secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001140361-23-023234
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123023234/0001140361-23-023234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123023234/brhc20052563_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-023234

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