AUSTIN, Texas--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Melissa Douros as Chief Product Officer. Douros will lead Green Dot’s product design and development team with a focus on building simple, seamless and useful tools for Green Dot’s customers and growing list of world-class banking-as-a-service (BaaS) and embedded finance partners. “Melissa i ...

Green Dot Corporation (GDOT) reported mixed fourth-quarter 2023 results, with earnings missing the Zacks Consensus Estimate but revenues surpassing the same.The company’s earnings miss disappointed investors, as the stock declined 6.6% since it reported fourth-quarter results on Feb 27.GDOT’s earnings per share (excluding 59 cents from non-recurring items) of 14 cents missed the consensus estimate by 17.7%. The metric declined 58.8% on a year-over-year basis. Revenues of $361.7 million outpaced the Zacks Co ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________ FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34819 (Exact name of Registrant as specified in its charter) (State or othe ...

For the quarter ended December 2023, Green Dot (GDOT) reported revenue of $361.72 million, up 7.5% over the same period last year. EPS came in at $0.14, compared to $0.34 in the year-ago quarter.The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $350.14 million. With the consensus EPS estimate being $0.17, the EPS surprise was -17.65%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Exhibit 99.01 Green Dot Reports Fourth Quarter and Full Year 2023 Results Company Turns Focus to Growth with Momentum Expected to Improve in 2024 Establishes 2024 Financial Guidance Austin, TX - February 27, 2024 - Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter and year ended December 31, 2023. "2023 was a pivotal year as we completed our processor conversio ...

The upcoming report from Green Dot (GDOT) is expected to reveal quarterly earnings of $0.17 per share, indicating a decline of 50% compared to the year-ago period. Analysts forecast revenues of $350.14 million, representing an increase of 4% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company reveals its ear ...

AUSTIN, Texas--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Michael Meston as Chief Human Resources Officer. Meston will play a key role in the company’s evolution as a performance-driven platform company that now operates primarily in a remote “work from anywhere” model. He will report directly to Chief Executive Officer George Gresham. “Michael is ...

Financial Performance - Total operating revenues for Q3 2023 were $353.0 million, a 2.7% increase from $343.7 million in Q3 2022[131] - Net loss for Q3 2023 was $6.3 million, compared to a net income of $4.7 million in Q3 2022, representing a decline of 148.1%[131] - Total operating revenues for Q3 2023 were $353.03 million, a slight increase from $343.75 million in Q3 2022[168] - Total operating revenues for the nine months ended September 30, 2023, were $1,135.3 million, an increase of $28.2 million or 2.5% from the prior year[179] Revenue Segments - B2B Services segment revenues increased by 26% in Q3 2023, driven by a 53% increase in gross dollar volume[135] - Consumer Services segment revenues decreased by 13% in Q3 2023, with active accounts declining by 14% year-over-year[134] - Money Movement Services segment revenues decreased by 15% in Q3 2023, primarily due to a 9% decrease in cash transfers processed[136] - Segment revenues for Consumer Services decreased to $118.2 million for Q3 2023, down $17.6 million or 12.9% year-over-year[188] - B2B Services segment revenues increased by $40.98 million, or 25.9%, for the three months ended September 30, 2023, compared to the prior year[194] - Money Movement Services segment revenues decreased by $5.58 million, or 14.8%, for the three months ended September 30, 2023[200] Active Accounts and Transactions - The number of consolidated active accounts decreased by 15% for Q3 2023 compared to the prior year[133] - Number of active accounts decreased by 0.66 million or 15.2% year-over-year, totaling 3.67 million as of September 30, 2023[148] - Direct deposit active accounts in Consumer Services decreased by 21% to 0.52 million for Q3 2023[190] - The number of cash transfers processed in Money Movement Services decreased by 9.3% to 8.31 million for Q3 2023[200] Expenses - Total operating expenses for Q3 2023 increased by $26.9 million, or 8%, compared to Q3 2022, driven by higher processing expenses[139] - Total operating expenses for Q3 2023 were $359.9 million, an increase of $26.9 million or 8% from the prior year, with processing expenses rising by $37.1 million or 30%[172][174] - Sales and marketing expenses decreased to $56.5 million for Q3 2023, down $10.5 million or 16% year-over-year, primarily due to lower sales commissions and supply chain expenses[172] - Compensation and benefits expenses totaled $59.2 million for Q3 2023, a decrease of $2.7 million or 4% from the prior year, mainly due to reduced stock-based compensation[173] Interest Income - Net interest income decreased by 26% in Q3 2023, attributed to increased interest shared with BaaS partners[137] - Net interest income for Q3 2023 was $8.40 million, down from $11.45 million in Q3 2022[168] - Net interest income decreased to $8.4 million for Q3 2023, down $3.0 million or 26% year-over-year, due to increased interest shared with BaaS partners and partially offset by higher yields on cash balances[170] - Net interest income decreased by 26% for the three months ended September 30, 2023, and by 6% for the nine months ended September 30, 2023, compared to the prior year[206] Cash Flow and Capital - Total cash provided by operating activities for the nine months ended September 30, 2023, was $132.4 million, a decrease from $252.1 million in the same period of 2022[211] - The company reported a net cash used in financing activities of $255.3 million for the nine months ended September 30, 2023, primarily due to a net decrease in customer deposits of $238.4 million[213] - As of September 30, 2023, the company had unrestricted cash and cash equivalents totaling $711.4 million, along with $2.2 billion of available-for-sale investment securities[209] Regulatory and Capitalization - The company was categorized as "well capitalized" under applicable regulatory standards as of September 30, 2023[224] - As of September 30, 2023, Green Dot Corporation's Tier 1 leverage ratio was 19.1%, significantly above the regulatory minimum of 4.0%[225] - Common equity Tier 1 capital for Green Dot Corporation was $738,601 thousand, representing a ratio of 41.0%, well above the regulatory minimum of 4.5%[225] - Total risk-based capital for Green Dot Corporation was $758,043 thousand, with a ratio of 42.1%, exceeding the regulatory minimum of 8.0%[225] - Green Dot Bank's Tier 1 leverage ratio stood at 10.4%, above the regulatory minimum of 4.0%[225] Future Outlook - The company expects continued decline in consolidated operating profit year-over-year in fiscal year 2023 due to macro-economic factors and non-renewals in segments[145] - The company plans to invest in a modern banking platform and anti-money laundering program to enhance long-term financial results[143] - The company anticipates continuing to invest in new products and programs, including enhancements to its core banking and card management systems[217] - The company expects capital expenditures in 2023 to be lower than in 2022 but higher than the average level of annual investments in recent years[217] Market Conditions - The Federal Open Market Committee increased the federal funds target rate to a range of 5.25%-5.50% in July 2023, impacting net interest income[227] - Each quarter point change in interest rates would result in a $0.3 million change in annual interest expense if the credit agreement is fully drawn[228] - The company believes inflation risks are largely offset by higher interest rate yields on cash and investment portfolios[230] Risk Management - Green Dot Corporation actively monitors interest rate exposure and may use derivative financial instruments to manage risks[229] - Credit risk associated with settlement assets is mitigated due to an average outstanding period of two days[234]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34819 (Exact name of Registrant as specified in its charter) Delaware 9 ...

1 Please see appendix at end of presentation for a reconciliation of GAAP to Non-GAAP Measures in millions, reflects change versus the prior year in millions, reflects change versus the prior year Non-GAAP Revenue1increased 2% • Adjusted EBITDA Margin of ~10.8%, down 826 bps as the company works through de-conversion of BaaS partners, the impact of rising interest rates and difficult comparisons in 2Q22 when there were several one-time benefits in segment operating expenses • Money Movement segment profit d ...