and bank holding company Green Dot reported second quarter earnings per share and revenue that were better than expectations, overcoming from the Federal Reserve.

Non-GAAP earnings per share (EPS) came in at $0.25 for the quarter ended June 30, down from $0.37 in the same reporting period last year, according to the bank's earnings supplement. Wall Street analysts expected EPS to come in at $0.23. Revenue clocked in at $407.1 million, an 11.3% year-over-year increase and 5.5% more than Wall Street's $385.9 million average revenue estimate.

The quarterly results come on the heels of a with the Federal Reserve in July for alleged unfair and deceptive practices. The Austin-based fintech said in February that it following the consent order from the Fed. Multiple regulators have been cracking down on this year.

Green Dot reported total assets of $5.5 billion, up 14.6% YoY, according to the earnings supplement. Green Dot offers consumer and business accounts such as debit, checking, credit, prepaid and payroll cards, money processing services, tax refunds, cash deposits and disbursements, with a particular focus on serving underbanked communities. It also has a banking-as-a-service business.