60. In addition, in August 2018, the Puerto Rico Industrial Development Company approved the requested extension of a grant under Tax Incentive Law No. 135 of 1997 for EVERTEC Group. Under this grant, activities derived from certain development and installation service in excess of a determined income are subject to a fixed tax rate of 10% for a 10-year period from January 1, 2018. The following table presents the components of the Company’s deferred tax assets and liabilities: December 31, (In thousands) 2024 2023 Deferred tax assets (“DTA”) Allowance for doubtful accounts $ 201 $ 430 Unearned income 8,628 6,426 Lease liability 1,324 1,940 Share-based compensation 2,785 2,442 Accrued liabilities 9,419 10,255 Net operation losses 43,219 33,689 Other 3,439 5,664 Total gross deferred tax assets 69,015 60,846 Deferred tax liabilities (“DTL”) Capitalized salaries 2,486 2,514 Difference between the assigned values and the tax basis of assets and liabilities recognized in business combinations 67,298 89,582 Right of use asset 1,290 1,716 Amortization of tax goodwill on business combination 5,193 1,808 Other 3,682 5,296 Total gross deferred tax liabilities 79,949 100,916 Deferred tax liability, net $ (10,934) $ (40,070) As of December 31, 2024 and 2023, the net deferred tax liability and asset amounted to $5.6 million and $35.5 million, respectively, with a valuation allowance of approximately $5.3 million and $4.6 million, respectively, included as part of other deferred tax assets, for a net deferred tax liability after valuation allowance of approximately $10.9 million and $40.1 million, respectively. Pursuant to the provision of the PR Code, net operating losses (“NOL”) can be carried forward for a period of seven, ten or twelve taxable years, depending on the taxable year generated. Act 72 of May 29, 2015, limited the amount of NOLs deduction to 80% for regular tax and 70% for alternative minimum tax (“AMT”) for taxable years commencing after December 31, 2014. However, Act 257 of 2018 limits the deduction of NOLs to 90% for regular tax for tax years commencing after December 31, 2018. In the case of a partner's distributive share of partnership loss, including capital loss, it is limited to the adjusted basis of their interest in the partnership at the end of the partnership year in which the loss occurred. If a partner's share of the loss exceeds their adjusted basis, the excess loss is not deductible in the current year. Instead, this excess loss can be carried forward and deducted in future years when the partner's adjusted basis increases, typically through additional contributions to the partnership or through partnership income. At December 31, 2024, the Company has $65.0 million and $68.5 million in NOL carryforwards related to Puerto Rico industrial development income, United States and foreign countries, respectively, available to offset future eligible income. The NOL balance as of December 31, 2024 expires as follows: (In thousands) 2028 $ 109 2029 1,657 2030 2,926 2031 3,430 2032 2,219 2033 1,724 2034 4,486 2035 520 Indefinitely 115,667 The Company recognizes the benefit of uncertain tax positions (“UTPs”) only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The following is a tabular reconciliation of the total amounts of UTPs: Years ended December 31, (In thousands) 2024 2023 2022 Balance, beginning of year $ 5,902 $ 1,480 $ 3,951 Gross increases—tax positions in prior period — 70 62 Gross decreases—tax positions in prior period (758) — (35) Gross increases—tax positions in current period — 4,996 — Lapse of statute of limitations (2,290) (644) (2,498) Balance, end of year $ 2,854 $ 5,902 $ 1,480 As of December 31, 2024, 2023 and 2022, approximately $2.9 million, $5.9 million and $1.5 million, respectively, would have affected the Company’s effective income tax rate, if recognized. The Company recognizes interest and penalties related to UTB as part of income tax expense. During the years ended December 31, 2024, 2023 and 2022, the Company recognized an income tax expense of $0.7 million, $0.8 million and $0.2 million, respectively, related to interest and penalties. The amount accrued for interest and penalties at December 31, 2024 and 2023 was $2.9 million and $5.6 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 $2.3 million in the next 12 months as a result of the statute of limitations. In connection with tax return examinations, contingencies can arise that generally result from different interpretations of tax laws and regulations as they pertain to the amount, timing or inclusion of revenues and expenses in taxable income, or the ability to utilize tax credits to reduce income taxes payable. While it is probable, based on the potential outcome of the Company’s Puerto Rico and foreign tax examinations or the statute of limitations for specific jurisdictions, that the liability for UTBs may increase or decrease within the next twelve months, the Company does not expect any such change would have a material effect on our financial condition, results of operations or cash flow. The Company and its subsidiaries are subject to Puerto Rico income tax as well as income tax of multiple foreign jurisdictions. A significant majority of the income tax is from Puerto Rico and Costa Rica, while certain entities in Brazil have tax benefits resulting from the amortization of goodwill and other intangible assets for tax purposes. The income tax returns for 2020, 2021, 2022, and 2023 are currently open for examination for these jurisdictions, while 2014 and 2015 2018 and 2019 is also open for examination for Costa Rica Puerto Rico, and 2019 for Brazil. The income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate of 37.5% to the income before income taxes as a result of the following: Years ended December 31, (In thousands) 2024 2023 2022 Computed income tax at statutory rates $ 44,859 $ 32,007 $ 100,445 Differences in tax rates due to multiple jurisdictions 4,823 4,038 3,347 Excess tax benefits on share-based compensation (502) (81) 348 Effect of income subject to tax-exemption grant (43,808) (30,123) (34,638) Effect of the gain on sale of a business — — (39,645) Unrecognized tax (benefit) expense (3,492) (1,083) (3,438) Tax credits for research and development activities — (884) — Valuation allowance — 2,194 — Other, net 2,967 (591) 2,564 Income tax expense $ 4,847 $ 5,477 $ 28,983

Net Income Per Common Share

Net Income Per Common Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income Per Common Share The reconciliation of the numerator and the denominator of the earnings per common share is as follows: Years ended December 31, ( Dollar amounts in thousands, except share and per share data) 2024 2023 2022 Net income available to EVERTEC, Inc.'s common shareholders $ 112,620 $ 79,722 $ 239,009 Weighted average common shares outstanding 64,286,725 64,932,114 68,701,434 Weighted average potential dilutive common shares (1) 790,810 882,203 611,283 Weighted average common shares outstanding—assuming dilution 65,077,535 65,814,317 69,312,717 Net income per common share—basic $ 1.75 $ 1.23 $ 3.48 Net income per common share—diluted $ 1.73 $ 1.21 $ 3.45 (1) Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method. Refer to Note 19 - Equity for a detail of dividends declared and paid during 2024 and 2023.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 or financial condition 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 for such legal proceedings. However, the Company at this time believes that any loss related to these latter claims will not be material. Leases The Company has operating leases for certain office facilities, buildings, telecommunications and other equipment; and finance leases for certain equipment. The Company’s lease contracts have remaining terms ranging from 1 year to 5 years, some of which may include options to extend the leases for up to 5 years, and some which may include the option to terminate the lease within 1 year. Total lease cost consisted of the following: Years ended December 31, (in thousands) 2024 2023 Operating lease cost $ 7,821 $ 7,273 Variable lease cost 2,943 2,910 Total lease costs $ 10,764 $ 10,183 Other Balance Sheet information related to operating leases was as follows: December 31, (In thousands) 2024 2023 Right-of-use assets obtained in exchange for operating lease obligations $ 3,920 $ 7,176 Weighted average remaining lease term, in years 3 3 Weighted average discount rate 3.8% 0.9% The following table presents the balance of Operating lease obligations: December 31, (In thousands) 2024 2023 Operating lease liability - current $ 6,229 $ 6,693 Operating lease liability - long-term 4,924 9,033 Total operating lease liabilities $ 11,153 $ 15,726 Future minimum operating lease payments at December 31, 2024 were as follows: (In thousands) 2025 8,177 2026 3,408 2027 2,568 2028 1,186 2029 193 Thereafter 12 Total future minimum lease payments 15,544 Less: imputed interest (4,391) Total $ 11,153

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has four operating and reportable segments: Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions based upon organization of the Company by the nature of products and services provided to customers and geography. The Payment Services - Puerto Rico & Caribbean segment revenues are comprised 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 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 payment 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 revenues 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, managed services and managed security services, 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. The Company’s Chief Operating Decision Maker ("CODM") is the President and Chief Executive Officer (“CEO”). The CODM uses revenue and Adjusted EBITDA to evaluate segment performance and allocate resources, and regularly reviews performance at the segment level against budget and forecast when making decisions about the allocation of resources to each segment. Adjusted EBITDA reviewed by the CODM is calculated 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 non-cash 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 used by the CODM for purposes of evaluating performance and allocating resources. Expense information that is regularly provided to the CODM on a consolidated financial statement basis include personnel costs, professional fees, equipment expenses and cost of sales, adjusted primarily for the impact of share-based compensation, restructuring related expenses, and fees and expenses from corporate transactions such as M&A activity and financing. The Company does not report assets or other balance sheet information to the CODM on a segment basis as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on this information. No segment expense information is regularly provided to the CODM and therefore the Company does not report significant segment expenses. The following tables set forth information about the Company’s operations by its four reportable segments for the periods indicated: December 31, 2024 (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Reportable Segments Total revenues $ 139,343 $ 281,668 $ 180,500 $ 243,975 $ 845,486 Intersegment revenues 75,406 21,116 — — 96,522 Total segment revenues (1) 214,749 302,784 180,500 243,975 942,008 Less: Other segment items (2) (93,359) (223,103) (107,868) (141,306) (565,636) Segment Adjusted EBITDA $ 121,390 $ 79,681 $ 72,632 $ 102,669 $ 376,372 (1) Total segment revenues include intersegment revenues eliminated on a consolidated basis. Intersegment revenue eliminations predominantly reflect the $57.6 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $21.1 million from Latin America Payments and Solutions to Payment Services-Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $17.8 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA. December 31, 2023 (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Reportable Segments Total revenues $ 135,973 $ 169,410 $ 162,366 $ 226,960 $ 694,709 Intersegment revenues 67,259 17,093 — — 84,352 Total segment revenues (1) 203,232 186,503 162,366 226,960 779,061 Less: Other segment items (2) (84,966) (126,345) (101,374) (140,080) (452,765) Segment Adjusted EBITDA $ 118,266 $ 60,158 $ 60,992 $ 86,880 $ 326,296 (1) Total segment revenues include intersegment revenues eliminated on a consolidated basis. Intersegment revenue eliminations predominantly reflect the $52.9 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $17.1 million from Latin America Payments and Solutions to Payment Services-Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $14.3 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA. December 31, 2022 (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Reportable Segments Total revenues $ 118,261 $ 113,764 $ 151,085 $ 235,299 $ 618,409 Intersegment revenues 60,220 14,457 — — 74,677 Total segment revenues (1) 178,481 128,221 151,085 235,299 693,086 Less: Other segment items (2) (77,621) (85,614) (87,478) (134,731) (385,444) Segment Adjusted EBITDA $ 100,860 $ 42,607 $ 63,607 $ 100,568 $ 307,642 (1) Total segment revenues include intersegment revenues eliminated on a consolidated basis. Intersegment revenue eliminations predominantly reflect the $49.5 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $14.5 million from Latin America Payments and Solutions to Payment Services-Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $10.7 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA. The reconciliation of Segment Adjusted EBITDA to consolidated income before income taxes is as follows: Years ended December 31, (In thousands) 2024 2023 2022 Segment Adjusted EBITDA $ 376,372 $ 326,296 $ 307,642 Elimination of intersegment revenues (96,522) (84,352) (74,677) Other corporate expenses (1) 60,378 50,027 43,155 Compensation and benefits (2) (31,644) (29,312) (20,335) Transaction, refinancing and other fees (3) 4,217 (53,545) 118,860 Earnings of equity method investments, net of dividends received 1,270 1,945 1,121 Loss on foreign currency remeasurement (4) (5,198) (8,276) (7,645) Interest income 13,332 8,512 3,121 Interest expense (74,733) (32,321) (24,772) Depreciation and amortization (127,846) (93,621) (78,618) Income before income taxes $ 119,626 $ 85,353 $ 267,852 (1) The other corporate expenses category consists of corporate overhead expenses and other non-operating expenses that are not included in the reportable segment, as well as intersegment eliminations. (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. The geographic information below is classified based on the geographic location of the Company’s subsidiaries: Years ended December 31, (In thousands) 2024 2023 2022 Revenues (1) Puerto Rico $ 543,568 $ 505,246 $ 481,676 Caribbean 20,250 20,053 22,969 Latin America 281,668 169,410 113,764 Total Revenues $ 845,486 $ 694,709 $ 618,409 (1) Revenues are based on subsidiaries’ country of domicile. Major customers The Company has revenue concentration with Popular, revenues as a percentage of total revenues, were 31% , 35% and 39%, for the years ended December 31, 2024, 2023 and 2022, respectively. The Company’s next largest customer, the Government of Puerto Rico, consolidating all individual agencies and public corporations, represented 5%, 7%, and 7% of the Company’s total revenues for the years ended December 31, 2024, 2023 and 2022, respectively. Revenues related to Popular and the Government of Puerto Rico are both related to the Payment Services - Puerto Rico & Caribbean and Business Solutions segments. Long-lived assets Long-lived assets, excluding goodwill and other intangible assets, by location as of December 31, 2024 and 2023 were as follows: Years ended December 31, (In thousands) 2024 2023 Puerto Rico $ 44,563 $ 43,627 Latin America 17,496 18,826 Total Property and equipment, net $ 62,059 $ 62,453

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 20, 2025, 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 March 21, 2025 to stockholders of record as of the close of business on March 3, 2025. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to Board's approval and may be adjusted as business needs or market conditions change.

Condensed Financial Statements

Condensed Financial Statements Parent Company Only	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Statements Parent Company Only	Condensed Financial Statements Parent Company Only Condensed Balance Sheets December 31, (In thousands) 2024 2023 Assets Current assets: Cash $ 1,683 $ 2,118 Prepaid expenses and other assets 17 5,908 Total current assets 1,700 8,026 Investment in subsidiaries, at equity 482,665 617,025 Deferred tax asset, net 22,934 8,640 Total assets $ 507,299 $ 633,691 Liabilities and stockholders’ equity Current liabilities: Accrued liabilities $ 280 $ 374 Accounts payable 34,335 39,024 Income tax payable 160 — Total liabilities $ 34,775 $ 39,398 Stockholders’ equity: Common stock 636 654 Additional paid-in capital 7,003 36,527 Accumulated earnings 599,608 538,903 Accumulated other comprehensive (loss) income, net of tax (134,723) 18,209 Total stockholders’ equity 472,524 594,293 Total liabilities and stockholders’ equity $ 507,299 $ 633,691 Condensed Statements of Income and Comprehensive (Loss) Income Years ended December 31, (In thousands) 2024 2023 2022 Non-operating income (expenses) Equity in earnings of subsidiaries $ 100,545 $ 71,600 $ 72,549 Interest income 592 497 290 Other expenses (2,037) (1,956) 166,745 Income before income taxes 99,100 70,141 239,584 Income tax (expense) benefit (13,520) (9,581) 575 Net income 112,620 79,722 239,009 Other comprehensive (loss) income, net of tax Foreign currency translation adjustments (152,851) 38,328 12,490 (Loss) gain on cash flow hedges (74) (3,618) 19,215 Unrealized loss on change in fair value of debt securities available-for-sale (7) (15) (68) Total comprehensive (loss) income $ (40,312) $ 114,417 $ 270,646 Condensed Statements of Cash Flows Years ended December 31, (In thousands) 2024 2023 2022 Cash flows from operating activities $ 104,701 $ 55,515 $ 116,052 Cash flows from financing activities Dividends paid (12,873) (13,025) (13,772) Repurchase of common stock (82,293) (36,096) (96,595) Withholding taxes paid on share-based compensation (9,970) (5,956) (5,685) Net cash used in financing activities (105,136) (55,077) (116,052) Net change in cash (435) 438 — Cash at beginning of the period 2,118 1,680 1,680 Cash at end of the period $ 1,683 $ 2,118 $ 1,680

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 112,620	$ 79,722	$ 239,009

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan. We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF). This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use the NIST CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. Key elements of our cybersecurity risk management program include but are not limited to: • risk assessments designed to help identify material cybersecurity risks to our critical systems, information, and digital assets; • a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents; • the use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security processes; • cybersecurity awareness training of our employees, incident response personnel, senior management and our Board of Directors; • a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; and • a third-party risk management process for service providers, suppliers, and vendors, based on their critically and risk profile. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected us, including our operations, business strategy, results of operations, or financial condition. We face certain ongoing risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. See "Risk Factors— We rely on our information technology systems, employees and certain suppliers and counterparties, and certain failures or disruptions in those systems or chains could materially adversely affect our operations. "
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Information Technology Committee (the "IT Committee") oversight of cybersecurity and other information technology risks, which includes, among others things: • oversight of IT and cybersecurity related risks with regard to the Company’s IT platforms and investments; • advising and making recommendations to the Board regarding the state of the Company’s cybersecurity preparedness, including review of the threat landscape facing the Company; and • monitoring and evaluating the effectiveness of IT security and cybersecurity protocols within the Company, including disaster recover capabilities. The IT Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the IT Committee, as necessary, regarding any significant cybersecurity incidents.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Information Technology Committee (the "IT Committee") oversight of cybersecurity and other information technology risks, which includes, among others things: • oversight of IT and cybersecurity related risks with regard to the Company’s IT platforms and investments; • advising and making recommendations to the Board regarding the state of the Company’s cybersecurity preparedness, including review of the threat landscape facing the Company; and • monitoring and evaluating the effectiveness of IT security and cybersecurity protocols within the Company, including disaster recover capabilities.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Information Technology Committee (the "IT Committee") oversight of cybersecurity and other information technology risks, which includes, among others things: • oversight of IT and cybersecurity related risks with regard to the Company’s IT platforms and investments; • advising and making recommendations to the Board regarding the state of the Company’s cybersecurity preparedness, including review of the threat landscape facing the Company; and • monitoring and evaluating the effectiveness of IT security and cybersecurity protocols within the Company, including disaster recover capabilities. The IT Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the IT Committee, as necessary, regarding any significant cybersecurity incidents. Board members receive presentations on cybersecurity topics. For example, February 2024, the full Board held a cybersecurity tabletop exercise to help prepare to respond to a cyberattack or other security incident. Our management team, including our Chief Information Security Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our Chief Information Security Officer experience includes approximately 18 years in different information security roles, including recent roles as Chief Information Security Officer of Unum and Deputy Chief Information Security Officer of MasterCard.
Cybersecurity Risk Role of Management [Text Block]	Our management team, including our Chief Information Security Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our Chief Information Security Officer experience includes approximately 18 years in different information security roles, including recent roles as Chief Information Security Officer of Unum and Deputy Chief Information Security Officer of MasterCard.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our management team, including our Chief Information Security Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our Chief Information Security Officer experience includes approximately 18 years in different information security roles, including recent roles as Chief Information Security Officer of Unum and Deputy Chief Information Security Officer of MasterCard.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our Chief Information Security Officer experience includes approximately 18 years in different information security roles, including recent roles as Chief Information Security Officer of Unum and Deputy Chief Information Security Officer of MasterCard.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security personnel; threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in the IT environment.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 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 and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 26 countries in the region. EVERTEC owns and operates the ATH network, which we believe is one of the leading personal identification number (“PIN”) debit networks in the Caribbean and Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing and cash processing in Puerto Rico and technology outsourcing in 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, enabling them to issue, process and accept transactions securely.
Basis of consolidation	Basis of consolidation The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), and present the consolidated financial position, income, stockholders' equity, and cash flows of EVERTEC and its consolidated subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. Certain amounts from prior periods have been reclassified to conform to the current period presentation.
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 consolidated statements of cash flows. In connection with this change, the Company reclassified comparative amounts for the years ended December 31, 2023 and December 31, 2022. 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 consolidated balance sheet, the consolidated statement of income and comprehensive (loss) income or on the consolidated statement of changes in stockholders’ equity.
Use of Estimates	Use of Estimates The preparation of the accompanying consolidated financial statements requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Due to the inherent uncertainty involved with estimates actual results may differ.
Revenue Recognition	Revenue Recognition The Company’s revenue recognition policy follows the guidance from Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, which provides guidance on the recognition, presentation, and disclosure of revenue from contracts with customers. At contract inception, the Company evaluates whether the contract (i) is legally enforceable; (ii) approved by both parties; (iii) properly defines rights and obligations of the parties, including payment terms; (iv) has commercial substance; and (v) collection of substantially all consideration entitled is probable, before proceeding with the assessment of revenue recognition. If any of these requirements is not met, the contract does not exist for purposes of the model and any consideration received is recorded as a liability. A reassessment may be performed at a later date upon change in facts and circumstances. The Company also evaluates if contracts issued within a period of 6 months with the same customer should be accounted for as a single contract. The Company’s contracts with customers may be modified through amendments, change requests or waivers. Upon receipt, modifications of contracts with customers are evaluated to determine if these must be accounted for: (i) as a separate contract, (ii) a cumulative catch-up, or (iii) as a termination and creation of a new contract. Contract modifications must also comply with the requirements to determine if a contract with a customer exists for accounting purposes. To identify performance obligations within contracts with customers, the Company first identifies all the promises in the contract (i.e., explicit and implicit). This includes the customer’s options to acquire additional goods or services for free or at a discount in exchange for an upfront payment. The Company then assesses if each material good or service (or bundle of goods or services) is distinct in nature and is capable of being distinct in the context of the contract. A distinct good or service (or bundle of goods or services) constitutes a performance obligation. The Company also applies the series guidance to distinct goods or services (either with a specified quantity of goods or services or a stand-ready service), with an over time revenue recognition, to determine whether they should be accounted for as a single performance obligation. These distinct goods or services are recognized as a single performance obligation when their nature and timely increments are substantially the same and have the same pattern of transfer to the customer (i.e., the distinct goods or services within the series use the same method to measure progress towards complete satisfaction). Performance obligations that do not meet the over time criteria are recognized at a point in time. The Company also evaluates whether the practical expedient of right-to-invoice applies. For this practical expedient to apply, the right to consideration must correspond directly with the value received by the customer for the Company’s performance to date, no significant up-front payments or retroactive adjustments must exist, and specified minimums must be deemed non-substantive at the contract level. If the contract with the customer has multiple performance obligations and the practical expedient of right-to-invoice does not apply, the Company proceeds to determine the transaction price and allocate it on a standalone selling price basis among the different performance obligations identified. Revenue is measured based on the consideration specified in a contract with a customer. Once the Company determines a contract's performance obligations and the transaction price, including an estimate of any variable consideration, the Company allocates the transaction price to each performance obligation in the contract using a standalone selling price (“SSP”). The Company recognizes revenue when it satisfies a performance obligation by transferring control of a product or service to a customer. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to governmental authorities. The Company generally applies the expected cost plus margin approach to determine the standalone selling price at the performance obligation level. In addition, for performance obligations that are satisfied over time and the right to invoice practical expedient is not available, the Company determines a method to measure progress (i.e., input or output method) based on current facts and circumstances. When these performance obligations have variable consideration within its transaction price and are part of a series, the Company allocates the variable consideration to each time increment. As part of the revenue recognition analysis, when another party is involved in providing goods or services to a customer, the Company evaluates, for each performance obligation, whether it is providing the goods or services itself (i.e., as principal), or if it is only arranging on behalf of the other party. The Company acts as principal if it controls the specified good or service before that good or service is transferred to a customer. To determine if the Company acts as an agent, the Company considers indicators, such as: (i) the responsibility to fulfill a promise; (ii) the inventory risk; and (iii) the price determination. The Company may also generate revenues from payments received under collaborative arrangements. Management analyzes its collaborative arrangements to assess whether such arrangements, or transactions between arrangement participants, involve joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities or are more akin to a vendor-customer relationship. In making this assessment, management considers whether the activities in the collaborative arrangement are considered to be distinct and deemed within the scope of ASC 808, Collaborative Arrangements, and those that are more reflective of a vendor-customer relationship and, therefore, within the scope of ASC 606. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. Nature of performance obligations by segment The following is a description of the Company’s principal revenue generating activities, including the separate performance obligations by operating segment. The Payment Services - Puerto Rico & Caribbean segment provides financial institutions, government entities, health insurance companies and other issuers services to process credit, debit and prepaid cards; automated teller machines and electronic benefit transfer (“EBT”) card programs (which principally consist of services to the government of Puerto Rico for the delivery of benefits to participants). Revenue is principally derived from fixed fees per transaction, and can also include time and material billing for professional services provided to enhance and maintain the existing hosted platforms. Professional services in these contracts are primarily considered non-distinct from the transactional services and accounted for as a single performance obligation. Revenue for these contracts is generally recognized over time for the amount which the Company has right to the consideration. The Latin America Payments and Solutions segment provides financial institutions, government entities and other issuers services to process credit, debit and prepaid cards as well as licensed software solutions for risk and fraud management and card payment processing. Solutions revenues also 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. Licensed software solutions are provided mainly as Software as a Service (“SaaS”) and on-premises perpetual licenses. Set-up fees related to SaaS are considered non-distinct from the license and accounted for as a single performance obligation. SaaS revenues are recognized over time while the customer benefits from the software. On-premises perpetual licenses require significant customization and development. Professional services provided for significant customizations and development are non-distinct from the license and accounted for as a single performance obligation, recognized over time during the development of the license. Hardware and software sales, and other services are recognized at a point in time when the control of the asset is transferred to the customer. Maintenance or support services are considered distinct and recognized over time in the amount in which the Company has right to the consideration. The Merchant Acquiring segment provides customers with the ability to accept and process debit and credit cards. Revenue is derived from fixed or identifiable fees charged to individual merchants per transaction, set-up fees, monthly membership fees and rental of point-of-sale (“POS”) terminals. Set-up fees are considered non-distinct from the transaction processing services and accounted for as a single performance obligation. Revenue for these contracts is recognized over time in the amount in which the Company has right to consideration. The Business Solutions segment consists of revenues from a full suite of business process management solutions. Revenue derived from core bank processing and other processing and transaction-based services are generally recognized over time in the amount in which the Company has right to consideration. Hosting services generally represent a series of distinct monthly increments that are substantially the same and has the same pattern of transfer. Professional services to enhance EVERTEC’s platforms are generally considered non-distinct from the hosting service and accounted for as a single performance obligation. Hosting services are generally recognized over time once in production throughout the term of the contract. Maintenance or support services are usually considered distinct and recognized over time in the amount in which the Company has right to consideration. Hardware and software sales are recognized at a point in time when the control of the asset is transferred to the customer. Indicators of transfer of control include the Company’s right to payment, or as the customer has legal title or physical possession of the asset. The Company may also provide professional services to enhance customer’s platforms or as IT consulting services by arranging for other parties to transfer the services (i.e., acting as an agent). For these contracts, revenue is recognized on a net basis. The Company’s service contracts may include service level arrangements (“SLA”) generally allowing the customer to receive a credit for part of the service fee when the Company has not provided the agreed level of services. If triggered, the SLA is deemed a consideration payable that may impact the transaction price of the contract, thus SLA performance is monitored and assessed for compliance with arrangements on a monthly basis, including determination and accounting for its economic impact, if any. Significant Judgments Determining a measure of progress for performance obligations satisfied over time requires management to make judgments that affect the timing of revenue to be recognized. The Company exercises judgment in identifying a suitable method that depicts the entity’s performance in transferring control of these performance obligations, on a contract-by-contract basis. The principal criteria used for determining the measure of progress is the availability of reliable information that can be obtained without incurring undue cost, which generally results in the application of an input method since, in most cases, the outputs used to reasonably measure progress are not directly observable. Usually, the input method based on labor hours incurred, with respect to total expected labor hours to satisfy the performance obligation is applied. For performance obligations satisfied at a point in time, the Company determines that the customer is able to direct the use of, and obtain substantially all of the benefits from the products at the time the products are delivered and services are performed.
Investment in Equity Investees	Investment in Equity Investees The Company accounts for investments using the equity method of accounting if the investment provides the Company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the Company has an ownership interest in the voting stock of an investor of between 20 percent and 50 percent, although other factors are considered in determining whether the equity method of accounting is appropriate. Under this method, the investment, originally recorded at cost on the consolidated balance sheets, is adjusted to recognize the Company’s share of net income or losses of the investees as they occur. The Company’s share of the investees earnings or losses is recorded, net of taxes, within the earnings of equity method investments in the consolidated statements of income and comprehensive (loss) income. The Company tracks its share of cumulative earnings and distributions of its equity method investments. For purposes of classifying distributions received from equity method investments in the Company’s consolidated statements of cash flows, cumulative distributions are treated as returns on capital to the extent of cumulative earnings and included in the Company’s consolidated statements of cash flows as operating activities. Cumulative distributions in excess of the Company’s share of cumulative earnings are treated as returns of capital and included in the Company’s consolidated statements of cash flows as cash from investing activities . The Company’s consolidated revenues include fees for services provided to the investees accounted for under the equity method. On the acquisition of the investment, any difference between the cost of the investment and the amount of the underlying equity in net assets of the investees is required to be accounted as if the investee were a consolidated subsidiary. If the difference is assigned to depreciable or amortizable assets or liabilities, then the difference should be amortized or accreted in connection with the equity earnings based on the Company’s proportionate share of the investee’s net income or loss. If the investor is unable to relate the difference to specific accounts of the investee, the difference should be considered goodwill. The Company considers whether the fair value of its equity method investment has declined below its carrying value whenever adverse events or changes in circumstances indicate that recorded values may not be recoverable. If the Company considered any such decline to be other than temporary (based on various factors, including historical financial results, product development activities and the overall health of the investee’s industry), then the Company will write-down the investment to estimated fair value.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation of property and equipment is computed using the straight-line method and expensed over their estimated useful lives. Amortization of leasehold improvements is computed over the terms of the respective leases, including renewal options considered by management to be reasonably assured of being exercised, or the estimated useful lives of the improvements, whichever is shorter. Costs of maintenance and repairs which do not improve or extend the life of the respective assets are expensed as incurred.
Leases	Leases
Impairment of Long-lived Assets	Impairment of Long-lived Assets Long-lived assets to be held and used, and long-lived assets to be disposed of, are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Capitalization of Software	Capitalization of Software The Company develops software that is used in providing processing services to customers. Capitalized software includes purchased software and internally developed software and is recognized as software packages within other intangible assets, net in the consolidated balance sheets. Capitalization of internally developed software occurs only after the preliminary project stage is complete, management with applicable authority approves funding of the project, it is probable that the project will be completed, and the software will be used to perform the intended function. Tasks that are generally capitalized are as follows: (a) system design of a chosen path including software configuration and software interfaces; (b) employee costs directly associated with the internal-use computer software project; (c) software development (coding) and software and system testing and verification; (d) system installation; and (e) enhancements that add function and are considered permanent. These tasks are capitalized and amortized using the straight-line method over its estimated useful life, which range from three
Software and Maintenance Contracts	Software and Maintenance Contracts Software and maintenance contracts are recorded at cost. The cost is recognized as prepaid expenses and amortized over the term of the related contract. The unamortized balance is included within prepaid expenses and other assets or other long-term assets depending on the contract terms. Amortization of software and maintenance contracts is computed using the straight-line method and their estimated useful lives based on the contract terms and are recognized in cost of revenues in the consolidated statements of income and comprehensive (loss) income.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price and related costs over the value assigned to net assets acquired. Goodwill is not amortized, but is tested for impairment at least annually, or more often if events or circumstances indicate that the carrying value may not be recoverable. The Company may first assess qualitative factors to determine whether it is more likely than not, that the fair value of the reporting unit is less than its carrying amount including goodwill, that is, a likelihood of more than 50 percent. The Company has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The Company may resume performing the qualitative assessment in any subsequent period. If determined necessary, the quantitative impairment test shall be used to identify goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The quantitative goodwill impairment test, used to identify both the existence of impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the Company determines to perform a quantitative impairment test, a third-party may be engaged to prepare an independent valuation of each reporting unit being evaluated. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Additionally, the Company shall consider the income tax effect from any tax-deductible goodwill on the carrying amount of the reporting unit, if applicable, when measuring the goodwill impairment loss. For the years ended December 31, 2024, 2023 and 2022, no impairment losses associated with goodwill were recognized. Other identifiable intangible assets with definitive useful lives include customer relationships, trademarks, software packages and non-compete agreements. Customer relationships were valued using the excess earnings method under the income approach. Trademark assets were valued using the relief-from-royalty method under the income approach. Internally developed software packages, which include capitalized software development costs, are recorded at cost, while software packages acquired as part of a business combination were valued using the relief-from-royalty method under the income approach or the cost replacement method. The non-compete agreements were recorded based on the price paid to enter into the agreements. Other identifiable intangible assets are evaluated for impairment at least annually or more often if events or circumstances indicate there may be an impairment.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company uses derivative financial instruments to enhance its ability to manage its exposure to certain financial and market risks. On the date the derivative instrument contract is entered into, the Company may designate the derivative as (1) a hedge of the fair value of a recognized asset or liability or an unrecognized firm commitment (“fair value” hedge), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge), or (3) as a “standalone” derivative instrument, including economic hedges that the Company has not formally documented as a fair value or cash flow hedge. Changes in the fair value of a derivative that qualifies for cash flow hedge accounting are recognized in other comprehensive (loss) income. Amounts accumulated in other comprehensive (loss) income are reclassified to earnings when the related cash outflow affects earnings. Changes in the fair value of a derivative instrument
Income Tax	Income Tax Income taxes are accounted for under the asset and liability method. A temporary difference refers to a difference between the tax basis of an asset or liability, determined based on recognition and measurement requirements for tax positions, and its reported amount in the financial statements that will result in taxable or deductible amounts in future years when the reported amount of the asset or liability is recovered or settled, respectively. Deferred tax assets and liabilities represent the future effects on income taxes that result from temporary differences and carryforwards that exist at the end of a period. Deferred tax assets and liabilities are measured using enacted tax rates and provisions of the enacted tax law and are not discounted to reflect the time-value of money. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated statements of income and comprehensive (loss) income in the period that includes the enactment date. A deferred tax valuation allowance is established if it is considered more likely than not that all or a portion of the deferred tax asset will not be realized. The Company recognizes the benefit of uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement or disposition of the underlying issue with the taxing authority. Accordingly, the amount of benefit recognized in the consolidated financial statements may differ from the amount taken or expected to be taken in the tax return resulting in unrecognized tax benefits (“UTBs”). The Company recognizes the interest and penalties associated with UTBs as part of the provision for income tax expense in the consolidated statements of income and comprehensive (loss) income. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets. All companies within EVERTEC are legal entities that file separate income tax returns.
Research and Development ("R&D") Tax incentives	Research and Development ("R&D") Tax incentives The Company receives tax credits for qualifying research and development activities as defined by the government entities that award these credits for which it has the option to sell them to third parties, usually at a discount. The Company has elected to account for these transferable credits outside the scope of ASC 740, consistent with the accounting for refundable credits. As such, these R&D tax credits are recognized as part of other income (expenses) in the consolidated statements of income and comprehensive (loss) income when the Company has complied with the conditions specified by the requirements of the government entity and there is reasonable assurance that the credits will be received.
Cash and cash equivalents	Cash and cash equivalents Cash includes cash on hand and in banks. Cash equivalents consist of financial instruments available on demand or with original maturities of three months or less.
Restricted Cash	Restricted Cash
Settlement Assets and Liabilities	Settlement Assets and Liabilities Settlement assets and liabilities result from timing differences in the Company’s settlement processes with merchants, financial institutions, and credit card associations related to merchant and card transaction processing. The amounts are generally collected or paid the following business day. Settlement assets represent cash received or amounts receivable from agents, payment networks, bank partners, merchants or direct consumers. Settlement liabilities represent amounts payable to merchants and payees. Settlement assets are composed of cash and accounts receivable and are presented within current assets, while settlement liabilities are composed of accounts payable and are presented as part of current liabilities within the consolidated balance sheets. Cash flows associated with settlement activities are presented net within financing activities within the consolidated statement of cash flows.
Allowance for Current Expected Credit Losses	Allowance for Current Expected Credit Losses
Redeemable Non-controlling Interests	Redeemable Non-controlling Interests The Company records redeemable non-controlling interests ("RNCI") in consolidated subsidiaries that result from business acquisition transactions where the Company is granted the right to purchase ("Call Option") and the sellers are granted the right to sell to the Company ("Put Option") the remaining interest at the calculated redemption value and classifies them as mezzanine equity in the consolidated balance sheets as potential redemption is not solely within the Company's control. The acquired RNCI were initially measured at fair value at the acquisition date. The non-controlling interest is adjusted each reporting period for income (loss) attributable to the non-controlling interest and for any dividends declared. Each reporting period, a measurement period adjustment, if any, is then recorded to adjust the non-controlling interest to the higher of either the redemption value, assuming it was redeemable at the reporting date, or its carrying value, but not if such adjustment would result in a redemption value less than the initial fair value of the redeemable noncontrolling interest. If and when applicable, these adjustments are recorded in equity and are not reflected in the accompanying consolidated statements of income and comprehensive (loss) income.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions Assets and liabilities denominated in foreign currencies are translated to U.S. dollars using prevailing rates of exchange at the end of the period. Revenues, expenses, gains and losses are translated using average rates for the period. The resulting foreign currency translation adjustment from operations for which the functional currency is other than the U.S. dollar is reported in accumulated other comprehensive (loss) income, except for entities which operate in economies considered highly inflationary which are remeasured as if the functional currency were the reporting currency, therefore, foreign currency translation adjustments are recognized within the consolidated statement of income and not in other comprehensive (loss) income. Gains and losses on transactions denominated in currencies other than the functional currencies are included in determining net income for the period in which exchange rates change.
Share-based Compensation	Share-based Compensation Performance and time-based restricted stock units ("RSUs") and restricted stock are valued based on the market price of the Company’s stock at the grant date. The Company estimates the fair value of stock-based awards with market conditions, on a contemporaneous basis, at the date they are granted using the Monte Carlo simulation analysis for market based RSUs using the following assumptions: (1) stock price; (2) risk-free rate; (3) expected volatility; (4) expected annual dividend yield and (5) expected term. The risk-free rate is based on the U.S. Constant Maturities Treasury Interest Rate as of the grant date or the yield of a 2-year or 3-year Treasury bond, as applicable. The expected volatility is based on a combination of historical volatility and implied volatility from publicly traded companies in the Company’s industry. The expected annual dividend yield is based on management’s expectations of future dividends as of the grant date and, in certain cases, assumes that those dividends will be reinvested over the performance period. Upon restricted stock or RSUs release, participants may elect to “net share settle”. Rather than requiring the participant to deliver cash to satisfy the tax withholdings, the Company withholds enough shares to cover these amounts and delivers the net shares to the participant.
Net Income Per Common Share	Net Income Per Common Share Basic net income per common share is determined by dividing net income by the weighted-average number of common shares outstanding during the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently adopted accounting pronouncements In November 2023, FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which provides for additional disclosures as they relate to a Company’s segments. Additional requirements per the update include disclosures for significant segment expenses, measures of profit or loss used by the CODM and how these measures are used to allocate resources and assess segment performance. The amendments in this ASU are effective for all public entities for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company has evaluated the impact of this update on its disclosures and has applied the required amendments to these consolidated financial statements for the year ended December 31, 2024. Refer to Note 26 - Segment Information . Recently issued accounting pronouncements not yet adopted In August 2023, FASB issued ASU 2023-05 Business Combinations - Joint Venture Formation (Subtopic 805-60): Recognition and Initial Measurement , which provides an update to the accounting treatment of joint ventures upon formation. This update requires companies to measure assets and liabilities contributed to joint ventures at fair value at the time of formation and has an effective date of January 1, 2025. The update is to be applied prospectively, with a retrospective option for previously formed joint ventures. The Company has not elected retrospective application for its previously formed joint ventures and will adopt the provisions of this ASU for any future joint venture formations. In December 2023, FASB issued ASU 2023-09 Income Tax (Topic 740): Improvements to Income Tax Disclosures which provides for additional disclosures for rate reconciliations, disaggregation of income taxes paid, and other disclosures. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2024. The Company is currently evaluating the updated disclosure requirements and impact that the standard will have on its consolidated financial statements upon implementation. In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses . This update enhances the disclosure requirements of a public business entity’s expenses. With this standard nearly all public business entities will disclose more information about the components of the expense captions than what is currently disclosed in the financial statements allowing investors to better understand the components of an entity’s expenses and assess an entity’s performance. This update is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the updated disclosure requirements and impact that the standard will have on its consolidated financial statements upon implementation.
Recurring Fair Value Measurements	Fair value measurement provisions establish a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. These provisions describe three levels of input that may be used to measure fair value: Level 1: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date. Level 2: Inputs, other than quoted prices included in Level 1, which are observable for the asset or liability through corroboration with market data at the measurement date. Level 3: Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The Company uses observable inputs when available. Fair value is based upon quoted market prices when available. If market prices are not available, the Company may employ models that mostly use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. The Company limits valuation adjustments to those deemed necessary to ensure that the financial instrument’s fair value adequately represents the price that would be received or paid in the marketplace. Valuation adjustments may include consideration of counterparty credit quality and liquidity as well as other criteria. The estimated fair value amounts are subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in estimating fair value could affect the results. The fair value measurement levels are not indicative of risk of investment. The fair value of financial instruments is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value estimates are made at a specific point in time based on the type of financial instrument and relevant market information. Many of these estimates involve various assumptions and may vary significantly from amounts that could be realized in actual transactions.

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Impact of Restatement Adjustments and Correcting Classification Adjustments on Consolidated Statements of Income (Loss)	The following table presents the effects of the change in presentation within the consolidated statements of cash flows for the year ended December 31, 2023: For the year ended December 31, 2023 (In Thousands) As Previously Reported Adjustment As Adjusted Cash flows from operating activities: Accrued liabilities and accounts payable 59,619 (13,096) 46,523 Net cash provided by operating activities 224,290 (13,096) 211,194 Cash flows from financing activities: Settlement activities, net — 13,096 13,096 Net cash provided by financing activities 403,270 13,096 416,366 The following table presents the effects of the change in presentation within the consolidated statements of cash flows for the year ended December 31, 2022: For the year ended December 31, 2022 (In Thousands) As Previously Reported Adjustment As Adjusted Cash flows from operating activities: Accrued liabilities and accounts payable 26,954 (3,460) 23,494 Net cash provided by operating activities 223,361 (3,460) 219,901 Cash flows from financing activities: Settlement activities, net — 3,460 3,460 Net cash (used in) provided by financing activities (156,768) 3,460 (153,308)

Business Acquisitions and Dis_2

Business Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The Company accounted for this transaction as a business combination. The following table details the fair value of assets acquired and liabilities assumed from the paySmart acquisition: Assets/Liabilities (at fair value) (In thousands) Cash and cash equivalents $ 2,037 Accounts receivable, net 451 Prepaid expenses and other assets 58 Property and equipment, net 107 Operating lease right-of-use asset 182 Goodwill 9,477 Other intangible assets, net 15,174 Settlement assets 52,593 Total assets acquired 80,079 Accounts payable 278 Settlement liabilities 50,368 Operating lease liability 185 Income tax payable 298 Deferred tax liability 4,253 Total liabilities assumed $ 55,382 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 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 non-controlling 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 $ 10,239 20 Trademark 1,299 5 Software packages 3,636 5 Total $ 15,174 15 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
Schedule of Pro Forma Information	The following unaudited pro forma information shows the Company's results of operations for the years ended December 31, 2023 and 2022 as if the Sinqia Transaction had occurred on January 1, 2022. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of what would have occurred if the Sinqia acquisition had occurred as of that date. The unaudited proforma financial information reflects the effects of applying the Company's accounting policies and certain pro forma adjustments to the combined historical financial information of the Company and Sinqia. This is not intended to be a projection of future results or performance and actual results might materially differ. Year ended (In thousands) December 31, 2023 December 31, 2022 Total revenues $ 805,152 $ 735,048 Net income 85,344 190,666
Summary of Consideration for Sale of Business and Major Classes of Assets and Liabilities Included in Gain	The following table details the consideration for the sale of the business, major classes of assets and liabilities included in the business sale and the gain on sale of a business: July 1, 2022 (In thousands) Common stock received in exchange for the sale of a business $ 169,249 Contract liability representing consideration for the sale of a business 15,426 Total consideration for the sale of a business 184,675 Goodwill (5,813) Other intangible assets, net (31,011) Prepaid expenses and other assets (497) Contract liability (11,712) Gain on sale of a business $ 135,642

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	In the following table, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue recognition for the periods indicated. Year ended on December 31, 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 $ 240 $ 4,558 $ — $ 7,773 $ 12,571 Products and services transferred over time 139,103 277,110 180,500 236,202 832,915 $ 139,343 $ 281,668 $ 180,500 $ 243,975 $ 845,486 Year ended on December 31, 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 $ 394 $ 5,766 $ — $ 8,911 $ 15,071 Products and services transferred over time 135,579 163,644 162,366 218,049 679,638 $ 135,973 $ 169,410 $ 162,366 $ 226,960 $ 694,709 Year ended on December 31, 2022 (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 $ 361 $ 2,648 $ — $ 11,735 $ 14,744 Products and services transferred over time 117,900 111,116 151,085 223,564 603,665 $ 118,261 $ 113,764 $ 151,085 $ 235,299 $ 618,409

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Restricted Cash	Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement is as follows: December 31, (In thousands) 2024 2023 2022 Reconciliation of cash, cash equivalents, restricted cash, and cash included in settlement assets Cash and cash equivalents $ 273,645 $ 295,600 $ 185,274 Restricted cash 24,594 23,073 18,428 Cash and cash equivalents included in settlement assets 16,410 25,051 11,955 Cash, cash equivalents, restricted cash, and cash included in settlement assets $ 314,649 $ 343,724 $ 215,657
Schedule of Cash and Cash Equivalents	Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets as presented on the cash flow statement is as follows: December 31, (In thousands) 2024 2023 2022 Reconciliation of cash, cash equivalents, restricted cash, and cash included in settlement assets Cash and cash equivalents $ 273,645 $ 295,600 $ 185,274 Restricted cash 24,594 23,073 18,428 Cash and cash equivalents included in settlement assets 16,410 25,051 11,955 Cash, cash equivalents, restricted cash, and cash included in settlement assets $ 314,649 $ 343,724 $ 215,657

Supplemental Statement of Cas_2

Supplemental Statement of Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of supplemental cash flow information	Supplemental statement of cash flow information is as follows: December 31, (In thousands) 2024 2023 2022 Supplemental disclosure of cash flow information: Cash paid for interest 71,999 32,147 24,132 Cash paid for income taxes 24,583 36,247 32,826 Supplemental disclosure of non-cash activities: Payable due to vendor related to equipment and software acquired 2,343 1,964 3,716 Right-of-use assets obtained in exchange for operating lease liabilities 3,920 — — Non-cash investing activities Capital contribution in-kind to investment in equity investee 6,000 — — Trade-in of equipment 2,193 — — Software exchanged for common stock — — 18,761 Goodwill exchanged for common stock — — 5,813 CDs transferred in the acquisition of a business — — 7,169 Non-cash financing activities Payable due to vendor related to licenses acquired — 7,403 — Dividends declared on redeemable non-controlling interests 2,898 — — Non-cash financing and investing activities Common stock received and retired for sale of a business — — 169,249 Common stock exchanged for the acquisition of a business — 37,710 —

Settlement Assets and Liabili_2

Settlement Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Principal Components of Settlement Assets and Liabilities	The principal components of the Company's settlement assets and liabilities were as follows at December 31: December 31, (In thousands) 2024 2023 Settlement assets Cash and cash equivalents $ 16,410 $ 25,051 Accounts receivables 15,532 26,416 Total settlement assets $ 31,942 $ 51,467 Settlement liabilities Accounts payable $ 32,027 $ 47,620 Total settlement liabilities $ 32,027 $ 47,620

Accounts Receivable and Allow_2

Accounts Receivable and Allowance for Current Expected Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Summary of Accounts Receivable, Net	Accounts receivable, net consisted of the following: December 31, (In thousands) 2024 2023 Trade $ 138,230 $ 128,403 Other 2,127 2,117 Less: allowance for current expected credit losses (2,856) (4,010) Accounts receivable, net $ 137,501 $ 126,510
Schedule of Allowance for Credit Losses on Trade Receivables	The activity in the allowance for current expected credit losses on trade receivables was as follows: (In thousands) December 31, 2024 December 31, 2023 Balance at the beginning of the period $ 4,010 $ 2,159 Current period provision for expected credit losses 921 2,218 Write-offs (2,088) (384) Recoveries of amounts previously written-off 13 17 Balance at the end of the period $ 2,856 $ 4,010

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Prepaid Expenses and Other Assets	Prepaid expenses and other assets consisted of the following: December 31, (In thousands) 2024 2023 Prepaid income taxes $ 14,081 $ 16,284 Prepaid cloud computing arrangement fees 9,068 8,686 Software maintenance contracts 8,115 5,606 Contract asset 7,984 11,086 Deferred project costs 7,414 7,747 Taxes, other than income 4,344 2,898 Insurance 2,737 2,702 Postage 2,327 2,269 Guarantee deposits 872 861 Other 4,441 6,565 Prepaid expenses and other assets $ 61,383 $ 64,704

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Summary of property and equipment, net	Property and equipment, net consisted of the following: Useful life December 31, (Dollar amounts in thousands) 2024 2023 Buildings 30 $ 2,105 $ 2,193 Data processing equipment 3 - 5 189,172 187,761 Furniture and equipment 3 - 10 10,413 10,281 Leasehold improvements 5 - 10 5,059 4,876 206,749 205,111 Less—accumulated depreciation and amortization (146,185) (144,117) Depreciable assets, net 60,564 60,994 Land 1,495 1,459 Property and equipment, net $ 62,059 $ 62,453

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill Allocated by Reportable Segments	The changes in the carrying amount of goodwill, allocated by reporting unit, were as follows: (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Balance at December 31, 2022 $ 160,972 $ 84,289 $ 138,121 $ 40,010 $ 423,392 Goodwill attributable to acquisition — 352,629 — — 352,629 Foreign currency translation adjustments — 15,679 — — 15,679 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) Goodwill attributable to acquisitions — 20,621 — — 20,621 Foreign currency translation adjustments — (84,068) — — (84,068) Balance at December 31, 2024 $ 160,972 $ 387,798 $ 138,121 $ 40,010 $ 726,901

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Other Intangible Assets	The carrying amount of other intangible assets consisted of the following: Useful life in years December 31, 2024 (In thousands) Gross Accumulated Net carrying Customer relationships 5 - 20 $ 533,203 $ (374,474) $ 158,729 Trademark 3 - 15 84,008 (48,204) 35,804 Software packages 3 - 10 515,404 (281,550) 233,854 Non-compete agreement 5 3,194 (696) 2,498 Other intangible assets, net $ 1,135,809 $ (704,924) $ 430,885 Useful life in years December 31, 2023 (In thousands) Gross Accumulated Net carrying Customer relationships 8 - 20 $ 568,284 $ (340,952) $ 227,332 Trademark 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
Estimated Amortization Expenses	The estimated amortization expense of balances outstanding at December 31, 2024 for the next years and thereafter are as follows: (In thousands) 2025 $ 91,674 2026 78,801 2027 66,542 2028 52,343 2029 35,884 Thereafter 105,641

Other Long-Term Assets (Tables)

Other Long-Term Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Other Long-Term Assets [Abstract]
Schedule of long-term assets	Other long-term assets consisted of the following: December 31, (In thousands) 2024 2023 Software maintenance contracts $ 10,037 $ 11,246 Deferred costs 6,860 5,183 Contract assets 3,458 2,830 Guarantees 3,037 5,593 Deferred-issuance costs - revolving credit facility 1,602 2,153 Other long-term assets $ 24,994 $ 27,005

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Summary of Total Debt	Total debt was as follows: December 31, (In thousands) 2024 2023 2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(2) ) $ 426,602 $ 449,450 2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin (1)(3) ) 522,327 521,233 Deferred consideration from business combinations 9,895 19,467 Note payable due on September 1, 2030 (1) 6,519 7,403 Total debt $ 965,343 $ 997,553 (1) Net of unaccreted discount and unamortized debt issue costs, as applicable. (2) Subject to minimum rate (“SOFR floor”) of 0.00% plus applicable margin of 2.00% at December 31, 2024 and 1.50% at December 31, 2023. (3) Subject to SOFR floor of 0.50% plus applicable margin of 2.75% at December 31, 2024 and an applicable margin of 3.50% at December 31, 2023.
Summary of Contractual Principal Payments	The following table presents contractual principal payments for the next five years and thereafter: (In thousands) 2025 $ 23,867 2026 23,867 2027 381,870 2028 — 2029 — Thereafter 540,000
Schedule of Interest Rate Swap Transaction	Swap Amendment Effective date Maturity Date Notional Amount Variable Rate Fixed Rate 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)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis	The following table summarizes fair value measurements by level at December 31, 2024 and 2023, for assets and liabilities measured at fair value on a recurring basis: (In thousands) Level 2 Level 3 Measured at NAV Total December 31, 2024 Financial assets: Debt securities AFS $ 1,807 $ — $ — $ 1,807 Equity securities — — 4,976 4,976 Interest rate swap 4,338 — — 4,338 Financial liabilities: Interest rate swaps 1,351 — — 1,351 December 31, 2023 Financial assets: Debt securities AFS 2,095 — — 2,095 Equity securities 6,447 2,966 — 9,413 Interest rate swaps 4,385 — — 4,385 Financial liabilities: Interest rate swap 900 — — 900
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	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 December 31, 2024 $ —
Carrying Value and Estimated Fair Values for Financial Instruments	The following table presents the carrying value, as applicable, and estimated fair values for financial assets and liabilities at December 31, 2024 and 2023: December 31, 2024 2023 (In thousands) Carrying Fair Carrying Fair Financial liabilities: 2027 Term A Loan Facility 426,602 433,890 449,450 452,337 2030 Term B Loan Facility 522,327 545,400 521,233 539,325

Redeemable Non-controlling In_2

Redeemable Non-controlling Interests (Tables)	12 Months Ended
	Dec. 31, 2024
Redeemable Noncontrolling Interest [Abstract]
Summary of Terms and Changes in Redeemable Non-controlling Interests	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 net sales dependent upon EBITDA margin attained plus net debt 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 working capital, 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 2,535 Adjustment of redeemable non-controlling interests to redemption value 6,596 Distributions from redeemable non-controlling interests (294) Dividends declared on redeemable non-controlling interests (2,898) Foreign currency translation adjustments 553 Balance at December 31, 2024 $ 43,460 The following table presents changes in RNCI as of December 31, 2023: (In thousands) Redeemable noncontrolling interests Balance at November 1, 2023 (Acquisition date) $ 39,340 Net income from redeemable non-controlling interests 365 Dividends declared on redeemable non-controlling interests (2,737) Balance at December 31, 2023 $ 36,968

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Summary of Dividend Activity	The Company’s dividend activity in 2024 and 2023 was as follows: Declaration Date Record Date Payment Date Dividend per share February 15, 2024 February 27, 2024 March 15, 2024 0.05 April 18, 2024 April 29, 2024 June 7, 2024 0.05 July 18, 2024 July 29, 2024 September 6, 2024 0.05 October 17, 2024 October 28, 2024 December 6, 2024 0.05 February 16, 2023 February 28, 2023 March 17, 2023 0.05 April 20, 2023 May 1, 2023 June 2, 2023 0.05 July 20, 2023 July 31, 2023 September 1, 2023 0.05 October 19, 2023 October 30, 2023 December 1, 2023 0.05
Summary of Changes in Balances Comprising Accumulated Other Comprehensive Loss	The following table provides a summary of the changes in the balances comprising accumulated other comprehensive (loss) income for the years ended December 31, 2024 and 2023: Foreign Currency Cash Flow Hedge Unrealized Gains on Debt Securities AFS Total Balance - December 31, 2022, net of tax $ (23,481) $ 6,954 $ 41 $ (16,486) Other comprehensive income (loss) before reclassifications 38,328 1,932 (15) 40,245 Effective portion reclassified to net income — (5,550) — (5,550) Balance - December 31, 2023, net of tax 14,847 3,336 26 18,209 Other comprehensive (loss) income before reclassifications (152,851) 8,008 (7) (144,850) Effective portion reclassified to net income — (8,082) — (8,082) Balance - December 31, 2024, net of tax $ (138,004) $ 3,262 $ 19 $ (134,723)

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Nonvested RSUs Activity	The following table summarizes the nonvested RSUs activity for the years ended December 31, 2024, 2023 and 2022: Nonvested RSUs Shares Weighted average Nonvested at December 31, 2021 1,086,329 $ 34.73 Granted 709,350 41.90 Vested (421,764) 33.02 Forfeited (10,135) 37.66 Nonvested at December 31, 2022 1,363,780 38.96 Granted 1,072,494 37.53 Vested (608,800) 36.92 Forfeited (28,462) 39.46 Nonvested at December 31, 2023 1,799,012 39.42 Granted 1,161,455 36.76 Vested (791,833) 39.25 Forfeited (164,370) 36.01 Nonvested at December 31, 2024 2,004,264 $ 38.71
Summary of Share-Based Compensation Recognized	Share-based compensation recognized was as follows: Years ended December 31, (In thousands) 2024 2023 2022 Share-based compensation recognized, net RSUs $ 30,275 $ 25,732 $ 19,956

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense consisted of the following: Years ended December 31, (In thousands) 2024 2023 2022 Current tax provision $ 31,573 $ 21,621 $ 29,418 Deferred tax benefit (26,726) (16,144) (435) Income tax expense $ 4,847 $ 5,477 $ 28,983
Segregation of Income Tax Expense (Benefit) Based on Location of Operations	The following table presents the components of income tax expense and its segregation based on location of operations: Years ended December 31, (In thousands) 2024 2023 2022 Income before income tax provision Puerto Rico $ 94,287 $ 64,096 $ 246,049 United States 683 627 273 Foreign countries 24,656 20,630 21,530 Total income before income tax provision $ 119,626 $ 85,353 $ 267,852 Current tax provision Puerto Rico $ 6,055 $ 3,187 $ 9,096 United States 270 141 389 Foreign countries 25,248 18,293 19,933 Total current tax provision $ 31,573 $ 21,621 $ 29,418 Deferred tax (benefit) provision Puerto Rico $ (13,775) $ (9,991) $ 4,564 United States 33 54 6 Foreign countries (12,984) (6,207) (5,005) Total deferred tax benefit $ (26,726) $ (16,144) $ (435)
Components of Deferred Tax Assets and Liabilities	The following table presents the components of the Company’s deferred tax assets and liabilities: December 31, (In thousands) 2024 2023 Deferred tax assets (“DTA”) Allowance for doubtful accounts $ 201 $ 430 Unearned income 8,628 6,426 Lease liability 1,324 1,940 Share-based compensation 2,785 2,442 Accrued liabilities 9,419 10,255 Net operation losses 43,219 33,689 Other 3,439 5,664 Total gross deferred tax assets 69,015 60,846 Deferred tax liabilities (“DTL”) Capitalized salaries 2,486 2,514 Difference between the assigned values and the tax basis of assets and liabilities recognized in business combinations 67,298 89,582 Right of use asset 1,290 1,716 Amortization of tax goodwill on business combination 5,193 1,808 Other 3,682 5,296 Total gross deferred tax liabilities 79,949 100,916 Deferred tax liability, net $ (10,934) $ (40,070)
Summary of Operating Loss Carryforwards	The NOL balance as of December 31, 2024 expires as follows: (In thousands) 2028 $ 109 2029 1,657 2030 2,926 2031 3,430 2032 2,219 2033 1,724 2034 4,486 2035 520 Indefinitely 115,667
Reconciliation of Total Amounts of Unrecognized Tax Benefits	The following is a tabular reconciliation of the total amounts of UTPs: Years ended December 31, (In thousands) 2024 2023 2022 Balance, beginning of year $ 5,902 $ 1,480 $ 3,951 Gross increases—tax positions in prior period — 70 62 Gross decreases—tax positions in prior period (758) — (35) Gross increases—tax positions in current period — 4,996 — Lapse of statute of limitations (2,290) (644) (2,498) Balance, end of year $ 2,854 $ 5,902 $ 1,480
Income Tax Expense Differs from Computed Income Tax at Statutory Rates	The income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate of 37.5% to the income before income taxes as a result of the following: Years ended December 31, (In thousands) 2024 2023 2022 Computed income tax at statutory rates $ 44,859 $ 32,007 $ 100,445 Differences in tax rates due to multiple jurisdictions 4,823 4,038 3,347 Excess tax benefits on share-based compensation (502) (81) 348 Effect of income subject to tax-exemption grant (43,808) (30,123) (34,638) Effect of the gain on sale of a business — — (39,645) Unrecognized tax (benefit) expense (3,492) (1,083) (3,438) Tax credits for research and development activities — (884) — Valuation allowance — 2,194 — Other, net 2,967 (591) 2,564 Income tax expense $ 4,847 $ 5,477 $ 28,983

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of Income Per Common Share	The reconciliation of the numerator and the denominator of the earnings per common share is as follows: Years ended December 31, ( Dollar amounts in thousands, except share and per share data) 2024 2023 2022 Net income available to EVERTEC, Inc.'s common shareholders $ 112,620 $ 79,722 $ 239,009 Weighted average common shares outstanding 64,286,725 64,932,114 68,701,434 Weighted average potential dilutive common shares (1) 790,810 882,203 611,283 Weighted average common shares outstanding—assuming dilution 65,077,535 65,814,317 69,312,717 Net income per common share—basic $ 1.75 $ 1.23 $ 3.48 Net income per common share—diluted $ 1.73 $ 1.21 $ 3.45 (1) Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Components of Lease Expense	Total lease cost consisted of the following: Years ended December 31, (in thousands) 2024 2023 Operating lease cost $ 7,821 $ 7,273 Variable lease cost 2,943 2,910 Total lease costs $ 10,764 $ 10,183 Other Balance Sheet information related to operating leases was as follows: December 31, (In thousands) 2024 2023 Right-of-use assets obtained in exchange for operating lease obligations $ 3,920 $ 7,176 Weighted average remaining lease term, in years 3 3 Weighted average discount rate 3.8% 0.9%
Maturities of Operating Lease Liabilities	The following table presents the balance of Operating lease obligations: December 31, (In thousands) 2024 2023 Operating lease liability - current $ 6,229 $ 6,693 Operating lease liability - long-term 4,924 9,033 Total operating lease liabilities $ 11,153 $ 15,726 Future minimum operating lease payments at December 31, 2024 were as follows: (In thousands) 2025 8,177 2026 3,408 2027 2,568 2028 1,186 2029 193 Thereafter 12 Total future minimum lease payments 15,544 Less: imputed interest (4,391) Total $ 11,153

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Summary of Operations by Business Segments	The following tables set forth information about the Company’s operations by its four reportable segments for the periods indicated: December 31, 2024 (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Reportable Segments Total revenues $ 139,343 $ 281,668 $ 180,500 $ 243,975 $ 845,486 Intersegment revenues 75,406 21,116 — — 96,522 Total segment revenues (1) 214,749 302,784 180,500 243,975 942,008 Less: Other segment items (2) (93,359) (223,103) (107,868) (141,306) (565,636) Segment Adjusted EBITDA $ 121,390 $ 79,681 $ 72,632 $ 102,669 $ 376,372 (1) Total segment revenues include intersegment revenues eliminated on a consolidated basis. Intersegment revenue eliminations predominantly reflect the $57.6 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $21.1 million from Latin America Payments and Solutions to Payment Services-Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $17.8 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA. December 31, 2023 (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Reportable Segments Total revenues $ 135,973 $ 169,410 $ 162,366 $ 226,960 $ 694,709 Intersegment revenues 67,259 17,093 — — 84,352 Total segment revenues (1) 203,232 186,503 162,366 226,960 779,061 Less: Other segment items (2) (84,966) (126,345) (101,374) (140,080) (452,765) Segment Adjusted EBITDA $ 118,266 $ 60,158 $ 60,992 $ 86,880 $ 326,296 (1) Total segment revenues include intersegment revenues eliminated on a consolidated basis. Intersegment revenue eliminations predominantly reflect the $52.9 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $17.1 million from Latin America Payments and Solutions to Payment Services-Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $14.3 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA. December 31, 2022 (In thousands) Payment Latin America Payments and Solutions Merchant Business Total Reportable Segments Total revenues $ 118,261 $ 113,764 $ 151,085 $ 235,299 $ 618,409 Intersegment revenues 60,220 14,457 — — 74,677 Total segment revenues (1) 178,481 128,221 151,085 235,299 693,086 Less: Other segment items (2) (77,621) (85,614) (87,478) (134,731) (385,444) Segment Adjusted EBITDA $ 100,860 $ 42,607 $ 63,607 $ 100,568 $ 307,642 (1) Total segment revenues include intersegment revenues eliminated on a consolidated basis. Intersegment revenue eliminations predominantly reflect the $49.5 million processing fee from Payments Services - Puerto Rico & Caribbean to Merchant Acquiring, intercompany software developments and transaction processing of $14.5 million from Latin America Payments and Solutions to Payment Services-Puerto Rico & Caribbean and Business Solutions, and transaction processing and monitoring fees of $10.7 million from Payment Services - Puerto Rico & Caribbean to Latin America Payments and Solutions. (2) For each reportable segment, other segment items category includes: cost of revenues and selling, general and administrative expenses, exclusive of depreciation and amortization. These amounts are adjusted to exclude certain items such as: share-based compensation costs, severance payments, equity investment income net of dividends received, foreign currency remeasurement for assets and liabilities in non-functional currency, and expenses from corporate transactions as defined in the Credit Agreement to determine Segment Adjusted EBITDA.
Reconciliation of Income from Operations to Consolidated Net Income	The reconciliation of Segment Adjusted EBITDA to consolidated income before income taxes is as follows: Years ended December 31, (In thousands) 2024 2023 2022 Segment Adjusted EBITDA $ 376,372 $ 326,296 $ 307,642 Elimination of intersegment revenues (96,522) (84,352) (74,677) Other corporate expenses (1) 60,378 50,027 43,155 Compensation and benefits (2) (31,644) (29,312) (20,335) Transaction, refinancing and other fees (3) 4,217 (53,545) 118,860 Earnings of equity method investments, net of dividends received 1,270 1,945 1,121 Loss on foreign currency remeasurement (4) (5,198) (8,276) (7,645) Interest income 13,332 8,512 3,121 Interest expense (74,733) (32,321) (24,772) Depreciation and amortization (127,846) (93,621) (78,618) Income before income taxes $ 119,626 $ 85,353 $ 267,852 (1) The other corporate expenses category consists of corporate overhead expenses and other non-operating expenses that are not included in the reportable segment, as well as intersegment eliminations. (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.
Segment Information by Geographic Location	The geographic information below is classified based on the geographic location of the Company’s subsidiaries: Years ended December 31, (In thousands) 2024 2023 2022 Revenues (1) Puerto Rico $ 543,568 $ 505,246 $ 481,676 Caribbean 20,250 20,053 22,969 Latin America 281,668 169,410 113,764 Total Revenues $ 845,486 $ 694,709 $ 618,409 (1) Revenues are based on subsidiaries’ country of domicile.
Long-Lived Assets by Geographic Areas	Long-lived assets, excluding goodwill and other intangible assets, by location as of December 31, 2024 and 2023 were as follows: Years ended December 31, (In thousands) 2024 2023 Puerto Rico $ 44,563 $ 43,627 Latin America 17,496 18,826 Total Property and equipment, net $ 62,059 $ 62,453

The Company and Summary of Si_4

The Company and Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) country	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Company And Summary Of Significant Accounting Policies [Line Items]
Number of countries where services are provided | country	26
Interest cost capitalized	$ 3,400,000	$ 2,700,000	$ 1,100,000
Impairment losses	$ 0	$ 0	$ 0
Software Development | Minimum
Company And Summary Of Significant Accounting Policies [Line Items]
Intangible asset useful life	3 years
Software Development | Maximum
Company And Summary Of Significant Accounting Policies [Line Items]
Intangible asset useful life	10 years

The Company and Basis of Presen

The Company and Basis of Presentation - Schedule of Effects (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Accrued liabilities and accounts payable	$ (6,602)	$ 46,523	$ 23,494
Net cash provided by operating activities	260,059	211,194	219,901
Cash flows from financing activities
Settlement activity, net	(8,641)	13,096	3,460
Net cash (used in) provided by financing activities	$ (152,560)	416,366	(153,308)
As Previously Reported
Cash flows from operating activities
Accrued liabilities and accounts payable		59,619	26,954
Net cash provided by operating activities		224,290	223,361
Cash flows from financing activities
Settlement activity, net		0	0
Net cash (used in) provided by financing activities		403,270	(156,768)
Adjustment
Cash flows from operating activities
Accrued liabilities and accounts payable		(13,096)	(3,460)
Net cash provided by operating activities		(13,096)	(3,460)
Cash flows from financing activities
Settlement activity, net		13,096	3,460
Net cash (used in) provided by financing activities		$ 13,096	$ 3,460

Business Acquisitions and Dis_3

Business Acquisitions and Dispositions - Additional Information (Details) $ / shares in Units, $ in Thousands, shares in Millions, R$ in Millions

12 Months Ended

Nov. 19, 2024 USD ($)

Oct. 31, 2024 USD ($)

Nov. 01, 2023 USD ($) $ / shares shares

Nov. 01, 2023 BRL (R$) shares

Oct. 31, 2023 USD ($) shares

Feb. 16, 2023 USD ($)

Feb. 16, 2023 BRL (R$)

Jul. 01, 2022 USD ($) shares

Dec. 31, 2024 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Nov. 01, 2023 BRL (R$)

Business Acquisition [Line Items]

Goodwill

$ 726,901

$ 791,700

$ 423,392

Shares acquired, amount

$ 132

$ 0

$ 0

Closing stock price (in dollars per share) | $ / shares

$ 32.38

Popular | Collaborative Arrangement, Merchant Acquiring Independent Sales Organization Agreement

Business Acquisition [Line Items]

Main commercial agreements, extension period placed into effect

10 years

Popular | Collaborative Arrangement, ATH Network Participation Agreement

Business Acquisition [Line Items]

Main commercial agreements, extension period placed into effect

5 years

Popular | Collaborative Arrangement, Master Services Agreement

Business Acquisition [Line Items]

Main commercial agreements, extension period placed into effect

3 years

Exclusivity requirements eliminated with modifications, non-compete intangible asset amortization period

15 years

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Disposal Group, Popular

Business Acquisition [Line Items]

Contract liability

$ 11,700

Common stock received in exchange for the sale of a business

169,249

Contract liability representing consideration for the sale of a business

15,426

Disposal group, consideration

$ 184,675

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Disposal Group, Popular | Minimum

Business Acquisition [Line Items]

Transition services agreements, term

3 months

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Disposal Group, Popular | Maximum

Business Acquisition [Line Items]

Transition services agreements, term

36 months

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Disposal Group, Popular | Common Stock

Business Acquisition [Line Items]

Disposal group, consideration (in shares) | shares

4.6

Sinqia, S.A.

Business Acquisition [Line Items]

Ownership percentage

5.40%

Non-compete agreement | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Disposal Group, Popular

Business Acquisition [Line Items]

Write-off of non-compete intangible asset

$ 12,300

Nubity, Inc.

Business Acquisition [Line Items]

Percentage of shares acquired

100%

Aggregate purchase price

$ 11,000

Net assets

300

Goodwill

7,800

Deferred tax liability

1,500

Nubity, Inc. | Customer relationships

Business Acquisition [Line Items]

Other intangible assets, net

3,900

Nubity, Inc. | Trademark

Business Acquisition [Line Items]

Other intangible assets, net

$ 500

Grandata, Inc

Business Acquisition [Line Items]

Percentage of shares acquired

100%

Aggregate purchase price

$ 33,300

Net assets

6,300

Cash and cash equivalents, and identified intangible assets other than goodwill

9,900

Goodwill

12,800

Deferred tax liability

6,000

Grandata, Inc | Customer relationships

Business Acquisition [Line Items]

Other intangible assets, net

11,900

Grandata, Inc | Software packages

Business Acquisition [Line Items]

Other intangible assets, net

6,800

Grandata, Inc | Trademark

Business Acquisition [Line Items]

Other intangible assets, net

$ 1,500

Paysmart Pagamentos Eletronicos Ltda

Business Acquisition [Line Items]

Percentage of shares acquired

100%

Aggregate purchase price

$ 25,000

R$ 130.0

Other intangible assets, net

15,174

Goodwill

9,477

Deferred tax liability

4,253

Sinqia, S.A.

Business Acquisition [Line Items]

Percentage of shares acquired

100%

100%

Other intangible assets, net

$ 289,540

$ 289,540

Goodwill

341,801

Deferred tax liability

76,150

Shares purchased (in shares) | shares

4.8

Shares acquired, amount

$ 26,500

Fair value of equity securities at acquisition date

25,700

Aggregate purchase price

472,000

R$ 2400.0

Acquisition, cash paid

$ 408,300

Shares issued as consideration (in shares) | shares

1.2

1.2

Value of shares issued as consideration

$ 37,700

R$ 190.7

Business Acquisitions and Dis_4

Business Acquisitions and Dispositions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Nov. 19, 2024	Dec. 31, 2023	Nov. 01, 2023	Feb. 16, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 726,901		$ 791,700			$ 423,392
Paysmart Pagamentos Eletronicos Ltda
Business Acquisition [Line Items]
Cash and cash equivalents					$ 2,037
Accounts receivable, net					451
Prepaid expenses and other assets					58
Property and equipment, net					107
Operating lease right-of-use asset					182
Goodwill					9,477
Other intangible assets, net					15,174
Settlement assets					52,593
Total assets acquired					80,079
Accounts payable					278
Settlement liabilities					50,368
Operating lease liability					185
Income tax payable					298
Deferred tax liability					4,253
Total liabilities assumed					55,382
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
Goodwill				341,801
Equity securities, at fair value				9,035
Long-term deferred tax asset				28,758
Other intangible assets, net				289,540	$ 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
Other long-term liabilities				15,134
Deferred tax liability				76,150
Total liabilities assumed				225,662
Redeemable non-controlling interests				39,340
Additional paid-in capital				471,673
Total liabilities and equity				$ 736,675
Nubity, Inc.
Business Acquisition [Line Items]
Goodwill		$ 7,800
Deferred tax liability		$ 1,500

Business Acquisitions and Dis_5

Business Acquisitions and Dispositions - Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Feb. 16, 2023	Nov. 01, 2023
Paysmart Pagamentos Eletronicos Ltda
Business Acquisition [Line Items]
Total	$ 15,174
Weighted-average life	15 years
Paysmart Pagamentos Eletronicos Ltda | Customer relationships
Business Acquisition [Line Items]
Amount	$ 10,239
Weighted-average life	20 years
Paysmart Pagamentos Eletronicos Ltda | Trademark
Business Acquisition [Line Items]
Amount	$ 1,299
Weighted-average life	5 years
Paysmart Pagamentos Eletronicos Ltda | Software packages
Business Acquisition [Line Items]
Amount	$ 3,636
Weighted-average life	5 years
Sinqia, S.A.
Business Acquisition [Line Items]
Total	$ 289,540	$ 289,540
Weighted-average life	14 years
Sinqia, S.A. | Customer relationships
Business Acquisition [Line Items]
Amount	$ 155,876
Weighted-average life	18 years
Sinqia, S.A. | Trademark
Business Acquisition [Line Items]
Amount	$ 47,688
Weighted-average life	10 years
Sinqia, S.A. | Software packages
Business Acquisition [Line Items]
Amount	$ 85,976
Weighted-average life	10 years

Business Acquisitions and Dis_6

Business Acquisitions and Dispositions - Pro Forma Information (Details) - Sinqia, S.A. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Total revenues	$ 805,152	$ 735,048
Net income	$ 85,344	$ 190,666

Business Acquisitions and Dis_7

Business Acquisitions and Dispositions - Gain on Sale (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 01, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of a business		$ 0	$ 0	$ 135,642
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Disposal Group, Popular
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common stock received in exchange for the sale of a business	$ 169,249
Contract liability representing consideration for the sale of a business	15,426
Total consideration for the sale of a business	184,675
Goodwill	(5,813)
Other intangible assets, net	(31,011)
Prepaid expenses and other assets	(497)
Contract liability	(11,712)
Gain on sale of a business	$ 135,642

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Accounts receivable, net	$ 137,501	$ 126,510
Total revenues	845,486	694,709	$ 618,409
Contract assets	11,400	13,900
Contract liability	25,274	21,055
Contract liability - long term	55,003	41,825
Revenue recognized	28,800	16,400
Popular
Disaggregation of Revenue [Line Items]
Accounts receivable, net	37,500	40,500
Payment Processing - LATAM
Disaggregation of Revenue [Line Items]
Total revenues	$ 130,800	$ 114,900	$ 65,900
Customer Concentration Risk | Total Revenue | Popular
Disaggregation of Revenue [Line Items]
Total percentage of revenues from Popular	31%	35%	39%

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 845,486	$ 694,709	$ 618,409
Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	12,571	15,071	14,744
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues	832,915	679,638	603,665
Payment Services - Puerto Rico & Caribbean
Disaggregation of Revenue [Line Items]
Total revenues	139,343	135,973	118,261
Payment Services - Puerto Rico & Caribbean | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	240	394	361
Payment Services - Puerto Rico & Caribbean | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues	139,103	135,579	117,900
Latin America Payments and Solutions
Disaggregation of Revenue [Line Items]
Total revenues	281,668	169,410	113,764
Latin America Payments and Solutions | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	4,558	5,766	2,648
Latin America Payments and Solutions | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues	277,110	163,644	111,116
Merchant Acquiring, net
Disaggregation of Revenue [Line Items]
Total revenues	180,500	162,366	151,085
Merchant Acquiring, net | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Merchant Acquiring, net | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues	180,500	162,366	151,085
Business Solutions
Disaggregation of Revenue [Line Items]
Total revenues	243,975	226,960	235,299
Business Solutions | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	7,773	8,911	11,735
Business Solutions | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Total revenues	$ 236,202	$ 218,049	$ 223,564

Revenues - Performance Obligati

Revenues - Performance Obligation (Details) - Professional Services, All Other Contracts - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 $ in Millions	Dec. 31, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Transaction price allocated to performance obligations that are unsatisfied or partially satisfied	$ 750.2
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfaction (in years)	5 years

Cash and Cash Equivalents - Add

Cash and Cash Equivalents - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 298,200	$ 318,700
Settlement assets	31,942	51,467
Cash and cash equivalents
Cash and Cash Equivalents [Line Items]
Settlement assets	16,410	25,051
Territories Other Than Puerto Rico
Cash and Cash Equivalents [Line Items]
Cash	$ 226,700	$ 208,800

Cash and Cash Equivalents - Cas

Cash and Cash Equivalents - Cash and Cash Equivalents Reconciliation (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of cash, cash equivalents, restricted cash, and cash included in settlement assets
Cash and cash equivalents	$ 273,645	$ 295,600	$ 185,274
Restricted cash	24,594	23,073	18,428
Cash and cash equivalents included in settlement assets	16,410	25,051	11,955
Cash, cash equivalents and restricted cash, and cash included in settlement assets	$ 314,649	$ 343,724	$ 215,657

Supplemental Statement of Cas_3

Supplemental Statement of Cash Flow Information - Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 71,999	$ 32,147	$ 24,132
Cash paid for income taxes	24,583	36,247	32,826
Supplemental disclosure of non-cash activities:
Payable due to vendor related to equipment and software acquired	2,343	1,964	3,716
Right-of-use assets obtained in exchange for operating lease liabilities	3,920	7,176	0
Non-cash investing activities
Capital contribution in-kind to investment in equity investee	6,000	0	0
Trade-in of equipment	2,193	0	0
Software exchanged for common stock	0	0	18,761
Goodwill exchanged for common stock	0	0	5,813
CDs transferred in the acquisition of a business	0	0	7,169
Non-cash financing activities
Payable due to vendor related to licenses acquired	0	7,403	0
Dividends declared on redeemable non-controlling interests	2,898	0	0
Non-cash financing and investing activities
Common stock received and retired for sale of a business	0	0	169,249
Common stock exchanged for the acquisition of a business	$ 0	37,710	$ 0
As Previously Reported
Supplemental disclosure of non-cash activities:
Right-of-use assets obtained in exchange for operating lease liabilities		$ 0

Settlement Assets and Liabili_3

Settlement Assets and Liabilities - Components of Settlement Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Settlement Assets And Liabilities [Line Items]
Total settlement assets	$ 31,942	$ 51,467
Total settlement liabilities	32,027	47,620
Accounts payable
Settlement Assets And Liabilities [Line Items]
Total settlement liabilities	32,027	47,620
Cash and cash equivalents
Settlement Assets And Liabilities [Line Items]
Total settlement assets	16,410	25,051
Accounts receivables
Settlement Assets And Liabilities [Line Items]
Total settlement assets	$ 15,532	$ 26,416

Accounts Receivable and Allow_3

Accounts Receivable and Allowance for Current Expected Credit Losses - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Trade	$ 138,230	$ 128,403
Other	2,127	2,117
Less: allowance for current expected credit losses	(2,856)	(4,010)
Accounts receivable, net	$ 137,501	$ 126,510

Accounts Receivable and Allow_4

Accounts Receivable and Allowance for Current Expected Credit Losses - Allowance for Credit Losses on Trade Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at the beginning of the period	$ 4,010	$ 2,159
Current period provision for expected credit losses	921	2,218
Write-offs	(2,088)	(384)
Recoveries of amounts previously written-off	13	17
Balance at the end of the period	$ 2,856	$ 4,010

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid cloud computing arrangement fees	$ 9,068	$ 8,686
Software maintenance contracts	8,115	5,606
Contract asset	7,984	11,086
Deferred project costs	7,414	7,747
Insurance	2,737	2,702
Postage	2,327	2,269
Guarantee deposits	872	861
Other	4,441	6,565
Prepaid expenses and other assets	61,383	64,704
Income taxes
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid income taxes	14,081	16,284
Taxes, other than income	14,081	16,284
Taxes other than income
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid income taxes	4,344	2,898
Taxes, other than income	$ 4,344	$ 2,898

Investment in Equity Investees

Investment in Equity Investees (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2011
Joint Venture Disclosure [Line Items]
Income (loss) from equity method investment	$ 4,298,000	$ 4,976,000	$ 2,968,000
Equity investee, cash contributions	2,000,000	5,500,000	0
Consorcio de Tarjetas Dominicanas S.A.
Joint Venture Disclosure [Line Items]
Equity interest in CONTADO acquisition				19.99%
Equity interest in CONTADO, excess cost of investment over underlying equity in net assets				$ 9,000,000
Income (loss) from equity method investment	5,000,000	5,000,000	3,000,000
Dividends received from CONTADO	3,400,000	3,500,000	2,100,000
Consorcio de Tarjetas Dominicanas S.A. | Equity Method Investments
Joint Venture Disclosure [Line Items]
Amortization expense	0	100,000	$ 200,000
Joint Venture With Corporate Partner
Joint Venture Disclosure [Line Items]
Income (loss) from equity method investment	(700,000)
Equity investee, cash contributions	2,000,000	$ 5,500,000
Equity investee, nonfinancial asset contributions	$ 6,000,000
Joint Venture With Corporate Partner | Joint Venture With Corporate Partner
Joint Venture Disclosure [Line Items]
Equity interest in CONTADO acquisition	21.26%

Property and Equipment, net - P

Property and Equipment, net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property and Equipment, net
Property and equipment, gross	$ 206,749	$ 205,111
Less—accumulated depreciation and amortization	(146,185)	(144,117)
Property and equipment, net, excluding land	60,564	60,994
Land	1,495	1,459
Property and equipment, net	$ 62,059	62,453
Buildings
Property and Equipment, net
Useful life in years	30 years
Property and equipment, gross	$ 2,105	2,193
Data processing equipment
Property and Equipment, net
Property and equipment, gross	$ 189,172	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	$ 10,413	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	10 years
Leasehold improvements
Property and Equipment, net
Property and equipment, gross	$ 5,059	$ 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense related to property and equipment	$ 22.3	$ 21.6	$ 18.5

Goodwill - Changes in Carrying

Goodwill - Changes in Carrying Amount of Goodwill Allocated by Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 791,700	$ 423,392
Goodwill attributable to acquisitions	20,621	352,629
Adjustment to goodwill from prior year acquisition	(1,352)
Foreign currency translation adjustments	(84,068)	15,679
Goodwill, ending balance	726,901	791,700
Payment Services - Puerto Rico & Caribbean
Goodwill [Roll Forward]
Goodwill, beginning balance	160,972	160,972
Goodwill attributable to acquisitions	0	0
Adjustment to goodwill from prior year acquisition	0
Foreign currency translation adjustments	0	0
Goodwill, ending balance	160,972	160,972
Latin America Payments and Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	452,597	84,289
Goodwill attributable to acquisitions	20,621	352,629
Adjustment to goodwill from prior year acquisition	(1,352)
Foreign currency translation adjustments	(84,068)	15,679
Goodwill, ending balance	387,798	452,597
Merchant Acquiring, net
Goodwill [Roll Forward]
Goodwill, beginning balance	138,121	138,121
Goodwill attributable to acquisitions	0	0
Adjustment to goodwill from prior year acquisition	0
Foreign currency translation adjustments	0	0
Goodwill, ending balance	138,121	138,121
Business Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	40,010	40,010
Goodwill attributable to acquisitions	0	0
Adjustment to goodwill from prior year acquisition	0
Foreign currency translation adjustments	0	0
Goodwill, ending balance	$ 40,010	$ 40,010

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment losses	$ 0	$ 0	$ 0

Other Intangible Assets, Net -

Other Intangible Assets, Net - Carrying Amount of Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 1,135,809	$ 1,175,120
Accumulated amortization	(704,924)	(657,050)
Net carrying amount	430,885	518,070
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	533,203	568,284
Accumulated amortization	(374,474)	(340,952)
Net carrying amount	$ 158,729	$ 227,332
Customer relationships | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	5 years	8 years
Customer relationships | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	20 years	20 years
Trademark
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 84,008	$ 94,203
Accumulated amortization	(48,204)	(41,319)
Net carrying amount	$ 35,804	$ 52,884
Trademark | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	3 years	1 year
Trademark | 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	$ 515,404	$ 510,898
Accumulated amortization	(281,550)	(274,610)
Net carrying amount	$ 233,854	$ 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	$ 3,194	$ 1,735
Accumulated amortization	(696)	(169)
Net carrying amount	$ 2,498	$ 1,566

Other Intangible Assets, Net _2

Other Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Intangible Assets [Line Items]
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of revenues, exclusive of depreciation and amortization shown below
Other Intangible Assets
Other Intangible Assets [Line Items]
Amortization expense	$ 105.5	$ 72	$ 59.9
Software packages
Other Intangible Assets [Line Items]
Amortization expense	$ 39.2	$ 31.3	25.7
Software packages | Payment Services - Puerto Rico & Caribbean
Other Intangible Assets [Line Items]
Impairment loss			$ 4.1

Other Intangible Assets, Net _3

Other Intangible Assets, Net - Estimated Amortization Expenses (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 91,674
2026	78,801
2027	66,542
2028	52,343
2029	35,884
Thereafter	$ 105,641

Other Long-Term Assets (Details

Other Long-Term Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Long-Term Assets [Abstract]
Software maintenance contracts	$ 10,037	$ 11,246
Deferred costs	6,860	5,183
Contract assets	3,458	2,830
Guarantees	3,037	5,593
Deferred-issuance costs - revolving credit facility	1,602	2,153
Other long-term assets	$ 24,994	$ 27,005

Debt and Short-Term Borrowing_2

Debt and Short-Term Borrowings - Total Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Deferred consideration from business combinations	$ 9,895	$ 19,467
Total debt	965,343	997,553
Note Payable
Debt Instrument [Line Items]
Note payable due on September 1, 2030	6,519	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)	$ 426,602	$ 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)	$ 522,327	$ 521,233
Minimum variable rate floor	0.50%
Applicable margin interest rate	2.75%	3.50%

Debt and Short-Term Borrowing_3

Debt and Short-Term Borrowings - Summary of Contractual Principal Payments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	$ 23,867
2026	23,867
2027	381,870
2028	0
2029	0
Thereafter	$ 540,000

Debt and Short-Term Borrowing_4

Debt and Short-Term Borrowings - Additional Information (Details)			1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 30, 2023 USD ($) number_step-up	Dec. 01, 2022 USD ($) number_step-up	Sep. 30, 2023 USD ($)	Dec. 31, 2024 USD ($) derivative_instrument	Dec. 31, 2024 USD ($) derivative_instrument	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 01, 2024
Debt Instrument [Line Items]
Deferred consideration from business combinations				$ 9,895,000	$ 9,895,000	$ 19,467,000
Derivative asset				4,338,000	4,338,000	4,385,000
Derivative liability				1,351,000	1,351,000	900,000
Interest rate swap				4,338,000	4,338,000	4,385,000
Interest rate swaps				1,351,000	1,351,000	900,000
Reclassification of gains (losses) to interest expense					8,100,000	5,600,000	$ (3,000,000)
Reclassification from accumulated comprehensive income (loss) over the next 12 months				$ 1,700,000	$ 1,700,000
Interest Rate Swap
Debt Instrument [Line Items]
Number of interest rate swap agreements | derivative_instrument				3	3
Level 2 | Fair Value, Measurements, Recurring
Debt Instrument [Line Items]
Interest rate swap				$ 4,338,000	$ 4,338,000	4,385,000
Interest rate swaps				$ 1,351,000	$ 1,351,000	900,000
Level 2 | Carrying Amount | Fair Value, Measurements, Recurring
Debt Instrument [Line Items]
Interest rate swap						4,400,000
Interest rate swaps						$ 900,000
Minimum
Debt Instrument [Line Items]
Deferred consideration for business combinations, interest rate				6.30%	6.30%
Maximum
Debt Instrument [Line Items]
Deferred consideration for business combinations, interest rate				13.20%	13.20%
2022 Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Maximum total net leverage ratio		4.50						4
Financing Agreement 2023
Debt Instrument [Line Items]
Notes payable			$ 10,100,000	$ 6,500,000	$ 6,500,000
Financing Agreement 2023 | Notes Payable, Other Payables
Debt Instrument [Line Items]
Interest rate			6.90%
Term A due on December 1, 2027 | Credit Facility
Debt Instrument [Line Items]
Fixed Rate					2%	1.50%
Term A due on December 1, 2027 | 2022 Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 415,000,000
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, additional commitments	$ 60,000,000
Unpaid principal balance				429,600,000	$ 429,600,000
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Fixed Rate	1.50%
Margin interest rate, number of step-ups | number_step-up	4
Margin interest rate, basis point per step-up	0.25%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One
Debt Instrument [Line Items]
Fixed Rate	1.75%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two
Debt Instrument [Line Items]
Fixed Rate	2%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Three
Debt Instrument [Line Items]
Fixed Rate	2.25%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Four
Debt Instrument [Line Items]
Fixed Rate	2.50%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Base Rate
Debt Instrument [Line Items]
Fixed Rate	0.50%
Margin interest rate, number of step-ups | number_step-up	4
Margin interest rate, basis point per step-up	0.25%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Base Rate | Variable Rate Component One
Debt Instrument [Line Items]
Fixed Rate	0.75%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Base Rate | Variable Rate Component Two
Debt Instrument [Line Items]
Fixed Rate	1%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Base Rate | Variable Rate Component Three
Debt Instrument [Line Items]
Fixed Rate	1.25%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Base Rate | Variable Rate Component Four
Debt Instrument [Line Items]
Fixed Rate	1.50%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Adjusted SOFR | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Primary variable rate, basis spread on variable rate	0.10%
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Periodic Payment Component One
Debt Instrument [Line Items]
Line of credit, quarterly installments	$ 5,966,720.78
Term A due on December 1, 2027 | 2023 Credit Agreement | Credit Facility | Periodic Payment Component Two
Debt Instrument [Line Items]
Line of credit, quarterly installments	8,950,081.17
Revolving Credit Facility | 2022 Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 200,000,000
Line of credit, remaining borrowing capacity				193,900,000	$ 193,900,000
Revolving Credit Facility | 2022 Credit Agreement | Credit Facility | Alternate Currency Rate
Debt Instrument [Line Items]
Fixed Rate		1.50%
Margin interest rate, number of step-ups | number_step-up		4
Margin interest rate, basis point per step-up		0.25%
Revolving Credit Facility | 2022 Credit Agreement | Credit Facility | Alternate Currency Rate | Variable Rate Component One
Debt Instrument [Line Items]
Fixed Rate		1.75%
Revolving Credit Facility | 2022 Credit Agreement | Credit Facility | Alternate Currency Rate | Variable Rate Component Two
Debt Instrument [Line Items]
Fixed Rate		2%
Revolving Credit Facility | 2022 Credit Agreement | Credit Facility | Alternate Currency Rate | Variable Rate Component Three
Debt Instrument [Line Items]
Fixed Rate		2.25%
Revolving Credit Facility | 2022 Credit Agreement | Credit Facility | Alternate Currency Rate | Variable Rate Component Four
Debt Instrument [Line Items]
Fixed Rate		2.50%
Term B due on October 30, 2030 | Credit Facility
Debt Instrument [Line Items]
Fixed Rate					2.75%	3.50%
Term B due on October 30, 2030 | 2023 Credit Agreement | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 600,000,000
Repayments of lines of credit				60,000,000
Quarterly amortization, rate	1%
Unpaid principal balance				$ 540,000,000	$ 540,000,000
Term B due on October 30, 2030 | 2023 Credit Agreement | Credit Facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Fixed Rate	2.75%
Term B due on October 30, 2030 | 2023 Credit Agreement | Credit Facility | Base Rate
Debt Instrument [Line Items]
Fixed Rate	1.75%
Term B due on October 30, 2030 | 2023 Credit Agreement | Credit Facility | Adjusted SOFR | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Primary variable rate, basis spread on variable rate	0.10%

Debt and Short-Term Borrowing_5

Debt and Short-Term Borrowings - Interest Rate Swaps (Details)	12 Months Ended
	Dec. 31, 2024 USD ($)
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	Dec. 31, 2024	Dec. 31, 2023
Financial assets:
Debt securities AFS	$ 1,807	$ 2,095
Equity securities	4,976	9,413
Interest rate swap	4,338	4,385
Financial liabilities:
Interest rate swaps	1,351	900
Fair Value, Measurements, Recurring | Level 2
Financial assets:
Interest rate swap	4,338	4,385
Financial liabilities:
Interest rate swaps	1,351	900
Fair Value, Measurements, Recurring | Level 2 | Sinqia, S.A.
Financial assets:
Equity securities	0	6,447
Fair Value, Measurements, Recurring | Level 2 | Debt securities AFS
Financial assets:
Debt securities AFS	1,807	2,095
Fair Value, Measurements, Recurring | Level 3
Financial assets:
Interest rate swap	0	0
Financial liabilities:
Interest rate swaps	0	0
Fair Value, Measurements, Recurring | Level 3 | Sinqia, S.A.
Financial assets:
Equity securities	0	2,966
Fair Value, Measurements, Recurring | Level 3 | Debt securities AFS
Financial assets:
Debt securities AFS	0	$ 0
Fair Value, Measurements, Recurring | Measured at NAV | Sinqia, S.A.
Financial assets:
Equity securities	$ 4,976

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Purchase of available-for sale debt securities	$ 793,000	$ 962,000	$ 254,000
Proceeds from sale of available-for-sale debt securities	0	0
Proceeds from maturities of available-for-sale debt securities	1,100,000	1,000,000
Equity securities, at fair value	4,976,000	9,413,000
Level 3 | Sinqia, S.A. | Fair Value, Measurements, 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	12 Months Ended
	Dec. 31, 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 December 31, 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	Dec. 31, 2024	Dec. 31, 2023
Carrying Amount | 2027 Term A Loan Facility
Financial liabilities:
Term Loan Facility	$ 426,602	$ 449,450
Carrying Amount | 2030 Term B Loan Facility
Financial liabilities:
Term Loan Facility	522,327	521,233
Fair Value | 2027 Term A Loan Facility
Financial liabilities:
Term Loan Facility	433,890	452,337
Fair Value | 2030 Term B Loan Facility
Financial liabilities:
Term Loan Facility	$ 545,400	$ 539,325

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Long Term Liabilities [Line Items]
Unrecognized tax benefits	$ 2,854	$ 5,902	$ 1,480	$ 3,951
Other Noncurrent Liabilities
Other Long Term Liabilities [Line Items]
Unrecognized tax benefits	5,100	2,200
Long-term notes payable	6,500	7,400
Deferred consideration for business combinations	5,500	15,700
Estimated liabilities	6,500	13,900
Other long-term liabilities	$ 3,900	$ 900

Redeemable Non-controlling In_3

Redeemable Non-controlling Interests - Summary of Terms (Details)	Dec. 31, 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 Non-controlling In_4

Redeemable Non-controlling Interests - Changes in Redeemable Non-controlling Interests (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024
Redeemable Noncontrolling Interest [Roll Forward]
Beginning Balance	$ 39,340	$ 36,968
Net income attributable non-controlling interests	365	2,535
Adjustment of redeemable non-controlling interests to redemption value		6,596
Distributions from redeemable non-controlling interests		(294)
Dividends declared on redeemable non-controlling interests	(2,737)	(2,898)
Foreign currency translation adjustments		553
Ending Balance	$ 36,968	$ 43,460

Equity - Additional Information

Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Line Items]
Common stock, authorized (in shares)	206,000,000	206,000,000
Common stock, par value (in dollars per share)	$ 0.01
Common stock, outstanding (in shares)	63,614,077	65,450,799
Preferred stock, authorized (in shares)	2,000,000	2,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, issued (in shares)	0	0
Shares repurchased and retired (in shares)	2,400,000	1,000,000	2,800,000
Repurchase of common stock	$ 82,293	$ 36,096	$ 96,596
B3 S.A. - BRASIL BOLSA BALCAO
Equity [Line Items]
Common stock, outstanding (in shares)	1,164,592	1,164,592

Equity - Summary of Dividend Ac

Equity - Summary of Dividend Activity (Details) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Dividend per share (in dollars per share)	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.20	$ 0.20	$ 0.20

Equity - Summary of Changes in

Equity - Summary of Changes in Balances Comprising Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 598,408	$ 474,748
Ending balance	475,801	598,408
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	18,209	(16,486)
Other comprehensive income (loss) before reclassifications	(144,850)	40,245
Effective portion reclassified to net income	(8,082)	(5,550)
Ending balance	(134,723)	18,209
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	14,847	(23,481)
Other comprehensive income (loss) before reclassifications	(152,851)	38,328
Effective portion reclassified to net income	0	0
Ending balance	(138,004)	14,847
Cash Flow Hedge
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	3,336	6,954
Other comprehensive income (loss) before reclassifications	8,008	1,932
Effective portion reclassified to net income	(8,082)	(5,550)
Ending balance	3,262	3,336
Unrealized Gains on Debt Securities AFS
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	26	41
Other comprehensive income (loss) before reclassifications	(7)	(15)
Effective portion reclassified to net income	0	0
Ending balance	$ 19	$ 26

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum unrecognized cost for stock options	$ 38.1
Unrecognized compensation cost, weighted average period of recognition	1 year 10 months 24 days
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance adjustment percent	25%
Performance measurement period	1 year
Requisite service period	2 years
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance payout percent	0%
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance payout percent	200%
Time Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Share-based Compensation - Nonv

Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Details) - RSUs - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares
Beginning balance (in shares)	1,799,012	1,363,780	1,086,329
Granted (in shares)	1,161,455	1,072,494	709,350
Vested (in shares)	(791,833)	(608,800)	(421,764)
Forfeited (in shares)	(164,370)	(28,462)	(10,135)
Ending balance (in shares)	2,004,264	1,799,012	1,363,780
Weighted average grant date fair value
Beginning balance (in dollar per share)	$ 39.42	$ 38.96	$ 34.73
Granted (in dollar per share)	36.76	37.53	41.90
Vested (in dollar per share)	39.25	36.92	33.02
Forfeited (in dollar per share)	36.01	39.46	37.66
Ending balance (in dollar per share)	$ 38.71	$ 39.42	$ 38.96

Share-based Compensation - Shar

Share-based Compensation - Share-based Compensation Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation recognized, net	$ 30,275	$ 25,732	$ 19,956

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Defined contribution saving plan, vesting period	5 years
Defined contribution saving plan cost	$ 1.4	$ 1.4	$ 1.1

Total Other Income (Expenses) (

Total Other Income (Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income And Expense [Line Items]
Gain in research and development tax credits	$ 8,900
Government Assistance, Nonoperating Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income, net
Gains on foreign currency transactions	$ (5,198)	$ (8,276)	$ (7,645)
Loss on extinguishment of debt	0	1,433	1,311
Other Nonoperating Income (Expense)
Other Income And Expense [Line Items]
Gains on foreign currency transactions	3,200	3,600	2,400
Gain on sale of investments	3,100
Gain (loss) on change in fair value	$ 500	(1,200)
Loss on extinguishment of debt		$ 1,400	$ 1,300

Income Tax - Components of Inco

Income Tax - Components of Income Tax (Benefit) Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current tax provision	$ 31,573	$ 21,621	$ 29,418
Deferred tax benefit	(26,726)	(16,144)	(435)
Income tax expense	$ 4,847	$ 5,477	$ 28,983

Income Tax - Segregation of Inc

Income Tax - Segregation of Income Tax Expense (Benefit) Based on Location of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income before income tax provision
Income before income tax provision	$ 119,626	$ 85,353	$ 267,852
Current tax provision
Total current tax provision	31,573	21,621	29,418
Deferred tax (benefit) provision
Total deferred tax benefit	(26,726)	(16,144)	(435)
Puerto Rico
Income before income tax provision
Income before income tax provision	94,287	64,096	246,049
Current tax provision
Puerto Rico	6,055	3,187	9,096
Deferred tax (benefit) provision
Puerto Rico	(13,775)	(9,991)	4,564
United States
Income before income tax provision
Income before income tax provision	683	627	273
Current tax provision
United States	270	141	389
Deferred tax (benefit) provision
United States	33	54	6
Foreign countries
Income before income tax provision
Income before income tax provision	24,656	20,630	21,530
Current tax provision
Foreign countries	25,248	18,293	19,933
Deferred tax (benefit) provision
Foreign countries	$ (12,984)	$ (6,207)	$ (5,005)

Income Tax - Additional Informa

Income Tax - Additional Information (Details) $ in Thousands				12 Months Ended
	Dec. 01, 2013	Oct. 19, 2012 USD ($) employee	Oct. 11, 2011	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Income Tax Examination [Line Items]
Unremitted earnings for foreign subsidiaries				$ 165,200	$ 137,000
Preferential tax rate	4%	4%	7%	4%
Commitments to maintain tax exemption grant, minimum number of employees to be maintained, second period | employee		700
Commitments to maintain tax exemption grant, investments		$ 200,000
Commitments to maintain tax exemption grant, investment increment, term		4 years
Commitments to maintain tax exemption grant, investment increment		$ 50,000
Deferred tax liabilities, net				$ 5,600
Deferred tax assets, net					35,500
Deferred tax asset, valuation allowance				5,300	4,600
Deferred tax liabilities, net				10,934	40,070
Unrecognized tax benefits				2,854	5,902	$ 1,480	$ 3,951
Unrecognized tax expense				700	800	$ 200
Interest and penalties accrued				2,900	$ 5,600
Possible decrease in uncertain tax positions				2,300
Puerto Rico
Income Tax Examination [Line Items]
Commitments to maintain tax exemption grant, percentage of resident employees		80%
NOL carryforwards available to offset future taxable income				65,000
United States
Income Tax Examination [Line Items]
NOL carryforwards available to offset future taxable income				$ 68,500
Income Tax
Income Tax Examination [Line Items]
Tax exemption period		15 years

Income Tax - Components of Defe

Income Tax - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets (“DTA”)
Allowance for doubtful accounts	$ 201	$ 430
Unearned income	8,628	6,426
Lease liability	1,324	1,940
Share-based compensation	2,785	2,442
Accrued liabilities	9,419	10,255
Net operation losses	43,219	33,689
Other	3,439	5,664
Total gross deferred tax assets	69,015	60,846
Deferred tax liabilities (“DTL”)
Capitalized salaries	2,486	2,514
Difference between the assigned values and the tax basis of assets and liabilities recognized in business combinations	67,298	89,582
Right of use asset	1,290	1,716
Amortization of tax goodwill on business combination	5,193	1,808
Other	3,682	5,296
Total gross deferred tax liabilities	79,949	100,916
Deferred tax liability, net	$ (10,934)	$ (40,070)

Income Tax - Operating Loss Car

Income Tax - Operating Loss Carryforwards (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Income Tax Disclosure [Abstract]
2028	$ 109
2029	1,657
2030	2,926
2031	3,430
2032	2,219
2033	1,724
2034	4,486
2035	520
Indefinitely	$ 115,667

Income Tax - Reconciliation of

Income Tax - Reconciliation of Total Amounts of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Balance, beginning of year	$ 5,902	$ 1,480	$ 3,951
Gross increases—tax positions in prior period	0	70	62
Gross decreases—tax positions in prior period	(758)	0	(35)
Gross increases—tax positions in current period	0	4,996	0
Lapse of statute of limitations	(2,290)	(644)	(2,498)
Balance, end of year	$ 2,854	$ 5,902	$ 1,480

Income Tax - Income Tax Expense

Income Tax - Income Tax Expense Differs from Computed Income Tax at Statutory Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Statutory income tax rate	37.50%
Computed income tax at statutory rates	$ 44,859	$ 32,007	$ 100,445
Differences in tax rates due to multiple jurisdictions	4,823	4,038	3,347
Excess tax benefits on share-based compensation	(502)	(81)	348
Effect of income subject to tax-exemption grant	(43,808)	(30,123)	(34,638)
Effect of the gain on sale of a business	0	0	(39,645)
Unrecognized tax (benefit) expense	(3,492)	(1,083)	(3,438)
Tax credits for research and development activities	0	(884)	0
Valuation allowance	0	2,194	0
Other, net	2,967	(591)	2,564
Income tax expense	$ 4,847	$ 5,477	$ 28,983

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net income available to EVERTEC, Inc.'s common shareholders, basic	$ 112,620	$ 79,722	$ 239,009
Net income available to EVERTEC, Inc.'s common shareholders, diluted	$ 112,620	$ 79,722	$ 239,009
Weighted average common shares outstanding (in shares)	64,286,725	64,932,114	68,701,434
Weighted average potential dilutive common shares (in shares)	790,810	882,203	611,283
Weighted average common shares outstanding-assuming dilution (in shares)	65,077,535	65,814,317	69,312,717
Net income per common share - basic (in dollar per share)	$ 1.75	$ 1.23	$ 3.48
Net income per common share - diluted (in dollar per share)	$ 1.73	$ 1.21	$ 3.45

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - Office Facilities, Buildings, Telecommunications, And Other Equipment	12 Months Ended
	Dec. 31, 2024
Lessee, Lease, Description [Line Items]
Lease renewal term	5 years
Termination period	1 year
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	5 years

Commitments and Contingencies_2

Commitments and Contingencies - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lease, Cost [Abstract]
Operating lease cost	$ 7,821	$ 7,273
Variable lease cost	2,943	2,910
Total lease costs	10,764	10,183
Right-of-use assets obtained in exchange for operating lease liabilities	$ 3,920	$ 7,176	$ 0
Weighted average remaining lease term, in years	3 years	3 years
Weighted average discount rate	3.80%	0.90%

Commitments and Contingencies_3

Commitments and Contingencies - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease liability - current	$ 6,229	$ 6,693
Operating lease liability - long-term	4,924	9,033
Total operating lease liabilities	11,153	15,726
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2025	8,177
2026	3,408
2027	2,568
2028	1,186
2029	193
Thereafter	12
Total future minimum lease payments	15,544
Less: imputed interest	(4,391)
Total	$ 11,153	$ 15,726

Segment Information - Additiona

Segment Information - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Number of operating segments | segment	4
Total revenues | $	$ 845,486	$ 694,709	$ 618,409
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues | $	$ (96,522)	$ (84,352)	$ (74,677)
Total Revenue | Customer Concentration Risk | Puerto Rico
Segment Reporting Information [Line Items]
Percentage of total revenue from major customer	5%	7%	7%
Total Revenue | Customer Concentration Risk | Popular
Segment Reporting Information [Line Items]
Percentage of total revenue from major customer	31%	35%	39%

Segment Information - Informati

Segment Information - Information about Operations by Business Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 845,486	$ 694,709	$ 618,409
Segment Adjusted EBITDA	376,372	326,296	307,642
Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Total revenues	139,343	135,973	118,261
Latin America Payments and Solutions
Segment Reporting Information [Line Items]
Total revenues	281,668	169,410	113,764
Merchant Acquiring, net
Segment Reporting Information [Line Items]
Total revenues	180,500	162,366	151,085
Business Solutions
Segment Reporting Information [Line Items]
Total revenues	243,975	226,960	235,299
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	942,008	779,061	693,086
Less: Other segment items	(565,636)	(452,765)	(385,444)
Segment Adjusted EBITDA	376,372	326,296	307,642
Operating Segments | Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Total revenues	214,749	203,232	178,481
Less: Other segment items	(93,359)	(84,966)	(77,621)
Segment Adjusted EBITDA	121,390	118,266	100,860
Operating Segments | Latin America Payments and Solutions
Segment Reporting Information [Line Items]
Total revenues	302,784	186,503	128,221
Less: Other segment items	(223,103)	(126,345)	(85,614)
Segment Adjusted EBITDA	79,681	60,158	42,607
Operating Segments | Merchant Acquiring, net
Segment Reporting Information [Line Items]
Total revenues	180,500	162,366	151,085
Less: Other segment items	(107,868)	(101,374)	(87,478)
Segment Adjusted EBITDA	72,632	60,992	63,607
Operating Segments | Business Solutions
Segment Reporting Information [Line Items]
Total revenues	243,975	226,960	235,299
Less: Other segment items	(141,306)	(140,080)	(134,731)
Segment Adjusted EBITDA	102,669	86,880	100,568
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	(96,522)	(84,352)	(74,677)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Total revenues	(75,406)	(67,259)	(60,220)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean | Processing Fee
Segment Reporting Information [Line Items]
Total revenues	(57,600)	(52,900)	(49,500)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean | Transaction Processing and Monitoring Fees
Segment Reporting Information [Line Items]
Total revenues	(17,800)	(14,300)	(10,700)
Intersegment Eliminations | Payment Services - Puerto Rico & Caribbean | Software Sale and Developments
Segment Reporting Information [Line Items]
Total revenues	(21,100)	(17,100)	(14,500)
Intersegment Eliminations | Latin America Payments and Solutions
Segment Reporting Information [Line Items]
Total revenues	(21,116)	(17,093)	(14,457)
Intersegment Eliminations | Merchant Acquiring, net
Segment Reporting Information [Line Items]
Total revenues	0	0	0
Intersegment Eliminations | Business Solutions
Segment Reporting Information [Line Items]
Total revenues	$ 0	$ 0	$ 0

Segment Information - Reconcili

Segment Information - Reconciliation of Segment Adjusted EBITDA to Consolidated Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 376,372	$ 326,296	$ 307,642
Total revenues	845,486	694,709	618,409
Loss on foreign currency remeasurement	(5,198)	(8,276)	(7,645)
Interest income	13,332	8,512	3,121
Interest expense	(74,733)	(32,321)	(24,772)
Depreciation and amortization	(127,846)	(93,621)	(78,618)
Income before income tax provision	119,626	85,353	267,852
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	(96,522)	(84,352)	(74,677)
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Other expenses	60,378	50,027	43,155
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment
Segment Reporting Information [Line Items]
Compensation and benefits	(31,644)	(29,312)	(20,335)
Transaction, refinancing and other fees	4,217	(53,545)	118,860
Earnings of equity method investments, net of dividends received	1,270	1,945	1,121
Loss on foreign currency remeasurement	(5,198)	(8,276)	(7,645)
Interest income	13,332	8,512	3,121
Interest expense	(74,733)	(32,321)	(24,772)
Depreciation and amortization	$ (127,846)	$ (93,621)	$ (78,618)

Segment Information - Segment I

Segment Information - Segment Information by Geographic Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 845,486	$ 694,709	$ 618,409
Puerto Rico
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	543,568	505,246	481,676
Caribbean
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	20,250	20,053	22,969
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 281,668	$ 169,410	$ 113,764

Segment Information - Long-Live

Segment Information - Long-Lived Assets By Location (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 62,059	$ 62,453
Puerto Rico
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	44,563	43,627
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 17,496	$ 18,826

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares

3 Months Ended

12 Months Ended

Feb. 20, 2025

Dec. 31, 2024

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2023

Sep. 30, 2023

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Subsequent Event [Line Items]

Cash dividends declared per share (in dollarsper share)

$ 0.05

$ 0.05

$ 0.05

$ 0.05

$ 0.05

$ 0.05

$ 0.05

$ 0.05

$ 0.20

$ 0.20

$ 0.20

Subsequent Event

Subsequent Event [Line Items]

Cash dividends declared per share (in dollarsper share)

$ 0.05

Condensed Financial Statement_2

Condensed Financial Statements Parent Company Only - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 273,645	$ 295,600	$ 185,274
Prepaid expenses and other assets	61,383	64,704
Total current assets	529,065	561,354
Investment in subsidiaries, at equity	29,472	21,145
Deferred tax asset	33,877	47,847
Total assets	1,857,611	2,060,263
Current Liabilities:
Accrued liabilities	124,553	129,160
Accounts payable	58,729	66,516
Income tax payable	8,981	3,402
Total liabilities	1,338,350	1,424,887
Stockholders’ equity:
Common stock	636	654
Additional paid-in capital	7,003	36,527
Accumulated earnings	599,608	538,903
Accumulated other comprehensive (loss) income, net of tax	(134,723)	18,209
Total EVERTEC, Inc. stockholders’ equity	472,524	594,293
Total liabilities and equity	1,857,611	2,060,263
EVERTEC
Current Assets:
Cash and cash equivalents	1,683	2,118
Prepaid expenses and other assets	17	5,908
Total current assets	1,700	8,026
Investment in subsidiaries, at equity	482,665	617,025
Deferred tax asset	22,934	8,640
Total assets	507,299	633,691
Current Liabilities:
Accrued liabilities	280	374
Accounts payable	34,335	39,024
Income tax payable	160	0
Total liabilities	34,775	39,398
Stockholders’ equity:
Common stock	636	654
Additional paid-in capital	7,003	36,527
Accumulated earnings	599,608	538,903
Accumulated other comprehensive (loss) income, net of tax	(134,723)	18,209
Total EVERTEC, Inc. stockholders’ equity	472,524	594,293
Total liabilities and equity	$ 507,299	$ 633,691

Condensed Financial Statement_3

Condensed Financial Statements Parent Company Only - Condensed Statements of Income and Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-operating income (expenses)
Earnings of equity method investment	$ 4,298	$ 4,976	$ 2,968
Interest income	13,332	8,512	3,121
Other income, net	16,261	367	1,138
Income before income taxes	119,626	85,353	267,852
Income tax (expense) benefit	4,847	5,477	28,983
Net income attributable to EVERTEC, Inc.’s common stockholders	112,620	79,722	239,009
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(152,851)	38,328	12,490
(Loss) gain on cash flow hedges	(74)	(3,618)	19,215
Unrealized loss on change in fair value of debt securities available-for-sale	(7)	(15)	(68)
Total comprehensive (loss) income attributable to EVERTEC, Inc.’s common stockholders	(40,312)	114,417	270,646
EVERTEC
Non-operating income (expenses)
Earnings of equity method investment	100,545	71,600	72,549
Interest income	592	497	290
Other income, net	(2,037)	(1,956)	166,745
Income before income taxes	99,100	70,141	239,584
Income tax (expense) benefit	(13,520)	(9,581)	575
Net income attributable to EVERTEC, Inc.’s common stockholders	112,620	79,722	239,009
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(152,851)	38,328	12,490
(Loss) gain on cash flow hedges	(74)	(3,618)	19,215
Unrealized loss on change in fair value of debt securities available-for-sale	(7)	(15)	(68)
Total comprehensive (loss) income attributable to EVERTEC, Inc.’s common stockholders	$ (40,312)	$ 114,417	$ 270,646

Condensed Financial Statement_4

Condensed Financial Statements Parent Company Only - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Cash flows from operating activities	$ 260,059	$ 211,194	$ 219,901
Cash flows from financing activities
Dividends paid	(12,873)	(13,025)	(13,773)
Repurchase of common stock	(82,293)	(36,096)	(96,596)
Statutory withholding taxes paid on share-based compensation	(9,970)	(5,956)	(5,685)
Net cash (used in) provided by financing activities	(152,560)	416,366	(153,308)
Net (decrease) increase in cash, cash equivalents and restricted cash	(29,075)	128,067	(70,260)
Cash, cash equivalents, restricted cash, and cash included in settlement assets at beginning of the period	343,724	215,657	285,917
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period	314,649	343,724	215,657
EVERTEC
Condensed Financial Statements, Captions [Line Items]
Cash flows from operating activities	104,701	55,515	116,052
Cash flows from financing activities
Dividends paid	(12,873)	(13,025)	(13,772)
Repurchase of common stock	(82,293)	(36,096)	(96,595)
Statutory withholding taxes paid on share-based compensation	(9,970)	(5,956)	(5,685)
Net cash (used in) provided by financing activities	(105,136)	(55,077)	(116,052)
Net (decrease) increase in cash, cash equivalents and restricted cash	(435)	438	0
Cash, cash equivalents, restricted cash, and cash included in settlement assets at beginning of the period	2,118	1,680	1,680
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period	$ 1,683	$ 2,118	$ 1,680