Broadway Financial posts Q1 profit as net interest income rises 19%

Broadway Financial

28/04/2026 21:28

Corrects EPS in Key Details table to $0.09 from $0.08

Overview

U.S. mission-driven bank reported Q1 net income of $810,000, reversing a year-ago loss

Net interest income rose 18.9% yr/yr, driven by higher loan and securities income

Loans and deposits grew while borrowings were eliminated, boosting net interest margin to 2.91%

Outlook

Company did not provide specific guidance for the current or future periods

Result Drivers

NET INTEREST INCOME - Growth in net interest income was driven by higher interest income on loans and securities and lower interest expense on borrowings

LOAN AND DEPOSIT GROWTH - Loans rose 4.2% and deposits increased 16.9% from end-2025, reflecting continued customer growth and deposit inflows

LOWER NON-INTEREST EXPENSE - Non-interest expenses fell 21.4% yr/yr, mainly due to the absence of a prior-year operational loss and reduced compensation costs

Company press release: ID:nBw6gQyBga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.09
Q1 Net Income
$810,000
Q1 Net Interest Income
$9.60 mln
Q1 Net Interest Margin
2.91%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)