BROADWAY FINANCIAL CORP \DE\

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.

Broadway Financial Corporation reported second quarter 2026 results, with net income attributable to common stockholders at $218 thousand, or $0.02 per diluted common share. The company demonstrated strong operational performance with pre-provision net revenue increasing 82.2% quarter-over-quarter to $3.0 million. Balance sheet growth was robust, as total loans increased 10.8% and total deposits grew 21.5% during the first six months of 2026, providing capacity for customer and community support.

Broadway Financial Corporation held its Annual Meeting of Stockholders on June 17, 2026. Stockholders elected three nominees to the Board of Directors, ratified Crowe LLP as the independent registered public accounting firm for fiscal year 2026, and approved the company's executive compensation on an advisory basis. Additionally, stockholders voted for an annual frequency for future advisory votes on executive compensation, which the company has adopted. A presentation from the annual meeting was also furnished.

Broadway Financial Corporation announced the appointment of Tina Carew as Executive Vice President, Chief Legal Officer, and Corporate Secretary, effective June 17, 2026. Ms. Carew, a financial services veteran with 29 years of experience, will be responsible for overseeing the company's corporate governance framework, regulatory disclosure strategies, and board advisory operations. Her appointment is expected to strengthen the company's leadership in navigating regulatory demands and supporting its long-term growth strategy.

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.

Broadway Financial Corporation announced revised results for the first quarter of 2026, correcting an error in the calculation of interest on loans. The company reported consolidated net income before preferred dividends of $1.2 million, or $0.13 per diluted share, a significant improvement from a $2.7 million loss in Q1 2025. Net income attributable to common stockholders was $409 thousand, or $0.05 per diluted share, reversing a $3.4 million loss year-over-year. The company also achieved strong growth in loans and deposits, and eliminated $72.0 million in borrowings.

Broadway Financial Corporation announced its Annual Meeting of Stockholders will be held virtually on Wednesday, June 17, 2026, at 10:00 a.m. PDT. Stockholders will vote on the election of three directors, the advisory ratification of Crowe LLP as the independent auditor, and advisory votes on executive compensation and its frequency. The record date for voting is April 23, 2026.

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.