Broadway Financial Corporation · NASDAQ:BYFC
Broadway Financial — Shareholder Meeting (October 2021)
16 slides from Broadway Financial's shareholder meeting presentation, Oct 20, 2021
Slide 1: October 20, 2021 Annual Meeting of Stockholders
October 20, 2021 Annual Meeting of Stockholders
Slide 2: Cautionary Forward-Looking Statements
1 Cautionary Forward-Looking Statements This presentation is for informational purposes only and does not purport to be complete and should not be relied upon as a basis for making an investment decision in the Company’s securities. This presentation also includes “forward-looking statements” within
Slide 3: Historic Merger of Equals
2 HISTORIC MERGER OF EQUALS Largest African American-led Minority Depository Institution in the U.S.Merger of Equals with CFBanc Corporation completed on April 1, 2021 (the “Merger”)Bank Holding Company with 100%-owned sub, City First Bank, NA (“City First”), a nationally chartered bank serving urba
Slide 4: Merger Rationale
3 MERGER RATIONALE Strong value, impact, and business strategy alignmentCombined two OCC* regulated CDFI banks with complementary missions, founding principles, commercial credit emphasis, and market focusCombined entity has over 70% of lending in LMI communities and to minority-owned businesses and
Slide 5: Our Differentiated Purpose
4 OUR DIFFERENTIATED PURPOSE Broadway Financial Corporation is one of two publicly traded public benefit corporations in the financial services industry “The corporation will focus on the low- and moderate-income urban communities served in ways that are efficient and profitable, that increase acces
Slide 6: Our Business Strategy
5 OUR BUSINESS STRATEGY District of Columbia, Baltimore and their surrounding suburban communities, The counties of Los Angeles, Ventura, Riverside, Orange, San Diego, San Bernardino and Santa Barbara, California Multifamily Affordable Housing(investment & development) Nonprofit Finance(facilities &
Slide 7: Targeted Lending Customer Segments
6 TARGETED LENDING CUSTOMER SEGMENTS Multi-family affordable housingFocus on financing smaller multi-family properties with loans generally ranging from $500K to $5 million for properties with 5 – 25 units; Large banks have difficulty originating and servicing this segmentDemand is extremely high fo
Slide 8: Loan Portfolio Mix
LOAN PORTFOLIO MIX At 06/30/2021 (Total Loans $618.0) ($mms) @ $87.1; 14% © $53.6; 9% © $15.7; 2% ® $115.2; 19% @ $346.2; 56% ®@ Single-family residential @ Multi-family residential |@CRE, including construction |@Church @C&l and other 7 cityfirst BROADWAY
Slide 9: Deposit Mix
DEPOSIT MIX At 06/30/2021 (Total Deposits $705.0) ($mms) = $49,400;7% = 197,320; 28% @ 458,321; 65% m=Non-interest bearing deposits © mMMDA&savings = Certificates of deposit cityfirst BROADWAY
Slide 10: Strong Balance Sheet
9 STRONG BALANCE SHEET* $365 million of cash, cash equivalents, and securities0.1% in non-accrual loans as a percentage of total loans of $618 millionNo real estate owned from foreclosures 87.7% gross loans to deposit ratio73.4% core deposits ratio on total deposits of $705 million$143 million in to
Slide 11: Year to Date Growth
YEAR TO DATE GROWTH* 10 * Numbers and percentages based on actual balances at June 30, 2021 compared to pro forma consolidated balances at December 31, 2020 Total Assets Total Deposits Total Loans Cash, Equivalents & Securities Increased 16.5%, or over $52 million Increased 10.0%, or over $94 millio
Slide 12: Post Merger Financial Results
POST MERGER FINANCIAL RESULTS 11 $ in 000s
Slide 13: Values and Success Drivers
VALUES AND SUCCESS DRIVERS 12 We are intently focused on:Improved asset utilizationRevenue expansion through improved offeringsEnhanced resource aggregation (capital and deposit)Efficiencies and cost savings in consolidationFused operating culture aligned on mission and value drivers Economic justic
Slide 14: Go Forward Vision
13 GO FORWARD VISION Increase scale and expand impactWithin existing markets and potentially to other high potential urban marketsApplied for UST’s Emergency Capital Investment Program (“ECIP”) for up to $150MM in non-dilutive, low-cost Tier 1 perpetual preferred capital*Continuing to evaluate furth
Slide 15: Investment Platform for Impact Investors
14 INVESTMENT PLATFORM FOR IMPACT INVESTORS A leading national investment platform for impact investors and depositorsLargest African-American-led MDI in the U.S.Bicoastal footprint with operations in Washington, DC and Los AngelesOver $1 billion in depository assets at 6/30/21Growing with opportuni
Slide 16: Thank you for your continued trust, partnership, and support
Thank you for your continued trust, partnership, and support
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