BROADWAY FINANCIAL CORP \DE\ BYFC
outstanding capital stock of Broadway Federal Savings and Loan Association as part of the bank's conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion,
the bank's name was changed to Broadway Federal Bank, f.s.b. ("Broadway Federal"). In 1996, the conversion was completed and Broadway Federal became a wholly‑owned subsidiary of the Company.
In 2021, the Company completed its merger (the "Merger") with CFBanc Corporation ("CFBanc"), with the Company continuing as the surviving entity.
Immediately following the Merger, Broadway Federal 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 (combined with Broadway Federal, "City
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $184.0K | $155.0K | $179.0K | $145.0K | $249.0K | $420.0K | $491.0K | $449.0K | $446.0K | $15.3M |
| Interest expense | $33.1M | $31.8M | $29.5M | $3.4M | $3.7M | $5.5M | $6.4M | $4.9M | $4.3M | $3.9M |
| Pre-tax income | -$24.5M | $2.8M | $6.3M | $8.1M | -$4.9M | -$1.0M | -$551.0K | $871.0K | $3.7M | $1.3M |
| Income tax | $338.0K | $815.0K | $1.9M | $2.4M | $937.0K | $407.0K | $345.0K | $56.0K | $1.9M | $2.2M |
| Net income | -$24.8M | $1.9M | $4.3M | $5.6M | -$4.0M | -$642.0K | -$206.0K | $815.0K | $1.9M | $3.5M |
| EPS, basic | -3.23 | 0.04 | 0.49 | 0.62 | -0.07 | -0.02 | -0.01 | 0.03 | 0.07 | 0.12 |
| EPS, diluted | -3.23 | 0.04 | 0.49 | 0.62 | -0.07 | -0.02 | -0.01 | 0.03 | 0.07 | 0.12 |
| Shares, diluted (wtd. avg.) | $8.6M | $8.6M | $8.7M | $9.1M | $60.2M | $27.2M | $26.8M | $26.8M | $26.8M | $29.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.5M | $61.4M | $105.2M | $29.6M | $231.5M | $96.1M | $15.6M | $16.7M | $22.2M | $18.4M |
| Property, plant and equipment | $8.7M | $8.9M | $10.0M | $10.1M | $10.3M | $2.5M | $2.8M | $2.2M | $2.4M | $2.5M |
| Goodwill | $0 | $25.9M | $25.9M | $25.9M | $26.0M | $0 | — | — | — | — |
| Other intangibles | $1.5M | $1.8M | $2.3M | $2.4M | $2.9M | $0 | — | — | — | — |
| Total assets | $1.35B | $1.33B | $1.26B | $1.24B | $1.09B | $483.4M | $440.4M | $409.4M | $413.7M | $429.1M |
| Total liabilities | $1.08B | $1.05B | $985.1M | $956.3M | $952.4M | $434.5M | $391.5M | $361.0M | $366.0M | $383.6M |
| Retained earnings | -$15.2M | $12.7M | $9.7M | $9.4M | $3.7M | $7.8M | $8.4M | $8.6M | $7.8M | $6.0M |
| Total equity | $262.8M | $285.0M | $281.9M | $279.5M | $141.1M | $48.9M | $48.8M | $48.4M | $47.7M | $45.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $230.0K | $1.4M | $7.6M | $6.3M | $624.0K | -$13.6M | $8.5M | $234.0K | -$10.2M | $930.0K |
| Depreciation and amortisation | $410.0K | $424.0K | $385.0K | $376.0K | $287.0K | $121.0K | $227.0K | $241.0K | $256.0K | $251.0K |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | $32.0K |
| Capital expenditure | $243.0K | $138.0K | $208.0K | $323.0K | $1.1M | $415.0K | $41.0K | $77.0K | $183.0K | $160.0K |
| Investing cash flow | -$79.4M | $28.3M | -$131.5M | -$324.0M | $25.0M | $50.7M | -$39.1M | -$818.0K | $30.2M | -$74.1M |
| Financing cash flow | $28.3M | -$73.5M | $213.0M | $102.2M | $109.8M | $43.4M | $29.5M | -$5.0M | -$16.1M | $23.8M |
| Buybacks | — | — | — | — | — | — | — | — | — | $4.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-018278.
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