Green Dot Corp Stock Price, News & Analysis

Green Dot Corporation (NYSE: GDOT) will release its third quarter 2022 financial results on November 9, 2022, at 6pm ET. A press release will follow post-market close. The firm anticipates preliminary results will align with the high end of previous guidance shared on August 4, 2022. Additionally, the company has postponed its Investor Day originally scheduled for November 2022 due to a CEO transition, with a new date to be announced later.

Green Dot Corporation (NYSE: GDOT) has appointed George Gresham as its new CEO and President, effective October 14, 2022, following the termination of Dan R. Henry. Gresham, who has served as Chief Financial and Operating Officer since October 2021, brings significant operational experience and leadership. The Board expresses confidence in Gresham to lead the company’s growth in the fintech sector, aiming to enhance shareholder value. Additionally, preliminary Q3 2022 financial results are projected to be at the high end of previous guidance.

Green Dot Corporation (NYSE: GDOT) has appointed Amy Pugh as General Counsel, effective immediately. Amy joins from Cross River Bank, where she was Associate General Counsel. CEO Dan Henry welcomed her experience, emphasizing her role in driving strategic initiatives and ensuring compliance. Amy brings extensive legal expertise from previous positions at Ubiquity Global Services and Fifth Third Bank, aiming to transform Green Dot into a modern fintech.

Green Dot Corporation (NYSE: GDOT) reported mixed financial results for Q2 2022, with total GAAP revenues of $362.8 million, a 2% year-over-year decline, and a GAAP net income of $15 million, down 40% from last year. However, non-GAAP metrics showed improvement, with adjusted EBITDA at $67.5 million, a 7% increase, and non-GAAP diluted EPS rising 9% to $0.74. The company emphasized ongoing operational efficiencies and plans to enhance its tech stack, while raising its guidance for non-GAAP EPS. Unencumbered cash was approximately $94 million as of June 30, 2022.

Green Dot Corporation (NYSE: GDOT) is set to host a conference call and earnings webcast on August 4, 2022, at 6:00 PM ET to discuss its second quarter 2022 financial results. A press release detailing these results will be published after market close on the same day. The live webcast will be available on their investor relations site, with a replay accessible afterwards. Green Dot is dedicated to providing seamless banking solutions through its digital banking platform, GO2bank, and serves over 33 million customers across the U.S.

Green Dot Corporation (NYSE: GDOT) announced the opening of a new customer service location in Blue Ash, Ohio, which will create around 100 jobs. This site aims to enhance customer support and experience, featuring modern workspaces designed for effective training and customer engagement. Scheduled to open in October 2023, the 20,000-square-foot office will focus on roles such as corporate resolution specialists and customer advocacy leaders. The move reflects Green Dot's commitment to improving customer service while maintaining a hybrid work model.

Green Dot Corporation (GDOT) reported Q1 2022 financial results, showing a 2% increase in GAAP revenues to $400.6 million and a 50% rise in net income to $38.6 million compared to Q1 2021. GAAP diluted EPS also rose by 52% to $0.70. Non-GAAP revenues increased 4% to $394.7 million with adjusted EBITDA up 23% to $90.3 million. Additionally, a $25 million accelerated share repurchase was completed, with $72 million remaining under the $100 million repurchase program. The company raised its 2022 guidance, citing strong earnings performance and cost control.

Green Dot Corporation (NYSE: GDOT) will host its conference call and earnings webcast to discuss first quarter 2022 financial results on Thursday, May 5, 2022, at 6:00 pm ET, rescheduling from 5:00 pm ET. A press release detailing the financial results will be issued post-market closure on the same day. The live webcast will be accessible via Green Dot’s investor relations website, with a replay available afterward. Green Dot provides financial solutions including debit, checking, credit, and prepaid cards.

Green Dot Corporation (NYSE: GDOT) will announce its first quarter 2022 financial results on May 5, 2022, at 5:00 PM ET, followed by a conference call and earnings webcast. Investors can access the live webcast on Green Dot's investor relations website. Green Dot is a financial technology and registered bank holding company that offers a range of financial services, including debit and prepaid cards, and a digital banking platform, GO2bank. Having served over 33 million customers, it operates primarily as a branchless bank through more than 90,000 retail locations across the U.S.