Broadway Financial Corporation · NASDAQ:BYFC
Broadway Financial — Shareholder Meeting (June 2025)
24 slides from Broadway Financial's shareholder meeting presentation, Jun 30, 2025
Slide 1: Annual Meeting of Stockholders
June 30, 2025 Annual Meeting of Stockholders
Slide 2: Cautionary Forward-Looking Statements
Cautionary Forward-Looking Statements This presentation is for informational purposes only and does not purport to include a complete discussion of the topics mentioned and should not be relied upon as a basis for making an investment decision in the Company’s securities. This presentation also incl
Slide 3: Agenda
Agenda 1. About Broadway Financial Corporation Executive Management Team Who We Are Our Differentiated Purpose Our Business Strategy Our Shared Values 2. 2024 Financial Performance Key Balance Sheet & Margin Metrics Loan & Deposit Composition Capital & Liquidity Key Profitability &
Slide 4: About Broadway Financial Corporation
About Broadway Financial Corporation
Slide 5: City First Executive Management Team
City First Executive Management Team Brian Argrett Zack Ibrahim John Allen President & Chief Financial Chief Banking CEO Officer Officer 35+ Years of 20+ Years of 30+ Years of Experience Experience Experience CEO of City First Former Head of Former Regional Bank prior to the Corporate Fi
Slide 6: Who We Are
Who We Are | Leading US African-American Led Minority Depository Institution (MDI) An MDI and Community Development Financial Institution (CDFI) with bicoastal footprint in Washington, D.C. and Los Angeles Over $1.3 billion in assets as of December 31, 2024 | Market Leader in Mission Focused B
Slide 7: Our Differentiated Purpose
Our Differentiated Purpose | Broadway is one of two publicly traded Public Benefit Corporations in _the financial services industry “[T]he corporation and its subsidiaries will focus on the low-and-moderate-income** . . . communities served in ways that are efficient and profitable, that increase a
Slide 8: Our Business Strategy
Our Business Strategy | Targeted Geographic Markets District of Columbia, Baltimore, and their surrounding communities The California counties of Los Angeles, Ventura, Riverside, Orange, San Diego, San Bernardino and Santa Barbara | Targeted Lending Customer Segments Multi-Family Affordable ■ F
Slide 9: Our Shared Values
Our Shared Values | We Put Our Customers and Community FIRST We offer solutions designed to meet their financing needs and overcome historic and current barriers to access banking products and services | We think BIG We push ourselves to create solutions that aim to deliver finance as a tool for
Slide 10: 2024 Financial Performance
2024 Financial Performance
Slide 11: Key Balance Sheet & Margin Metrics
Key Balance Sheet & Margin Metrics | Gross Loans ($’MM) | Deposits ($’MM) | Loan to Deposit Ratio 975 745 130.06% 131.07% 887 683 Dec-23 Dec-24 Dec-23 Dec-24 Dec-23 Dec-24 Cost of Funds1 FY 2023 FY 2024 2.15% 3.16% | Interest Income ($’M) | Interest Expense ($’M) | Net Interest Margin % 30,440 17,76
Slide 12: Loans & Deposits Composition
Loans & Deposits Composition | Gross Loans | Gross Loans Dec-23: $887MM Dec-24: $975MM $78 MM $7 MM $72 MM $6 MM 9% 1% 7% 1% $111 MM $88 MM 11% 10% 10.0% $713 MM $787 MM 80% 81% | Total Deposits | Total Deposits Dec-23: $683MM Dec-24: $745MM $108 MM $105 MM 16% 14% $168 MM $213 MM 25% 29% $115 MM 9.
Slide 13: Capital and Liquidity
Capital and Liquidity Abundant capital and liquidity capacity enhances flexibility | Total Capital ($’M) | Highlights 14.97% City First Bank remains well capitalized as 13.96% evidenced by a Community Bank Leverage Ratio (CBLR) of 13.96%, well above the 281,903 285,157 regulatory minimum of 9.00%
Slide 14: Key Profitability & Capital Metrics
Key Profitability & Capital Metrics | Adj. Net Income ($M)1 | Adj. ROAA1 | Adj. ROE1 1.62% 4,514 0.37% 1.11% 0.23% 3,157 FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 GAAP Net Income FY 2023 FY 2024 4,514 1,926 | Adj. Efficiency Ratio1 | CBLR % | Non-Accrual as a % _of Gross Loans 84.5% 14.97% 78.
Slide 15: 2024 Key Financial Achievements
2024 Key Financial Achievements | Grew Deposits by 9.2% YoY Total Deposits increased $63MM from $683MM in 2023 to $745MM in 2024 | Increased Gross Loans 10.0% YoY Gross Loans increased $88MM from $887MM in 2023 to $975MM in 2024 | Controlled Loan to Deposit Ratio (LTD) Decreased LTD from a hig
Slide 16: Key Strategic Decisions Enhancing Future Earnings
Key Strategic Decisions Enhancing Future Earnings | Strategic Product Exit Strategically exited our lower margin, broker led, transactional multi-family product in California due to market conditions | Relationship Banking Model Reinforcement Executed and prioritized a strong pivot to community-
Slide 17: 2024 Impact Performance
2024 Impact Performance | Access to Affordable Housing $132MM lent in low-to-moderate income communities $82MM in loans for affordable housing 942 units of affordable housing created or preserved | Access to Community Services $49MM in loans to not-for-profits supporting an additional 1,923
Slide 18: Community Impact Through Banking
Community Impact Through Banking | Borrower: | Location: Los Banos, California | Amount: Total Loan: $14.5MM; City First Bank: $8.7MM | Purpose: The source loan is part of the capital structure that uses NMTC financing to construct a new health clinic in California’s Central Valley | Impact: With he
Slide 19: 2025 Areas of Strategic Focus
2025 Areas of Strategic Focus
Slide 20: 2025 Areas of Strategic Focus
2025 Areas of Strategic Focus Strategic Focus Action Grow core deposits to improve diversification of Drive Deposit Growth funding and overall cost of funds Drive run rate expense reduction to help curtail Contain Expense Growth the trajectory of our annual expense growth Diversify our loan portfoli
Slide 21: Demonstrated Strengths
Demonstrated Strengths | Leadership Exceptionally strong leadership team with average banking experience of 25 years | Legacy & Impact Strong organizational foundation based on mission driven values and targeted capital deployment prioritizing tangible community impact | Capital & Liquidity St
Slide 22: Thank You
Thank You BROADWAY FINANCIAL CORPORATION
Slide 23: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures
Slide 24: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Financial Metric FY 2023 FY 2024 Net Income Attributable to Broadway Financial Corporation 4,514 1,926 Add: One Time Expenses, net of tax - 1,231 Adj. Net Income 4,514 3,157 Average Assets 1,231,624 1,377,185 Return on Average Assets (ROAA) 0.37% 0.14% Adj. ROA