BROADWAY FINANCIAL CORP \DE\ SEC Filings

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.

Driver John reported acquisition or exercise transactions in this Form 4 filing.

Broadway Financial Corporation director John Driver received an award of 2,675 shares of common stock on March 2, 2026. The unrestricted stock was issued under the company’s amended and restated 2018 Long Term Incentive Plan at a reported price of $7.85 per share, bringing his direct holdings to 9,211 shares.

Donovan Mary Ann reported acquisition or exercise transactions in this Form 4 filing.

Broadway Financial Corp director Mary Ann Donovan reported an equity award of common stock. She received 2,675 shares on March 2, 2026 at a reference price of $7.85 per share, issued as unrestricted stock under the Amended and Restated 2018 Long Term Incentive Plan. Following this grant, her direct holdings increased to 10,223 common shares, reflecting amounts already adjusted for a reverse stock split effective October 31, 2023.

Broadway Financial Corporation reported that EVP and Chief Credit Officer LaShanya Demetrice Washington acquired 6,480 shares of common stock as a restricted stock grant on March 2, 2026, at $7.85 per share. The award vests over four years under the company’s 2018 Long-Term Incentive Plan, bringing her direct holdings to 22,300 shares.

JOHNS MARIE C reported acquisition or exercise transactions in this Form 4 filing.

Broadway Financial Corporation director Marie C. Johns received an equity award of 2,675 shares of Common Stock on March 2, 2026. The award was granted at a price of $7.85 per share under the company’s amended and Restated 2018 Long Term Incentive Plan. Following this grant, Johns directly owns 10,223 shares of Broadway Financial common stock. A footnote explains that prior amounts were adjusted to reflect a reverse stock split effective October 31, 2023.