Green Dot (GDOT) News & Sentiment

Digital bank and FinTech company Green Dot said Monday (March 10) that it made a leadership transition and engaged Citi to explore strategic alternatives.

In addition to its core offerings like prepaid cards and tax processing services, GDOT utilizes its technology and FDIC-insured banking license to provide Banking-as-a-Service.

PROVO, Utah--(BUSINESS WIRE)-- #BaaS--Green Dot Names Kim Olson Chief Risk Officer.

Green Dot (GDOT) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.14 per share a year ago.

PROVO, Utah--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) will host a conference call and earnings webcast to discuss fourth quarter 2024 financial results on Thursday, February 27th, 2025 at 5:00 p.m. ET. A press release with the company's fourth quarter 2024 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same w.

Green Dot is undervalued with a 17% FCF yield, poised for positive organic growth and new customer wins starting Q4 2024. The company's net interest income will increase as legacy mortgages roll off, boosting profitability by $35 million annually. Strong market positions in six business lines, with significant potential in Banking-As-A-Service and Direct Consumer segments.

New Collaboration with Green Dot Enables Cash Deposits at Over 7,500 CVS Pharmacy Locations AUSTIN, Texas and SAN FRANCISCO , Dec. 20, 2024 /PRNewswire/ -- Varo Bank , the first all-digital nationally chartered bank in the U.S., today announced a collaboration with Green Dot Corporation  (NYSE: GDOT) and CVS Health  (NYSE: CVS) to enable deposits for no fee for millions of Varo Bank customers at over 7,500 participating CVS Pharmacy locations nationwide. 1  Utilizing Green Dot's embedded finance platform (Arc) and expansive money movement network, the "Green Dot Network," Varo customers can now deposit cash at participating CVS Pharmacy locations 2  with zero fees.

Green Dot is transforming by investing in embedded finance to offset declines from legacy operations, focusing on consumer services, B2B, and money movement services. Despite recent struggles, GDOT's margin improvements and new BaaS customers like PLS and Dayforce signal potential growth in embedded finance. Risks include competition, low BaaS margins, and reliance on key partners like Walmart, but GDOT's disciplined approach and tech investments offer hope.

GDOT's third-quarter 2024 revenues increase primarily from the performance of the B2B Services segment.