Green Dot Reports Second Quarter 2013 Non-GAAP Revenue Growth of 4%, Adjusted EBITDA growth of 10% and Non-GAAP diluted EPS of

  Green Dot Reports Second Quarter 2013 Non-GAAP Revenue Growth of 4%,
  Adjusted EBITDA growth of 10% and Non-GAAP diluted EPS of $0.33 on Higher
  Customer Retention and Usage

  *Announces large scale prepaid distribution expansion into 20,000
    additional retail locations
  *Announces entry into the check cashing distribution channel
  *Announces expanded GoBank marketing through college campuses, mobile
    carriers and retailers
  *Raises outlook for 2013

Business Wire

PASADENA, Calif. -- July 30, 2013

Green Dot Corporation (NYSE: GDOT), today reported financial results for the
second quarter ended June30, 2013.

For the second quarter of 2013, Green Dot reported a 4% year-over-year
increase in non-GAAP total operating revenues^1 to $142.6 million and non-GAAP
diluted earnings per share^1 of $0.33. GAAP results for the second quarter
were $140.6 million in total operating revenues and $0.25 in diluted earnings
per share.

Net cash provided by operating activities in the quarter more than doubled
year-over-year to $62.6 million.

“We are pleased to deliver growth in revenues, adjusted EBITDA, and non-GAAP
EPS in Q2. Additionally, we generated more than $60 million in operating cash
flows. These solid financial results for this quarter combined with
substantial distribution wins, the successful launch of our GoBank Mobile Bank
Account product and our entry into new greenfield customer channels, like
college campuses and check cashing stores, provides evidence that Green Dot
Corporation has successfully navigated through the past year of uncertainty.
Despite aggressive competition from large financial services companies and
rigid self-imposed risk controls that materially reduced new customer
enrollment, we believe Green Dot remains the clear leader in the prepaid space
and is well positioned for the future," said Steve Streit, Green Dot's
Chairman and Chief Executive Officer.

GAAP financial results for the second quarter of 2013 compared to the second
quarter of 2012:

  *Total operating revenues on a generally accepted accounting principles
    (GAAP) basis increased 4% to $140.6 million for the second quarter of 2013
    from $135.0 million for the second quarter of 2012
  *GAAP net income increased 4% to $11.3 million for the second quarter of
    2013 from $10.9 million for the second quarter of 2012
  *GAAP basic and diluted earnings per common share were $0.26 and $0.25,
    respectively, for the second quarter of 2013 versus $0.26 and $0.25,
    respectively, for the second quarter of 2012

Non-GAAP financial results for the second quarter of 2013 compared to the
second quarter of 2012:^1

  *Non-GAAP total operating  revenues^1 increased 4% to $142.6 million for
    the second quarter of 2013 from $137.6 million for the second quarter of
    2012
  *Non-GAAP net income^1 increased 4% to $14.8 million for the second quarter
    of 2013 from $14.3 million for the second quarter of 2012
  *Non-GAAP diluted earnings per share^1 was $0.33 for the second quarter of
    2013 versus $0.32 for the second quarter of 2012
  *EBITDA plus employee stock-based compensation expense and stock-based
    retailer incentive compensation expense (adjusted EBITDA^1) increased 10%
    to $29.6 million for the second quarter of 2013 from $27.0 million for the
    second quarter of 2012

Key business metrics for the quarter ended June30, 2013:

  *Number of cash transfers was 11.32 million for the second quarter of 2013,
    an increase of 1.18 million, or 12%, versus the second quarter of 2012
  *Number of active cards at quarter end was 4.39 million, a decrease of 0.05
    million, or 1%, versus the second quarter of 2012
  *Gross dollar volume (GDV) was $4.4 billion for the second quarter of 2013,
    an increase of $445 million, or 11%, versus the second quarter of 2012
  *Purchase volume was $3.2 billion for the second quarter of 2013, an
    increase of $305 million, or 10%, versus the second quarter of 2012

Please refer to the Company's latest Quarterly Report on Form 10-Q for a
description of the key business metrics described above. The following table
shows the Company's quarterly key business metrics for each of the last six
calendar quarters:

              2013                2012
                 Q2       Q1        Q4       Q3       Q2       Q1
                 (In millions)
Number of
cash               11.32    11.25       11.04    10.52    10.14    10.09
transfers
Number of
active
cards at           4.39      4.49        4.37      4.42      4.44      4.69
quarter
end
Gross
dollar           $ 4,425   $ 5,072     $ 4,279   $ 4,070   $ 3,980   $ 4,823
volume
Purchase         $ 3,248   $ 3,582     $ 3,233   $ 2,966   $ 2,943   $ 3,487
volume
                                                                             

Select Business Updates

  *Green Dot products are currently being rolled out to approximately 20,000
    new retail locations. These new distribution outlets include The Home
    Depot, Kroger Convenience Stores, Save-a-Lot retail stores, Dollar General
    and the previously announced Dollar Tree.
  *Green Dot and Green Dot Bank have launched a new initiative called Project
    Outreach whereby the company has made it a strategic priority to become a
    leading provider of prepaid cards and other types of bank accounts through
    the nation's best and largest Community Based Financial Service Centers
    (also known as check cashers). Green Dot has already signed distribution
    agreements with three of the largest and best known check cashing
    operations throughout the five boroughs of the greater New York City metro
    area, which ranks as the #1 check cashing market in the U.S.
  *In June 2013, Green Dot announced the proposed transfer of the Walmart
    MoneyCard portfolio from GE Consumer Retail Bank to Green Dot Bank, which
    is subject to regulatory approval. Green Dot believes having Green Dot
    Bank become the bank issuer and insured depository for the MoneyCard
    program will mitigate a key business and regulatory risk of relying on a
    third party non-affiliated bank to provide these foundational services for
    the program while also creating certain financial efficiencies post
    transfer, if approved.
  *GoBank was released to the general public over the July 4th holiday to
    strong reviews from various media outlets. The distribution/promotional
    pipeline for GoBank has expanded to now include 7-Eleven, Barnes and Noble
    college book stores, the UCLA main campus hub bookstore, and US Cellular,
    a large regional mobile carrier.

John Keatley, Green Dot's Chief Financial Officer, added, "Green Dot once
again saw solid gains in the average quality of our portfolio with increases
in revenue per customer and cardholder retention. We continued to see solid
gains in direct deposit enrollment, which increased 11% year-over-year, and
non-GAAP revenue per active card, which increased 5%. The resilience of our
core business gives us sufficient clarity to raise our full year non-GAAP
revenue guidance to $565-575 million and increase our outlook for adjusted
EBITDA to $95-105 million for the full year. This guidance reflects
significant investments in the second half of the year required to roll out
our new retail locations and check cashing partners, and to support our new
GoBank partnerships. It also reflects the technology and compliance expenses
associated with the proposed migration of accounts from GE Consumer Retail
Bank to Green Dot Bank. We believe that these investments will provide a solid
foundation for growth as we look to 2014 and beyond."

Updated Outlook for 2013

Green Dot's updated outlook is based on a number of assumptions that Green Dot
believes are reasonable at the time of this earnings release. Information
regarding potential risks that could cause the actual results to differ from
these forward-looking statements is set forth below and in Green Dot's filings
with the Securities and Exchange Commission.

For 2013, Green Dot now expects full year non-GAAP total operating revenues^2
to be in the range of $565 million to $575 million. Green Dot now expects
adjusted EBITDA^2 to be between $95 million and $105 million for the full
year, and full-year non-GAAP diluted EPS^2 to be between $1.05 and $1.20.

Conference Call

The Company will host a conference call to discuss second quarter 2013
financial results today at 5:00 p.m. ET. In addition to the conference call,
there will be a webcast presentation of accompanying slides accessible on the
Company's investor relations website. Hosting the call will be Steve Streit,
Chief Executive Officer, and John Keatley, Chief Financial Officer. The
conference call can be accessed live over the phone by dialing (877) 300-8521,
or (412) 317-6026 for international callers. A replay will be available
approximately two hours after the call concludes and can be accessed by
dialing (877) 870-5176 or (858) 384-5517 for international callers; the
conference ID is 10031326. The replay of the webcast will be available until
Tuesday, August 6, 2013. The live call and the replay, along with supporting
materials, can also be accessed through the Company's investor relations
website at http://ir.greendot.com/.

Forward-Looking Statements

This earnings release contains forward-looking statements, which are subject
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, among other things, statements regarding
the Company's full-year 2013 guidance, including all the statements under
"Updated Outlook for 2013," and other future events that involve risks and
uncertainties. Actual results may differ materially from those contained in
the forward-looking statements contained in this earnings release, and
reported results should not be considered as an indication of future
performance. The potential risks and uncertainties that could cause actual
results to differ from those projected include, among other things, the
Company's dependence on revenues derived from Walmart and three other retail
distributors, impact of competition, the Company's reliance on retail
distributors for the promotion of its products and services, demand for the
Company's new and existing products and services, continued and improving
returns from the Company's investments in new growth initiatives, the
possibility that the migration of accounts from GE Consumer Retail Bank to
Green Dot Bank does not achieve regulatory approval, potential difficulties in
integrating operations of acquired entities and acquired technologies, the
Company's ability to operate in a highly regulated environment, changes to
existing laws or regulations affecting the Company's operating methods or
economics, the Company's reliance on third-party vendors and card issuing
banks, changes in credit card association or other network rules or standards,
changes in card association and debit network fees or products or interchange
rates, instances of fraud developments in the prepaid financial services
industry that impact prepaid debit card usage generally, business interruption
or systems failure, and the Company's involvement litigation or
investigations.These and other risks are discussed in greater detail in the
Company's Securities and Exchange Commission filings, including its most
recent annual report on Form 10-K and quarterly report on Form 10-Q, which are
available on the Company's investor relations website at
http://ir.greendot.com/ and on the SEC website at www.sec.gov. All information
provided in this release and in the attachments is as of July30, 2013, and
the Company assumes no obligation to update this information as a result of
future events or developments.

      Reconciliations of total operating revenues to non-GAAP total operating
      revenues, net income to non-GAAP net income, diluted earnings per share
      to non-GAAP diluted earnings per share and net income to adjusted
 1  EBITDA, respectively, are provided in the tables immediately following
      the consolidated financial statements of cash flows. Additional
      information about the Company's non-GAAP financial measures can be found
      under the caption “About Non-GAAP Financial Measures” below.
      

      Reconciliations of forward-looking guidance for these non-GAAP financial
 2  measures to their respective, most directly comparable projected GAAP
      financial measures are provided in the tables immediately following the
      reconciliation of Net Income to Adjusted EBITDA.
      

About Non-GAAP Financial Measures

To supplement the Company's consolidated financial statements presented in
accordance with accounting principles generally accepted in the United States
of America (GAAP), the Company uses measures of operating results that are
adjusted to exclude net interest income; income tax expense; depreciation and
amortization; employee stock-based compensation expense; and stock-based
retailer incentive compensation expense. This earnings release includes
non-GAAP total operating revenues, non-GAAP net income, non-GAAP earnings per
share, non-GAAP weighted-average shares issued and outstanding and adjusted
EBITDA. It also includes full-year 2013 guidance for non-GAAP total operating
revenues, adjusted EBITDA and Non-GAAP diluted earnings per share. These
non-GAAP financial measures are not calculated or presented in accordance
with, and are not alternatives or substitutes for, financial measures prepared
in accordance with GAAP, and should be read only in conjunction with the
Company's financial measures prepared in accordance with GAAP. The Company's
non-GAAP financial measures may be different from similarly-titled non-GAAP
financial measures used by other companies. The Company believes that the
presentation of non-GAAP financial measures provides useful information to
management and investors regarding underlying trends in its consolidated
financial condition and results of operations. The Company's management
regularly uses these supplemental non-GAAP financial measures internally to
understand, manage and evaluate the Company's business and make operating
decisions. For additional information regarding the Company's use of non-GAAP
financial measures and the items excluded by the Company from one or more of
its historic and projected non-GAAP financial measures, investors are
encouraged to review the reconciliations of the Company's historic and
projected non-GAAP financial measures to the comparable GAAP financial
measures, which are attached to this earnings release, and which can be found
by clicking on “Financial Information” in the Investor Relations section of
the Company's website at http://ir.greendot.com/.

About Green Dot

Green Dot Corporation is a publicly traded bank holding company with a mission
to reinvent personal banking for the masses. Its products and brands include
Green Dot brand reloadable prepaid debit cards, the Green Dot Reload Network,
the Green Dot MoneyPak and GoBank. The Company's prepaid products and services
are available in more than 60,000 retail stores nationwide and online at
Greendot.com. GoBank is available online at GoBank.com and via the Apple App
Store and Google Play, and additional distribution locations. The company is
headquartered in Pasadena, Calif. with technology offices in Mountain View,
Calif. and Westlake Village, Calif. and its bank subsidiary, Green Dot Bank,
located in Provo, Utah.

                                                                             
                                                                             
GREEN DOT CORPORATION

CONSOLIDATED BALANCE SHEETS
                                                          
                                            June 30,            December 31,
                                            2013                2012
                                            (Unaudited)
                                            (In thousands, except par value)
Assets
Current assets:
Unrestricted cash and cash                  $  406,110          $   293,590
equivalents
Federal funds sold                             919                  3,001
Investment securities                          103,713              115,244
available-for-sale, at fair value
Settlement assets                              48,694               36,127
Accounts receivable, net                       42,000               40,441
Prepaid expenses and other assets              14,926               31,952
Income tax receivable                          —                    7,386
Net deferred tax assets                       2,338              2,478
Total current assets                           618,700              530,219
Restricted cash                                637                  634
Investment securities,                         68,754               68,543
available-for-sale, at fair value
Accounts receivable, net                       10,147               10,931
Loans to bank customers, net of
allowance for loan losses of $460 and          7,226                7,552
$475 as of June 30, 2013 and December
31, 2012, respectively
Prepaid expenses and other assets              1,514                1,530
Property and equipment, net                    58,363               58,376
Deferred expenses                              7,722                12,510
Net deferred tax assets                        4,666                4,629
Goodwill and intangible assets                30,740             30,804
Total assets                                $  808,469         $   725,728
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable                            $  15,860           $   31,411
Deposits                                       201,359              198,451
Obligations to customers                       67,749               46,156
Settlement obligations                         17,617               3,639
Amounts due to card issuing banks for          52,139               50,724
overdrawn accounts
Other accrued liabilities                      30,562               29,469
Deferred revenue                               16,824               19,557
Income tax payable                            6,204              —
Total current liabilities                      408,314              379,407
Other accrued liabilities                     32,287             18,557
Total liabilities                              440,601              397,964
                                                                             
Stockholders’ equity:
Convertible Series A preferred stock,
$0.001 par value: 10 shares
authorized and 7 shares issued and             7                    7
outstanding as of June 30, 2013 and
December 31, 2012, respectively
Class A common stock, $0.001 par
value; 100,000 shares authorized as
of June 30, 2013 and December 31,
2012, respectively; 32,513 and 31,798          32                   31
shares issued and outstanding as of
June 30, 2013 and December 31, 2012,
respectively
Class B convertible common stock,
$0.001 par value, 100,000 shares
authorized as of June 30, 2013 and
December 31, 2012, respectively;               4                    4
3,909 and 4,197 shares issued and
outstanding as of June 30, 2013 and
December 31, 2012, respectively
Additional paid-in capital                     172,007              158,656
Retained earnings                              195,851              168,960
Accumulated other comprehensive               (33      )          106
income (loss)
Total stockholders’ equity                    367,868            327,764
Total liabilities and stockholders’         $  808,469         $   725,728
equity

                                                                             
                                                                             
GREEN DOT CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)
                                                          
                     Three Months Ended June       Six Months Ended June 30,
                     30,
                     2013          2012            2013          2012
                     (In thousands, except per share data)
Operating
revenues:
Card revenues        $ 55,029      $ 57,862        $ 119,697     $ 119,084
and other fees
Cash transfer          45,633        40,246          89,968        79,889
revenues
Interchange            41,913        39,528          88,669        83,034
revenues
Stock-based
retailer              (1,967  )    (2,593  )      (3,576  )    (5,783  )
incentive
compensation
Total operating        140,608       135,043         294,758       276,224
revenues
Operating
expenses:
Sales and
marketing              51,680        53,014          107,857       105,586
expenses
Compensation and
benefits               31,200        27,880          62,954        54,033
expenses
Processing             19,948        19,016          41,947        39,866
expenses
Other general
and                   20,425      17,998        41,305      33,966  
administrative
expenses
Total operating       123,253     117,908       254,063     233,451 
expenses
Operating income       17,355        17,135          40,695        42,773
Interest income        855           1,185           1,674         2,144
Interest expense      (16     )    (17     )      (33     )    (41     )
Income before          18,194        18,303          42,336        44,876
income taxes
Income tax            6,890       7,434         15,445      17,639  
expense
Net income             11,304        10,869          26,891        27,237
Income
attributable to       (1,798  )    (1,756  )      (4,289  )    (4,406  )
preferred stock
Net income
allocated to         $ 9,506      $ 9,113        $ 22,602     $ 22,831  
common
stockholders
Basic earnings
per common
share:
Class A common       $ 0.26       $ 0.26         $ 0.63       $ 0.64    
stock
Class B common       $ 0.26       $ 0.26         $ 0.63       $ 0.64    
stock
Basic
weighted-average
common shares
issued and
outstanding:
Class A common        31,463      29,098        31,208      28,968  
stock
Class B common        3,917       5,171         4,006       5,200   
stock
Diluted earnings
per common
share:
Class A common       $ 0.25       $ 0.25         $ 0.61       $ 0.62    
stock
Class B common       $ 0.25       $ 0.25         $ 0.61       $ 0.62    
stock
Diluted
weighted-average
common shares
issued and
outstanding:
Class A common        36,690      35,746        36,459      35,810  
stock
Class B common        4,975       6,640         5,086       6,830   
stock

                                                                             
                                                                             
GREEN DOT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)
                                                          
                                               Six Months Ended June 30,
                                               2013             2012
                                               (In thousands)
Operating activities
Net income                                     $ 26,891         $ 27,237
Adjustments to reconcile net income to
net cash provided by operating
activities:
Depreciation and amortization                    13,003           7,741
Provision for uncollectible overdrawn            28,555           30,592
accounts
Employee stock-based compensation                6,509            6,621
Stock-based retailer incentive                   3,576            5,783
compensation
Amortization of premium on                       277              629
available-for-sale investment securities
Realized gains on investment securities          (11      )       (5       )
Provision (recovery) for uncollectible           1                (364     )
trade receivables
Impairment of capitalized software               1,156            872
Deferred income tax expense                      189              —
Excess tax benefits from exercise of             (847     )       (2,651   )
options
Changes in operating assets and
liabilities:
Accounts receivable, net                         (29,331  )       (35,106  )
Prepaid expenses and other assets                17,042           (12,481  )
Deferred expenses                                4,788            5,387
Accounts payable and other accrued               2,203            20,193
liabilities
Amounts due issuing bank for overdrawn           1,415            8,138
accounts
Deferred revenue                                 (2,733   )       (9,651   )
Income tax receivable                           14,437         3,670    
Net cash provided by operating                   87,120           56,605
activities
                                                                             
Investing activities
Purchases of available-for-sale                  (110,112 )       (140,750 )
investment securities
Proceeds from maturities of                      82,062           11,300
available-for-sale securities
Proceeds from sales of                           38,879           20,122
available-for-sale securities
Decrease in restricted cash                      (3       )       (122     )
Payments for acquisition of property and         (17,013  )       (16,892  )
equipment
Net principal collections (distribution)         326              1,744
on loans
Acquisitions, net of cash acquired              —              (33,427  )
Net cash used in investing activities            (5,861   )       (158,025 )
                                                                             
Financing activities
Proceeds from exercise of options                2,420            2,549
Excess tax benefits from exercise of             847              2,651
options
Net increase (decrease) in deposits              2,908            (6,034   )
Net increase in obligations to customers        23,004         22,324   
Net cash provided by financing                  29,179         21,490   
activities
                                                                             
Net increase (decrease) in unrestricted
cash, cash equivalents, and federal              110,438          (79,930  )
funds sold
Unrestricted cash, cash equivalents, and        296,591        225,433  
federal funds sold, beginning of year
Unrestricted cash, cash equivalents, and       $ 407,029       $ 145,503  
federal funds sold, end of period
                                                                             
Cash paid for interest                         $ 34             $ 48
Cash paid for income taxes                     $ 818            $ 15,416

                                                                             
                                                                             
GREEN DOT CORPORATION

Reconciliation of Total Operating Revenues to Non-GAAP Total Operating
Revenues (1)

(Unaudited)
                                                          
                    Three Months Ended June        Six Months Ended June 30,
                    30,
                    2013           2012            2013           2012
                    (In thousands)
Total operating     $  140,608     $  135,043      $  294,758     $  276,224
revenues
Stock-based
retailer
incentive             1,967         2,593          3,576         5,783
compensation
(2)(3)
Non-GAAP total
operating           $  142,575     $  137,636      $  298,334     $  282,007
revenues

                                                                             
Reconciliation of Net Income to Non-GAAP Net Income (1)

(Unaudited)
                                                          
                       Three Months Ended June      Six Months Ended June
                       30,                          30,
                       2013          2012           2013          2012
                       (In thousands, except per share data)
Net income             $  11,304     $  10,869      $  26,891     $  27,237
Employee
stock-based
compensation              2,248         1,860          4,134         4,018
expense, net of
tax (4)
Stock-based
retailer incentive       1,222        1,540         2,271        3,510
compensation, net
of tax (2)
Non-GAAP net           $  14,774     $  14,269      $  33,296     $  34,765
income
Diluted earnings
per share*
GAAP                   $  0.25       $  0.25        $  0.61       $  0.62
Non-GAAP               $  0.33       $  0.32        $  0.75       $  0.79
Diluted
weighted-average
shares issued and
outstanding**
GAAP                      36,690        35,746         36,459        35,810
Non-GAAP                  44,427        43,925         44,251        44,044

    
*      Reconciliations between GAAP and non-GAAP diluted weighted-average
       shares issued and outstanding are provided in the next table.
**     Diluted weighted-average Class A shares issued and outstanding is the
       most directly comparable GAAP measure for the periods indicated.

                                                                             
Reconciliation of GAAP to Non-GAAP Diluted Weighted-Average

Shares Issued and Outstanding (1)

(Unaudited)
                                                           
                                Three Months Ended     Six Months Ended June
                                June 30,               30,
                                2013       2012        2013         2012
                                (In thousands)
Diluted weighted-average
shares issued and               36,690     35,746      36,459       35,810
outstanding*
Assumed conversion of
weighted-average shares of      6,859      6,859       6,859        6,859
preferred stock
Weighted-average shares         878        1,320       933          1,375
subject to repurchase
Non-GAAP diluted
weighted-average shares         44,427     43,925      44,251       44,044
issued and outstanding

    
*       Represents the diluted weighted-average shares of Class A common stock
        for the periods indicated.

                                                                             
                                                                             
GREEN DOT CORPORATION

Supplemental Detail on Non-GAAP Diluted Weighted-Average Shares Issued and
Outstanding

(Unaudited)
                                                          
                       Three Months Ended June      Six Months Ended June
                       30,                          30,
                       2013          2012           2013          2012
                       (In thousands)
Stock outstanding
as of June 30:
Class A common         32,513        31,253         32,513        31,253
stock
Class B common         3,909         4,603          3,909         4,603
stock
Preferred stock
(on an                 6,859        6,859         6,859        6,859   
as-converted
basis)
Total stock
outstanding as of      43,281        42,715         43,281        42,715
June 30:
Weighting              (164    )     (267    )      (276    )     (313    )
adjustment
Dilutive potential
shares:
Stock options          1,099         1,469          1,094         1,630
Restricted stock       205           3              119           5
units
Employee stock         6            5             33           7       
purchase plan
Non-GAAP diluted
weighted-average       44,427       43,925        44,251       44,044  
shares issued and
outstanding

                                                                             
Reconciliation of Net Income to Adjusted EBITDA (1)

(Unaudited)
                                                          
                     Three Months Ended June       Six Months Ended June 30,
                     30,
                     2013          2012            2013          2012
                     (In thousands)
Net income           $ 11,304      $ 10,869        $ 26,891      $ 27,237
Net interest           (839    )     (1,168  )       (1,641  )     (2,103  )
income
Income tax             6,890         7,434           15,445        17,639
expense
Depreciation and       6,649         4,090           13,003        7,741
amortization
Employee
stock-based            3,619         3,132           6,509         6,621
compensation
expense (3)(4)
Stock-based
retailer
incentive             1,967       2,593         3,576       5,783   
compensation
(2)(3)
Adjusted EBITDA      $ 29,590     $ 26,950       $ 63,783     $ 62,918  
Non-GAAP total
operating            $ 142,575    $ 137,636      $ 298,334    $ 282,007 
revenues
Adjusted
EBITDA/non-GAAP
total operating       20.8    %    19.6    %      21.4    %    22.3    %
revenues
(adjusted EBITDA
margin)

                                                                          
                                                                             
Reconciliation of Forward Looking Guidance for Non-GAAP Financial
Measures to

Projected GAAP Total Operating Revenue (1)

(Unaudited)
                                                         
                                                         Range
                                                         Low       High
                                                         (In millions)
Total operating revenues                                 $ 557     $ 567
Stock-based retailer incentive                            8        8
compensation (2)*
Non-GAAP total operating revenues                        $ 565     $ 575

    
        Assumes the Company's right to repurchase lapses on 36,810 shares per
        month during 2013 of the Company's Class A common stock at $19.79 per
*       share, our market price on the last trading day of the second quarter
        2013. A $1.00 change in the Company's Class A common stock price
        represents an annual change of $441,720 in stock-based retailer
        incentive compensation.

                                                                          
                                                                             
GREEN DOT CORPORATION

Reconciliation of Forward Looking Guidance for Non-GAAP Financial
Measures to

Projected GAAP Net Income (1)

(Unaudited)
                                                           
                                                     Range
                                                     Low         High
                                                     (In millions)
Net income                                           $ 32        $ 39
Adjustments (5)                                       63        66  
Adjusted EBITDA                                      $ 95        $ 105
                                                                             
Non-GAAP total operating revenues                    $ 575      $ 565 
Adjusted EBITDA / Non-GAAP total operating            17  %      19  %
revenues (Adjusted EBITDA margin)

                                                                           
Reconciliation of Forward Looking Guidance for Non-GAAP Financial
Measures to

Projected GAAP Net Income (1)

(Unaudited)
                                                  
                                     Range
                                     Low                   High
                                     (In millions, except per share data)
Net income                           $      32             $     39
Adjustments (5)                            14                  14
Non-GAAP net income                  $      46             $     53
Diluted earnings per share*
GAAP                                 $      0.77           $     0.95
Non-GAAP                             $      1.05           $     1.20
Diluted weighted-average
shares issued and
outstanding**
GAAP                                        36                   36
Non-GAAP                                    44                   44

    
*      Reconciliations between GAAP and non-GAAP diluted weighted-average
       shares issued and outstanding are provided in the next table.
**     Diluted weighted-average Class A shares issued and outstanding is the
       most directly comparable GAAP measure for the periods indicated.

                                                                             
Reconciliation of Forward Looking Guidance for Non-GAAP Financial Measures
to

Projected GAAP Diluted Weighted-Average Shares Issued and Outstanding (1)

(Unaudited)
                                                                  
                                                               Range
                                                               Low      High
                                                               (In millions)
Diluted weighted-average shares issued and outstanding*        36       36
Assumed conversion of weighted-average shares of               7        7
preferred stock
Weighted-average shares subject to repurchase                  1        1
Non-GAAP diluted weighted-average shares issued and            44       44
outstanding

    
*       Represents the diluted weighted-average shares of Class A common stock
        for the periods indicated.
        
        

      To supplement the Company’s consolidated financial statements presented
      in accordance with GAAP, the Company uses measures of operating results
      that are adjusted to exclude various, primarily non-cash, expenses and
      charges. These financial measures are not calculated or presented in
      accordance with GAAP and should not be considered as alternatives to or
      substitutes for operating revenues, operating income, net income or any
(1)  other measure of financial performance calculated and presented in
      accordance with GAAP. These financial measures may not be comparable to
      similarly-titled measures of other organizations because other
      organizations may not calculate their measures in the same manner as we
      do. These financial measures are adjusted to eliminate the impact of
      items that the Company does not consider indicative of its core
      operating performance. You are encouraged to evaluate these adjustments
      and the reasons we consider them appropriate.
      
      The Company believes that the non-GAAP financial measures it presents
      are useful to investors in evaluating the Company’s operating
      performance for the following reasons:

  *stock-based retailer incentive compensation is a non-cash GAAP accounting
    charge that is an offset to the Company’s actual revenues from operations
    as the Company has historically calculated them. This charge results from
    the monthly lapsing of the Company’s right to repurchase a portion of the
    2,208,552 shares it issued to its largest distributor, Walmart, in May
    2010. By adding back this charge to the Company’s GAAP 2010 and future
    total operating revenues, investors can make direct comparisons of the
    Company’s revenues from operations prior to and after May 2010 and thus
    more easily perceive trends in the Company’s core operations. Further,
    because the monthly charge is based on the then-current fair market value
    of the shares as to which the Company’s repurchase right lapses, adding
    back this charge eliminates fluctuations in the Company’s operating
    revenues caused by variations in its stock price and thus provides insight
    on the operating revenues directly associated with those core operations;
  *the Company records employee stock-based compensation from period to
    period, and recorded employee stock-based compensation expenses of
    approximately $3.62 million and $3.13 million for the three months ended
    June30, 2013 and 2012, respectively. By comparing the Company’s adjusted
    EBITDA, non-GAAP net income and non-GAAP diluted earnings per share in
    different historical periods, investors can evaluate the Company’s
    operating results without the additional variations caused by employee
    stock-based compensation expense, which may not be comparable from period
    to period due to changes in the fair market value of the Company’s Class A
    common stock (which is influenced by external factors like the volatility
    of public markets and the financial performance of the Company’s peers)
    and is not a key measure of the Company’s operations;
  *adjusted EBITDA is widely used by investors to measure a company’s
    operating performance without regard to items, such as interest expense,
    income tax expense, depreciation and amortization, employee stock-based
    compensation expense, and stock-based retailer incentive compensation
    expense, that can vary substantially from company to company depending
    upon their respective financing structures and accounting policies, the
    book values of their assets, their capital structures and the methods by
    which their assets were acquired; and
  *securities analysts use adjusted EBITDA as a supplemental measure to
    evaluate the overall operating performance of companies.

  The Company’s management uses the non-GAAP financial measures:

  *as measures of operating performance, because they exclude the impact of
    items not directly resulting from the Company’s core operations;
  *for planning purposes, including the preparation of the Company’s annual
    operating budget;
  *to allocate resources to enhance the financial performance of the
    Company’s business;
  *to evaluate the effectiveness of the Company’s business strategies; and
  *in communications with the Company’s board of directors concerning the
    Company’s financial performance.

    The Company understands that, although adjusted EBITDA and other non-GAAP
    financial measures are frequently used by investors and securities
  analysts in their evaluations of companies, these measures have
    limitations as an analytical tool, and you should not consider them in
    isolation or as substitutes for analysis of the Company’s results of
    operations as reported under GAAP. Some of these limitations are:

  *that these measures do not reflect the Company’s capital expenditures or
    future requirements for capital expenditures or other contractual
    commitments;
  *that these measures do not reflect changes in, or cash requirements for,
    the Company’s working capital needs;
  *that these measures do not reflect interest expense or interest income;
  *that these measures do not reflect cash requirements for income taxes;
  *that, although depreciation and amortization are non-cash charges, the
    assets being depreciated or amortized will often have to be replaced in
    the future, and these measures do not reflect any cash requirements for
    these replacements; and
  *that other companies in the Company’s industry may calculate these
    measures differently than the Company does, limiting their usefulness as
    comparative measures.

      This expense consists of the recorded fair value of the shares of Class
      A common stock for which the Company’s right to repurchase has lapsed
      pursuant to the terms of the May 2010 agreement under which they were
      issued to Wal-Mart Stores, Inc., a contra-revenue component of the
      Company’s total operating revenues. Prior to the three months ended June
      30, 2010, the Company did not record stock-based retailer incentive
      compensation expense. The Company will, however, continue to incur this
(2)  expense through May 2015. In future periods, the Company does not expect
      this expense will be comparable from period to period due to changes in
      the fair value of its Class A common stock. The Company will also have
      to record additional stock-based retailer incentive compensation expense
      to the extent that a warrant to purchase its Class B common stock vests
      and becomes exercisable upon the achievement of certain performance
      goals by PayPal. The Company does not believe these non-cash expenses
      are reflective of ongoing operating results.
      The Company does not include any income tax impact of the associated
(3)   non-GAAP adjustment to non-GAAP total operating revenues or adjusted
      EBITDA, as the case may be, because each of these non-GAAP financial
      measures is provided before income tax expense.
      This expense consists primarily of expenses for employee stock options.
      Employee stock-based compensation expense is not comparable from period
      to period due to changes in the fair market value of the Company’s Class
      A common stock (which is influenced by external factors like the
      volatility of public markets and the financial performance of the
(4)   Company’s peers) and is not a key measure of the Company’s operations.
      The Company excludes employee stock-based compensation expense from its
      non-GAAP financial measures primarily because it consists of non-cash
      expenses that the Company does not believe are reflective of ongoing
      operating results. Further, the Company believes that it is useful to
      investors to understand the impact of employee stock-based compensation
      to its results of operations.
      These amounts represent estimated adjustments for net interest income,
      income taxes, depreciation and amortization, employee stock-based
      compensation expense, and stock-based retailer incentive compensation
(5)   expense. Employee stock-based compensation expense and stock-based
      retailer incentive compensation expense include assumptions about the
      future fair market value of the Company’s Class A common stock (which is
      influenced by external factors like the volatility of public markets and
      the financial performance of the Company’s peers).
      

Contact:

Investor Relations
Christopher Mammone, 626-765-2427
IR@greendot.com
or
Media Relations
Liz Brady DiTrapano, 646-277-1226