Quarterly ResultJun 3, 2026, 04:22 PM
Broadway Financial Corp Q1 2026 Net Income $1.1M vs Loss Last Year
AI Summary
Broadway Financial Corporation (BYFC) released its first quarter 2026 financial results, showing a net income of $1.1 million, a significant turnaround from the prior year's loss. Total assets grew to $1.43 billion, with loans increasing to $1.07 billion and deposits surging by 38% year-over-year to $1.07 billion. Key performance metrics improved, including a higher Net Interest Margin of 2.75% and a positive Return on Average Assets of 0.12%. The company also highlighted strategic repositioning efforts to reduce Commercial Real Estate exposure and balance its portfolio for sustainable growth.
Key Highlights
- Broadway Financial Corporation reported Q1 2026 Net Income of $1.1 million, an increase from $1.0 million in Q4 2025 and a significant improvement from a net loss of ($2.7) million in Q1 2025.
- Total Assets grew 6% YoY to $1.43 billion as of March 31, 2026.
- Gross Loan Balances increased 7% YoY to $1.07 billion.
- Deposit Balances saw substantial growth, up 38% YoY to $1.07 billion.
- Net Interest Margin improved to 2.75% in Q1 2026 from 2.63% in Q1 2025.
- Return on Average Assets (ROAA) was 0.12% in Q1 2026, up from (1.08%) in Q1 2025.
- The Efficiency Ratio improved to 83% in Q1 2026 from 122% in Q1 2025.
Price Impact
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