# EVERTEC, Inc. (EVTC) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_6b042cf29415a6d70f9a · retrieved 2026-08-11T16:12:42.469Z

## Overview
EVERTEC, Inc. is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing merchant acquiring, payment services and business process management services.

On July 31, 2026, EVERTEC's Board of Directors approved an increase to the company's existing share repurchase authorization to permit future repurchases of up to an aggregate of $150 million worth of common stock ($0.01 par value), while maintaining the current expiration date of December 31, 2027. Prior to this authorization increase, approximately $83.0 million remained available under the program. The company may repurchase shares in the open market, through accelerated share repurchase programs, Rule 10b5-1 plans, or in privately negotiated transactions, subject to business opportunities and other factors.

## Terms
- Deal value: $150.0M · Consideration: cash

## Key dates
- Announced 2026-08-04 · Expiry 2027-12-31

## Timeline
- 2026-08-04 · 8-K (0001559865-26-000043): 8-K - EVERTEC, Inc. — *EVERTEC, Inc. is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing merchant acquiring, payment services and business process management services.* On July 31, 2026, EVERTEC's Board of Directors approved an increase to the company's existing share repurchase authorization to permit future repurchases of up to an aggregate of $150 million worth of common stock ($0.01 par value), while maintaining the current expiration date of December 31, 2027. Prior to this authorization increase, approximately $83.0 million remained available under the program. The company may repurchase shares in the open market, through accelerated share repurchase programs, Rule 10b5-1 plans, or in privately negotiated transactions, subject to business opportunities and other factors.
  https://www.sec.gov/Archives/edgar/data/1559865/0001559865-26-000043.txt

## Citations
- 0001559865-26-000043 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000155986526000043