Broadway Financial Corporation Announces Notification From Nasdaq Regarding Delinquent Form 10-Q
- LOS ANGELES--(BUSINESS WIRE)--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 November 16, 2023, informing the Company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) because Broadway has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”). Under Na.
- 11/22/2023
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Broadway Financial Corporation Announces Terms of Reverse Stock Split
- LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway,” “we,” or the “Company”) (Nasdaq Capital Market: BYFC), parent company of City First Bank, National Association, announced today the terms of the Company's previously disclosed reverse stock split (the “Reverse Split”). Authorization for the Reverse Split was approved by stockholders at Broadway's Annual Meeting on June 21, 2023. On September 20, 2023, the Board of Directors selected a Reverse Split ratio of 1-for-8 shares.
- 10/31/2023
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Broadway Financial Could Improve But Is Currently Too Risky
- BYFC has recently merged with First City Bank from Washington. The bank's combined asset base could dilute its non-interest costs and improve profitability. However, BYFC has shown bad loan allocation policies in the past, generating substantial losses during the GFC, of up to 10% of the book.
- 01/13/2023
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Trading Penny Stocks in October? 3 Tips You Need to Consider
- If you're trading penny stocks this week, consider these strategies The post Trading Penny Stocks in October? 3 Tips You Need to Consider appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 10/09/2022
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Penny Stocks to Buy With Gains in After Hours? 3 to Watch
- Check these three penny stocks out for your watchlist The post Penny Stocks to Buy With Gains in After Hours? 3 to Watch appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 06/07/2022
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Broadway Financial Corporation Reports Board Change
- LOS ANGELES--(BUSINESS WIRE)--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
- 09/16/2021
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7 Top Penny Stocks to Watch That You Probably Haven't Heard Of
- Are you familiar with these hot penny stocks to watch? 7 to keep an eye on right now The post 7 Top Penny Stocks to Watch That You Probably Haven't Heard Of appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 07/11/2021
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Broadway Financial Corporation Announces Results for 1st Quarter 2021
- LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”) (NASDAQ Capital Market: BYFC), reported a consolidated net loss of $3.5 million, or ($0.13) per share, for the first quarter of 2021, compared to a consolidated net loss of $33 thousand, or $0.00 per share, for the first quarter of 2020. The results for the first quarter of 2021 and 2020 are results of Broadway Financial Corporation and its subsidiary, Broadway Federal Bank, f.s.b. ( “Broadway Bank” or the “Bank”) on a standalone basis, and do not include any results of CFBanc Corporation and its subsidiaries. Broadway Financial Corporation completed its merger with CFBanc Corporation on April 1, 2021, with Broadway Financial Corporation continuing as the surviving entity. Immediately following this merger, Broadway Bank merged with and into City First Bank of D.C, National Association with City First Bank of D.C., National Association continuing as the surviving entity (which concurrently changed its name to City First Bank, National Association). Following the merger, Broadway completed the sale of 18,474,000 shares of common stock in private placements with institutional and accredited investors, raising $32.9 million in gross proceeds, with both the merger and completed private placement significantly increasing Broadway’s total equity capitalization and potential for growth and increased lending in low-to-moderate income communities. The loss during the first quarter of 2021 was primarily due to merger-related expenses of $5.4 million, which included $3.4 million in severance and other compensation costs, $1.8 million in professional service expenses and $213 thousand for insurance. Brenda Battey, Chief Financial Officer of Broadway and its former subsidiary Broadway Bank, commented, “The first quarter was an eventful quarter in the history of Broadway. While financial results were adversely affected by non-recurring expenses associated with the merger with CFBanc Corporation, Broadway finished the quarter without any delinquencies or requests from customers for loan modifications related to the enduring COVID-19 Pandemic. Excluding the merger-related expenses, Broadway had a nominal loss for the quarter, reflecting compression in net interest margins, which has been pervasive throughout the banking industry, and restrained loan growth, which we expect to be alleviated with the consummation of the merger.” Chief Executive Officer, Brian Argrett added, “I am excited to be taking the reins of leadership for Broadway as it moves forward as the parent company of the combined CityFirstBroadway financial organization, the largest Black-led Minority Depository institution in the country. Our focus is to be a leading provider of financial products and services to economically underserved urban communities, supported by impact-focused investors and depositors who share CityFirstBroadway’s mission to help close the racial wealth gap and expand opportunity through the focused and efficient provision of capital. Through the merger, we intend to extend and expand the legacy of Broadway’s founders, who created an important and enduring institution that has proudly served black and other minority communities with distinction since 1946. The opportunities created by our merger of equals are firmly built upon the collective vision of each institution’s founders and the dedicated efforts of our collective employees, who worked tirelessly to continue to serve our customers and communities and successfully consummate the merger and subsequent capital raise.” “Finally, on behalf of my fellow members of the Board of Directors, I wish to thank Wayne-Kent Bradshaw, former CEO of Broadway and our Chairman, for his skillful leadership of Broadway over the years and through the consummation of the merger. I would like to further express our deep appreciation to the former directors of Broadway and CFBanc Corporation whose service concluded with the closing of the merger for their steady and dedicated stewardship of each organization.” COVID-19 Pandemic Impact Broadway continues to monitor the impact of the lingering COVID-19 Pandemic on its operations. To date, Broadway has not implemented layoffs or furloughs of any employees because of the Pandemic. Although Broadway Bank developed plans and policies for providing financial relief to borrowers that may experience difficulties in meeting the terms of their loans, as of March 31, 2021, none of its borrowers had requested loan modifications and Broadway Bank had not had any delinquencies related to COVID-19. As of March 31, 2021, Broadway Bank had not participated in the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) because Broadway Bank did not historically offer SBA loans. Instead, management focused on selective originations of multi-family residential loans and, to a lesser extent, other commercial real estate (“CRE”) loans, including construction loans. Net Interest Income For the first quarter of 2021, net interest income was $2.8 million, compared to $2.9 million for the first quarter of 2020. Average interest-earning assets increased by $5.1 million compared to the first quarter of the prior year, but the increase was more than offset by a decrease of 7 basis points in the net interest margin. Interest and fees on loans receivable decreased by $715 thousand to $3.6 million for the first quarter of 2021, from $4.4 million for the first quarter of 2020. The decrease in interest and fees on loans receivable primarily resulted from a decrease of $64.8 million in the average balance of loans receivable, which decreased interest income by $654 thousand. In addition, the average yield on loans decreased by 6 basis points to 4.03% from 4.09%, which decreased interest income by $61 thousand. Interest income on securities decreased by $14 thousand for the first quarter of 2021 compared to the first quarter of 2020. The decrease in interest income on securities primarily resulted from a decrease of $533 thousand in the average balance of securities and a decrease of 41 basis points in the average interest rate earned on securities. Other interest income decreased by $65 thousand for the first quarter of 2021 compared to the first quarter of 2020. The decrease was primarily due to a decrease of 111 basis points in the average rate earned on interest-bearing deposits, which decreased interest income by $129 thousand, partially offset by the effects of an increase of $70.1 million in the average balance of interest-earning deposits, which increased interest income by $76 thousand. In addition, there was a decrease of $12 thousand in dividends earned on Federal Home Loan Bank (“FHLB”) stock during the first quarter of 2021, compared to the first quarter of 2020 due to a decrease of 200 basis points in the average rate earned on FHLB stock, which decreased interest income by $17 thousand, partially offset by an increase of $309 thousand in the average balance of FHLB stock, which increased interest income by $5 thousand. Interest expense on deposits decreased to $383 thousand for the first quarter of 2021 from $1.1 million for the first quarter of 2020. The decrease of $672 thousand in interest expense on deposits was primarily due to a decrease of 87 basis points in the average cost of deposits, which offset growth of $4.2 million in total average deposits. The increase in average deposits was primarily due to growth in NOW accounts, savings accounts, and money market accounts. Interest expense on borrowings decreased by $69 thousand for the first quarter of 2021 compared to the first quarter of 2020. The decrease in interest expense on borrowings reflected a decrease of 27 basis points in the overall cost of borrowings, which decreased interest expense by $74 thousand, offset by a net increase of $1.6 million in the average balance of borrowings, which increased interest expense by $5 thousand. Loan Loss Provision/Recapture As a small banking institution, Broadway is not required to adopt the Currently Expected Credit Losses, or CECL, accounting standard until 2023; consequently, Broadway Bank’s allowance for loan and lease losses (“ALLL”) is based on evidence available at the date of preparation of its financial statements, rather than on projections of future economic conditions over the life of the loans. In determining the adequacy of the ALLL within the context of the current uncertainties posed by the COVID-19 Pandemic, management has considered the historical and current performance of the Bank’s portfolio, as well as various measures of the quality and safety of the portfolio, such as debt servicing and loan-to-value ratios. As of March 31, 2021, Broadway Bank had no delinquencies in its loan portfolio. Management is continuing to monitor the loan portfolio and regularly communicating with borrowers to determine the continuing adequacy of the ALLL. Broadway Bank did not record any loan loss provision or recapture during the first quarter of 2021, but recorded a net loan loss provision of $29 thousand during the first quarter of 2020 for economic uncertainties related to the COVID-19 Pandemic. At March 31, 2021, the Bank maintained its ALLL at $3.2 million, the same as December 31, 2020. No loan charge-offs were recorded during the quarters ended March 31, 2021 and 2020. At March 31, 2021, the ALLL was 0.88% of Broadway Bank’s gross loans receivable held for investment, as compared to 0.84% at March 31, 2020 and 0.88% at December 31, 2020. The ALLL was 423.0% of total non-performing loans at March 31, 2021 compared to 1,146.8% at March 31, 2020. The decrease in the ratio was primarily due to an increase in non-performing loans from $280 thousand at March 31, 2020 to $760 thousand at March 31, 2021, primarily due to the addition of one church loan with a balance of $480 thousand. The ALLL was 408.5% of total non-performing loans at December 31, 2020. The Bank has not had any real estate owned from foreclosures (“REO”) since the sale of a single REO property in April 2019. Non-interest Income Non-interest income for the first quarter of 2021 totaled $123 thousand, compared to $197 thousand for the first quarter of 2020. The decrease in non-interest income of $74 thousand was primarily due to decreases in service charges on deposits of $51 thousand, net gain on sales of loans of $7 thousand and other miscellaneous fees of $16 thousand. Non-interest Expense Total non-interest expense was $8.6 million for the first quarter of 2021, compared to total non-interest expense of $3.1 million for the first quarter of 2020. The increase of $5.5 million was primarily due to $5.4 million of costs associated with the merger, including compensation and benefits expense of $3.4 million, $1.8 million in professional service expense, and $213 thousand in insurance expense. The merger-related compensation expenses were primarily comprised of $3.2 million of severance for Broadway’s executive officers, $120 thousand related to the termination of Broadway’s Director Emeritus Policy, and $109 thousand from the accelerated vesting of restricted stock awards. The merger-related professional service expenses were primarily comprised of $933 thousand for financial advisory fees, $478 thousand for legal fees, $185 thousand for printing, mailing, and proxy solicitor costs, and $140 thousand for audit, tax, and consulting fees. In addition, Broadway incurred additional insurance costs of $213 thousand related to the merger for D&O tail insurance for the former directors and officers of Broadway and Broadway Bank. Income Taxes Income taxes are computed by applying the statutory federal income tax rate of 21% and the California income tax rate of 10.84% to taxable income. Broadway recorded income tax benefits of $2.2 million and $50 thousand for the first quarter of 2021 and 2020, respectively. The increase of $2.1 million in income tax benefit during the first quarter of 2021 compared to the same period of 2020 was primarily due to the increase in pretax loss caused by merger-related expenses and low-income housing tax credits. Broadway had no valuation allowance on its deferred tax assets, which totaled $7.1 million and $5.6 million at March 31, 2021 and December 31, 2020, respectively. As previously reported, Broadway expects to record a partial write-down of its deferred tax assets during the second quarter of 2021 because the number of shares sold in the private placements completed on April 6, 2021 exceeded the threshold under the federal tax code that triggers limitations on the use of those assets. Based on currently available data and the stock price on the merger date, the write-down is expected to be approximately $700 thousand. Balance Sheet Summary Total assets decreased by $3.8 million to $479.6 million at March 31, 2021 from $483.4 million at December 31, 2020. The decrease in total assets primarily consisted of decreases in cash and cash equivalents of $8.0 million and investment securities available-for-sale of $675 thousand, offset by increases in loans receivable held for investment of $2.4 million, deferred tax assets of $1.5 million, and other assets of $1.2 million. Loans held for investment, net of the allowance for loan losses, increased by $2.4 million to $362.5 million at March 31, 2021, compared to $360.1 million at December 31, 2020. The increase was primarily due to loan originations of $23.9 million in multi-family loans and other CRE loans, offset by loan repayments of $21.6 million during the first quarter of 2021. During the first quarter of 2020, the Bank did not originate any loans held for investment. The Bank had no loans held for sale as of March 31, 2021 and December 31, 2020. Deposits decreased by $3.3 million to $312.3 million at March 31, 2021 from $315.6 million at December 31, 2020, which consisted of decreases of $17.1 million in certificates deposit, $2.8 million in CDARS, and $499 thousand in deposits gathered from a deposit listing service, offset by an increase of $17.1 million in liquid deposits (NOW, demand, money market, and passbook accounts). Total borrowings decreased by $255 thousand to $113.6 million at March 31, 2021 from $113.8 million at December 31, 2020 due to a quarterly principal payment on the junior subordinated floating rate debentures. There was no change in FHLB advances during the first quarter of 2021. Other liabilities increased by $4.1 million to $8.4 million at March 31, 2021 from $4.3 million at December 31, 2020. The increase was primarily due to accruals for various expenses related to the merger with CFBanc Corporation. Stockholders' equity was $45.1 million, or 9.40% of Broadway’s total assets, at March 31, 2021, compared to $48.9 million, or 10.11% of Broadway’s total assets, at December 31, 2020. Broadway’s book value was $1.62 per share as of March 31, 2021, compared to $1.74 per share as of December 31, 2020. At March 31, 2021, the Bank’s Total Capital ratio (Total Capital to Total Risk-Weighted Assets) was 17.95%, and its Leverage ratio (Tier 1 Capital to Adjusted Total Assets) was 8.89%, compared to a Total Capital ratio of 20.20% and a Leverage ratio of 9.54% at December 31, 2020. On April 6, 2021, Broadway completed the sale of 18,474,000 shares of common stock in the previously announced private placements with institutional and accredited investors, raising $32.9 million in gross proceeds. Broadway intends to use the net proceeds of approximately $30.9 million for general corporate purposes, including originating loans supporting investments in multifamily affordable housing, small businesses, and nonprofit community facilities located in the low-to-moderate income communities in Southern California and the Metropolitan Washington, D.C. area that are served by Broadway’s wholly owned bank subsidiary, City First Bank, National Association. About Broadway Financial Corporation Broadway Financial Corporation conducts its operations through its wholly-owned banking subsidiary, which is the leading community-oriented bank in Southern California and, following the merger, in the Washington, D.C. market serving low-to-moderate income communities. We offer a variety of residential and commercial real estate loan products for consumers, businesses, and non-profit organizations, other loan products, and a variety of deposit products, including checking, savings and money market accounts, certificates of deposits, and retirement accounts. Shareholders, analysts and others seeking information about the Company are invited to write to: Broadway Financial Corporation, Investor Relations, 5055 Wilshire Blvd., Suite 500, Los Angeles, CA 90036. Cautionary Statement Regarding Forward-Looking Information This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements often include words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions, but the absence of such words or expressions does not mean a statement is not forward-looking. These forward-looking statements are based upon our management’s current expectations and involve known and unknown risks and uncertainties. Actual results or performance may differ materially from those suggested, expressed, or implied by the forward-looking statements due to a wide range of factors. Such risk factors include, among others: uncertainty as to the duration, scope and impacts of the COVID-19 pandemic; political and economic uncertainty, including the possibility of declines in global economic conditions or the stability of credit and financial markets; changes in the monetary and fiscal policies of the U.S. Government, including policies of the United States Department of the Treasury and the Federal Reserve Board; changes in legislation, regulation, policies or administrative practices, whether by judicial, governmental, or legislative action, and other changes pertaining to banking, securities, taxation, financial accounting and reporting, and environmental protection and our ability to comply with such changes in a timely manner; possible effects of changes in real estate markets and interest rates, which may affect our net income and future cash flows, or the market value of our assets, including investment securities; risks related to disruption of management time from ongoing business operations due to the merger, the dilutive effect of shares of our common stock issued in the merger and private placement transactions; the risk of possible adverse rulings, judgments, settlements and other outcomes of litigation; the risk that the merger could have an adverse effect on our ability to retain customers, retain and hire key personnel and on our operating results and business generally; the risk that problems may arise in successfully integrating the businesses of the pre-merger companies, which may result in the combined company not operating as effectively and efficiently as expected, or that the we may not be able to successfully integrate the businesses of the pre-merger companies; the risk that we may be unable to achieve synergies or other anticipated benefits of the merger or that it may take longer than expected to achieve those synergies or benefits; the risk that operational issues stemming from, and/or capital spending necessitated by, the potential need to adapt to industry changes in information technology systems, on which we are highly dependent, and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond our control. Additional factors that could cause results to differ materially from those described above can be found in our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K or other filings made with the SEC and are available on our website at https://www.broadwayfederalbank.com/financial-highlights and on the SEC’s website at http://www.sec.gov. Forward-looking statements in this press release speak only as of the date they are made, and we undertake no obligation, and do not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this communication, except to the extent required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. $ 88,156 $ 96,109 10,023 10,698 - - 365,735 363,344 (3,215 ) (3,215 ) 362,520 360,129 479,594 483,378 312,315 315,630 110,500 110,500 3,060 3,315 45,076 48,885 $ 1.62 $ 1.74 9.40 % 10.11 % 0.21 % 0.22 % 0.16 % 0.16 % 0.88 % 0.88 % 423.03 % 408.51 % $ 760 $ 787 - - - - $ 760 $ 787 $ - $ - Three Months Ended March 31, 2021 2020 $ 3,777 $ 4,571 932 1,673 2,845 2,898 - 29 2,845 2,869 123 197 (8,627 ) (3,149 ) (5,659 ) (83 ) (2,172 ) (50 ) $ (3,487 ) $ (33 ) $ (0.13 ) $ - $ 23,961 $ 65,939 (0.00 )%(2) (0.00 )%(2) -2.88 %(2) -0.03 %(2) -28.66 %(2) -0.27 %(2) 2.40 %(2) 2.47 %(2) (1 ) (2 )
- 05/03/2021
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Broadway Financial Corporation and CFBanc Corporation Complete Merger of Equals
- LOS ANGELES & WASHINGTON--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway") (Nasdaq-CM: BYFC) and CFBanc Corporation (“CFB”) jointly announced that they closed their merger of equals today. As a result of the merger, Broadway, with its wholly owned bank subsidiary, City First Bank, National Association (collectively, “CityFirstBroadway”) is the largest Black-led Minority Depository Institution (“MDI”) in the nation, with more than $1 billion in combined assets under management and ov
- 04/01/2021
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Stockholders of Broadway Financial Corporation and CFBanc Corporation Approve Merger
- WASHINGTON & LOS ANGELES--(BUSINESS WIRE)--Stockholders of Broadway Financial Corporation and CFBanc Corporation Approve Merger
- 03/17/2021
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Leading Independent Proxy Advisory Firms Recommend That Broadway Financial Corporation Stockholders Vote “FOR” the Pending Merger of Equals with CFBanc Corporation
- LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”) (NASDAQ Capital Markets: BYFC), today announced that the leading independent proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC, have recommended that Broadway stockholders vote “FOR” the pending merger with CFBanc Corporation. The merger will create the largest African American-led Minority Depository Institution in the United States, with more than $1 billion in combine
- 03/10/2021
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Broadway Financial Corporation Announces Additional Commitments in Private Placement of Common Stock
- LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”) (NASDAQ: BYFC) today announced the execution of additional stock purchase agreements with institutional and accredited investors to raise an additional $20.2 million, adding to the three previous stock purchase agreements announced on November 25, 2020. Together with the previously announced capital commitments, the private placements represent total commitments for 18.474 million shares of Broadway's common stock, at an
- 02/23/2021
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Broadway Financial Corporation and CFBanc Corporation Announce Receipt of Regulatory Approvals for Merger
- WASHINGTON & LOS ANGELES--(BUSINESS WIRE)--Broadway Financial Corporation (“Broadway”) (NASDAQ: BYFC) and CFBanc Corporation (“City First”) jointly announced today that they have received the regulatory approvals required to complete their proposed merger of equals transaction from the Office of the Comptroller of the Currency on December 24, 2020 and from the Federal Reserve Bank of San Francisco acting on behalf of the Board of Governors of the Federal Reserve System on December 28, 2020. Pur
- 01/04/2021
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Broadway Takes Another Hit—Shut Until June—While Producers Plot a Comeback
- The key to reopening will be ingenuity, and learning from our European counterparts
- 10/17/2020
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‘Moulin Rouge’ Star Could Still Lose a One-Man Race for the Tony
- In an already strange year for Broadway, theatrical veteran Aaron Tveit is the only nominee for best lead actor in musical; “a huge honor.”
- 10/16/2020
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Pfizer and BioNTech Vaccine Could Be Ready By the End of November. We’re All Winners.
- Trump, Biden square off in dueling town halls, U.S. Covid-19 cases reach a third peak, date set for committee vote on Barrett nomination, and other news to start your day.
- 10/16/2020
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‘Jagged Little Pill’ and ‘Moulin Rouge!’ to Vie for Tonys
- “Jagged Little Pill” and “Moulin Rouge! The Musical,” were among Tony nominees for a Covid-curtailed Broadway season. “Slave Play” and “The Inheritance” both won multiple nominations.
- 10/15/2020
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Bracing for a cold winter, New Yorkers don’t hold out much hope that the city will recover from COVID-19 anytime soon
- The impact of COVID-19, the disease caused by SARS-CoV-2, continues to weigh most heavily on people of color in New York.
- 10/15/2020
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Carney: Broadway Breaking Law by Pledging to Stay Shut until May 2021
- A trade association of theater owners and producers announced there would be no ticket sales through May 2021. That may not be legal.
- 10/09/2020
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Broadway shutdown due to virus extended again until May 30
- Fans of Broadway will have to wait a little longer for shows to resume — until at least late May
- 10/09/2020
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Broadway to remain closed through May 2021
- Broadway will extend its performance shutdown through May 2021 due to the COVID-19 pandemic.
- 10/09/2020
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Broadway won’t reopen until June 2021 because of the pandemic — 3 reasons why theaters will be closed for so long
- ‘Our audience has to be safe no matter what age they are,’ said Charlotte St. Martin, president of the Broadway League, but she acknowledges social...
- 10/09/2020
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Mark Humphries: the 10 funniest things I have ever seen (on the internet)
- We asked Australian comedians what tickles their funny bone online. Mark Humphries begins at a botched beginning
- 09/16/2020
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Broadway Financial Corporation and CFBanc Corporation to Combine to Create the Largest Black-Led Minority Depository Institution in the U.S.
- CFBanc Corporation and Broadway Financial Corporation (“Broadway,” Nasdaq: BYFC) announce they have entered into a transformational merger agreement
- 08/26/2020
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Broadway Financial Corporation Announces Results for 2nd Quarter 2020
- Broadway Financial Corporation (the "Company") (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the "Bank", and collectively, with the Company, "Broadway"), today reported net income of $216 thousand, or $0.01 per diluted share, for the second quarter of 2020, compared to a net loss of $135 thousand, or ($0.01) per diluted share, for the second quarter of 2019.
- 08/04/2020
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Broadway Financial Corporation Announces Results for 2nd Quarter 2020
- Broadway Financial Corporation (the “Company”) (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the “Bank”, and collect
- 08/04/2020
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Broadway Financial (NASDAQ:BYFC) Share Price Passes Above 50 Day Moving Average of $1.89
- Broadway Financial Corp (NASDAQ:BYFC)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.89 and traded as high as $2.25. Broadway Financial shares last traded at $2.03, with a volume of 1,238,282 shares. Separately, ValuEngine cut shares of Broadway Financial from […]
- 07/16/2020
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Broadway Group tekankan ekonomi digital jawab tantangan bisnis kuliner
- Wabah virus corona menciptakan tantangan bisnis tersendiri bagi pengusaha kuliner, tak terkecuali bagi Broadway Group yang bergerak di bidang bisnis leisure, ...
- 07/10/2020
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.51%
- U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.51%
- 07/07/2020
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5 Banks Outperforming the Market
- Auburn National tops the list Continue reading...
- 07/01/2020
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Netflix will shift US$100M of cash into black-owned banks - BNN Bloomberg
- Netflix Inc. will shift as much as US$100 million to lenders that serve the Black community, making it the largest company yet to pledge cash to historically underfunded financial institutions.
- 06/30/2020
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Netflix to shift $100 million into Black-run banks, credit unions
- The online TV giant will start by moving $25 million to a fund that invests in minority-run financial institutions that serve low-income communities and depositing $10 million into Hope Credit Union in Jackson, Miss.
- 06/30/2020
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Netflix to shift $100 million of cash into Black-owned banks
- The company says executive Aaron Mitchell came up with the idea following an April dinner with leaders from different under-represented groups.
- 06/30/2020
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BROADWAY FINANCIAL CORP DE : Other Events, Financial Statements and Exhibits (form 8-K) | MarketScreener
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Broadway Financial (NASDAQ:BYFC) Trading Down 18.6%
- Broadway Financial Corp (NASDAQ:BYFC) shares fell 18.6% during mid-day trading on Wednesday . The stock traded as low as $2.44 and last traded at $2.09, 2,887,974 shares were traded during trading. A decline of 75% from the average session volume of 11,401,142 shares. The stock had previously closed at $2.56. Separately, ValuEngine lowered Broadway Financial […]
- 06/26/2020
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Em decadência desde a crise financeira, bancos para clientes negros voltam a ganhar visibilidade nos EUA
- Os “black banks”, bancos para clientes negros nos Estados Unidos, que estavam em vias de desaparição após a crise financeira de 2008, voltam a ganhar interesse em meio a mobilizações antirracismo.
- 06/24/2020
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Is capital haul too much of a good thing for Black-run banks?
- The movement encouraging investment in banks run by African American management teams gained huge momentum in recent weeks, but a spat between one of those lenders and an activist investor highlights the potential downside.
- 06/24/2020
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El inesperado éxito bursátil de los bancos dedicados a la clientela negra
- En los Estados Unidos, varios bancos dedicados a personas de la comunidad negra han experimentado en los últimos días su cuarto de hora de fama, registrando subidas exponenciales en el mercado de val…
- 06/24/2020
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Aujourd'hui l'économie - Pourquoi les banques américaines dédiées à la clientèle noire cartonnent à la bourse
- Aux États-Unis plusieurs banques dédiées à la clientèle noire ont eu leur quart d’heure de célébrité la semaine dernière, enregistrant des hausses exponentielles à la bourse.
- 06/24/2020
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Nasdaq Grabs Record High, Dow Keeps Climbing - Schaeffer's Investment Research
- The Nasdaq grabbed a new high and is eyeing its eighth straight win, while the Dow and S&P 500 are also looking at impressive gains of their own
- 06/23/2020
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Unlikely Stocks Soar as Societal Issues and Speculation Collide
- While Corporate America is taking steps in reaction to the recent protests, including cosmetic ones, shares of some black-owned companies are being frantically bid up.
- 06/20/2020
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Barron's Picks And Pans: Brunswick, Cloudflare, Gilead And More
- This weekend's Barron's cover story at the high cost of income inequality.
Other featured articles look to play the growing tech divide, industrials for the recovery and...
- 06/20/2020
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Stocks of Black-Owned Companies Surge on Juneteenth Holiday
- Trading in the shares of several black-owned public companies surged Friday after investors looked for ways to support black-owned businesses on the Juneteenth holiday.
- 06/19/2020
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Broadway landlord Philip J. Smith retires from Shubert
- Smith, 88, has been with the company for more than six decades.
- 06/19/2020
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European Activism Emerging From The COVID-19 Lockdown - ValueWalk
- There are early signs that European activism is emerging from the COVID-19 lockdown, with some activists already deploying money
- 06/19/2020
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Shubert Organization Chairman Philip J. Smith Announces Retirement After 63 Years With Broadway Company
- Philip J. Smith, Chairman and Co-CEO of The Shubert Organization, has announced his retirement, effective June 30, after 63 years with Broadway’s largest theater owner and producer. A major f…
- 06/19/2020
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.80%
- U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.80%
- 06/19/2020
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Broadway invalidates activist investor's proxy challenge
- The Los Angeles company said Commerce Mortgage, founded by former bank CEO Steven Sugarman, wasn't a shareholder by the record date for its annual meeting, even though the firm reported a 9.7% stake earlier this year.
- 06/17/2020
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Broadway Financial Corporation Files Supplement to Proxy Statement for Annual Meeting
- Broadway Financial Corporation (the “Broadway”) (NASDAQ Capital Market: BYFC) reported today that it has filed a supplement with the Securities and Ex
- 06/16/2020
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Broadway Financial (NASDAQ:BYFC) Stock Price Passes Above 50 Day Moving Average of $1.38
- Broadway Financial Corp (NASDAQ:BYFC) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.38 and traded as high as $1.54. Broadway Financial shares last traded at $1.47, with a volume of 14,797 shares. Separately, ValuEngine raised Broadway Financial from a “sell” rating to […]
- 05/27/2020
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Broadway Financial Reports Q1 Interest Income $4.571M Up From $4.373M YoY
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Broadway Financial Corporation Announces Results for 1st Quarter 2020
- Broadway Financial Corporation (the "Company") (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the "Bank", and collectively, with the Company, "Broadway"), today reported a net loss of $33 thousand, or $0.00 per share, for the first quarter of 2020, compared to net income of $277 thousand, or $0.01 per diluted share, for the first quarter of 2019.
- 05/11/2020
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Broadway Financial Corporation Announces Results for 1st Quarter 2020
- Broadway Financial Corporation (the “Company”) (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the “Bank”, and collect
- 05/11/2020
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A Bronx Bodega’s Struggle to Tap Government Loans, and Survive
- Muhannad “Manny” Assi, owner of Broadway 1 Mini Mart in the Bronx, struggled to apply for an SBA loan, but the Paycheck Protection Program has run out of cash.
- 04/16/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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The Broadway Financial (NASDAQ:BYFC) Share Price Is Down 39% So Some Shareholders Are Getting Worried
- In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
- 03/19/2020
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Broadway echa el telón
- La meca del teatro mundial cierra tras la prohibición de las reuniones de más de 500 personas en Nueva York
- 03/12/2020
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Broadway Financial Q4 EPS Less Than $(0.01) Down From $0.01 YoY
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Broadway Financial Corporation Announces Results for Fourth Quarter and Full Year 2019
- Broadway Financial Corporation (the "Company") (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the "Bank"), today reported a net loss of $69 thousand, or less than $0.01 per share, for the fourth quarter of 2019 compared to net income of $275 thousand, or $0.01 per diluted share, for the fourth quarter of 2018.
- 02/27/2020
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Fed's ownership rule could open door to more activist investors
- Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.
- 02/19/2020
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Contrasting Provident Financial Services (NYSE:PFS) and Broadway Financial (NYSE:BYFC)
- Provident Financial Services (NYSE:PFS) and Broadway Financial (NASDAQ:BYFC) are both small-cap finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their analyst recommendations, earnings, dividends, institutional ownership, risk, profitability and valuation. Valuation & Earnings This table compares Provident Financial Services and Broadway Financial’s revenue, earnings […]
- 02/15/2020
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L.A. bank, big investor clash over approaches to serving underbanked
- Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.
- 02/13/2020
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Broadway Financial in California pressed to sell by Sugarman-led group
- Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.
- 02/12/2020
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6 Banks—Regional Stocks Moving In Wednesday's Session
- Gainers
• Franklin Finl Network, Inc. (NYSE:FSB) shares moved upwards by 12.7% to $38.49 during Wednesday's regular session. The most recent rating by Piper Jaffray, on...
- 01/22/2020
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29 Financial Services Stocks Moving In Wednesday's Session
- Gainers
• LexinFintech Holdings, Inc. (NASDAQ:LX) shares rose 13.6% to $16.61 during Wednesday's regular session. The most recent rating by Bank of America, on November...
- 01/22/2020
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Does Broadway Financial Corporation's (NASDAQ:BYFC) CEO Pay Compare Well With Peers?
- Wayne-Kent Bradshaw became the CEO of Broadway Financial Corporation (NASDAQ:BYFC) in 2012. First, this article will...
- 01/18/2020
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ABC MADRID 25-06-1935 página 29 - Archivo ABC
- A B C. MARTE $25 DE JUNIO DE 1935- EDICIÓN DE- LA MAÑANA. PAG. 29. EN UN CHOQUE DE A V I O N E S EN UN AEROPUERTO DE COLOMPI A, P E R E C E N CARB... - Archivo ABC
- 01/02/2020
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What You Must Know About Broadway Financial Corporation's (NASDAQ:BYFC) Beta Value
- If you own shares in Broadway Financial Corporation (NASDAQ:BYFC) then it's worth thinking about how it contributes to...
- 11/08/2019
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Broadway Financial Q3 EPS $(0.01) Down From $0.03 YoY
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Broadway Financial Corporation Announces Results for 3rd Quarter 2019
- Broadway Financial Corporation , parent company of Broadway Federal Bank, f.s.b. , today reported a net loss of $279 thousand, or per diluted share, for the third quarter of 2019, compared to net income of $751 thousand, or $0.03 per diluted share, for the third quarter of 2018.
- 11/04/2019
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Broadway Financial reports Q3 results
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Could The Broadway Financial Corporation (NASDAQ:BYFC) Ownership Structure Tell Us Something Useful?
- A look at the shareholders of Broadway Financial Corporation (NASDAQ:BYFC) can tell us which group is most powerful...
- 09/23/2019
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Broadway Financial Corporation Announces Adoption of Stockholder Rights Plan
- Broadway Financial Corporation (the “Company”) (NASDAQ Capital Market: BYFC), the parent company of Broadway Federal Bank, f.s.b., today announced that its board of directors approved a stockholder rights plan (the “Rights Plan”) on September 10, 2019. The board’s purpose in adopting the Rights Plan is to protect the Company’s stockholders against the possibility of attempts to acquire control of or influence over the Company through open market or privately negotiated purchases of the Company’s common stock without payment of a fair price to all of the Company’s stockholders or through other tactics that do not provide fair treatment to all stockholders.
- 09/11/2019
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Vista Oil & Gas leads financial gainers, X Financial and EverQuote among losers
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Broadway Financial Q2 EPS $(0.01) vs $0.00 In Same Qtr. Last Year
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Broadway Financial reports Q2 results
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What Did Broadway Financial Corporation's (NASDAQ:BYFC) CEO Take Home Last Year?
- Wayne-Kent Bradshaw has been the CEO of Broadway Financial Corporation (NASDAQ:BYFC) since 2012. This analysis aims...
- 08/06/2019
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Volatility 101: Should Broadway Financial (NASDAQ:BYFC) Shares Have Dropped 33%?
- It's nice to see the Broadway Financial Corporation (NASDAQ:BYFC) share price up 12% in a week. But that is minimal...
- 07/01/2019
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MoneyGram International leads financial gainers, Mmtec and GWG Holdings among losers
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Broadway Financial Q1 EPS $0.01 Vs. $0.00 In Q1 Of FY18
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Broadway Financial Q1 EPS $0.01 vs $0.00 In Same Qtr. Last Year
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Broadway Financial reports Q1 results
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China Internet Nationwide Financial Services leads financial gainers; Carver Bancorp and Broadway Financial among losers
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Broadway Financial reports Q4 results
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Senmiao Technology and Grupo Supervielle only financial gainers; HCI Group and Mmtec among losers
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Broadway Financial leads financial gainers; Medley Management and Yirendai among losers
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Kingsway Financial Services leads financial gainers; Elbit Imaging and Camping World Holdings among losers
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PPDAI Group and Loop Industries among financial gainers; Maiden Holdings and EverQuote among losers
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Broadway Financial Q3 EPS $0.03 Up From $0.02 YoY
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Broadway Financial reports Q3 results
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Financials - Top 5 Gainers / Losers as of 1:00 PM (10/17/2018)
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Stocks Which Set New 52-Week Low Yesterday, October 11th
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Stocks Which Set New 52-Week Low Yesterday, October 9th
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Stocks Which Set New 52-Week Low Friday, October 5th
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Stocks Which Set New 52-Week Low Yesterday, October 1st
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Broadway Financial Q2 2018 EPS $0.00 vs $0.02 In Same Qtr. Last Year, Book Value $1.73/Share vs $1.74/Share Year Over Year
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31 Stocks Moving In Thursday's Mid-Day Session
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Broadway Financial Q1 EPS $0.00 vs $0.05 In Prior Year Period
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Broadway Financial reports Q4 results
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Broadway Financial Reports Q3 EPS $0.02 vs $0.01 In Same Qtr. Last Year, NII $3.239M
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Broadway Financial Reports Q2 EPS $0.02 vs $0.01 In Same Qtr. Last Year
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Broadway Financial Corporation Reports Sale of 1.83M Shares by U.S. Treasury to Two Southern California Based Banks At Price Of $1.90/Share
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Broadway Financial reports Q4 results
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Broadway Financial reports Q3 results
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Broadway Financial Corp Reports Q2 EPS $0.01 vs. Prior Year Quarter $0.04
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Broadway Financial Reports Q1 EPS $0.02
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Broadway Financial Reports Q4 EPS $0.19 vs $0.03 in the Same Qtr. Last Year
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Broadway Financial Corp. Reports Q3 EPS $0.03 vs. Prior Year Quarter $0.04
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Broadway Financial Corp. REports EPS $0.04 vs. Prior Year Quarter Breakeven
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Broadway Financial Files Shelf For 19M Shares To Holders
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Broadway Financial Reports Q1 EPS $0.04, no estimates
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Broadway Financial Q4 EPS $0.03
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- 08/14/2014
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Banking Crisis is Over, But TARP Bailout is Still Kicking
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Broadway Financial Corp. Reports Operating Results (10-Q)
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Benzinga's Microcap Movers for Friday September 28, 2012
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Broadway Financial/Del Reports Q2 EPS $0.81
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Broadway Financial Corp. Reports Operating Results (10-Q)
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Broadway Financial Corporation Reports Receipt of Nasdaq Deficiency Letter
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Broadway Financial Enters Definitive Agreement With Holder of Series A Preferred Stock to Exchange for Common Stock
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Broadway Federal Bank Announces Leadership Transition; Promotes Wayne Bradshaw to CEO
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Broadway Financial Corporation Reports Receipt of Nasdaq Compliance Letter
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Broadway Financial Corporation Reports Receipt of Nasdaq Deficiency Letter
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Broadway Financial Corporation Announces Resignation of Elrick Williams from Board of Directors
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Top Banking stocks to buy now- TREE, FBSI, NCBC, MERR, NBN, CARV, HNB, BCAR, CLBH, BYFC, SCMF…
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Mid-Day Market Movers (CIMT, BYFC, PDEX, PDII)
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Mid-Day Market Movers (RMX, CCBP, AAU, BYFC)
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BYFC Soars On 49% Rise In Q1 Earnings
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