{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-038507","form_type":"8-K","ticker":"BYFC","cik":"0001001171","company_name":"BROADWAY FINANCIAL CORP \\DE\\","filed_at":"2025-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.447013+00:00","generated_at":"2026-05-17T03:20:27.754828+00:00","sec_items":["2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Broadway Financial to record $25.9M goodwill impairment charge for Q3 2025","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-038507","json":"https://secwatch.observer/filing/0001140361-25-038507.json","markdown":"https://secwatch.observer/filing/0001140361-25-038507.md","text":"https://secwatch.observer/filing/0001140361-25-038507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001171/000114036125038507/0001140361-25-038507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001171/000114036125038507/ef20057378_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:20:27.754828+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26b5606bdf30c1e10d8e8bd57952be558ec7562b","claim":"BROADWAY FINANCIAL CORP \\DE\\ announced a impairment with charges of $25.9 million goodwill impairment charge.","evidence_excerpt":"On October 15, 2025, the Audit Committee of the Board of Directors of Broadway Financial Corporation (the “Company”) (NASDAQ: BYFC), the holding company of City First Bank, National Association, concluded that, based on its annual impairment analysis, the Company’s goodwill is impaired in accordance with U.S. GAAP. Consequently, the Company expects to record a non-cash $25.9 million goodwill impairment charge for the quarter ended September 30, 2025.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001171/000114036125038507/0001140361-25-038507-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$25.9 million goodwill impairment charge"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}