secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001140361-24-044531
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial Q3 net income up to $522k; net loss per common share $0.03
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- Net income attributable to Broadway $522k in Q3 2024 vs $91k in Q3 2023; net loss to common stockholders $228k vs income $91k.
- Net interest income rose 23% to $8.3M; net interest margin improved to 2.49% from 2.33% YoY.
- Total gross loans grew 9.9% to $975.3M; only one non-performing loan of $291k (0.03% of loans).
- Non-interest expense increased 8.8% to $7.6M due to professional fees for internal control remediation.
- Book value per share $14.97; total assets $1.38B; uninsured deposits at 34% of total deposits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036124044531/0001140361-24-044531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036124044531/ef20037814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-044531

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