Green Dot Corporation GDOT is currently focusing on long-term growth through prepaid cards, BaaS partnerships, and a strong balance sheet amid some challenges, including a decrease in customers and the end of partnerships in its traditional consumer division and its Banking-as-a-Service (BaaS) sector.
Green Dot (GDOT) witnesses growth in the B2B and Money Movement Services segments in the second quarter of 2024.
Green Dot Corporation (NYSE:GDOT ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Tim Willi - Senior Vice President, Finance George Gresham - Chief Executive Officer Jess Unruh - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Tim Switzer - KBW James Rush - Craig-Hallum Operator Good afternoon, and welcome to the Green Dot Second Quarter 2024 Conference Call. [Operator Instructions] Please note, this event is being recorded.
The headline numbers for Green Dot (GDOT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Green Dot (GDOT) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.37 per share a year ago.
Get a deeper insight into the potential performance of Green Dot (GDOT) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a Friday press release that while marketing, selling and servicing its prepaid debit card products and its tax return preparation payment services, Green Dot violated consumer law.
GO2bank will be the key driver of Green Dot's (GDOT) revenues going forward.
Green Dot (GDOT) benefits from BaaS partners, PLS launch and investment in infrastructure.
Green Dot (GDOT) witnesses growth in B2B and Money Movement Services segments in first-quarter 2024.