Broadway Financial (BYFC) Reports Q1 EPS of $0.04

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Go back to Broadway Financial (BYFC) Reports Q1 EPS of $0.04

Broadway Financial Corporation Announces Profits for 1st Quarter 2015

May 8, 2015 4:00 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Broadway Financial Corporation (the Company) (NASDAQ Capital Market: BYFC), parent company of Broadway Federal Bank, f.s.b. (the Bank), today reported net income of $1.3 million, or $0.04 per diluted share, for the first quarter of 2015, compared to net income of $989 thousand, or $0.05 per diluted common share for the first quarter of 2014. The improvement in profitability during the first quarter of 2015 primarily resulted from higher net interest income before recapture of loan losses, a higher grant received from the U.S. Department of the Treasurys Community Development Financial Institutions (CDFI) Fund and lower non-interest expense, which were... More