Broadway Financial to record $25.9M goodwill impairment charge for Q3 2025

BROADWAY FINANCIAL CORP \DE\

Audit Committee concluded goodwill is impaired under GAAP after annual impairment analysis.
Non-cash charge of $25.9 million expected for quarter ended September 30, 2025.
Company does not expect the charge to result in future cash expenditures.
Impairment reflects a reduction in the carrying value of goodwill on the balance sheet.

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