Evertec Sees Low-to-Mid Single-Digit Revenue Drop While Expanding Brazil Footprint
Evertec's Business Solutions segment forecasts a low to mid single-digit revenue decline in 2026 due to the Banco Popular discount while closing Tecnobank and starting Dimensa acquisition in Brazil. Healthy deals with Banco de Chile and Grupo Aval and low leverage underpin organic growth prospects and further strategic M&A.
1. Business Solutions Revenue Outlook
Evertec expects its Business Solutions segment to face a low to mid single-digit revenue decline in 2026 due to a discount granted to Banco Popular, reflecting increased competitive pricing and contractual adjustments.
2. Strategic Acquisitions in Brazil
Evertec closed the Tecnobank acquisition and announced plans to acquire Dimensa, a joint venture with Totos and B3, to broaden its product suite in Brazil, enter new insurance verticals and leverage cross-selling opportunities.
3. Growth Drivers and M&A Capacity
A healthy Latin American pipeline, highlighted by deals with Banco de Chile and Grupo Aval, is set to drive organic growth, while Evertec's conservative leverage ratio supports continued strategic M&A for expansion.
4. ATH Movil Performance and Puerto Rico Economy
ATH Movil continues strong growth in Puerto Rico as a preferred payment method, supported by stable employment and consumer spending trends, bolstering Evertec's digital payments business outlook for 2026.