NASDAQ$BYFC

Broadway Financial Corp/DE · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported consolidated net earnings and increased net interest income.

Broadway Financial Corporation reported a consolidated net income of $1.6 million, or $0.02 per diluted share, for Q1 2023, compared to $958 thousand, or $0.01 per diluted share, for Q1 2022, with net interest income increasing by $1.1 million, or 15.4%, to $8.3 million.

  • Total interest income increased by $3.2 million, or 39.5% for the first quarter of 2023, compared to the first quarter of 2022.
  • Net interest margin increased by 20 basis points to 2.96% for the first quarter of 2023, compared to 2.76% for the first quarter of 2022.
  • Total loans receivable increased by $9.0 million, or 1.2%, to $777.1 million at March 31, 2023, compared to December 31, 2022.
  • Total assets increased by $21.5 million, or 1.8%, to $1.2 billion at March 31, 2023, compared to December 31, 2022.

Headline financials

Total Revenue

$8.56M

Previous: $7.45M+14.9%
EPS (adj)

$0.16

Previous: $0.08+100.0%
Net Interest Margin

3.0%

Previous: 2.8%+7.2%
Capital Expenditures

-$3K

Previous: -$67K+95.5%
Free Cash Flow

$1.57M

Previous: $891K+76.2%
Net Income

$1.57M

Previous: $958K+64.2%
Operating Income

$3.97M

Previous: $4.84M-17.9%
Gross Profit

$8.48M

Previous: $7.31M+16.0%
Cash & Equivalents

$29.6M

Previous: $246M-88.0%
Total Assets

$1.21B

Previous: $1.13B+6.5%

Revenue & EPS history

Broadway Financial · Revenue · Quarterly

$8.56M

Q1 2023+14.9%vs Q1 2022

Revenue by segment

Broadway Financial · $25K total across 1 segment · Q4 2019

  • Service Charges on Deposits
    $25K

Forward guidance

Broadway Financial Corporation is optimistic about its ability to continue growing and improving profitability, despite economic uncertainties, due to its strong equity capital, focus on serving low-to-moderate income communities, and the dedication of its employees and support from investors, board, and partners.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.0%

Avg return

Earnings day

+20.6%

Avg return

5 days after

+21.3%

Avg return

30 days after

34%

22 / 64 earnings

Positive

+128.2%

Q2 2012

Best reaction

-24.7%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%
Q2 2025-1.1%-1.8%-2.2%
Q1 2025+0.0%-1.4%+4.3%
Q4 2024-1.5%-3.4%-7.8%
Q3 2024+6.7%+5.4%+4.4%
Q2 2024-7.1%-6.0%+32.8%
Q1 2024-2.8%-3.6%+3.4%
Q4 2023+8.4%+7.3%+13.5%
Q3 2023+8.4%+7.3%+13.5%
Q2 2023+0.0%-1.0%-11.8%
Q1 2023+8.0%+10.3%+11.5%
Q4 2022-0.8%-1.5%-15.2%
Q3 2025-2.7%-6.4%-18.2%
Q3 2022-1.7%-4.3%-16.5%
Q2 2022+5.8%+11.7%+9.7%
Q1 2022-4.8%-2.7%+6.8%
Q4 2021-3.3%+0.7%+1.3%
Q3 2021+0.7%-4.0%-5.8%
Q2 2021-8.7%-8.1%+15.0%
Q1 2021-9.5%-12.4%+24.3%
Q4 2020+4.0%+780.9%+828.9%
Q3 2020-1.7%-6.2%-1.1%
Q2 2020+4.3%+1.1%-9.8%
Q1 2020+4.4%+0.0%+0.7%
Q4 2019-2.7%-1.3%-7.4%
Q3 2019-9.6%-1.8%-7.8%
Q2 2019-2.0%-1.5%-9.2%
Q1 2019+4.7%+5.5%+5.5%
Q4 2018+6.4%+6.4%-3.5%
Q3 2018+10.7%+13.9%+3.3%
Q2 2018+3.4%-5.4%-26.8%
Q1 2018+0.0%+0.5%-5.5%
Q4 2017+1.0%+1.4%+3.8%
Q3 2017-5.7%-6.5%-15.4%
Q2 2017-0.8%+1.6%-13.7%
Q1 2017+1.1%+6.8%+13.0%
Q4 2016+0.0%+1.7%+0.0%
Q3 2016+0.0%+0.0%+0.0%
Q2 2016-1.1%-2.2%-8.9%
Q1 2016-0.5%
Q4 2015-6.1%
Q3 2015-3.7%
Q2 2015-7.4%
Q1 2015-5.3%
Q4 2014+0.0%
Q3 2014+0.7%
Q2 2014-3.0%
Q1 2014-0.8%
Q4 2013+1.8%
Q3 2013-4.0%
Q2 2013+5.3%
Q1 2013+8.4%
Q4 2012+8.4%
Q3 2012-24.7%
Q2 2012+128.2%
Q1 2011+0.0%
Q1 2012-4.4%
Q4 2010-4.4%
Q4 2011+0.0%
Q3 2011-15.6%
Q3 2010-15.6%
Q2 2011-2.5%
Q2 2010-2.5%
Q1 2010+0.0%

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