secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001140361-23-006035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123006035/0001140361-23-006035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123006035/brhc10047938_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-006035

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