Welcome to our dedicated page for Broadway Finl Del news (Ticker: BYFC), a resource for investors and traders seeking the latest updates and insights on Broadway Finl Del stock.
Broadway Financial Corporation (NASDAQ: BYFC) is the parent company of City First Bank, National Association, a mission-driven bank focused on serving low-to-moderate income communities in urban areas in Southern California and the Washington, D.C. market. The BYFC news page on Stock Titan aggregates company announcements, earnings updates, regulatory developments, and governance changes drawn from press releases and official disclosures.
Investors following Broadway Financial Corporation’s news can track detailed quarterly and annual results, including discussions of net interest income, net interest margin, deposit growth, borrowing levels, credit quality, and non-interest expenses. The company’s releases describe how its lending and deposit activities support affordable housing, small businesses, and nonprofit community facilities in low-to-moderate income neighborhoods, providing context for financial performance within a community development banking model.
News coverage for BYFC also features regulatory and listing updates. The company has reported receiving notices from The Nasdaq Stock Market LLC regarding non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delays in filing certain Quarterly Reports on Form 10-Q. Related announcements explain the need for additional time to evaluate participation agreements and sold loan participation accounting under Accounting Standards Codification Topic 860, as well as the impact on reporting timelines and compliance plans.
Corporate governance and leadership developments appear frequently in Broadway Financial Corporation’s news, including appointments to the board of directors and new executive roles at City First Bank, such as Chief Banking Officer and Chief Deposit Officer. These items outline responsibilities across commercial banking, credit administration, operations, digital banking, and deposit strategy. By reviewing the BYFC news feed, readers can see how financial performance, regulatory matters, and leadership decisions evolve over time within this community-focused financial institution.
Broadway Financial (NASDAQ: BYFC) received a Nasdaq letter dated November 20, 2025 notifying the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because its Form 10-Q for the quarter ended September 30, 2025 was not filed on time.
The filing delay stems from the company's evaluation of sold loan participation accounting under ASC 860 and its impact on consolidated financial statements. Nasdaq gave Broadway until December 8, 2025 to submit an updated compliance plan and may grant an extension only to the existing February 16, 2026 deadline if the plan is accepted. Nasdaq's notice has no immediate effect on listing or trading; the company expects to file the Q3 Form 10-Q as promptly as reasonably practicable.
Broadway Financial Corporation (NASDAQ: BYFC) announced on October 20, 2025 that Justin Jennings has been named Executive Vice President, Chief Deposit Officer at City First Bank, based in Washington, DC.
Jennings will report to President and CEO Brian Argrett and lead treasury management, banking operations, digital banking, and deposit strategy. He joins from Columbia Bank where he served as Executive Vice President, Operations Officer, and previously spent 17 years at JPMorgan Chase in treasury and real estate banking roles.
Broadway Financial Corporation (NASDAQ: BYFC), parent company of City First Bank, received a notification from Nasdaq on August 21, 2025, regarding non-compliance with Listing Rule 5250(c)(1) due to delayed filing of its Q2 2025 Form 10-Q.
The delay stems from the company needing additional time to evaluate participation agreements for compliance with Accounting Standards Codification Topic 860. Nasdaq has granted Broadway 60 calendar days to submit a compliance plan, with potential extension up to 180 days (February 16, 2026) if the plan is accepted.
While the notice has no immediate impact on Broadway's Nasdaq listing, the company aims to file the Form 10-Q before the 60-day compliance plan deadline.
Broadway Financial Corporation (NASDAQ: BYFC) reported Q2 2025 consolidated net income before preferred dividends of $603 thousand ($0.07 per diluted share), compared to $269 thousand ($0.03 per diluted share) in Q2 2024. After deducting preferred dividends, the company posted a net loss attributable to common stockholders of $147 thousand (($0.02) per diluted share).
Key highlights include: net interest margin increased by 22 basis points to 2.63%, total deposits grew by $53.5 million (7.2%) in H1 2025, and borrowings decreased by $126.3 million (64.6%) to $69.2 million. The bank maintains strong capital ratios with a Community Bank Leverage Ratio of 15.69% and solid credit quality with non-accrual loans to total loans at 0.42%.
Broadway Financial Corporation (NASDAQ: BYFC) has announced revised Q1 2025 results, reporting a consolidated net loss of $1.9 million, or ($0.21) per diluted share, compared to a net loss of $164,000 in Q1 2024. The quarter was significantly impacted by a $1.9 million wire fraud loss.
Despite challenges, the company saw positive developments including: net interest income growth of 6.9% to $8.0 million, net interest margin improvement to 2.70% (up 43 basis points YoY), and deposit growth of 4.2% ($31.1 million) during Q1. The bank maintains strong capital ratios with a Community Bank Leverage Ratio of 15.24% and solid credit quality with non-accrual loans at just 0.09% of total loans.
Broadway Financial (NASDAQ: BYFC) reported a challenging first quarter 2025, with a consolidated net loss of $451,000 ($0.05 per diluted share), compared to a loss of $164,000 ($0.02 per diluted share) in Q1 2024.
Key highlights:
- Net interest income increased 6.9% to $8.0 million
- Net interest margin improved to 2.70%, up 43 basis points
- Total deposits grew 4.2% to $776.5 million
- Borrowings reduced by 60.1% to $78.0 million
- Credit quality remained strong with non-accrual loans at 0.09% of total assets
The quarter saw increased expenses, with non-interest expense up 5.7% to $8.3 million, primarily due to higher compensation costs. The provision for credit losses rose to $689,000, mainly due to one new non-accrual loan. Despite challenges, the bank maintains strong capital ratios with a Community Bank Leverage Ratio of 15.36% and continues focusing on serving low-to-moderate income communities.
Broadway Financial (NASDAQ: BYFC), parent company of City First Bank, has appointed Mary Hentges to its board of directors effective March 5, 2025. Hentges will serve on multiple committees including the Audit Committee, Risk and Compliance Committee, and Internal Asset Review Committee until the 2026 annual meeting.
Hentges brings significant financial expertise, having served as an Advisor for Jiko Group since 2019 and holding CFO positions at several companies including PayPal (2003-2010), CBS Interactive (2010-2012), and Yapstone (2012-2014). She currently serves on the boards of Upstart Holdings (NASDAQ: UPST) and Akili (NASDAQ: AKIL), among others.
The appointment follows a thorough review process by the Corporate Governance Committee, considering recommendations from Board members and management. The Board size has been increased to ten directors to accommodate this appointment.
Broadway Financial (NASDAQ: BYFC) reported Q4 2024 net income of $1.3 million, down from $2.6 million in Q4 2023. For full-year 2024, net income was $1.9 million compared to $4.5 million in 2023. Q4 2024 diluted EPS was $0.06, down from $0.31 in Q4 2023.
Notable achievements include a 10% increase in total gross loans to $977.0 million, 9.2% growth in deposits to $745.4 million, and a reduction in borrowings by $134.7 million. Net interest income increased by $850 thousand (11.9%) to $8.0 million in Q4 2024.
The company maintained strong credit quality with only one non-accrual loan of $264 thousand. The allowance for credit losses increased to $8.1 million due to loan portfolio growth. Book value per share improved to $14.82 from $14.65 year-over-year.
Broadway Financial (NASDAQ: BYFC) announced significant leadership changes. Ruth McCloud, Chief Operating Officer, will retire on March 31, 2025, after 10 years of service. The company has appointed John A. Allen as Chief Banking Officer, a newly created position, effective January 13, 2025.
In his role, Allen will oversee Commercial Sales and Banking, Credit Administration, Operations, and Retail, reporting directly to President & CEO Brian Argrett. Allen brings over 30 years of financial services experience, having previously served as Region President for Wells Fargo in the Washington, D.C. metro area, Executive Vice President & Region President at Santander Bank, and Market President at Capital One Bank.