EVERTEC, Inc.

Second-quarter revenue was approximately $275 million, up 20% year over year; on a constant-currency basis, revenue grew approximately 16%. Adjusted EBITDA was approximately $109 million, up 18% year over year, and adjusted EBITDA margin was 39.8% versus 40.3% last year. Adjusted net income increased 12% to $65 million, and adjusted EPS rose to $1.05 from $0.89, up 18%. For full-year 2026, the company now expects reported revenue of $1.085 billion to $1.095 billion (16.4% to 17.5% growth), constant-currency revenue growth of 14.5% to 15.6%, adjusted EBITDA margin of 39% to 40%, adjusted EPS growth of 8.8% to 11.7% from $3.62 in 2025, effective tax rate of about 11% to 12%, and capex of $90 million. Management also said total liquidity was about $420 million at quarter-end, unrestricted cash was $261 million, and net debt to trailing 12-month adjusted EBITDA was about 2.55x.

Mac Schuessler emphasized that EVERTEC is executing a balanced strategy of organic growth, acquisitions, and disciplined capital allocation. He framed Transbank as one of the most important commercial wins in company history and said it validates EVERTEC’s technology and deepens its strategic relevance in Chile. He also highlighted Clip, Metropistas, Dimensa, BBChain, and AI initiatives as evidence that the platform is broadening and that the company sees additional long-term growth and profitability opportunities.

Karla Cruz-Jusino walked through the quarter’s financial performance, noting 20% reported revenue growth to $275 million, 18% adjusted EBITDA growth to $109 million, and adjusted EBITDA margin of 39.8%. She said adjusted net income was $65 million and adjusted EPS was $1.05, while segment margins reflected the mix shift toward Latin America and the lower-margin Dimensa contribution. On cash and capital allocation, she said the company generated $91 million of operating cash flow through Q2, spent about $199 million on Dimensa, returned $73 million to shareholders, ended with $261 million of unrestricted cash, and had roughly $420 million of total liquidity; she also said the weighted average interest rate was about 6% and leverage was 2.55x, within the target range.

Analysts focused heavily on the Transbank win, asking about its economic significance, timing, and how it compares with prior Chile relationships. Management said it is a multi-year migration deal that should begin contributing in the second half of 2027 and fully ramp in 2028, and explained that Chile still has legacy bank-owned acquiring infrastructure, which creates room for these conversion opportunities. Questions also centered on Mexico, Dimensa integration, and the drivers of Puerto Rico merchant growth; management said Mexico remains very small but strategically important, Dimensa is meeting or slightly exceeding expectations, and the Q2 merchant growth benefited from new merchants, pricing actions, tax relief, and resilient consumer spend.