This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NetSpend Holdings, Inc. Reports Fourth Quarter Financial Results

NetSpend Holdings, Inc. (NASDAQ:NTSP), a leading provider of general-purpose reloadable prepaid debit cards and related financial services, today announced financial results for the fourth quarter and year ended December 31, 2012.

“We ended the fourth quarter hitting all of our targets and delivered strong financial results for 2012,” said Dan Henry, chief executive officer of NetSpend. “We had a banner year in terms of signing up new partners, executing our retail expansion efforts and growing our business in every channel. From the momentum we created last year, we expect a continued fast pace of growth in all areas of our business.”

Full Year 2012 Highlights:

  • Revenues up 15% to $351.3 million 2012 as compared to $306.3 million in 2011
  • Adjusted earnings per share up 23% to $0.58 as compared to $0.47 in 2011
  • Number of active cards with direct deposit up 25% to 1,082,000 as of December 31, 2012 as compared to 865,000 as of December 31, 2011
  • Percentage of active cards 1 with direct deposit was approximately 46% as of December 31, 2012 as compared to approximately 42% as of December 31, 2011
  • Gross Dollar Volume (GDV), also known in the industry as purchase volume, of $13.2 billion as compared to $11.2 billion as of December 31, 2011

Q4 2012 Highlights:

  • Revenues up 17% to $89.7 million in Q4 2012 as compared to $76.8 million in Q4 2011
  • GAAP net income up 5% to $10.1 million in Q4 2012 as compared to $9.6 million in Q4 2011
  • Diluted Earnings Per Share up 18% in Q4 2012 to $0.13 as compared to $0.11 in Q4 2011
  • Adjusted EBITDA 2 up 3% in Q4 2012 to $23.9 million as compared to $23.2 million in Q4 2011
  • Adjusted Diluted Net Income Per Share 2 up 15% in Q4 2012 to $0.15 as compared to $0.13 in Q4 2011
  • GDV, also known in the industry as purchase volume, of $3.3 billion during Q4 2012 as compared to $2.8 billion during Q4 2011

Our Annual Report on Form 10-K for the year ended December 31, 2012 will contain a further description of our key business metrics.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs