secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K/A
Filed at:   2026-05-15T19:37:44+00:00
Accession:  0001140361-26-021631
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial corrects Q1 2026 results: net income $1.2M vs year-ago loss
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- Revised net income before preferred dividends $1.2M ($0.13 diluted EPS), vs net loss $2.7M (-$0.31) in Q1 2025.
- Net income attributable to common stockholders $409K ($0.05 per share) vs net loss $3.4M (-$0.39) year ago.
- Loans grew 4.2% to $1.1B; deposits up 16.9% to $1.1B; borrowings fully repaid ($72M eliminated).
- Net interest margin improved 12 bps to 2.75%; cost of funds decreased to 2.91%.
- Error in loan interest calculation corrected; no impact on total cash flows or loan economics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036126021631/0001140361-26-021631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036126021631/ef20073737_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-021631

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