Demand for our products and services may decline if we do not continue to innovate or respond to evolving technological changes. In addition, our customers could be subject to scams that may result in the release of sufficient information concerning the customer or our accounts to allow others unauthorized access to our accounts or our systems (e.g., "phishing" and "smishing"). Claims for compensatory or other damages may be brought against us as a result of a breach of our systems or fraudulent activity. I ...

BM Technologies, Inc. (NYSE:BMTX) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ET Company Participants Jim Dullinger - Chief Financial Officer Luvleen Sidhu - Founder, Chairman, and Chief Executive Officer Jamie Donahue - President Conference Call Participants Mike Grondhahl - Northland Securities Brian Dobson - Chardan Capital Markets Bill Dezellem - Tieton Capital Michael Diana - Maxim Group Operator Good afternoon, everyone and welcome to the BM Technologies Fourth Quarter and Full Year 2022 E ...

BM Technologies, Inc. (NYSE:BMTX) Q3 2022 Earnings Conference Call November 15, 2022 9:00 AM ET Company Participants Bob Ramsey - Chief Financial Officer Luvleen Sidhu - Founder, Chairman, and Chief Executive Officer Conference Call Participants Mike Grondhahl - Northland Securities Brian Dobson - Chardan Capital Markets Christopher Sakai - Singular Research Bill Dezellem - Tieton Capital Operator Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this ti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38633 BM Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 82-3410369 (State or other juris ...

Financial Performance - For the three months ended June 30, 2022, operating revenues increased by $0.6 million, or 3%, to $23.008 million compared to $22.404 million in the same period of 2021[166]. - Operating expenses also rose by $0.7 million, or 3%, totaling $23.377 million for the quarter ended June 30, 2022[166]. - Net income for the quarter increased by $9.2 million, reaching $4.362 million, compared to a net loss of $4.790 million in the prior year[167]. - Basic earnings per share improved to $0.37 from a loss of $0.40 in the same quarter of the previous year[167]. - Net income for the six months ended June 30, 2022, decreased by $2.9 million, primarily due to a $3.7 million decrease in the gain on fair value of the private warrant liability compared to the same period in 2021[169]. - Operating revenues increased by $1.4 million or 3% to $48.1 million for the six months ended June 30, 2022, driven by a $7.5 million or 38% increase in servicing fees from Partner Bank[174]. - Total operating expenses for the six months ended June 30, 2022, increased by $1.4 million or 3% to $45.5 million, mainly due to a $1.8 million increase in salaries and employee benefits[177]. - Basic earnings per share decreased to $0.70, while diluted earnings per share increased to $0.66, influenced by the impact of private warrants adjustments[172]. - The effective tax rate for the six months ended June 30, 2022, was 23.5%, compared to 21.5% for the same period in 2021[179]. Cash Flow and Liquidity - Cash and cash equivalents increased to $32.5 million at June 30, 2022, from $25.7 million at December 31, 2021, indicating improved liquidity[180]. - Net cash provided by operating activities was $12.4 million for the six months ended June 30, 2022, a decrease of $8.5 million (41%) compared to the same period in 2021[182]. - Cash used in investing activities increased by $3.2 million for the six months ended June 30, 2022, primarily due to increased capitalization of development costs related to internal use software[183]. - Cash used in financing activities decreased by $1.9 million for the six months ended June 30, 2022, compared to the same period in 2021[183]. - The net increase in cash and cash equivalents was $6.78 million for the six months ended June 30, 2022, a decrease of $9.82 million (59%) from the prior year[181]. - The company projects positive operating cash flows for the 2022 fiscal year and intends to fund ongoing activities with existing cash and expected cash flows from operations[180]. Business Operations and Strategy - The merger with First Sound Bank is expected to close in the fourth quarter of 2022, with an aggregate consideration of approximately $23 million[150]. - BMTX has signed a definitive agreement to provide technology to a new BaaS partner with tens of millions of U.S. customers, expected to launch in early 2023[151]. - Higher education serviced deposits typically experience seasonal highs in September and January, correlating with student enrollment periods[149]. - The company’s business model leverages partnerships for high volume, low-cost customer acquisition in its banking services[144]. - BMTX's primary revenue sources include interchange and card revenue, servicing fees, account fees, and university fees, driven by customer activity[144]. Accounts Receivable and Credit Risk - As of June 30, 2022, the Partner Bank accounted for 43% of total accounts receivable, net, compared to 61% at December 31, 2021[188]. - A BaaS partner accounted for 16% of total accounts receivable, net, as of June 30, 2022, up from 13% at December 31, 2021[188]. - MasterCard represented 13% of total accounts receivable, net, as of June 30, 2022, down from 17% at December 31, 2021[188]. - The company has not experienced any material losses related to accounts receivable and believes the credit risk is minimal[187]. - Cash held in the operating account may exceed FDIC coverage of $250,000, but the company has not experienced losses on these cash accounts[189]. - Total contractual lease obligations as of June 30, 2022, amounted to $56,000[185].

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. Ramsey Thank you Fred and good morning everyone. And thank you for enjoying us for BM Technologies Second Quarter Earnings Conference Call. Ou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-38633 BM Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 82-3410369 (State or other jurisdict ...

Table of Contents i UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-38633 BM Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware ...

BM Technologies, Inc. (NYSE:BMTX) Q4 2021 Earnings Conference Call April 1, 2022 9:00 AM ET Company Participants Bob Ramsey - Chief Financial Officer Luvleen Sidhu - Chief Executive Officer Conference Call Participants Mike Grondahl - Northland Securities Michael Diana - Maxim Group Brian Dobson - Chardan Capital Markets Chris Sakai - Singular Research Bill Dezellem - Tieton Capital Bob Evans - Pennington Capital Operator Good day and thank you for standing by. Welcome to the BMTX Fourth Quarter and Full Ye ...

BM Technologies, Inc. (NYSE:BMTX) Q3 2021 Earnings Conference Call November 15, 2021 9:00 AM ET Company Participants Bob Ramsey - Chief Financial Officer Luvleen Sidhu - Chief Executive Officer Conference Call Participants Mike Grondhahl - Northland Securities Michael Diana - Maxim Group Chris Sakai - Singular Research Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio s ...