Broadway Financial revises Q1 2025 results; $1.9M wire fraud loss drives net loss of $1.9M

BROADWAY FINANCIAL CORP \DE\

2025-Q2 EPS reported -$0.39 revenue$84,000

Net loss of $1.9M ($0.21 diluted EPS) vs. loss of $164K in Q1 2024; net loss attrib. to common $2.6M ($0.30/share).
Non-interest expense rose $2.4M to $10.2M, primarily due to $1.9M wire fraud loss (gain if recovered).
Net interest income up 6.9% to $8.0M; net interest margin improved 43 bps to 2.70%.
Provision for credit losses increased $429K to $689K due to one new non-accrual loan; credit quality remains strong (non-accrual 0.09%).
Deposits grew 4.2% to $776.5M; borrowings reduced $93.9M; Community Bank Leverage Ratio 15.24%.

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