May 26, 2017 5:00 PM 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 and credit cards; and swipe reload products, which enables cash loading and transfer services through Green Dot Network. Its Green Dot Network enables consumers to use cash to reload its prepaid debit ...

3465 East Foothill Boulevard

Pasadena, CA 91107

United States

Founded in 1999

974 Employees

Phone:

626-765-2000

Key Executives for Green Dot Corporation

Founder, Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $666.0K
Chief Financial Officer
Age: 56
Total Annual Compensation: $450.0K
Chief Operating Officer
Age: 43
Total Annual Compensation: $440.0K
Chief Executive Officer of Green Dot Bank
Age: 54
Total Annual Compensation: $146.7K
General Counsel and Secretary
Age: 50
Total Annual Compensation: $370.8K
Compensation as of Fiscal Year 2016.

Green Dot Corporation Key Developments

Green Dot Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter of 2017 and Raises Earnings Guidance for the Full Year of 2017; Reports Impairment of Capitalized Software for the First Quarter Ended March 31, 2017

Green Dot Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, total operating Revenue was $253,001,000 against $228,024,000 a year ago. Operating income was $61,376,000 against $54,846,000 a year ago. Income before income taxes was $62,565,000 against $52,006,000 a year ago. Net income available to common stockholders was $40,754,000 or $0.78 per diluted share against $31,910,000 or $0.63 per diluted share a year ago. Net cash provided by operating activities was $94,859,000 against $71,297,000 a year ago. Payments for acquisition of property and equipment were $11,844,000 against $12,182,000 a year ago. Non-GAAP net income was $52,362,000 or $1.00 per diluted share against $40,968,000 or $0.78 per diluted share a year ago. Adjusted EBITDA was $89,613,000 against $78,294,000 a year ago. For the quarter, the company’s impairment of capitalized software was $156,000. For second quarter, the company expects total operating revenues to be approximately $207 million to $209 million, adjusted EBITDA to be approximately $40 million, Non-GAAP EPS to be approximately $0.40, net income of $10.4 million, diluted earnings per share of $0.20, Non-GAAP net income of $20.6 million. For 2017, the company now expects its full year total operating revenues to be between $830 million to $845 million, versus its previous guidance range of $815 million to $830 million, adjusted EBITDA to be between $187 million to $192 million, versus its previous guidance range of $184 million to $191 million, Non-GAAP EPS to be between $1.89 to $1.94, versus its previous guidance range of $1.85 to $1.93, net income to be in the range of $46.2 million-$49.1 million, diluted earnings per share expect to be in the range of $0.88-$0.94, Non-GAAP net income to be in the range of $99.2 million-$102.1 million.

Green Dot Corporation to Report Q1, 2017 Results on May 09, 2017

Green Dot Corporation announced that they will report Q1, 2017 results at 5:00 PM, US Eastern Standard Time on May 09, 2017

Green Dot Corporation, Q1 2017 Earnings Call, May 09, 2017

Green Dot Corporation, Q1 2017 Earnings Call, May 09, 2017

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