Business Wire·Nov 13, 2026, 4:05 PM ET

Broadway Financial Corporation Reports Third Quarter 2026 Results Highlighted by Improved Earnings, Strong Deposit Growth and Stable Credit Quality

BYFC

Broadway Financial Corporation reported net income attributable to common stockholders of $392 thousand for the third quarter of 2026, compared to $218 thousand in the second quarter of 2026 and a net loss of $24.6 million in the third quarter of 2025.
Diluted earnings per common share were $0.04 in the third quarter of 2026, compared to $0.02 in the second quarter of 2026 and ($2.86) in the third quarter of 2025.
Consolidated net income before preferred dividends totaled $1.1 million for the third quarter of 2026, compared to $968 thousand in the second quarter of 2026.
For the first nine months of 2026, the company reported consolidated net income of $1.0 million, or $0.11 per diluted common share, contrasting with a net loss of $28.1 million, or ($3.27) per share, for the same period in 2025.
Net loans increased by $116.2 million, or 11.4%, during the first nine months of 2026.
Total deposits increased by $192.4 million, or 21.0%, during the first nine months of 2026, reaching $1.1 billion at September 30, 2026.
Non-accrual loans to gross loans stood at 1.20% and non-performing assets to total assets were 0.88% as of September 30, 2026.
The Community Bank Leverage Ratio was 12.83% at September 30, 2026, down from 14.09% at December 31, 2025.
Net interest income for the third quarter of 2026 was $9.9 million, an increase of 4.3% from the second quarter of 2026.
The net interest margin remained stable at 2.64% for the third quarter of 2026.
Provision for credit losses was $668 thousand for the third quarter of 2026, compared to $1.5 million in the second quarter of 2026.
The allowance for credit losses increased to $10.0 million as of September 30, 2026, from $9.4 million at December 31, 2025.
Non-interest income for the third quarter of 2026 was $496 thousand, a 47.8% decrease from the second quarter of 2026, primarily due to the absence of a $450 thousand tax credit fee recognized in the prior quarter.
Non-interest expense for the third quarter of 2026 was $8.3 million, an 11.4% increase from the second quarter of 2026, driven by higher compensation, information services, and supervisory costs.
Total assets increased by $211.4 million to $1.557 billion at September 30, 2026, compared to $1.346 billion at December 31, 2025.
Stockholders' equity was $255.5 million at September 30, 2026, down from $262.8 million at December 31, 2025, primarily due to unrealized losses in the securities portfolio.
Book value per share was $11.37 at September 30, 2026, compared to $12.28 at December 31, 2025.
Total borrowings increased by $27.0 million to $99.0 million at September 30, 2026, due to additional FHLB advances.