Earnings call transcript Q3 2022

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Operator

Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the BM Technologies Incorporated Third Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.[Operator Instructions]

to conference like Ramsey, to now CFO. would turn over the Bob I go Please ahead.

Bob Ramsey

and everyone. earnings good for operator you, Thank morning for Technologies enjoying And BM third quarter call. us you thank

investor presentation on at posted Relations ir.bmtxinc.com. Our earnings Investor release were this both the company’s morning the of filed page are and website and

to Our includes that details on important investor a pull through I up webcast, morning's and we this copy. presentation encourage will everyone be walking

some would forward-looking actual Before and statements to to like of we from that be These the may performance make you forward-looking. a we materially differ statements what may today cause begin, to uncertainties that risks we currently remind is subject results number considered of are anticipated.

filings, speak this laws. date of to obligation events, statements only SEC the Copies light may XX-K undertake the SEC statements no may future required Please section results. our our of detailed Investor as presentation and affect securities update we the risk obtained factors our new to by note of Please from of visiting these more a forward-looking including or be of except the description refer extent to in these the and Relations for that or XX-Q, that Form information by website. forward-looking our applicable

Technologies time At BM my and Chair call Sidhu, pleasure it Luvleen CEO. is over this to turn to the

Luvleen Sidhu

Technologies joining results. excited Bob. thank quarter Good to for year-to-date you so BM call. third to solid you, To Thank morning, And we report everyone. earnings much begin, are you

few both in minutes. year-to-date discuss and detail third a We will results in more quarter

and the EBITDA income revenue months generated XXXX. first of of environment, $XX.X This $X.X year, the challenging in of $XX.X despite million, of nine million net core million, we

provide for the Bob I and and later but a business more will provide on stated, I just both during highlights, call. details details brief more step we moment, want on back take some which financials, I a to provide As will

strengthen banking-as-a-service our by to recent continue comprehensive collaboration market we with with which available our today. solution announced the banking-as-a-service First, most business QX, on the Helix creates

We significant is to with XXXX. new work development to also of which customers, launch technology to partner a management trends in continue to and of US invest expected program millions in banking-as-a-service provide

we working agreement replace deposit at short-term variable improved sufficient pricing. partner better economics, towards partner actively new have the our are eventually with Second, and a existing environment servicing for with finalize This our also transfer new definitive we time will in the with will To with extension allow a sponsor of agreement our which deposits, a this bank bank us into be relationship entered customers agreement current bank. to also bank. rate

off part you chartered Let me will sheet a in strategy the for even of facilitate balance deposits that our future bank partnerships as institution. remind an

We our with application and also of questions continue order to Bank merger in forward First posed our working merger to goal XXXX. regulators with are Sound by push closing in now a to on resubmitting respond

service banking-as-a-service which include average billion the deposits deposits. billion in average $X.X Other business $X.X highlights third service quarter, included totaling in

in card billion months $X.X $X.X and debit September Our ended the spend billion the was quarter third in XXth. nine

Our the approximately of active in and $XXX per $XX account year-to-date XXth. quarter approximately revenue third September XX-day as was

our nine year-over-year. and account XX% improved new year. share accounts to quarter, Additionally, we in In third approximately XXX,XXX the the are higher approximately months excited that business, of education open XXX,XXX first new in we the signups

$X.X months and XXth nine for nine September the ended the third into quarter the three September financials totaled and income I EBITDA nine slide months totaled operating $XX.X will months $X.X $XX.X September and the on and the months million respectively. Total nine now revenues million XXth deep Core dive EBITDA million. million ended XXth for XXth $XX.X totaled ended totaled earnings Net for totaled the September ended core million. million, $X for five. for core

the from report stimulus, rates, Revenue value impacted inflationary deposits deposit EBITDA despite with and we affected focused which customer and to run macro not results times sensitive to benefiting this spend pressures market and proud face of interest off. are negatively these and keeping the We chase deposits we on rate solid keep balances. quarter were no difficult environment volatility. rising we building core highly our rate as to were letting rapidly tailwinds longer franchise decision Instead, where unprecedented by

with now servicing rate reduces We fees balance more deposits, market the offering Money our even T-Mobile have begun competitive to though short-term. minimize in deposits for a sensitive it deposit rate to desire our

it has However, these balances. helped stabilize

to immensely Moreover, a improving to our more bank combining which benefit deposits bank will In are revenues. strategy. in with believe charter, continue the pricing committed long-term XXXX, quality generation and a having ability a flexibility high we will in earn the on deposits we with provide from and more these asset to we

million Let's deep X%, the Total of vertical like in higher included XXXX, beta extremely move essentially in with approximately deposit billion $X.XX bearing we dive environment. and totaled in ending metrics. which which rate a are banking-as-a-service deposit education to current deposits deposits average $X.X service is six this spend Average slide close billion attractive billion totaled I coming in to to education that vertical. deposits highlight where $X.X the with the QX, deposits from $XXX would non-interest service higher deposit.

$X.X quarter and third and quarter Debit was $X.X debit in the the spend billion card the third $XXX $XXX Student onto $XXX was spend business year-to-date. and in spend million billion Moving $XXX million spend. business banking-as-a-service million year-to-date. third was card year-to-date, in specifically quarter and million

on share higher in in of in billion the like education compelling to disbursements based were in financial vertical. quarter bank student's checking third do year-to-date. billion disperse -- at our deposited $X.X billion refunds our BankMobile $XX.X in into Vibe these choice to so. the partner our and I We of $X.X held would account a aid the some metrics now quarter aid third financial

In Organic billion coming account. banking deposits students deposits accounts. any deposits indicating to $X.X primary organic this, addition into the above refund are behavior. into totaled and These made these over disbursement year-to-date

an year-over-year, Additionally, we and signups saw in account account increase saving signups with a X% in XX% increase year-over-year. checking increased signups account

many wins see, you challenging despite we the As business celebrate times. can

would now like metrics to Bob I account our pass to to walk it through on slide per seven. Ramsey on

Bob Ramsey

Thank you, Luvleen.

seven. slide to Turning

the account Our revenue looking months. the which annualized and totals per on per In account over balances $XXX $XX. year quarter, approximately deposits the basis were reflects and and than spend and period, ago the $XXX Year-to-date, interest, trailing revenue in we an current the quarter discussed. was slightly third our up is trends Luvleen XX which

demonstrates balances Overall, This slide year-over-year spend our account some also seen in and deposit per deposits basis. account have a on growth per per metrics. account we

mid-year BaaS the Although, be the the declines stimulus can absence from period. which not account seen lower reflect value current Spend in our in basis, is to decision chase the does vertical, franchise year-over-year any slightly on in of but per on rate, focus peak. the rather a

Turning slide to eight.

months You the the can in first see nine XXXX. XXXX lower that of debit first was months spend than of nine

year. to was a tailwind be of there reminder, with the stimulus the continue early remainder XXXX of a dollars as spent stimulus amount a through the in significant As

discussed. pronounced slightly lower BaaS are average the deposits, from more year-over-year we've again, business, with Our very already declines which

$XX in billion are also see the higher here exceeded disbursements, ed which can period. total year-to-date You

the revenue you I slide, a this to of show and line our won't Moving it talk five-quarter nine. on by financial does slide through statement details view but EBITDA breakout item.

revenue fees card are revenue. and deposit Our servicing items largest

deposits to through grow with our by about ability forward, establishing deposit stronger new these excited bank bank the Looking both partner with we're combination fees servicing particularly we the pricing. how a rate monetize and revenues, variable a increasing

discuss XX over and business turn that, Luvleen to it With highlights. slide I to will back

Luvleen Sidhu

Thank greater would now with you, to I a and third few detail. quarter Bob. for On accomplishments provide slide like in you highlights the key XX,

working as pricing. definitive agreement mentioned a First, bank partner rising before, the are new variable rate economics new and with a rate with we better environment given I towards

with have interchange Exempt. The agreement deposits, exempt to our will bank finalize us of exception between allow sufficient transferred continues income. our time Durbin Durbin to bank. new of agreement partner bank's current regulated the a difference The and with be short-term extension the terms partner obligation partner the To deposit Durbin extension the and the existing we servicing pay entered

market banks and continue Together, and provide collaboration we with Helix's platform, our most even and a on recently new to sales positioning serving brands by Helix by strengthen app global banking-as-a-service provider. comprehensive solution available most our embedded we management as announced of opportunities, given provide Holdings team. with today, Second, partner We a embedded importantly, combining network strong our partners award-winning and large to better. increasing development its top pipeline banking-as-a-service finance for program QX the pipeline business the banking-as-a-service tier consumer services, technology BMTX solutions banking

program partner expand has our to continue development XXXX also new this The reach quarter. provide will We work technology and management millions announced in to banking-as-a-service launch new BMTX customers. partner expected of of last to

Money include customers feature, This true offering feature expanded to T-Mobile name the relationship just Perks expand. metro accounts, also and year, continues have to the roadmap product T-Mobile we name few. savings Our the a to expanded to PXP a MasterCard new

invest continue time development to we scale improvements decrease platform market banking-as-a-service to to expense as Lastly, in we business. to and our shorten the

progress good business. Third, in making education we are higher our

nearly in a bearing portfolio of is which non-interest valuable As this is I very mentioned in deposits, this rate $XXX million before, highly about environment. attractive

an to We time this last signups also year. compared increase account saw XX% in

refund additional behavior. had banking have in accounts flow disbursements and year-to-date, billion We $X.X $X.X billion indicating into our organic deposits primary an in

year-over-year account, in over We increase also XX% is average per $X,XXX. saw now an deposits which

XXXX, added additional to in XX,XXX BankMobile relationships access XX new disbursements. we school about Lastly, students providing

Bank, in as working, in questions of on in We goal combining our a remain to closing merger posed merger to by resubmitting of committed a are and our part our revenue this mentioned before, order process, First continue regulators XXXX. XXXX Fourth, to opportunities. with a bank expand push with to application we Sound we as respond with we forward to

our and through and our skip full of future. to continue our slides have as suite banking expanding talked I through vision Slide growth XX, include opportunities in banking will the XX a These platform digital I and before. these to services highlight products tremendous digital

like I summarizing to key by XX. to highlights. end Moving slide our would investment

in opportunities XXXX, with charter our will FinTech We continue a other which increase and be revenue to to among benefits. combining committed true becoming a bank

Second, scale in deposits of a with we deposits with profitability to these bearing. non-interest and $X.X billion third approximately demonstrate nearly continue

of have we spend year-to-date billion, and net income portfolio a business and Additionally, overall our with $X.X EBITDA positive. is

demonstrated continued new in signups account a we with we expansion new our with banking-as-a-service with continue open accounts partner. Third, and growth XXX,XXX banking-as-a-service business approximately our T-Mobile collaboration in trailing by Fourth, strong new Helix, demonstrate have our XX to the months. new

including relationships, existing per with account over students. XXX per touching approximately one stable strong campuses engagement active account, economic despite environment. revenue trailing customer have we university every partnerships three months college deep -- Sixth, in Fifth, the country, with per revenue the across demonstrate $XXX. we account is Annual XX a

ready have is And with and that is developed lastly, to technology proprietary easily. and rollout API quickly we driven robust partners integrate

We work opportunities on building for to as are term longer charter. continue are our existing bank the BM expand new and about business the future and we building our with Technologies excited business

to team With that, and to and work forward. our prepared remarks. want propel support BMTX us close as hard shareholders like as thank continue continued well whose for I their my our would passion investors to members I

questions. Thank we Operator, now for you. to would line like the open

Operator

Instructions] [Operator

line the Our Northland Mike from first question Please will Securities. Grondhahl come ahead. of go with

Mike Grondhahl

Hey, Thanks. guys.

Bob Ramsey

Good morning, Mike.

Mike Grondhahl

I'm be guys a you will the you new little to off. growing two, partner you're insight, then of the you're see short-term deposit balances deposits next bit to roll better. the Can with, understand in that any maybe got higher letting with in rate that give you like negotiations and What the into cost It rate overall deposit from January? bank? related third over And customers the us this deposits seems extension trying some just deposits. quarters? few Do one,

Bob Ramsey

and I of questions, let a free if chime stab miss and take I'll yes, and that through try a anything first I'll know. and it roll Yes. Mike, maybe bunch in feel Luvleen me at So, to

we the majority end of with the at to As rate have, that indicated, the with short-term in But the definitive bank we new us the agreement current facilitate servicing compared bank, expire the are we unchanged. partner, for was to partner fee a variable bank transition fixed a the as rate working include to to order current partner this a better that current that of to due agree pricing terms year. really agreement agreement towards new did with extension would

fixed to existing the nature negotiating are longer is term extension is we the and pricing this better with being partner. rate goal get This is a So, that to short-term our rolled here forward.

give pricing. be a be can't I variable execute Fed materially partner's may finalized needs what from wouldn't too before would we And that negotiating floating indexed rate how is the the you funds it until that We and appropriate on higher than can we It and now is we would still right basis agreement, a much deposit competitive But have. definitive arrangement fixed detail because rate limited based to talk much we say. to pricing is we be the tell are current that pricing. on

Mike Grondhahl

I the numbers reg exemption. with can on basis, cubby apply then, anything that those? what And a guess, you rate have Durbin is know said you in can't say to I versus just -- rate the it. Got Durbin short-term? net you what guys

Bob Ramsey

Yeah.

said servicing base And to the arrangement fixed past So, pay a think rate X%. to we I was customers have do have that. with of interest then, that approximately we in out your of rate the

as customer deposits, does interest has the on increased servicing So, fee. reduce that our rate

our divided that there what average good what fee you've net amount by is of, servicing deposits, I got and can look hey, you trajectory a think and the is. sense at

And but paying not we But we is we interest to once do rates earn through isn't through as to paying the of narrow maybe servicing we're -- bank, word, transition interest to that why is about pass able able to that's with rising more. variable to a which arrangement earning but as to have servicing we more is, are those a on more we guess, market agreement, rate that rate customers we're there way the that are why bit we deposits, costs increases the we're see offset little rise. I the able when right fee because are fee pass more, think right

the point that want been higher is in out, That in this always I in is or really have to that BaaS pressure to the almost way like thing a $XXX deposits no structured has other business. that million The ed we I a cost. product are feature highlight the point just

and in was We have of that actually core we adjustment not rates an early that on had in increases to up have without moved impact We deposit rate we any the down, -- product pricing last negative base. in sort had XXXX, balances. not any

there and benefit space, ed So, it's high all the pressure deposit very we low rising have revenue flow there. in product, costs the sort partner. expect think cost the to core bank quality, balanced in to the which once in a variable we increases rate higher rates agreement, base, is a offset of would a no new and surfacing of through would very And we valuable us increases once with have we

Mike Grondhahl

just hey, And deposit next Got the lastly, expect grow it. quarters? do to couple it. overall balances then, Got you

Bob Ramsey

Yeah.

really on to balances with going is rate of low of rate. to have approach not seen and balance pressures that It's business, space. driven as cost said, market have guidance that happens market do to in there in really depend rapidly to the the the Luvleen looking want market going core on we going overall, look rates And with with it's decide not think to business -- that continue up grow. to deposits be not that But move runoff, there. maintaining and and conditions. to rate we what the we trying have I to chasing I whether possible. we as to we we're could find that's think haven't we Mike, what provide to are the We chase lot we do student grow increases. do want And taken BaaS forward, and So, A some and

Mike Grondhahl

you. Fair enough. Thank

Bob Ramsey

Thank Mike. you,

Operator

You're line Dobson next Chardan Brian question come go on Please of the ahead. will Markets. with Capital

Bob Ramsey

Brian. Morning,

Brian Dobson

Hi, good morning.

for how sorry, new and banking your partner not about I'm bit and specifically -- in decision quarter, P&L, the alleviate moving speak impacted not your that would forward? rates, the would've I how pressure chasing that relationship could how little a there you process rates So, changing might guess

Bob Ramsey

Yeah.

So, to speak that. I'll

at our free in. then And rate moved, structured what other that we a was rate of chime And more, it we see that some and of competitors wore depositors But product, some Luvleen, again, were we'll environment was, move is found reasonably originally with that this balances. market there materially a to -- were more. out more lot competitive. cases So different rate looked sensitive in there as paying in started feel to call a we've that interest rates it

that believe core we deposit that value with cost banking franchise. in low Now created a is

we valuable brokering going out those are a whether most bank, we banks, deposits a to we that's bank, have cost partner be have are So, if whether is low whether to they where we're deposits.

our view was, our moving we're stomach to value. and rate more really think that. changes some willing sensitive And franchise so We that initially balances, hey, don't away have they're we

having core a a good higher thing. fact, percentage is of In probably deposits

And so, happen. we'll let that

We continue sort some where of do market the find down, and want run need be balance balances did decided from we in to as point, at balances sort to far of we with we some be. rate don't too balance to hey, We want and away deposit see though, there. to

the basis determination rate in the product. And BaaS so, October. did on the rate July, we the XX we increase points and by higher ed balance that on another XX but we moved in the in product, the again by to points did make basis And rate space, not initially move

servicing of cost interest we as that calculation. say, is our increases part does had rate those affect because the the of have fee I So, revenues

what base. the a earning -- balances low those obviously, on So that on earn then, we lower or deposits. means And you're reduces

rate volume a from rates both sort the and and of and balances. you have So, movements impact a

to we which we up pricing are able I we And we moving Again, find Or today deposits with we're was deposit earning lag what Fed would on I think rate do agreement how if then to same we then were that ask up in no able the did if he benefit? servicing is term, think longer typical be move if had you variable increases, too, funds, there deposit through? industry. to impact pricing get do the how time, that the yield where is pass at a

You of back more it although you offset up, be catch earn that the through rate. spread, goal. actually to probably the could the to but -- some would in over see time would widening temporary able on pass increase And is that ultimately deposits

this an help longer about able the term, the us rate us will to see offset part talked a Longer agreement of immediate loan further deposit earn And give costs upside side, rising we're near-term side is, the bit, of well. because and to benefit. bank, know is term I the goal but these hey, a more going sheet balance then the variable quite we as on we've asset pricing in as

So, should this. to steps pickup the One layering away And earnings. you getting is from term, normalizing just and on see some two longer some deposits. of sort additional loans, I sort in are spread think in then there probably by of squeeze the

Brian Dobson

that for color. Thanks Excellent. Yeah.

half could more your banking-as-a-service Is exciting that half next we event, a new color when event? back And maybe you be first to a year. partner be expect have that? a any prospect or Do going to that's so very on announced

Bob Ramsey

Yeah.

half. the the is So, first it will be expectation that in

as So got as will we've -- send. let to working definitive But that's we'll you more what know something soon we we towards. are

Brian Dobson

much. Thank Excellent. very you

Operator

Sakai Your Chris Singular Research. from next with question go come line of Please will ahead. the

Bob Ramsey

Chris. Good morning,

Christopher Sakai

go To along question. last morning. the Good

this as large provide far bring revenue of what the you opportunities color sort in can So banking-as-a-service as will client first half XXXX? any new of

Bob Ramsey

Yeah.

full So, detailed I still more be services can we expect talk the again, market, a monetize about very haven't this we once for fees made the level we of both -- and of a level, that not that in public economics. to partner look technology vast tech talk product through we've the can some we able relationship think is technology sort of provide, off it. and at to But monetization And at got related and the development also the account. API we

very think So, that's at the level way, to about high it's -- this. probably way a

Christopher Sakai

there BM collaboration Okay. Thanks. And Helix. announced growth? as with that as Can provide far far bring what as as then, the recently color will Technologies you revenue any

Luvleen Sidhu

I'll take one. that Yeah.

Bob Ramsey

Luvleen, yeah, go ahead.

Luvleen Sidhu

banking-as-a-service Yeah. We're provider, ourselves by come really often about we in as solid with Helix head QX tier this We, obviously, partnership. these as partner view head really to a excited a processes. top and

than is we've clients that consolidating and just own which your with partnering a your firstly, just and we apart. question, biggest our to believe, motivations not approach really business but because say -- sort way so I we also truly and you And taken, models, competition, service and of think together that better. are refreshing in could that is stronger our serve banking-as-a-service we partners of are And is

like is front is why that, user And end app. white a providing very we technology interface, at because are good label a

large modern the a They also We experience, the the a very today. management, all fraud, market the services, most function AML, large et employees, the of one have operations, has program have salesforce. being on that so with really managed products in Probably of enabling the so of corporation evaluation, we on banking Helix service, backend modern have great backend available dollars platforms BSA, very And a compliance, to billions And cetera. thousands or way. very technology customer very really banking, operations of in they large. are they're banking

on and from garnered healthy being leverage that to their both together. and benefit so And win through relationships for build are helps able their salesforce us pipeline partner a to

we're able and from development to combination Hope being So, the then of pipeline program because apart strong of helpful. stronger business that's the technology, are our increasing and than opportunities. benefit management, we together overall, also

Christopher Sakai

that pipeline That's Yeah. you any helpful. Can type mention will what bring? on of color

Luvleen Sidhu

No Yeah. specific.

behind e-commerce been that sort that very to attractive companies of For closed industries we find open we've brands, a et very but about us, from very of -- is like doors, very, to cetera. to grocers, economy we transmitters, a gig consumer to the keep types process this money

we're to lot sense. color of is wide, providing discussing difficult types But do. this sort where this play of kind So, time very specific industry finance names of makes of embedded to a open on more the companies at

Christopher Sakai

for my answers. Thanks Okay.

Luvleen Sidhu

Thank you.

Operator

Instructions] [Operator

question Your come of the with ahead. Capital. next from will Tieton line Dezellem go Bill Please

Bill Dezellem

Thank you.

being what First student to signups XX%, talk high account, given not led would about interest that did that? to success all, you of it's particularly to us different account up you a rate and what, anything if create

Luvleen Sidhu

Sure. Yeah.

good for Thank you joining. So, morning.

business, really been the just been that on So, really really stack of a our student kind combining beautiful year to most solid modernized think this that made the very and begin product and evolution solid, it going doesn't sort it's we've own, begin technology so -- growth forward of the concerted we've where and of a well business that. behind And strategy, along investment marketing on slower in I forthcoming to well. effort we been technology development, marketing we've this a can its make sort chugs really business to generate and focusing as product but such

potential be that we and some on really honest, things, understand to and sure email to help the that there are upfront and first we're we're that outcomes. really that subject have helping basic strong for, top journey leading they that -- conversion that them as process is serve sort process very helped them, the to a as excited student, But that's making can steady so of tweaks things, a the possible. also done of optimizing, we are Bill. sure that introduced And slow what these It's of really the it's lines sorts -- simple making things. with really And that we've why we're how of funnel of we them small make frictionless to sort when the

to what a when they a comes student a -- go understand money that waiting, have that through in, their to have they choices on flow are on process experience, there. working finds to possible been working So, conversion out as taking marketing as actually make a product choice. friction help And really tech teams that with teams to much and our and out we've optimizing there's

that again, here a which there's hopeful tactics So, opportunity in small more this positive portfolio. us lot makes are that making very benefits,

Bill Dezellem

implication taking that increases that an is and lot step you that there's that go further, therefore, mentioned that Luvleen, terms And is something still more have of meaningful optimizing, student to in potentially one in ahead you've a a that begun there signups?

Luvleen Sidhu

we're for. our That is what is hope. aiming That

we place and sure business. that this we're continue to target we have day So, to that every make in grow can working

Bill Dezellem

to the Great. will what And regulators Sound to us are relative focused kind that First Thank the then, on the you. issues address about refiling, talk they the -- are of how that. and refiling

Luvleen Sidhu

chime to Yeah. free feel Bob, in.

high level, this $XXX of I But process. at conscious very we we're know, right, -- institution. to think feedback have is obviously bank, creating a over you $X as Bill, of regulatory sort a that million plus be time very of asset sharing and billion sort

would understanding and et policies, -- set just the the a to institution soundness And support so, risk just And questions regard make dive deeply focus deeper that so frankly, safety includes, taking management, the that that that teams, cetera, growth. rightly deeper is are on of regulators well quite processes, and growing dive up. an infrastructure in sure that

very we respond, heads as sure the of so, are being down about make that process. and thoughtful normal And how really this we're really want we view we part And to that that we're time. creating type get that in And support over can finish regulators can feel of on growth the bank a to hopeful we focusing XXXX. and know, line the

Bob Ramsey

this more and is I whole any highly be really confidential, don't And Bill, than I'm to appropriate the say it sure regulatory think you point. as process understand, that would at

Bill Dezellem

Thank you both.

Operator

conference remarks. With back to over any management that, the for I will turn closing

Luvleen Sidhu

morning. from thank really tell your you you. that we everyone about look We continued and excited our extremely for presentation Thank can joining are seeing I quarter. Well, you voices future our hope appreciate our you next and to this and support forward

Bob Ramsey

and me webcast, people everyone. questions take any up any follow to were to follow-ups. If free you I'll on Thank be or feel out happy to the there reach

Operator

will for and joining. call. gentlemen, that Ladies today's you all Thank conclude

disconnect. may You now

BM (BMTX) 15 Nov 222022 Q3 Earnings call transcript