-
Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
October 28
Green Dot Corp.'s revenue rose 36% year over year in the third quarter from a sharp increase in the number of its prepaid cards that were activated.
The Monrovia, Calif., prepaid card company on Wednesday said its revenue for the quarter ended Sept. 30 was $88.9 million.
The performance was helped by improvement in several key business metrics, including a 36% increase in the number of general purpose reloadable debit cards that were activated in the quarter, which was 1.5 million.
Additionally, the number of cash transfers made with a card rose 53% to 6.9 million and the gross dollar volume that was loaded onto its cards grew 69% to $2.5 billion.
However, its net income fell 14% from a year ago to $9 million, partly due to higher interest expense.
Earnings were 20 cents per diluted share, down from 22 cents from diluted share a year ago.
