| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.04 | 0.0% | 0.0% |
| Total Income | 0.04 | 0.0% | 0.0% |
| Expenditure | -1.25 | 10.7% | 23.8% |
| PBT | 1.48 | 3.5% | 42.3% |
| Net Profit | 0.97 | 16.4% | 29.3% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.02 | 60.0% |
Broadway Financial Corporation Reports Q2 2026 Results with Strong Loan and Deposit Growth
29 Jul 2026 · 29 Jul, 1:57 am
Summary
Broadway Financial Corporation announced its second quarter 2026 results, highlighting strong loan and deposit growth alongside enhanced operating performance. The company reported net income attributable to common stockholders of $218 thousand for the quarter. Pre-provision net revenue saw a significant increase of 82.2% to $3.0 million, driven by a 10.8% rise in total loans and a 21.5% increase in total deposits during the first six months of the year. Net interest income grew by 4.8% sequentially, while non-interest income surged by 61.3%, bolstered by a loan fee related to the New Market Tax Credit allocation. Management noted disciplined expense management, with non-interest expenses decreasing by 6.7% quarter-over-quarter.
Key Highlights
- 1
Broadway Financial Corporation reported net income attributable to common stockholders of $218 thousand for the second quarter of 2026.
- 2
Pre-provision net revenue increased 82.2%, or $1.4 million, to $3.0 million from $1.6 million in the prior quarter.
- 3
Total loans increased $110.0 million, or 10.8%, during the first six months of 2026.
- 4
Total deposits increased $197.0 million, or 21.5%, during the first six months of 2026.
- 5
Net interest income totaled $9.5 million for the second quarter of 2026, an increase of $437 thousand, or 4.8%, from the first quarter of 2026.
- 6
Non-interest income increased by $361 thousand, or 61.3%, to $950 thousand for the second quarter of 2026 compared to the first quarter of 2026.
- 7
Non-interest expense decreased by $539 thousand, or 6.7%, to $7.5 million for the second quarter of 2026 compared to the first quarter of 2026.
Management Comments
Brian Argrett
Our second quarter results reflect continued progress in executing our growth strategy while maintaining a disciplined approach to credit, capital, and liquidity management. During the first six months of 2026, total loans increased $110.0 million, or 10.8%, and total deposits increased $197.0 million, or 21.5%, providing additional capacity to support our customers and communities. Operating performance continued to improve during the quarter, with pre-provision net revenue increasing 82.2% to $3.0 million, reflecting the benefits of balance sheet growth and disciplined expense management. The diversification and growth of our funding base supported strong loan growth while maintaining a solid liquidity position. Credit quality remains a key area of focus for management. During the quarter, we established a specific reserve on a non-accrual loan, which increased provision expense. This action reflects our disciplined approach to risk management, while overall portfolio performance remained stable and our capital position continues to provide significant capacity to absorb potential losses. I would like to thank our employees, customers, stockholders, and community partners for their continued trust and support as we work to create long-term value for all stakeholders.
Informational and educational content only. Not investment advice.