March 03, 2015 8:11 AM ET

Consumer Finance

Company Overview of Green Dot Corporation

Company Overview

Green Dot Corporation, together with its subsidiaries, operates as a technology-centric, pro-consumer bank holding company that provides personal banking for the masses. It offers prepaid debit card products and prepaid card reloading services in the United States, as well as mobile banking services with its GoBank mobile bank account offering. The company’s products include Green Dot MasterCard, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift cards; and MoneyPak and swipe reload proprietary products, which enable cash loading and transfer services through its Green Dot Network. Its Green Dot Network enables consumers to use cash t...

3465 East Foothill Boulevard

Pasadena, CA 91107

United States

Founded in 1999

Phone:

626-765-2000

Key Executives for Green Dot Corporation

Founder, Chairman, Chief Executive Officer and President
Age: 52
Total Annual Compensation: $755.0K
Chief Financial Officer
Age: 42
Total Annual Compensation: $348.5K
Chief Executive Officer of Green Dot Bank
Age: 56
Total Annual Compensation: $300.0K
Chief Revenue Officer
Age: 41
Total Annual Compensation: $375.0K
General Counsel and Secretary
Age: 48
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2013.

Green Dot Corporation Key Developments

Green Dot Corporation Presents at Credit Suisse 16th Annual Financial Services Forum, Feb-11-2015 11:00 AM

Green Dot Corporation Presents at Credit Suisse 16th Annual Financial Services Forum, Feb-11-2015 11:00 AM. Venue: Turnberry Isle Miami, Aventura, Florida, United States.

Green Dot Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Green Dot Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating revenues of $150,609,000 against $142,320,000 a year ago. Operating income was $270,000 against $464,000 a year ago. Income before income taxes was $882,000 against $1,413,000 a year ago. Net loss allocated to common stockholders was $784,000 or $0.02 per basic and diluted common shares against net income of $876,000 or $0.02 per basic and diluted common shares a year ago. Non-GAAP total operating revenue was $153,000,000 against $144,879,000 a year ago. Non-GAAP net income was $8,316,000 or $0.16 per diluted share against $8,330,000 or $0.18 per diluted share for the same period last year. Adjusted EBITDA was $25,822,000 against $17,605,000 for the same period last year. For the full year, the company reported total operating revenues of $601,552,000 against $573,621,000 a year ago. Operating income was $58,989,000 against $49,132,000 a year ago. Income before income taxes was $68,906,000 against $52,500,000 a year ago. Net income allocated to common stockholders was $37,890,000 or $0.90 per diluted common shares against $28,680,000 or $1.24 per diluted common shares a year ago. Net cash provided by operating activities was $52,477,000 against $121,344,000 for the same period last year. Payments for acquisition of property and equipment were $30,727,000 against $35,742,000 for the same period last year. Non-GAAP total operating revenue was $610,484,000 against $582,343,000 a year ago. Non-GAAP net income was $63,927,000 or $1.35 per diluted share against $51,407,000 or $1.15 per diluted share for the same period last year. Adjusted EBITDA was $131,913,000 against $103,016,000 for the same period last year. For the year 2015, the company expected non-GAAP total operating revenues to be between $720 million and $780 million, representing a projected growth range of 18% to 28% over 2014 and reflecting Green Dot’s estimates for the potential impact of the discontinuation of the MoneyPak PIN product. Adjusted EBITDA is forecast to be between $150 million and $170 million, representing a projected growth rate range of 14% to 29% over 2014.

Green Dot Seeks Acquisitions

Green Dot Corporation (NYSE:GDOT) is seeking acquisitions. Steve Striet, Chairman & Chief Executive Officer said "Cash has most recently been used to make accretive acquisitions, to grow and diversify our Company. But future uses of cash could include more accretive acquisitions, funding a major growth initiative and/or stock repurchases which would be subject to our Board and regulatory approval."

Similar Private Companies By Industry

Company Name Region
Merchant Max, Inc. United States
Nexxar Group, Inc. United States
Order Execution Services Holdings, Inc. United States
CommonBond, Inc. United States
PCS Receivables Corp. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 14, 2015
--
Merger/Acquisition
September 18, 2014
Santa Barbara Tax Products Group, LLC
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Green Dot Corporation, please visit www.greendot.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.