April 27, 2018 1:47 AM ET

Consumer Finance

Company Overview of Green Dot Corporation

Company Overview

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services. It also provides swipe reload system for crediting cash onto an enabled payment card by swiping the payment card at the point of sale through Green Dot Network; MoneyPak, a product that a...

3465 East Foothill Boulevard

Pasadena, CA 91107

United States

Founded in 1999

1,152 Employees

Phone:

626-765-2000

Key Executives for Green Dot Corporation

Founder, President, CEO & Director
Age: 55
Total Annual Compensation: $666.0K
Chief Financial Officer
Age: 57
Total Annual Compensation: $450.0K
Chief Operating Officer
Age: 44
Total Annual Compensation: $440.0K
Chief Executive Officer of Green Dot Bank
Age: 55
Total Annual Compensation: $146.7K
General Counsel and Secretary
Age: 51
Total Annual Compensation: $370.8K
Compensation as of Fiscal Year 2016.

Green Dot Corporation Key Developments

Mark Shifke to Continue as Green Dot Corporation's Chief Financial Officer

Green Dot Corporation announce that Mark Shifke will be staying on as CFO of Green Dot. Commuting regularly to the company's main offices here in Pasadena from Manhattan was the prime reason for Mark's desire to step down as CFO and return to his former role as Head of Green Dot M&A. Mark will continue to be my partner as Green Dot's Chief Financial Officer.

Green Dot Corporation Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Revenue Guidance for the First Quarter of 2018; Provides Earnings Guidance for the Year 2018; Reports Impairment Charges for the Fourth Quarter December 31, 2017

Green Dot Corporation reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total operating revenues of $212.989 million against $162.768 million a year ago. Operating income was $3.705 million against loss of $3.522 million a year ago. Income before income taxes was $5.622 million against loss of $3.129 million a year ago. Net income available to common stockholders was $12.228 million against loss of $1.345 million a year ago. Diluted earnings per common share were $0.23 against loss of $0.03 a year ago. Non-GAAP net income was $15.733 million against $9.605 million a year ago. Non-GAAP diluted earnings per common share were $0.29 against $0.19 a year ago. Adjusted EBITDA was $32.092 million against $21.833 million a year ago. For the year, the company reported total operating revenues of $890.151 million against $718.774 million a year ago. Operating income was $98.324 million against $63.316 million a year ago. Income before income taxes was $103.458 million against $61.561 million a year ago. Net income available to common stockholders was $85.887 million against $40.798 million a year ago. Diluted earnings per common share were $1.61 against $0.80 a year ago. Net cash provided by operating activities was $218.310 million against $114.515 million a year ago. Payments for acquisition of property and equipment were $44.142 million against $43.273 million a year ago. Non-GAAP net income was $114.905 million against $75.558 million a year ago. Non-GAAP diluted earnings per common share were $2.16 against $1.46 a year ago. Adjusted EBITDA was $205.727 million against $156.355 million a year ago. For the first quarter of 2018, the company expects total operating revenues to be between $295 million and $300 million. The company provided its outlook for 2018. The company expects its full year total operating revenues to be between $982 million and $997 million. The company expects its full year adjusted EBITDA to be between $236 million and $241 million. The company expects its full year non-GAAP EPS to be between $2.81 and $2.88. The company expects non-GAAP pre-tax income to be between $204.5 million to $209.5 million, net income to be between $99.2 million to $103.0 million, diluted earnings per share Diluted earnings per share $1.82 to $1.89 and non-GAAP net income to be between $153.4 million to $157.1 million. First, the company expects that in 2018, its effective tax rate will decline to approximately 25%, generating at the midpoint of guidance an incremental $0.41 of earnings per share or approximately $22 million of incremental after-tax earnings. For the quarter, the company reported impairment charges of $0.260 million against $0.004 million a year ago.

Green Dot Corporation to Report Q4, 2017 Results on Feb 21, 2018

Green Dot Corporation announced that they will report Q4, 2017 results at 5:00 PM, US Eastern Standard Time on Feb 21, 2018

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