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Broadway Financial Corp/Del - $BYFC STOCK NEWS

Welcome to our dedicated page for Broadway Financial Corp/Del news (Ticker: $BYFC), a resource for investors and traders seeking the latest updates and insights on Broadway Financial Corp/Del stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Broadway Financial Corp/Del's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Broadway Financial Corp/Del's position in the market.

News
Broadway Financial Corporation Discloses Receipt of Notice From Nasdaq Regarding Filing Requirement for the Company’s Form 10-K
Rhea-AI Summary
Broadway Financial , the parent company of City First Bank, received a notice from Nasdaq regarding non-compliance with filing requirements for its Form 10-K. Nasdaq granted an extension until May 13, 2024, for the filing, and Broadway is working on an updated plan to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.76%
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News
Broadway Financial Corporation Announces Notification From Nasdaq Regarding Delinquent Form 10-Q
Rhea-AI Summary
Broadway Financial Corporation (BYFC) Receives Notice from Nasdaq Regarding Non-Compliance with Listing Rule 5250(c)(1)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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none
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News
Broadway Financial Corporation Announces Repurchase of Shares
Rhea-AI Summary
Broadway Financial Corporation (BYFC) has purchased 1,958,173 shares of the Company's Class A Common Stock from the FDIC at a price of $0.9095 per share. The purchased shares represent just under 4.0% of the Company's total voting shares and over 2.6% of the total common equity. The FDIC no longer owns any shares of Broadway. The purchase was financed from cash on hand and the shares will be retired by the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
Tags
buyback
News
Broadway Financial Corporation Announces Terms of Reverse Stock Split
Rhea-AI Summary
Broadway Financial Corporation (BYFC) announced a 1-for-8 reverse stock split effective November 1, 2023. The split is intended to bring the company into compliance with Nasdaq's minimum bid price requirements. No fractional shares will be issued, and stockholders will receive a cash payment instead. The split will not modify any rights or preferences of the common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
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none
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News
Top Black-Led Financial Organizations to Provide Up To $100 Million in Mission-Focused Lending to Underserved Small Business Owners
Rhea-AI Summary
City First Bank, Capital Impact Partners, and CDC Small Business Finance have partnered to provide affordable owner-occupied commercial real estate mortgages to underserved small businesses in low-to-moderate income areas. The loan product offers competitive rates and is tailored to entrepreneurs in disinvested communities, benefiting entrepreneurs of color and female entrepreneurs. City First Bank aims to provide up to $50 million in initial capital, which will be leveraged up to $100 million through the SBA's 504 First Mortgage program. The partnership aims to address the racial wealth gap and expand access to financing for minority-owned businesses. The loan product offers 90% financing, low down payments (at 10 percent), 10-year, below-market, fixed interest rates, and a minimum loan amount of $500,000. Loan proceeds can be used for purchasing, refinancing, or improving owner-occupied commercial real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
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none
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News
Broadway Financial Corporation Announces Results for Second Quarter 2023
Rhea-AI Summary
Broadway Financial Corporation, the parent company of City First Bank, reported consolidated net earnings of $243 thousand for Q2 2023, compared to $1.9 million in Q2 2022. The decrease was primarily due to an increase in interest expense and a provision for credit losses. Total interest income increased by 38.5% in Q2 2023. Total net loans receivable increased by $56.6 million. Total assets increased by $47.0 million. CEO Brian Argrett stated that the company is focused on strategic growth and expanding operational capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
News
CORRECTING and REPLACING Broadway Financial Corporation Announces Results for First Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
Tags
earnings
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News
Broadway Financial Corporation Announces Results for First Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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earnings
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Broadway Financial Corporation, Inc. President and CEO Brian E. Argrett to Add Chair Role
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.08%
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none
News
City First Broadway Announces New Executives and Managerial Positions
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.58%
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Stock BYFC logo
Broadway Financial Corp/Del

Nasdaq:BYFC

BYFC Rankings

#4798 Ranked by Market Cap
#4035 Ranked by Stock Gains
N/A Ranked by Dividends

BYFC Stock Data

45.19M
5.83M
23.26%
13.87%
0.09%
Savings Institutions
Finance and Insurance
Link
United States of America
LOS ANGELES

About BYFC

broadwind energy (nasdaq: bwen) broadwind energy is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. with facilities throughout the u.s., broadwind energy's talented team is committed to helping customers maximize performance of their investments-quicker, easier and smarter. find out more at www.bwen.com.