Quarterly ResultAug 13, 2026, 12:19 PM
Broadway Financial Q2 EPS $0.02; 6M Net Income $2.13M
AI Summary
Broadway Financial Corporation reported a strong financial performance for the second quarter and first half of 2026. The company achieved a net income attributable to common stockholders of $218k for Q2 2026 and $627k for the six months ended June 30, 2026, marking a significant improvement from the prior year's loss. Total assets grew by 16.2% to $1.56 billion, driven by a 21.5% increase in deposits and a 10.8% rise in loans receivable. The company also updated its accounting methodology for Allowance for Credit Losses (ACL) from the WARM method to a Discounted Cash Flow (DCF) method.
Key Highlights
- Net income attributable to common stockholders for six months ended June 30, 2026 was $627k, a significant turnaround from a loss of $(3,437)k in 2025.
- Net income attributable to common stockholders for Q2 2026 was $218k, up from $2k in Q2 2025.
- Basic EPS for six months ended June 30, 2026 was $0.07, compared to $(0.39) in 2025.
- Total assets increased 16.2% to $1.56 billion as of June 30, 2026, from $1.35 billion at December 31, 2025.
- Deposits grew 21.5% to $1.11 billion as of June 30, 2026, from $917.6 million at December 31, 2025.
- Loans receivable held for investment, net, increased 10.8% to $1.13 billion as of June 30, 2026.
- Net interest income for Q2 2026 rose 22.4% to $9.49 million, from $7.76 million in Q2 2025.
- Company transitioned its Allowance for Credit Losses (ACL) measurement from WARM to a Discounted Cash Flow (DCF) method.
Price Impact
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