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Evertec Expands in Brazil with Tecnobank Acquisition

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Evertec Expands in Brazil with Tecnobank Acquisition

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Evertec ( (EVTC) ) has issued an announcement.

On September 29, 2025, Evertec, Inc. announced key executive appointments effective November 1, 2025. Joaquín A. Castrillo was promoted to Senior Executive Vice President and Chief Operating Officer, Karla M. Cruz-Jusino was appointed as Executive Vice President and Chief Financial Officer and Treasurer, and Diego Viglianco was named Executive Vice President and Chief Information Officer. These appointments reflect the company’s strategic focus on strengthening its leadership team with experienced professionals, potentially enhancing its operational efficiency and market competitiveness. Additionally, on October 1, 2025, Evertec Brasil Informática S.A., a subsidiary of Evertec, completed the acquisition of 75% of Tecnobank Tecnologia Bancária S.A. for approximately USD 148 million, marking a significant expansion in Brazil’s fintech sector.

The most recent analyst rating on (EVTC) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Evertec stock, see the EVTC Stock Forecast page.

Spark’s Take on EVTC Stock

According to Spark, TipRanks’ AI Analyst, EVTC is a Outperform.

Evertec’s strong financial performance and positive earnings call are the primary drivers of its stock score. While technical indicators suggest caution, the company’s solid growth prospects and strategic initiatives provide a balanced outlook.

To see Spark’s full report on EVTC stock, click here.

More about Evertec

Average Trading Volume: 331,649

Technical Sentiment Signal: Sell

Current Market Cap: $2.15B

For an in-depth examination of EVTC stock, go to TipRanks’ Overview page.

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