Evertec Inc 2025年季度报告

EVERTEC, Inc. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller Large accelerated filerNon-acceleratedfiler AcceleratedfilerSmallerreportingcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. At May1, 2025, there were63,614,077outstanding shares of common stock of EVERTEC, Inc. Part I. FINANCIAL INFORMATION Item1.Financial Statements Unaudited Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (Loss) for the threemonths ended March 31, 2025 and 2024Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31, 2025 and 2024 4Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and20245Notes to Unaudited Condensed Consolidated Financial Statements6 Item2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures about Market RiskItem4.Controls and ProceduresPart II. OTHER INFORMATION FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Report”) contains “forward-looking statements” within the meaning of, and subject to theprotection of, the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by thesafe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements otherthan statements of historical fact contained in this Report, including, without limitation, statements regarding our position as a leaderwithin our industry; our future results of operations and financial position; our business strategies; objectives of management for future Words such as “believes,” “expects,” "anticipates," "intends," "projects," “estimates,” and “plans” and similar expressions of future orconditional verbs such as "will," "should," "would," "may," and "could" or the negatives of these terms or variations of them or similarterminology are generally forward-looking in nature and not historical facts. Readers are cautioned that any such forward-lookingstatements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may •our reliance on our relationship with Popular, Inc. (“Popular”) for a significant portion of our revenues pursuant to oursecond Amended and Restated Master Services Agreement (“A&R MSA”) with them, and as it may impact our ability togrow our business;•our ability to renew our client contracts on terms favorable to us, including but not limited to the current term and anyextension of the A&R MSA with Popular and Amended and Restated Independent Sales Organization Sponsorship andServices Agreement (the “A&R ISO Agreement”) with Banco Popular;•our reliance on our information technology systems, employees and certain suppliers and counterparties, and certainfailures or disruptions in those systems or chains could materially adversely affect our operations;•the risk of security breaches or other confidential data theft from our systems;•our ability to recruit, retain and develop qualified personnel;•fraud by merchants or others;•the credit risk of our merchant clients, for which we may also be liable;•our use of artificial intelligence (“AI”) and machine learning tools and the evolving regulatory framework governingsuch technology;•a decreased client base due to consolidations and/or failures in the financial services industry; •our ability to comply with existing and future rules and regulations in the jurisdictions in which w