NASDAQ : BYFC
Broadway Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 11.46 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 101.68M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 54.75M | 53.05M | 50.54M | 38.77M | 28.73M | 22.83M |
| Interest Income on Investments | 11.35M | 8.23M | 13.40M | 10.09M | 7.54M | 1.92M |
| Total Interest Income | 66.10M | 61.28M | 63.95M | 48.86M | 36.27M | 24.75M |
| Interest Paid on Deposits | 23.83M | 19.93M | 13.18M | 7.51M | 2.10M | 1.68M |
| Interest Paid on Borrowings | 6.38M | 8.21M | 18.99M | 11.88M | 1.30M | 2.07M |
| Total Interest Expense | 30.21M | 28.14M | 32.18M | 19.40M | 3.41M | 3.75M |
| Net Interest Income | 35.89M | 33.15M | 31.77M | 29.46M | 32.86M | 21.00M |
| Other Non-Interest Income | 2.65M | 1.75M | 1.55M | 5.36M | 1.20M | 3.21M |
| Total Non-Interest Income | 2.65M | 1.75M | 1.55M | 5.36M | 1.20M | 3.21M |
| Revenues Before Loan Losses | 38.54M | 34.90M | 33.32M | 34.82M | 34.05M | 24.22M |
| Provision for Loan Losses | 2.41M | 2.19M | 660.00K | 1.20M | 997.00K | 176.00K |
| Revenue | 36.13M | 32.71M | 32.66M | 33.62M | 33.06M | 24.04M |
| Salaries and Employee Benefits | 17.71M | 18.21M | 16.97M | 15.26M | 14.02M | 15.48M |
| Occupancy Expenses | 1.79M | 1.79M | 1.62M | 1.56M | 1.40M | 1.30M |
| Amortization of Goodwill & Intangibles | 309.00K | 315.00K | 336.00K | 390.00K | 435.00K | 393.00K |
| Selling, General & Administrative | 7.49M | 7.57M | 7.83M | 7.22M | 7.10M | 9.30M |
| Other Non-Interest Expense | 1.80M | 3.43M | 3.14M | 2.93M | 1.98M | 2.45M |
| Total Non-Interest Expense | 29.10M | 31.32M | 29.89M | 27.36M | 24.94M | 28.93M |
| EBT Excluding Unusual Items | 7.03M | 1.39M | 2.77M | 6.26M | 8.12M | -4.89M |
| Pretax Income | -18.82M | -24.47M | 2.77M | 6.26M | 8.12M | -4.89M |
| Income Tax Expense | 1.74M | 338.00K | 815.00K | 1.91M | 2.41M | -937.00K |
| Earnings From Continuing Operations | -20.56M | -24.81M | 1.95M | 4.35M | 5.71M | -3.95M |
| Minority Interest in Earnings | -167.00K | 13.00K | -25.00K | -24.00K | -70.00K | -101.00K |
| Net Income | -20.73M | -24.80M | 1.93M | 4.33M | 5.64M | -4.05M |
| Preferred Dividends & Other Adjustments | 3.10M | 3.00M | 1.57M | 57.00K | 27.00K | 2.00K |
| Net Income to Common | -23.83M | -27.80M | 354.00K | 4.27M | 5.61M | -4.05M |
| Basic Shares Outstanding | 8.63M | 8.60M | 8.46M | 8.63M | 9.05M | 7.52M |
| Diluted Shares Outstanding | 8.63M | 8.60M | 8.64M | 8.74M | 9.10M | 7.52M |
| EPS (Basic) | -2.76 | -3.23 | 0.04 | 0.49 | 0.62 | -0.54 |
| EPS (Diluted) | -2.76 | -3.23 | 0.04 | 0.49 | 0.62 | -0.56 |
| Effective Tax Rate | 29.43% | 30.47% | 29.72% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.91M | 10.51M | 61.37M | 105.19M | 16.11M | 231.52M |
| Investment Securities | 74.33M | 72.95M | 130.78M | 226.83M | 228.48M | 77.08M |
| Trading Asset Securities | 203.00K | 105.00K | ||||
| Mortgage-Backed Securities | 252.70M | 183.89M | 73.09M | 90.12M | 100.27M | 79.32M |
| Total Investments | 327.23M | 256.94M | 203.86M | 316.95M | 328.75M | 156.40M |
| Gross Loans | 1.14B | 1.03B | 1.01B | 920.01M | 773.45M | 653.75M |
| Allowance for Loan Losses | -10.80M | -9.42M | -8.36M | -7.61M | -4.39M | -3.39M |
| Other Adjustments to Gross Loans | -1.00K | -95.00K | -348.00K | -772.00K | -1.01M | -1.84M |
| Net Loans | 1.13B | 1.02B | 999.96M | 911.63M | 768.05M | 648.51M |
| Property, Plant & Equipment | 8.78M | 10.23M | 9.32M | 9.19M | 10.29M | 10.34M |
| Goodwill | 25.86M | 25.86M | 25.86M | 26.00M | ||
| Other Intangible Assets | 1.31M | 1.46M | 1.77M | 2.11M | 2.50M | 2.94M |
| Accrued Interest Receivable | 6.75M | 6.00M | 5.00M | 4.94M | 3.97M | 3.37M |
| Long-Term Deferred Tax Assets | 7.31M | 6.71M | 8.88M | 9.62M | 11.87M | 6.10M |
| Other Long-Term Assets | 31.41M | 32.76M | 9.23M | 11.02M | 11.36M | 5.75M |
| Total Assets | 1.56B | 1.35B | 1.33B | 1.41B | 1.18B | 1.09B |
| Accrued Expenses | 10.23M | 10.41M | 10.10M | 13.51M | 11.50M | 12.44M |
| Interest Bearing Deposits | 1.11B | 706.67M | 606.97M | 682.63M | 656.72M | 547.50M |
| Institutional Deposits | 105.10M | 33.20M | 30.20M | 20.40M | ||
| Non-Interest Bearing Deposits | 105.83M | 105.23M | 220.15M | |||
| Total Deposits | 1.11B | 917.60M | 745.40M | 682.63M | 686.92M | 788.05M |
| Short-Term Borrowings | 82.13M | 80.88M | 66.61M | 73.47M | 63.47M | 51.96M |
| Current Portion of Long-Term Debt | 94.00M | 72.00M | 195.53M | |||
| Current Portion of Leases | 249.00K | |||||
| Long-Term Debt | 31.36M | 114.00M | 14.00M | 14.00M | ||
| Federal Home Loan Bank Debt, Long-Term | 240.76M | 128.34M | 85.95M | |||
| Long-Term Leases | 1.25M | 420.00K | ||||
| Other Long-Term Liabilities | 203.00K | 224.00K | 277.00K | 364.00K | 412.00K | |
| Total Liabilities | 1.30B | 1.08B | 1.05B | 1.12B | 904.64M | 952.40M |
| Preferred Stock, Redeemable | 150.00M | 150.00M | 150.00M | 150.00M | 150.00M | 3.00M |
| Common Stock | 96.00K | 95.00K | 94.00K | 93.00K | 95.00K | 744.00K |
| Additional Paid-In Capital | 143.49M | 143.19M | 142.90M | 142.60M | 144.16M | 140.29M |
| Retained Earnings | -14.61M | -15.24M | 12.73M | 12.37M | 9.29M | 3.67M |
| Treasury Stock | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M |
| Comprehensive Income & Other | -11.35M | -9.97M | -15.42M | -18.02M | -18.74M | -1.38M |
| Total Common Equity | 112.30M | 112.75M | 134.97M | 131.72M | 129.48M | 138.00M |
| Minority Interest | 177.00K | 206.00K | 219.00K | 194.00K | 170.00K | 100.00K |
| Shareholders' Equity | 262.48M | 262.96M | 285.19M | 281.91M | 279.65M | 141.10M |
| Total Liabilities & Equity | 1.56B | 1.35B | 1.33B | 1.41B | 1.18B | 1.09B |
| Total Debt | 176.13M | 154.38M | 293.92M | 428.23M | 205.81M | 151.91M |
| Net Cash (Debt) | -127.02M | -143.77M | -232.55M | -323.04M | -189.71M | 79.61M |
| Net Cash Per Share | -14.71 | -16.73 | -26.92 | -36.95 | -20.84 | 10.59 |
| Filing Date Shares Outstanding | 8.87M | 9.30M | 9.12M | 9.13M | 9.07M | 9.06M |
| Total Common Shares Outstanding | 8.87M | 8.77M | 9.12M | 9.01M | 9.06M | 8.91M |
| Book Value Per Share | 12.66 | 12.85 | 14.80 | 14.61 | 14.29 | 15.50 |
| Tangible Book Value | 111.00M | 111.29M | 107.34M | 103.75M | 101.12M | 109.07M |
| Tangible Book Value Per Share | 12.52 | 12.68 | 11.77 | 11.51 | 11.16 | 12.25 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -20.73M | -24.80M | 1.93M | 4.33M | 5.64M | -4.05M |
| Depreciation & Amortization | 730.00K | 725.00K | 760.00K | 775.00K | 811.00K | 680.00K |
| Other Amortization | 608.00K | 531.00K | 641.00K | 413.00K | 229.00K | -229.00K |
| Gain (Loss) on Sale of Assets | 77.00K | |||||
| Gain (Loss) on Sale of Investments | -584.00K | -387.00K | -807.00K | -1.04M | -225.00K | 643.00K |
| Total Asset Writedown | 25.86M | 25.86M | ||||
| Provision for Credit Losses | 2.41M | 2.19M | 660.00K | 1.20M | 997.00K | 176.00K |
| Accrued Interest Receivable | -1.64M | -998.00K | -63.00K | -965.00K | -601.00K | -533.00K |
| Change in Other Net Operating Assets | -572.00K | -2.93M | -1.67M | 1.61M | -1.46M | 4.24M |
| Other Operating Activities | -866.00K | -608.00K | -454.00K | -276.00K | -842.00K | 447.00K |
| Operating Cash Flow | 6.74M | 230.00K | 1.39M | 7.59M | 6.32M | 624.00K |
| Capital Expenditures | -559.00K | -243.00K | -138.00K | -208.00K | -323.00K | -1.14M |
| Cash Acquisitions | 84.75M | |||||
| Investment in Securities | -147.07M | -45.33M | 117.13M | 18.39M | -196.18M | 2.64M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -152.24M | -19.05M | -89.20M | -146.77M | -119.93M | -62.50M |
| Other Investing Activities | -21.70M | -14.78M | 519.00K | -2.90M | -7.53M | 1.23M |
| Investing Cash Flow | -321.57M | -79.40M | 28.30M | -131.48M | -323.96M | 24.96M |
| Short-Term Debt Issued | 14.16M | 10.00M | 11.51M | |||
| Long-Term Debt Issued | 955.75M | 341.51M | 587.58M | 95.50M | 5.00M | |
| Total Debt Issued | 1.04B | 969.91M | 341.51M | 597.58M | 107.01M | 5.00M |
| Short-Term Debt Repaid | -6.87M | -7.99M | ||||
| Long-Term Debt Repaid | -1.11B | -469.37M | -375.14M | -53.14M | -35.99M | |
| Total Debt Repaid | -1.02B | -1.11B | -476.23M | -375.14M | -53.14M | -43.98M |
| Net Debt Issued (Repaid) | 21.86M | -140.72M | -134.72M | 222.44M | 53.87M | -38.98M |
| Issuance of Common Stock | 30.84M | |||||
| Repurchase of Common Stock | -1.78M | -514.00K | ||||
| Preferred Stock Issued | 150.00M | |||||
| Preferred Dividends Paid | -3.00M | -3.00M | -1.57M | -15.00K | -60.00K | |
| Total Dividends Paid | -3.00M | -3.00M | -1.57M | -15.00K | -60.00K | |
| Net Increase (Decrease) in Deposit Accounts | 315.73M | 172.20M | 62.76M | -4.28M | -101.14M | 118.70M |
| Other Financing Activities | -370.00K | -170.00K | -3.40M | -500.00K | -165.00K | |
| Financing Cash Flow | 334.21M | 28.31M | -73.53M | 212.98M | 102.22M | 109.82M |
| Net Cash Flow | 19.39M | -50.86M | -43.83M | 89.09M | -215.41M | 135.41M |
| Free Cash Flow | 6.18M | -13.00K | 1.25M | 7.39M | 6.00M | -514.00K |
| Free Cash Flow Margin | 17.11% | -0.04% | 3.84% | 21.97% | 18.15% | -2.14% |
| Free Cash Flow Per Share | 0.72 | -0.00 | 0.14 | 0.84 | 0.66 | -0.07 |
| Cash Interest Paid | 30.55M | 27.85M | 30.63M | 16.92M | 3.05M | 3.72M |
| Cash Income Tax Paid | 498.00K | 325.00K | 416.00K | 2.04M | 332.00K | 711.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 103.36M | 67.94M | 59.33M | 61.21M | 77.04M | 165.79M |
| Last Close Price | 11.65 | 7.40 | 6.85 | 6.79 | 8.08 | 18.48 |
| PE Ratio | 167.59 | 14.34 | 13.74 | |||
| PS Ratio | 2.86 | 2.08 | 1.82 | 1.82 | 2.33 | 6.90 |
| PB Ratio | 0.92 | 0.26 | 0.21 | 0.22 | 0.28 | 1.18 |
| P/FCF Ratio | 16.71 | 47.27 | 8.29 | 12.84 | ||
| P/OCF Ratio | 15.33 | 295.38 | 42.59 | 8.06 | 12.18 | 265.68 |
| Debt / Equity Ratio | 0.67 | 0.59 | 1.03 | 1.52 | 0.74 | 1.08 |
| Debt / FCF Ratio | 28.48 | 234.20 | 57.98 | 34.30 | ||
| Net Debt / Equity Ratio | 0.48 | 0.55 | 0.81 | 1.15 | 0.68 | -0.56 |
| Net Debt / FCF Ratio | 20.54 | -11,058.92 | 185.30 | 43.74 | 31.61 | 154.88 |
| Return on Equity (ROE) | -7.51% | -9.05% | 0.69% | 1.55% | 2.71% | -4.16% |
| Return on Assets (ROA) | -1.46% | -1.85% | 0.14% | 0.34% | 0.50% | -0.50% |
| Earnings Yield | -23.69% | -36.50% | 3.25% | 7.07% | 7.32% | -2.44% |
| FCF Yield | 5.98% | -0.02% | 2.11% | 12.07% | 7.79% | -0.31% |
| Payout Ratio | 81.23% | 0.27% | ||||
| Buyback Yield / Dilution | -0.59% | 0.50% | 1.18% | 3.97% | -21.07% | -121.44% |