News & Videos - BROADWAY FINANCIAL - English

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), reported consolidated net earnings of $243 thousand, or $0.00 per diluted share, for the second quarter of 2023, compared to consolidated net earnings of $1.9 million, or $0.03 per diluted share, for the second quarter of 2022. The decrease in net...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “Broadway” or “City First Broadway”), reported consolidated net earnings of $1.6 million, or $0.02 per diluted share, for the first quarter of 2023, compared to consolidated net earnings of $958 thousand, or $0.01 per diluted share, for the first quarter of 2022. During...

Broadway Financial Corporation, Inc. (Nasdaq: BYFC) (“Broadway”), the parent company of City First Bank, N.A. (the “Bank”), announced that its Board of Directors unanimously elected President and CEO Brian E. Argrett to the role of Board Chair of both Broadway and the Bank, effective April 1, 2023, on the two-year anniversary of the merger of equals of Broadway and CFBanc Corporation and their bank subsidiaries. The Board of Directors also unanimously elected current Board Chair...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), today announced the following executive appointments: John F. Tellenbach, as Executive Vice President, West Commercial Regional Executive; LaShanya Washington, as Executive Vice President and Chief Credit Officer; and Sonja S. Wells, Executive Vice...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “Broadway” or “City First Broadway”), reported consolidated net earnings of $1.5 million, or $0.02 per diluted share, for the fourth quarter of 2022, compared to consolidated net loss of $1.4 million, or ($0.02) per diluted share, for the fourth quarter of 2021. During...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), announced today that the Board of Directors of the Company (the “Board of Directors”) has approved extending a series of loans from time to time aggregating up to $5 million to the City First Bank, National Association Employee Stock Ownership Trust, which was established by the City First Bank, National Association Employee Stock Ownership Plan (collectively, the “ESOP”), for...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net earnings of $1.3 million, or $0.02 per diluted share, for the third quarter of 2022, compared to consolidated net earnings of $182 thousand, or $0.00 per diluted share, for the third quarter of 2021. During the third quarter of 2022 net interest income increased by $2.6 million, or 43.7%, to $8.6 million compared to the third quarter of 2021. The increase...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC) reported consolidated net earnings of $1.9 million, or $0.03 per diluted share, for the second quarter of 2022, compared to consolidated net earnings of $701 thousand, or $0.01 per diluted share, for the second quarter of 2021 and consolidated net earnings of $958 thousand, or $0.01 per diluted share, for the first quarter of 2022. These three periods reflect the consolidated operations...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), announced that the Company completed a private placement of $150 million of Senior Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), to the United States Department of the Treasury (the “U.S. Treasury”) pursuant to the Emergency Capital Investment Program (“ECIP”). The ECIP investment by the U.S. Treasury is part of a program to invest over $8.7...

Broadway Financial Corporation (“Broadway” or the “Company”) (NASDAQ Capital Market: BYFC) announced today that the Board of Directors (the “Board”) of Broadway elected Mr. John Driver to the Board, effective May 13, 2022, to fill a vacancy on the Board. Mr. Driver is currently the Chairman and Chief Executive Officer of Lynx Technology, a Smart Home IoT (Internet of Things) and digital media technology firm that powers a range of consumer electronics products, which he acquired...

Broadway Financial Corporation (“Broadway”, “we”, or “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net earnings of $958 thousand or $0.01 per diluted share for the first quarter of 2022, compared to a consolidated net loss of $3.5 million or ($0.13) per share, for the first quarter of 2021. Net earnings for the first quarter of 2022 include the consolidated operations of CFBanc Corporation (“CFB”), which was merged with and into Broadway on April 1, 2021 (the...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), reported a consolidated net loss of $1.4 million, or ($0.02) per diluted share, for the fourth quarter of 2021, compared to a consolidated net loss of $581 thousand, or ($0.02) per diluted share for the fourth quarter of 2020 and consolidated net income of $182 thousand, or $0.00 per share, for the third quarter of 2021. Results for the fourth quarter and year ended December 31, 2021...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), announced that the United States Department of the Treasury (the “U.S. Treasury”) has informed Broadway that the Company is eligible to receive an equity investment of $142.5 million from the U.S. Treasury pursuant to the Emergency Capital Investment Program (“ECIP”). Under ECIP the U.S. Treasury will invest over $8.7 billion into 186 Community Development Financial Institutions...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net income of $182 thousand, or $0.00 per diluted share, for the third quarter of 2021, compared to consolidated net income of $701 thousand, or $0.01 per diluted share for the second quarter of 2021 and a consolidated net loss of $244 thousand, or $(0.01) per share, for the third quarter of 2020. Results for the third and second quarters of 2021 include the...

Broadway Financial Corporation (“Broadway” or the “Company”) (NASDAQ Capital Market: BYFC), today announced that on September 15, 2021, Mr. Jack T. Thompson submitted his resignation from the Board of the Company and its subsidiary, City First Bank, National Association (“City First”) for personal professional reasons, effective at 5:00 pm Eastern Daylight Time on September 15, 2021. The resignation was not the result of any disagreement with the Company or any of its affiliates on...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net income of $701 thousand, or $0.01 per diluted share, for the second quarter of 2021, compared to a consolidated net loss of $3.5 million, or $(0.13) per share for the first quarter of 2021 and consolidated net income of $216 thousand, or $0.01 per diluted share, for the second quarter of 2020. Results for the second quarter of 2021 reflect the consolidated...

Broadway Financial Corporation (“Broadway”) (NASDAQ Capital Market: BYFC), reported a consolidated net loss of $3.5 million, or ($0.13) per share, for the first quarter of 2021, compared to a consolidated net loss of $33 thousand, or $0.00 per share, for the first quarter of 2020. The results for the first quarter of 2021 and 2020 are results of Broadway Financial Corporation and its subsidiary, Broadway Federal Bank, f.s.b. ( “Broadway Bank” or the “Bank”) on a standalone basis, and...

Broadway Financial Corporation (“Broadway") (Nasdaq-CM: BYFC) announced today that it closed on the sale of 18,474,000 shares of Broadway’s common stock in the previously announced private placements with institutional and accredited investors, raising $32.88 million in gross proceeds. Broadway will use the net proceeds for general corporate purposes, including to originate loans supporting investments in multifamily affordable housing, small businesses, and nonprofit community facilities...

Broadway Financial Corporation (“Broadway") (Nasdaq-CM: BYFC) and CFBanc Corporation (“CFB”) jointly announced that they closed their merger of equals today. As a result of the merger, Broadway, with its wholly owned bank subsidiary, City First Bank, National Association (collectively, “CityFirstBroadway”) is the largest Black-led Minority Depository Institution (“MDI”) in the nation, with more than $1 billion in combined assets under management and over $900 million in total...

Broadway Financial Corporation (“Broadway,” Nasdaq: BYFC) in Los Angeles, CA and CFBanc Corporation (“City First”) in Washington, D.C. announced today that their stockholders voted to approve the previously announced merger of equals of the two companies at the special meetings of their stockholders held today. At the special meeting of Broadway’s stockholders over 73% of the 19,281,758 shares entitled to vote were cast and more than 99% of the shares voted were voted in favor of the...