BROADWAY FINANCIAL CORP \DE\ — Form 8-K

Broadway Financial Corporation (BYFC, $54.2M market cap) reported Q2 2026 net income of $968k before preferred dividends ($218k after), with total assets rising to $1.56B from $1.35B at year-end 2025. Key developments: deposits increased $197M (21.5%) to $1.11B; gross loans grew $110M (10.8%) to $1.14B; pre-provision net revenue surged 82% QoQ to $3.0M; provision for credit losses jumped to $1.5M (vs. $200k Q1) due to a specific reserve on a non-accrual loan; net interest margin compressed 10 basis points QoQ to 2.65% due to higher deposit costs (3.02% vs. 2.91%); non-performing assets remained stable at 0.71% of assets; Community Bank Leverage Ratio of 13.20% indicates strong capital. YTD 2026 net income before preferred dividends was $2.1M vs. loss of $1.9M in first half 2025. CEO cited one-time $500k correction to interest calculations in Q2.