Green Dot reports Q4 EPS 40c, consensus 35c

Reports Q4 revenue $455.024M, consensus $421.85M. “It was a solid year and fourth quarter for Green Dot (GDOT) as we accelerated revenue and earnings growth and saw our first positive quarter of account growth in several years,” said George Gresham, Chief Executive Officer of Green Dot. “We balanced the impact of ongoing headwinds with operational improvements and growth in our B2B and embedded finance businesses, aided by new partner wins including Varo, Clip Money, DolFintech and others — reflecting the increasing demand and growth opportunity in embedded finance and Green Dot’s unique value proposition. This reinforces our investments in Arc, our embedded finance brand and platform, and further bolsters my confidence in our growth strategy and path forward.”