Green Dot Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total operating revenues of $137,302,000 against $119,124,000 a year ago. Operating income was $14,490,000 against $21,708,000 a year ago. Income before income taxes was $15,423,000 against $21,900,000 a year ago. Net income allocated to common stockholders was $8,706,000 or $0.24 per basic and diluted common A and B shares against $13,071,000 or $0.32 per basic and diluted common A and B shares a year ago. Non-GAAP total operating revenue was $138,568,000 against $122,676,000 a year ago. Non-GAAP net income was $13,703,000 or $0.31 per diluted share against $17,410,000 or $0.39 per diluted share for the same period last year. Adjusted EBITDA was $25,014,000 against $31,298,000 for the same period last year.

For the full year, the company reported total operating revenues of $546,285,000 against $466,848,000 a year ago. Operating income was $72,140,000 against $82,870,000 a year ago. Income before income taxes was $76,138,000 against $83,434,000 a year ago. Net income allocated to common stockholders was $39,618,000 or $1.07 per diluted common A and B shares against $51,168,000 or $1.18 per diluted common A and B shares a year ago. Net cash provided by operating activities was $90,013,000 against $94,052,000 for the same period last year. Payments for acquisition of property and equipment were $40,441,000 against $23,076,000 for the same period last year. Non-GAAP total operating revenue was $554,536,000 against $484,185,000 a year ago. Non-GAAP net income was $60,233,000 or $1.37 per diluted share against $68,373,000 or $1.55 per diluted share for the same period last year. Adjusted EBITDA was $111,256,000 against $122,061,000 for the same period last year.

The company provided earnings guidance for the fiscal 2013. The company expects non-GAAP total operating revenues of between $510 million and $540 million for the full year, and adjusted EBITDA of $85 million to $100 million. The company expects adjusted non-GAAP diluted EPS of $0.95 to $1.20 per share, reflecting heavy depreciation expenses from the launch of new products, particularly GoBank.