☐ 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 95-4766827 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO ...

Green Dot Corporation (NYSE:GDOT) Q2 2020 Earnings Conference Call August 4, 2020 5:00 PM ET Company Participants Shaun Rowan - Senior Vice President of Marketing Dan Henry - President and Chief Executive Officer Jess Unruh - Interim Chief Financial Officer and Chief Accounting Officer Conference Call Participants Bob Napoli - William Blair & Company, L.L.C. Damian Wille - Barclays Capital Andrew Jeffrey - SunTrust Robinson Humphrey Inc George Sutton - Craig-Hallum Capital Group LLC Andrew Schmidt - Citigro ...

Green Dot Corporation (NYSE:GDOT) Q1 2020 Earnings Conference Call May 11, 2020 5:00 PM ET Company Participants Michelle Blaya - Vice President of Communications and Communities, Green Dot Corp. Daniel R. Henry - Director, Chief Executive Officer & President, Green Dot Corp. Jess Unruh - Interim Chief Financial Officer & Chief Accounting Officer, Green Dot Corp. Conference Call Participants Ramsey El-Assal - Barclays Capital, Inc. Andrew W. Jeffrey - SunTrust Robinson Humphrey, Inc. Robert Napoli - William ...

Financial Performance - Total operating revenues for the three months ended March 31, 2020, increased by $21.7 million, or 6.4%, compared to the same period in 2019, reaching $362.2 million[137]. - Total operating expenses for the same period increased by $44.2 million, or 17.1%, totaling $303.3 million, primarily due to higher processing expenses and increased sales and marketing costs[150]. - Net income for the three months ended March 31, 2020, was $46.8 million, a decrease of $17.2 million, or 26.9%, from $64.0 million in the prior year[137]. - Gross dollar volume (GDV) for the three months ended March 31, 2020, was $14.3 billion, an increase of 10.1% from $13.0 billion in the same period in 2019[154]. - Total operating revenues for the three months ended March 31, 2020, were $362.2 million, an increase of $21.7 million, or 6.4%, from $340.5 million in the prior year[173]. - Card revenues and other fees totaled $141.4 million for the three months ended March 31, 2020, an increase of $11.8 million, or 9.1%, from the prior year[173]. - Processing and settlement service revenues totaled $123.1 million for the three months ended March 31, 2020, an increase of $15.5 million, or 14%, from the prior year[174]. - Interchange revenues totaled $90.9 million for the three months ended March 31, 2020, a decrease of $1.6 million, or 2%, from the prior year[175]. - Net interest income totaled $6.8 million for the three months ended March 31, 2020, a decrease of $4.0 million, or 37%, from the prior year[176]. Account and Transaction Metrics - The number of active accounts as of March 31, 2020, was 5.74 million, a decrease of 5.1% from 6.05 million in the prior year[154]. - Direct deposit active accounts increased by 4.2% year-over-year to 2.99 million, driven by growth in BaaS and PayCard programs[154]. - Cash transfers processed increased by 10.5% year-over-year, reaching 12.13 million transactions[154]. - Purchase volume increased approximately 1% during the three months ended March 31, 2020, compared to the prior year period[157]. - Cash transfers increased by 10.5% during the three months ended March 31, 2020, primarily due to an increase in transactions and third-party account programs[158]. - The number of tax refunds processed increased by 3.3% during the three months ended March 31, 2020, driven by online consumer tax filing software platforms[160]. Cash Flow and Liquidity - Net cash provided by operating activities was $104.1 million for the three months ended March 31, 2020, down from $115.4 million in the same period of 2019[186]. - Net cash used in investing activities was $73.9 million, primarily due to $35.0 million in capital contributions related to TailFin Labs, LLC[187]. - Net cash provided from financing activities was $469.9 million, mainly from a net increase in customer deposits of $442.0 million[188]. - As of March 31, 2020, the company had unrestricted cash and cash equivalents totaling $1.6 billion, with an additional $307.5 million in available-for-sale investment securities[184]. - The company has drawn down the full $100 million available under its revolving credit facility to strengthen liquidity[143]. - The company drew the maximum amount of $100 million under its line of credit agreement as of March 31, 2020[206]. Capital and Regulatory Compliance - The company was categorized as "well capitalized" under regulatory standards as of March 31, 2020, maintaining compliance with all financial covenants[200]. - As of March 31, 2020, Green Dot Corporation's Tier 1 leverage ratio was 19.7%, significantly above the regulatory minimum of 4.0%[203]. - Green Dot Corporation's Common Equity Tier 1 capital was $466,784 thousand, representing a ratio of 74.4%, well above the minimum requirement of 4.5%[203]. - Green Dot Bank's Total Risk-Based Capital was $220,033 thousand, with a ratio of 80.4%, exceeding the regulatory minimum of 8.0%[203]. Expense Management - Total operating expenses for the three months ended March 31, 2020, were $303.3 million, an increase of $44.2 million, or 17.1%, from $259.1 million in the prior year[178]. - Sales and marketing expenses totaled $116.7 million for the three months ended March 31, 2020, an increase of $18.0 million, or 18%, from the prior year[178]. - Other general and administrative expenses increased by $15.1 million or 32% year-over-year, totaling $62.4 million for the three months ended March 31, 2020[181]. - Income tax expense decreased by $3.9 million or 25% year-over-year, totaling $12.0 million, with an effective tax rate of 20.3% compared to 19.9% in the prior year[182]. Risk Management - The company expects a reduction in interest income for the remainder of the year due to lower yields on cash and investment balances following Federal Reserve rate cuts[141]. - The company actively monitors interest rate exposure and may enter into derivative financial instruments to manage this risk[207]. - Green Dot Corporation has limited exposure to market risks associated with foreign currency exchange rates, interest rates, and equity prices[204]. - The average time period for retailer settlement assets outstanding is currently two days, mitigating credit risk exposure[210]. - The management's Enterprise Risk Management Committee is responsible for monitoring credit limits and financial conditions of retail distributors and partners[210]. - There was no material change in internal control over financial reporting during the three months ended March 31, 2020[212]. Strategic Initiatives - The company plans to continue investing in new products and IT infrastructure, although capital expenditures are not expected to exceed the previous year's levels[189]. - The company completed its acquisition of UniRush LLC, which includes a minimum $4 million annual earn-out payment for five years based on revenue growth targets[190]. - The Walmart MoneyCard agreement was renewed, with an increased sales commission rate expected to negatively impact sales and marketing expenses throughout 2020[151].

__________________________________________________ FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 3465 E. Foothill Blvd. Pasadena, California 91107 (626) 765-2000 (Address of principal executive offices, including zip co ...

Financial Data and Key Metrics Changes - Green Dot generated Q4 consolidated non-GAAP total operating revenues of $238.4 million, with a 1% year-over-year growth [14][23] - EBITDA for Q4 was $21.8 million, and non-GAAP EPS was $0.14 per share [14][23] - For the full year 2019, non-GAAP revenue was $1.058 billion, adjusted EBITDA was $241 million, and non-GAAP EPS was $2.79 [32] Business Line Data and Key Metrics Changes - Non-GAAP revenues from the Account Services segment declined 6% year-over-year, primarily due to challenges in the Consumer Business [28] - The Processing and Settlement Services segment grew non-GAAP revenues by 33% year-over-year, with cash transfer volume growth accelerating to 11% and SimplyPaid disbursement volume growing 48% [30] - The Consumer Business faced challenges in acquiring new accounts to offset attrition, while the Platform Services Business exhibited strong growth [28][29] Market Data and Key Metrics Changes - The company launched 750 stores at checkout at Walgreens and a large deployment at Family Dollar to support consumer account initiatives [17] - The company signed agreements with significant players in the small and medium business segment, indicating a focus on expanding market share [18] Company Strategy and Development Direction - The company aims to restore the health of its Consumer Business while expecting continued momentum in its Platform Services Business [43] - The 2020 financial guidance includes non-GAAP net operating revenue expected to be between $1.08 billion to $1.1 billion, adjusted EBITDA between $175 million to $185 million, and non-GAAP EPS between $1.60 to $1.74 per share [21][33] - The company is focusing on a profitable consumer acquisition strategy rather than chasing account growth for the sake of active card growth [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds affecting the Consumer Business and expressed confidence in the ability to stabilize active account declines by refining marketing strategies [37][50] - The CEO search is ongoing, with management emphasizing the importance of hiring a candidate who understands the payments industry and can drive both consumer and enterprise business [120] Other Important Information - The company has a joint venture with Walmart, committing $35 million annually to the program, which is expected to produce large-scale programs over the next several years [19][20] - The company is committed to maintaining its bank status as a competitive advantage in the market [91] Q&A Session Summary Question: Stabilizing active account decline - Management acknowledged the shift in retail operations and emphasized the importance of the BaaS program for customer acquisition [49][50] Question: Relationship with Starboard - Management expressed alignment with Starboard's objectives and a shared goal of hiring the best CEO for the company [56] Question: Growth of BaaS business - The Platform business is expected to generate over 50% of consolidated revenues in 2020, indicating healthy growth [60] Question: Consumer Business execution factors - Management identified late product launches and marketing strategy as controllable factors affecting execution [70] Question: Expense base management - Management is implementing a hiring freeze and reviewing vendor management to optimize expenses [71][75] Question: Retail strategy amidst tepid consumer presence - Management is focused on maintaining or growing market share within the retail channel despite overall declines [112] Question: Capital structure and cash utilization - Management has not yet focused on buybacks but will consider capital utilization in the coming months [116] Question: CEO search and strategic direction - The new CEO will evaluate the current strategy and numbers approved by the Board, with confidence in achieving the laid-out goals [106]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 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 September 30, 2019 OR Commission file number 001-34819 (Exact name of Registrant as specified in its charter) Delaw ...

Green Dot Corporation (NYSE:GDOT) Q3 2019 Earnings Conference Call November 7, 2019 5:00 PM ET Company Participants Dara Dierks – Investor Relations Steve Streit – President and Chief Executive Officer Mark Shifke – Chief Financial Officer Jess Unruh – Co-operational Chief Financial Officer and Chief Accounting Officer Conference Call Participants Bob Napoli – William Blair Andrew Jeffrey – SunTrust Robinson Humphrey Damian Wille – Barclays Investment Bank Operator Greetings, welcome to the Green Dot Corpor ...

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________ FORM 10-Q Table of Contents Commission file number 001-34819 (Exact name of Registrant as specified in its charter) Delaware 95-4766827 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 3465 E. Foothill Blvd ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________ FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR o 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 ...