1. Fiserv for Latin American payments.

2. The Global Payments of Latin America and the Caribbean.

• Payment Processing Services: Facilitates electronic payment transactions, including credit, debit, and ATM services for financial institutions and businesses.
• Merchant Acquiring Services: Enables merchants to accept electronic payments from customers by providing point-of-sale devices, payment gateways, and transaction settlement.
• Business Process Management (BPM) Services: Offers technology and outsourcing solutions for critical back-office operations, primarily for financial institutions and government entities.

Evertec (symbol: EVTC) primarily sells its services to other companies, financial institutions, and government agencies, operating on a Business-to-Business (B2B) model.

Based on its latest regulatory filings (Form 10-K), Evertec's single most significant customer is:

• Popular, Inc. (symbol: BPOP) - The parent company of Banco Popular de Puerto Rico. Banco Popular de Puerto Rico accounted for approximately 35% of Evertec's total revenue in 2023.

While no other single customer accounted for 10% or more of Evertec's total revenue in 2023, the company broadly serves customers across the following categories:

• Financial institutions: This includes other banks and credit unions in Puerto Rico and Latin America that leverage Evertec's payment processing and core banking solutions.
• Merchants: Businesses of various sizes, from small enterprises to large retailers, that utilize Evertec's merchant acquiring and payment processing services.
• Corporations and governmental agencies: These customers engage Evertec for a range of business solutions, including IT outsourcing, network hosting, and other technology services.

• Visa Inc. (V)
• Mastercard Incorporated (MA)

Morgan M. "Mac" Schuessler, President & Chief Executive Officer

Mac Schuessler has served as President, Chief Executive Officer, and a member of the Board of Evertec since 2015. He brings over 25 years of global experience in technology and payments. Prior to joining Evertec, he served as President of International for Global Payments Inc. (NYSE: GPN), overseeing business operations in 23 countries across Europe and Asia. From 2008 to 2012, he was Executive Vice President and Chief Administrative Officer at Global Payments. Before Global Payments, Schuessler held several leadership positions with American Express, Inc., including Vice President, Global Purchasing Solutions, where he managed the company's purchasing card business globally. He has also served on the boards of international payments organizations, such as Visa's Senior Client Council and UnionPay International. He currently serves on the boards of Deluxe Corporation (NYSE: DLX) and several nonprofit organizations. He holds a bachelor's degree from New York University and an MBA from Emory University's Goizueta Business School.

Karla Cruz Jusino, Chief Financial Officer

Karla Cruz Jusino is the Chief Financial Officer of Evertec, a role she assumed effective November 1, 2025. She joined Evertec in 2019 and has held roles of increasing responsibility within the finance organization, including Senior Vice President, Chief Accounting Officer and Assistant Treasurer; Vice President of Finance; Assistant Treasurer; and Corporate Tax Director. She has over 18 years of experience in auditing and finance. Prior to Evertec, she worked as an assurance director at PwC. Ms. Cruz Jusino is a Certified Public Accountant and a graduate of the University of Puerto Rico.

Joaquín Castrillo Salgado, Senior Executive Vice President and Chief Operating Officer

Joaquín Castrillo Salgado was appointed Senior Executive Vice President and Chief Operating Officer of Evertec, effective November 1, 2025. He joined Evertec in 2012 and previously served as the Chief Financial Officer from 2018 until his promotion to COO. Before joining Evertec, he worked at PwC as an Audit Manager in the Banking & Capital Markets group in New York and Puerto Rico. He holds a B.B.A. with dual concentrations in Finance and Accounting from Villanova University and is a Certified Public Accountant.

Diego Viglianco, Chief Information Officer

Diego Viglianco is the Chief Information Officer at Evertec. He joined the company in 2021 and brings over 30 years of experience in technology, operations, and payments. Prior to Evertec, he served as Chief Executive Officer of Interbanking S.A., a digital financial ACH and real-time payments provider in Argentina. He also held senior leadership roles at Prisma Medios de Pago in Argentina, Mastercard in Argentina and Miami, Florida, and PROSA (Promoción y Operación S.A. de C.V.) in Mexico.

Luis A. Rodríguez, Chief Legal & Administrative Officer

Luis A. Rodríguez serves as Evertec's Chief Legal & Administrative Officer. He joined the company in 2015 after a career in law and finance that included roles as Executive Director at J.P. Morgan in New York, Vice President in the Distressed Products Group at Deutsche Bank, and Associate at Davis Polk & Wardwell LLP. Earlier in his career, he served as Assistant Secretary at the Department of Economic Development and Commerce of Puerto Rico. He holds a bachelor's degree from Princeton University and a Juris Doctor from Stanford Law School.

• The increasing adoption and proliferation of real-time payment (RTP) systems and open banking initiatives across Latin America and the Caribbean. These systems enable instant account-to-account transfers, potentially bypassing traditional card networks and their associated fees. As these government or central bank-led infrastructures gain traction for both person-to-person and person-to-business payments, they could reduce the volume and revenue derived from Evertec's core card processing and merchant acquiring services. Examples such as Brazil's highly successful PIX system demonstrate the potential for rapid displacement of traditional payment methods, with similar initiatives emerging or under consideration in other Evertec operating regions.
• Intensified competition from digital-first challenger banks (neobanks) and fintech companies rapidly expanding their presence and offerings in Evertec's core markets. These agile competitors often provide comprehensive financial services, including payment processing, merchant acquiring, and digital wallets, frequently with lower fees and superior user experiences tailored for small and medium-sized enterprises (SMEs) and underserved populations. Companies like Mercado Pago and Nubank are building extensive ecosystems that directly compete with Evertec by leveraging modern technology stacks and customer-centric approaches, potentially eroding Evertec's market share and hindering its growth in key segments.

For Evertec (EVTC), the addressable markets for its main products and services are identified as follows:

Merchant Acquiring

• Globally, the merchant acquiring market was valued at $25.43 billion in 2024 and is projected to grow to $28.2 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. This market is expected to reach $42.16 billion by 2029 at a CAGR of 10.6%. Another estimate indicates the global merchant acquiring market size was USD 20311.51 million in 2022 and is expected to expand to USD 31659.3 million by 2028.

Payment Processing / Payment Services

• The payment processing solutions market in Latin America generated a revenue of approximately US$ 4.76 billion (USD 4,759.7 million) in 2023. This market is expected to reach a projected revenue of approximately US$ 13.5 billion (US$ 13,498.8 million) by 2030, with a compound annual growth rate of 16.1% from 2024 to 2030.
• The broader Latin American payments market, which includes point-of-sale (POS) transactions, mobile and online payments, card-based transfers, digital wallets, and real-time payment systems, was valued at USD 715.28 billion in 2024. This market is expected to reach USD 1,704.62 billion by 2033, growing at a CAGR of 10.13% during the forecast period.
• For real-time payments specifically within Latin America, the market size was estimated at $300 million in 2022 and is projected to reach $750 million by 2027, demonstrating a Compound Annual Growth Rate (CAGR) of 20%.
• The global payment processing market (vendor revenue) is projected to generate between $60 billion and $140 billion in 2025. Latin America is estimated to contribute 4–8% of this global processor revenue in 2025.

Business Solutions / Business Process Management

• null

Caribbean Region (for all main products)

• null

Evertec (EVTC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Expansion in Latin America through Organic Growth and Strategic Acquisitions: Evertec has demonstrated strong performance and a clear strategy for growth in the Latin American market. The company's Latin America Payments & Solutions segment has shown significant revenue increases, fueled by organic expansion across the region, particularly in Brazil, and contributions from strategic acquisitions such as Tecnobank, Grandata, and Nubity. Recent deals with institutions like Banco de Chile and Financiera Oh in Peru further underscore this expansion.
2. Ongoing Migration from Cash to Electronic Payments: The broader trend of consumers shifting from cash to electronic payments in Latin America and the Caribbean is a significant tailwind for Evertec. This societal shift is anticipated to continue creating substantial growth opportunities for the company.
3. Development and Growth of Digital Payment Solutions and New Products: Evertec is actively expanding its suite of digital solutions to cater to evolving market demands. This includes e-commerce gateway platforms like Placetopay, mobile payment services such as ATH Movil and ATH Business, and comprehensive issuing and acquiring processing platforms like Paystudio. The company has also developed software to leverage Brazil's instant money transfer system, Pix, further enhancing its digital offerings.
4. Outsourcing of Technology Systems by Financial Institutions and Governments: Evertec is well-positioned to capitalize on the trend of financial institutions and government agencies in Latin America and the Caribbean outsourcing their technology systems. This provides an avenue for the company to offer its mission-critical technology solutions and transaction processing services to a diversified customer base.

Share Repurchases

• Evertec's Board of Directors increased the share repurchase authorization to an aggregate of $150 million, extending the program through December 2026.
• In March 2024, Evertec entered into an accelerated share repurchase agreement to repurchase $70 million of its common stock, which was expected to be completed by the third quarter of 2024. This increased the total authorization to $220 million with an expiration date of December 31, 2025.
• For the full year 2023, Evertec repurchased 1.0 million shares of its common stock for a total of $36.1 million. Approximately $137.5 million remained authorized for future use at December 31, 2023.

Share Issuance

• As of October 31, 2025, there were 63,983,841 outstanding shares of common stock.
• As of June 30, 2025, Evertec had 63,982,005 shares issued and outstanding, compared to 63,614,077 shares as of December 31, 2024.

Outbound Investments

• Evertec completed the acquisition of a 75% controlling stake in Tecnobank, a Brazilian fintech specializing in digital vehicle financing contract registration, for approximately $148 million (BRL 787 million). This acquisition was completed in October 2025 and aims to expand Evertec's presence in the Brazilian market.
• In November 2024, Evertec acquired Grandata, a Big Data Analytics company, taking a 100% stake.
• In 2023, Evertec acquired Sinqia, a leading provider of software solutions for financial institutions in Brazil, which was closed on November 1, 2023. Evertec also acquired paySmart, a provider of processing solutions for issuers in Brazil, and expanded into Chile and Peru with the acquisition of BBR.

Capital Expenditures

• Evertec anticipates capital expenditures to be approximately $85 million for the full year 2025.
• During the nine months ended September 30, 2025, the company invested approximately $67.9 million in capital resources. For the same period in 2024, the investment was approximately $69.8 million.
• Primary focus of capital expenditures is on hardware, computer software (purchased and internally developed), and additions to property and equipment.