| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.04 | 0.0% |
| Total Income | 0.04 | 0.0% |
| Expenditure | -1.40 | 154.1% |
| PBT | 1.43 | 156.1% |
| Net Profit | 1.16 | 162.4% |
| OPM | — | |
| NPM | 100.00% | |
| EPS | 0.05 | 116.7% |
Broadway Financial Corporation Reports Q1 2026 Net Income of $1.6 Million
03 May 2026 · 3 May, 6:30 pm
Summary
Broadway Financial Corporation reported consolidated net income before preferred dividends of $1.6 million for Q1 2026, compared to a net loss of $2.7 million in Q1 2025. Net income attributable to common stockholders increased 123.6% to $810 thousand. Total loans increased by 4.2%, or $42.7 million, and total deposits increased by $155.5 million, or 16.9%. The net interest margin increased to 2.91% from 2.63% in the prior year.
Key Highlights
- 1
Broadway Financial Corporation reported consolidated net income before preferred dividends of $1.6 million, or $0.09 per diluted share, for the first quarter of 2026.
- 2
Net income attributable to common stockholders increased 123.6% to $810 thousand during the first quarter of 2026.
- 3
Total loans increased 4.2%, or $42.7 million, during the first quarter of 2026 compared to December 31, 2025.
- 4
Total deposits increased by $155.5 million, or 16.9%, during the first quarter of 2026 compared to December 31, 2025.
- 5
The net interest margin increased by 28 basis points to 2.91% for the first quarter of 2026, compared to 2.63% for the first quarter of 2025.
- 6
Borrowings were $0 at March 31, 2026 compared to $72.0 million at December 31, 2025, a reduction of $72.0 million, or 100%.
- 7
Net Interest Income totaled $9.6 million, representing an increase of $1.5 million, or 18.9%, from net interest income for the first quarter of 2025.
Management Comments
Brian Argrett
We are very pleased with our strong first quarter of 2026 results and continue to build on this positive momentum. Net income after preferred dividends increased 193.5% to $810 thousand compared to the quarter ended December 31, 2025, mainly driven by a 9.5% increase in net interest income from the prior quarter. Loans grew by $42.7 million, or 4.2%, and deposits increased by $155.5 million, or 16.9%, since December 31, 2025, reflecting continued customer growth and deposit inflows. During the quarter, we further strengthened the balance sheet by eliminating $72.0 million in borrowings, which reduced our cost of funds and contributed to a 28-basis-point improvement in the net interest margin to 2.91% compared to the prior quarter. We remain focused on building long-term relationships, maintaining a strong and flexible balance sheet while executing our mission-driven objectives. These priorities allow us to support our customers, local businesses, and low‑to‑moderate income communities while working to deliver sustainable, long‑term performance. As always, I thank our employees for their endless dedication and our stockholders, depositors, and Board of Directors for their ongoing support of our strategy and mission. Their commitment is essential to our efforts to enhance efficiency and drive disciplined growth.
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