Green Dot Corp Stock Price, News & Analysis

Green Dot Corporation (GDOT) has announced a strategic partnership with Samsung Electronics to enhance Samsung Wallet's functionality. The collaboration will leverage Green Dot's Arc embedded finance platform to introduce new features for Samsung Wallet's nearly 12 million U.S. users.

The first feature to be launched is \"Tap to Transfer\", a peer-to-peer payment tool that enables quick fund transfers between Samsung Wallet and other digital wallets or contactless debit cards within minutes. The service will be compatible with various platforms including Apple Wallet and Google Wallet.

The partnership utilizes Arc's comprehensive banking and money processing capabilities, featuring FDIC-insured products, regulatory expertise, and access to the largest retail deposit and ATM network in the U.S. Samsung Wallet's security is ensured through Samsung Knox, incorporating fingerprint recognition and encryption.

Crypto.com and Green Dot have announced a strategic partnership to enhance banking services for U.S. customers. The collaboration leverages Green Dot's Arc platform to provide new account features, savings tools, and money management capabilities.

Through this partnership, Crypto.com users will gain access to:

• Interest-earning savings vault
• Cash deposit and withdrawal services at over 95,000 retail locations
• Digital and cash-based on-ramp/off-ramp options for Cash Accounts
• Access to 350+ cryptocurrencies (varies by jurisdiction)

The Green Dot Network's extensive reach ensures 96% of the U.S. population lives within three miles of a service location, including major retailers like Walmart, Walgreens, 7-Eleven, and CVS. This partnership aims to make cryptocurrency transactions more accessible and affordable while providing traditional banking features to Crypto.com's U.S. customer base.

Green Dot (NYSE: GDOT) has scheduled its first quarter 2025 earnings announcement for Thursday, May 8th, 2025. The company will release its financial results after market close, followed by a conference call and earnings webcast at 5:00 p.m. ET.

Investors and interested parties can access the live webcast through Green Dot's investor relations website at http://ir.greendot.com/. A replay of the webcast will be made available on the same platform after the call.

Green Dot Bank (NYSE: GDOT) has received an 'Outstanding' Community Reinvestment Act (CRA) rating from the Federal Reserve, the highest possible rating. The bank excelled in both Combined Lending and Investment Goals and Service Goals.

Key achievements highlighted in the Federal Reserve's report include:

• Outstanding levels of small business loans and community development investments supporting affordable housing
• Exceptional community development services providing financial education and technical assistance
• Zero CRA performance-related complaints during the review period

The rating covers the 2021-2023 examination period, evaluating Green Dot's performance in Utah and Juab counties. The bank focused on affordable housing initiatives and financial literacy programs, including job skills training for homeless populations and financial education in Title 1 schools.

Green Dot (NYSE: GDOT) has announced two significant developments: a strategic review process and a leadership transition. The company has engaged Citi to explore potential strategic alternatives, though no specific outcome or timeline has been guaranteed.

In a major leadership change, William I Jacobs, the current Board Chairperson, has been appointed interim CEO effective March 7, 2025. Additionally, Chris Ruppel, the company's Chief Revenue Officer since November 2022, will serve as interim President of Green Dot and interim CEO/President of Green Dot Bank. These appointments follow the departure of George Gresham from his positions as CEO and President.

Jacobs brings extensive experience in payments and financial services, having previously served as interim CEO from January to March 2020. Ruppel's background includes managing Green Dot's direct-to-consumer business, focusing on GO2bank, and leading the PayCard business and earned wage access solution development.

Green Dot (NYSE: GDOT) has appointed Kim Olson as Chief Risk Officer, reporting directly to CEO George Gresham. Olson will oversee the company's risk management strategy and program execution.

Olson joins from Discover Financial Services where she served as Head of the Office of Remediation since November 2023, managing enterprise remediation of regulatory matters. With over 30 years of financial services experience, she has held positions as chief risk officer and senior risk oversight roles at global banking organizations.

Her career began at the Federal Reserve Bank of New York, where she held senior positions in banking supervision, policy, and regulation. The appointment aims to strengthen Green Dot's risk management foundation to support long-term growth and success.

Green Dot (NYSE: GDOT) has appointed Kim Olson as Chief Risk Officer, reporting directly to CEO George Gresham. Olson will oversee the company's risk management strategy and program execution.

Olson joins from Discover Financial Services where she served as Head of the Office of Remediation since November 2023, managing enterprise remediation of regulatory matters. She brings over 30 years of financial services experience, having held chief risk officer and senior risk oversight roles at global banking organizations.

Her career began at the Federal Reserve Bank of New York, where she held senior positions in banking supervision, policy, and regulation. The appointment aims to strengthen Green Dot's compliance and risk management foundation to support long-term growth.

Green Dot (NYSE: GDOT) and Marqeta, Inc. (NASDAQ: MQ) have announced a strategic collaboration to enhance cash services across the United States. The partnership leverages Green Dot's extensive network of over 95,000 retail locations nationwide, enabling convenient cash deposits for Marqeta's customers.

The collaboration addresses the persistent demand for cash services, particularly among low-to-moderate income (LMI) and mature consumers aged 55-plus, who still prefer cash transactions according to Federal Reserve data. Through this partnership, customers can access cash deposit services at major retailers including Walmart, Walgreens, 7-Eleven, and CVS.

The Green Dot Network, powered by Arc, provides comprehensive coverage with 96% of the U.S. population living within three miles of a service location. This initiative aims to bridge the digital divide while offering affordable financial services, particularly beneficial in underbanked communities where traditional banks are reducing their physical presence.

Green Dot (NYSE: GDOT) reported its Q4 2024 results, marking its first positive quarter of account growth in over three years. The company's performance was characterized by accelerated revenue and earnings growth, particularly in B2B and embedded finance businesses.

The company secured new partnerships with Varo, Clip Money, DolFintech and others, demonstrating growing demand in embedded finance. Unencumbered cash stood at $86 million as of December 31, 2024.

For 2025 guidance, Green Dot projects:

• Non-GAAP total operating revenues between $1.85-1.90 billion (up ~10% YoY)
• Adjusted EBITDA between $145-155 million (down ~9% YoY)
• Non-GAAP EPS between $1.05-1.20 (down 18% YoY)