Green Dot

Green Dot Corp. operates as a financial technology and registered bank holding company. engages in providing modern banking and money movement products that are accessible for all. It operates through the following segments: Consumer Services,Business to Business Services and Money Movement Services The company was founded by Steven W. Streit on October 1, 1999 and is headquartered in Austin, TX.

Earnings data Q1 2021

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Earnings data Q4 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Green Dot reports revenue growth and strategic focus for 2023

Green Dot's Q4 2022 earnings call highlighted revenue growth, technology advancements, and strategic priorities for 2023. The company provided detailed insights on segment performance and outlined plans for a leaner, more nimble operation. Despite challenges from partner losses, Green Dot remains optimistic about future growth opportunities and aims for stronger performance in 2024.

Green Dot reports Q1 results, eyes growth in embedded finance

Green Dot's Q1 performance reflects a focus on cost management and strategic initiatives for growth. Despite some challenges in specific segments, the company maintains a strong financial position and is optimistic about future opportunities in embedded finance and partnerships. The outlook includes potential revenue growth in Q4 and improved operating leverage in 2024.

Green Dot reports revenue growth amidst earnings decline in Q2

Green Dot's Q2 2023 performance saw revenue growth but earnings decline due to various factors impacting different segments.
New partnerships, technology transformation, and focus on embedded finance present opportunities for future growth and efficiency.
Challenges include margin compression from BaaS contract restructuring and revenue declines in certain segments.
Overall, Green Dot's strategic initiatives and partnerships position them well for future growth and profitability.

Green Dot reports mixed Q3 results, focuses on B2B growth

Green Dot's Q3 performance showed revenue growth in B2B but decline in Consumer segment, with strategic priorities on processor conversions and compliance infrastructure. Challenges included partner deconversions and legacy brand attrition, while opportunities lie in B2B growth and regulatory focus for sustained growth.

Green Dot navigates challenges, eyes growth in diverse segments

Green Dot's Q4 2023 showcased achievements amidst challenges, with revenue and profit details shared for key segments.
The company focuses on customer care, regulatory compliance, and revenue growth acceleration for 2024.
Mixed performance across segments with revenue declines in Consumer and Money Movement, offset by B2B growth.
Positive outlook for 2024 with expectations of revenue growth and margin improvements in various segments.

Green Dot reports solid Q1 earnings, cautious on M&A

Green Dot's Q1 2024 earnings call showcased solid revenue growth, reiterated guidance, and a focus on risk management and compliance. Executives highlighted key initiatives for efficiency and revenue growth, while expressing caution on M&A in the short term. The company's performance reflects a balance between growth momentum and profitability concerns.

Green Dot reports robust Q3 earnings, eyes growth in embedded finance

Green Dot's Q3 2024 performance reflected strong growth in non-GAAP revenue and adjusted EBITDA, driven by B2B segment expansion and strategic initiatives.
While facing challenges in retail channels, the company showcased resilience, sequential growth in consumer revenue, and a focus on efficiency and scale in the B2B segment.
Opportunities in embedded finance, BaaS partnerships, and improved margins in Q4 position Green Dot for long-term success and financial stability.
Addressing challenges in retail and money processing segments while leveraging strengths in compliance and sustainable opportunities will be crucial for sustained growth.

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Green Dot Corp. is a financial technology and registered bank holding company. It engages in providing modern banking and money movement products that are accessible for all. It operates through the following segments: Consumer Services, Business to Business (B2B) Services, Money Movement Services, and Corporate and Other. The Consumer Services segment consists of checking accounts, prepaid cards, secured credit cards, and gift cards. The B2B Services segment covers the partnerships with some of the consumer and technology companies. The Money Movement segment includes facilitating the movement of cash on behalf of consumers and businesses, such as money processing services and tax refund processing services. The company was founded by Steven W. Streit on October 1, 1999 and is headquartered in Austin, TX.

REPAY has partnered with Green Dot to enable REPAY's business clients to accept cash bill payments. With this collaboration, the customers of REPAY's clients will be able to pay bills with cash in person at more than 45,000 retail locations that are members of the Green Dot Network, the companies said in a Thursday (Dec.

REPAY Partners With Green Dot to Enable Cash Bill Payments

AUSTIN, Texas--(BUSINESS WIRE)-- #BaaS--The Green Dot Network will enable bill payment options for REPAY's clients and their customers who transact in cash.

REPAY Partners with Green Dot to Expand Cash Bill Pay Innovations for Consumers and Businesses

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NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

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Green Dot Corporation is facing challenges due to a decrease in customers and the end of partnerships in its traditional consumer division and Banking-as-a-Service sector. The company's Q3 results showed strong performance in the B2B Services segment but fell short of street estimates for adjusted EBITDA and EPS. The high costs related to processing and notable transaction losses are taking a toll on its profit margins.

Green Dot: Navigating A Tough Operating Environment

Green Dot is a FinTech company focused on cash/debit services, targeting the unbanked and underbanked population. My overall investment thesis revolves around the potential of GO2bank as a digital bank for the underbanked population. GDOT is currently trading at roughly $8.4 which would give the stock a P/E of 4.9x to 5.2x.

Green Dot: Current Troubles Are Hiding Future Potential

AUSTIN, Texas--(BUSINESS WIRE)-- #BaaS--Green Dot Corporation (NYSE: GDOT) today announced the appointment of Dave Harden as Chief Technology Officer supporting the company's ongoing effort to become a more streamlined, efficient and powerful technology company focused on building and delivering seamless and scalable banking and payment tools for consumers and businesses. As Chief Technology Officer, Harden will be responsible for overseeing the ongoing development and delivery of Green Dot's technolog.

Green Dot Appoints Dave Harden as Chief Technology Officer

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Green Dot (GDOT) third-quarter 2023 earnings plunge 68.2% while revenue inch up 1.4% year over year.

Green Dot (GDOT) Stock Plunges 34% Since Q3 Earnings Miss

The company's customer base has been challenges by high interest rates and inflation. Guidance indicates that profit headwinds will persist.

Why Green Dot Stock Plunged Today

Green Dot Corporation (NYSE:GDOT ) Q3 2023 Results Conference Call November 9, 2023 5:00 PM ET Company Participants Tim Willi - Senior Vice President of Finance George Gresham - Chief Executive Officer and President Jess Unruh - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Chris Kennedy - William Blair Michael Perito - KBW John Hecht - Jefferies James Rush - Craig Hallum Operator Good day, and welcome to the Green Dot Corporation Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Green Dot Corporation (GDOT) Q3 2023 Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended September 30, 2023. “Despite continued headwinds, we are encouraged by the progress we made completing our processor conversions and the opportunity to refocus our resources and efforts on growth-oriented initiatives,” said George Gresham, Chief Executive Office.

Green Dot Reports Third Quarter 2023 Results

Besides Wall Street's top -and-bottom-line estimates for Green Dot (GDOT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2023.

Gear Up for Green Dot (GDOT) Q3 Earnings: Wall Street Estimates for Key Metrics

Green Dot (GDOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Green Dot (GDOT) to Report a Decline in Earnings: What to Look Out for

AUSTIN, Texas--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) will host a conference call and earnings webcast to discuss third quarter 2023 financial results on Thursday, November 9th, 2023 at 5:00 p.m. ET. A press release with the company's third quarter 2023 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same we.

Green Dot to Announce Third Quarter 2023 Results on November 9th

AUSTIN, Texas--(BUSINESS WIRE)-- #BaaS--Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech committed to powering consumers and businesses with seamless and affordable banking and payment tools, today announced the appointment of Michelleta (“Mich”) Razon to its Board of Directors, effective immediately. “Ms. Razon is a proven and highly respected technology executive and strategist, and we look forward to benefitting from her insights and guidance as Green Dot evolves as a growth-fo.

Green Dot Appoints Michelleta (“Mich”) Razon to its Board of Directors

FinTech Green Dot and investing platform Stockpile have partnered to make investing and personal finance more accessible to consumers of all ages.  The collaboration will introduce innovative products, tools and features to empower individuals, the companies said in a Tuesday (Oct. 3) press release.

Stockpile and Green Dot Partner on Debit Cards for Minors

AUSTIN, Texas--(BUSINESS WIRE)-- #BaaS--Powered by Green Dot's BaaS Platform, Stockpile Will Offer Debit Cards with Parental Spending Controls and More Features and Functionality to Come.

Stockpile and Green Dot Partner to Deliver Simple, Affordable Financial Services to Investors of All Ages

Financial services company Green Dot partnered with lending platform Credibly to offer small businesses new financial products. The partnership will see Credibly employ Green Dot's Banking-as-a-Service (BaaS) platform to give small- to medium-sized businesses (SMBs) a more seamless banking experience, better cash flow management and faster access to capital, according to a Tuesday (Sept.

Green Dot and Credibly Team on Small Business Banking

DETROIT & AUSTIN, Texas--(BUSINESS WIRE)-- #BaaS--Powered by Green Dot, Credibly will add business checking to its growing suite of products and services designed to serve and empower small businesses.

Credibly Partners with Green Dot to Power Small Businesses with Simple, Seamless and Accessible Banking Solutions

Accelerated investments in products and platform parts bode well for Green Dot's (GDOT) business in the mid to long term. A long-standing relation with Walmart benefits the company's revenue generation.

Green Dot (GDOT) Benefits From Long-Standing Relation With Walmart

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Green Dot Corporation's GDOT increasing investments in products and platform components are likely to benefit its long-term business prospects. The company has a praiseworthy tactic of broadening its target market via banking-as-a-service account programs.

Green Dot (GDOT) Rides on Long Standing Relation With Walmart

Green Dot's (GDOT) second-quarter 2023 earnings and revenues fall year over year.

Green Dot (GDOT) Stock Plunges 15% Despite Q2 Earnings Beat

AUSTIN, Texas--(BUSINESS WIRE)-- #BaaS--The PLS family of financial service centers, one of the nation's largest providers of community based financial services, and Green Dot Corporation (NYSE: GDOT) today announced a new partnership to build and deliver seamless, affordable and useful financial tools and services to PLS' five million-plus customers. Powered by Green Dot's embedded financial services platform, PLS will offer Xpectations!® Plus featuring a new demand deposit account (DDA) and other too.

PLS Partners with Green Dot to Deliver Convenient, Affordable Banking and Payments Tools to Millions of U.S. Consumers

News for Green Dot Stock (GDOT)