---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-023234"
form_type: "8-K"
ticker: "BYFC"
cik: "0001001171"
company_name: "BROADWAY FINANCIAL CORP \\DE\\"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T15:34:07.211445+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadway Financial Q1 net income $1.6M, EPS $0.02; net interest margin up to 2.96%

## Summary
- Net earnings $1.6M ($0.02 diluted) vs $958k ($0.01) in Q1 2022; net interest income +15.4% to $8.3M.
- Net interest margin improved 20 bps to 2.96%; total assets $1.2B (+1.8%) and loans $777.1M (+1.2%).
- No non-accrual loans at Q1 end; CECL adoption increased ACL by $1.8M with a $537k net charge to retained earnings.
- Deposits decreased $29.4M to $657.6M; uninsured deposits now 25% of total vs 31% in Dec 2022.

## SEC filing metadata
- accession: 0001140361-23-023234
- form_type: 8-K
- ticker: BYFC
- cik: 0001001171
- company_name: BROADWAY FINANCIAL CORP \DE\
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001171/000114036123023234/0001140361-23-023234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001171/000114036123023234/brhc20052563_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-023234
- JSON: https://secwatch.observer/filing/0001140361-23-023234.json
- Plain text: https://secwatch.observer/filing/0001140361-23-023234.txt

## Key facts
- Earnings Releases
  BROADWAY FINANCIAL CORP \DE\ reported first quarter of 2023 results: net income 1.6 million, EPS 0.02 per diluted share.
  - Period: first quarter of 2023
  - Net income: 1.6 million
  - EPS: 0.02 per diluted share
  - Result: reported results
  source text: Broadway Financial Corporation (the "Company") issued a press release announcing results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036123023234/0001140361-23-023234-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.