BYFC
Broadway Financial Corporation5.76
+0.06+1.05%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
53.17MP/E (TTM)
-Basic EPS (TTM)
-0.29Dividend Yield
0%Recent Filings
8-K
8-K
Financial restatement announced
Broadway Financial Corporation disclosed on October 15, 2025, that its audited financials for 2023 and 2024, plus unaudited quarters through September 2024 and March 2025, can't be trusted due to errors in loan participation accounting under ASC 860. The company will restate these via amendments to its 2024 10-K and Q1 2025 10-Q, impacting balance sheets, interest income/expense, and credit loss allowances. A material weakness in internal controls emerged. Restatements expose further fixes.
8-K
Goodwill impairment announced
Broadway Financial Corporation disclosed a $25.9 million non-cash goodwill impairment on October 15, 2025, stemming from its annual analysis under U.S. GAAP for the quarter ended September 30, 2025. This charge, tied to the company's banking operations, signals potential valuation pressures but won't trigger cash outflows. Impairment hits hard yet spares liquidity.
8-K
Nasdaq noncompliance notice issued
Broadway Financial Corporation received a Nasdaq notice on August 21, 2025, for failing to file its Q2 2025 10-Q on time, due to ongoing evaluation of participation agreements under ASC Topic 860. Trading continues uninterrupted, with 60 days to submit a compliance plan and potential extension to February 16, 2026. The company aims to file soon. Delays risk Nasdaq rejection.
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