Net Income Per Common Share

9 Months Ended

Sep. 30, 2023

Net Income Per Common ShareThe reconciliation of the numerator and denominator of the income per common share is as follows:


	Three Months Ended September 30,				Nine months ended September 30,
(In thousands, except per share information)	2023		2022		2023		2022
Net income available to EVERTEC, Inc.’s common shareholders	$	10,036	$	137,814	$	68,243	$	210,301
Weighted average common shares outstanding	64,648,542		66,398,547		64,886,551		69,906,483
Weighted average potential dilutive common shares (1)	1,130,717		647,262		819,045		682,432
Weighted average common shares outstanding - assuming dilution	65,779,259		67,045,809		65,705,596		70,588,915
Net income per common share - basic	$	0.16	$	2.08	$	1.05	$	3.01
Net income per common share - diluted	$	0.15	$	2.06	$	1.04	$	2.98

(1)Potential common shares consist of common stock issuable under RSUs awards using the treasury stock method.

On February 16, 2023, April 20, 2023 and July 20, 2023, respectively the Company's Board declared quarterly cash dividends of $0.05 per share of common stock, which was paid on March 17, 2023, June 2, 2023 and September 1, 2023, respectively to stockholders' of record on February 28, 2023, May 1, 2023 and July 31, 2023, respectively.