Bounce - AE Help?

Bounce 01

To any After Effects gurus:

I animated this by key framing each letter individually and was wondering if there was anyone out there who knew if this could be done using AE's text animators, or is this the only way?

I could only get the character to go from A to B without being able to get that springiness as it settles. It'd be extremely useful being able to keep the text editable rather than having to apply keyframes to each character individually.

Here's the project file if anyone wants it:


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