Broadway Financial Corporation · NASDAQ:BYFC
Broadway Financial — Q1 2026 Earnings Presentation
22 slides from Broadway Financial's earnings presentation, Jun 3, 2026
Slide 1: First Quarter 2026 Earnings Presentation
June 3, 2026 First Quarter 2026 Earnings Presentation
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: Corporate Overview & Geographic Footprint
Corporate Overview & Geographic Footprint In 2021, Broadway Financial Corporation (BYFC) located in Los Angeles, CA completed a merger with CFBanc Corporation located in | Branch and Corporate Office Locations Washington, D.C., with BYFC continuing as the surviving entity BYFC proudly serves com
Slide 4: Value Proposition
Value Proposition Values Based Mission Vision Banking To support and strengthen City First is: We put our customers and underserved communities A Different Kind of Bank. Communities FIRST through the provision of high- One that leads with purpose, We think BIG quality banking and other operates
Slide 5: Our Shared Values
Our Shared Values We put our customers and communities FIRST We offer products and services designed to meet our customers’ financing needs and overcome systemic barriers to access banking. We think BIG We push ourselves to create solutions that deliver finance as a tool for economic justice as scal
Slide 6: Banking on Impact 2021 - 2025
Banking on Impact 2021 - 2025 We are singularly focused on the economic empowerment of our customers and communities. We aim for at least 70% of our lending to align with our mission and at least 60% to serve low-income communities. During the period covered by this report (2021-2025), we surpassed
Slide 7: Strategic Repositioning | Business Line Pivot
Strategic Repositioning | Business Line Pivot Identified structural challenges in 2024: Legacy wholesale multifamily lending became unprofitable due to rising interest rate environment, liquidity constraints, and competitive pressures; drove elevated Commercial Real Estate (CRE) concentration with
Slide 8: Long-term Strategic Intent (2026-2030 Strategic Plan)
Long-term Strategic Intent (2026-2030 Strategic Plan) Our strategic intent is to be recognized as the national market leader in high-impact, mission-driven business banking solutions with focus on Commercial and Industrial (C&I), CRE, and Small Business Lending. We leverage our relationship managers
Slide 9: Executive Management Team
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 Finance at Ba
Slide 10: Stock Price & Valuations
Stock Price & Valuations | Stock Price ($) 7.40 7.25 7.26 7.26 7.17 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 | Stock Valuation ($) 14.47 14.65 11.48 11.66 12.17 12.00 12.28 12.12 12.10 11.95 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Book Value/ Share ($) Tangible Book Value/ Share ($) Price/BV Per Share 50% 49%
Slide 11: First Quarter 2026 GAAP Financial Highlights
First Quarter 2026 GAAP Financial Highlights | Net Income ($MM) | Total Gross Loans ($MM) | Total Deposits ($MM) 1.0 1.1 1,073 1,069 918 777 1,026 1,002 (2.7) 2025Q1 2025Q4 2026Q1 2025Q1 2025Q4 2026Q1 2025Q1 2025Q4 2026Q1 | Community Bank Leverage | Net Interest Margin (%) | ROAA (%) _Ratio (%) 14.7
Slide 12: Key Financial Highlights
Key Financial Highlights Actuals Actuals Actuals ▲ vs ▲ vs Key Financial Highlights Q1 '26 Q4 '25 Q1 '25 Pr Qtr Pr Yr Balance Sheet ($MM) Gross Loan Balances $1,069 $1,026 $1,002 4% 7% Deposit Balances $1,073 $918 $777 17% 38% Investment Balance $284 $257 $186 11% 53% Total Assets $1,426 $1,346 $1,2
Slide 13: Deposits & Borrowings Portfolios
Deposits & Borrowings Portfolios | Total Deposits ($MM) & Loan to Deposit | FHLB & Repos ($MM) 129.0% 123.5% 120.5% 111.8% 99.6% 2025 2025 2025 2025 2026 Q1 Q2 Q3 Q4 Q1 1,073 849 918 FHLB 78.0 60.0 107.5 72.0 0.0 777 799 Repos 80.8 63.8 76.1 80.8 81.2 Total 158.8 123.8 183.6 152.8 81.2 2025Q1 2025Q2
Slide 14: Loan Portfolio
Loan Portfolio | Total Gross Loans ($MM) | Loan Yields2 % 1,069 1,023 1,026 5.30% 5.36% 5.19% 1,002 987 5.20% 5.17% 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 | Loan Composition % | Highlights Other Purchased 1 Loans (GGL) 2% YoY total loans have increased by $67MM or 11
Slide 15: Investment Securities
Investment Securities | Investment Portfolio Composition Unrealized Type % of Portfolio Book Yield Book Value ($M)1 Market Value ($M) Gain/Loss ($M) MBS (Fixed) 50% 3.76% 146,254 139,109 (7,145) CMO (Float) 21% 4.76% 58,991 58,900 (91) CMO (Fixed) 9% 4.28% 27,577 26,952 (625) Agency (Fixed) 6% 1.42%
Slide 16: Asset Quality
Asset Quality | Provision for Credit Losses ($MM) and | NPAs ($MM) and NPAs/Assets (%) _Provision / Gross Loans (Annualized %) 1.01% 0.77% 0.83% 0.80% 0.26% 1.9 0.08% 0.44% 0.02% 0.40% 0.7 13.5 (0.18%) 0.2 11.2 11.5 0.0 5.1 5.4 (0.5) 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 202
Slide 17: Net Interest Income
Net Interest Income | Net Interest Income ($MM) and Net Interest Margin (%) | Interest Expense ($MM) and Cost of Funds (%)1 2.75% 3.11% 2.72% 3.06% 3.07% 3.06% 2.63% 2.62% 2.91% 2.58% 7.6 8.7 9.1 8.6 7.2 7.2 8.0 7.8 6.8 6.6 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Net In
Slide 18: Non-Interest Expense
Non-Interest Expense | Adjusted Non-Interest Expense ($MM)1 | Adjusted Efficiency Ratio (%)1 99% 8.3 8.2 93% 8.0 87% 83% 80% 7.5 7.3 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 | NIE Breakout by Category (GAAP) ($M) 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 QoQ Cha
Slide 19: Capital & Liquidity
Capital & Liquidity | Community Bank Leverage Ratio (%) | Liquidity Sources ($MM) 15.34% Source As of 3/31/26 Cash and Cash Equivalents 26.6 14.78% 14.56% Market Value of Unpledged Securities 188.3 14.09% 14.06% Available FHLB Advance Capacity 343.1 Available Fed Fund Lines of Credit 10.0 Total Esti
Slide 20: Appendix
Appendix
Slide 21: Quarterly Financial Highlights
Quarterly Financial Highlights END OF PERIOD DATE 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 BALANCE SHEET ($M) Total Net Loans 991,587 977,064 1,013,144 1,016,540 1,059,262 Total Securities 185,938 177,977 244,005 256,835 284,103 Total Assets 1,258,776 1,247,517 1,335,565 1,345,569 1,426,06
Slide 22: Reconciliation of Non-GAAP Information
Reconciliation of Non-GAAP Information Adj. Non-Interest Expense ($M) and Adj. Efficiency Ratio (%) 2026Q1 2025Q4 2025Q3 2025Q2 2025Q1 Non-Interest Expense 8,015 7,946 31,518 7,522 10,197 Operational Recovery (Loss) - 240 1,603 - (1,943) Goodwill Impairment - - (25,858) - - Adj. Non-Interest Expense