BROADWAY FINANCIAL CORP \DE\

Broadway Financial Corporation (NASDAQ: BYFC) operates as a Delaware public benefit corporation headquartered in Los Angeles, California, with its principal business conducted through wholly-owned subsidiary City First Bank, National Association. The company's website is www.cityfirstbank.com.

City First Bank maintains three branch offices, two located in California (Los Angeles and Inglewood) and one in Washington, D.C. The bank attracts deposits from the general public, loan customers, large non-profit entities, local municipalities, and mission-aligned depositors. The company's business model centers on deploying deposits and borrowed funds into a diversified loan portfolio while investing in securities issued by federal government agencies, residential mortgage-backed securities, and other investments.

The loan portfolio totaled approximately one billion dollars at year-end 2025, representing 75.5 percent of total assets. Multi-family residential properties with five or more units comprise the largest segment at 58.41 percent of gross loans, followed by commercial real estate at 16.01 percent and commercial business loans at 13.79 percent. The portfolio also includes single-family residential mortgages, church loans, construction loans, and Small Business Administration guaranteed loans. More than eighty-two percent of loans feature adjustable-rate characteristics, primarily structured as hybrid loans with initial fixed-rate periods of five years followed by adjustable-rate phases indexed to SOFR or Treasury indices.

The company's securities portfolio totaled 256.8 million dollars at December 31, 2025, comprising 19.1 percent of total assets. Revenue derives primarily from interest income on loans and investments, while principal costs consist of interest expenses on deposits and borrowings plus general and administrative expenses.

Broadway Financial completed a significant merger with CFBanc Corporation in 2021, resulting in the combination with City First Bank of D.C., National Association. Concurrent with this merger, the company converted to public benefit corporation status, aligning its business model with stakeholder governance principles focused on creating social, economic, and environmental value for underserved and historically excluded communities. The company maintains CDFI certification and operates under regulation by the Federal Reserve Board, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation.