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May 23, 2015 10:10 AM ET

Consumer Finance

Company Overview of Green Dot Corporation

Company Overview

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer technology bank holding company that provides personal banking for the masses. It offers reloadable prepaid debit cards and cash reload processing services in the United States, as well as mobile banking services with its GoBank mobile checking account. The company’s products include Green Dot MasterCards, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift cards; and swipe reload and MoneyPak proprietary products, which enable cash loading and transfer services through Green Dot Network. Its Green Dot Network enables consumers to use cash to reload its p...

3465 East Foothill Boulevard

Pasadena, CA 91107

United States

Founded in 1999

857 Employees

Phone:

626-765-2000

Key Executives for Green Dot Corporation

Founder, Chairman, Chief Executive Officer and President
Age: 52
Total Annual Compensation: $580.6K
Chief Executive Officer of Green Dot Bank and President of Green Dot Bank
Age: 56
Total Annual Compensation: $313.8K
Senior Vice President of Corporate Finance and Business Intelligence
Age: 42
Total Annual Compensation: $400.0K
Chief Revenue Officer
Age: 41
Total Annual Compensation: $390.0K
General Counsel and Secretary
Age: 48
Total Annual Compensation: $362.5K
Compensation as of Fiscal Year 2014.

Green Dot Corporation Key Developments

Green Dot Corporation Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 04:00 PM

Green Dot Corporation Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 04:00 PM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States.

Green Dot Corp. Announces Management Changes

Green Dot Corp. said that Grace Wang transitioned to the new role of senior vice president for corporate finance and business intelligence from CFO, effective May 6, 2015. Concurrently with the change, the company appointed Mark Shifke as acting CFO. Shifke has served as a senior executive at Green Dot for the past four years. The company has retained an executive search firm to conduct a search for a new CFO.

Green Dot Corporation Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Full Year of 2015

Green Dot Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of $227.165 million against $159.269 million a year ago. Operating income was $65.896 million against $23.660 million a year ago. Income before income taxes was $65.778 million against $24.621 million a year ago. Net income allocated to common stockholders was $39.648 million against $13.023 million a year ago. Diluted earnings per common share were $0.76 against $0.33 a year ago. Net cash provided by operating activities was $84.327 million against net cash used in operating activities of $0.171 million a year ago. Payments for acquisition of property and equipment were $14.144 million against $10.512 million a year ago. Non-GAAP total operating Revenue was $230.887 million against $161.657 million a year ago. Non-GAAP net income was $45.877 million against $19.258 million a year ago. Non-GAAP diluted earnings per share were $0.86 against $0.42 a year ago. Adjusted EBITDA was $83.048 million against $37.684 million a year ago. For the second quarter of 2015, the company expects net income of $6 million, adjusted EBITDA of $33 million, non-GAAP total operating revenues of $165 million, non-GAAP net income of $13 million, diluted earnings per share of $0.11, and non-GAAP diluted earnings per share of $0.23. For the full year of 2015, the company expects net income between $40 million to $53 million, adjusted EBITDA between $150 million to $170 million, non-GAAP net income between $68 million to $81 million, diluted earnings per share between $0.75 to $0.99, and non-GAAP diluted earnings per share between $1.24 to $1.47. The company expects non-GAAP total operating revenues between $720 million to $740 million, versus the original guidance range of $720-$780 million.

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