Quarterly ResultApr 28, 2026, 04:27 PM
BYFC Q1 Net Income $1.6M; EPS $0.09; Loans +4.2%; Deposits +16.9%
AI Summary
Broadway Financial Corporation reported consolidated net income of $1.6 million, or $0.09 per diluted share, for Q1 2026, a significant improvement from a $2.7 million net loss in Q1 2025. Net income attributable to common stockholders increased 123.6% to $810 thousand. The company saw strong growth in total loans by 4.2% and total deposits by 16.9%, while also eliminating $72.0 million in borrowings.
Key Highlights
- Consolidated net income before preferred dividends was $1.6 million, up from a $2.7 million loss in Q1 2025.
- Diluted EPS before preferred dividends was $0.09 for Q1 2026, compared to ($0.39) for Q1 2025.
- Total loans increased 4.2%, or $42.7 million, during Q1 2026.
- Total deposits increased 16.9%, or $155.5 million, during Q1 2026.
- Net interest margin increased by 28 basis points to 2.91% for Q1 2026.
- Borrowings were reduced by $72.0 million (100%) to $0 at March 31, 2026.
- Non-interest expense decreased by $2.2 million, or 21.4%, to $8.0 million.