Business
Broadway Financial Corporation Announces Revised Results of Operations for First Quarter 2025
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"), is announcing revised results of operations for the first quarter of 2025, which correct the results of operations reported in the Company's press release dated April 28, 2025 and are consistent with the financial information reported in the Company's Quarterly Report on Form 10-Q filed
About this update from Broadway Financial Corporation
[{"type":"text","content":"LOS ANGELES, July 29, 2025 /PRNewswire/ -- 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"), is announcing revised results of operations for the first quarter of 2025, which correct the results of operations reported in the Company's press release dated April 28, 2025 and are consistent with the financial information reported in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 24, 2025. ","length":664,"tagName":"p"},{"type":"image","alt":"Broadway Financial Corporation (PRNewsfoto/Broadway Financial Corporation)","displaySize":"","headline":null,"caption":"Broadway Financial Corporation (PRNewsfoto/Broadway Financial Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":116,"url":"https://media.zenfs.com/en/prnewswire.com/9a1119457208240228f5f27235916a6b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/k4Ge8aPz.5tivAN2gvL6PQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9a1119457208240228f5f27235916a6b","width":400,"height":116}},"href":"https://mma.prnewswire.com/media/2701198/Broadway_Financial_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company reported consolidated net loss before preferred dividends of $1.9 million, or ($0.21) per diluted share, for the first quarter of 2025, compared to consolidated net loss of $164 thousand, or ($0.02) per diluted share, for the first quarter of 2024. Net loss attributable to common stockholders was $2.6 million during the first quarter of 2025 after deducting preferred dividends of $750 thousand, compared to net loss attributable to common stockholders of $164 thousand for the first quarter of 2024. Diluted loss per common share was ($0.30) for the first quarter of 2025, compared to ($0.02) of loss per diluted common share for the first quarter of 2024. Diluted loss per common share for the first quarter of 2025 reflects preferred dividends of $0.09 per diluted common share.","length":807,"tagName":"p","attribs":{}},{"type":"text","content":"During the first quarter of 202...