Broadway Financial Corporation (BYFC) Financial Statements (2024 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)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16,105 | 231,520 | 96,109 | 15,566 | 16,651 | 22,219 | |||
| Cash and cash equivalents | 16,105 | 231,520 | 96,109 | 15,566 | 16,651 | 22,219 | |||
| Total current assets: | 16,105 | 231,520 | 96,109 | 15,566 | 16,651 | 22,219 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 889 | 1,100 | 190 | ✕ | ✕ | ||||
| Property, plant and equipment | 10,291 | 10,344 | 2,540 | 2,783 | 2,242 | 2,406 | |||
| Intangible assets, net (including goodwill) | 28,359 | 28,932 | |||||||
| Goodwill | 25,858 | 25,996 | |||||||
| Intangible assets, net (excluding goodwill) | 2,501 | 2,936 | |||||||
| Deferred income tax assets | 11,872 | 6,101 | 5,633 | 5,220 | ✕ | ✕ | |||
| Investment, proportional amortization method, elected, amount | 58 | ||||||||
| Total noncurrent assets: | 51,411 | 46,477 | 8,421 | 8,003 | 2,242 | 2,406 | |||
| Other undisclosed assets | 1,116,777 | 815,508 | 378,848 | 416,800 | 390,504 | 389,079 | |||
| TOTAL ASSETS: | 1,184,293 | 1,093,505 | 483,378 | 440,369 | 409,397 | 413,704 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 158,971 | 70,100 | 27,500 | 33,500 | 8,000 | 27,500 | |||
| Total current liabilities: | 158,971 | 70,100 | 27,500 | 33,500 | 8,000 | 27,500 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 745,670 | 882,305 | 406,993 | 358,021 | 352,961 | 338,473 | |||
| Total liabilities: | 904,641 | 952,405 | 434,493 | 391,521 | 360,961 | 365,973 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 279,482 | 141,000 | 48,885 | 48,848 | 48,436 | 47,731 | |||
| Treasury stock, value | (5,326) | (5,326) | (5,326) | (5,326) | (5,326) | (5,326) | |||
| Additional paid in capital | 143,491 | 140,289 | 46,851 | 46,426 | 46,141 | 46,117 | |||
| Accumulated other comprehensive income (loss) | (17,473) | (551) | 164 | (23) | (283) | (81) | |||
| Retained earnings | 9,294 | 3,673 | 7,783 | 8,425 | 8,631 | 7,816 | |||
| Unearned esop shares | (959) | (1,027) | (1,095) | ||||||
| Other undisclosed equity, attributable to parent | 149,496 | 2,915 | (587) | 305 | 300 | 300 | |||
| Equity, attributable to noncontrolling interest | 170 | 100 | |||||||
| Total equity: | 279,652 | 141,100 | 48,885 | 48,848 | 48,436 | 47,731 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,184,293 | 1,093,505 | 483,378 | 440,369 | 409,397 | 413,704 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30,673 | 23,356 | 17,667 | 16,692 | 14,894 | 17,202 | ||
| Net investment income | 30,673 | 23,356 | 17,391 | 16,488 | 14,824 | 15,969 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (997) | (176) | (29) | |||||
| Gross profit: | 29,676 | 23,180 | 17,638 | 16,692 | 14,894 | 17,202 | ||
| Operating expenses | (7,972) | (10,037) | (4,650) | (3,430) | (2,900) | (8,917) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 1,050 | 922 | 126 | 124 | 113 | 114 | ||
| Operating income: | 22,754 | 14,065 | 13,114 | 13,386 | 12,107 | 8,399 | ||
| Interest and debt expense | (3,409) | (3,749) | (5,475) | (6,386) | (4,929) | (4,348) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (8,688) | (7,551) | (6,307) | (319) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 19,345 | 10,316 | (1,049) | (551) | 871 | 3,732 | ||
| Other undisclosed loss from continuing operations before income taxes | (11,226) | (15,202) | ||||||
| Income (loss) from continuing operations before income taxes: | 8,119 | (4,886) | (1,049) | (551) | 871 | 3,732 | ||
| Income tax expense (benefit) | (2,413) | 937 | 407 | 345 | (56) | (1,863) | ||
| Income (loss) from continuing operations: | 5,706 | (3,949) | (642) | (206) | 815 | 1,869 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (3,949) | (642) | (206) | 815 | 1,869 | ||
| Net income (loss): | 5,706 | (3,949) | (642) | (206) | 815 | 1,869 | ||
| Net loss attributable to noncontrolling interest | (70) | (101) | ||||||
| Net income (loss) attributable to parent: | 5,636 | (4,050) | (642) | (206) | 815 | 1,869 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (32) | (3) | (5) | |||||
| Net income (loss) available to common stockholders, diluted: | 5,604 | (4,050) | (642) | (206) | 812 | 1,864 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 5,706 | (3,949) | (642) | (206) | 815 | 1,869 | ||
| Comprehensive income (loss): | 5,706 | (3,949) | (642) | (206) | 815 | 1,869 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (70) | (101) | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (16,922) | (715) | 187 | 260 | (202) | (44) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (11,286) | (4,765) | (455) | 54 | 613 | 1,825 | ||
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.