---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-029028"
form_type: "8-K"
ticker: "BYFC"
cik: "0001001171"
company_name: "BROADWAY FINANCIAL CORP \\DE\\"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:08:52.670646+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Broadway Financial reports Q4 2023 net earnings of $2.6 million, up from $1.5 million year-over-year

## Summary
- Q4 2023 net earnings $2.6 million ($0.31/diluted share) vs $1.5 million ($0.16) in Q4 2022; full year net earnings $4.5 million ($0.51) vs $5.6 million ($0.62) in 2022.
- Total assets reached $1.4 billion at Dec 31, 2023, up 16.1% from Dec 31, 2022; net loans grew 14.6% to $880.5 million.
- Recognized $3.7 million from CDFI Equitable Recovery Program and $437 thousand Bank Enterprise Award in Q4 2023.
- Identified material weaknesses in internal controls over financial reporting, leading to delayed 10-K and 10-Q filings; net out-of-period adjustments of $8 thousand recorded.
- Repurchased 245,000 shares from FDIC (nearly 4% of voting shares) during Q4 2023.

## SEC filing metadata
- accession: 0001140361-24-029028
- form_type: 8-K
- ticker: BYFC
- cik: 0001001171
- company_name: BROADWAY FINANCIAL CORP \DE\
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001171/000114036124029028/0001140361-24-029028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001171/000114036124029028/ef20030679_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-029028
- JSON: https://secwatch.observer/filing/0001140361-24-029028.json
- Plain text: https://secwatch.observer/filing/0001140361-24-029028.txt

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