Broadway financial corporation announces results for fourth quarter and full calendar year 2024

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.
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