Green Dot Corp-A 2026年季度报告

FORM 10-Q (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 1675 N. Freedom Blvd (200 West) Building 1Provo,Utah84604(Address of principal executive offices, including zip code) (626)765-2000(Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No There were 56,680,265 shares of ClassA common stock outstanding, par value $0.001 per share as of April 30, 2026. GREEN DOT CORPORATIONTABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item 1.Financial Statements1Consolidated Balance Sheets – March 31, 2026 and December 31, 20251Consolidated Statements of Operations – Three Months Ended March 31, 2026 and 20252Consolidated Statements of Comprehensive Income – Three Months Ended March 31, 2026 and20253Consolidated Statements of Changes in Stockholders' Equity – Three Months Ended March 31,2026 and 20254Consolidated Statements of Cash Flows – Three Months Ended March 31, 2026 and 20255Notes to Consolidated Financial Statements6Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations26Item 3.Quantitative and Qualitative Disclosures about Market Risk43Item 4.Controls and Procedures44 PART II – OTHER INFORMATION Item 1.Legal Proceedings45Item 1A.Risk Factors45Item 2.Unregistered Sales of Equity Securities and Use of Proceeds61Item 5.Other Information61Item 6.Exhibits62Signature63 GREEN DOT CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) GREEN DOT CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(UNAUDITED) Three Months Ended March 31,20262025(In thousands)Net income$53,753$25,773Other comprehensive incomeUnrealized holding (losses) income, net of tax(3,937)29,321Reclassification of losses realized in net income, net of tax—18,392Comprehensive income$49,816$73,486 GREEN DOT CORPORATIONCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY(UNAUDITED) GREEN DOT CORPORATIONCONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) GREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) Note 1—Organization Green Dot Corporation (“we,” “our,” or “us” refer to Green Dot Corporation and its consolidated subsidiaries) is a financialtechnology platform and registered bank holding company that builds banking and payment solutions to create value, retainand reward customers, and accelerate growth for businesses of all sizes. For more than two decades, we have deliveredfinancial tools and services that address the most pressing financial needs of consumers and businesses, and that transformthe way people and businesses manage and move money. Through Green Dot Bank, our wholly owned subsidiary, we delivera broad spectrum of financial products to consumers and businesses through our portfolio of brands, including debit,checking, credit, prepaid, and payroll cards, as well as robust money processing services, such as tax refunds, cash depositsand disbursements. We were incorporated in Delaware in 1999 and became a bank holding company under the Bank Holding Company Actand Green Dot Bank became a member bank of the Federal Reserve System in December 2011. Proposed Transactions with CommerceOne Financial Corporation and Smith Ventures, LLC In connection with a strategic review process we commenced in March 2025 (our “strategic review process”), onNovember 23, 2025, we entered into an Agreement and Plan of Merger (the “Merger Agreement”), with CommerceOneFinancial Corporation, an Alabama corporation (“CommerceOne”), Compas