As of September 30, 2024, EVERTEC, Inc. reported total assets of $1,894.97 million, a decrease from $2,060.26 million at the end of 2023. Total current assets also declined to $533.64 million from $561.35 million, while total liabilities decreased from $1,424.89 million to $1,349.02 million. Accumulated earnings rose to $562.73 million, up from $538.90 million, but total stockholders’ equity fell to $502.62 million from $594.29 million.

In terms of financial performance, EVERTEC experienced significant revenue growth. For the three months ended September 30, 2024, revenues reached $211.80 million, a 22% increase from $173.20 million in the same period of 2023. For the nine months ended September 30, 2024, revenues totaled $629.09 million, up 26% from $500.09 million year-over-year. This growth was driven by increased transaction volumes in the Payment Services segment and contributions from the recently acquired Sinqia S.A. in Brazil.

Income from operations for the third quarter of 2024 was $41.54 million, compared to $39.56 million in the prior year. Net income for the same period surged to $25.20 million from $9.96 million in 2023. For the nine-month period, net income increased to $74.11 million from $68.07 million. Diluted net income per share for the third quarter rose to $0.38, up from $0.15 in the previous year.

Operating costs and expenses for the three months ended September 30, 2024, totaled $170.25 million, an increase from $133.64 million in 2023, primarily due to higher personnel costs and cloud services. For the nine months, total operating costs rose to $511.39 million from $385.66 million.

Strategically, EVERTEC completed the acquisition of Sinqia S.A. on November 1, 2023, enhancing its capabilities in the Latin American market. The company also entered into an accelerated share repurchase agreement in March 2024, repurchasing $70 million of its common stock, resulting in the retirement of approximately 1.98 million shares.

Cash flow from operating activities for the nine months ended September 30, 2024, was $184.90 million, compared to $158.30 million in the prior year. The company reported cash and cash equivalents of $275.36 million as of September 30, 2024, an increase from $177.82 million a year earlier.

Overall, EVERTEC's financial results reflect robust growth in revenues and profitability, supported by strategic acquisitions and operational efficiencies, despite challenges in asset management and equity levels.