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BYFC

Broadway Financial Corporation

BYFC

Broadway Financial Corporation • NASDAQ
$6.26 ▼ -1.57% (-0.10)
Market Cap $57.57 M
52w High $9.46
52w Low $5.71
Dividend Yield 0%
P/E -21.59
Volume 1.82K
Outstanding Shares 9.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 ▼ $0 ▼ $0 ▲ 0% ▲ $-0.017 ▲ $0 ▲
Q1-2025 $14.662M ▼ $10.197M ▲ $-1.858M ▼ -12.672% ▼ $-0.3 ▼ $-2.372M ▼
Q4-2024 $16.321M ▼ $7.21M ▼ $1.299M ▲ 7.959% ▲ $0.06 ▲ $1.841M ▲
Q3-2024 $16.582M ▲ $7.594M ▲ $522K ▲ 3.148% ▲ $-0.027 ▼ $1.012M ▲
Q2-2024 $15.761M $7.28M $269K 1.707% $0.031 $664K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $0 ▼ $1.227B ▼ $941.637M ▼ $285.545M ▲
Q1-2025 $93.835M ▼ $1.238B ▼ $953.222M ▼ $284.581M ▼
Q4-2024 $146.323M ▼ $1.304B ▼ $1.018B ▼ $285.157M ▼
Q3-2024 $335.568M ▼ $1.373B ▲ $1.086B ▲ $286.392M ▲
Q2-2024 $351.267M $1.367B $1.085B $282.293M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $603K ▲ $0 ▲ $0 ▼ $0 ▲ $-15.794M ▲ $0 ▲
Q1-2025 $-1.809M ▼ $-4.348M ▼ $22.332M ▼ $-63.555M ▲ $-45.571M ▼ $-4.363M ▼
Q4-2024 $1.319M ▲ $-2.842M ▼ $30.95M ▲ $-63.822M ▼ $-35.714M ▼ $-2.851M ▼
Q3-2024 $544K ▲ $6.116M ▼ $554K ▼ $596K ▲ $7.266M ▼ $6.087M ▼
Q2-2024 $271K $9.783M $20.158M $-7.25M $22.691M $9.738M

Five-Year Company Overview

Income Statement

Income Statement Broadway Financial is a small, mission-focused bank with a modest revenue base that has generally trended upward over the last five years. Profitability has been inconsistent: the bank moved from losses in 2020 to a period of better earnings around 2022, but results have since flattened out and recent net income is close to breakeven. Earnings per share have been quite volatile, reflecting both swings in performance and capital structure changes. Overall, this is a bank that appears to be stabilizing after a choppy period, but it is not yet showing a long record of steady, growing profits.

Balance Sheet

Balance Sheet The balance sheet shows a bank that has grown in size while gradually improving its capital foundation. Total assets have expanded meaningfully from earlier years, suggesting a larger lending and deposit footprint. Shareholders’ equity has also increased over time, indicating a stronger capital buffer than in the past, which is important for a regulated institution. Debt funding rose as the bank grew and then eased back from its recent peak, which points to some active balance sheet management. Cash levels have moved around from year to year, but there is no obvious sign of severe liquidity stress in the presented data. Overall, the bank looks larger and somewhat more solid than it did five years ago, but it still operates on a relatively small scale.

Cash Flow

Cash Flow Cash generation from operations has been modest but generally positive in recent years, after a weak year in 2020. Since capital spending is very low, operating cash flow and free cash flow are essentially the same, which simplifies the picture: when the core banking activity works, the bank produces cash; when conditions are tougher, that cushion gets thin. The absence of heavy investment outlays suggests management is focused on maintaining and upgrading existing capabilities rather than large physical expansion. The cash flow profile fits a niche community bank: relatively stable most of the time, but with limited room for error if credit quality or funding costs deteriorate.

Competitive Edge

Competitive Edge Broadway’s competitive strength is less about scale or cutting-edge technology and more about its specialized role as a Community Development Financial Institution and Minority Depository Institution. It serves low- to moderate-income and minority communities, particularly Black communities in Los Angeles and Washington, D.C., with a long history and strong local relationships. This mission focus gives the bank access to specialized funding programs, community-based partnerships, and a customer base that values its presence and purpose. In a regional banking landscape dominated by larger players, Broadway’s niche in affordable housing, nonprofit, and small business lending helps differentiate it, though its small size limits its ability to compete on price and product breadth with mainstream banks.

Innovation and R&D

Innovation and R&D The bank is not a technology pioneer, but it has invested in modernizing its digital banking platform, mainly through partnerships with established fintech providers rather than building tools from scratch. Its innovation is more strategic than technical: developing specialized loan products for affordable housing, nonprofits, faith-based organizations, and small businesses, as well as green lending initiatives. These offerings are designed to deepen community impact rather than chase mass-market growth. Future innovation is likely to revolve around incremental digital improvements, new community development programs, and potential expansion into similar urban markets, rather than radical new products or disruptive technology.

Summary

Broadway Financial is a mission-driven, community-focused regional bank that has grown its balance sheet and capital base over the past five years but has yet to establish a long, smooth track record of strong profitability. Its financial profile shows modest revenue, thin and sometimes volatile earnings, and moderate but generally positive cash generation. The real core of its story lies in its role as a leading Black-led community development bank with deep roots in underserved neighborhoods and a lending portfolio geared toward affordable housing and community institutions. While it lacks the scale and technological edge of larger banks, its niche positioning, regulatory designations, and relationship capital create a distinct place in the market, with performance highly tied to its ability to manage credit risk, funding costs, and community-driven growth over time.

NEWS

November 25, 2025 · 4:15 PM UTC

Broadway Financial Corporation Announces Notification from Nasdaq Regarding Late Filing of Form 10-Q

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October 20, 2025 · 12:06 PM UTC

City First Bank Appoints Justin Jennings as Executive Vice President, Chief Deposit Officer

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