Broadway Financial Corporation Announces Increased Profits for 3rd Quarter 2018
Broadway Financial Corporation - Class A (BYFC)
US:NASDAQ Investor Relations:
broadwayfederalbank.com/investor-relations
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Broadway Financial Corporation (the “Company”) (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the “Bank”), today reported net income of $751 thousand, or $0.03 per diluted share, for the third quarter of 2018, compared to net income of $503 thousand, or $0.02 per diluted share, for the third quarter of 2017. The higher net income during the third quarter of 2018 compared to the third quarter of 2017 primarily resulted from an increase of $700 thousand in loan loss provision recapture, receipt of a grant for $233 thousand from the U.S. Department of the Treasury’s Community Development Financial Institutions (“CDFI”) Fund, and a reduction of $256 thousand in non-interest expense. The increase in net income was partially offset by a decrease of $735 thousand in net interest income and a decrease of $151 thousand in gain on sale of loans.
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BYFC
News
- Broadway Financial Co. (NASDAQ: BYFC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Broadway Financial Co. (NASDAQ: BYFC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Broadway Financial Co. (NASDAQ: BYFC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Broadway Financial Co. (NASDAQ: BYFC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Broadway Financial Co. (NASDAQ: BYFC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
BYFC
Sec Filings
- 4/2/24 - Form NT
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- BYFC's page on the SEC website