Neutral
PRNewsWire
2 months ago
Broadway Financial Corporation Announces Revised Results of Operations for First Quarter 2025
LOS ANGELES , July 29, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ: BYFC), parent company of City First Bank, National Association (the "Bank", and collectively, with the Company, "City First Broadway"), is announcing revised results of operations for the first quarter of 2025, which correct the results of operations reported in the Company's press release dated April 28, 2025 and are consistent with the financial information reported in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 24, 2025. The Company reported consolidated net loss before preferred dividends of $1.9 million, or ($0.21) per diluted share, for the first quarter of 2025, compared to consolidated net loss of $164 thousand, or ($0.02) per diluted share, for the first quarter of 2024.