NASDAQ$BYFC
Broadway Financial Corp/DE · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Broadway Financial Corporation reported net earnings for Q4 2022, marking a significant turnaround compared to the net loss in Q4 2021, driven by increased net interest income and decreased non-interest expense.
Broadway Financial Corporation reported a consolidated net income of $1.5 million, or $0.02 per diluted share, for Q4 2022, compared to a net loss of $1.4 million, or ($0.02) per diluted share, for Q4 2021. The increase in net interest income and a decrease in non-interest expenses primarily drove this improvement.
- Net earnings were $1.5 million, or $0.02 per diluted share, compared to a net loss of $1.4 million, or ($0.02) per diluted share, for the same period last year.
- Net interest income increased by $2.7 million, or 42.5%, to $9.0 million compared to the fourth quarter of 2021.
- Non-interest expense decreased by $2.3 million primarily due to non-recurring data conversion costs in the fourth quarter of 2021.
- Total loans receivable increased by $119.5 million to $768.0 million at December 31, 2022, representing an increase of 18.4% since December 31, 2021.
Headline financials
Revenue & EPS history
Broadway Financial · Revenue · Quarterly
$9.33M
Revenue by segment
Broadway Financial · $25K total across 1 segment · Q4 2019
- Service Charges on Deposits$25K—100.0%
Forward guidance
The company is optimistic about capturing additional benefits from its enhanced scale, efficiencies, and opportunities.
Tailwinds
- Intend to continue deploying the $150 million of new equity capital raised in June this past year to invest in and grow our business
- Improve the Company’s returns
- Deliver on our mission and commitment to serve the financial needs of low-to-moderate income communities within our markets
- Capture additional benefits from the enhanced scale
- Capture additional benefits from the efficiencies, and opportunities of the Company
Headwinds
- Uncertainty as to the duration, scope and impacts of the COVID-19 pandemic
- Political and economic uncertainty, including the possibility of declines in global economic conditions or the stability of credit and financial markets for various reasons including the military conflict between Russia and Ukraine
- Changes in interest rates
- Changes in the monetary and fiscal policies of the U.S. Government, including policies of the United States Department of the Treasury and the Federal Reserve Board
- Possible effects of changes in real estate markets, which may affect our net income and future cash flows, or the market value of our assets, including investment securities
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 2022
+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
| 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% | |
| 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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