---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-024881"
form_type: "8-K/A"
ticker: "BYFC"
cik: "0001001171"
company_name: "BROADWAY FINANCIAL CORP \\DE\\"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:00:55.835768+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Broadway Financial posts Q1 net earnings of $1.6M, up 67% YoY; net interest margin expands to 2.96%

## Summary
- Net earnings $1.6M ($0.02 diluted EPS) vs $958K ($0.01) in Q1 2022; net interest income up 15.4% to $8.3M.
- Net interest margin rose 20 bps to 2.96% from 2.76%; interest income up 39.5% to $11.0M.
- Total assets $1.2B (+1.8% vs Dec 31, 2022); loans $776.1M (+1.0%); deposits fell $29.4M to $657.6M.
- Adopted CECL on Jan 1, 2023: increased ACL by $1.8M, retained earnings charge of $1.3M net of tax.
- No non-accrual loans at quarter end; uninsured deposits improved to 25% of total deposits.

## SEC filing metadata
- accession: 0001140361-23-024881
- form_type: 8-K/A
- ticker: BYFC
- cik: 0001001171
- company_name: BROADWAY FINANCIAL CORP \DE\
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001171/000114036123024881/0001140361-23-024881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001171/000114036123024881/brhc20053008_8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-024881
- JSON: https://secwatch.observer/filing/0001140361-23-024881.json
- Plain text: https://secwatch.observer/filing/0001140361-23-024881.txt

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