Business
Broadway Financial Corporation Announces Results of Operations for First Quarter 2026
LOS ANGELES, April 28, 2026--Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ: BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "City First Broadway"), reported consolidated net income before preferred dividends of $1.6 million, or $0.09 per diluted share, for the first quarter of 2026, compared to consolidated net loss before preferred dividends of $2.7 million, or ($0.39) per diluted share, for the first
About this update from Broadway Financial Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/4c4f422749c57e836d61149cc09a54b1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GQNKyoboCUYHnwjFXeB4Gg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--/https://media.zenfs.com/en/business-wire.com/4c4f422749c57e836d61149cc09a54b1","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/noQ2qOH3XAThJkeUcHTW4Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0/https://media.zenfs.com/en/business-wire.com/4c4f422749c57e836d61149cc09a54b1","width":1024,"height":512}},"lazy":false},{"type":"text","content":"LOS ANGELES, April 28, 2026--(BUSINESS WIRE)--Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ: BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "City First Broadway"), reported consolidated net income before preferred dividends of $1.6 million, or $0.09 per diluted share, for the first quarter of 2026, compared to consolidated net loss before preferred dividends of $2.7 million, or ($0.39) per diluted share, for the first quarter of 2025 representing improvement of $4.3 million.","length":624,"tagName":"p"},{"type":"text","content":"Net income attributable to common stockholders increased 123.6% to $810 thousand during the first quarter of 2026 after deducting preferred dividends of $750 thousand, compared to net loss attributable to common stockholders of $3.4 million for the first quarter of 2025 after deducting preferred dividends of $750 thousand. Diluted income per common share for the first quarter of 2026 reflects preferred dividends of $0.08 per diluted common share compared to $0.09 per diluted loss per common share for the first quarter of 2025.","length":532,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total loans increased 4.2%, or $42.7 million, during the first quarter of 2026 compared to December 31, 2025","length":108,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total deposits increased by $155.5 million, or 16.9%, during the first qua...