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.

RADNOR, PA / ACCESSWIRE / September 14, 2022 / 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, was selected as a finalist in the Director of the Year category for the US Fintech Awards 2022. Now in its second year, the US Fintech Awards recognizes the achievements and success of America's FinTech leaders and is a benchmark by which financial services modernization and technological progress are judged.

Luvleen Sidhu, Chair, CEO, and Founder of BM Technologies (NYSE: BMTX), Named as a Finalist for the US Fintech Awards 2022

The average of price targets set by Wall Street analysts indicates a potential upside of 206% in BM Technologies, Inc. (BMTX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 206% Upside in BM Technologies, Inc. (BMTX): Here's What You Should Know

BankMobile Technologies reported earnings just after I released a bullish report with a $12.22 price target. I review Q2 earnings and share some insights below. A new BaaS partner was announced but management was tight-lipped about details. I'll share some details about why I think this new partner might be Starbucks.

BM Technologies Q2 Earnings Review: Starbucks The Bank?

The average of price targets set by Wall Street analysts indicates a potential upside of 187.4% in BM Technologies, Inc. (BMTX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think BM Technologies, Inc. (BMTX) Could Surge 187%: Read This Before Placing a Bet

BM Technologies was created as a subsidiary of Customers Bancorp and started trading publicly via a merger with SPAC Megalith Financial Acquisition around January 2021. Building on a core higher-ed disbursement business BMTX has grown deposits by 141% annually since 2019. The upcoming acquisition will also give them a bank charter enabling new ways to monetize deposits.

BM Technologies: FinTech Valued At P/FCF Of 2.97 With Multiple Major Catalysts This Year

BM Technologies, Inc. (NYSE:BMTX ) Q2 2022 Earnings Conference Call August 16, 2022 9:00 AM ET Company Participants Robert H. Ramsey - CFO Luvleen Sidhu - Co-Founder, Chairman, and CEO Conference Call Participants Christopher Sakai - Singular Research Michael Grondhahl - Northland Securities Greg Pendy - Chardan Capital Markets Bill Dezellem - Tieton Capital Robert H.

BM Technologies, Inc. (BMTX) CEO Luvleen Sidhu on Q2 2022 Results - Earnings Call Transcript

1H 2022 Net Income of $8.4 Million; Record Core EBITDA1 of $15.1 Million  Q2 2022 Average Serviced Deposits Increased 29% Year over Year RADNOR, Pa. , Aug. 16, 2022 /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 three and six months ended June 30, 2022.

BM Technologies Reports Record Second Quarter Results for Q2 2022

RADNOR, PA / ACCESSWIRE / August 10, 2022 / BM Technologies, Inc. (NYSE American:BMTX) (the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced today its participation at the Needham FinTech & Digital Transformation 1x1 Conference, being held on August 17th- 18th, 2022. Luvleen Sidhu, Chair, CEO, and Founder and Bob Ramsey, CFO of BMTX will be hosting 1x1 meetings during the conference.

BM Technologies (BMTX) to Participate in Needham FinTech & Digital Transformation 1x1 Conference

RADNOR, PA / ACCESSWIRE / August 10, 2022 / 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 2022 earnings on August 16, 2022 at 9:00am ET. The live webcast of the call can be accessed at 2Q22 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 most prominent digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness.

BM Technologies to Announce Q2 2022 Earnings and Host Webcast

Radnor, PA, July 29, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced the expansion of its senior leadership team that includes Jason Swartley as General Counsel, Amanda Meyer as SVP, People, and Steve Lenderman as SVP and Executive of Global Loss Prevention & Fraud Management.

BM Technologies, Inc. (BMTX) Expands its Senior Leadership with the Appointment of Jason Swartley, General Counsel, Amanda Meyer, SVP, People, and Steve Lenderman, SVP, Executive of Global Loss Prevention & Fraud Management

Radnor, PA, July 27, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (BMTX) today announced that it is a sponsor of the Concepts for Adaptive Learning (also known as TechKno) “build your own computer” program. As a program sponsor, BMTX donated 60 laptops to be used for students to build their own computers and gain new technology skills. The New Haven Free Public Library, also a sponsor, hosts the program from July 15th to July 25th.

BM Technologies (BMTX) Sponsors Program with Concepts for Adaptive Learning (Also Known as TechKno), Highlighting ESG Efforts

Radnor, PA, July 25, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX) (the “Company”), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, reported that on July 22, 2022, and effective immediately, the Audit Committee of the Board of Directors engaged KPMG LLP (“KPMG”) as the Company's new independent registered public accounting firm for the Company's fiscal year 2022 and related interim periods.

BM Technologies Engages KPMG LLP as Independent Registered Public Accounting Firm

RADNOR, Pa., June 14, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc . (NYSE American: BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, announced that Luvleen Sidhu, Chair, CEO, and Founder, is a finalist in the EY the Entrepreneur Of The Year® 2022 Greater Philadelphia program. Entrepreneur Of The Year® recognizes the most ambitious leaders who are building and sustaining successful, dynamic businesses around the world. Winners of this award comprise a global network of like-minded visionaries, each on a transformational journey to create, innovate, grow, learn, and build a better world.

Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (NYSE: BMTX), Announced as a Greater Philadelphia Finalist for Ernst & Young (EY US) Entrepreneur Of The Year® 2022

Radnor, PA, May 27, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX) (the “Company”), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, received notice on May 24, 2022 from NYSE Regulation stating that the Company was not in compliance with the continued listing standards of the NYSE American LLC (the “Exchange”) under the timely filing criteria set forth in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The non-compliance resulted from the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “Form 10-Q”) (the “Filing Deficiency”).

BM Technologies Receives Notice from NYSE American

Term sheet executed with new BaaS partner Net income expected to exceed $2.5M ~ EBITDA1 expected to exceed $8 million, beating consensus estimates ~ Q1 2022 average serviced deposits increased 60% year over year to $2.1 billion Term sheet executed with new BaaS partner Net income expected to exceed $2.5M ~ EBITDA1 expected to exceed $8 million, beating consensus estimates ~ Q1 2022 average serviced deposits increased 60% year over year to $2.1 billion

BM Technologies Announces Preliminary First Quarter 2022 Results

Radnor, PA, May 13, 2022 (GLOBE NEWSWIRE) -- May 13, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, is proud to announce the expansion of its Board with the naming of John Dolan to the Audit Committee and as its chairperson.

BM Technologies, Inc. (BMTX) Announces John Dolan as New Board Member

BM Technologies, Inc. (BMTX) CEO Luvleen Sidhu on Q4 2021 Results - Earnings Call Transcript

Exceeds 2021 Revenue and EBITDA Guidance 2021 Core EBITDA 1 increased 625% to $28.6 million from $3.9 million Q4 2021 Average Serviced Deposits increased 111% year over year to $2.0 billion

BM Technologies Reports Record Results for the Fourth Quarter and Full Year 2021

Radnor, PA, March 31, 2022 (GLOBE NEWSWIRE) -- RADNOR, PA, March 31, 2022 – BM Technologies, Inc. (NYSE American: BMTX) (the “Company”), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, will host a live webcast to discuss its fourth quarter and full year 2021 earnings on April 1, 2022 at 9:00am ET.

BM Technologies to Announce Q4 2021 Earnings and Host Webcast

RADNOR, PA, March 09, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced that Jim Dullinger has joined as Chief Accounting Officer (CAO). In his newly appointed CAO role, Dullinger will collaborate closely with other members of the senior leadership team to ensure the integrity of the company's accounting, external reporting, and financial operations and support the company's ability to continue to scale for the future.

BM Technologies, Inc. (BMTX) Announces Jim Dullinger as Chief Accounting Officer

RADNOR, Pa., Feb. 9, 2022 /PRNewswire/ -- BM Technologies, Inc. (NYSE American: BMTX), one of the largest digital banking platforms and banking-as-a-service providers, announced that Luvleen Sidhu, Chair, CEO and Founder, has been recognized as LendIt Fintech's 2022 "Fintech Woman of the Year".

Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (NYSE: BMTX), Named Winner of LendIt Fintech's 2022 'Fintech Woman of the Year Award'

RADNOR, PA, Jan. 27, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX)(“the Company” or “BMTX”), one of the largest digital banking platforms and banking as a service providers, announced that it will participate in the following investor conferences:

BM Technologies Announces Upcoming Conference Participation

Award recognizes 194 BankMobile Disbursements partner colleges and universities that Achieve Campus Efficiency (ACE), security and student service Award recognizes 194 BankMobile Disbursements partner colleges and universities that Achieve Campus Efficiency (ACE), security and student service

BM Technologies Honors 2021 ACE Award and Partnership Winners

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BM Technologies runs a college disbursement business that has brought in $2 billion of deposits.

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