secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001140361-25-016079
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial Q1 net loss widens to $1.2M on higher loan loss provision and expenses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125016079/0001140361-25-016079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125016079/ef20048022_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-016079

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