BMTX - Earnings announcements

First Half 2024 Revenue of $28.7 Million, Up 10% YoYQ2 2024 Interchange and Card Revenue Increased 57% YoYGrowth Initiatives Launched with Cash Back Rewards Engine & 15 Identity Verification (IDV) Product Sales YTD RADNOR, PA / ACCESSWIRE / August 14, 2024 / BM Technologies, Inc. (NYSE: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, 2024.Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "This quarter we have made strong progress towards our strategy of digital transformation and setting the stage for growth i

Revenues and EBITDA Reflect Significant Improvement Year over YearQ1 2024 Revenue of $16.2 Million, Net Income of $0.7 MillionQ1 2024 Core EBITDA of $1.4 Million RADNOR, PA / ACCESSWIRE / May 15, 2024 / BM Technologies, Inc. (NYSE: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 months ended March 31, 2024.Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "The first quarter of 2024 marked an important turning point in our company's evolution. The hard work of 2023 has begun to pay off as we posted positive net income of $0.7 million and Co

Full year 2023 Revenue $55.3 MillionTransfer of Higher Education Deposits to First Carolina Bank ("FCB") in December Increased Annualized Interchange Fees by 20 Basis PointsRADNOR, PA / ACCESSWIRE / April 3, 2024 / BM Technologies, Inc. (NYSE: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. Effective with the transfer, we are earnin

Year-to-Date 2023 Revenue $41.2 MillionTransfer of Higher Education Deposits to First Carolina Bank ("FCB") in December Expected to Result in Increased RevenueRADNOR, PA / ACCESSWIRE / November 20, 2023 / BM Technologies, Inc. (NYSE: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. Deposit holder no

RADNOR, PA / ACCESSWIRE / August 22, 2023 / BM Technologies, Inc. (NYSE: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. Had a Durbin-exempt bank partnership been in place during the second quart

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: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. "Q1 2023 tracked very closely to our expectations," said Luvleen Sidhu, BMTX's Chair, CEO, and Founder. "First quarter results were temporarily negatively impacted by the loss of Durbin-exempt interchange until we transition our Higher Education business to a new sponsor bank. Our

Full Year 2022 Revenue $83.6 million; Net Loss $0.8 million, Core EBITDA1 $14.5 millionNew Bank Partnership with First Carolina Bank ("FCB") for Higher Education BusinessNew Two Year Servicing Agreement for Existing and Largest BaaS PartnershipProfit Enhancement Plan ("PEP") with $15 million of Targeted 2023 Cost SavingsRADNOR, PA / ACCESSWIRE / March 27, 2023 / BM Technologies, Inc. (NYSE: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, 2022."We begin 2023 with a new bank partnership with FCB for our High

Raj Singh, a Veteran Financial Services Executive, Named as Co-CEOJamie Donahue Promoted to President and Jim Dullinger Promoted to Chief Financial OfficerRADNOR, PA / ACCESSWIRE / March 27, 2023 / BM Technologies, Inc. (NYSE:BMTX) ("BM Technologies," "BMTX," "we," or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced today the appointment of Raj Singh as Co-CEO."The Board of Directors and I are delighted to welcome Raj as my partner and Co-CEO as we position BMTX for our next phase of growth," said Luvleen Sidhu, Chair, CEO, and Founder of BMTX. Sidhu continued, "Raj has been a valued partner for nearly three years, advising us

Two Year Extension of Existing and Largest BaaS PartnershipNew Bank Partnership with First Carolina Bank for Higher Education BusinessNew Agreement with Customers Bank for Existing and Largest BaaS PartnershipRADNOR, PA / ACCESSWIRE / March 22, 2023 / BM Technologies, Inc. (NYSE:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today announced that the Company has executed a new Deposit Processing Services Agreement (DPSA) with First Carolina Bank for the Higher Education business and a new DPSA with Customers Bank for our existing and largest BaaS partnership deposits. Both bank partnership agreements include variable rate servicing fees which wi

RADNOR, PA / ACCESSWIRE / February 23, 2023 / BM Technologies, Inc. (NYSE: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, announced today that it will release its financial results for the fourth quarter and fiscal year ending December 31, 2022, after the market closes on Monday, March 27, 2023. BMTX management will discuss these results and other information regarding the Company during a conference call and audio webcast on Monday, March 27, 2023 at 5:00 p.m. ET.The audio webcast can be accessed at Q4 Webcast Link well as on the Company's investor relations website at https://i

RADNOR, Pa., May 16, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today reported preliminary first quarter results for the three months ended March 31, 2022. The company expects to report EBITDA[1] in excess of $8 million for the quarter, which exceeds the consensus estimate, and strong revenues of approximately $25 million.  The Company recently executed a term sheet with a significant new BaaS partner and expects to finalize a contract over the next approximately 90 days and provide details over the next few quarters. PRELIMINARY FIRST QUARTER FINANCIAL AND BUSINESS