Welcome to our dedicated page for Broadway Finl Del SEC filings (Ticker: BYFC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Broadway Financial Corporation filings document the reporting record of the parent company of City First Bank, National Association.
Its SEC materials include proxy statements on director elections and annual meeting matters, Form 8-K reports on quarterly results, Nasdaq listing-rule compliance, Regulation FD updates, and events affecting financial statements. The filings also disclose preferred dividends, loan participation accounting under ASC Topic 860, goodwill impairment, non-reliance and restatement determinations, and community development finance activity such as New Markets Tax Credit allocations.
Regas-Bradshaw Family Trust submitted a Rule 144 notice related to Class A common shares of Broadway Financial Corporation (BYFC). The filing lists several numeric items including 8,600, 80,431.58, and 6,180,445 with a date of 05/26/2026 and indicates Nasdaq as the market. It also itemizes issuer RSUs dated 07/26/2016 (2,404), 01/12/2017 (2,404) and 03/29/2018 (3,792). The filing reports a sale of 1,400 shares on 05/22/2026 with an associated figure of 13,252.01.
Broadway Financial Corporation reported a return to profitability for the quarter ended March 31, 2026. Net income attributable to the company was $1.2 million, compared with a net loss of $2.7 million a year earlier, and net income available to common stockholders was $0.4 million, or $0.05 per diluted share.
Total assets grew to $1.43 billion from $1.35 billion at year-end, driven by loan growth to $1.06 billion and an expanded securities portfolio of $284.1 million. Deposits increased to $1.07 billion, while FHLB advances were fully repaid. Net interest income rose to $9.1 million, helped by higher interest income and lower borrowing costs, and the provision for credit losses declined sharply to $0.2 million.
The allowance for credit losses edged up to $9.5 million as the company adopted a new discounted cash flow and scorecard-based methodology, reflecting portfolio growth and some credit migration. Credit quality included $11.5 million of non-accrual loans and $10.9 million of collateral-dependent loans. Capital remained strong, with a Community Bank Leverage Ratio of 14.06%, but deposit concentration was high, as five customers represented about 40% of total deposits.
Broadway Financial Corporation filed an amended report to correct an error in how interest on loans was calculated for first-quarter 2026 results. The correction changed reported interest income, net interest margin, and net income, but did not affect cash flows or the underlying economics of its lending arrangements.
For the first quarter of 2026, Broadway reported consolidated net income before preferred dividends of $1.2 million, or $0.13 per diluted share, compared with a net loss of $2.7 million a year earlier. Net income attributable to common stockholders was $409 thousand, or $0.05 per diluted share, versus a loss of $3.4 million in the prior-year quarter.
Loans grew by $42.7 million (4.2%) and deposits rose by $155.5 million (16.9%) since December 31, 2025, while the company eliminated $72.0 million in borrowings. Net interest margin improved to 2.75%, and the allowance for credit losses stood at $9.5 million with non-accrual loans at 1.07% of total loans. Uninsured deposits represented 46% of total deposits as of March 31, 2026.
Broadway Financial Corp director John Driver sold shares in the company. He completed an open-market sale of 6,500 shares of Common Stock at a price of $9.361 per share. After this transaction, he directly holds 2,711 shares of Broadway Financial common stock.
Broadway Financial Corporation is asking stockholders to vote at its June 17, 2026 virtual annual meeting on four main items: electing three directors, ratifying Crowe LLP as auditor, approving executive pay on an advisory basis, and choosing how often future advisory pay votes should occur.
The company reports 6,200,983 shares of Voting Common Stock outstanding as of April 23, 2026 and identifies City First Enterprises as a 13.9% holder. CEO Brian E. Argrett received total compensation of $926,022 for 2025, while two other named executives earned between about $380,000 and $511,000. Directors and executives together hold 4.53% of Voting Common Stock.
The Board, which combines the Chair and CEO roles and uses a Lead Independent Director, describes its committee structure, risk oversight approach, and independence determinations. It highlights a new clawback policy and explains that a prior financial statement restatement did not trigger recovery of incentive pay. The Board unanimously recommends voting for all three director nominees, for the auditor ratification and say‑on‑pay proposals, and for holding say‑on‑pay votes every year.
Broadway Financial Corp/DE reported that Vanguard Capital Management beneficially owned 344,245 shares of Common Stock as of 03/31/2026. That holding represents 5.54% of the class. The filing states Vanguard Capital Management has sole dispositive power over 344,245 shares and sole voting power for 30,289 shares, with affiliated Vanguard entities and managed funds included in the ownership disclosure.
Broadway Financial Corporation, parent of City First Bank, reported a strong turnaround for the first quarter of 2026. The company generated consolidated net income before preferred dividends of $1.6 million, or $0.09 per diluted share, compared with a net loss of $2.7 million, or ($0.39) per diluted share, a stated improvement of $4.3 million.
Net income attributable to common stockholders was $810 thousand, versus a net loss of $3.4 million a year earlier, an increase of 123.6%. Net interest margin rose to 2.91% from 2.63%, helped by a higher average yield on interest-earning assets and a lower cost of funds.
Loans receivable grew to $1.06 billion and deposits to $1.07 billion as of March 31, 2026. Management highlighted a $72.0 million reduction in borrowings, contributing to margin improvement, while credit quality remained solid with non-accrual loans at 1.07% of total loans and non-performing assets at 0.80% of total assets.
Broadway Financial Corporation reports a loan-focused balance sheet centered on mission-driven multifamily and commercial real estate lending. At December 31, 2025, total loans held for investment were $1.02 billion, with multifamily loans of $593.2 million and commercial real estate loans of $162.6 million.
Adjustable-rate structures dominate, with more than 82% of loans carrying adjustable features. Asset quality weakened from a very strong base as non‑performing assets rose to $11.2 million, or 1.09% of gross loans, while the allowance for credit losses increased to $9.4 million, or 0.92% of gross loans.
Broadway also holds an available‑for‑sale securities portfolio of $256.8 million, representing 19.1% of total assets. Funding comes primarily from $718.5 million in average deposits during 2025 and $72.0 million of year‑end FHLB advances, complemented by $80.8 million in securities sold under repurchase agreements. The bank remains strongly capitalized with a Community Bank Leverage Ratio of 14.09%, well above the 9% “well capitalized” threshold.
The Vanguard Group filed an Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership of Broadway Financial Corp common stock as 0 shares representing 0%.
The filing explains an internal realignment effective January 12, 2026, after which certain Vanguard subsidiaries report holdings separately and Vanguard Inc. no longer is deemed to beneficially own those securities.