secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001140361-22-039697
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial Q3 net income $1.3M, up 553% YoY; NIM expands to 3.02%
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- Net earnings of $1.3M ($0.02 diluted EPS) vs $182K ($0.00) in Q3 2021.
- Net interest income up 43.7% to $8.6M; net interest margin +59 bps to 3.02%.
- Loan originations over $101M (+20.7% YoY); total loans $726.7M.
- Equity increased to $277.4M from $141.0M, driven by $150M Series C preferred stock issuance.
- Loan loss provision $1.0M (up from $365K) due to loan growth and credit reclassification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036122039697/0001140361-22-039697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036122039697/brhc10043597_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-039697

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer