Broadway Financial posts Q4 2022 net earnings of $1.5M; full-year net income $5.6M

BROADWAY FINANCIAL CORP \DE\

2022-FY EPS reported $0.08 revenue$145,000

Net earnings of $1.5M ($0.02 diluted EPS) in Q4 2022 vs net loss of $1.4M (($0.02)) in Q4 2021.
Full-year 2022 net earnings $5.6M ($0.08 EPS) vs net loss $4.1M (($0.07)) in 2021.
Net interest income increased 42.5% to $9.0M in Q4; net interest margin expanded to 3.26% from 2.50%.
Loan originations exceeded $273M in 2022, largest annual total ever; pre-tax profit $8.1M.
Deposits decreased $101.1M to $686.9M due to customer withdrawals and higher rates elsewhere.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BROADWAY FINANCIAL CORP \DE\ reported for the fourth quarter of 2022 results: net income 1.5 million, EPS 0.02 per diluted share.

Period: for the fourth quarter of 2022
Net income: 1.5 million
EPS: 0.02 per diluted share
Result: reported results

Exact text from the filing

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “Broadway” or “City First Broadway”), reported consolidated net earnings of $1.5 million, or $0. 02 per diluted share, for the fourth quarter of 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BROADWAY FINANCIAL CORP \DE\ reported for the year ended December 31, 2022 results: net income 5.6 million, EPS 0.08 per diluted share.

Period: for the year ended December 31, 2022
Net income: 5.6 million
EPS: 0.08 per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the Company reported net earnings of $5.6 million, or $0.08 per diluted share, compared to a net loss of $4.1 million, or ($0.07) per diluted share, for the year ended December 31, 2021

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Source: SEC EDGAR

accession 0001140361-23-006035

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