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BROADWAY FINANCIAL CORP \DE\
BYFCCIK 0001001171NasdaqNon-AcceleratedSmaller ReportingSavings Institution, Federally CharteredDelawareFY ends Dec 31
Period
FY 2025
Revenue
$184.0K
Net Income
$-24.80M
Total Assets
$1.35B
Equity
$262.75M
Shares Out
6.15M
Op. Cash Flow
$230.0K
Business
Broadway Financial Corporation is a bank holding company operating City First Bank, a community development financial institution serving historically excluded communities in Southern California and Washington, D.C. The bank originates and purchases loans secured by multifamily residential properties, commercial real estate, single-family homes, and construction projects, along with commercial and SBA-guaranteed loans. Revenue derives from interest income on loans and securities investments.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans receivable | 53 | 51 | 37 | 29 | 23 | |
| Interest on available-for-sale securities | 6 | 7 | 9 | 6 | 1 | |
| Other interest income | 2 | 6 | 1 | 2 | 525,000 | |
| Total interest income | 61 | 64 | 47 | 36 | 25 | |
| Interest on deposits | 20 | 13 | 8 | 2 | 2 | |
| Interest on borrowings | 8 | 19 | 10 | 1 | 2 | |
| Total interest expense | 28 | 32 | 18 | — | — | |
| Net interest income | 33 | 32 | 29 | 33 | 21 | |
| Provision for credit losses | 2 | 660,000 | 933,000 | 997,000 | — | |
| Net interest income after provision for credit losses | 31 | 31 | 29 | 32 | 21 | |
| Service charges | 184,000 | 155,000 | 179,000 | 145,000 | 249,000 | |
| Grants | 275,000 | 280,000 | 4 | 0 | 2 | |
| Other | 1 | 1 | 1 | 1 | 922,000 | |
| Total non-interest income | 2 | 2 | 5 | 1 | 3 | |
| Compensation and benefits | 19 | 18 | 16 | 14 | 16 | |
| Occupancy expense | 2 | 2 | 2 | 2 | 2 | |
| Information services | 3 | 3 | 3 | 3 | 4 | |
| Professional services | 3 | 3 | 3 | 3 | 4 | |
| Supervisory costs | 687,000 | 785,000 | 613,000 | 413,000 | 493,000 | |
| Corporate insurance | 271,000 | 234,000 | 245,000 | 231,000 | 345,000 | |
| Amortization of core deposit intangible | 315,000 | 336,000 | 390,000 | 435,000 | 393,000 | |
| Operational loss | 100,000 | 0 | — | — | — | |
| Goodwill impairment | 26 | 0 | — | — | — | |
| Other | 3 | 3 | 3 | 2 | 2 | |
| Total non-interest expense | 57 | 30 | 27 | 25 | 29 | |
| (Loss) Income before income taxes | −24 | 3 | 7 | 8 | −5 | |
| Income tax expense | 338,000 | 815,000 | 2 | 2 | −937,000 | |
| Net (loss) income | −25 | 2 | 5 | 6 | −4 | |
| Less: Net (loss) income attributable to non-controlling interest | −13,000 | 25,000 | 24,000 | 70,000 | 101,000 | |
| Net (loss) income attributable to Broadway Financial Corporation | −25 | 2 | 5 | 6 | −4 | |
| Less: Preferred stock dividends | 3 | 2 | 0 | — | — | |
| Net (loss) income attributable to common stockholders | −28 | 362,000 | 5 | — | — | |
| Unrealized gains on securities available-for-sale arising during the period | 7 | 3 | 6 | −24 | −998,000 | |
| Income tax effect | 2 | 930,000 | 2 | −7 | −283,000 | |
| Other comprehensive income, net of tax | 5 | 2 | 4 | −17 | −715,000 | |
| Comprehensive (loss) income | −23 | 3 | 8 | −11 | −5 | |
| (Loss) Earnings per common share-basic (in dollars per share) | −3.23 | 0.04 | 0.52 | 0.62 | −0.07 | |
| (Loss) Earnings per common share-diluted (in dollars per share) | −3.23 | 0.04 | 0.51 | 0.62 | −0.07 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 2 | 2 | 5 | 7 | 38 | |
| Interest-bearing deposits in other banks | 9 | 59 | 100 | 9 | 193 | |
| Cash and cash equivalents | 11 | 61 | 105 | 16 | 232 | |
| Securities available-for-sale, at fair value (amortized cost of $265,371 and $219,658) | 257 | 204 | 317 | 329 | 156 | |
| Loans receivable held for investment, net of allowance of $9,424 and $8,364 | 1,017 | 1,000 | 880 | 768 | 649 | |
| Accrued interest receivable | 6 | 5 | 5 | 4 | 3 | |
| Federal Home Loan Bank (FHLB) stock | 4 | 10 | 10 | 6 | 3 | |
| Federal Reserve Bank (FRB) stock | 4 | 4 | 4 | 5 | 693,000 | |
| Office properties and equipment, net | 9 | 9 | 9 | 10 | 10 | |
| Bank owned life insurance | 24 | 3 | 3 | 3 | 3 | |
| Deferred tax assets, net | 7 | 9 | 10 | 12 | 6 | |
| Core deposit intangible, net | 1 | 2 | 2 | 3 | 3 | |
| Goodwill | 0 | 26 | 26 | 26 | 26 | |
| Other assets | 7 | 3 | 4 | 3 | 2 | |
| Total assets | 1,346 | 1,335 | 1,375 | 1,184 | 1,094 | |
| Deposits | 918 | 745 | 683 | 687 | 788 | |
| Securities sold under agreements to repurchase | 81 | 67 | 74 | 64 | 52 | |
| Borrowings | 72 | 227 | — | — | — | |
| Accrued expenses and other liabilities | 12 | 11 | 14 | 12 | 12 | |
| Total liabilities | 1,083 | 1,050 | 1,093 | 905 | 952 | |
| Additional paid-in capital | 143 | 143 | 143 | 144 | 140 | |
| (Accumulated deficit) retained earnings | −15 | 13 | 13 | 9 | 4 | |
| Unearned Employee Stock Ownership Plan (ESOP) shares | −4 | −4 | −5 | −1 | −829,000 | |
| Accumulated other comprehensive loss, net of tax | −6 | −11 | −14 | −17 | −551,000 | |
| Treasury stock-at cost, 327,228 shares at December 31, 2025 and at December 31, 2024 | −5 | −5 | −5 | −5 | −5 | |
| Total Broadway Financial Corporation and Subsidiary stockholders' equity | 263 | 285 | 282 | 279 | 141 | |
| Non-controlling interest | 206,000 | 219,000 | 194,000 | 170,000 | 100,000 | |
| Total liabilities and equity | 1,346 | 1,335 | 1,375 | 1,184 | 1,094 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 410,000 | 424,000 | 385,000 | 376,000 | — | |
| Net change of deferred loan origination costs | 531,000 | 641,000 | 413,000 | 229,000 | −229,000 | |
| Net accretion of premiums and discounts on available-for-sale securities | −387,000 | −807,000 | −1 | −225,000 | 643,000 | |
| Accretion of purchase accounting marks on loans | −253,000 | −424,000 | −235,000 | −831,000 | — | |
| Accretion of premium on FHLB advances | 0 | −9,000 | −23,000 | — | — | |
| ESOP compensation expense | 149,000 | 188,000 | — | 66,000 | 109,000 | |
| Earnings on bank owned life insurance | −342,000 | −46,000 | −42,000 | −43,000 | −43,000 | |
| Deferred tax assets | 27,000 | −194,000 | 1 | 1 | −1 | |
| Accrued interest receivable | −998,000 | −63,000 | −965,000 | −601,000 | −533,000 | |
| Other assets | −4 | 1 | −677,000 | −995,000 | 908,000 | |
| Accrued expenses and other liabilities | 1 | −3 | 2 | −461,000 | 3 | |
| Net cash provided by operating activities | 230,000 | 1 | 8 | 6 | 624,000 | |
| Net change in loans receivable held for investment | −19 | −89 | −115 | −120 | −63 | |
| Principal payments and maturities of available-for-sale securities | 105 | 117 | 18 | 19 | 19 | |
| Purchases of available-for-sale securities | −150 | 0 | 0 | −216 | −17 | |
| Purchase of FHLB stock | −16 | −14 | −13 | −5 | −152,000 | |
| Proceeds from redemption of FHLB stock | 21 | 14 | 9 | 2 | 1 | |
| Purchases of bank owned life insurance | −20 | 0 | — | — | — | |
| Purchase of office properties and equipment | −243,000 | −138,000 | −208,000 | −323,000 | −1 | |
| Net cash (used in) provided by investing activities | −79 | 28 | −100 | −324 | 25 | |
| Net change in deposits | 172 | 63 | −4 | −101 | 119 | |
| Net change in securities sold under agreements to repurchase | 14 | −7 | 10 | 12 | −8 | |
| Repayments of Bank Term Funding Program borrowing | 0 | −100 | 0 | — | — | |
| City First Bank Fund Manager II distribution | −170,000 | 0 | — | — | — | |
| Repayment of notes payable | 0 | −14 | 0 | — | — | |
| Dividends paid on ECIP preferred stock | −3 | −2 | 0 | −15,000 | −60,000 | |
| Proceeds from other borrowings | 0 | 3 | — | — | — | |
| Repayments of other borrowings | −31 | −3 | — | — | — | |
| Proceeds from FHLB advances | 956 | 339 | 456 | 96 | 5 | |
| Repayments of FHLB advances | −1,079 | −353 | −375 | −53 | −33 | |
| Net cash provided by (used in) financing activities | 28 | −74 | 182 | 102 | 110 | |
| Net change in cash and cash equivalents | −51 | −44 | 89 | −215 | 135 | |
| Cash paid for interest | 28 | 31 | 17 | 3 | 4 | |
| Cash paid for income taxes | 325,000 | 416,000 | 2 | 332,000 | 711,000 |
Filings
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Frequently asked questions
What is BROADWAY FINANCIAL CORP \DE\'s CIK number?
BROADWAY FINANCIAL CORP \DE\'s SEC CIK number is 0001001171 (1001171). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BROADWAY FINANCIAL CORP \DE\'s SEC filings?
All of BROADWAY FINANCIAL CORP \DE\'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BROADWAY FINANCIAL CORP \DE\ last report earnings?
BROADWAY FINANCIAL CORP \DE\ (BYFC) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-017451). This is BROADWAY FINANCIAL CORP \DE\'s most recent earnings filing of record — not a forecast of its next earnings date.
What is BROADWAY FINANCIAL CORP \DE\'s most recent earnings 8-K?
BROADWAY FINANCIAL CORP \DE\'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001140361-26-017451. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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