BM Technologies

BM Technologies, Inc. is a technology company that provides banking services through its partner banks. It offers a mobile banking platform in the U.S. that provides access to checking and savings accounts, personal loans and credit cards. The company's operating model enables partner banks to provide banking services to low and middle-income Americans who have been left behind by the fee model of traditional banks. The company was founded by Luvleen Sidhu in May 2016 and is headquartered in Wayne, PA.

Earnings data Q1 2021

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BM Technologies posts strong Q1 results, eyes Higher Education growth

BM Technologies delivered a robust performance in Q1 2024, marked by revenue growth, positive core EBITDA, and a focus on Higher Education vertical expansion.
The company's strengths lie in technological innovations, growth strategies, and a debt-free financial position, positioning it well for future growth.
While facing challenges related to market uncertainties and competitive pressures, BM Technologies has opportunities to capitalize on the Higher Education sector's potential and drive further revenue growth.

BM Technologies reports Q2 revenue growth and digital transformation success

BM Technologies exhibited solid revenue growth and digital transformation progress in Q2 2024, despite a core EBITDA loss.
The company's emphasis on technology advancements and customer engagement bodes well for future performance and revenue potential.
Navigating challenges like the BaaS partnership expiration presents opportunities for strategic growth initiatives and market expansion.

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BM Technologies, Inc. is a technology company that provides banking services through its partner banks. It offers a mobile banking platform in the U.S. that provides access to checking and savings accounts, personal loans and credit cards. The company's operating model enables partner banks to provide banking services to low and middle-income Americans who have been left behind by the fee model of traditional banks. The company was founded by Luvleen Sidhu in 2016 and is headquartered in Wayne, PA.

RADNOR, PA / ACCESSWIRE / May 13, 2024 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its first quarter 2024 earnings on Thursday May 16, 2024 at 9:00am ET. The live webcast of the call can be accessed at 1Q24 Earnings Webcastas well as on the company's investor relations website at BMTX IR Website.

BM Technologies to Announce Q1 2024 Earnings and Host Webcast

Full year 2023 Revenue $55.3 Million Transfer of Higher Education Deposits to First Carolina Bank ( " FCB " ) in December Increased Annualized Interchange Fees by 20 Basis Points RADNOR, PA / ACCESSWIRE / April 3, 2024 / BM Technologies, Inc. (NYSE American:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three and twelve months ended December 31, 2023. Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "In December of 2023, we completed the transfer of the Higher Education customer deposits to our new partner bank FCB.

BM Technologies Reports Fourth Quarter & Full Year 2023 Results

This press release corrects the date of the earnings release and call to April 3, 2024 RADNOR, PA / ACCESSWIRE / April 1, 2024 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its fourth quarter and full year 2023 earnings on Wednesday April 3, 2024 at 5:00pm ET. The live webcast of the call can be accessed at 4Q23 Webcast Link as well as on the company's investor relations website at https://ir.bmtxinc.com/events-and-presentations/events-calendar/default.aspx About BM Technologies, Inc. BM Technologies, Inc. (NYSE American:BMTX) - formerly known as BankMobile - is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, and financial wellness.

CORRECTION: BM Technologies to Announce Q4 and Full Year 2023 Earnings and Host Webcast

RADNOR, PA / ACCESSWIRE / April 1, 2024 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its fourth quarter and full year 2023 earnings on Wednesday April 1, 2024 at 5:00pm ET. The live webcast of the call can be accessed at 4Q23 Webcast Link as well as on the company's investor relations website at https://ir.bmtxinc.com/events-and-presentations/events-calendar/default.aspx About BM Technologies, Inc. BM Technologies, Inc. (NYSE American:BMTX) - formerly known as BankMobile - is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, and financial wellness.

BM Technologies to Announce Q4 and Full Year 2023 Earnings and Host Webcast

Ajay Asija will assume the role on April 1, 2024 RADNOR, PA / ACCESSWIRE / February 7, 2024 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today announced the appointment of Ajay Asija as Chief Financial Officer, effective April 1, 2024. Mr. Asija will succeed James (Jim) Dullinger, who has held the role since January 2023 and will remain with the company until March 31, 2024.

BM Technologies (BMTX) Announces CFO Transition, Welcoming Ajay Asija to the Leadership Team

BMTX Commends Colleges and Universities that Achieve Campus Efficiency (ACE), Security, and Student Service RADNOR, PA / ACCESSWIRE / January 25, 2024 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today announced 189 institutions as recipients of its seventh annual ACE Award. The award recognizes BankMobile Disbursements partner colleges and universities that Achieve Campus Efficiency (ACE).

BM Technologies (BMTX) Champions Campus Excellence and Announces 2023 ACE Award and Partnership Winners

BM Technologies, Inc. (NYSE:BMTX ) Q3 2023 Earnings Conference Call November 20, 2023 5:00 PM ET Company Participants Brian Prenoveau - IR Luvleen Sidhu - CEO Jim Dullinger - CFO Conference Call Participants Greg Pendy - Chardan Mike Grondahl - Northland Securities Bill Dezellem - Tieton Capital Management Operator Good afternoon, everyone, and welcome to the BM Technologies Third Quarter 2023 Earnings Call. Please note that this event is being recorded.

BM Technologies, Inc. (BMTX) Q3 2023 Earnings Call Transcript

Year-to-Date 2023 Revenue $41.2 Million Transfer of Higher Education Deposits to First Carolina Bank ("FCB") in December Expected to Result in Increased Revenue RADNOR, PA / ACCESSWIRE / November 20, 2023 / BM Technologies, Inc. (NYSE American:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three and nine months ended September 30, 2023. Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "We have begun the process of transferring customer deposits in our Higher Education vertical to our new partner bank, FCB, which is a Durbin-exempt bank.

BM Technologies Reports Third Quarter & Year-to-Date 2023 Results

RADNOR, PA / ACCESSWIRE / November 14, 2023 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its third quarter 2023 earnings on Monday November 20, 2023 at 5:00pm ET. The live webcast of the call can be accessed at 3Q23 Webcast Link well as on the company's investor relations website at https://ir.bmtxinc.com/events-and-presentations/events-calendar/default.aspx About BM Technologies, Inc. BM Technologies, Inc. (NYSE American: BMTX) - formerly known as BankMobile - is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, and financial wellness.

BM Technologies to Announce Q3 2023 Earnings and Host Webcast

Rachel Labi, Co-Founder of Building Financial Freedom (B.F.F), Recognized for Empowering Youth and Young Adults Worldwide with Financial Literacy RADNOR, PA / ACCESSWIRE / October 31, 2023 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today announced that it selected Purdue University student, Rachel Labi as the recipient of its eighth Annual Financial Empowerment Scholarship out of over 700 applicants. BMTX has an Annual Financial Empowerment Scholarship provided by the BankMobile Foundation.

BM Technologies Announces Purdue University Student as Recipient of 2023 BMTX Annual Financial Empowerment Scholarship Provided by the BankMobile Foundation

BM Technologies is a fintech company that facilitates deposits and banking services between customers and partner banks. BMTX has immediate catalysts that will drive earnings power. Cash and other assets provide an excellent margin of safety.

BM Technologies: Deep Value Turnaround

BM Technologies, Inc. (NYSE:BMTX ) Q2 2023 Earnings Conference Call August 22, 2023 5:00 PM ET Company Participants Brian Prenoveau - Investor Relations Luvleen Sidhu - Chief Executive Officer Jim Dullinger - Chief Financial Officer Raj Singh - Co-Chief Executive Officer Conference Call Participants Mike Grondahl - Northland Securities Greg Pendy - Chardan Bill Dezellem - Tieton Capital Operator Good afternoon, everyone, and welcome to the BM Technologies Second Quarter 2023 Earnings Call. Please note that this event is being recorded.

BM Technologies, Inc. (BMTX) Q2 2023 Earnings Call Transcript

RADNOR, PA / ACCESSWIRE / August 22, 2023 / BM Technologies, Inc. (NYSE American:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three and six months ended June 30, 2023. Luvleen Sidhu, BMTX's Chair, CEO and Founder, stated, "We are pleased to have entered into an amendment of the Deposit Servicing Agreement with FCB that will allow us to initiate the process of transferring our Higher Education deposits from Customers Bank to FCB with targeted completion no later than the end of 2023.

BM Technologies Reports Second Quarter & First Half 2023 Results

BM Technologies, Inc. (BMTX) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.15 per share a year ago.

BM Technologies, Inc. (BMTX) Reports Q2 Loss, Misses Revenue Estimates

RADNOR, PA / ACCESSWIRE / August 14, 2023 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its second quarter 2023 earnings on Tuesday August 22, 2023 at 5:00pm ET. The live webcast of the call can be accessed at 2Q23 Webcast Link well as on the company's investor relations website at https://ir.bmtxinc.com/events-and-presentations/events-calendar/default.aspx About BM Technologies, Inc. BM Technologies, Inc. (NYSE American:BMTX) - formerly known as BankMobile - is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, and financial wellness.

BM Technologies to Announce Q2 2023 Earnings and Host Webcast

BM Technologies, Inc. (BMTX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

BM Technologies, Inc. (BMTX) Upgraded to Strong Buy: What Does It Mean for the Stock?

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RADNOR, PA / ACCESSWIRE / July 20, 2023 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, is thrilled to announce the appointment of a distinguished marketing industry veteran, Michael Pavone, as the newest member of its Board of Directors. With an award-winning track record and 30 years of experience in the digital marketing space, Pavone brings a wealth of knowledge and a fresh perspective to the BMTX organization.

BM Technologies, Inc. (BMTX) Announces Renowned Digital Marketing Expert Michael Pavone as New Board Member

- Opportunistic technology acquisition enhances BMTX's features and capabilities - RADNOR, PA / ACCESSWIRE / June 20, 2023 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced it has entered into a definitive asset purchase agreement to acquire Envel, Inc.'s software technology. Envel is one of the first digital banking platforms to use AI to automate elements of people's financial lives such as budgeting, savings, and investments.

BM Technologies (NYSE: BMTX) Announces Acquisition of Envel, Inc.'s Software Technology

Luvleen Sidhu, Chair CEO, and Founder of BM Technologies (BMTX), Also Highly Commended for Fintech Futures Women in Technology Software & Services Provider Leadership Award RADNOR, PA / ACCESSWIRE / June 8, 2023 / BM Technologies, Inc.(NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, was selected as a winner of Tearsheet's 2023 Big Bank Theory Award for Best Banking-as-a-Service Platform. BMTX was also named a winner in the FinTech Futures Banking Tech Awards USA for Excellence in Tech, Best Embedded Finance System-as-a-Service.

BM Technologies (NYSE:BMTX) Wins Tearsheet's Big Bank Theory Award for Best Banking-as-a-Service Platform and FinTech Futures Banking Tech Awards USA for Excellence in Tech for Best Embedded Finance System—as-a-Service

BM Technologies, Inc. (NYSE:BMTX ) Q1 2023 Earnings Conference Call May 22, 2023 5:00 PM ET Company Participants Brian Prenoveau - IR Luvleen Sidhu - CEO Jim Dullinger - CFO Raj Singh - Co-CEO Conference Call Participants Brian Dobson - Chardan Capital Markets Mike Grondahl - Northland Securities Bill Dezellem - Tieton Capital Operator Good afternoon, everyone, and welcome to the BM Technologies First Quarter 2023 Earnings Call. Please note that this event is being recorded.

BM Technologies, Inc. (BMTX) Q1 2023 Earnings Call Transcript

BM Technologies, Inc. (BMTX) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to earnings of $0.13 per share a year ago.

BM Technologies, Inc. (BMTX) Reports Q1 Loss, Misses Revenue Estimates

Q1 2023 Revenue $13.5 million  Continued Progress on Profit Enhancement Plan ("PEP")  Reiterates 2023 Financial Outlook RADNOR, Pa. , May 22, 2023 /PRNewswire/ -- BM Technologies, Inc. (NYSE American: BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and banking-as-a-service ("BaaS") providers in the country, today reported results for the first quarter ended March 31, 2023.

BM Technologies Announces First Quarter 2023 Results

Sidhu Joins Industry Leaders to also speak in Panel Discussion at Fintech Nexus USA about Changing the Embedded Finance Innovation Roadmap RADNOR, Pa. , May 10, 2023 /PRNewswire/ -- BM Technologies, Inc. (NYSE American: BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced that Luvleen Sidhu, Chair, CEO, and Founder, has been recognized as the Fintech Nexus 2023 "Executive of the Year.

Luvleen Sidhu, Chair, CEO, and Founder of BM Technologies (NYSE: BMTX), Named Winner of Fintech Nexus 2023 "Executive of the Year" Award

RADNOR, PA / ACCESSWIRE / May 10, 2023 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, will host a live webcast to discuss its first quarter 2023 earnings on Monday, May 22, 2023 at 5:00 PM ET. The live webcast of the call can be accessed at 1Q23 Webcast Link as well as on the company's investor relations website at https://ir.bmtxinc.com/events-and-presentations/events-calendar/default.aspx About BM Technologies, Inc. BM Technologies, Inc. (NYSE American:BMTX) - formerly known as BankMobile - is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness.

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