Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 reported second-quarter 2026 net income attributable to common stockholders of $218 thousand, or $0.02 per diluted share, versus $2 thousand a year earlier and $409 thousand in the prior quarter. Net income before preferred dividends was $968 thousand for the quarter and $2.1 million for the first six months of 2026, compared with a $1.9 million net loss before preferred dividends in the first half of 2025.
Balance sheet growth was strong: total loans reached $1.14 billion and total deposits $1.11 billion at June 30, 2026, with loans up $110.0 million (10.8%) and deposits up $197.0 million (21.5%) in the first six months of 2026. Net interest income rose to $9.5 million in the quarter, though net interest margin slipped to 2.65% from 2.75% in the first quarter as the cost of funds increased to 3.02%.
Pre-provision net revenue improved to $3.0 million, up 82.2% sequentially and 404% year over year, and the efficiency ratio improved to 71.61%. Credit quality indicators remained stable, with non-performing assets at 0.71% of total assets and an allowance for credit losses of $10.8 million, or 0.95% of total loans. The Community Bank Leverage Ratio was 13.20%, indicating a solid capital position.
Broadway Financial Corporation furnished its Annual Meeting presentation, highlighting 2025 results and its strategy through 2026 and beyond. The bank reported total assets of $1.3 billion, gross loans of $1.0 billion, and deposits of $0.9 billion as of December 31, 2025.
Results were pressured by a $25.9 million goodwill impairment in 2025, producing a GAAP net loss of $24.8 million, while adjusted net income was $1.1 million and adjusted return on average assets was 0.08%. The bank remains well capitalized, with a Community Bank Leverage Ratio of 14.09% and total liquidity of $425 million.
Management described a strategic repositioning away from less profitable wholesale multifamily lending toward relationship-based, mission-driven commercial, CRE, and small business banking. First quarter 2026 figures showed net income of $1.1 million, net interest margin of 2.75%, and a CBLR of 14.06%, supporting the plan to grow low-cost deposits, diversify loans, and increase fee income.
Broadway Financial Corporation, parent of City First Bank, has appointed financial services veteran Tina Carew as Executive Vice President, Chief Legal Officer and Corporate Secretary, effective June 17, 2026.
Carew will oversee corporate governance, regulatory disclosure strategies, and board advisory operations, reporting directly to City First Bank CEO Brian Argrett. The company highlights her more than 29 years of experience in regulatory compliance, capital markets, and complex corporate transactions as support for City First Bank’s long-term, mission-driven growth strategy.
She previously served as Vice President, General Counsel and Corporate Secretary of Invesco Mortgage Capital Inc. and held senior legal and governance roles at the Federal Home Loan Bank of Atlanta, after earlier work in securities and M&A law at Sullivan & Cromwell LLP.
Broadway Financial Corporation reported improved first-quarter 2026 results, highlighting balance sheet growth and recovering profitability. For the three months ended March 31, 2026, basic earnings per share were $0.05 and net income was $1.1 million, supported by net interest income of $9.1 million and total revenue of $9.6 million.
Total assets reached $1.4 billion as of March 31, 2026, with total gross loans of $1.1 billion and total deposits of $1.1 billion. Deposits rose 38% year over year to $1,073 million, bringing the loan-to-deposit ratio down to 99.6%. The net interest margin improved to 2.75%, while the annualized return on average assets moved to 0.12%. Capital remained strong, with a Community Bank Leverage Ratio of 14.06%, and FHLB borrowings were reduced to zero as the bank relied more on deposit growth.
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 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, parent of City First Bank, announced that the Community Development Financial Institutions Fund selected City First Bank for a $75 million New Markets Tax Credit allocation. This federal tax credit authority helps finance projects in low-income and underinvested communities.
City First Bank reports having previously deployed $548 million in New Markets Tax Credit allocations across 54 projects, focused on expanding access to education and healthcare in underinvested areas. Management describes the new allocation as “catalytic” for partnering with mission-driven organizations and continuing its community development mission.
Broadway Financial Corporation announced that Nasdaq has confirmed the company is back in compliance with its listing requirements for timely reporting. On February 17, 2026, Nasdaq informed the company that it satisfied Listing Rule 5250(c)(1) after Broadway filed its Form 10-Q for the period ended September 30, 2025 on February 13, 2026. Nasdaq stated that the matter is now closed, meaning the prior reporting deficiency has been fully resolved and the company’s Nasdaq Capital Market listing is no longer at risk from this issue.
Broadway Financial Corporation disclosed that Nasdaq has notified the company it 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 notice does not immediately affect the listing or trading of BYFC shares, and the company expects to regain compliance in the near future.
The delay stems from the company’s ongoing evaluation of its sold loan participation accounting under ASC 860 and the related impact on its consolidated financial statements. Broadway Financial previously received a Nasdaq extension to February 16, 2026 for filing its June 30, 2025 Form 10-Q, and any additional exception for all delinquent filings, including the Q3 Form 10-Q, is limited to that deadline. Nasdaq has given the company until December 8, 2025 to submit an updated compliance plan, and the company plans to provide this plan and file the Q3 Form 10-Q as promptly as reasonably practicable.
Broadway Financial Corporation reported that it has received an extension from Nasdaq until February 16, 2026 to file its delayed Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. The company needs to file this report with the SEC in order to regain compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely financial reporting. The company states that it anticipates filing the Form 10-Q on or before the new deadline and that there is currently no immediate impact on its listing status on the Nasdaq Capital Market.
Broadway Financial (BYFC) announced that its Audit Committee concluded goodwill is impaired under U.S. GAAP. The Company expects to record a non-cash $25.9 million goodwill impairment for the quarter ended September 30, 2025.
The write-down will reduce GAAP earnings for that period but does not reflect operating cash usage. Management stated it does not expect future cash expenditures related to this charge. Goodwill impairments occur when the carrying value of acquired businesses exceeds their estimated fair value.
Broadway Financial Corporation (NASDAQ: BYFC) announced a restatement of prior financial statements after its Audit Committee concluded certain loan participation agreements were recorded in error under ASC 860. As a result, the Company advised that its audited consolidated financial statements for fiscal years 2024 and 2023, and unaudited interim statements for the quarters ended March 31, 2024, June 30, 2024, September 30, 2024, and March 31, 2025 should no longer be relied upon.
The Company plans to file amendments to its 2024 Form 10-K and Q1 2025 Form 10-Q to restate the Affected Financials, impacting the balance sheet presentation, related interest income and interest expense, and the allowance for credit losses. Management identified a material weakness in internal control over financial reporting as of the original filing dates, which will be reported in the amendments. The Company discussed these matters with Baker Tilly US, LLP and Croe LLP.
Broadway Financial Corporation reported that Nasdaq has notified the company it is not in compliance with listing Rule 5250(c)(1) because its Form 10-Q for the quarter ended June 30, 2025 was not filed on time. The notice does not immediately affect the listing or trading of the company’s common stock on the Nasdaq Capital Market, and the company expects to regain compliance in the near future.
The delay stems from additional work needed to evaluate participation agreements under Accounting Standards Codification Topic 860 and to complete the related financial statement disclosures. Broadway Financial has 60 days from August 21, 2025 to submit a plan to regain compliance, and Nasdaq may allow up to February 16, 2026 to file the 10-Q if the plan is accepted. The company plans to file the Form 10-Q as promptly as reasonably practicable and has issued a press release describing the notice.