Green Dot Corporation (NYSE:GDOT) Q4 2023 Results Conference Call February 27, 2024 5:00 PM ET

Company Participants

Tim Willi - Senior Vice President of Finance

George Gresham - Chief Executive Officer and President

Jess Unruh - Chief Financial Officer

Conference Call Participants

Tim Switzer - KBW

James Rush - Craig-Hallum

Operator

Good day, and welcome to the Green Dot Corp Fourth Quarter 2023 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.

I'd now like to turn the conference over to Mr. Tim Willi, Senior Vice President, Finance. Please go ahead, sir.

Tim Willi

Thank you, and good afternoon, everyone. Today, we are discussing Green Dot's fourth quarter 2023 financial and operating results. Following our remarks, we'll open the call for your questions. Our most recent earnings release that accompanies this call and webcast can be found at ir.greendot.com. As a reminder, our comments may include forward-looking statements and expectations regarding future results and performance.

Please refer to the cautionary language in the earnings release and in Green Dot's filings with the Securities and Exchange Commission, including our most recent Form 10-K and 10-Q. Or additional information concerning factors that could cause actual results to differ materially from the forward-looking statements.

During the call, we will refer to our financial measures that do not conform with generally accepted accounting principles. For the sake of clarity, unless otherwise noted, all numbers we talk about today will be on a non-GAAP basis.

Information may be calculated differently than similar non-GAAP data presented by other companies. Quantitative reconciliation of our non-GAAP financial information to the directly comparable GAAP financial information appears in today's press release. The content of this call is property of the Green Dot Corporation and is subject to copyright protection.

Now I'd like to turn the call over to George.

George Gresham

Good afternoon, and thank you for joining our call. I will make some brief comments regarding the proposed consent order we disclosed in our earnings release and my thoughts on 2023 before handing it over to Jess, who will walk through our fourth quarter results and provide our guidance for 2024. I will then spend some time discussing our business and strategy. We have a lot to cover, so let's get started.

You will have noted we are in receipt for proposed consent order from our primary federal regulator, the Federal Reserve. This proposed order relates to matters arising as long ago as 2017 under management in place at that time. And we are very pleased to soon bring these matters to conclusion. I will make some additional comments on this topic in a few minutes. 2023 was a challenging year, but not without its accomplishments.