BYFC Research | Milton Maxwell

BYFC

Broadway Financial Corporation

5.76

+0.06+1.05%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

53.17M

P/E (TTM)

Basic EPS (TTM)

-0.29

Dividend Yield

Recent Filings

8-K

Secures $75M NMTC allocation

2/26/26Feb 26, 2026

Broadway Financial's City First Bank secured a $75 million New Markets Tax Credit allocation from the CDFI Fund on February 26, 2026. This bolsters financing for low-income communities, building on $548 million previously deployed across 54 projects. New advisory council members join to sharpen impact. Forward-looking plans hinge on economic conditions.

8-K

Nasdaq compliance achieved

2/18/26Feb 18, 2026

Broadway Financial Corporation received Nasdaq notice on February 17, 2026, confirming compliance with Listing Rule 5250(c)(1) via its February 13 Form 10-Q for Q3 2025 ended September 30. The delisting threat is closed. Compliance restored.

10-Q

Q3 FY2025 results

2/13/26Feb 13, 2026

Broadway Financial posted a Q3 net loss of $23.9M, driven by a $25.9M goodwill impairment that erased underlying operating income of $2.0M—up from $0.5M last year—while net interest income climbed 3.4% y/y to $8.6M on a richer 2.72% margin as borrowings dropped sharply. Loans held steady near $1.0B (net) with multi-family at 60%, but non-accruals rose to 1.33%; deposits swelled 13.9% q/q to $849M yet uninsured share hit 36%. Cash sits at $19.7M, FHLB borrowing fell to $107.5M (4.53%, <1mo avg life) with $213M more available. Goodwill's gone now. Wire fraud recovery helped. Control weaknesses persist. One customer dominates 76% of repos.

10-Q

Q2 FY2025 results

12/31/25Dec 31, 2025

Broadway Financial turned profitable in Q2 2025 ended June 30, posting net income of $752K to common (up from $256K y/y), while YTD loss hit $1.9M versus $102K profit y/y, dragged by $1.9M operational loss from fraudulent wire. Net interest income held steady at $7.8M (down 2.1% y/y) with margin lifting to 2.58% on cheaper borrowings after slashing FHLB advances from $195.5M to $60M; deposits climbed 7.2% q/q to $799M. Credit tightened with $454K provision recapture but ACL rose to $9.9M amid $5M nonaccruals. Cash sits at $29.5M; $299M FHLB capacity remains. Preferred dividends now bite at 2%. Wire fraud stings, yet margins improve.

8-K

Nasdaq delinquency notice issued

11/25/25Nov 25, 2025

Broadway Financial received Nasdaq notice on November 20, 2025, for failing to file its Q3 10-Q on time due to sold loan participation accounting review under ASC 860. Trading continues unaffected, but compliance hinges on an updated plan due December 8 and filings by February 16, 2026 extension deadline. Nasdaq could reject the plan. Delays persist.

About

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. Its deposit products include savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit. The company also offers mortgage loans, which are secured by multi-family residential properties; single family residential properties; and commercial real estate, including charter schools, community facilities, and churches, as well as provides commercial business loans, loans guaranteed by the Small Business Administration SBA, construction- to-permanent loans, and consumer loans. In addition, it invests in securities issued by federal government agencies, residential mortgage-backed securities, and other investments. The company was founded in 1946 and is headquartered in Los Angeles, California.

CEO

Mr. Brian E. Argrett J.D.

IPO

1/9/1996

Website

https://www.cityfirstbank.com

Employees

106

Sector

Financial Services

Industry

Banks - Regional