Broadway Financial Corporation (BYFC) 10-Year Financial Performance & Capital Metrics

BYFC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutBroadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit. The company also offers mortgage loans, which are secured by multi-family residential properties; single family residential properties; and commercial real estate, including charter schools, community facilities, and churches, as well as commercial business, construction, and consumer loans. In addition, it invests in securities issued by federal government agencies, residential mortgage-backed securities, and other investments. The company operates through three branch offices. Broadway Financial Corporation was founded in 1946 and is headquartered in Los Angeles, California.Show more

Net Interest Income $32M +7.8%
Total Revenue $64M +21.3%
Net Income $2M -57.3%
Return on Equity 0.68% -57.8%
Net Interest Margin 2.44% +13.8%
Efficiency Ratio 46.88% -9.9%
ROA 0.14% -59.2%
Equity / Assets 21.89% +6.7%
Book Value per Share 31.80 -1.5%
Tangible BV/Share 28.72 -1.2%
Debt/Equity 0.92 -34.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 46.9% efficiency ratio
✓Well capitalized: 21.9% equity/assets
✓Healthy dividend yield of 2.1%
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.7%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.52%

5Y29.16%

3Y31.62%

TTM-

Profit (Net Income) CAGR

10Y-2.69%

5Y-

3Y-

TTM-79.81%

EPS CAGR

10Y-26.59%

5Y-

3Y-

TTM-191.56%

ROCE

10Y Avg0.88%

5Y Avg0.22%

3Y Avg1.4%

Latest0.5%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	11.29M	11.41M	11.94M	10.31M	10.46M	12.17M	21M	32.86M	29.46M	31.77M
NII Growth %	-0.05%	0.01%	0.05%	-0.14%	0.01%	0.16%	0.73%	0.56%	-0.1%	0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	15.15M	15.29M	16.29M	15.24M	16.85M	17.64M	24.75M	36.27M	47.23M	62.21M
Interest Expense	3.86M	3.88M	4.35M	4.93M	6.39M	5.47M	3.75M	3.41M	17.77M	30.44M
Loan Loss Provision	-3.7M	-550K	-1.1M	-1.25M	-7K	29K	176K	997K	933K	664K
Non-Interest Income+	2.91M	799K	1.14M	698K	889K	1.02M	3.21M	1.2M	5.36M	1.55M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	18.06M	16.09M	17.43M	15.94M	17.74M	18.67M	27.97M	37.46M	52.59M	63.76M
Revenue Growth %	0.1%	-0.11%	0.08%	-0.09%	0.11%	0.05%	0.5%	0.34%	0.4%	0.21%
Non-Interest Expense	13.4M	11.51M	10.45M	11.39M	11.91M	14.21M	28.93M	24.94M	27.36M	29.89M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.5M	1.25M	3.73M	871K	-551K	-1.05M	-4.89M	8.12M	6.52M	2.77M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.78%	-0.72%	1.97%	-0.77%	-1.63%	-0.9%	-3.66%	2.66%	-0.2%	-0.58%
Pretax Income+	4.5M	1.25M	3.73M	871K	-551K	-1.05M	-4.89M	8.12M	6.52M	2.77M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-4.57M	-2.23M	1.86M	56K	-345K	-407K	-937K	2.41M	1.99M	814K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	9.07M	3.48M	1.87M	815K	-206K	-642K	-4.05M	5.64M	4.51M	1.93M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	2.59%	-0.62%	-0.46%	-0.56%	-1.25%	-2.12%	-5.31%	2.39%	-0.2%	-0.57%
Net Income (Continuing)	9.07M	3.48M	1.87M	815K	-206K	-642K	-3.95M	5.71M	4.54M	1.95M
EPS (Diluted)+	2.50	0.96	0.56	0.24	-0.06	-0.19	-0.54	0.64	0.51	0.04
EPS Growth %	1.84%	-0.62%	-0.42%	-0.57%	-1.26%	-2.09%	-1.84%	2.19%	-0.2%	-0.92%
EPS (Basic)	2.50	0.96	0.56	0.24	-0.06	-0.19	-0.54	0.64	0.52	0.04
Diluted Shares Outstanding	3.63M	3.64M	3.34M	3.35M	3.35M	3.4M	7.52M	8.81M	8.74M	8.97M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	67.84M	18.43M	22.22M	16.65M	15.57M	96.11M	231.52M	16.11M	105.19M	61.37M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	319.24M	393.39M	375.25M	376.85M	409.02M	370.88M	804.91M	1.1B	1.2B	1.17B
Investments Growth %	0.02%	0.23%	-0.05%	0%	0.09%	-0.09%	1.17%	0.37%	0.09%	-0.03%
Long-Term Investments	305.1M	380.19M	357.76M	362.13M	398.01M	360.19M	648.51M	771.69M	886.61M	1.09B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	26M	25.86M	25.86M	25.86M
Intangible Assets	0	0	0	0	0	0	2.94M	2.5M	2.11M	1.77M
PP&E (Net)	2.57M	2.48M	2.41M	2.24M	2.78M	2.54M	10.34M	10.29M	9.84M	8.9M
Other Assets	7.6M	6.7M	7.64M	7.46M	6.56M	7.01M	4.81M	13.26M	10.8M	19.29M
Total Current Assets	83.06M	32.81M	40.79M	32.52M	27.8M	108.01M	391.29M	348.83M	427.08M	151.32M
Total Non-Current Assets	319.86M	396.27M	372.92M	376.88M	412.57M	375.37M	702.22M	835.47M	948.32M	1.15B
Total Assets+	402.91M	429.08M	413.7M	409.4M	440.37M	483.38M	1.09B	1.18B	1.38B	1.3B
Asset Growth %	0.15%	0.06%	-0.04%	-0.01%	0.08%	0.1%	1.26%	0.08%	0.16%	-0.05%
Return on Assets (ROA)	0.02%	0.01%	0%	0%	-0%	-0%	-0.01%	0%	0%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	77.1M	90.1M	70.1M	75.1M	88.33M	113.81M	151.91M	205.81M	396.79M	262.14M
Net Debt	9.26M	71.67M	47.88M	58.45M	72.77M	17.71M	-79.61M	189.71M	291.6M	200.78M
Long-Term Debt	77.1M	90.1M	70.1M	75.1M	88.33M	113.81M	99.95M	142.34M	323.32M	195.53M
Short-Term Debt	0	0	0	0	0	0	51.96M	63.47M	73.47M	66.61M
Other Liabilities	0	0	1.07M	1.05M	1.03M	787K	0	0	13.88M	10.79M
Total Current Liabilities	278.99M	292.63M	294.8M	284.81M	302.15M	319.89M	852.45M	762.3M	756.11M	812.01M
Total Non-Current Liabilities	77.1M	90.1M	71.17M	76.16M	89.37M	114.6M	99.95M	142.34M	337.2M	206.33M
Total Liabilities	356.75M	383.56M	365.97M	360.96M	391.52M	434.49M	952.4M	904.64M	1.09B	1.02B
Total Equity+	46.16M	45.53M	47.73M	48.44M	48.85M	48.88M	141.1M	279.65M	282.1M	285.38M
Equity Growth %	0.24%	-0.01%	0.05%	0.01%	0.01%	0%	1.89%	0.98%	0.01%	0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.22%	0.08%	0.04%	0.02%	-0%	-0.01%	-0.04%	0.03%	0.02%	0.01%
Book Value per Share	12.70	12.52	14.27	14.48	14.56	14.40	18.77	31.76	32.27	31.80
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	292K	299K	300K	300K	305K	306K	744K	95K	93K	94K
Additional Paid-in Capital	44.67M	45.82M	46.12M	46.14M	46.43M	46.85M	140.29M	144.16M	142.6M	142.9M
Retained Earnings	2.53M	6.01M	7.82M	8.63M	8.43M	7.78M	3.67M	9.29M	12.55M	12.91M
Accumulated OCI	-2K	-103K	-81K	-283K	-23K	164K	-551K	-17.47M	-13.53M	-11.22M
Treasury Stock	-1.33M	-5.33M	-5.33M	-5.33M	-5.33M	-5.33M	-5.33M	-5.33M	-5.33M	-5.33M
Preferred Stock	0	0	0	0	0	0	3M	150M	150M	150M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.16M	930K	-10.23M	234K	8.53M	-13.55M	624K	6.32M	7.59M	1.39M
Operating CF Growth %	9.82%	-0.93%	-12%	1.02%	35.47%	-2.59%	1.05%	9.13%	0.2%	-0.82%
Net Income	9.07M	3.48M	1.87M	815K	-206K	-642K	-3.95M	5.71M	4.51M	1.95M
Depreciation & Amortization	289K	251K	256K	241K	227K	121K	680K	811K	775K	760K
Deferred Taxes	-4.59M	-2.24M	1.85M	0	0	0	369K	0	0	0
Other Non-Cash Items	6.01M	-84K	-15.42M	-1.16M	8.09M	-13.29M	567K	89K	26K	19K
Working Capital Changes	3.44M	-513K	841K	136K	48K	-234K	2.43M	-565K	1.88M	-1.93M
Cash from Investing+	-7.86M	-74.1M	30.15M	-818K	-39.15M	50.71M	25.02M	-323.96M	-100.04M	28.22M
Purchase of Investments	0	-2.5M	-6.68M	0	0	-2M	-16.52M	-215.5M	0	0
Sale/Maturity of Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	84.75M	0	0	0
Other Investing	-7.75M	-74.65M	34.76M	-3.19M	-43.16M	50.59M	-61.22M	-127.46M	-118.23M	-88.77M
Cash from Financing+	40.75M	23.77M	-16.14M	-4.98M	29.53M	43.39M	109.82M	102.22M	181.54M	-73.45M
Dividends Paid	0	0	0	0	0	0	-60K	-15K	0	-1.57M
Share Repurchases	0	-4M	0	0	0	0	0	0	-1.78M	0
Stock Issued	0	1.13M	0	0	0	0	30.84M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	54.75M	13.64M	3.86M	-9.98M	16.3M	17.91M	110.04M	-90.13M	2.32M	55.9M
Net Change in Cash+	47.05M	-49.41M	3.79M	-5.57M	-1.08M	80.54M	135.41M	-215.41M	89.09M	-43.83M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	20.79M	67.84M	18.43M	22.22M	16.65M	15.57M	96.11M	231.52M	16.11M	105.19M
Cash at End	67.84M	18.43M	22.22M	16.65M	15.57M	96.11M	231.52M	16.11M	105.19M	61.37M
Interest Paid	3.88M	3.77M	4.2M	4.9M	6.34M	5.77M	3.72M	3.05M	16.92M	30.63M
Income Taxes Paid	27K	11K	20K	0	13K	8K	711K	332K	2.04M	416K
Free Cash Flow+	14.05M	770K	-10.41M	157K	8.49M	-13.97M	-514K	6M	7.39M	1.25M
FCF Growth %	11.82%	-0.95%	-14.52%	1.02%	53.09%	-2.65%	0.96%	12.68%	0.23%	-0.83%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.75%	7.59%	4.01%	1.7%	-0.42%	-1.31%	-4.26%	2.68%	1.61%	0.68%
Return on Assets (ROA)	2.41%	0.84%	0.44%	0.2%	-0.05%	-0.14%	-0.51%	0.49%	0.35%	0.14%
Net Interest Margin	2.8%	2.66%	2.89%	2.52%	2.38%	2.52%	1.92%	2.77%	2.14%	2.44%
Efficiency Ratio	74.19%	71.52%	59.95%	71.47%	67.14%	76.14%	103.44%	66.57%	52.04%	46.88%
Equity / Assets	11.46%	10.61%	11.54%	11.83%	11.09%	10.11%	12.9%	23.61%	20.51%	21.89%
Book Value / Share	12.7	12.52	14.27	14.48	14.56	14.4	18.77	31.76	32.27	31.8
NII Growth	-4.81%	1.08%	4.61%	-13.66%	1.48%	16.33%	72.59%	56.45%	-10.34%	7.83%

Frequently Asked Questions

Valuation & Price

Broadway Financial Corporation (BYFC) has a price-to-earnings (P/E) ratio of 210.0x. This suggests investors expect higher future growth.

Growth & Financials

Broadway Financial Corporation (BYFC) grew revenue by 21.3% over the past year. This is strong growth.

Yes, Broadway Financial Corporation (BYFC) is profitable, generating $0.6M in net income for fiscal year 2024 (3.0% net margin).

Dividend & Returns

Yes, Broadway Financial Corporation (BYFC) pays a dividend with a yield of 2.08%. This makes it attractive for income-focused investors.

Broadway Financial Corporation (BYFC) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Industry Metrics

Broadway Financial Corporation (BYFC) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

Broadway Financial Corporation (BYFC) has an efficiency ratio of 46.9%. This is excellent, indicating strong cost control.

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