Broadway Financial Q2: Loans Surge 10.8%, Deposits Jump 21.5%, Pre-Provision Revenue Soars 82%
BYFC sits 84% above its 52-week low of $5.51 on elevated volume (3.7× avg).
Summary
Broadway Financial reported Q2 2026 net income of $218k ($0.02/share), down from $409k in Q1 but a sharp turnaround from near-breakeven a year ago. Loans grew $110M (10.8%) and deposits surged $197M (21.5%) in the first half, fueling an 82% jump in pre-provision net revenue to $3.0M. Credit quality held steady with non-accrual loans at 0.98%, though a specific reserve on one loan lifted provisions. Capital remains robust with a 13.2% leverage ratio. The deposit growth provides a low-cost funding base that could further boost net interest margins if loan demand persists.
At the time of this announcement, BYFC was trading at $10.16 on NASDAQ in the Finance sector, with a market capitalization of approximately $94.3M. The 52-week trading range was $5.51 to $10.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.