Green Dot Corporation Class A , Company profile
About Green Dot Corporation
Green Dot Corporation is a financial technology and bank holding company focused on making banking and money movement accessible for all. Its Consumer Services segment consists of deposit account programs, such as consumer checking accounts, prepaid cards, secured credit cards and gift cards. Its B2B Services segment consists of partnerships with consumer and technology companies in the United States that makes its banking products and services available to their consumers, partners and workforce through integration with its banking platform (the Banking-as-a-Service) and a payroll platform that offers to corporate enterprises (the Employer channel) to facilitate payments for workforce. Its Money Movement Services segment is engaged in facilitating the movement of cash on behalf of consumers and businesses, such as money processing services and tax refund processing services.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Green Dot Corporation revenues increased 14% to $1.43B. Net income applicable to common stockholders increased from $22.8M to $47.1M. Revenues reflect Net Interest Margin - Total - % increase of 33% to 0.4%, Card Revenues increase of 33% to $788.8M. Basic Earnings per Share excluding Extraordinary Items increased from $0.43 to $0.87.
Equity composition
Class A Common Stock, $0.001 Par, 01/11 Shares auth. and o/s after the offering: 100M auth., 17,029,850 issd., Class B convertible common stock, $0.001 par, Shares auth. and O/S $100M auth., 24,847,799 issd., insiders own 26.63%. IPO: TBA.
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