How did Evertec's revenue and expenses shift in Q4 2024?

Evertec's revenue and expenses in Q4 2024 showed a notable shift, with key changes across different business segments: 1. **Revenue Shift**: - **Latin America Payments and Solutions**: This segment saw a significant increase, with $281.67 million in revenue, up from $224.91 million in the previous quarter. This indicates a strong performance and potential growth in this region. - **Business Solutions**: Revenue in this segment was $243.98 million, down from $281.67 million in the previous quarter. This decline might reflect a strategic shift or operational adjustments within the segment. - **Merchant Acquiring, Net**: Revenue increased to $180.5 million, up from $159.99 million in the previous quarter. This suggests a positive trend in merchant acquiring activities. - **Payment Processing**: Revenue was $159.99 million, relatively unchanged from the previous quarter. 2. **Expense Shift**: - **Latin America Payments and Solutions**: Expenses were $224.91 million, down from $243.98 million in the previous quarter. This reduction could be due to cost management efforts or operational efficiencies in this segment. - **Business Solutions**: Expenses were $181.57 million, down from $243.98 million in the previous quarter. This indicates a reduction in costs associated with business solutions. - **Merchant Acquiring, Net**: Expenses were $133.86 million, up from $119.34 million in the previous quarter. This might reflect increased costs associated with merchant acquiring activities. - **Payment Processing**: Expenses were $139.34 million, relatively unchanged from the previous quarter. 3. **Other**: Evertec reported a negative $71.23 million in other expenses. This could be due to various factors including strategic initiatives, one-time costs, or non-recurring expenses. In summary, Evertec's Q4 2024 financials show a mixed picture with significant shifts in revenue and expenses across different segments. The company has managed to increase revenue in key segments while controlling costs, except for a notable increase in expenses in the Merchant Acquiring, Net segment. The negative other expenses require further analysis for understanding the underlying factors.