Broadway Financial Corporation  (BYFC)
Other Ticker:  
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
Price: $0.9500 $0.03 2.703%
Day's High: $1 Week Perf: 5.5 %
Day's Low: $ 0.91 30 Day Perf: 3.24 %
Volume (M): 42 52 Wk High: $ 1.42
Volume (M$): $ 39 52 Wk Avg: $1.04
Open: $1.00 52 Wk Low: $0.83

 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 67
 Revenues (TTM) (Millions $) 32
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) -269
 Capital Exp. (TTM) (Millions $) 0

Broadway Financial Corporation
Broadway Financial Corporation was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association ("Broadway Federal" or the "Bank") as part of the Banks conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the Banks name was changed to Broadway Federal Bank, f.s.b. The conversion was completed, and the Bank became a wholly-owned subsidiary of the Company in January 1996.

The Company is currently regulated by the Board of Governors of the Federal Reserve System ("FRB"). The Bank is currently regulated by the Office of the Comptroller of the Currency ("OCC") and the Federal Deposit Insurance Corporation ("FDIC"). The Banks deposits are insured up to applicable limits by the FDIC. The Bank is also a member of the Federal Home Loan Bank ("FHLB") of San Francisco.

We are headquartered in Los Angeles, California and our principal business is the operation of our wholly-owned subsidiary, Broadway Federal, which has two offices in Los Angeles and one in the nearby city of Inglewood, California. Broadway Federals principal business consists of attracting deposits from the general public in the areas surrounding our branch offices and investing those deposits, together with funds generated from operations and borrowings, primarily in mortgage loans secured by (i) residential properties with five or more units ("multi-family"), (ii) commercial real estate and (iii) residential properties with one-to-four units ("single family"). In addition, we invest in securities issued by the federal government and federal agencies, residential mortgage-backed securities and other investments.

Our revenue is derived primarily from interest income on loans and investments. Our principal costs are interest expenses that we incur on deposits and borrowings, together with general and administrative expenses. Our earnings are significantly affected by general economic and competitive conditions, particularly monetary trends and conditions, including changes in market interest rates and the differences in market interests rates for the interest bearing deposits and borrowings that are our principal funding sources and the interest yielding assets in which we invest, as well as government policies and actions of regulatory authorities.

Our loan portfolio is comprised primarily of mortgage loans which are secured by single family residential properties, multi-family properties and commercial real estate, including churches. The remainder of the loan portfolio consists of commercial business loans, construction loans and consumer loans.

We emphasize the origination of adjustable-rate mortgage loans ("ARMs") and hybrid ARM loans (ARM loans having an initial fixed rate period) for our portfolio of loans held for investment. We originate these loans in order to maintain a high percentage of loans that are subject to more frequent repricing, thereby reducing our exposure to interest rate risk.

The types of loans that we originate are subject to federal laws and regulations. The interest rates that we charge on loans are affected by the demand for such loans, the supply of money available for lending purposes and the rates offered by competitors. These factors are in turn affected by, among other things, economic conditions, monetary policies of the federal government, including the FRB, and legislative tax policies.

Loan originations are derived from various sources including our loan personnel, local mortgage brokers, advertising and referrals from customers. For all loans that we originate, upon receipt of a loan application from a prospective borrower, a credit report is ordered and certain other information is verified by an independent credit agency and, if necessary, additional financial information is requested. An appraisal of the real estate intended to secure the proposed loan is required, which appraisal is performed by an independent licensed or certified appraiser designated and approved by us. The Board of Directors (the "Board") annually reviews our appraisal policy. Management reviews annually the qualifications and performance of independent appraisers that we use.

   Company Address: 4601 Wilshire Boulevard, Suite 150 Los Angeles 90010 CA
   Company Phone Number: 634-1700   Stock Exchange / Ticker: NASDAQ BYFC
   BYFC is expected to report next financial results on November 13, 2023.

Customers Net Income fell by BYFC's Customers Net Profit Margin fell to

-13.23 %

14.32 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
BKU   -5.54%    
BRKL   -1.78%    
CFFN   -4.1%    
NRIM   -3.32%    
TFSL   -2.75%    
WSBF   -2.87%    
• View Complete Report

Cfsb Bancorp Inc

Cfsb Bancorp Inc Defies Market Trends with Resilience, Turning Slight Operating Loss into Impressive Net Profits

In the world of finance, it is always fascinating to keep a close eye on the stock market and the latest developments within different industries. One particular sector that has caught the attention of industry experts is the SandLs Savings Banks industry. The recent analysis of the fourth quarter of 2023 numbers has revealed some promising results, particularly for Cfsb Bancorp Inc.
During this reporting season, Cfsb Bancorp Inc observed a slight operating loss of $-6.149 million. However, what is truly impressive is the fact that the company managed to improve its net profits from $0.000 million in the fourth quarter of 2022 to $0.308 million in the fourth quarter of 2023. This shows the resilience and determination of Cfsb Bancorp Inc, even in challenging times.

If Bancorp Inc

Earnings Plunge by 42.46% and Revenue Takes a Hit in Q4 2023

The recently disclosed financial results of If Bancorp Inc for the fourth quarter of the 2023 earnings season have raised concerns about the company's performance. The decline in earnings per share by -42.46% and a decrease in revenue by -0.706% year-on-year reflect a challenging period for the company. This article will explore the potential impact of these results on If Bancorp Inc's future prospects.
1. Deteriorating Earnings and Revenue:
A significant decline in earnings per share is a cause for worry, as it indicates reduced profitability for If Bancorp Inc. The decrease of -42.46% to $0.19 in EPS suggests that the company has experienced a decline in its earnings despite efforts to sustain growth. Additionally, the -0.706% decline in revenue to $6.19 million reflects a challenging economic environment that may have impacted If Bancorp Inc's ability to generate substantial sales.

Hometrust Bancshares Inc

Hometrust Bancshares Inc Reports Impressive 123.9% Profit Surge in Financial Period Closing June 30, 2023

Over the last five trading days, Hometrust Bancshares Inc's stock has experienced a decrease of -3.86%. This brings the year-to-date performance of the stock to -3.78%. However, despite this recent drop, the stock is still trading at a level that is 27.1% higher than its 52-week low.
Looking at the financial period that ended on June 30, 2023, Hometrust Bancshares Inc saw a significant increase in its earnings per share (EPS). The EPS grew by 123.9% to $0.88 per share compared to $0.39 per share in the previous year, and it grew by 120.25% from $0.40 per share in the prior reporting period. This indicates strong growth in the company's profitability.

Provident Financial Holdings Inc

Provident Financial Holdings Inc Defies Industry Trends with Increased Revenue Despite Lower Earnings Per Share

Provident Financial Holdings Inc, a company in the SandLs Savings Banks sector, has reported declining earnings per share (EPS) despite an increase in revenue for the April to June 30, 2023 period. While revenue grew by 3.402% to $10.43 million in comparison to $10.08 million on a year-over-year basis, net profit per share dropped by 26.08% to $0.25 per share. This is in contrast to the income per share of $0.34 in the same interval a year prior.
Interestingly, Provident Financial Holdings Inc stands out amidst a situation where most of its peers in the SandLs Savings Banks industry reported a contraction in their top-line. During the preceding reporting season, the company achieved revenue of $10.21 million and a bottom line of $0.33 per share. However, net income in the fourth quarter of the 2023 earnings season fell by 26.59% to $1.808 million compared to $2.463 million in the corresponding period the previous year.

Axos Financial Inc

Axos Financial Inc Shines in Fourth Quarter Earnings Season with Impressive Growth

Axos Financial Inc, a leading player in the SandLs Savings Banks industry, has experienced significant growth in its shares over the past 3 months and 12 months. In the past 3 months, the company's shares have increased by 1.07%, while over the past 12 months, the growth has been an impressive 43.49%.
This positive trend in share value is supported by the company's strong performance in the fourth quarter of the 2023 earnings season. Axos Financial Inc reported astonishing results, with revenue rising by 23.028% to $229.46 million. The company also saw a significant increase in profit per share, which went up by 48.94% to $1.43 per share compared to the previous year.


Broadway Financial's Segments
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