NASDAQ$BYFC
Broadway Financial Corp/DE · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Broadway Financial Corporation reported a net loss for the fourth quarter of 2020, primarily due to merger-related costs, post-merger integration expenses, and private placements of equity capital.
Broadway Financial Corporation reported a net loss of $581 thousand, or ($0.02) per share, for the fourth quarter of 2020. The loss was primarily due to costs associated with the pending merger with CFBanc Corporation, post-merger integration, and related private placements of equity capital.
- Net loss of $581 thousand, or ($0.02) per share, for Q4 2020.
- Loss primarily due to merger-related costs and post-merger integration expenses.
- Net interest income after loan loss provision increased by $363 thousand.
- Received a $203 thousand grant from the U.S. Department of the Treasury’s CDFI Fund.
Headline financials
Revenue & EPS history
Broadway Financial · Revenue · Quarterly
$3.24M
Revenue by segment
Broadway Financial · $25K total across 1 segment · Q4 2019
- Service Charges on Deposits$25K—100.0%
Forward guidance
The company anticipates the merger with CFBanc Corporation will be approved and consummated at the start of the second quarter.
Tailwinds
- Merger expected to create the largest Black-led Minority Depository Institution in the United States.
- Pro forma assets of approximately $900 million expected after merger.
- New investors committed to providing over $32.8 million of gross proceeds from the sale of shares of new common equity.
- Capital to grow combined loan portfolio expected.
- Expansion of depository assets to greater than $1 billion expected.
Headwinds
- Potential for delays in completing the merger.
- Risk of failure to obtain necessary stockholder approvals.
- Possibility that the merger may be more expensive to complete than anticipated.
- Potential adverse reactions from the Company’s employee and customers to the announcement of the merger.
- Difficulties in integrating the operations of the two organizations after completion of the Merger.
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 Q4 2020
+1.0%
Avg return
Earnings day
+0.2%
Avg return
5 days after
-0.1%
Avg return
30 days after
34%
22 / 64 earnings
Positive
+128.2%
Q2 2012
Best reaction
-24.7%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (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% | |
| Q3 2023 | +8.4% | +7.3% | +13.5% | |
| Q4 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% | +9.5% | +15.4% | |
| 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% | — | — | |
| Q4 2012 | +8.4% | — | — | |
| Q1 2013 | +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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