Broadway Financial | 8-K: FY2025 Q2 EPS: USD -0.02

LB filings
2025.07.31 21:02
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EPS: As of FY2025 Q2, the actual value is USD -0.02.

EBIT: As of FY2025 Q2, the actual value is USD 854 K.

Net Income

  • Consolidated net income before preferred dividends was $603 thousand for the second quarter of 2025, compared to $269 thousand for the second quarter of 2024.
  • Net loss attributable to common stockholders was - $147 thousand during the second quarter of 2025, compared to net income of $269 thousand for the second quarter of 2024.

Net Interest Margin

  • The net interest margin increased by 22 basis points to 2.63% for the second quarter of 2025, compared to 2.41% for the second quarter of 2024.

Deposits

  • Total deposits increased by $53.5 million, or 7.2%, during the first six months of 2025 compared to December 31, 2024.

Capital Ratios

  • Community Bank Leverage Ratio was 15.69% at June 30, 2025, compared to 13.96% at December 31, 2024.

Credit Quality

  • Non-accrual loans to total loans were at 0.42% and non-performing loans to total assets were at 0.36%.

Borrowings

  • Borrowings were $69.2 million at June 30, 2025, compared to $195.5 million at December 31, 2024, a reduction of $126.3 million, or 64.6%.

Non-interest Expense

  • Non-interest expense was $7.5 million for the second quarter of 2025, compared to $7.3 million for the second quarter of 2024, representing an increase of $242 thousand, or 3.3%.

Income Tax

  • Income tax expense was $257 thousand for the second quarter of 2025 compared to $146 thousand for the second quarter of 2024.

Total Assets

  • Total assets decreased by $76.3 million at June 30, 2025, compared to December 31, 2024.

Outlook / Guidance

  • The company remains focused on executing strategic goals and improving profitability to support growth in low-to-moderate income communities.
  • The CEO expressed optimism about building a stronger balance sheet and improving efficiency.
  • Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results.
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