News & Videos - BROADWAY FINANCIAL

Broadway Financial Corporation Announces New Board Member PR Newswire LOS ANGELES, March 10, 2025 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....

Broadway Financial Corporation Announces Results for Fourth Quarter and Full Calendar Year 2024 PR Newswire LOS ANGELES, Jan. 27, 2025 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...

Broadway Financial Corporation Announces New Chief Banking Officer PR Newswire LOS ANGELES, Jan. 15, 2025 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...

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Broadway Financial Corporation (NASDAQ: BYFC) PR Newswire NEW YORK, Jan. 2, 2025 NEW YORK , Jan. 2, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Broadway Financial Corporation (NASDAQ: BYFC) on behalf of the company's shareholders. The investigation seeks to determine whether Broadway Financial Corporation's directors breached their fiduciary duties in connection with recent...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), reported consolidated net earnings of $243 thousand, or $0.00 per diluted share, for the second quarter of 2023, compared to consolidated net earnings of $1.9 million, or $0.03 per diluted share, for the second quarter of 2022. The decrease in net...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “Broadway” or “City First Broadway”), reported consolidated net earnings of $1.6 million, or $0.02 per diluted share, for the first quarter of 2023, compared to consolidated net earnings of $958 thousand, or $0.01 per diluted share, for the first quarter of 2022. During...

Broadway Financial Corporation, Inc. (Nasdaq: BYFC) (“Broadway”), the parent company of City First Bank, N.A. (the “Bank”), announced that its Board of Directors unanimously elected President and CEO Brian E. Argrett to the role of Board Chair of both Broadway and the Bank, effective April 1, 2023, on the two-year anniversary of the merger of equals of Broadway and CFBanc Corporation and their bank subsidiaries. The Board of Directors also unanimously elected current Board Chair...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “City First Broadway”), today announced the following executive appointments: John F. Tellenbach, as Executive Vice President, West Commercial Regional Executive; LaShanya Washington, as Executive Vice President and Chief Credit Officer; and Sonja S. Wells, Executive Vice...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), parent company of City First Bank, National Association (the “Bank”, and collectively, with the Company, “Broadway” or “City First Broadway”), reported consolidated net earnings of $1.5 million, or $0.02 per diluted share, for the fourth quarter of 2022, compared to consolidated net loss of $1.4 million, or ($0.02) per diluted share, for the fourth quarter of 2021. During...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), announced today that the Board of Directors of the Company (the “Board of Directors”) has approved extending a series of loans from time to time aggregating up to $5 million to the City First Bank, National Association Employee Stock Ownership Trust, which was established by the City First Bank, National Association Employee Stock Ownership Plan (collectively, the “ESOP”), for...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net earnings of $1.3 million, or $0.02 per diluted share, for the third quarter of 2022, compared to consolidated net earnings of $182 thousand, or $0.00 per diluted share, for the third quarter of 2021. During the third quarter of 2022 net interest income increased by $2.6 million, or 43.7%, to $8.6 million compared to the third quarter of 2021. The increase...

Broadway Financial Corporation (“Broadway”, “we”, or the “Company”) (NASDAQ Capital Market: BYFC) reported consolidated net earnings of $1.9 million, or $0.03 per diluted share, for the second quarter of 2022, compared to consolidated net earnings of $701 thousand, or $0.01 per diluted share, for the second quarter of 2021 and consolidated net earnings of $958 thousand, or $0.01 per diluted share, for the first quarter of 2022. These three periods reflect the consolidated operations...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), announced that the Company completed a private placement of $150 million of Senior Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), to the United States Department of the Treasury (the “U.S. Treasury”) pursuant to the Emergency Capital Investment Program (“ECIP”). The ECIP investment by the U.S. Treasury is part of a program to invest over $8.7...

Broadway Financial Corporation (“Broadway” or the “Company”) (NASDAQ Capital Market: BYFC) announced today that the Board of Directors (the “Board”) of Broadway elected Mr. John Driver to the Board, effective May 13, 2022, to fill a vacancy on the Board. Mr. Driver is currently the Chairman and Chief Executive Officer of Lynx Technology, a Smart Home IoT (Internet of Things) and digital media technology firm that powers a range of consumer electronics products, which he acquired...

Broadway Financial Corporation (“Broadway”, “we”, or “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net earnings of $958 thousand or $0.01 per diluted share for the first quarter of 2022, compared to a consolidated net loss of $3.5 million or ($0.13) per share, for the first quarter of 2021. Net earnings for the first quarter of 2022 include the consolidated operations of CFBanc Corporation (“CFB”), which was merged with and into Broadway on April 1, 2021 (the...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), reported a consolidated net loss of $1.4 million, or ($0.02) per diluted share, for the fourth quarter of 2021, compared to a consolidated net loss of $581 thousand, or ($0.02) per diluted share for the fourth quarter of 2020 and consolidated net income of $182 thousand, or $0.00 per share, for the third quarter of 2021. Results for the fourth quarter and year ended December 31, 2021...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), announced that the United States Department of the Treasury (the “U.S. Treasury”) has informed Broadway that the Company is eligible to receive an equity investment of $142.5 million from the U.S. Treasury pursuant to the Emergency Capital Investment Program (“ECIP”). Under ECIP the U.S. Treasury will invest over $8.7 billion into 186 Community Development Financial Institutions...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net income of $182 thousand, or $0.00 per diluted share, for the third quarter of 2021, compared to consolidated net income of $701 thousand, or $0.01 per diluted share for the second quarter of 2021 and a consolidated net loss of $244 thousand, or $(0.01) per share, for the third quarter of 2020. Results for the third and second quarters of 2021 include the...

Broadway Financial Corporation (“Broadway” or the “Company”) (NASDAQ Capital Market: BYFC), today announced that on September 15, 2021, Mr. Jack T. Thompson submitted his resignation from the Board of the Company and its subsidiary, City First Bank, National Association (“City First”) for personal professional reasons, effective at 5:00 pm Eastern Daylight Time on September 15, 2021. The resignation was not the result of any disagreement with the Company or any of its affiliates on...

Broadway Financial Corporation (“Broadway”, “we” or the “Company”) (NASDAQ Capital Market: BYFC), reported consolidated net income of $701 thousand, or $0.01 per diluted share, for the second quarter of 2021, compared to a consolidated net loss of $3.5 million, or $(0.13) per share for the first quarter of 2021 and consolidated net income of $216 thousand, or $0.01 per diluted share, for the second quarter of 2020. Results for the second quarter of 2021 reflect the consolidated...