BROADWAY FINANCIAL CORP DE (BYFC) Financial Statements (2025 and earlier)

Company Profile

Business Address 5055 WILSHIRE BLVD STE 500
LOS ANGELES, CA 90036
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,19516,105231,52096,10915,56616,651
Cash and cash equivalents105,19516,105231,52096,10915,56616,651
Total current assets:105,19516,105231,52096,10915,56616,651
Noncurrent Assets
Operating lease, right-of-use asset 6558891,100190 
Property, plant and equipment9,84010,29110,3442,5402,7832,242
Intangible assets, net (including goodwill)27,96928,35928,932   
Goodwill25,85825,85825,996   
Intangible assets, net (excluding goodwill)2,1112,5012,936   
Deferred income tax assets9,53811,8726,1015,6335,220
Investment, proportional amortization method, elected, amount    58  
Total noncurrent assets:48,00251,41146,4778,4218,0032,242
Other undisclosed assets1,222,2071,116,777815,508378,848416,800390,504
TOTAL ASSETS:1,375,4041,184,2931,093,505483,378440,369409,397
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt250,113158,97170,10027,50033,5008,000
Total current liabilities:250,113158,97170,10027,50033,5008,000
Noncurrent Liabilities
Other undisclosed liabilities843,194745,670882,305406,993358,021352,961
Total liabilities:1,093,307904,641952,405434,493391,521360,961
Equity
Equity, attributable to parent, including:281,903279,482141,00048,88548,84848,436
Treasury stock, value(5,326)(5,326)(5,326)(5,326)(5,326)(5,326)
Additional paid in capital142,601143,491140,28946,85146,42646,141
Accumulated other comprehensive income (loss)(13,525)(17,473)(551)164(23)(283)
Retained earnings12,5529,2943,6737,7838,4258,631
Unearned esop shares     (959)(1,027)
Other undisclosed equity, attributable to parent145,601149,4962,915(587)305300
Equity, attributable to noncontrolling interest194170100   
Total equity:282,097279,652141,10048,88548,84848,436
TOTAL LIABILITIES AND EQUITY:1,375,4041,184,2931,093,505483,378440,369409,397

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues38,53130,67323,35617,66716,69214,894
Net investment income38,53130,67323,35617,39116,48814,824
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(935)(997)(176)(29)  
Gross profit:37,59629,67623,18017,63816,69214,894
Operating expenses(8,576)(7,972)(10,037)(4,650)(3,430)(2,900)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,0221,050922126124113
Operating income:30,04222,75414,06513,11413,38612,107
Interest and debt expense(17,766)(3,409)(3,749)(5,475)(6,386)(4,929)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (8,688)(7,551)(6,307)
Income (loss) from continuing operations before equity method investments, income taxes:12,27619,34510,316(1,049)(551)871
Other undisclosed loss from continuing operations before income taxes(5,753)(11,226)(15,202)   
Income (loss) from continuing operations before income taxes:6,5238,119(4,886)(1,049)(551)871
Income tax expense (benefit)(1,985)(2,413)937407345(56)
Income (loss) from continuing operations:4,5385,706(3,949)(642)(206)815
Income (loss) before gain (loss) on sale of properties:(3,949)(642)(206)815
Net income (loss):4,5385,706(3,949)(642)(206)815
Net loss attributable to noncontrolling interest(24)(70)(101)   
Net income (loss) attributable to parent:4,5145,636(4,050)(642)(206)815
Preferred stock dividends and other adjustments      
Undistributed earnings (loss) allocated to participating securities, basic(59)(32)   (3)
Net income (loss) available to common stockholders, diluted:4,4555,604(4,050)(642)(206)812

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):4,5385,706(3,949)(642)(206)815
Comprehensive income (loss):4,5385,706(3,949)(642)(206)815
Comprehensive loss, net of tax, attributable to noncontrolling interest(24)(70)(101)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,948(16,922)(715)187260(202)
Comprehensive income (loss), net of tax, attributable to parent:8,462(11,286)(4,765)(455)54613

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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