BM Technologies Reports Fourth Quarter & Full Year 2023 Results [Yahoo! Finance]
BM Technologies, Inc. (BMTX)
Company Research
Source: Yahoo! Finance
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. Effective with the transfer, we are earning Durbin-exempt interchange rates on the majority of our serviced deposit account holder's debit card spend. This transfer is expected to increase our annualized interchange revenue by approximately $4.4 million based on the current level of Higher Education debit card spend of $2.2 billion." Ms. Sidhu continued, "As we begin 2024, we are better positioned for growth and profitability this year and over the long term. In addition to the transfer of our
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BMTX
News
- BM Technologies, Inc. (NYSE: BMTX) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $8.00 price target on the stock.MarketBeat
- BM Technologies, Inc. (NYSE: BMTX) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $8.00 price target on the stock.MarketBeat
- BM Technologies Reports Fourth Quarter & Full Year 2023 ResultsAccesswire
- CORRECTION: BM Technologies to Announce Q4 and Full Year 2023 Earnings and Host WebcastAccesswire
- BM Technologies to Announce Q4 and Full Year 2023 Earnings and Host WebcastAccesswire
BMTX
Earnings
- 11/20/23 - Miss
BMTX
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- 4/16/24 - Form 3
- BMTX's page on the SEC website