EVERTEC (EVTC) Posts an 8% Revenue Growth With Latin America Leading the Charge

EVERTEC, Inc. (NYSE:EVTC) is one of the oversold software stocks to buy according to Wall Street analysts. On May 6, EVERTEC, Inc. (NYSE:EVTC) reported Q1 2026 results, with total revenue rising 8% year over year to $247.9 million and exceeding consensus estimates by 3.47%. Mac Schuessler, President and CEO of the company, said that the revenue growth came on the back of organic growth across most of the company’s business segments and the full-quarter revenue contribution from Tecnobank. EVERTEC acquired Tecnobank in October last year.

Schuessler added that Latin America posted standout numbers, with segment revenue surging 32% year over year on a reported basis to $110.3 million. This jump was helped by Tecnobank, a reacceleration in Brazil, and a $6.8 million foreign exchange tailwind from the appreciation of the Brazilian real.

However, this growth was partially offset by the Business Solutions segment, whose revenue fell 9% to $59.5 million. The reason for this decline, according to Karla Cruz-Jusino, the CFO, was a 10% price discount that EVERTEC had agreed to give to Popular, Inc., its largest client. The discount took effect in Q4 2025. Another reason, as per the CFO, was the absence of a one-time hardware and software sale that had boosted Q1 2025.

The earnings aside, EVERTEC disclosed that it closed the Dimensa acquisition on April 30, 2026. This transaction cost EVERTEC about R$981 million (roughly $181 million). Dimensa is a B2B financial software provider serving over 15,000 financial institutions in Brazil. It has dominant positions in insurance, about 65% market share, and risk management, which are two verticals where EVERTEC had no prior presence.

EVERTEC, Inc. (NYSE:EVTC) is a financial technology and software company. It provides electronic payment processing, business solutions, and transaction management services across Latin America and the Caribbean.

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