Green Dot Co.

Green Dot is selling its fintech business to Smith Ventures for $690 million and divesting Green Dot Bank to CommerceOne, which will create a new publicly listed banking holding company. Shareholders will receive $8.11 in cash per share plus 0.2215 shares of the new bank holding company; the implied value is estimated at $14.23–$19.18 per share. Of the $690 million, $470 million will flow directly to shareholders, $155 million will be injected as regulatory capital into the bank and $65 million will be used to pay down debt. The separated companies will remain closely linked for seven years; closing is expected in Q2 2026, subject to shareholder and regulatory approvals. » More on de.investing.com

Green Dot reported Q3 2025 EPS of $0.06 versus a forecast of -$0.07 and revenue of $494.83 million (+21% year over year), beating expectations. Adjusted EBITDA fell 17% year over year, yet the company raised its full-year adjusted EBITDA guidance to $165–175 million and expects revenue of $2.0–2.1 billion. The stock rose 2.25% in after-hours trading, and management highlights growth potential in the embedded finance business and operational improvements from Project 30. » More on de.investing.com

Green Dot integrates Stripe into its embedded-finance network, enabling Stripe Treasury users to make cash deposits nationwide at more than 90,000 retail locations such as Walmart, Walgreens and CVS. The target group is households that prefer cash, particularly lower-income and older customers; the Green Dot Network reaches 96% of the U.S. population within a three-mile radius. Green Dot also reported Q2 figures above expectations and announced a withdrawal from its operational business in China by the end of 2025, which will generate savings but also one-time costs. » More on de.investing.com