Broadway Financial Corporation (BYFC) Stock

Broadway Financial Corporation (BYFC) is a Financials stock trading at $12.02 (as of 2026-09-02), with a market capitalization of $106.67M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Broadway Financial Corporation is a holding company for City First Bank, National Association. Through its banking operations in the United States, it takes deposit accounts such as savings, checking, NOW, money market, and fixed-term certificates of deposit, and provides mortgage loans and other lending, along with investment in securities including federal agency and residential mortgage-backed securities.

Understand Broadway Financial Corporation: how it makes money

Broadway Financial Corporation is the holding company for City First Bank, a small community bank that earns interest on mortgages, commercial real estate, and business loans funded by customer deposits. Its lending is deliberately mission-focused (78% of the portfolio) targeting affordable housing, churches, and community facilities rather than the highest-yielding commercial sectors.

Profit equals the net interest spread (5.19% loan yield minus 2.91% cost of funds) after paying operating expenses that currently consume 83 cents of every revenue dollar, leaving no cushion for risk or growth.

Business quality (Unprofitable): Unprofitable. The bank generates a positive loan yield but its 83% efficiency ratio and negative quarterly ROE mean operations currently destroy more value than lending creates.

Bull case

  • Deposit growth outpaces lending: Total deposits grew 16.9% while total loans grew just 4.2%, building a funding base that can support future loan expansion without expensive wholesale borrowing.
  • Near-zero credit losses: Nonperforming assets sit at $0.01 billion with $0.00 in unpaid non-accrual loans, so the current portfolio is not eroding equity through defaults and provides a clean base for growth.

Bear case

  • Costs consume the entire spread: The 83% efficiency ratio means the bank spends more than the full 2 percentage point net interest spread (5.19% yield less 2.91% funding cost) on operations before any loan loss provision.
  • Equity is being destroyed: Quarterly ROE is negative 8.0% and the annualized return on average equity is a marginal 0.63%, confirming the bank has not reached a stable profit level despite a healthy loan yield.
Valuation — source: SEC EDGAR (first-party)
Price$12.02
Market Cap$106.67M
Price / Book0.41
Price / Sales567.41
FCF Yield-0.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$184000.00
Net Margin-13475.5%
Revenue Growth (YoY)7.3%
FCF Growth (YoY)24.7%
Valuation vs Sector & Industry
Sector P/E (Financials)14.9
Industry P/E (Banking)12.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderM3F, Inc. ($3.45M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOBrian E. Argrett
Employees106
CountryUS
IPO Date1996-01-09

Related Companies (Banking; 8 comparable banks)

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  • Auburn National Bancorporation, Inc. (AUBN)
  • First Community Corporation (FCCO)
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BYFC earnings history · BYFC institutional & insider holders · BYFC KPIs & operating metrics · BYFC financials · BYFC investor presentations & press releases · BYFC SEC filings · BYFC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.