Broadway Financial Reports Q2 2025 Results, Shows Improved Net Interest Margin and Reduced Borrowings

BYFC
September 20, 2025
Broadway Financial Corporation reported consolidated net income before preferred dividends of $603 thousand, or $0.07 per diluted share, for the second quarter of 2025. This compares to consolidated net income of $269 thousand, or $0.03 per diluted share, for the second quarter of 2024. However, the net loss attributable to common stockholders was $147 thousand for the quarter. The company's net interest margin improved to 2.63% for the three months ended June 30, 2025, an increase of 22 basis points compared to the same period last year. Deposits grew by $22.4 million, or 2.9%, since March 31, 2025, reaching $798.9 million. Total borrowings were significantly reduced by $126.3 million to $69.2 million as of June 30, 2025, contributing to a lower cost of funds. Non-interest expense decreased by $2.7 million, or 26.23%, from the previous quarter, primarily due to the operational loss associated with the $1.9 million fraudulent wire in the first quarter, which is expected to result in a corresponding gain if recovered. The provision for loan losses also saw a reduction of $266 thousand, mainly due to a decrease in loans. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.