Green Dot Corporation - GDOT STOCK NEWS

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.

Green Dot Corporation (NYSE: GDOT) has partnered with Plaid to enhance financial services for GO2bank customers. This collaboration allows GO2bank clients to access over 6,000 applications, facilitating a secure open finance experience. With an estimated 10% of Americans unbanked, the integration aims to provide essential financial tools to underserved populations. The partnership underscores the commitment of both companies to increase inclusive financial access, leveraging Plaid’s API for improved data connectivity. This initiative aligns with Green Dot’s mission to empower consumers through seamless banking solutions.

Green Dot Corporation announced the appointment of Peter Feld to its Board of Directors, effective March 11, 2022. Feld, a managing member and portfolio manager at Starboard Value LP, brings extensive experience from various public companies. Chair William I. Jacobs expressed confidence in Feld’s ability to unlock growth opportunities, vital for Green Dot’s transformation into a leading digital banking platform. Feld believes the company is undervalued and well-positioned in the evolving digital banking landscape.