The institution maintains a precarious capital structure with an equity-to-assets ratio fluctuating between 0.18 and 0.23, leaving the balance sheet vulnerable to ongoing operational losses.
Broadway Financial Corp. (BYFC) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 475.19M | 22.32M | 265.23M | 422.14M | 344.85M | 387.92M | 106.81M | 26.57M | 31.37M | 39.71M | 31.63M | 81.98M | 22.82M | 17.64M | 26.8M | 31.11M | 8.2M | 7.44M | 7.48M | 4.33M | 5.31M | 5.39M | 4M | 5.03M | 4.89M | 7.67M | 5.37M | 3.1M | 7.2M | 4.8M | 5.2M |
| Cash & Due from Banks | 48.91M | 10.51M | 61.37M | 105.19M | 16.11M | 231.52M | 96.11M | 15.57M | 16.65M | 22.22M | 18.43M | 67.84M | 5.74M | 8.24M | 13.42M | 12.13M | 8.2M | 7.44M | 7.48M | 4.33M | 5.31M | 5.39M | 4M | 5.03M | 4.89M | 7.67M | 5.37M | 3.1M | 7.2M | 4.8M | 5.2M |
| Short Term Investments | 327.03M | 11.82M | 203.86M | 316.95M | 328.75M | 156.4M | 10.7M | 11.01M | 14.72M | 17.49M | 13.2M | 14.14M | 17.07M | 9.4M | 13.38M | 18.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.46B | 1.27B | 1.2B | 1.23B | 1.1B | 804.91M | 370.88M | 409.02M | 376.85M | 375.25M | 393.39M | 319.24M | 314.32M | 258.55M | 285.68M | 356.41M | 437.29M | 484.83M | 384.86M | 337.52M | 283.45M | 271.91M | 258.49M | 213.22M | 189.4M | 159.83M | 148.25M | 153.2M | 130.3M | 113.1M | 106.7M |
| Investments Growth % | 50.01% | 5.78% | -2.02% | 11.64% | 36.72% | 117.02% | -9.32% | 8.54% | 0.43% | -4.61% | 23.23% | 1.57% | 21.57% | -9.5% | -19.84% | -18.5% | -9.81% | 25.97% | 14.03% | 19.08% | 4.24% | 5.19% | 21.23% | 12.58% | 18.5% | 7.82% | -3.23% | 17.57% | 15.21% | 6% | - |
| Long-Term Investments | 4.97B | 1.26B | 999.96M | 911.63M | 771.69M | 648.51M | 360.19M | 398.01M | 362.13M | 357.76M | 380.19M | 305.1M | 297.24M | 249.16M | 272.3M | 337.43M | 437.29M | 484.83M | 384.86M | 337.52M | 283.45M | 271.91M | 258.49M | 213.22M | 189.4M | 159.83M | 148.25M | 153.2M | 130.3M | 113.1M | 106.7M |
| Accounts Receivables | 6.75M | 6M | 5M | 4.94M | 3.97M | 3.37M | 1.2M | 1.22M | 1.14M | 1.07M | 1.18M | 1.08M | 1.22M | 1.11M | 1.25M | 1.7M | 2.22M | 2.42M | 2.29M | 1.87M | 1.48M | 1.24M | 1.06M | 883K | 995K | 943K | 1.07M | 1M | 900K | 800K | 700K |
| Goodwill & Intangibles | 1.31M | 1.46M | 27.63M | 27.97M | 28.36M | 28.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 25.86M | 25.86M | 25.86M | 26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.31M | 1.46M | 1.77M | 2.11M | 2.5M | 2.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 8.78M | 8.73M | 8.9M | 9.19M | 10.29M | 10.34M | 2.54M | 2.78M | 2.24M | 2.41M | 2.48M | 2.57M | 2.7M | 2.73M | 2.62M | 4.63M | 5.09M | 5.36M | 5.54M | 5.68M | 5.26M | 5.46M | 5.72M | 5.6M | 5.81M | 6M | 6.36M | 6.5M | 5.4M | 4M | 2.1M |
| Other Assets | 28.07M | 38.78M | 19.29M | 21.17M | 13.26M | 4.81M | 7.01M | 6.56M | 7.46M | 7.64M | 6.7M | 7.6M | 26.89M | 61.85M | 70.73M | 38.03M | 25.76M | 16.01M | 7.76M | 7.41M | 5.5M | 8.3M | 7.27M | 5.08M | 3.81M | 4.46M | 6.89M | 2.5M | 1.9M | 2.4M | 2M |
| Total Current Assets | 382.68M | 28.32M | 270.23M | 427.08M | 348.83M | 391.29M | 108.01M | 27.8M | 32.52M | 40.79M | 32.81M | 83.06M | 24.03M | 18.75M | 28.05M | 32.8M | 10.42M | 9.86M | 9.77M | 6.2M | 6.79M | 6.63M | 5.05M | 5.91M | 5.88M | 8.61M | 6.44M | 4.1M | 8.1M | 5.6M | 6.3M |
| Total Non-Current Assets | 1.18B | 1.32B | 1.06B | 979.57M | 835.47M | 702.22M | 375.37M | 412.57M | 376.88M | 372.92M | 396.27M | 319.86M | 326.83M | 313.74M | 345.64M | 380.93M | 473.51M | 511.19M | 398.16M | 350.61M | 294.21M | 285.67M | 271.48M | 223.9M | 199.02M | 170.29M | 161.49M | 162.2M | 137.6M | 119.5M | 110.8M |
| Total Assets | 1.56B | 1.35B | 1.33B | 1.41B | 1.18B | 1.09B | 483.38M | 440.37M | 409.4M | 413.7M | 429.08M | 402.91M | 350.86M | 332.48M | 373.69M | 413.74M | 483.93M | 521.05M | 407.93M | 356.81M | 301M | 292.29M | 276.54M | 229.81M | 204.91M | 178.9M | 167.93M | 166.3M | 145.7M | 125.1M | 117.1M |
| Asset Growth % | 36.7% | 0.8% | -5.1% | 18.78% | 8.3% | 126.22% | 9.77% | 7.57% | -1.04% | -3.58% | 6.5% | 14.83% | 5.53% | -11.03% | -9.68% | -14.5% | -7.12% | 27.73% | 14.33% | 18.54% | 2.98% | 5.7% | 20.33% | 12.16% | 14.54% | 6.54% | 0.98% | 14.14% | 16.47% | 6.83% | - |
| Return on Assets (ROA) | -1.43% | -1.85% | 0.14% | 0.35% | 0.49% | -0.51% | -0.14% | -0.05% | 0.2% | 0.44% | 0.84% | 2.41% | 0.74% | -0.09% | 0.15% | -3.18% | 0.38% | -1.39% | 0.6% | 0.44% | 0.56% | 0.58% | 0.67% | 0.71% | 0.75% | 0.4% | 0.41% | 0.26% | 0.15% | 0.5% | -0.26% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 718K | 1.94M | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 175.93M | 152.77M | 293.5M | 428.23M | 205.81M | 151.91M | 113.81M | 88.33M | 75.1M | 70.1M | 90.1M | 77.1M | 91.1M | 88.42M | 95.5M | 94M | 98M | 97.6M | 80M | 102.5M | 55.98M | 62.51M | 61.32M | 28.5M | 28.72M | 11M | 10M | 16.9M | 4.5M | 0 | 0 |
| Net Debt | 127.02M | 142.27M | 232.13M | 323.04M | 189.71M | -79.61M | 17.71M | 72.77M | 58.45M | 47.88M | 71.67M | 9.26M | 85.36M | 80.18M | 82.08M | 81.87M | 89.8M | 90.16M | 72.52M | 98.17M | 50.67M | 57.13M | 57.32M | 23.47M | 23.84M | 3.33M | 4.63M | 13.8M | -2.7M | -4.8M | -5.2M |
| Long-Term Debt | 0 | 72M | 226.89M | 354.76M | 142.34M | 99.95M | 113.81M | 88.33M | 75.1M | 70.1M | 90.1M | 77.1M | 91.1M | 88.42M | 90.5M | 94M | 98M | 97.6M | 80M | 96.5M | 49.98M | 44.48M | 48.02M | 21.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 175.93M | 80.77M | 66.61M | 73.47M | 63.47M | 51.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5M | 0 | 0 | 0 | 0 | 6M | 6M | 18.03M | 13.3M | 7.2M | 28.72M | 11M | 10M | 16.9M | 4.5M | 0 | 0 |
| Other Liabilities | 10.64M | 12.24M | 10.79M | 13.88M | 0 | 0 | 787K | 1.03M | 1.05M | 1.07M | 0 | 0 | 1.08M | 58K | -2.87M | 3.44M | 4.35M | 6.07M | 4.35M | 3.53M | 3.52M | 3.54M | 4.21M | 3.21M | 3.11M | 2.12M | 2.35M | 1.6M | 1.6M | 1.8M | 1.5M |
| Total Current Liabilities | 1.29B | 998.38M | 812.01M | 756.11M | 762.3M | 852.45M | 319.89M | 302.15M | 284.81M | 294.8M | 292.63M | 278.99M | 221.42M | 218.41M | 268.06M | 298.02M | 348.72M | 385.86M | 290.43M | 234.73M | 227.47M | 227.49M | 209.21M | 187.11M | 184.87M | 162.16M | 151.59M | 150.9M | 130.5M | 109.9M | 102M |
| Total Non-Current Liabilities | 10.64M | 84.24M | 237.68M | 368.63M | 142.34M | 99.95M | 114.6M | 89.37M | 76.16M | 71.17M | 90.1M | 77.1M | 92.18M | 88.42M | 87.63M | 97.44M | 102.35M | 103.67M | 84.82M | 100.03M | 53.5M | 48.02M | 52.23M | 24.52M | 3.11M | 2.12M | 2.35M | 1.6M | 1.6M | 1.8M | 1.5M |
| Total Liabilities | 1.3B | 1.08B | 1.05B | 1.12B | 904.64M | 952.4M | 434.49M | 391.52M | 360.96M | 365.97M | 383.56M | 356.75M | 313.61M | 306.89M | 355.69M | 395.46M | 451.07M | 489.53M | 375.25M | 334.76M | 280.97M | 275.52M | 261.44M | 211.62M | 187.99M | 164.27M | 153.95M | 152.5M | 132.1M | 111.7M | 103.5M |
| Total Equity | 262.48M | 262.96M | 285.19M | 281.91M | 279.65M | 141.1M | 48.88M | 48.85M | 48.44M | 47.73M | 45.53M | 46.16M | 37.26M | 25.59M | 18.01M | 18.28M | 32.86M | 31.52M | 32.69M | 22.05M | 20.03M | 16.78M | 15.1M | 18.19M | 16.92M | 14.63M | 13.98M | 13.8M | 13.6M | 13.4M | 13.6M |
| Equity Growth % | -31.72% | -7.8% | 1.16% | 0.81% | 98.19% | 188.64% | 0.08% | 0.85% | 1.48% | 4.84% | -1.38% | 23.9% | 45.6% | 42.11% | -1.47% | -44.38% | 4.27% | -3.59% | 48.26% | 10.1% | 19.37% | 11.13% | -17.01% | 7.51% | 15.68% | 4.66% | 1.28% | 1.47% | 1.49% | -1.47% | - |
| Equity / Assets (Capital Ratio) | 16.79% | 19.54% | 21.36% | 20.04% | 23.61% | 12.9% | 10.11% | 11.09% | 11.83% | 11.54% | 10.61% | 11.46% | 10.62% | 7.7% | 4.82% | 4.42% | 6.79% | 6.05% | 8.01% | 6.18% | 6.65% | 5.74% | 5.46% | 7.92% | 8.26% | 8.18% | 8.32% | 8.3% | 9.33% | 10.71% | 11.61% |
| Return on Equity (ROE) | -7.74% | -9.05% | 0.68% | 1.61% | 2.68% | -4.26% | -1.31% | -0.42% | 1.7% | 4.01% | 7.59% | 21.75% | 8.05% | -1.38% | 3.24% | -55.75% | 5.95% | -20.12% | 8.41% | 6.91% | 9.04% | 10.43% | 10.26% | 8.82% | 9.13% | 4.79% | 4.87% | 2.92% | 1.48% | 4.44% | -2.21% |
| Book Value per Share | 29.72 | 30.51 | 31.78 | 32.25 | 31.76 | 18.77 | 14.40 | 14.56 | 14.48 | 14.27 | 12.52 | 12.70 | 13.48 | 13.56 | 79.68 | 83.82 | 150.69 | 144.64 | 148.51 | 98.51 | 93.15 | 84.73 | 73.35 | 76.18 | 74.40 | 65.90 | 63.75 | 48.30 | 51.68 | 49.63 | 59.84 |
| Tangible BV per Share | 29.57 | 30.34 | 28.70 | 29.05 | 28.54 | 14.92 | 14.40 | 14.56 | 14.48 | 14.27 | 12.52 | 12.70 | 13.48 | 13.56 | 79.68 | 83.82 | 150.69 | 144.64 | 148.51 | 98.51 | 93.15 | 84.73 | 73.35 | 76.18 | 74.40 | 65.90 | 63.75 | 48.30 | 51.68 | 49.63 | 59.84 |
| Common Stock | 96K | 95K | 94K | 93K | 95K | 744K | 306K | 305K | 300K | 300K | 299K | 292K | 292K | 203K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 19K | 19K | 10K | 10K | 10K | 10K | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 143.49M | 143.19M | 142.9M | 142.6M | 144.16M | 140.29M | 46.85M | 46.43M | 46.14M | 46.12M | 45.82M | 44.67M | 44.67M | 35.7M | 10.1M | 10.82M | 10.74M | 14.27M | 12.24M | 12.21M | 12.83M | 10.3M | 10.43M | 10.51M | 10.51M | 9.48M | 9.46M | 9.7M | 0 | 0 | 0 |
| Retained Earnings | -14.61M | -15.24M | 12.73M | 12.37M | 9.29M | 3.67M | 7.78M | 8.43M | 8.63M | 7.82M | 6.01M | 2.53M | -6.54M | -9.07M | -7.99M | -7.29M | 8.07M | 7.32M | 14.88M | 13.15M | 12.17M | 10.84M | 9.56M | 8.21M | 7M | 5.8M | 5.32M | 4.8M | 4.7M | 5.4M | 5.1M |
| Accumulated OCI | -7.61M | -6.11M | -11.22M | -13.53M | -17.47M | -551K | 164K | -23K | -283K | -81K | -103K | -2K | 165K | 80K | 318K | 571K | 263K | 176K | 32K | 6K | 0 | 0 | -51K | -160K | -88K | -199K | -262K | -400K | 0 | 0 | 0 |
| Treasury Stock | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -5.33M | -1.33M | -1.33M | -1.33M | -1.23M | -3.44M | -3.45M | -3.46M | -3.47M | -3.34M | -5M | -4.38M | -4.86M | -375K | -520K | -469K | -554K | -300K | 0 | 0 | 0 |
| Preferred Stock | 150M | 150M | 150M | 150M | 150M | 3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.8M | 17.6M | 17.21M | 14.94M | 8.96M | 2K | 2K | 2K | 2K | 2K | 2K | 1K | 1K | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying BYFC stock.
As of 2025, Broadway Financial Corp. (BYFC) had total assets of $1.35B including $28.3M in current assets.
Broadway Financial Corp. (BYFC) carries total debt of $152.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Broadway Financial Corp. (BYFC) has total shareholders' equity (book value) of $262.8M ($30.51 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Broadway Financial Corp. (BYFC) reported a current ratio of 0.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Urban CRE concentration risk
Metrics are mathematically derived from official filings.
Asset Growth Stagnation and Composition
According to recent quarterly filings, Broadway Financial Corporation's total assets have remained largely stagnant at approximately $1.3 billion to $1.4 billion, suggesting that the institution is struggling to achieve meaningful organic growth despite its unique access to government-subsidized capital programs and mission-driven funding sources.
The balance sheet composition remains heavily skewed toward investment securities rather than a diversified loan book, which may indicate a defensive posture or an inability to deploy capital into higher-yielding urban lending opportunities. This lack of asset expansion warrants further investigation into whether the bank is effectively utilizing its MDI status to scale its core lending operations.
Capital Buffer and Equity Stability
As reported in financial statements, the bank's equity-to-assets ratio has fluctuated between 0.18 and 0.23 over the last ten quarters, indicating that while the capital base appears nominally stable, it remains vulnerable to the persistent operational losses that have characterized the post-merger integration period.
The current capital position appears to be supported by non-dilutive government capital, which provides a necessary cushion against the bank's negative net margins. Investors should monitor whether this capital buffer is sufficient to absorb potential credit shocks within the specialized church and charter school loan segments.
Liquidity Volatility and Funding Reliance
Based on reported figures, cash and cash equivalents have shown significant volatility, dropping from a peak of $105.2 million in 2023Q4 to just $10.5 million by 2025Q4, which highlights a potential reliance on tactical asset liquidations to manage short-term liquidity requirements.
The rapid depletion of cash reserves suggests that the bank's liquidity profile is highly sensitive to the timing of its investment securities sales. This pattern may indicate that the institution lacks a stable, self-sustaining core deposit franchise capable of funding its operations without frequent balance sheet adjustments.
Structural Risks in Asset Valuation
Analysis of the balance sheet suggests that the bank's heavy concentration in investment securities, which comprise nearly the entirety of the asset base, may mask underlying duration mismatches that could be exacerbated by shifts in the interest rate environment and urban real estate market conditions.
The reliance on illiquid collateral types like religious institutions and charter schools creates a unique risk profile that is not fully captured by standard leverage ratios. This concentration appears to limit the bank's flexibility, as these assets are notoriously difficult to reprice or liquidate during periods of economic stress.