---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-038637"
form_type: "8-K"
ticker: "BYFC"
cik: "0001001171"
company_name: "BROADWAY FINANCIAL CORP \\DE\\"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:06:32.206157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadway Financial Q2 net earnings $243K vs $1.9M YoY; EPS $0.00 vs $0.03

## Summary
- Net earnings $243K ($0.00 diluted EPS) vs $1.9M ($0.03) in Q2 2022; net interest income $7.3M down 9.6% YoY.
- Net interest margin shrank to 2.52% from 3.00% due to 190 bps rise in cost of funds.
- Total loans $824.6M (+7.4% vs Dec 2022); no non-accrual loans; ACL increased to $7.0M under CECL.
- Deposits fell $40.9M to $646.1M; borrowings rose $89.8M to $295.6M to fund loan growth.
- CEO cites rising inflation, higher funding costs, and 11 Fed rate hikes as headwinds; equity >$275M.

## SEC filing metadata
- accession: 0001140361-23-038637
- form_type: 8-K
- ticker: BYFC
- cik: 0001001171
- company_name: BROADWAY FINANCIAL CORP \DE\
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1001171/000114036123038637/0001140361-23-038637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001171/000114036123038637/brhc20057225_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-038637
- JSON: https://secwatch.observer/filing/0001140361-23-038637.json
- Plain text: https://secwatch.observer/filing/0001140361-23-038637.txt

## Key facts
- Earnings Releases
  BROADWAY FINANCIAL CORP \DE\ reported first six months of 2022 results: net income consolidated net earnings of $2.8 million, EPS $0.04 per diluted share.
  - Period: first six months of 2022
  - Net income: consolidated net earnings of $2.8 million
  - EPS: $0.04 per diluted share
  - Result: reported results
  source text: consolidated net earnings of $2.8 million, or $0.04 per diluted share for the first six months of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036123038637/0001140361-23-038637-index.htm
- Earnings Releases
  BROADWAY FINANCIAL CORP \DE\ reported second quarter of 2022 results: net income consolidated net earnings of $1.9 million, EPS $0.03 per diluted share.
  - Period: second quarter of 2022
  - Net income: consolidated net earnings of $1.9 million
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: consolidated net earnings of $1.9 million, or $0.03 per diluted share, for the second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036123038637/0001140361-23-038637-index.htm
- Earnings Releases
  BROADWAY FINANCIAL CORP \DE\ reported first six months of 2023 results: net income consolidated net earnings of $1.8 million, EPS $0.03 per diluted share.
  - Period: first six months of 2023
  - Net income: consolidated net earnings of $1.8 million
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: For the first six months of 2023, the Company reported consolidated net earnings of $1.8 million, or $0.03 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036123038637/0001140361-23-038637-index.htm

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