GDOT

Green Dot Corporation GDOT reported mixed second-quarter 2026 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same. GDOT’s adjusted earnings of 26 cents per share missed the Zacks Consensus Estimate of 41 cents by 36.6% and declined 35% year over year. Green Dot Corporation price-consensus-eps-surprise-chart | Green Dot Corporation Quote Total adjusted operating revenues of $591.3 million beat the consensus mark of $535 million by 10.5% and rose 18% year over year, led by business-to-business (B2B) Services. Gross dollar volume climbed 19.1% to $45.91 billion, while purchase volume declined 5.8%. However, the quarterly earnings miss and absence of guidance did not bode well for investors, as the stock has barely moved since the earnings release on Monday. The announcement of the acquisition of the firm by Smith Ventures and CommerceOne Financial Corporation, expected to be completed during the third quarter of fiscal 2026, also failed to impress the market. B2B Services revenues increased 28.6% year over year to $448.4 million in the second quarter of 2026. Growth was led by a significant Banking-as-a-Service (BaaS) partner and broader gains across the BaaS portfolio, including new and existing programs. B2B gross dollar volume rose 22% to $42.25 billion, while active accounts increased 9.4% to 1.98 million. Purchase volume edged up 1.3% to $2.03 billion. Segment profit advanced 15.9% to $32.4 million, though Green Dot noted margin compression because some BaaS arrangements are structured around fixed profit levels that do not scale with revenues. In employer services, purchase volume was flat year over year, the first quarter in more than two years without a decline. Consumer Services revenues declined 9% year over year to $84.8 million. Pressure continued in traditional retail channels as customers shifted toward digital banking apps, while lower marketing spending over the past two years weighed on the direct channel. Consumer active accounts fell 12% to 1.47 million, and direct deposit active accounts declined 7.3% to 0.38 million. Purchase volume decreased 10.4% to $2.68 billion. Expanded use of overdraft protection helped offset some revenue pressure, but segment profit still dropped 22% to $25.8 million. Money Movement Services revenues fell 7.8% to $46.9 million. Tax processing revenues declined as the number of tax refunds processed dropped 22.5% to 2.89 million, reflecting weaker volumes from online tax preparation partners and lower ancillary program fees tied to refund transfers. Cash transfers declined 1.9% to 7.38 million. However, cash transfer revenues increased, driven by higher disbursement revenue per transaction from a platform partner. Segment profit decreased 11.6% to $30.2 million. Money Movement margins were pressured by profit mix because a greater share of earnings came from lower-margin money processing activities. Total operating expenses increased to $596.6 million from $490.8 million a year earlier. Processing expenses jumped 35% to $394.7 million, mainly because of higher gross dollar volume across certain BaaS programs. Other general and administrative expenses rose 12% to $93.5 million on higher professional services fees tied to the proposed transactions, Anti-Money-Laundering compliance initiatives, depreciation, software licenses and hosting costs. Adjusted EBITDA declined 12% year over year to $40.2 million, while the adjusted EBITDA margin contracted to 6.8% from 9.1%. Sales and marketing expenses decreased 2% to $49.4 million, and compensation and benefits expenses fell 8% to $59 million, partly cushioning the heavier processing and corporate cost burden. Green Dot ended June with $1.14 billion of unrestricted cash and cash equivalents, down from $1.42 billion at 2025-end. Available-for-sale investment securities increased to $3.03 billion from $2.47 billion, while deposits rose to $4.64 billion from $4.42 billion. Net cash provided by operating activities was $194.7 million for the first six months of 2026, up from $177.7 million a year earlier. The company continued repositioning its securities portfolio toward higher-yielding assets and investing in platform modernization, compliance and operating infrastructure. Green Dot did not provide 2026 financial guidance because of the pending transactions with Smith Ventures and CommerceOne Financial Corporation. Required shareholder approvals have been obtained, regulatory applications have been filed, and closing remains subject to regulatory approvals and other customary conditions. Currently, Green Dot carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Clean Harbors, Inc. CLH posted better-than-expected second-quarter 2026 results. CLH’s adjusted earnings of $3.22 per share beat the Zacks Consensus Estimate by 17.5% and rose 36.4% year over year. Total revenues of $1.74 billion surpassed the consensus estimate by 6.8% and increased 12% from the year-ago quarter. Rollins, Inc. ROL posted unimpressive second-quarter 2026 results. ROL’s adjusted earnings of 32 cents per share missed the Zacks Consensus Estimate by 5.9% but rose 6.7% year over year. Total revenues of $1.08 billion fell short of the consensus estimate by 1.7% but increased 7.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Green Dot Corporation (GDOT) : Free Stock Analysis Report Clean Harbors, Inc. (CLH) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Company Delivers Another Quarter of Solid Performance as It Makes Progress Modernizing Its Platform and Optimizing Its Balance Sheet in Preparation for Acquisition by Smith Ventures and CommerceOne PROVO, Utah, August 10, 2026--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) ("Green Dot"), a financial technology and bank holding company that delivers seamless banking and payments solutions to consumers and businesses of all sizes, today reported its financial results for the quarter ended June 30, 2026. "The business continues to make headway in strengthening the foundation and optimizing our balance sheet, and we are seeing those efforts pay off," said William I Jacobs, Chairman and Chief Executive Officer, Green Dot Corporation. "We are pleased to deliver another solid quarter as we prepare for our next chapter with Smith Ventures and CommerceOne." Consolidated Results Summary Cash at the holding company was approximately $56 million as of June 30, 2026. Key Metrics The following table shows Green Dot's quarterly key business metrics for each of the last six calendar quarters on a consolidated basis and by each of its reportable segments. Please refer to Green Dot’s latest Annual Report on Form 10-K, as amended, for a description of the key business metrics, as well as additional information regarding how Green Dot organizes its business by segment. "It was a solid second quarter, coming in modestly ahead of our internal expectations, with several of our divisions generating better-than-expected operating income. Adjusted EBITDA was lower year over year due to the timing of tax revenues and up 5% year to date," said Jess Unruh, Chief Financial Officer of Green Dot. "The returns on our investments to support and drive growth are becoming more evident, and I am equally proud of the team for building a culture of cost containment and efficiency." Proposed Transactions with CommerceOne Financial Corporation and Smith Ventures, LLC On November 24, 2025, Green Dot announced that it entered into agreements to be acquired by affiliates of Smith Ventures, LLC ("Smith Ventures") and CommerceOne Financial Corporation ("CommerceOne"). Upon closing of these proposed transactions, Smith Ventures will acquire and privatize Green Dot’s non-bank financial technology business assets and operations (the "FinTech business"), which will continue running as an independent and growth-focused fintech and embedded finance company. Additionally, upon closing of these proposed transactions, CommerceOne will acquire Green Dot Bank and its associated assets and operations, and the combined organization will serve as the FinTech business’s exclusive sponsor bank. The closing of the transactions remains subject to the receipt of required regulatory approvals and the satisfaction of other customary closing conditions. The parties received the required shareholder approvals as well as early termination of the waiting period under the Hart-Scott-Rodino Act, and have filed regulatory applications with all applicable U.S. federal and state bank authorities. As a result of Green Dot’s proposed transactions with CommerceOne and Smith Ventures, Green Dot will not be hosting an earnings conference call nor providing 2026 financial guidance in conjunction with this earnings release. For further detail and discussion of Green Dot’s financial performance, please refer to the additional materials made available in the Investor Relations section of Green Dot's website at http://ir.greendot.com/ and Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission, as amended. Discussion of Segment Results On a consolidated basis, total operating revenues were $591.3 million for the second quarter of 2026, compared with $501.2 million in the prior-year period, an increase of 18%. Adjusted EBITDA was $40.2 million, compared with $45.4 million in the prior-year period, a decrease of 12%. The decrease reflects higher earnings in the tax processing business in the first quarter of 2026 rather than the second quarter, as it did in the prior year, as well as continued headwinds in the Consumer Services segment. On a year-to-date basis, adjusted EBITDA was $142.6 million, up 5% year-over-year, driven by strong growth in the tax processing business, continued growth in BaaS and improved returns from ongoing optimization of the balance sheet. Over the last several years, Green Dot has made strategic investments to strengthen its foundation for sustainable growth, and it is beginning to see those efforts pay off in meaningful ways, particularly in the tax and BaaS businesses, and as Green Dot launches new partners and helps existing partners grow. Investments to enhance Green Dot’s platform and improve enterprise operations are intended to position the FinTech business, composed of its Consumer, B2B and Money Movement businesses and related operations, to be a growth-enabled organization following the proposed acquisition by Smith Ventures, and as a valuable partner to Green Dot Bank and CommerceOne for years to come. Over the past twelve months, Green Dot added new partnerships across its B2B, Money Movement and Consumer segments. In the second quarter of 2026, Green Dot maintained a strong pipeline of prospective partners that continues to present substantial growth opportunities via fee-based transaction revenues and through deposits that are strategically invested in high-quality, interest-bearing assets. Optimizing balance sheet profitability remained an area of focus, and progress in this area is reflected in its year-to-date results. Green Dot sees additional opportunities to continue strengthening its earnings profile and balance sheet as it enhances its investment mix and grows deposits from its embedded finance offerings, particularly in its BaaS business. As revenue momentum improved, Green Dot continued making progress in its multi-year efforts to strengthen its operating and regulatory infrastructures and drive improved efficiency. The team remains focused on strengthening its technology platform and simplifying its operations to make Green Dot a more innovative, nimble platform and partner. Green Dot also remains committed to investing in its regulatory infrastructure and believes it is seeing the benefits of that work materialize in its pipelines as prospective partners prioritize compliance and regulatory support when selecting a platform partner. B2B Services Segment Green Dot’s B2B Services segment includes its BaaS division, powered by ARC, its end-to-end embedded finance platform, and its rapid! employer services business. Revenue growth continues to be led by a significant BaaS partner, along with growth across the broader BaaS portfolio. The rest of Green Dot’s BaaS channel, excluding a significant partner, experienced revenue acceleration and the strongest growth in over a year. Active accounts in the BaaS channel continue to increase as Green Dot works with new and existing partners to launch products and drive engagement. Green Dot expects its pipeline of launches and other opportunities to support continued revenue and deposit growth. In employer services (rapid!), Green Dot is repositioning the business by aligning the sales force, improving efficiency, lowering expenses, and focusing more on Earned Wage Access ("EWA"), where Green Dot sees meaningful growth potential. Purchase volume in the quarter was flat with last year, the first time in over two years that Green Dot did not experience a decline in this key metric, suggesting these changes are gaining traction. Green Dot has reinvested some cost savings into EWA capabilities, sales support, and integrations with new payroll platforms to pursue additional opportunities. Green Dot remains optimistic about EWA given the sizable market, strong demand and attractive margins. Overall, B2B segment profit grew year over year, driven by higher demand and activity in BaaS. BaaS margins declined modestly due to its revenue mix, particularly the growth of a significant partner. Margins in Green Dot’s rapid! employer services division declined from the prior year period, primarily due to declines in revenue that modestly outpaced a reduction in operating expenses. Money Movement Services Segment Green Dot’s Money Movement Services segment includes its tax processing and money processing businesses. Revenue declined due in large part to a strong first quarter for the tax business and some revenue shifting from the second quarter to the first quarter as compared to the prior year. Despite the decline in the second quarter, year to date revenue in the tax business is up almost 18%, driven by market share gains and the launch of a significant new franchise partner. Green Dot has invested in its tax operations over time to strengthen its position as a technology and service leader, and the successful launch of this new partner reinforces that. The team has also expanded product availability, especially taxpayer advance programs, which continue to see strong momentum and customer adoption. Green Dot’s money processing business returned to revenue growth for the first time in over a year, driven by an increase in third-party transactions that offset headwinds associated with the softness in the Consumer segment’s active base. After a year of declines in its third-party transactions due to the loss of two low-margin customers for its third-party business, this growth reflects the health of the remaining partner base and continued success in adding partners that value the breadth and convenience of its network. With money processing and BaaS operations more closely aligned, Green Dot expects to maintain a healthy pipeline of potential partners. Combined with recent cash transfer and digital disbursement launches, a solid schedule of upcoming launches, including Stripe, and moderating declines in the Consumer segment, Green Dot believes the business is well positioned to improve momentum from prior quarters. Margins in Money Movement Services were affected by profit mix. Both money processing and tax margins remained relatively flat with last year, but a higher percentage of earnings this quarter came from the money processing business which has lower margins. Consumer Services Segment The Consumer Services segment continued to face headwinds in retail and from lower marketing spend in its direct business. However, despite pressure on actives and revenue, key metrics such as volume and revenue per active continued to grow in the quarter as a result of improved consumer engagement with features such as overdraft. Green Dot’s retail channel continues to face pressure as consumers shift to digital banking apps instead of purchasing cards at retail locations. Green Dot has reduced some of that pressure by focusing on Financial Service Centers ("FSCs"), including the mid-2024 launch of PLS Financial Services, which helped moderate declines in actives and revenue. With FSC partners, Green Dot is introducing digital and embedded solutions that align more closely with its BaaS offerings and support deeper customer relationships. Green Dot is launching several new FSC partners in 2026 that it expects to further offset traditional retail headwinds. Green Dot is also seeing an increased interest from traditional retail partners in digital and embedded solutions, which Green Dot believes can improve engagement and activity across the retail customer base. As well, Green Dot continues to see improvement in engagement, particularly in its overdraft product, which has helped offset the secular headwinds. The decline in direct channel revenue was largely driven by declines in active accounts as Green Dot pulled back its marketing in the last two years and focused on returns while investing to modernize the user experience and add new features. Green Dot is nearing the completion of the first phase of this modernization and believes the improved user experience, added functionality, and a more consistent marketing cadence can position the business to return to growth. Segment profit and margins declined year-over-year due to lower revenue and revenue mix. Corporate and Other Segment Corporate and Other segment revenue, consisting primarily of interest income net of partner interest sharing, experienced solid growth year over year. Rate cuts over the past year improved the spread between what Green Dot earns on cash and investments and what it shares with partners. Green Dot also continued to optimize its balance sheet by repositioning part of the securities portfolio and investing more cash in high-grade, floating-rate securities with higher yields. Corporate expenses increased modestly as Green Dot made selective investments in areas such as compliance and risk management, but corporate expenses as a percentage of revenue declined year over year. Forward-Looking Statements This earnings release contains statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed to be forward-looking statements. These forward-looking statements include, but are not limited to, certain plans, expectations, goals, projections, and statements about the benefits or costs of the proposed transactions, the plans, objectives, expectations and intentions of Green Dot, CommerceOne, and affiliates of Smith Ventures, including future financial and operating results (including the anticipated impact of the proposed transactions), statements related to the expected timing of the completion of the proposed transactions, the plans, objectives, expectations and intentions of Compass Sub North, Inc., a newly formed Delaware corporation and a direct, wholly-owned subsidiary of CommerceOne (to be renamed "CommerceOne Financial Corporation" as part of the proposed transactions), following the consummation of the proposed transactions (the "combined company" or "New CommerceOne") described herein, and other statements that are not historical facts. You can identify these forward-looking statements through the use of words such as "expects," "anticipates," "targets," "goals," "projects," "predicts," "forecasts," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may" and "assumes," variations of such words and similar expressions of the future or otherwise regarding the outlook for Green Dot’s, CommerceOne’s or the combined company’s future businesses and financial performance and/or the performance of the banking industry and economy in general. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Green Dot, CommerceOne or the combined company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Green Dot or CommerceOne and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this communication. Many of these factors are beyond Green Dot’s, CommerceOne’s or the combined company’s ability to control or predict, and there is no assurance that any list of risks and uncertainties or risk factors is complete. These factors include, among others, (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to Green Dot’s business and to CommerceOne’s business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of Green Dot’s and CommerceOne’s respective businesses and operations, or the separation of Green Dot’s non-bank fintech businesses from Green Dot Bank, will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the failure to satisfy the conditions to the closing of the transactions among Green Dot, CommerceOne and Smith Ventures, (5) the amount of the costs, fees, expenses and charges related to the transactions, (6) the ability by each of Green Dot, CommerceOne and Smith Ventures to obtain required governmental approvals of the proposed transactions on the timeline expected, or at all, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed transactions, (7) reputational risk and the reaction of Green Dot’s or CommerceOne’s customers, suppliers, employees or other business partners to the proposed transactions, (8) challenges retaining or hiring key personnel following the proposed transactions, (9) any unexpected delay in closing the proposed transactions or the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement or Separation Agreement, (10) the dilution caused by the issuance of shares of the combined company’s common stock in the transaction, (11) the possibility that the proposed transactions may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (12) risks related to management and oversight of the business and operations of the combined company and the separation of Green Dot’s non-bank fintech business from Green Dot Bank and the combined company, (13) the possibility the combined company is subject to additional regulatory requirements or consent orders as a result of the proposed transactions, (14) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against Green Dot, CommerceOne or the combined company, and (15) general competitive, economic, political, regulatory and market conditions and other factors that may affect future results of Green Dot, CommerceOne and the combined company, including changes in asset quality and credit risk; the inability to sustain or achieve revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the ability to raise or maintain liquidity, funding, and capital; the impact, extent and timing of technological changes; capital management activities; fraudulent or other illegal activity involving the products and services of Green Dot, CommerceOne or the combined company; cybersecurity risks, including cyber-attacks or security breaches; fluctuations in operating results; changes in legislation, regulation, policies or administrative practices and the ability to comply with such changes in a timely manner; and changes in the monetary and fiscal policies of the U.S. Government. Additional factors which could affect future results of Green Dot can be found in Green Dot’s filings with the Securities and Exchange Commission, including in Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, under the captions "Forward-Looking Statements" and "Risk Factors," and Green Dot’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Green Dot, CommerceOne and Smith Ventures do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. About Non-GAAP Financial Measures To supplement Green Dot's consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America (GAAP), Green Dot uses measures of operating results that are adjusted for, among other things, non-operating net interest income and expense; other non-interest investment income earned by its bank; income tax benefit and expense; depreciation and amortization, including amortization of acquired intangibles; certain legal settlement gains and charges; stock-based compensation and related employer payroll taxes; changes in the fair value of contingent consideration; transaction costs from acquisitions or divestitures; amortization attributable to deferred financing costs; impairment charges; extraordinary severance expenses; earnings or losses from equity method investments; changes in the fair value of loans held for sale; commissions and certain processing-related costs associated with embedded finance products and services where Green Dot does not control customer acquisition; realized gains and losses on available-for-sale investment securities; restructuring and other charges; other charges and income not reflective of ongoing operating results; and income tax effects. This earnings release includes non-GAAP total operating revenues, adjusted EBITDA, non-GAAP net income, and non-GAAP diluted earnings per share. These non-GAAP financial measures are not calculated or presented in accordance with, and are not alternatives or substitutes for, financial measures prepared in accordance with GAAP, and should be read only in conjunction with Green Dot's financial measures prepared in accordance with GAAP. Green Dot's non-GAAP financial measures may be different from similarly-titled non-GAAP financial measures used by other companies. Green Dot believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. Green Dot's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage and evaluate Green Dot's business and make operating decisions. For additional information regarding Green Dot's use of non-GAAP financial measures and the items excluded by Green Dot from one or more of its historic non-GAAP financial measures, investors are encouraged to review the reconciliations of Green Dot's historic non-GAAP financial measures to the comparable GAAP financial measures, which are attached to this earnings release, and which can be found by clicking on "Financial Information" in the Investor Relations section of Green Dot's website at http://ir.greendot.com/. About Green Dot Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. ​For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money. Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network ("GDN") of more than 90,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 7,000 businesses and their employees; and Santa Barbara TPG ("SBTPG"), the company’s tax division, which processes on average approximately 13 million tax refunds annually. Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot’s products and services, please visit www.greendot.com. Green Dot's segment reporting is based on how its Chief Operating Decision Maker ("CODM") manages its businesses, including resource allocation and performance assessment. Its CODM (who is the Chief Executive Officer) organizes and manages the businesses primarily on the basis of the channels in which its products and services are offered and uses net revenue and segment profit to assess profitability. Segment profit reflects each segment's net revenue less direct costs, such as sales and marketing expenses, processing expenses, transaction losses and fraud management, and customer support and related expenses. Green Dot’s operations are aggregated amongst three reportable segments: 1) Business to Business ("B2B") Services, 2) Consumer Services and 3) Money Movement Services. The Corporate and Other segment primarily consists of net interest income, certain other investment income earned by Green Dot's bank, interest profit sharing arrangements with certain BaaS partners (a reduction of revenue), eliminations of inter-segment revenues and expenses, and unallocated corporate expenses, which include Green Dot's fixed expenses, such as salaries, wages and related benefits for its employees and certain third-party contractors, professional services fees, software licenses, telephone and communication costs, rent, utilities, and insurance that are not considered when Green Dot's CODM evaluates segment performance. Non-cash expenses such as stock-based compensation, depreciation and amortization of long-lived assets, impairment charges and other non-recurring expenses that are not considered by Green Dot's CODM when it is evaluating overall consolidated financial results are excluded from its unallocated corporate expenses. View source version on businesswire.com: https://www.businesswire.com/news/home/20260810502123/en/ Contacts Investor Relations: [email protected] Media Relations: Alison LubertSVP, Head of Corporate [email protected]

Green Dot (GDOT) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -36.59%. A quarter ago, it was expected that this bank holding company would post earnings of $0.88 per share when it actually produced earnings of $1.12, delivering a surprise of +27.27%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Green Dot, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $591.29 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 10.52%. This compares to year-ago revenues of $501.16 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Green Dot shares have added about 2.7% since the beginning of the year versus the S&P 500's gain of 13.3%. While Green Dot has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Green Dot was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.11 on $528.5 million in revenues for the coming quarter and $1.68 on $2.24 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. DLocal (DLO), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This online payment company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +42.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. DLocal's revenues are expected to be $359.84 million, up 40.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Green Dot Corporation (GDOT) : Free Stock Analysis Report DLocal Limited (DLO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PAR Technology (PAR) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +63.64%. A quarter ago, it was expected that this software provider for the hospitality industry would post earnings of $0.07 per share when it actually produced earnings of $0.1, delivering a surprise of +42.86%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. PAR Technology, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $133.41 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.16%. This compares to year-ago revenues of $112.4 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. PAR Technology shares have lost about 51.4% since the beginning of the year versus the S&P 500's gain of 12.8%. While PAR Technology has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for PAR Technology was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $128.64 million in revenues for the coming quarter and $0.60 on $509.81 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Green Dot (GDOT), another stock in the same industry, has yet to report results for the quarter ended June 2026. This bank holding company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +2.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Green Dot's revenues are expected to be $535 million, up 6.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PAR Technology Corporation (PAR) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A month has gone by since the last earnings report for Green Dot (GDOT). Shares have added about 1.2% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Green Dot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. Green Dot Corporation reported impressive first-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate. GDOT’s adjusted earnings of $1.12 per share beat the Zacks Consensus Estimate of 88 cents by 27.3% and increased 6% from the year-ago quarter. Total adjusted operating revenues of $652 million surpassed the consensus mark by 9.1% and rose 17% year over year. The upside was driven by strong momentum in the Business to Business (B2B) Services and Money Movement businesses, particularly tax processing and embedded finance operations. Green Dot’s B2B Services revenues increased 22% year over year to $417.5 million in the first quarter of 2026. The improvement was primarily driven by continued strength from a large Banking-as-a-Service partner, as well as growth from existing partners and new launches. Business-as-a-Service active accounts climbed 17% from the prior-year quarter as the company expanded relationships with partners and introduced new products and services. Gross dollar volume within the division increased 22%, reflecting strong transaction activity across several strategic partners. The rapid! Paycard business remained under pressure due to weakness in the staffing industry. Revenues in the unit declined 12%, while active accounts fell 13%. However, management noted that the pace of decline moderated during the quarter as expense reduction initiatives and earned wage access investments supported profitability. Money Movement Services revenues rose 19% year over year to $130.7 million. The increase was led by tax processing operations, aided by a strong tax season and the launch of a large franchise partner. The Tax Processing division’s revenues jumped 28% despite a 3% decline in tax refunds processed year over year. The business benefited from higher adoption of value-added products and services across its partner network. Money processing revenues declined due to lower transaction activity tied to Green Dot-issued accounts. Revenue-generating cash transfers from GDOT-issued accounts fell 16%, while third-party cash transfer volumes decreased 3%. Per management, excluding two lower-revenue partnerships, third-party transaction activity increased in the low single-digit range. The company highlighted its recently announced Stripe partnership as part of its future growth pipeline. Consumer Services revenues declined 9% year over year to $86.5 million. Ongoing pressure in traditional retail channels and lower marketing spend in the direct-to-consumer business weighed on performance. Retail active accounts decreased 12% as consumers increasingly shifted toward digital-first banking products. Direct-channel active accounts plunged 25% due to reduced marketing investments over the past several quarters. Despite the decline in active accounts, customer engagement metrics improved. Revenue per active account increased 8% year over year, while purchase volume per account rose 6%. The company continued expanding its Financial Service Center partnerships to offset retail weakness. Management expects recently launched partnerships, including DolFinTech and Amscot, to support moderating revenue declines going forward. Gross dollar volume increased 16% year over year to $43.2 billion. Purchase volume declined 8% to $4.7 billion, reflecting lower activity in Consumer Services and rapid! Paycard operations. Total active accounts declined 4% year over year to 3.43 million. B2B Services active accounts increased 7%, partially offsetting a 16% decline in Consumer Services accounts. Adjusted EBITDA increased 13% year over year to $102.4 million. However, the adjusted EBITDA margin contracted 58 basis points to 15.7% due to revenue mix pressure in the B2B and Money Movement businesses. Segment profit in Consumer Services declined 24%, while B2B Services and Money Movement segment profits increased 6% and 15%, respectively. Green Dot exited the quarter with unrestricted cash and cash equivalents of $1.65 billion compared with $1.42 billion at 2025-end. Deposits totaled $4.53 billion at quarter-end. Net cash provided by operating activities was $95.1 million in the quarter. The company borrowed $500 million through Federal Home Loan Bank advances during the period. Management said ongoing investments in regulatory infrastructure, platform modernization and operational efficiency are helping strengthen the company’s long-term growth profile. Green Dot continued repositioning its securities portfolio toward high-grade floating-rate investments, which contributed to higher investment income. The company did not provide 2026 financial guidance due to the pending acquisition agreements involving Smith Ventures and CommerceOne Financial Corporation. Per management, regulatory and shareholder approval processes for the transactions are ongoing. In the past month, investors have witnessed a downward trend in fresh estimates. At this time, Green Dot has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock has a score of A on the value side, putting it in the top quintile for value investors. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Green Dot has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Green Dot is part of the Zacks Financial Transaction Services industry. Over the past month, Corpay (CPAY), a stock from the same industry, has gained 5.8%. The company reported its results for the quarter ended March 2026 more than a month ago. Corpay reported revenues of $1.26 billion in the last reported quarter, representing a year-over-year change of +25.4%. EPS of $5.80 for the same period compares with $4.51 a year ago. Corpay is expected to post earnings of $6.56 per share for the current quarter, representing a year-over-year change of +27.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.3%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Corpay. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Green Dot Corporation (GDOT) : Free Stock Analysis Report Corpay, Inc. (CPAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Green Dot Corporation GDOT reported impressive first-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate. GDOT’s adjusted earnings of $1.12 per share beat the Zacks Consensus Estimate of 88 cents by 27.3% and increased 6% from the year-ago quarter. Total adjusted operating revenues of $652 million surpassed the consensus mark by 9.1% and rose 17% year over year. The upside was driven by strong momentum in the Business to Business (B2B) Services and Money Movement businesses, particularly tax processing and embedded finance operations. However, the better-than-expected results failed to impress investors, as the stock has barely moved since the earnings release on May 11. Green Dot Corporation price-consensus-eps-surprise-chart | Green Dot Corporation Quote Green Dot’s B2B Services revenues increased 22% year over year to $417.5 million in the first quarter of 2026. The improvement was primarily driven by continued strength from a large Banking-as-a-Service (BaaS) partner, as well as growth from existing partners and new launches. BaaS active accounts climbed 17% from the prior-year quarter as the company expanded relationships with partners and introduced new products and services. Gross dollar volume within the division increased 22%, reflecting strong transaction activity across several strategic partners. The rapid! Paycard business remained under pressure due to weakness in the staffing industry. Revenues in the unit declined 12%, while active accounts fell 13%. However, management noted that the pace of decline moderated during the quarter as expense reduction initiatives and earned wage access investments supported profitability. Money Movement Services revenues rose 19% year over year to $130.7 million. The increase was led by tax processing operations, aided by a strong tax season and the launch of a large franchise partner. The Tax Processing division’s revenues jumped 28% despite a 3% decline in tax refunds processed year over year. The business benefited from higher adoption of value-added products and services across its partner network. Money processing revenues declined due to lower transaction activity tied to Green Dot-issued accounts. Revenue-generating cash transfers from GDOT-issued accounts fell 16%, while third-party cash transfer volumes decreased 3%. Per management, excluding two lower-revenue partnerships, third-party transaction activity increased in the low single-digit range. The company highlighted its recently announced Stripe partnership as part of its future growth pipeline. Consumer Services revenues declined 9% year over year to $86.5 million. Ongoing pressure in traditional retail channels and lower marketing spend in the direct-to-consumer business weighed on performance. Retail active accounts decreased 12% as consumers increasingly shifted toward digital-first banking products. Direct-channel active accounts plunged 25% due to reduced marketing investments over the past several quarters. Despite the decline in active accounts, customer engagement metrics improved. Revenue per active account increased 8% year over year, while purchase volume per account rose 6%. The company continued expanding its Financial Service Center partnerships to offset retail weakness. Management expects recently launched partnerships, including DolFinTech and Amscot, to support moderating revenue declines going forward. Gross dollar volume increased 16% year over year to $43.2 billion. Purchase volume declined 8% to $4.7 billion, reflecting lower activity in Consumer Services and rapid! Paycard operations. Total active accounts declined 4% year over year to 3.43 million. B2B Services active accounts increased 7%, partially offsetting a 16% decline in Consumer Services accounts. Adjusted EBITDA increased 13% year over year to $102.4 million. However, the adjusted EBITDA margin contracted 58 basis points to 15.7% due to revenue mix pressure in the B2B and Money Movement businesses. Segment profit in Consumer Services declined 24%, while B2B Services and Money Movement segment profits increased 6% and 15%, respectively. Green Dot exited the quarter with unrestricted cash and cash equivalents of $1.65 billion compared with $1.42 billion at 2025-end. Deposits totaled $4.53 billion at quarter-end. Net cash provided by operating activities was $95.1 million in the quarter. The company borrowed $500 million through Federal Home Loan Bank advances during the period. Management said ongoing investments in regulatory infrastructure, platform modernization and operational efficiency are helping strengthen the company’s long-term growth profile. Green Dot continued repositioning its securities portfolio toward high-grade floating-rate investments, which contributed to higher investment income. The company did not provide 2026 financial guidance due to the pending acquisition agreements involving Smith Ventures and CommerceOne Financial Corporation. Per management, regulatory and shareholder approval processes for the transactions are ongoing. Currently, Green Dot carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Equifax Inc. EFX reported better-than-expected first-quarter 2026 results. EFX’s adjusted earnings per share of $1.86 beat the Zacks Consensus Estimate by 10.1% and increased 21.6% from the year-ago quarter. EFX’s revenues of $1.6 billion surpassed the consensus estimate by 2.3% and improved 14.4% year over year. Waste Connections, Inc. WCN posted impressive first-quarter 2026 results. WCN’s adjusted earnings of $1.23 per share outpaced the consensus mark by 3.4% and rose 8.9% from the year-ago quarter. WCN’s total revenues of $2.37 billion beat the consensus mark by 0.7% and increased 6.4% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Equifax, Inc. (EFX) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report Waste Connections, Inc. (WCN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Company Delivers Strong Performance as it Makes Progress Strengthening Fintech Platform and Bank and Prepares for Acquisition by Smith Ventures and CommerceOne PROVO, Utah, May 11, 2026--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) ("Green Dot"), a financial technology and bank holding company that delivers seamless banking and payments solutions to consumers and businesses of all sizes, today reported its financial results for the quarter ended March 31, 2026. "Our results reflect our hard work to strengthen our platform and pipeline, accelerate momentum in our embedded finance division, and optimize our balance sheet," said William Jacobs, Chief Executive Officer of Green Dot. "These efforts help ensure the company has a strong foundation and ample growth opportunity going forward, as well as in its next chapter with Smith Ventures and CommerceOne." Consolidated Results Summary Cash at the holding company was approximately $34 million as of March 31, 2026. Key Metrics The following table shows Green Dot's quarterly key business metrics for each of the last five calendar quarters on a consolidated basis and by each of its reportable segments. Please refer to Green Dot’s latest Annual Report on Form 10-K for a description of the key business metrics, as well as additional information regarding how Green Dot organizes its business by segment. "We had a strong start to the year led by performance in our tax processing business, and outperformance in several of our other divisions," said Jess Unruh, Chief Financial Officer of Green Dot. "As we continue making investments that support top-line growth, we are also building a culture of cost discipline that helps drive our bottom-line results, as we benefited from modestly lower operating expenses in the quarter." Proposed Transactions with CommerceOne Financial Corporation and Smith Ventures, LLC On November 24, 2025, Green Dot announced that it entered into agreements to be acquired by affiliates of Smith Ventures, LLC ("Smith Ventures") and CommerceOne Financial Corporation ("CommerceOne"). Upon closing of these proposed transactions, Smith Ventures will acquire and privatize Green Dot’s non-bank financial technology business assets and operations (the "FinTech business"), which will continue running as an independent and growth-focused fintech and embedded finance company. Additionally, upon closing of these proposed transactions, CommerceOne will acquire Green Dot Bank and its associated assets and operations, and the combined organization will serve as the FinTech business’s exclusive sponsor bank. The closing of the transactions remains subject to the receipt of required shareholder and regulatory approvals and the satisfaction of other customary closing conditions. The parties received early termination of the waiting period under the Hart-Scott-Rodino Act and have filed regulatory applications to all applicable U.S. federal and state bank authorities. As a result of Green Dot’s proposed transactions with CommerceOne and Smith Ventures, Green Dot will not be hosting an earnings conference call nor providing 2026 financial guidance in conjunction with this earnings release. For further detail and discussion of Green Dot’s financial performance, please refer to the additional materials made available in the Investor Relations section of Green Dot's website at http://ir.greendot.com/ and Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission, as amended. Discussion of Segment Results Over the last several years, Green Dot has strengthened its foundation for sustainable growth, and it is beginning to see those efforts pay off. Investments to enhance its platform and improve enterprise operations will help position the FinTech business, comprised of the consumer and embedded finance divisions and operations, to be a growth-enabled organization upon being acquired and taken private by Smith Ventures and a valuable partner to Green Dot Bank and CommerceOne for years to come. 2025 was a strong year for new business growth, with new partnerships across the B2B, money movement and consumer divisions. In the first quarter of 2026, Green Dot maintained a strong pipeline of prospective partners that continue to present substantial growth opportunities via its fee-based transaction revenues and through deposits that are strategically invested in high-quality, interest-bearing assets. Optimizing balance sheet profitability has remained an area of focus, and Green Dot's efforts and progress in this area are reflected in the results as well. Green Dot sees additional opportunities to continue strengthening its earnings profile and balance sheet, as it enhances its investment mix and grows deposits from the embedded finance offerings, particularly in the BaaS business. As revenue momentum improved, Green Dot continued making progress in its multi-year efforts to strengthen its operating and regulatory infrastructures and drive improved efficiency. The team remains focused on strengthening the technology platform and simplifying operations to make Green Dot a more innovative, nimble platform and partner. Green Dot also remains committed to investing in regulatory infrastructure and believes it is seeing the benefits of that work materialize in pipelines as prospective partners prioritize compliance and regulatory support when selecting a platform partner. B2B Services Segment The B2B Services segment includes the BaaS division, powered by ARC, Green Dot's end-to-end embedded finance platform, and the rapid! employer solutions business. Revenue growth continues to be led by a significant BaaS partner, along with growth across the broader BaaS portfolio. Active accounts in the BaaS channel continue to increase as Green Dot works with new and existing partners to launch products and drive engagement. Green Dot expects its pipeline of launches and other opportunities to support continued revenue and deposit growth. In employer services (rapid!), Green Dot is repositioning the business by aligning the salesforce, improving efficiency, lowering expenses, and focusing more on Earned Wage Access ("EWA"), where it sees meaningful growth potential. Declines in purchase volume continued to moderate in the quarter, suggesting these changes are gaining traction and helped drive higher profitability per active account. Green Dot reinvested a portion of the cost savings into EWA capabilities, sales support, and integrations with new payroll platforms to pursue additional opportunities. Green Dot remains optimistic about EWA, given its strong demand and attractive margins. Overall, B2B segment profit grew year-over-year, driven by higher demand and activity in BaaS. BaaS margins declined modestly due to its revenue mix, particularly the growth of a significant partner. Margins in rapid! employer services improved from the prior year period, primarily due to cost initiatives taken over the last several quarters. Money Movement Services Segment The Money Movement Services segment includes the tax processing and money processing businesses. Revenue growth was driven by tax processing, supported by a strong start to the tax season and the launch of a significant new franchise partner. Green Dot has invested in its tax operations over time to strengthen its position as a technology and service leader, and the successful launch of this new partner reinforces that. Green Dot has also expanded product availability, especially taxpayer advance programs, which continue to see strong momentum and customer adoption. Money processing revenue was affected by softness in the Consumer segment’s active account base. With respect to third-party transactions, excluding two partners with declines in low-revenue transactions, volume increased in the low- to mid-single digits in the quarter, reflecting continued success in adding partners that value the breadth and convenience of the network. With Money Processing and BaaS operations more closely integrated, Green Dot expects to maintain a healthy pipeline of potential partners. Combined with recent cash transfer and digital disbursement launches, a solid schedule of upcoming launches, including Stripe, and moderating declines in the Consumer segment, Green Dot believes the business is well positioned to improve momentum from prior quarters. Margins in Money Movement Services were affected by modest declines in both money processing and tax processing. Money processing margins were pressured by ongoing revenue headwinds, while tax processing margin pressure primarily reflected revenue mix, despite solid profit growth in that business. Consumer Services Segment The Consumer Services segment continued to face pressure from ongoing headwinds in traditional retail distribution and reduced marketing spend supporting the direct-to-consumer channel. Retail channel performance reflected continued consumer shift to digital banking solutions instead of purchasing cards at retail locations. Green Dot partially mitigated these impacts through expansion within Financial Service Centers ("FSCs"), including the mid-2024 launch of PLS Financial Services, which contributed to a reduced rate of decline in active accounts and revenue. FSC partners, unlike the traditional retail relationships, are focused on digital and embedded solutions aligned with Green Dot's BaaS offerings, with the goal of driving deeper, more meaningful banking relationships with customers. Green Dot is preparing to introduce several new FSC partners in 2026, which are expected to help mitigate challenges faced by traditional retail channels. Additionally, there has been a noticeable increase in interest from traditional retail partners regarding digital and embedded solutions. This development is anticipated to enhance engagement and activity across the retail customer base. Revenue declines in the direct-to-consumer channel were largely attributable to reduced marketing investment during the second half of 2024 and much of 2025, as Green Dot prioritized achieving acceptable returns on marketing investments and advancing its efforts to modernize the user experience and develop new feature functionality. As these initiatives have progressed, Green Dot increased marketing spend in the fourth quarter of 2025 and saw a modest sequential increase in actives in the first quarter of 2026. Green Dot believes the improved user experience, added functionality, and a more consistent marketing cadence can position the business to return to growth. Segment margins and operating income declined year-over-year, reflecting lower revenue and higher expenses. Despite declines in active accounts and revenue, key metrics such as volume and revenue per active continued to grow. Corporate and Other Segment Similar to last quarter, Corporate and Other segment revenues, consisting primarily of interest income net of partner interest sharing, increased sharply year-over-year. Results benefitted from interest rate cuts during the second half of 2025, which improved the spread between yields earned on cash and investments and amounts shared with partners. Additionally, Green Dot repositioned a portion of its securities portfolio in 2025 and increased investment in high‑grade floating‑rate securities, contributing to improved yields at Green Dot Bank. Corporate expenses increased modestly as Green Dot made selective investments in areas such as compliance and risk management, but corporate expenses as a percentage of revenue declined year-over-year. Forward-Looking Statements This earnings release contains statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed to be forward-looking statements. These forward-looking statements include, but are not limited to, certain plans, expectations, goals, projections, and statements about the benefits or costs of the proposed transactions, the plans, objectives, expectations and intentions of Green Dot, CommerceOne, and affiliates of Smith Ventures, including future financial and operating results (including the anticipated impact of the proposed transactions), statements related to the expected timing of the completion of the proposed transactions, the plans, objectives, expectations and intentions of Compass Sub North, Inc., a newly formed Delaware corporation and a direct, wholly-owned subsidiary of CommerceOne (to be renamed "CommerceOne Financial Corporation" as part of the proposed transactions), following the consummation of the proposed transactions (the "combined company" or "New CommerceOne") described herein, and other statements that are not historical facts. You can identify these forward-looking statements through the use of words such as "expects," "anticipates," "targets," "goals," "projects," "predicts," "forecasts," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may" and "assumes," variations of such words and similar expressions of the future or otherwise regarding the outlook for Green Dot’s, CommerceOne’s or the combined company’s future businesses and financial performance and/or the performance of the banking industry and economy in general. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Green Dot, CommerceOne or the combined company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Green Dot or CommerceOne and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this communication. Many of these factors are beyond Green Dot’s, CommerceOne’s or the combined company’s ability to control or predict, and there is no assurance that any list of risks and uncertainties or risk factors is complete. These factors include, among others, (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to Green Dot’s business and to CommerceOne’s business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of Green Dot’s and CommerceOne’s respective businesses and operations, or the separation of Green Dot’s non-bank fintech businesses from Green Dot Bank, will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the failure to satisfy the conditions to the closing of the transactions among Green Dot, CommerceOne and Smith Ventures, including the failure to obtain the necessary approvals by the stockholders of Green Dot or CommerceOne, (5) the amount of the costs, fees, expenses and charges related to the transactions, (6) the ability by each of Green Dot, CommerceOne and Smith Ventures to obtain required governmental approvals of the proposed transactions on the timeline expected, or at all, and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company after the closing of the proposed transaction or adversely affect the expected benefits of the proposed transactions, (7) reputational risk and the reaction of Green Dot’s or CommerceOne’s customers, suppliers, employees or other business partners to the proposed transactions, (8) challenges retaining or hiring key personnel following the proposed transactions, (9) any unexpected delay in closing the proposed transactions or the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement or Separation Agreement, (10) the dilution caused by the issuance of shares of the combined company’s common stock in the transaction, (11) the possibility that the proposed transactions may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (12) risks related to management and oversight of the business and operations of the combined company and the separation of Green Dot’s non-bank fintech business from Green Dot Bank and the combined company, (13) the possibility the combined company is subject to additional regulatory requirements or consent orders as a result of the proposed transactions, (14) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against Green Dot, CommerceOne or the combined company, and (15) general competitive, economic, political, regulatory and market conditions and other factors that may affect future results of Green Dot, CommerceOne and the combined company, including changes in asset quality and credit risk; the inability to sustain or achieve revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the ability to raise or maintain liquidity, funding, and capital; the impact, extent and timing of technological changes; capital management activities; fraudulent or other illegal activity involving the products and services of Green Dot, CommerceOne or the combined company; cybersecurity risks, including cyber-attacks or security breaches; fluctuations in operating results; changes in legislation, regulation, policies or administrative practices and the ability to comply with such changes in a timely manner; and changes in the monetary and fiscal policies of the U.S. Government. Additional factors which could affect future results of Green Dot can be found in Green Dot’s filings with the Securities and Exchange Commission (the "SEC"), including in Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, under the captions "Forward-Looking Statements" and "Risk Factors," and Green Dot’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Green Dot, CommerceOne and Smith Ventures do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. Important Information About the Transaction and Where to Find It New CommerceOne filed a registration statement on Form S-4 (File No. 333-293326) with the SEC on February 10, 2026,1 as amended on April 7, 2026,2 May 1, 20263 and May 7, 20264 to register the shares of New CommerceOne common stock that will be issued to CommerceOne stockholders and Green Dot stockholders in connection with the proposed transactions. The registration statement includes a proxy statement of Green Dot and CommerceOne that also constitutes a prospectus of New CommerceOne. The registration statement was declared effective on May 8, 2026, at which time Green Dot filed a definitive proxy statement and New CommerceOne filed a final prospectus. Green Dot and New CommerceOne expect to commence mailing of the proxy statement/prospectus to their respective shareholders on or about May 15, 2026. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS (AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTIONS OR INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT/PROSPECTUS) BECAUSE SUCH DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Green Dot or New CommerceOne through the website maintained by the SEC at http://www.sec.gov. Documents filed with the SEC by Green Dot will also be available free of charge by contacting the investor relations department of Green Dot at [email protected] or by clicking on "Financial Information" in the Investor Relations section of Green Dot's website at http://ir.greendot.com/. Before making any voting or investment decision, investors and security holders of Green Dot and CommerceOne are urged to read carefully the entire registration statement and proxy statement/prospectus, including any amendments thereto, because they contain or will contain important information about the proposed transactions. Free copies of these documents may be obtained as described above. Participants in Solicitation Green Dot and CommerceOne and certain of their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Green Dot’s stockholders in respect of the proposed transactions under the rules of the SEC. Information about the directors and executive officers of Green Dot and CommerceOne is included in the registration statement. Information regarding Green Dot’s directors and executive officers is also available in Green Dot’s Amendment No. 1 to the Annual Report on Form 10-K for the year ended December 31, 2025 (the "Green Dot 10-K/A"),5 which was filed with the SEC on April 30, 2026, and in other documents subsequently filed by Green Dot with the SEC, which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Any changes in the holdings of Green Dot’s securities by Green Dot’s directors or executive officers from the amounts described in the Green Dot 10-K/A have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or on Statements of Change in Ownership on Form 4 filed with the SEC subsequent to the filing date of the Green Dot 10-K/A and are available at the SEC’s website at www.sec.gov. No Offer or Solicitation This communication relates to the proposed transactions and is for informational purposes only and is not intended to, and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. About Non-GAAP Financial Measures To supplement Green Dot's consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America (GAAP), Green Dot uses measures of operating results that are adjusted for, among other things, non-operating net interest income and expense; other non-interest investment income earned by its bank; income tax benefit and expense; depreciation and amortization, including amortization of acquired intangibles; certain legal settlement gains and charges; stock-based compensation and related employer payroll taxes; changes in the fair value of contingent consideration; transaction costs from acquisitions or divestitures; amortization attributable to deferred financing costs; impairment charges; extraordinary severance expenses; earnings or losses from equity method investments; changes in the fair value of loans held for sale; commissions and certain processing-related costs associated with embedded finance products and services where Green Dot does not control customer acquisition; realized gains and losses on available-for-sale investment securities; restructuring and other charges; other charges and income not reflective of ongoing operating results; and income tax effects. This earnings release includes non-GAAP total operating revenues, adjusted EBITDA, non-GAAP net income, and non-GAAP diluted earnings per share. These non-GAAP financial measures are not calculated or presented in accordance with, and are not alternatives or substitutes for, financial measures prepared in accordance with GAAP, and should be read only in conjunction with Green Dot's financial measures prepared in accordance with GAAP. Green Dot's non-GAAP financial measures may be different from similarly-titled non-GAAP financial measures used by other companies. Green Dot believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. Green Dot's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage and evaluate Green Dot's business and make operating decisions. For additional information regarding Green Dot's use of non-GAAP financial measures and the items excluded by Green Dot from one or more of its historic non-GAAP financial measures, investors are encouraged to review the reconciliations of Green Dot's historic non-GAAP financial measures to the comparable GAAP financial measures, which are attached to this earnings release, and which can be found by clicking on "Financial Information" in the Investor Relations section of Green Dot's website at http://ir.greendot.com/. About Green Dot Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money. Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network ("GDN") of more than 90,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 7,000 businesses and their employees; and Santa Barbara TPG ("SBTPG"), the company’s tax division, which processes on average approximately 13 million tax refunds annually. Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot’s products and services, please visit www.greendot.com. Green Dot's segment reporting is based on how its Chief Operating Decision Maker ("CODM") manages its businesses, including resource allocation and performance assessment. Its CODM (who is the Chief Executive Officer) organizes and manages the businesses primarily on the basis of the channels in which its product and services are offered and uses net revenue and segment profit to assess profitability. Segment profit reflects each segment's net revenue less direct costs, such as sales and marketing expenses, processing expenses, transaction losses and fraud management, and customer support and related expenses. Green Dot’s operations are aggregated amongst three reportable segments: 1) Business to Business ("B2B") Services, 2) Consumer Services and 3) Money Movement Services. The Corporate and Other segment primarily consists of net interest income, certain other investment income earned by Green Dot's bank, interest profit sharing arrangements with certain BaaS partners (a reduction of revenue), eliminations of inter-segment revenues and expenses, and unallocated corporate expenses, which include Green Dot's fixed expenses, such as salaries, wages and related benefits for its employees and certain third-party contractors, professional services fees, software licenses, telephone and communication costs, rent, utilities, and insurance that are not considered when Green Dot's CODM evaluates segment performance. Non-cash expenses such as stock-based compensation, depreciation and amortization of long-lived assets, impairment charges and other non-recurring expenses that are not considered by Green Dot's CODM when it is evaluating overall consolidated financial results are excluded from its unallocated corporate expenses. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511039674/en/ Contacts Investor Relations: [email protected] Media Relations: Alison Lubert SVP, Head of Corporate Communications [email protected]

Corpay (CPAY) came out with quarterly earnings of $5.8 per share, beating the Zacks Consensus Estimate of $5.5 per share. This compares to earnings of $4.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.48%. A quarter ago, it was expected that this provider of fuel card and payment products for businesses would post earnings of $5.95 per share when it actually produced earnings of $6.04, delivering a surprise of +1.51%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Corpay, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.26 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.40%. This compares to year-ago revenues of $1.01 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Corpay shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 7.6%. While Corpay has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Corpay was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.23 on $1.28 billion in revenues for the coming quarter and $26.05 on $5.26 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Green Dot (GDOT), has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11. This bank holding company is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of -17%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Green Dot's revenues are expected to be $597.39 million, up 7.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Corpay, Inc. (CPAY) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

On May 5, 2026, Western Standard disclosed in an SEC filing that it sold 1,232,881 shares of Alphatec Holdings (NASDAQ:ATEC), an estimated $17.95 million trade based on quarterly average pricing. According to an SEC filing dated May 5, 2026, Western Standard reduced its holdings in Alphatec Holdings (NASDAQ:ATEC) by 1,232,881 shares during the first quarter. The estimated value of the shares sold was $17.95 million based on the mean unadjusted close for the quarter. The quarter-end value of the remaining stake reflects a $26.17 million decrease, a figure that includes both share sales and price changes. After this sale, the Alphatec Holdings position accounts for 0.13% of Western Standard's reported U.S. equity assets. Top holdings as of the filing: NYSE:GDOT: $39.79 million (20.9% of AUM) NYSE:CODI: $24.66 million (13.0% of AUM) NYSE:TFX: $22.11 million (11.6% of AUM) NASDAQ:IOSP: $16.56 million (8.7% of AUM) NYSE:OSG: $10.45 million (5.5% of AUM) As of May 4, 2026, Alphatec Holdings shares were priced at $10.33, down 13.8% over one year and underperforming the S&P 500 by 40.54 percentage points. However, shares plunged more than 20% to about $8.12 in after-hours trading on Tuesday following worse-than-expected results. Alphatec offers a portfolio of spinal surgery solutions including neural monitoring systems, minimally invasive access platforms, fixation systems, interbody implants, and biologics The firm generates revenue primarily through the sale of proprietary medical devices and biologics to hospitals and surgical centers, leveraging a direct sales force and independent distributors It serves orthopedic and neurosurgeons specializing in spinal disorders across the United States, with a focus on complex and degenerative spine procedures Alphatec Holdings is a U.S.-based medical technology company specializing in innovative surgical solutions for spinal disorders. The company pursues growth by expanding its differentiated product portfolio and investing in technologies that enhance surgical outcomes and patient safety. Its competitive edge stems from a focus on surgeon-driven innovation and a broad suite of proprietary systems tailored to complex spine procedures. The timing of this disclosure is interesting because it happened not long before Alphatec reported first-quarter results after Tuesday’s market close that very much disappointed investors. Revenue came in at $192 million, up 14% year over year but missing analyst projections by about 4%, with surgical revenue climbing 17% and case volumes up 21%. Meanwhile, margins improved, with adjusted EBITDA hitting $21 million and expanding meaningfully. But the market was clearly looking for more, and the company lowered parts of its full-year outlook, which triggered a more than 20% drop in after-hours trading. So you have a business that is improving, but still not hitting the bar investors set for it, and that gap is where volatility lives. For long-term investors, however, it’s still important to separate execution from expectations. The core story, surgeon adoption and procedural growth, still looks intact, but until the company proves it can consistently beat and raise, the stock might very well be priced around short-term sentiment. Before you buy stock in Alphatec, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphatec wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $490,864!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,216,789!* Now, it’s worth noting Stock Advisor’s total average return is 963% — a market-crushing outperformance compared to 201% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 5, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Teleflex. The Motley Fool has a disclosure policy. This Fund Disclosed Selling $18 Million in Alphatec Last Quarter. The Stock Just Tanked 20% After Earnings was originally published by The Motley Fool