earnings
confidence high
sentiment negative
materiality 0.65
Broadway Financial Q4 net income $1.3M, down 50% YoY; EPS $0.06 vs $0.31; loans up 10%
BROADWAY FINANCIAL CORP \DE\
2024-FY EPS reported
$0.04
revenue$155,000
- Q4 net income to common $550K ($0.06 diluted EPS) vs $2.6M ($0.31) YoY; full year $359K ($0.04) vs $4.5M ($0.51).
- Net interest income before provision rose 11.9% to $8.0M in Q4; full year $31.8M, up 7.8%.
- Gross loans grew 10% to $977.0M; deposits up 9.2% to $745.4M; borrowings down 34% to $262.1M at Dec 31, 2024.
- Non-interest income fell to $560K in Q4 from $4.5M due to absence of $3.7M CDFI grant in prior year.
- No charge-offs; one non-accrual loan ($264K); book value per share $14.82.