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.

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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.

BM Technologies, Inc. (BMTX) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.34 per share a year ago.

BM Technologies, Inc. (BMTX) Reports Q3 Loss, Tops Revenue Estimates

Year-to-Date 2024 Revenue of $42.8 Million, Up 6% YoY BM Technologies to be Acquired by First Carolina Bank for $5 per share in cash RADNOR, PA / ACCESSWIRE / November 14, 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 nine months ended September 30, 2024. On October 25, 2024, BM Technologies entered into a definitive agreement to be acquired by First Carolina Bank ("FCB" or "First Carolina") pursuant to which First Carolina will purchase all outstanding BMTX shares of common stock for $5.00 per share in an all-cash transaction with an equity value of approximately $67 million.

BM Technologies Reports Third Quarter & Year-to-Date 2024 Results

Honored for Delivering Cutting-Edge Solutions-BankMobile Disbursements and BankMobile Vibe-That Address Key Challenges in Higher Education for Schools and Students RADNOR, PA / ACCESSWIRE / November 6, 2024 / BM Technologies, Inc. (NYSE American:BMTX) proudly announces its Tech & Learning Award of Excellence: Back-to-School 2024 win in the higher education category for its innovative products, BankMobile Disbursements and BankMobile Vibe. The Tech & Learning Awards celebrate products designed to address critical needs in the education sector, offering schools versatile, valuable solutions to specific challenges and significantly enhance teaching and learning outcomes.

BM Technologies (BMTX) Wins Tech & Learning Award of Excellence for Back-to-School 2024

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating BM Technologies, Inc. (NYSE: BMTX ), relating to a proposed merger with First Carolina Bank. Under the terms of the agreement, BM Technologies stockholders will receive $5.00 per share in cash per share of BM Technologies common stock.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of BM Technologies, Inc. – BMTX

NEW YORK , Nov. 3, 2024 /PRNewswire/ --  Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating BM Technologies, Inc. (NYSE: BMTX ), relating to a proposed merger with First Carolina Bank.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of BM Technologies, Inc. - BMTX

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of BM Technologies, Inc. (NYSE: BMTX) to First Carolina Bank. Under the terms of the proposed transaction, shareholders of BM will receive $5.00 in cash for each share of BM that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the considerat.

BM TECHNOLOGIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of BM Technologies, Inc. - BMTX

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of BM Technologies, Inc. (NYSE American: BMTX) to First Carolina Bank for $5.00 per share in cash is fair to BMTX shareholders. Halper Sadeh encourages BMTX shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether BMTX and.

BMTX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of BM Technologies, Inc. Is Fair to Shareholders

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating BM Technologies (NYSE American: BMTX) for possible breaches of fiduciary duty and other violations of law in its transaction with First Carolina Bank. Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of BM Technologies will receive $5.00 per share in an all-cash transaction with an equity value of approximately $67 million.

Shareholder Alert: Ademi LLP Investigates Whether BM Technologies, Inc. Is Obtaining a Fair Price for Its Public Shareholders

BM Technologies Stockholders to Receive $5.00 Per Share in Cash, Representing 55% Premium to Market RADNOR, PA / ACCESSWIRE / October 25, 2024 / BM Technologies, Inc. (NYSE American:BMTX) ("the Company" or "BMTX"), one of the largest digital banking platforms, today announced it has entered into a definitive agreement to be acquired by First Carolina Bank ("FCB" or "First Carolina") pursuant to which First Carolina will purchase all outstanding BMTX shares of common stock for $5.00 per share in an all-cash transaction with an equity value of approximately $67 million. Under the terms of the agreement, BM Technologies stockholders will receive $5.00 per share in cash, which represents a 55% premium to the trading price per share of BM Technologies common stock as of October 24, 2024 and a 90% premium to market as of August 14, 2024, the day before BM Technologies disclosed that it had received inbound interest.

BM Technologies to be Acquired by First Carolina Bank for $67 Million

Safeguarding Student Enrollment and Upholding Higher Education Institution Integrity with BMTX Identity Verification™ (IDV) RADNOR, PA / ACCESSWIRE / October 16, 2024 / BM Technologies, Inc. (NYSE American:BMTX) is excited to announce the launch of its innovative student identity verification service, BMTX Identity Verification™ (IDV), designed to combat the growing issue of student enrollment fraud in higher education institutions. With the cost of acquiring new undergraduate students increasing by up to 32% from 2020 to 2022 alone,1 the need for robust enrollment fraud prevention measures has never been more critical.

BM Technologies (BMTX) Unveils Advanced Identity Verification Service for Colleges and Universities

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Donahue to Discuss Breakthroughs in FinTech Innovation with Industry Leaders RADNOR, PA / ACCESSWIRE / September 10, 2024 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, is pleased to announce that Jamie Donahue, President and CTO of BMTX will speak at two prominent fintech and financial services innovation conferences in September, including the following. Finovate Fall 2024 - September 11, 2024, New York, NY Finovate is an industry-leading FinTech conference by and for executives and thought leaders who are revolutionizing the financial services industry.

Jamie Donahue, President and CTO of BM Technologies (BMTX), to Speak at Finovate Fall and MoneyLIVE North America

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BM Technologies, Inc. (NYSE:BMTX ) Q2 2024 Results Conference Call August 15, 2024 9:00 AM ET Company Participants Brian Prenoveau - Investor Relations Luvleen Sidhu - Co-Founder, Chairman and Chief Executive Officer Ajay Asija - Chief Financial Officer James Donahue - President and Chief Technology Officer Conference Call Participants Michael Grondahl - Northland Securities William Dezellem - Tieton Capital Operator Good morning, everyone, and welcome to the BM Technologies Second Quarter 2024 Earnings Call. Please note that this event is being recorded.

BM Technologies, Inc. (BMTX) Q2 2024 Earnings Call Transcript

BM Technologies, Inc. (BMTX) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.35 per share a year ago.

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

First Half 2024 Revenue of $28.7 Million, Up 10% YoY Q2 2024 Interchange and Card Revenue Increased 57% YoY Growth Initiatives Launched with Cash Back Rewards Engine & 15 Identity Verification (IDV) Product Sales YTD RADNOR, PA / ACCESSWIRE / August 14, 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 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 in our higher education business going forward.

BM Technologies Reports Second Quarter & First Half 2024 Results

Recognized for Outstanding Achievements in Advancing Technology Solutions within the EdTech Sector, with a Focus on Enhancing the Higher Education Landscape for Both Schools and Students RADNOR, PA / ACCESSWIRE / August 13, 2024 / BM Technologies, Inc. (NYSE American:BMTX) has been named the 2024 "EdTech Company of the Year" Gold Stevie® Award winner. This accolade was awarded in the Educational Technology Company of the Year category of the first annual Stevie Awards for Technology Excellence, "the Olympics for technology.

BM Technologies (BMTX) Wins Gold for "EdTech Company of the Year" in 2024 STEVIE(R) Awards

RADNOR, PA / ACCESSWIRE / August 12, 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 second quarter 2024 earnings on August 15, 2024 at 9:00am ET. The live webcast of the call can be accessed at 2Q24 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 Q2 2024 Earnings and Host Webcast

BMTX Enhances Customer Banking Experience with Rewards-as-a-Service API, Providing Seamless Cash Back Opportunities, Unlimited Offers, and Access to Over 50,000 Top Merchant Locations Nationwide RADNOR, PA / ACCESSWIRE / July 29, 2024 / 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 launch of a rewards engine to its BankMobile Vibe Checking Account. Powered by Kard, the first rewards-as-a-service API, this innovative rewards engine aims to financially empower customers while driving loyalty among customers, giving them the opportunity to earn cash back1 on debit card purchases from national, online, and local locations.

Endless Earning, Unlocked: BM Technologies (BMTX) Introduces Cash Back Offers for BankMobile Vibe in Collaboration with Kard

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BM Technologies, Inc. (BMTX) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BMTX's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

BM Technologies, Inc. (BMTX) Just Flashed Golden Cross Signal: Do You Buy?

BM Technologies, Inc. (NYSE:BMTX ) Q1 2024 Earnings Conference Call May 16, 2024 9:00 AM ET Company Participants Brian Prenoveau - IR Luvleen Sidhu - CEO Ajay Asija - CFO Jamie Donahue - President and Chief Technology Officer Conference Call Participants Greg Pendy - Chardan Mike Grondahl - Northland Securities Bill DeZellem - Titan Capital Operator Good morning everyone, and welcome to the BM Technologies First Quarter and 2024 Earnings Call. Please note that this event is being recorded.

BM Technologies, Inc. (BMTX) Q1 2024 Earnings Call Transcript

Revenues and EBITDA Reflect Significant Improvement Year over Year Q1 2024 Revenue of $16.2 Million, Net Income of $0.7 Million Q1 2024 Core EBITDA of $1.4 Million RADNOR, PA / ACCESSWIRE / May 15, 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 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.

News for BM Technologies Stock (BMTX)