The strong operating momentum and balance sheet improvement suggest continued margin expansion and profitability. Monitor next quarter for loan growth sustainability and NIM stability. With borrowings at zero, the bank is well-positioned for further growth.
Price Chart
Executive Summary
Broadway Financial reported a strong Q1 2026 turnaround, swinging to net income attributable to common stockholders of $810K (EPS $0.09) from a net loss of $3.4M (EPS -$0.39) in Q1 2025. Net interest income grew 18.9% to $9.6M, the net interest margin improved to 2.91%, and borrowings were eliminated to zero, signaling significantly improved profitability and balance sheet strength.
Key Financial Metrics
Key Facts
- Net income attributable to common stockholders: $810K vs -$3.4M YoY
- Diluted EPS: $0.09 vs -$0.39 YoY
- Net interest income: $9.6M, up 18.9% from $8.0M
- Net interest margin: 2.91%, up 28 basis points from 2.63%
- Borrowings reduced to $0 from $72M at Dec 31, 2025
- Provision for credit losses decreased to $200K from $1.9M
- Non-interest expense decreased 21.4% to $8.0M
- Total loans grew 4.2% and deposits grew 16.9% since year-end
Financial Impact
Turnaround from $3.4M loss to $810K profit; ~$4.3M improvement in pre-tax income
Risk Factors
- Non-performing assets increased to $11.5M (from $11.2M), with non-accrual loans at 1.07% of loans
- Uninsured deposits rose to 46% of total deposits (from 41% year-end), increasing funding risk
- Small market cap ($73M) limits liquidity for significant position sizes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-017451 |
| Document: ef20071637_8k.htm | 0001140361-26-017451 |
| Document: 0001140361-26-017451-index-headers.html | 0001140361-26-017451 |
| Document: 0001140361-26-017451-index.html | 0001140361-26-017451 |
| Document: 0001140361-26-017451.txt | 0001140361-26-017451 |
| 8-K Data (Synthetic) | 0001140361-26-017451 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 13w ago | 8-K | $10.04 $11.32 | ▲ +12.70% | ▲ +7.97% | $11.27 (+12.25%) |
Jun 23, 2026 18w ago | 8-K | $9.58 $11.86 | ▲ +23.80% | ▲ +20.55% | $11.27 (+17.64%) |
Jun 18, 2026 18w ago | 8-K | $9.58 $11.86 | ▲ +23.75% | ▲ +22.00% | $11.27 (+17.64%) |
Apr 30, 2026 25w ago | DEFA14A | $8.12 $10.16 | ▲ +25.12% | ▲ +22.05% | $11.27 (+38.79%) |
Apr 28, 2026 26w ago | 8-K | $7.77 $10.23 | ▲ +31.66% | ▲ +27.55% | $11.27 (+45.05%) |
US Market Status
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