Company: GDOT
Filing Date: 2025-11-24
Form Type: 425
Source: 0001140361-25-043029
Chunk: 29

Company: GREEN DOT CORP
Filing Date: 2025-11-24
Form: 425
Chunk 29
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(1) ~83% Loans / Assets ~32% C&I Mix C1 C&I 2x Peer Median C1 Earns Premium Risk-Adj. Yields Source: SNL Financial. Note: Peer criteria: US regulated C-Corp depositories with MRQ assets between $750mm - $1.5bn and LTM asset growth over 10% 22 (excludes CommerceOne). (1) CommerceOne Branch opened in October 2025. Green Dot Corporation Appendix Green Dot Corporation Implied Value Per Share Reconciliation Note: (1) Based on transaction exchange ratio of 0.2215x and GDOT fully diluted shares of 57.972mm. 24 ($ in millions except per share values) Tangible Book Value Bottom Quartile P / TBV Multiple of Selected Peers Median P / TBV Multiple of Selected Peers 2Q'26 TBV for Consolidated BankCo At Closing $491 $491 $491 (x) Illustrative P / TBV Multiple Range 1.00x 1.23x 1.81x Implied BankCo Equity Value $491 $604 $889 (x) Green Dot Shareholders Ownership of BankCo (1) 72.2% 72.2% 72.2% Implied Pro Forma Value to Green Dot Shareholders $355 $436 $642 (+) Cash Distributed to Green Dot Shareholders 470 470 470 Implied Value to Green Dot Shareholders $825 $906 $1,112 (/) Green Dot Diluted Shares Outstanding 58.0 58.0 58.0 Total Implied Value Per Share to GDOT Shareholders $14.23 $15.63 $19.18**