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OFFON

GREEN DOT CORPORATION

(GDOT)
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Lack of Fed Approval Scuttles Green Dot Buy of Republic Unit

10/05/2021 | 04:40am EST

By Colin Kellaher

Green Dot Corp. on Tuesday said it is dropping plans to buy the tax-refund solutions segment of Republic Bancorp Inc.'s Republic Bank & Trust Co. unit after the Federal Reserve didn't sign off on the deal.

In a brief filing with the U.S. Securities and Exchange Commission, Green Dot said that it has been unable to obtain the Fed's approval of or nonobjection to the transaction, and that the deal won't go through.

The Pasadena, Calif., financial-technology and registered bank holding company had previously said it expected to complete the $165 million cash transaction in the fourth quarter.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

10-05-21 0640ET

Stocks mentioned in the article
ChangeLast1st jan.
GREEN DOT CORPORATION -0.81% 34.46 Delayed Quote.-37.74%
REPUBLIC BANCORP, INC. -1.40% 52.3 Delayed Quote.45.00%
All news about GREEN DOT CORPORATION
11/08GREEN DOT CORP Management's Discussion and Analysis of Financial Condition and Results..
AQ
11/04GREEN DOT : Q3 Earnings Snapshot
AQ
11/04Green Dot Reports Third Quarter 2021 Results - Form 8-K
PU
11/04GREEN DOT CORP : Results of Operations and Financial Condition (form 8-K)
AQ
11/04Green Dot Corporation Updates Earnings Guidance for the Full Year of 2021
CI
11/04Earnings Flash (GDOT) GREEN DOT CORPORATION Posts Q3 Revenue $339.5M, vs. Street Est of..
MT
11/04Earnings Flash (GDOT) GREEN DOT CORPORATION Posts Q3 EPS $0.43, vs. Street Est of $0.36
MT
11/04Green Dot Reports Third Quarter 2021 Results
BU
11/04Green Dot Corporation Reports Earnings Results for the Third Quarter and Nine Months En..
CI
10/26Green Dot Names George Gresham Chief Finance and Operating Officer - Form 8-K
PU
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Analyst Recommendations on GREEN DOT CORPORATION
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Financials (USD)
Sales 2021 1 375 M - -
Net income 2021 59,7 M - -
Net Debt 2021 - - -
P/E ratio 2021 32,0x
Yield 2021 -
Capitalization 1 884 M 1 884 M -
Capi. / Sales 2021 1,37x
Capi. / Sales 2022 1,31x
Nbr of Employees 1 200
Free-Float 98,6%
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Technical analysis trends GREEN DOT CORPORATION
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 34,46 $
Average target price 57,80 $
Spread / Average Target 67,7%
EPS Revisions
Managers and Directors
Daniel R. Henry President, Chief Executive Officer & Director
George W. Gresham Director, Chief Operating & Financial Officer
William I. Jacobs Chairman
Gyorgy Tomso Chief Technology Officer
Michael Althouse Chief Compliance Officer
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