Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit. The company also mortgage loans, which are secured by multi-family residential properties; single family residential properties; and commercial real estate, including churches, as well as commercial business, construction, and consumer loans. In addition, it invests in securities issued by federal government agencies, residential mortgage-backed securities, and other investments. The company operates through three branch offices. Broadway Financial Corporation was founded in 1946 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: broadwayfederalbank.com
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8-K - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Filer)
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8-K - BROADWAY FINANCIAL CORP \DE\ (0001001171) (Filer)
LOS ANGELES, June 2, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association, announced today it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated May 28, 2025, informing the Company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) ("Rule 5250(c)(1)") for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the "Form 10-Q") was not filed within the time period prescribed by the Securities and Exchange Commission ("SEC") rules.
LOS ANGELES, April 28, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "City First Broadway"), reported consolidated net loss before preferred dividends of $451 thousand, or ($0.05) per diluted share, for the first quarter of 2025, compared to consolidated net loss of $164 thousand, or ($0.02) per diluted share, for the first quarter of 2024. Net loss attributable to common stockholders was $1.2 million during the first quarter of 2025 after deducting preferred dividends of $750 thousand, compared to net loss attributable to common s
LOS ANGELES, March 10, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank"), is pleased to announce the appointment of Mary Hentges to its board of directors (the "Board"), effective March 5, 2025, to fill the vacancy on the Board after its size was increased to ten directors. Ms. Hentges will serve on the Audit Committee of the Board of the Company and the Bank, and on the Risk and Compliance Committee and Internal Asset Review Committee of the Bank. Ms. Hentges wi
LOS ANGELES, Jan. 27, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively with the Company, "we" or "City First Broadway"), reported net income attributable to Broadway of $1.3 million for the fourth quarter of 2024 compared to $2.6 million for the fourth quarter of 2023, a decrease of $1.3 million. Net income attributable to common stockholders was $550 thousand during the fourth quarter of 2024, after deducting preferred dividends of $750 thousand, compared to net income attributable to common stockholders of $2.6 million for the fourth quarter of 2023. Dilut
Ruth McCloud, Chief Operating Officer, Retires After 10 Years of Service LOS ANGELES, Jan. 15, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank"), announced Chief Operating Officer, Ruth McCloud, provided notice on January 13, 2025, that she will be retiring from City First Bank on March 31, 2025. Over the past decade, Ruth's dedication and contributions have played an essential role in the Bank's growth and success. "It has been a singular pleasure working with R
Broadway Financial Corporation ("Broadway" or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "we" or "City First Broadway"), reported net income attributable to Broadway of $522 thousand for the third quarter of 2024 compared to $91 thousand for the third quarter of 2023, an increase of $431 thousand. Net loss attributable to common stockholders was $228 thousand during the third quarter of 2024 after deducting preferred dividends of $750 thousand, compared to net income attributable to common stockholders of $91 thousand for the third quarter of 2023. Diluted loss per common share was $0.03 for the thir
Broadway Financial Corporation ("Broadway," "we", or the "Company") (NASDAQ:BYFC), parent company of City First Bank, National Association, announced today it received a letter from Nasdaq, Inc., dated May 30, 2024, informing the Company that it had regained compliance with Nasdaq Listing Rule 5250(c)(1) with respect to the Form 10-Q for the period ended March 31, 2024 based on the Company's filing on May 24, 2024. The letter noted that the matter is now closed. About Broadway Financial Corporation Broadway Financial Corporation conducts its operations through its wholly-owned banking subsidiary, City First Bank, National Association, which is a leading community-oriented bank in Southe
Broadway Financial Corporation ("Broadway", "we", or the "Company") (Nasdaq Stock Market: BYFC), parent company of City First Bank, National Association, announced today it received a letter from the Nasdaq Stock Market LLC ("Nasdaq"), dated May 22, 2024, informing the Company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) ("Rule 5250(c)(1)") because Broadway had not filed its Form 10-Q for the period ended March 31, 2024 (the "Form 10-Q") by the time period prescribed by Securities and Exchange Commission rules. Under Nasdaq's Listing Rules, the Company must submit a plan to regain compliance to Nasdaq within 60 calendar days of the date of the letter. If Broadway's plan
Broadway Financial Corporation (the "Company" or "Broadway") (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the "Bank" and collectively with the Company, "City First Broadway"), today announced the addition of four experienced senior officers to the management team of City First Broadway. The Board of Directors of City First Broadway announced the appointment of: Zack Ibrahim, as Executive Vice President and Chief Financial Officer ("CFO") of the Company and the Bank. Mr. Ibrahim will also be the Principal Financial Officer and Principal Accounting Officer for Broadway; and, Elizabeth Sur, as Executive Vice President, General Counsel, and
Broadway Financial Corporation ("Broadway," "we," or the "Company") (Nasdaq Stock Market: BYFC), parent company of City First Bank, National Association, announced today it received a Staff Delisting Determination letter (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on May 14, 2024 notifying the Company that Nasdaq has initiated a process which could result in the delisting of the Company's securities from Nasdaq as a result of the Company's not being in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires listed companies to timely file all required periodic financial reports with the Securiti
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