Green Dot Corporation (NYSE:GDOT) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET

Company Participants

Tim Willi - Senior Vice President, Finance
George Gresham - Chief Executive Officer
Jess Unruh - Chief Financial Officer

Conference Call Participants

Tim Switzer - KBW
Cris Kennedy - William Blair

Operator

Hello, and welcome to the Green Dot Corp First Quarter 2024 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.

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

Tim Willi

Thank you, and good afternoon, everyone. Today, we are discussing the Green Dot's first quarter 2024 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 for 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 first quarter earnings call.

I'd like to start by making some brief comments on our progress during the quarter before turning it over to Jeff for a more detailed financial discussion. I will then make some closing comments, and we will open it up for your questions.

First, there are no material developments to report since our fourth quarter earnings release regarding the proposed consent order received from the Federal Reserve Board. As we have previously disclosed, the matters addressed in the proposed consent order relates to activities and practices that commenced prior to the company's CEO transition in 2020. As I have mentioned many times, as an organization, risk management and compliance remain a top priority and we continue making significant investments in our control functions to ensure that our business activities are performed in a safe and sound manner and in compliance with all applicable laws and regulations. We strive to be recognized as an industry leader in risk management and compliance, which in time, I believe, will be a competitive advantage.