secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0001140361-25-001960
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial Q4 net income $1.3M, down 50% YoY; EPS $0.06 vs $0.31; loans up 10%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125001960/0001140361-25-001960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125001960/ef20042278_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001960

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