secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K/A
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001140361-25-027883
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125027883/0001140361-25-027883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125027883/ef20052945_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-027883

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