Every 10-Q that Broadway Financial Corp/Del (BYFC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BYFC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BYFC filings page.
Broadway Financial Corporation (City First Broadway) reported a solid return to profitability for the six months ended June 30, 2026. Net income was $2.3 million, compared with a net loss of $1.9 million a year earlier; net income attributable to common stockholders was $627 thousand versus a loss of $3.4 million. Net interest income rose to $18.5 million from $15.8 million, driven by loan and securities growth despite higher funding costs. Non-interest income increased to $1.5 million, while non-interest expense declined to $15.5 million from $17.7 million, reflecting lower operational losses.
Total assets expanded to $1.56 billion from $1.35 billion, with loans receivable, net, up to $1.13 billion and deposits up to $1.11 billion. The allowance for credit losses increased to $10.8 million, largely due to portfolio growth and a specific reserve on a non-accrual loan. The company transitioned its credit loss methodology to a discounted cash flow model, which management indicates did not materially affect results. Capital remains anchored by $150 million of ECIP Series C preferred stock, on which dividends of $1.5 million were paid in the first half of 2026.
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 reported a restated quarterly 10-Q showing a sharp swing to loss driven by a large non-cash goodwill write-down and higher credit costs. For the quarter ended September 30, 2025, the company posted a net loss attributable to the company of $23.9 million, versus net income of $0.5 million a year earlier, and a basic loss per common share of $2.86.
Results include a $25.9 million goodwill impairment, eliminating all recorded goodwill, and higher provision for credit losses, which lifted the allowance to $10.3 million. Management also restated prior periods after determining certain loan participations should be treated as secured borrowings rather than sales, modestly increasing both loan interest income and borrowing costs and revising cash flow presentation. Despite the loss, total assets were stable at about $1.34 billion, deposits rose to $849.2 million, and available-for-sale securities increased, while unrealized losses on securities narrowed, supporting positive other comprehensive income.