Broadway Financial Q2 net earnings $269k, $0.03 EPS; H1 earnings fall to $105k from $1.8M

BROADWAY FINANCIAL CORP \DE\

2024-Q2 EPS reported $0.01 revenue$78,000

Q2 net income $269k ($0.03 diluted EPS) vs $243k ($0.03) YoY; H1 net income $105k ($0.01) vs $1.8M ($0.20) YoY.
Net interest income $7.9M (+8.9% YoY); net interest margin compressed to 2.41% from 2.52%.
Total gross loans $946.8M (+6.6% from Dec 2023); total deposits $687.4M (+$4.7M).
Non-interest expense $7.3M (+13.4% YoY) on compensation and benefits for new hires and controls remediation.
Stockholders' equity $282.3M (20.7% of assets); book value $14.49 per share.

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