secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001140361-24-034945
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036124034945/0001140361-24-034945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036124034945/ef20033329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-034945

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