In the Q1, Broadway Financial Corporation's corporate clients experienced a reduction by -5.68 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -11.18 %. During the corresponding time, Broadway Financial Corporation recorded a revenue increase by 23.52 % year on year, sequentially revenue grew by 15.92 %. While revenue at the Broadway Financial Corporation's corporate clients fell by -7.24 % year on year, sequentially revenue fell by -11.67 %.
Customers of Broadway Financial Corporation saw their costs of revenue decrease by -5.68 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -11.18 %, for the same period Broadway Financial Corporation recorded revenue increase by 23.52 % year on year, sequentially revenue grew by 15.92 %.
Broadway Financial's Comment on Sales, Marketing and Customers
The Company operates through its subsidiary City First, which maintains offices in Los Angeles, Inglewood, California, and Washington, D.C. City First gathers deposits from the general public near its branches, loan customers, large non-profit entities, local municipalities, and depositors aligned with the Bank's mission-driven focus. Its loan portfolio mainly comprises commercial mortgage loans secured by multi-family residential properties, single-family residential properties, and commercial real estate, including charter schools, community facilities, and churches. The remaining loans consist of commercial business loans and loans guaranteed by the Small Business Administration.
Broadway Financial’s Comment on Sales, Marketing and Customers
The Company operates through its subsidiary City First, which maintains offices in Los Angeles, Inglewood, California, and Washington, D.C. City First gathers deposits from the general public near its branches, loan customers, large non-profit entities, local municipalities, and depositors aligned with the Bank's mission-driven focus. Its loan portfolio mainly comprises commercial mortgage loans secured by multi-family residential properties, single-family residential properties, and commercial real estate, including charter schools, community facilities, and churches. The remaining loans consist of commercial business loans and loans guaranteed by the Small Business Administration.
Sources:
Broadway Financial Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Broadway Financial Corporation’s corporate clients.
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