Last $1.26 USD
Change Today -0.0281 / -2.18%
Volume 1.0K
As of 10:39 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

broadway financial corp/de (BYFC) Snapshot

Open
$1.27
Previous Close
$1.29
Day High
$1.27
Day Low
$1.26
52 Week High
09/5/13 - $1.50
52 Week Low
07/11/13 - $0.52
Market Cap
25.5M
Average Volume 10 Days
11.7K
EPS TTM
$-1.69
Shares Outstanding
19.5M
EX-Date
07/13/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BROADWAY FINANCIAL CORP/DE (BYFC)

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broadway financial corp/de (BYFC) Details

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that provides savings and loan business services to low to moderate income communities in southern California. The company offers deposit products, such as passbook savings accounts, non-interest bearing checking accounts, NOW and other demand accounts, money market accounts, and fixed-term certificates of deposit. It also provides loan products, including multi-family and commercial real estate lending, one to four-family mortgage lending, commercial lending, construction lending, and consumer lending products. As of August 22, 2013, it operated three full service branches comprising two in the city of Los Angeles, and one in the city of Inglewood, California. The company was founded in 1946 and is headquartered in Los Angeles, California.

broadway financial corp/de (BYFC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $272.3K
Executive Director and Director of Broadway F...
Total Annual Compensation: $204.4K
Chief Loan Officer and Senior Vice President
Total Annual Compensation: $93.1K
Compensation as of Fiscal Year 2012.

broadway financial corp/de (BYFC) Key Developments

Broadway Financial Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Consolidated Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2013

Broadway Financial Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's net interest income before provision for loan losses was $3,008,000 against $3,062,000 a year ago. Net interest income after provision for loan losses was $3,008,000 against $3,062,000 a year ago. Loss before income taxes was $43,000 against $670,000 a year ago. Net loss was $41,000 against $650,000 a year ago. Loss allocable to common stockholders was $41,000 against $1,073,000 a year ago. Negative return on average assets was 0.05% against 0.68% a year ago. Negative return on average equity was 0.64% against 13.91% a year ago. For the year, the company's net interest income before provision for loan losses was $11,102,000 against $13,465,000 a year ago. Net interest income after provision for loan losses was $10,688,000 against $12,275,000 a year ago. Loss before income taxes was $297,000 against income of $1,417,000 a year ago. Net loss was $301,000 against income of $588,000 a year ago. Loss allocable to common stockholders was $1,080,000 or $0.13 basic and diluted per share against $693,000 or $0.38 basic and diluted per share a year ago. Negative return on average assets was 0.09% against return of 0.15% a year ago. Negative return on average equity was 1.47% against return of 3.13% a year ago. For the quarter, the company's net loan charge-offs was $193,000 against $5,115,000 a year ago.

Broadway Financial Corporation Announces Extension of Maturity of its Subordinated Debentures

Broadway Financial Corporation reported that the holders of senior securities of the trust entity that holds the company's Floating Rate Junior Subordinated Debentures due March 17, 2014 approved the company's proposal to extend the maturity of the Debentures to March 17, 2024. The approval to extend the maturity is conditioned upon various matters, including raising a minimum of at least $6 million of new equity capital and approvals by the company's regulators and senior lender. The company will pay all accrued interest on the Debentures through to the concurrent closings of the modification of the indenture for the Debentures and the private placement that the company intends to complete to raise the capital necessary to fulfill the terms of the proposal, plus up to $900,000, or 15%, of the principal amount of the Debentures at face value as consideration for the extension of the Debentures. The modification of the indenture for the Debentures will not change the remaining principal amount of the Debentures or the mechanism for determining the quarterly adjustment to the floating interest rate on the Debentures, which will remain 3-Month LIBOR plus a spread of 2.54%. After the proposed payment of all accrued interest and up to 15% of the principal amount of the Debentures, the revised indenture will require the Company to make quarterly payments of interest only on the remaining principal, subject to regulatory approval, for the five years ending March 17, 2019, and then quarterly payments of interest plus constant amounts of principal commencing June 17, 2019 to fully amortize the debt by March 17, 2024.

Broadway Financial Corporation Approves Amendment of Certificate of Incorporation

Broadway Financial Corporation announced that at the annual meeting of stockholders was held on November 27, 2013, approved amend the company's Certificate of Incorporation to increase the company's number of authorized shares of common stock from 8,000,000 to 50,000,000 and to adopt an amendment to the company's Certificate of Incorporation authorizing the company to issue up to 5,000,000 shares of a new class of non-voting common stock.

 

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Price/Sales 2.9x
Price/Book 1.0x
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