Welcome to our dedicated page for Bm Technologies news (Ticker: BMTX), a resource for investors and traders seeking the latest updates and insights on Bm Technologies stock.
BM Technologies Inc (BMTX) delivers innovative digital banking solutions through its Banking-as-a-Service platform and strategic partnerships. This news hub provides investors and financial professionals with essential updates on the company’s technology developments, financial performance, and market strategies.
Access real-time announcements including quarterly earnings, product launches, and strategic collaborations. Our curated collection helps users track BMTX’s progress in digital transformation initiatives, higher education financial solutions, and SaaS-based banking innovations.
Discover updates on regulatory developments, leadership changes, and technology partnerships that shape BM Technologies’ position in the fintech sector. Content spans operational milestones, customer growth metrics, and service expansions while maintaining compliance with financial disclosure standards.
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BM Technologies, Inc. (BMTX) reported a full-year 2022 revenue of $83.6 million and a net loss of $0.8 million. Key developments include a new partnership with First Carolina Bank for its Higher Education business and a two-year renewal of its largest Banking-as-a-Service (BaaS) partnership. The Profit Enhancement Plan aims for $15 million in targeted cost savings for 2023. Average serviced deposits totaled $1.8 billion, with debit card spend at $2.9 billion. BMTX expects improved financial metrics in H2 2023, driven by new fee structures and operational efficiencies.
BM Technologies, Inc. (NYSE American: BMTX) announced the appointment of Raj Singh as Co-CEO, alongside promotions for Jamie Donahue to President and Jim Dullinger to Chief Financial Officer. This leadership enhancement aims to drive revenue growth and improve EBITDA over the next 3-5 years. Singh, with over 20 years of investment banking experience, received an inducement award of 500,000 restricted stock units, partially based on performance. The company will discuss these changes during a conference call on March 27, 2023, which will also cover full-year 2022 results.
