Broadway Financial Corporation
- Open
- 9.53
- Day high
- 9.86
- Day low
- 9.37
- Prev close
- 9.66
- Volume
- 1
- Mkt cap
- $94M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.4
- P/S
- 1.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$152K over the last 3 months (0 open-market buys, 17 sales)
- 🏛Institutions reducing (13F)
Broadway Financial Corporation (BYFC) is a Financial Services company listed on NASDAQ. The stock is up 39% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 17 sales (SEC Form 4).
Broadway Financial Corporation (BYFC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BYFC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | — | $0.09 | — | $17M | — |
| Mar 31, 2026 | — | $0.04 | — | $17M | — |
| Dec 23, 2025 | — | $-0.03 | — | $-36M | — |
| Jul 31, 2025 | — | $-0.02 | — | $15M | — |
| Jun 29, 2025 | — | $0.07 | — | $14M | — |
| Jan 27, 2025 | — | $0.06 | — | $9M | — |
| May 20, 2024 | — | $0.01 | — | $15M | — |
| Feb 9, 2024 | — | $0.29 | — | $17M | — |
| May 5, 2023 | — | $0.16 | — | $9M | — |
| Feb 10, 2023 | — | $0.16 | — | $9M | — |
| Nov 2, 2022 | — | $0.16 | — | $9M | — |
| Mar 11, 2022 | — | $-0.16 | — | $7M | — |
BYFC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 263 | $9.57 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 1 | $9.53 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 202 | $9.50 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 568 | $9.58 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 30 | $9.59 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 3 | $9.37 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 574 | $9.40 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 4,887 | $9.40 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 107 | $9.38 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 300 | $9.51 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 97 | $9.36 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 200 | $9.56 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 5 | $9.46 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 100 | $9.46 |
| May 27, 2026 | Bradshaw Wayne-Kent A.director | Sell | 2,353 | $9.46 |
Source: BYFC SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full BYFC insider & 13F page →Broadway Financial Corporation company profile
Overview
Broadway Financial Corporation (NASDAQ:BYFC) is a Los Angeles-based bank holding company founded in 1946 that operates City First Bank, National Association. The company has evolved from a traditional community bank into a specialized financial institution focused on serving underserved communities and mission-driven organizations. With nearly eight decades of operation, Broadway Financial has positioned itself as a Community Development Financial Institution (CDFI), emphasizing lending to low-to-moderate income communities, minority-owned businesses, and nonprofit organizations. The company operates through three branch offices and has undergone significant strategic transformation in recent years.
Business
Broadway Financial operates in the regional banking sector as a Community Development Financial Institution, which represents a specialized category of banks dedicated to serving underserved markets that traditional banks often overlook. The company provides comprehensive banking services through two primary business segments. The deposit-taking business forms the foundation of the bank's operations, offering traditional banking products including savings accounts, checking accounts, NOW accounts (negotiable order of withdrawal accounts that pay interest), money market accounts, and certificates of deposit with fixed terms. These deposit products serve as the primary funding source for the bank's lending activities, representing the typical asset-liability model that characterizes community banking. The lending business constitutes the bank's primary revenue-generating activity and reflects its CDFI mission focus. The loan portfolio is diversified across several categories: multifamily residential properties that provide affordable housing in urban communities, single-family residential mortgages for homeownership in underserved areas, and commercial real estate financing for community-serving facilities such as charter schools, community centers, and churches. Additionally, the bank provides commercial business loans to small and minority-owned enterprises, construction financing for community development projects, and consumer loans for individuals in low-to-moderate income brackets. The company also maintains an investment portfolio consisting of securities issued by federal government agencies, residential mortgage-backed securities, and other fixed-income investments. This portfolio serves both as a source of interest income and as a liquidity management tool, representing approximately 10-15% of total earning assets based on recent financial statements.
Revenue model
Broadway Financial generates revenue through the traditional banking model of net interest margin, where the bank borrows money from depositors at lower rates and lends it out at higher rates, capturing the spread as profit. The primary revenue stream comes from interest income on loans, which includes multifamily residential mortgages, single-family home loans, commercial real estate financing, and business loans. Interest income from the securities portfolio provides a secondary revenue source. The bank's customers are primarily community-based organizations, small businesses, nonprofit entities, and individuals in low-to-moderate income communities. As a CDFI, the bank specifically targets borrowers who may have difficulty accessing credit from traditional commercial banks, including minority-owned businesses, affordable housing developers, and community service organizations like charter schools and churches. Several factors significantly impact the bank's profitability margins. Interest rate environment represents the most critical factor, as rising rates can compress net interest margins if deposit costs increase faster than loan yields, while falling rates can reduce overall interest income. Credit quality directly affects profitability through loan loss provisions, with economic downturns in the bank's target communities potentially leading to higher default rates. Regulatory compliance costs are particularly burdensome for smaller institutions like Broadway Financial, as CDFI requirements and banking regulations create fixed costs that don't scale with asset size. Competition from larger banks and fintech lenders can pressure both deposit rates and loan pricing, while government programs and subsidies for community development can provide additional revenue opportunities through grants and tax credits. The bank's specialized focus on underserved markets provides some protection from direct competition but also concentrates risk in economically vulnerable communities.
Competitive moat
Broadway Financial possesses a narrow but defensible moat based on its specialized expertise and regulatory positioning as a Community Development Financial Institution. The company's primary competitive advantage stems from its deep knowledge of underserved markets and established relationships within minority communities and nonprofit sectors, which creates barriers for traditional banks that lack this specialized focus and community trust. The CDFI designation provides both regulatory advantages and access to government funding programs that are not available to conventional banks, including grants, tax credits, and preferential treatment in certain lending programs. This regulatory moat offers some protection from direct competition, as obtaining CDFI certification requires demonstrating a sustained commitment to community development that many larger institutions are unwilling to pursue. However, the moat is relatively weak due to several vulnerabilities. The bank's small scale limits its ability to compete on pricing and technology investments compared to larger regional banks. Fintech disruption poses a significant threat, as digital lenders can potentially serve the same underserved markets with lower overhead costs and faster approval processes. Regulatory changes could eliminate CDFI advantages or impose additional compliance burdens that disproportionately affect smaller institutions. The company's competitive position is further challenged by limited geographic diversification with only three branches, making it vulnerable to local economic downturns. Larger banks with community development initiatives, credit unions, and specialized nonprofit lenders represent ongoing competitive threats that could erode market share. While the mission-driven focus provides some customer loyalty, the moat is not sufficiently wide to prevent competitive encroachment or ensure long-term pricing power.
Risks & safety
Broadway Financial presents moderate financial risk with mixed indicators across key safety metrics. • Liquidity position: Strong with $61.4 million in cash and short-term investments as of Q4 2024, representing 4.7% of total assets • Debt levels: Elevated debt-to-equity ratio of 0.92 in Q4 2024, though improved from 1.35 in Q1 2024, indicating high leverage typical of banking operations • Solvency risk: Moderate concern given negative free cash flow of -$2.9 million in Q4 2024, though positive $1.3 million for full year 2024 • Current ratio: Exceptionally strong at 14.0x in Q4 2024, indicating good short-term liquidity management • Valuation metrics: Trading at attractive levels with P/E ratio of 12.1x and price-to-book ratio of 0.22x, suggesting potential undervaluation • Profitability: Low but positive ROE of 0.46% in Q4 2024, with full-year 2024 ROE of 0.68% • Asset quality: Total assets of $1.3 billion provide reasonable scale, though concentrated in real estate lending creates sector risk • Regulatory capital: As a regulated bank, likely maintains required capital ratios, though specific tier 1 capital metrics not disclosed in available data
Recent development
Based on the available financial data, Broadway Financial has undergone significant operational changes over the past few years, though specific strategic details are limited due to the absence of earnings call transcripts. The most notable development appears to be a substantial shift in the company's liquidity management and balance sheet composition. The bank experienced dramatic fluctuations in its current ratio, dropping from normal banking levels to as low as 0.09x in Q1 2024 before recovering to 14.0x by Q4 2024. This suggests major changes in how the bank manages its short-term assets and liabilities, possibly related to deposit composition changes or regulatory requirements. Revenue performance has shown volatility, declining from $52.6 million in 2023 to $32.7 million in 2024, indicating potential challenges in loan growth or net interest margin compression. However, the bank maintained profitability throughout this period, suggesting effective cost management despite revenue headwinds. The improvement in debt-to-equity ratios from 1.35x in Q1 2024 to 0.92x by Q4 2024 indicates either capital raising activities or debt reduction efforts, representing a positive development for financial stability. The bank's focus on maintaining its CDFI mission while navigating interest rate volatility and competitive pressures appears to be the primary strategic challenge during this period.
BYFC company profile · for informational purposes only — not investment advice.
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