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BM Technologies Inc - BMTX STOCK NEWS

Welcome to our dedicated news page for BM Technologies (Ticker: BMTX), a resource for investors and traders seeking the latest updates and insights on BM Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BM Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BM Technologies's position in the market.

Rhea-AI Summary
BM Technologies, Inc. (BMTX) reported Full year 2023 Revenue of $55.3 million. The transfer of Higher Education Deposits to First Carolina Bank increased Annualized Interchange Fees by 20 Basis Points. CEO Luvleen Sidhu highlighted the positive impact of the transfer on interchange revenue and cost savings from the Profit Enhancement Plan. The company is optimistic about growth and profitability in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
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Rhea-AI Summary
BM Technologies, Inc. (BMTX) to host a live webcast to discuss its fourth quarter and full year 2023 earnings on April 3, 2024, correcting the date of the earnings release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
-
Rhea-AI Summary
BM Technologies, Inc. to host a live webcast discussing fourth quarter and full year 2023 earnings on April 1, 2024. The company is a leading digital banking platform and BaaS provider in the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
Rhea-AI Summary
BM Technologies, Inc. (BMTX) announced the recipients of its seventh annual ACE Award, recognizing partner colleges and universities that Achieve Campus Efficiency (ACE). The company serves over 750 campuses and disbursed nearly 8 million refunds totaling more than $11B in 2023, with a 99% higher education institution contract renewal rate. BMTX plans to roll out a new student identity verification service in Q1 2024 and has been providing white-labeled banking services in higher education since 2001.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
partnership
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Rhea-AI Summary
BM Technologies, Inc. (NYSE American:BMTX) reported Year-to-Date 2023 Revenue of $41.2 Million. The company is transferring customer deposits in the Higher Education vertical to First Carolina Bank, expecting increased revenue due to earning Durbin-exempt interchange rates on the majority of deposit holder's debit card spend. The Profit Enhancement Plan (PEP) has resulted in a 15% lower Core Operating Expense base compared to the prior year, despite ongoing investments in technology, operational processes, and data initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.49%
Tags
none
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Rhea-AI Summary
BM Technologies, Inc. (NYSE American:BMTX) to host live webcast for discussing third quarter 2023 earnings. The company is a leading digital banking platform and Banking-as-a-Service (BaaS) provider in the US. The webcast will be held on November 20, 2023, at 5:00pm ET. Access the live call via the 3Q23 Webcast Link or the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
Rhea-AI Summary
BM Technologies, Inc. (NYSE American:BMTX) has selected Rachel Labi as the recipient of its eighth Annual Financial Empowerment Scholarship. Labi, a Purdue University student, was chosen out of over 700 applicants. The scholarship, provided by the BankMobile Foundation, rewards students who promote financial empowerment. Labi submitted a creative video explaining the importance of financial empowerment in her life and career. The scholarship covers tuition and is payable to Labi's university.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
Tags
none
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Rhea-AI Summary
BM Technologies, Inc. reports Q2 2023 results with operating revenues of $13.0 million and a net loss of $(4.5) million. The company anticipates monetizing $4.5 million of tax receivables by the end of 2023. Higher Education vertical sees an 11% increase in new checking account sign-ups. BaaS vertical shows a 16% YoY increase in BaaS spend per 90-day active account. The company expects to achieve over 60% of its targeted $15 million cost savings for 2023 through its Profit Enhancement Plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.58%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.25%
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management
BM Technologies Inc

NYSE:BMTX

BMTX Rankings

BMTX Stock Data

18.10M
9.72M
26.66%
33.18%
0.38%
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United States
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