earnings
confidence high
sentiment negative
materiality 0.65
Broadway Financial Q1 net loss widens to $1.2M on higher loan loss provision and expenses
BROADWAY FINANCIAL CORP \DE\
2025-Q1 EPS reported
-$0.30
revenue$43,000
- Net loss attributable to common stockholders $1.2M, diluted loss ($0.14) vs. ($0.02) a year ago.
- Net interest income up 6.9% to $8.0M; net interest margin expanded 43 bps to 2.70%.
- Provision for credit losses rose to $689k from $260k, driven by one new non-accrual loan.
- Deposits grew 4.2% to $776.5M; borrowings cut 60.1% to $78M, reducing cost of funds.
- Non-interest expense up 5.7% to $8.3M, reflecting higher compensation including $122k severance.