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Form 8-K

sec.gov

8-K — BROADWAY FINANCIAL CORP \DE\

Accession: 0001140361-26-043754

Filed: 2026-11-13

Period: 2026-11-13

CIK: 0001001171

SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ef20085511_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ef20085511_ex99-1.htm)

EX-99.2 — EXHIBIT 99.2 (ef20085511_ex99-2.htm)

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8-K

8-K (Primary)

Filename: ef20085511_8k.htm · Sequence: 1

false0001001171NASDAQ00010011712026-11-132026-11-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 13, 2026

BROADWAY FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-39043

95-4547287

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer Identification Number)

4601 Wilshire Boulevard Suite 150,

Los Angeles, California

90010

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (323) 634-1700

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following

provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share (including attached preferred stock purchase rights)

BYFC

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule

12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised

financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On November 13, 2026, Broadway Financial Corporation (the “Company”) issued a press release announcing results for the quarter ended September 30, 2026.  A copy of the

press release is attached as Exhibit 99.1.

Item 7.01

Regulation FD Disclosure.

Attached as Exhibit 99.2 to this report is the presentation for the Company’s earnings for the quarter ended September 30, 2026, which also may be used in connection with potential

meetings with investors and/or analysts.

The information set forth in this Current Report, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of

Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report, including Exhibits 99.1 and 99.2 attached hereto, shall not be

incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing to this Current Report.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

99.1

Press Release dated November 13, 2026, announcing results for the quarter ended September 30, 2026.

99.2

Presentation dated November 13, 2026.

104

The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

Date: November 13, 2026

BROADWAY FINANCIAL CORPORATION

By:

/s/ Zack Ibrahim

Name: Zack Ibrahim

Title: Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ef20085511_ex99-1.htm · Sequence: 2

Exhibit 99.1

News Release

FOR IMMEDIATE RELEASE

Broadway Financial Corporation Reports Third

Quarter 2026 Results Highlighted by Improved Earnings, Strong Deposit Growth and Stable Credit Quality

LOS ANGELES, CA – (BUSINESS WIRE) – November 13, 2026 – 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”), reported net income attributable to common stockholders of $392 thousand during the third quarter of 2026, compared to net income attributable

to common stockholders of $218 thousand for the second quarter of 2026, and net loss attributable to common stockholders of $24.6 million for the third quarter of 2025.  Diluted earnings (loss) per common share was $0.04 for the third quarter of

2026, compared to $0.02 for the second quarter of 2026 and ($2.86) for the third quarter of 2025.

The Company reported consolidated net income before preferred dividends1 of $1.1 million, or $0.13 per diluted common share, for the third quarter of 2026, compared to $968 thousand, or $0.11 per diluted common share, for the second quarter of 2026, and consolidated net income before preferred dividends and

goodwill impairment1 of $2.0 million, or $0.23 per diluted common share, for the third quarter of 2025.

For the first nine months of 2026, the Company reported consolidated net income of $1.0 million, or $0.11 per diluted common share, compared to consolidated net loss of $28.1 million, or ($3.27) per diluted common share, for the first nine months of 2025. For the first nine months of 2026, the Company reported consolidated

net income before preferred dividends of $3.3 million, or $0.37 per diluted common share, compared to consolidated net income before preferred dividends and

goodwill impairment1 of $38 thousand, or $0.00 per diluted common share, for the first nine months of 2025. This increase reflects stronger operating performance driven by loan growth, deposit growth, and continued balance sheet

expansion.

Net income attributable to common stockholders was $1.0 million during the first nine months of 2026 after deducting preferred dividends of $2.3 million, compared to

net loss attributable to common stockholders of $28.1 million for the first nine months of 2025 after deducting goodwill impairment of $25.9 million and preferred dividends of $2.3 million. Diluted earnings per common share was $0.11 for the first

nine months of 2026, compared to ($3.27) of diluted loss per common share for the first nine months of 2025. Diluted earnings (loss) per common share for the first nine months of 2026 reflects preferred dividends of $0.25 per diluted common share,

compared to ($0.26) of diluted loss per common share for the first nine months of 2025.

Third Quarter Highlights

•

Net income totaled $392 thousand, or $0.04 per diluted common share, and net income before preferred dividends totaled $1.1 million, or $0.13 per diluted

common share.

•

Net loans increased $116.2 million, or 11.4%, during the first nine months of 2026.

•

Total deposits increased $192.4 million, or 21.0%, during the first nine months of 2026.

•

Credit quality remained stable with non-accrual loans to gross loans at 1.20% and non-performing assets to total assets at 0.88%.

•

Capital levels remained strong, with a Community Bank Leverage Ratio of 12.83%.

Chief Executive Officer, Brian Argrett, commented, “Our third-quarter results

reflect disciplined execution of our strategic priorities, resulting in strong growth in both loans and deposits while maintaining solid capital levels. We continue to operate with a disciplined approach to risk management and underwriting as we

navigate an evolving economic environment. Looking ahead, we remain focused on optimizing the balance sheet, enhancing profitability, and delivering long-term value for our stockholders.”

Quarterly Results of Operations

•

Net Interest Income totaled $9.9 million, representing an increase of $406 thousand, or 4.3%, from net interest income of $9.5 million for the second quarter of 2026.  The increase resulted from a $1.0 million increase in interest income, primarily due to a $767 thousand increase in interest income on loans receivable as a result of an increase in the

average balance of loans receivable and a $170 thousand increase in interest income on available-for-sale securities due to an increase in the average balance of available-for-sale securities. These increases in net interest income were

partially offset by a $589 thousand increase in interest expense due to an increase in interest expense on borrowings, as a result of an increase in the average balance of borrowings.

The net interest margin remained stable at 2.64% for the third quarter of 2026 compared to 2.65% for the second quarter of 2026.

The net interest margin declined slightly to 2.64% for the third quarter of 2026 from 2.72% for the third quarter of 2025. Despite

elevated funding costs associated with the higher interest rate environment, net interest margin remained relatively stable during the quarter. Management continues to focus on loan repricing opportunities, optimizing deposit mix, and

disciplined balance sheet management to help offset funding cost pressures and support margin stability.

1 “Net income before preferred dividends”, “net income before preferred dividends and goodwill impairment”, “pre-provision net revenue”,

“efficiency ratio,” and “tangible book value” are non-GAAP financial measures. A reconciliation of these non-GAAP financial measures and the nearest GAAP measures is provided in the GAAP Reconciliation to Non-GAAP Financial Measures tables

that accompany this document.

•

Provision for Credit Losses was $668 thousand for the third quarter of 2026, compared to $1.5 million for the second quarter of

2026.  This decrease was primarily due to partial charge-offs taken in the three months ended September 30, 2026 that were previously reserved, partially offset by a specific reserve on a non-accrual loan. At September 30, 2026,

non-performing assets represented 0.88% of total assets and non-accrual loans represented 1.20% of gross loans.

The allowance for credit losses (“ACL”) increased to $10.0

million as of September 30, 2026, compared to $9.4 million as of December 31, 2025.

•

Non-interest Income was $496 thousand for the third quarter of

2026, compared to $950 thousand for the second quarter of 2026, representing a decrease of $454 thousand, or 47.8%. The decrease was due to a $450 thousand

fee recognized on a New Markets Tax Credit financing transaction earned in the second quarter of 2026.

•

Non-interest Expense was $8.3 million for the third quarter of

2026, compared to $7.5 million for the second quarter of 2026, representing an increase of $855 thousand, or 11.4%. The increase was primarily due to a $431

thousand increase in compensation and benefits expense, a $247 thousand increase in information services expense and a $113 thousand increase in supervisory costs. The increase in noninterest expense primarily reflects continued

investments in personnel, technology, and operational infrastructure to support business growth, enhance client service capabilities, and strengthen the Company’s long-term operating platform.

•

Income Tax Expense was $279 thousand for the third quarter of 2026

compared to $330 thousand for the second quarter of 2026.  The decrease in tax expense reflected a decrease of $90 thousand in pre-tax income between the two periods.  The effective tax rate was 20.03% for the third quarter of 2026,

compared to 22.25% for the second quarter of 2026.

Year-to-Date Results of Operations

•

Net Interest Income totaled $28.4 million for the first nine months of 2026, representing an increase of $4.0 million, or 16.5%, from net interest income of $24.4 million for the first nine months of 2025.  The

increase resulted from a $7.8 million increase in interest income, primarily due to a $5.1 million increase in interest income on available-for-sale

securities, due to increases in the average rate and balance of available-for-sale securities, and a $3.4 million increase in interest income on loans receivable as a result of an increase in the average balance of loans receivable.

Further, interest on borrowings decreased $1.7 million due to decreases in the average rate and balance of borrowings. The increases in net interest income were partially offset by a $5.5 million increase in interest expense on deposits

due to increases in the average deposit rate and balance.

The net interest margin increased to 2.68% for the first nine months of 2026 from 2.65% for the first nine months of 2025, due to an

increase in the average rate earned on interest-earning assets, which increased to 4.97% for the first nine months of 2026 from 4.88% for the first nine months of 2025, and a decrease in the cost of funds, which decreased to 3.00% for the first

nine months of 2026 from 3.08% for the first nine months of 2025.

•

Provision for Credit Losses was $2.3 million for the first nine months of 2026, compared to $2.1 million for the first nine months of

2025.

•

Non-interest Income was $2.0 million for the first nine months of

2026, compared to $1.1 million for the first nine months of 2025, representing an increase of $970 thousand, or 91.1%. The increase was primarily due to $697 thousand of additional earnings on bank owned life insurance and a $450 thousand fee recognized on a New Markets Tax Credit financing transaction earned in the first nine months of 2026.

•

Non-interest Expense was $23.8 million for the first nine months of

2026, compared to $49.2 million for the first nine months of 2025, representing a decrease of $25.4 million, or 51.6%. The decrease was primarily due to a

$25.9 million goodwill impairment charge recorded in the first nine months of 2025.

•

Income Tax Expense/Benefit was income tax expense of $891 thousand

for the first nine months of 2026 compared to income tax benefit of $54 thousand for the first nine months of 2025.  The increase in tax expense reflected an increase of $30.2 million in pre-tax income between the two periods.

Financial Condition Review

•

Total Assets increased by $211.4 million at September 30, 2026,

compared to December 31, 2025, reflecting increases in net loans of $116.2 million, securities available-for-sale of $48.6 million and cash and cash equivalents of $38.8 million. The increase in net loans was due to organic loan growth

and purchases of government guaranteed loans, and the increase in securities available-for-sale was due to purchases of securities available-for-sale.

•

Loans Held for Investment, Net of the ACL increased by $116.2

million to $1.1 billion at September 30, 2026, compared to $1.0 billion at December 31, 2025.  The increase was due to organic growth and loan purchases.

•

Deposits increased by $192.4 million, or 21.0%, to $1.1 billion at

September 30, 2026, compared to $917.6 million at December 31, 2025.  The increase in deposits was attributable to increases of $157.9 million in savings deposits, $33.4 million in certificates of deposit accounts, and $8.5 million in

liquid deposits (demand, interest checking, and money market accounts), partially offset by decreases of $4.4 million in Certificate of Deposit Registry Service (“CDARS”) deposits (CDARS deposits are similar to Insured Cash Sweep (“ICS”)

deposits, but involve certificates of deposit, instead of money market accounts) and $3.0 million in ICS deposits (ICS deposits are the Bank’s money market

deposit accounts in excess of FDIC insured limits whereby the Bank makes reciprocal arrangements for insurance with other banks). As of September 30,

2026, our uninsured deposits represented 34% of our total deposits, consistent with December 31, 2025.  We leverage our long-standing partnership with IntraFi Deposit Solutions to offer deposit insurance for accounts exceeding

the FDIC deposit insurance limit of $250,000.

•

Total Borrowings increased $27.0 million to $99.0 million at September 30, 2026, compared to $72.0 million at December 31, 2025, due

to additional FHLB advances. The increase in borrowings reflects proactive liquidity management and support for continued loan growth opportunities. The Bank maintains sufficient liquidity and borrowing capacity to support customer

needs while preserving financial flexibility.

Asset Quality

•

Allowance for Credit Losses was 0.87% of total loans held for

investment at September 30, 2026, compared to 0.92% at December 31, 2025.  Allowance for credit losses was 1.03% of total loans held for investment less purchased loans1 at September 30, 2026, compared to 0.91% at December 31,

2025.

•

Nonperforming Assets increased to $13.8 million at September 30,

2026, compared to $11.2 million at December 31, 2025.

Capital

•

Stockholders’ equity was $255.5 million, or 16.4% of the Company’s

total assets, at September 30, 2026, compared to $262.8 million, or 19.6% of the Company’s total assets, at December 31, 2025.

•

Book Value per Share was $11.37 at September 30, 2026, compared to $12.28 at December 31, 2025. The decline in book value per share was primarily attributable to unrealized losses within the

securities portfolio resulting from interest rate movements. These adjustments do not affect regulatory capital, liquidity, or the Company’s ability to hold the securities to maturity.  Capital ratios remain strong with a Community Bank

Leverage Ratio of 12.83% at September 30, 2026 compared to 14.09% at December 31, 2025.  While capital ratios moderated from prior-year levels, they remain above regulatory well-capitalized thresholds. The decline primarily reflects

strong asset growth and deployment of capital into earning assets. Tangible book value per share was $11.24 at September 30, 2026, compared to $12.12 at

December 31, 2025.

About Broadway Financial Corporation

Broadway Financial Corporation operates through its wholly-owned banking subsidiary, City First Bank, National Association, which is

a leading mission-driven bank that serves low-to-moderate income communities within urban areas in Southern California and the Washington, D.C. market.

City First Bank offers a variety of commercial loan products, services, and depository accounts that support investments in

affordable housing, small businesses, and nonprofit community facilities located within low-to-moderate income neighborhoods.  City First Bank is a Community Development Financial Institution, Minority Depository Institution, Certified B Corp, and

a member of the Global Alliance of Banking on Values.  The Bank and the City First network of nonprofits, City First Enterprises, Homes By CFE, and City First Foundation, represent the City First branded family of

community development financial institutions, which offer a robust lending and deposit platform.

Contacts

Investor Relations

Zack Ibrahim, Chief Financial Officer, (202) 243-7100

Investor.relations@cityfirstbroadway.com

Cautionary Statement Regarding Forward-Looking Information

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States

Private Securities Litigation Reform Act of 1995.  All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy

and plans and objectives of management for future operations and capital allocation and structure, are forward-looking statements.  Forward‑looking statements typically include the words “expect,” “estimate,” “project,” “budget,” “forecast,”

“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” “poised,” “optimistic,” “prospects,” “ability,” “looking,” “forward,” “invest,” “grow,” “improve,” “deliver” and similar

expressions, but the absence of such words or expressions does not mean a statement is not forward-looking.  These forward‑looking statements are subject to risks and uncertainties, including those identified below, which could cause actual

future results to differ materially from historical results or from those anticipated or implied by such statements.  The following factors, among others, could cause future results to differ materially from historical results or from those

indicated by forward‑looking statements included in this press release: (1) the level of demand for mortgage and commercial loans, which is affected by such external factors as general economic conditions, market interest rate levels, tax laws,

and the demographics of our lending markets; (2) the direction and magnitude of changes in interest rates and the relationship between market interest rates and the yield on our interest‑earning assets and the cost of our interest‑bearing

liabilities; (3) the rate and amount of credit losses incurred and projected to be incurred by us, increases in the amounts of our nonperforming assets, the level of our loss reserves and management’s judgments regarding the collectability of

loans; (4) changes in the regulation of lending and deposit operations or other regulatory actions, whether industry-wide or focused on our operations, including increases in capital requirements or directives to increase allowances for credit

losses or make other changes in our business operations; (5) legislative or regulatory changes, including those that may be implemented by the current administration in Washington, D.C. and the Federal Reserve Board; (6) possible adverse rulings,

judgments, settlements and other outcomes of litigation; (7) actions undertaken by both current and potential new competitors; (8) the possibility of adverse trends in property values or economic trends in the residential and commercial real

estate markets in which we compete; (9) the effect of changes in general economic conditions; (10) the effect of geopolitical uncertainties; (11) the impact of health crises on our future financial condition and operations; (12) the impact of any

volatility in the banking sector due to the failure of certain banks due to high levels of exposure to liquidity risk, interest rate risk, uninsured deposits and cryptocurrency risk; (13) the loss of our CDFI certification could potentially limit

our grant income awards; and (14) other risks and uncertainties.  All such factors are difficult to predict and are beyond our control.  Additional factors that could cause results to differ materially from those described above can be found in

our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K or other filings made with the SEC and are available on our website at http://www.cityfirstbank.com and on the SEC’s website at http://www.sec.gov.

Forward-looking statements in this press release speak only as of the date they are made, and we undertake no obligation, and do

not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except to the extent required by law.  You are cautioned not to place undue reliance on these

forward-looking statements, which speak only as of the date of this press release.

BROADWAY FINANCIAL CORPORATION

Consolidated Statements of Financial Condition

(In thousands, except share and per share amounts)

September 30, 2026

December 31, 2025

(Unaudited)

Assets:

Cash and due from banks

$

1,824

$

1,676

Interest-bearing deposits in other banks

47,486

8,831

Cash and cash equivalents

49,310

10,507

Securities available-for-sale, at fair value (amortized cost of $326,554 and $265,371)

305,410

256,835

Loans receivable held for investment, net of allowance of $9,964 and $9,424

1,132,690

1,016,540

Accrued interest receivable

7,518

5,999

Federal Home Loan Bank (FHLB) stock

5,752

4,417

Federal Reserve Bank (FRB) stock

3,543

3,543

Office properties and equipment, net

8,730

8,732

Bank owned life insurance

24,443

23,663

Deferred tax assets, net

10,379

6,711

Core deposit intangible, net

1,232

1,460

Other assets

7,916

7,162

Total assets

$

1,556,923

$

1,345,569

Liabilities and equity

Liabilities:

Deposits

$

1,109,962

$

917,603

Securities sold under agreements to repurchase

79,999

80,773

Borrowings

99,000

72,000

Accrued expenses and other liabilities

12,345

12,236

Total liabilities

1,301,306

1,082,612

Equity:

Non-Cumulative Redeemable Perpetual Preferred stock, Series C; authorized 150,000 shares at September

30, 2026 and December 31, 2025; issued and outstanding 150,000 shares at September 30, 2026 and December 31, 2025; liquidation value $1,000 per share

150,000

150,000

Common stock, Class A, $0.01 par value, voting; authorized 75,000,000 shares at September 30, 2026

and December 31, 2025; issued 6,505,579 shares at September 30, 2026 and 6,409,760 shares at December 31, 2025; outstanding 6,178,351 shares at September 30, 2026 and 6,082,532 shares at December 31, 2025

65

64

Common stock, Class B, $0.01 par value, non-voting; authorized 15,000,000 shares at September 30,

2026 and December 31, 2025; issued and outstanding 1,425,404 shares at September 30, 2026 and December 31, 2025

14

14

Common stock, Class C, $0.01 par value, non-voting; authorized 25,000,000 shares at September 30,

2026 and December 31, 2025; issued and outstanding 1,672,562 at September 30, 2026 and December 31, 2025

17

17

Additional paid-in capital

143,653

143,194

Accumulated deficit

(14,219

)

(15,238

)

Unearned Employee Stock Ownership Plan (ESOP) shares

(3,680

)

(3,869

)

Accumulated other comprehensive loss, net of tax

(15,056

)

(6,105

)

Treasury stock-at cost, 327,228 shares at September 30, 2026 and at December 31, 2025

(5,326

)

(5,326

)

Total Broadway Financial Corporation and Subsidiary equity

255,468

262,751

Non-controlling interest

149

206

Total liabilities and equity

$

1,556,923

$

1,345,569

The following table sets forth the consolidated statements of operations for the three and nine months ended September 30, 2026 and 2025.

BROADWAY FINANCIAL CORPORATION

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Interest income:

Interest and fees on loans receivable

$

15,120

$

14,353

$

13,418

$

42,760

$

39,360

Interest on available-for-sale securities

3,380

3,210

1,690

9,203

4,069

Other interest income

298

240

683

847

1,560

Total interest income

18,798

17,803

15,791

52,810

44,989

Interest expense:

Interest on deposits

6,973

6,985

5,363

19,948

14,441

Interest on borrowings

1,929

1,328

1,811

4,423

6,131

Total interest expense

8,902

8,313

7,174

24,371

20,572

Net interest income

9,896

9,490

8,617

28,439

24,417

Provision for credit losses

668

1,481

679

2,349

2,139

Net interest income after provision for credit losses

9,228

8,009

7,938

26,090

22,278

Non-interest income:

Service charges

36

44

47

124

131

Grants

55

23

145

185

275

Earnings on bank owned life insurance

264

261

61

780

83

Management fees

8

475

19

497

106

Other

133

147

150

449

470

Total non-interest income

496

950

422

2,035

1,065

Non-interest expense:

Compensation and benefits

4,684

4,253

4,340

13,823

14,036

Occupancy expense

530

458

505

1,496

1,530

Information services

1,051

804

768

2,795

2,248

Professional services

629

571

624

1,786

2,112

Advertising and promotional expense

73

56

76

253

183

Supervisory costs

292

179

161

656

510

Corporate insurance

72

56

86

183

219

Amortization of core deposit intangible

76

76

78

228

236

Operational loss

-

-

(1,603

)

-

340

Goodwill impairment

-

-

25,858

-

25,858

Other

924

1,023

625

2,602

1,965

Total non-interest expense

8,331

7,476

31,518

23,822

49,237

Income (loss) before income taxes

1,393

1,483

(23,158

)

4,303

(25,894

)

Income tax expense (benefit)

279

330

736

891

(54

)

Net income (loss)

1,114

1,153

(23,894

)

3,412

(25,840

)

Less: Net (loss) income attributable to non-controlling interest

(28

)

185

(11

)

143

(20

)

Net income (loss) attributable to Broadway Financial Corporation

1,142

968

(23,883

)

3,269

(25,820

)

Less: Preferred stock dividends

750

750

750

2,250

2,250

Net income (loss) attributable to common stockholders

$

392

$

218

$

(24,633

)

$

1,019

$

(28,070

)

Earnings (loss) per common share-basic

$

0.04

$

0.02

$

(2.86

)

$

0.12

$

(3.27

)

Earnings (loss) per common share-diluted

$

0.04

$

0.02

$

(2.86

)

$

0.11

$

(3.27

)

The following tables set forth the average balances, average yields and costs for the periods indicated.  All average balances are daily average balances.  The yields

set forth below include the effect of deferred loan fees, and discounts and premiums that are amortized or accreted to interest income or expense.

BROADWAY FINANCIAL CORPORATION

Consolidated Averages, Interest Yields and Rates (Unaudited)

(In thousands, except share and per share amounts)

Three Months Ended

Three Months Ended

Three Months Ended

September 30, 2026

June 30, 2026

September 30, 2025

Assets

Interest-earning assets:

Interest-bearing deposits

$

16,416

$

150

3.63

%

$

13,380

$

120

3.60

%

$

49,348

$

556

4.47

%

Securities

320,693

3,380

4.18

%

312,186

3,210

4.12

%

206,224

1,690

3.25

%

Loans receivable (1)

1,140,585

15,120

5.26

%

1,101,866

14,353

5.22

%

993,090

13,418

5.36

%

FRB and FHLB stock (2)

10,117

148

5.80

%

7,530

120

6.39

%

7,461

127

6.75

%

Total interest-earning assets

1,487,811

$

18,798

5.01

%

1,434,962

$

17,803

4.98

%

1,256,123

$

15,791

4.99

%

Non-interest-earning assets

42,971

42,246

50,659

Total assets

$

1,530,782

$

1,477,208

$

1,306,782

Liabilities and Stockholders’ Equity

Interest-bearing liabilities:

Money market deposits

$

184,743

$

1,049

2.25

%

$

175,103

$

942

2.16

%

$

155,121

$

422

1.08

%

Savings deposits

197,914

1,743

3.49

%

244,794

2,213

3.63

%

44,095

50

0.45

%

Interest checking and other demand deposits

256,432

1,448

2.24

%

262,783

1,447

2.21

%

263,972

2,105

3.16

%

Certificate accounts

318,644

2,733

3.40

%

281,036

2,383

3.40

%

282,955

2,786

3.91

%

Total deposits

957,733

6,973

2.89

%

963,716

6,985

2.91

%

746,143

5,363

2.85

%

FHLB Borrowings

117,213

1,166

3.95

%

62,884

614

3.92

%

63,016

711

4.48

%

Securities sold under agreements to repurchase

82,126

763

3.69

%

77,553

714

3.69

%

76,906

710

3.66

%

Secured borrowings

-

-

-

-

-

-

30,253

390

5.11

%

Total borrowings

199,339

1,929

3.84

%

140,437

1,328

3.79

%

170,175

1,811

4.22

%

Total interest-bearing liabilities

1,157,072

$

8,902

3.05

%

1,104,153

$

8,313

3.02

%

916,318

$

7,174

3.11

%

Non-interest-bearing liabilities

111,468

109,709

104,006

Stockholders’ equity

262,242

263,346

286,458

Total liabilities and stockholders’ equity

$

1,530,782

$

1,477,208

$

1,306,782

Net interest rate spread (3)

$

9,896

1.96

%

$

9,490

1.96

%

$

8,617

1.88

%

Net interest rate margin (4)

2.64

%

2.65

%

2.72

%

Ratio of interest-earning assets to interest-bearing liabilities

128.58

%

129.96

%

137.08

%

(1) Amount includes non-accrual loans.

(2) FHLB is Federal Home Loan Bank.

(3) Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average

interest-bearing liabilities.

(4) Net interest rate margin represents net interest income as a percentage of average interest-earning assets.

For the Nine Months Ended

September 30, 2026

September 30, 2025

(Dollars in thousands) (Unaudited)

Average Balance

Interest

Average Yield

Average Balance

Interest

Average Yield

Assets

Interest-earning assets:

Interest-earning deposits

$

17,430

$

470

3.61

%

$

34,221

$

1,134

4.43

%

Securities

299,634

9,203

4.11

%

195,049

4,069

2.79

%

Loans receivable (1)

1,094,214

42,760

5.22

%

995,521

39,360

5.29

%

FRB and FHLB stock (2)

8,109

377

6.22

%

8,694

426

6.55

%

Total interest-earning assets

1,419,387

$

52,810

4.97

%

1,233,485

$

44,989

4.88

%

Non-interest-earning assets

42,533

49,799

Total assets

$

1,461,920

$

1,283,284

Liabilities and Equity

Interest-bearing liabilities:

Money market deposits

$

183,674

$

3,037

2.21

%

$

136,183

$

1,015

1.00

%

Savings deposits

182,073

4,586

3.37

%

46,506

179

0.51

%

Interest checking and other demand deposits

261,191

4,515

2.31

%

256,952

5,991

3.12

%

Certificate accounts

304,356

7,810

3.43

%

259,447

7,256

3.74

%

Total deposits

931,294

19,948

2.86

%

699,088

14,441

2.76

%

Borrowings

74,991

2,201

3.92

%

91,585

2,950

4.31

%

Securities sold under agreements to repurchase

80,678

2,222

3.68

%

71,302

1,948

3.65

%

Secured borrowings

-

-

-

%

30,946

1,233

5.33

%

Total borrowings

155,669

4,423

3.80

%

193,833

6,131

4.23

%

Total interest-bearing liabilities

1,086,963

$

24,371

3.00

%

892,921

$

20,572

3.08

%

Non-interest-bearing liabilities

111,614

104,684

Equity

263,343

285,679

Total liabilities and equity

$

1,461,920

$

1,283,284

Net interest rate spread (3)

$

28,439

1.98

%

$

24,417

1.80

%

Net interest rate margin (4)

2.68

%

2.65

%

Ratio of interest-earning assets to interest-bearing liabilities

130.58

%

138.14

%

(1) Amount includes non-accrual loans.

(2) FHLB is Federal Home Loan Bank.

(3) Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average

interest-bearing liabilities.

(4) Net interest rate margin represents net interest income as a percentage of average interest-earning assets.

The following table sets forth selected financial data and ratios for the quarters and nine months noted below.

BROADWAY FINANCIAL CORPORATION

Selected Financial Data and Ratios  (Unaudited)

(Dollars in thousands, except per share data)

Three Months Ended

Nine Months Ended

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

September 30,

2026

September 30,

2025

Balance Sheets at Period Ended:

Total gross loans

$

1,142,654

$

1,137,338

$

1,068,771

$

1,025,964

$

1,023,483

$

1,142,654

$

1,023,483

Allowance for credit losses

9,964

10,799

9,509

9,424

10,339

9,964

10,339

Investment securities

305,410

327,030

284,103

256,835

244,005

305,410

244,005

Total assets

1,556,923

1,563,699

1,426,065

1,345,569

1,335,565

1,556,923

1,335,565

Total deposits

1,109,962

1,114,651

1,073,056

917,603

849,205

1,109,962

849,205

Total stockholders’ equity

255,468

262,304

262,480

262,751

261,687

255,468

261,687

Profitability for Period Ended:

Interest income

$

18,798

$

17,803

$

16,209

$

16,293

$

15,791

$

52,810

$

44,989

Interest expense

8,902

8,313

7,156

7,563

7,174

24,371

20,572

Net interest income

9,896

9,490

9,053

8,730

8,617

28,439

24,417

Provision for credit losses

668

1,481

200

47

679

2,349

2,139

Non-interest income

496

950

589

687

422

2,035

1,065

Non-interest expenses

8,331

7,476

8,015

7,946

31,518

23,822

49,237

Income (loss) before income taxes

1,393

1,483

1,427

1,424

(23,158

)

4,303

(25,894

)

Income tax expense (benefit)

279

330

282

392

736

891

(54

)

Net income (loss)

1,114

1,153

1,145

1,032

(23,894

)

3,412

(25,840

)

Less: Net (loss) income attributable to non-controlling interest

(28

)

185

(14

)

7

(11

)

143

(20

)

Net income (loss) attributable to Broadway Financial Corporation

1,142

968

1,159

1,025

(23,883

)

3,269

(25,820

)

Less: Preferred stock dividends

750

750

750

750

750

2,250

2,250

Net income (loss) attributable to common stockholders

$

392

$

218

$

409

$

275

$

(24,633

)

$

1,019

$

(28,070

)

Financial Performance:

Return (loss) on average assets (annualized)

0.10

%

0.06

%

0.12

%

0.08

%

(7.48

)%

0.09

%

(2.92

)%

Return (loss) on average equity (annualized)

0.59

%

0.34

%

0.63

%

0.41

%

(34.12

)%

0.52

%

(13.14

)%

Net interest margin

2.64

%

2.65

%

2.75

%

2.62

%

2.72

%

2.68

%

2.65

%

Efficiency ratio

80.17

%

71.61

%

83.13

%

84.38

%

348.69

%

78.17

%

193.22

%

Per Share Data:

Book value per share

$

11.37

$

12.11

$

12.10

$

12.28

$

12.17

$

11.37

$

12.17

Weighted average common shares (basic)

8,682,092

8,679,800

8,597,291

8,639,459

8,617,707

7,324,696

8,581,883

Weighted average common shares (diluted)

8,871,913

8,874,673

8,816,188

8,639,459

8,617,707

8,854,549

8,581,883

Common shares outstanding at end of period

9,276,317

9,273,624

9,298,949

9,180,498

9,180,760

9,276,317

9,180,760

Financial Measures:

Gross loans to assets

73.39

%

72.73

%

74.95

%

76.25

%

76.63

%

73.39

%

76.63

%

Gross loans to deposits

102.95

%

102.04

%

99.60

%

111.81

%

120.52

%

102.95

%

120.52

%

Allowance for credit losses to gross loans

0.87

%

0.95

%

0.89

%

0.92

%

1.01

%

0.87

%

1.01

%

Allowance for credit losses to total non-accrual loans

72.59

%

96.74

%

82.97

%

84.38

%

76.36

%

72.59

%

76.36

%

Non-accrual loans to gross loans

1.20

%

0.98

%

1.07

%

1.09

%

1.32

%

1.20

%

1.32

%

Non-performing assets to total assets

0.88

%

0.71

%

0.80

%

0.83

%

1.01

%

0.88

%

1.01

%

Net charge-offs (recoveries) to average total loans

0.13

%

0.03

%

-

0.11

%

-

0.16

%

-

Average Balance Sheets:

Total loans

$

1,140,585

$

1,101,866

$

1,039,076

$

1,050,757

$

993,090

$

1,094,214

$

995,521

Investment securities

320,693

312,186

265,415

246,662

206,224

299,634

195,049

Total assets

1,530,782

1,477,208

1,376,070

1,361,026

1,306,782

1,461,920

1,283,284

Total deposits

957,733

963,716

871,487

775,913

746,143

931,294

699,088

Total stockholders’ equity

262,242

263,346

264,464

263,266

286,458

263,343

285,679

In addition to results presented in accordance with U.S. generally accepted accounting principles (“GAAP”), management considers various non-GAAP measures when

evaluating the performance of the business, including net income and diluted earnings per common share before preferred dividends, net income and diluted earnings per common share before preferred dividends and goodwill impairment, pre-provision

net revenue, efficiency ratio, and tangible book value (collectively, the “non-GAAP measures”).  These non-GAAP measures are measurements of performance that are not prepared in accordance with U.S. generally accepted accounting principles and

computational methods may differ from those used by other companies.  Management believes these non-GAAP measures provide useful supplemental information to investors because they assist investors in understanding how management evaluates operating

performance and makes day-to-day operating decisions. However, these non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s financial

statements prepared in accordance with GAAP.

The following table sets forth a GAAP to Non-GAAP reconciliation of financial measures for the quarters and nine months noted below.

BROADWAY FINANCIAL CORPORATION AND SUBSIDIARY

GAAP Reconciliation to Non-GAAP Financial Measures (Unaudited)

(Dollars in thousands, except per share data)

Three Months Ended

Nine Months Ended

September 30,

2026

June 30,

2026

September 30,

2025

September 30,

2026

September 30,

2025

Net income before preferred dividends and Earnings per common share - diluted before preferred dividends:

Net income (loss) attributable to common stockholders

$

392

$

218

$

(24,633

)

$

1,019

$

(28,070

)

Net (income) loss attributable to participating securities

8

5

-

24

-

Add: Preferred stock dividends

750

750

750

2,250

2,250

Net income before preferred dividends

1,150

973

(23,883

)

3,293

(25,820

)

Add: Goodwill impairment

-

-

25,858

-

25,858

Net income before preferred dividends and goodwill impairment

$

1,150

$

973

$

1,975

$

3,293

$

38

Weighted average common shares outstanding for diluted earnings per common share

8,871,913

8,874,673

8,617,707

8,854,549

8,581,883

Earnings per common share - diluted before preferred dividends

$

0.13

$

0.11

$

0.23

$

0.37

$

0.00

Pre-provision net revenue:

Net interest income

$

9,896

$

9,490

$

8,617

$

28,439

$

24,417

Non-interest income

496

950

422

2,035

1,065

Less: Non-interest expense

8,331

7,476

31,518

23,822

49,237

Pre-provision net revenue

$

2,061

$

2,964

$

(22,479

)

$

6,652

$

(23,755

)

Three Months Ended

Nine Months Ended

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

September 30,

2026

September 30,

2025

Efficiency ratio:

Net interest income

$

9,896

$

9,490

$

9,053

$

8,730

$

8,617

$

28,439

$

24,417

Non-interest income

496

950

589

687

422

2,035

1,065

Operating revenue

10,392

10,440

9,642

9,417

9,039

30,474

25,482

Non-interest expense

$

8,331

$

7,476

$

8,015

$

7,946

$

31,518

$

23,822

$

49,237

Efficiency ratio

80.17

%

71.61

%

83.13

%

84.38

%

348.69

%

78.17

%

193.22

%

September 30,

2026

December 31,

2025

ACL as a percentage of total loans less purchased loans:

Gross loans

$

1,142,654

$

1,026,143

Less: Purchased loans

170,827

75,321

Gross loans less purchased loans

971,827

950,822

ACL

9,964

8,695

ACL as a percentage of total loans less purchased loans

1.03

%

0.91

%

Common Equity

Shares

Per Share

Capital

Outstanding

Amount

September 30, 2026

Common book value

$

105,468

9,276,317

$

11.37

Less:

Net unamortized core deposit intangible

1,232

Tangible book value

$

104,236

9,276,317

$

11.24

December 31, 2025

Common book value

$

112,751

9,180,498

$

12.28

Less:

Net unamortized core deposit intangible

1,460

Tangible book value

$

111,291

9,180,498

$

12.12

Net income and diluted earnings per common share before preferred dividends and goodwill impairment represent net income and diluted earnings per share adjusted to

exclude the impact of preferred stock dividends and goodwill impairment. Net income and diluted earnings per common share before preferred dividends represent net income and diluted earnings per share adjusted to exclude the impact of preferred

stock dividends. Management considers this information useful to investors because it provides additional perspective on the earnings available from the Company’s operating activities and facilitates comparisons across reporting periods.

Pre-provision net revenue is calculated by subtracting noninterest expenses from the sum of net interest income and noninterest income. Management considers this

information useful to investors because it provides supplemental information regarding the Company’s ability to generate earnings through its business activities before consideration of the provision for credit losses, which can vary significantly

from period to period.

Efficiency ratio represents noninterest expense divided by the sum of net interest income and noninterest income, excluding certain non-core items, as applicable.

Management considers this information useful to investors as it provides supplemental information regarding the relationship between operating expenses and revenue generation.

The Company calculates tangible book value per common share by dividing tangible common equity by common shares outstanding. Tangible common equity is calculated as

common stockholders’ equity less goodwill and other intangible assets.

Management believes this measure is useful to investors as tangible equity is a measure that is consistent with the calculation of capital for bank regulatory

purposes, which excludes intangible assets from the calculation of risk based ratios, and provides a meaningful assessment of capital adequacy and facilitates comparisons with other financial institutions.

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: ef20085511_ex99-2.htm · Sequence: 3

Exhibit 99.2

Third Quarter 2026 Earnings Presentation  November 12, 2026

Cautionary Forward-Looking Statements  This presentation is for informational

purposes only and does not purport to include a complete discussion of the topics mentioned and should not be relied upon as a basis for making an investment decision in the Company’s securities. This presentation also includes

“forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements often include words such as “expect,” “estimate,” “project,”

“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions, but the absence of such words or expressions does not mean a statement is not

forward-looking. These forward‑looking statements are subject to risks and uncertainties, including those identified below, which could cause actual future results to differ materially from historical results or from those anticipated or

implied by such statements. The following factors, among others, could cause future results to differ materially from historical results or from those indicated by forward‑looking statements included in this presentation: (1) the level of

demand for mortgage and commercial loans, which is affected by such external factors as general economic conditions, market interest rate levels, tax laws, and the demographics of our lending markets; (2) the direction and magnitude of

changes in interest rates and the relationship between market interest rates and the yield on our interest‑earning assets and the cost of our interest‑bearing liabilities; (3) the rate and amount of credit losses incurred and projected to

be incurred by us, increases in the amounts of our nonperforming assets, the level of our loss reserves and management’s judgments regarding the collectability of loans; (4) changes in the regulation of lending and deposit operations or

other regulatory actions, whether industry-wide or focused on our operations, including increases in capital requirements or directives to increase allowances for credit losses or make other changes in our business operations; (5)

legislative or regulatory changes, including those that may be implemented by the current administration in Washington, D.C. and the Federal Reserve Board; (6) possible adverse rulings, judgments, settlements and other outcomes of

litigation; (7) actions undertaken by both current and potential new competitors; (8) the possibility of adverse trends in property values or economic trends in the residential and commercial real estate markets in which we compete; (9) the

effect of changes in general economic conditions; (10) the effect of geopolitical uncertainties; (11) the impact of health crises on our future financial condition and operations; (12) the impact of any volatility in the banking sector due

to the failure of certain banks due to high levels of exposure to liquidity risk, interest rate risk, uninsured deposits and cryptocurrency risk; (13) the loss of our CDFI certification could potentially limit our grant income awards; and

(14) other risks and uncertainties. All such factors are difficult to predict and are beyond our control. Additional factors that could cause results to differ materially from those described above can be found in our annual reports on Form

10-K, quarterly reports on Form 10-Q, current reports on Form 8-K or other filings made with the SEC and are available on our website at http://www.cityfirstbank.com and on the SEC’s website at http://www.sec.gov.      Forward-looking

statements in this presentation speak only as of the date they are made, and we undertake no obligation, and do not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this

presentation, except to the extent required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation.

Corporate Overview & Geographic Footprint  In 2021, Broadway Financial

Corporation (BYFC) located in Los Angeles, CA completed a merger with CFBanc Corporation located in Washington, D.C., with BYFC continuing as the surviving entity  BYFC proudly serves communities on both coasts, with branches in Washington,

D.C. and Los Angeles, California  A mission-driven commercial bank with a focus on the benefit and economic empowerment of our customers and communities. BYFC exists to empower organizations and individuals with more limited access to

traditional commercial finance and banking services  BYFC operates as a certified B Corp and Public Benefit Corporation. City First Bank, N.A. operates as a certified Community Development Financial Institution (CDFI)  As of September 30,

2026, BYFC has 96 full-time equivalent employees  Ticker  NASDAQ: BYFC  Established  1946 (Broadway Federal Bank)  1995 (Broadway Financial Corporation)  Headquarters  Washington, D.C. (Bank HQ)  Los Angeles, CA (Holding Co.

HQ)  Branches  1 full-service branch – Washington, D.C.  2 full-service branches – Los Angeles, CA  Total Assets  $1.6 billion (as of 9/30/26)  Total Gross Loans  $1.1 billion (as of 9/30/26)  Total Deposits  $1.1 billion (as of

9/30/26)  Earnings Per Share (Basic)  $0.04 (for three months ended 9/30/26)  Community Bank Leverage Ratio (CBLR)  12.83% (as of 9/30/26)  Los Angeles, CA  Washington, D.C.  | Branch and Corporate Office Locations  Full-Service

Branch  Corporate Office Only

Executive Management Team  Brian Argrett  President &  CEO  35+ Years of

Experience  CEO of City First Bank prior to the merger with Broadway  Former Founder and Managing Partner of Fulcrum Capital Group  Zack Ibrahim  Chief Financial Officer  20+ Years of Experience  Former Head of Corporate Finance at Texas

Capital Bank  Previously held key financial leadership roles at Truist, M&T Bank, Regions, Northern Trust, & TIAA  John Allen  Chief Banking Officer  30+ Years of Experience  Former Regional Bank President for Wells

Fargo  Previously held roles at Santander Bank, Capital One, and Fifth Third Bank  Justin Jennings  Chief Deposit  Officer  Brian Wagner  Chief Human Resources Officer  20+ Years of Experience  Previously held roles with EagleBank Corp,

Truist, and PNC  Experience with acquiring top talent across the nation with multiple institutions  Tina Carew  Chief Legal Officer & Corporate Secretary  25+ Years of Experience  Former General Counsel and Corporate Secretary for

Invesco Mortgage Capital Inc.  Previously held roles at FHLB Atlanta and Sullivan & Cromwell  20+ Years of Experience  Former Operations Officer at Columbia Bank  Previously held treasury and operations roles at JP Morgan Chase &

Co

Q3 2026 Financial Summary  1  Strong Fundamental Performance: Q3 2026 Net

Income Attributable to Common Stockholders of $0.4MM was up 80% QoQ  2  Strong Balance Sheet Growth: Total assets increased $221MM (17%) YoY, reflecting continued momentum in franchise growth. Total deposits increased $261MM (31%)

YoY  3  Strategic Investments: Increased non-interest expense reflects investments in personnel, technology, and operational infrastructure to support growth, enhance client services, and strengthen the long-term operating

platform  4  Margin: Despite elevated funding costs in a higher rate environment, net interest margin remained stable QoQ. Management is focused on loan repricing opportunities, optimizing deposit mix, and disciplined balance sheet

management  5  Capital: While capital ratios moderated from prior-year levels, they remain substantially above regulatory well-capitalized thresholds. The decline primarily reflects strong asset growth and deployment of capital into earning

assets

Stock Price & Valuations   | Stock Valuation ($)   | Stock Price

($)  Price / Book Value Per Share     60%  60%  60%  80%  104%  Price / TBV Per Share     61%  61%  61%  81%  105%  1 Non-GAAP Measure. Please see the reconciliation of Non-GAAP information in the appendix of the presentation  1  1

Key Financial Highlights  1 Non-Interest Expense is adjusted for recoveries of

$1.6MM in Q3 2025 and $0.2MM in Q4 2025 from a $1.9MM wire fraud expense in Q1 2025. Non-Interest Expense is also adjusted to exclude goodwill impairment of $25.9MM in Q3 2025.   2 Non-GAAP Measure. Please see the reconciliation of Non-GAAP

information in the appendix of the presentation  3 Thousands (M); Millions (MM)   Key Financial Highlights  ActualsQ3 '26  ActualsQ2 '26  ActualsQ3 '25  ▲ vsPr Qtr  ▲ vsPr Yr  Balance Sheet ($MM)              Gross Loan

Balances  $1,143  $1,137  $1,023  0%  12%  Deposit Balances  $1,110  $1,115  $849  (0%)  31%  Investment Balance  $305  $327  $244  (7%)  25%  Total Assets  $1,557  $1,564  $1,336  (0%)  17%                 Income Statement

($MM)              Net Income Attributable to Common Stockholders  $0.4   $0.2   ($24.6)  80%  N/A  Net income attributable to Broadway Financial Corporation  $1.1   $1.0   ($23.9)  18%  N/A  Net Interest Income  $9.9   $9.5   $8.6

4%  15%  Non-Interest Income  $0.5   $1.0   $0.4   (48%)  18%  Operating Revenue   $10.4   $10.4   $9.0   (0%)  15%  Non-Interest Expense  $8.3   $7.5   $31.5   11%  (74%)  Adj. Non-Interest Expense 1&2  $8.3   $7.5   $7.3

11%  15%  Provision Expense  $0.7   $1.5   $0.7   (55%)  (2%)  Pre-Provision Net Revenue 2  $2.1   $3.0   ($22.5)  (30%)  N/A                 Key Performance Metrics              Net Interest

Margin  2.64%  2.65%  2.72%  (0.01%)  (0.08%)  Loan Yields  5.26%  5.22%  5.36%  0.04%  (0.10%)  Cost of Interest-Bearing Funds  3.05%  3.02%  3.11%  0.03%  (0.06%)  Loan to Deposit Ratio  102.9%  102.0%  120.5%  0.9%  (17.6%)  Return on

Average Assets   0.10%  0.06%  (7.48%)  0.04%  7.58%  Efficiency Ratio 2  80%  72%  349%  9%  (269%)  Adj. Efficiency Ratio 2  80%  72%  80%  9%  (0%)  ACL % of Gross LHI  0.87%  0.95%  1.01%  (0.08%)  (0.14%)  ACL % of Gross LHI (excl

GGLs) 2  1.03%  1.09%  1.07%  (0.07%)  (0.05%)

Third Quarter 2026 GAAP Financial Highlights  | Net Income attributable to

Broadway _Financial Corporation ($MM)1  | Total Gross Loans ($MM)  | Total Deposits ($MM)  | Community Bank Leverage   _Ratio (%)  | Net Interest Margin (%)  | ROAA (%)  1 One-time corrections of errors in the calculation of interest on

loans occurred in Q2 2026 with pre-tax impacts of ($0.5MM)

Deposits & Borrowings Portfolios  | Total Deposits ($MM) & Loans to

Deposits  | Deposit Composition %   | FHLB & Repos ($MM)   | Highlights  YoY total deposits have increased $261MM or 31% from $849MM in Q3 2025 to $1,110MM in Q3 2026  Loan to Deposit Ratio (LTD) improved from 120.5% to 102.9% YoY  As

of Q3 2026, FHLB borrowings were $99MM. FHLB borrowings were utilized as short-term funding to support asset growth  Deposit composition indicates a diverse portfolio with 9% of balances in non-interest-bearing accounts. The long-term

strategic goal is to double that percentage to help reduce overall cost of funds  As of Q3 2026, deposits include $100MM in brokered CDs, $146MM in CDARS, and $225MM in

ICS     2025  Q3  2025  Q4  2026  Q1  2026  Q2  2026  Q3  FHLB  107.5  72.0  0.0  94.0  99.0  Repos  76.1  80.8  81.2  81.9  80.0  Total  183.6  152.8  81.2  175.9  179.0

| Loan Yields2 %   Loan Portfolio   | Loan Composition %  | Total Gross Loans

($MM)  | Highlights  YoY total gross loans have increased by $119MM or 12% from $1,023MM in Q3 2025 to $1,143MM in Q3 2026  Loan yields have increased from 5.22% in Q2 2026 to 5.26% in Q3 2026. Continued repricing activity is expected to

provide support to loan yields and net interest margin in the coming quarters  Loan portfolio composition is heavily weighted toward multi-family due to the legacy lending strategy. We expect that mix to shift as we execute our long-term

strategic goals   1  1 GGL = Government Guaranteed Loan (USDA & SBA)  2 One-time corrections of errors in the calculation of interest on loans occurred in Q2 2026 with pre-tax impacts of ($0.5MM) and Q1 2026 with pre-tax impacts of

($0.3MM)

Investment Securities  | Investment Portfolio Composition  | Investment

Portfolio Yield (Market Yield)   | Highlights  As of Q3 2026, the investment securities portfolio book value was $327MM. The portfolio is primarily concentrated in MBS, CMO, and Corporate Bonds  The Unrealized Loss increased to ($21.1MM) in

Q3 2026 from ($10.7MM) in Q2 2026, due to changes in the fair value of investment securities resulting from market interest rate movements  YoY portfolio (market) yield improved from 3.25% to 4.18% due to purchases of higher-yielding

securities  The investment portfolio includes $30MM of high-quality bank sub-debt with a book yield of 6.22% as of Q3 2026  1 Securities book value excludes unrealized Available for Sale (AFS) gain / loss on sale  Type  % of Portfolio  Book

Yield  Book Value ($M)1  Market Value ($M)  Unrealized   Gain/Loss ($M)  MBS (Fixed)  48%  3.87%  155,635   140,386   (15,249)  CMO (Float)  24%  4.70%  77,773   76,465   (1,307)  Corporate Bonds  9%  6.22%  30,000   29,151   (849)  CMO

(Fixed)  7%  4.17%  24,192   22,879   (1,312)  Agency (Fixed)  5%  1.46%  16,890   16,092   (798)  SBA (Fixed)  2%  1.66%  7,420   6,095   (1,325)  Agency (Float)  2%  4.62%  5,547   5,558   11   Muni - Taxable  1%  1.44%  3,187   3,053

(135)  CMBS (Float)  1%  4.25%  3,018   3,016   (2)  Muni - TE  0%  1.64%  1,553   1,376   (176)  SBA (Float)  0%  5.28%  694   697   3   MBS (Float)  0%  5.40%  646   642   (4)  Total  100%  4.12%  326,554   305,410   (21,144)

Asset Quality   | NPAs ($MM) and NPAs/Assets (%)  | Provision for Credit

Losses ($MM) and   _Provision / Gross Loans (Annualized %)  | ACL / Adj. Gross Loans (%)1  | NCOs/Gross Loans (Annualized %)  1 Gross loans were adjusted for purchased government guaranteed loans (GGLs) attracting no loan loss reserves.

Non-GAAP Measure. Please see the reconciliation of Non-GAAP information in the appendix of the presentation.

Net Interest Income   | Net Interest Income ($MM) and Net Interest Margin

(%)  | Interest Expense Breakout ($MM)  | Interest Income Breakout ($MM)  | Interest Expense ($MM) and Cost of Funds (%)1  1 Cost of Funds reflects cost of interest-bearing liabilities

Non-Interest Expense   | NIE Breakout by Category (GAAP)  1 Non-Interest

Expense is adjusted for recoveries of $1.6MM in Q3 2025 and $0.2MM in Q4 2025 from a $1.9MM wire fraud expense in Q1 2025. Non-Interest Expense is also adjusted to exclude goodwill impairment of $25.9MM in Q3 2025.   2 Non-GAAP Measure.

Please see the reconciliation of Non-GAAP information in the appendix of the presentation.  | Adjusted Non-Interest Expense ($MM)1&2  | Adjusted Efficiency Ratio (%)2  ($M)  Q3 2025  Q4 2025  Q1 2026  Q2 2026  Q3 2026  QoQ Change  YoY

Change  Compensation & Benefits  4,340  4,802  4,886  4,253  4,684  10%  8%  Occupancy & Equipment  505  507  508  458  530  16%  5%  Marketing and Promotion Expense  76  0  124  56  73  30%  (4%)  Professional

Fees  624  896  586  571  629  10%  1%  Information Services  768  763  940  804  1,051  31%  37%  Amortization of Intangibles  78  79  76  76  76  0%  (3%)  Impairment of Goodwill  25,858  0  0  0  0  N/A  (100%)  Operational Loss

(Recovery)  (1,603)  (240)  0   0  0  N/A  (100%)  Other Expense  872  1,139  895  1,258  1,288  2%  48%  Total Non-Interest Expense  31,518  7,946  8,015  7,476  8,331  11%  (74%)

Capital & Liquidity   | Community Bank Leverage Ratio (%)  | Tier 1

Capital ($MM)  | Liquidity Sources ($MM)  | Highlights  Community Bank Leverage Ratio (CBLR) remains strong at 12.83% as of Q3 2026, reflecting the Bank's strong capital position and well-capitalized status, with a substantial buffer above

the 8.00% regulatory minimum  We believe the Bank has access to sufficient liquidity from cash, unpledged securities, and available FHLB advance capacity   Tier 1 capital reflects steady growth over the last five quarters  Source  As of

9/30/26  Cash and Cash Equivalents  49.3   Market Value of Unpledged Securities  211.2   Available FHLB Advance Capacity  88.7   Available Fed Fund Lines of Credit  10.0    Total Estimated Sources of Liquidity  359.3

Appendix

Quarterly Financial Summary  1 One-time corrections of errors in the

calculation of interest on loans occurred in Q2 2026 with pre-tax impacts of ($0.5MM) and Q1 2026 with pre-tax impacts of ($0.3MM)  2 Non-Interest Expense is adjusted for recoveries of $1.6MM in Q3 2025 and $0.2MM in Q4 2025 from a $1.9MM

wire fraud expense in Q1 2025. Non-Interest Expense is also adjusted to exclude goodwill impairment of $25.9MM in Q3 2025.  3 Non-GAAP Measure. Please see the reconciliation of Non-GAAP information in the appendix of the presentation  END

OF PERIOD DATE  9/30/2025  12/31/2025  3/31/2026  6/30/2026  9/30/2026                    BALANCE SHEET ($000)                 Total Net Loans  1,013,144  1,016,540  1,059,262  1,126,539  1,132,690  Total

Securities  244,005  256,835  284,103  327,030  305,410  Total Assets  1,335,565  1,345,569  1,426,065  1,563,699  1,556,923  Total Deposits  849,205  917,603  1,073,056  1,114,651  1,109,962                    INCOME STATEMENT

($000)                 Interest Income1  15,791   16,293   16,209   17,803   18,798   Interest Expense  7,174   7,563   7,156   8,313   8,902   Total Non-Interest Income  422   687   589   950   496   Non-Interest Expenses  31,518   7,946

8,015   7,476   8,331   Adjusted Non-interest Expenses 2&3  7,263   8,186   8,015   7,476   8,331   Provision for Credit Losses  679   47   200   1,481   668   Pre-Provision Net Revenue3  (22,479)  1,471   1,627   2,964   2,061   Net

Income (loss) attributable to common stockholders1  (24,633)  275   409   218   392   Net Income (loss) attributable to Broadway Financial Corporation1  (23,883)  1,025   1,159   968   1,142                     KEY FINANCIAL METRICS

(%)                 ROAA (annualized)  (7.48)  0.08   0.12   0.06   0.10   ROAE (annualized)  (34.12)  0.41   0.63   0.33   0.59   Net Interest Margin  2.72   2.62   2.75   2.65   2.64   Efficiency Ratio 3  348.69   84.38   83.13   71.61

80.17   Adjusted Efficiency Ratio 3  80.35   86.93   83.13   71.61   80.17   Loans/ Deposits  120.52   111.81   99.60   102.04   102.95   Securities/ Assets  18.27   19.09   19.92   20.91   19.62   NPAs/ Assets  1.01   0.83   0.80   0.71

0.88   ACL/ Gross Loans  1.01   0.92   0.89   0.95   0.87   ACL/ Gross Loans (excl GGLs)3  1.07   0.99   1.00   1.09   1.03

Reconciliation of Non-GAAP Information  Adj. Non-Interest Expense ($M) and

Adj. Efficiency Ratio (%)  2026Q3  2026Q2  2026Q1  2025Q4  2025Q3  Non-Interest Expense  8,331   7,476   8,015   7,946   31,518   Add: Operational Recovery (Loss)  -  -  -  240  1,603   Less: Goodwill Impairment  -  -  -  -  25,858   Adj.

Non-Interest Expense  8,331   7,476   8,015   8,186   7,263         Net Interest Income  9,896   9,490   9,053   8,730   8,617   Non-Interest Income  496   950   589   687   422   Operating Revenue  10,392   10,440   9,642   9,417   9,039

Efficiency Ratio  80.2%  71.6%  83.1%  84.4%  348.7%  Adj. Efficiency Ratio  80.2%  71.6%  83.1%  86.9%  80.4%  ACL ($M) / Adj. Gross Loans ($M)  2026Q3  2026Q2  2026Q1  2025Q4  2025Q3  Gross Loans  1,142,654   1,137,338   1,068,771

1,025,964   1,023,483   Less: Government Guaranteed Loans  170,827   150,951   113,931   75,321   58,170   Adj. Gross Loans  971,827   986,387   954,840   950,643   965,313   ACL  9,964   10,799   9,509   9,424   10,339   ACL/ Adj. Gross

Loans  1.03%  1.09%  1.00%  0.99%  1.07%  Pre-Provision Net Revenue ($M)  2026Q3  2026Q2  2026Q1  2025Q4  2025Q3  Net Interest Income  9,896   9,490   9,053   8,730   8,617   Non-Interest Income  496   950   589   687   422   Less:

Non-Interest Expense  8,331   7,476   8,015   7,946   31,518   Pre-Provision Net Revenue  2,061   2,964   1,627   1,471   (22,479)

Reconciliation of Non-GAAP Information  Book Value Per Share

($M)  2026Q3  2026Q2  2026Q1  2025Q4  2025Q3  Common Book Value  105,468   112,304   112,480   112,751   111,687   Shares Outstanding  9,276,317   9,273,624   9,298,949   9,180,498   9,180,760   Book Value Per Share  11.37   12.11   12.10

12.28   12.17   Tangible Book Value Per Share ($M)  2026Q3  2026Q2  2026Q1  2025Q4  2025Q3  Common Book Value  105,468   112,304   112,480   112,751   111,687   Less: Net unamortized core deposit intangible  1,232   1,308   1,384   1,460

1,539   Tangible Book Value  104,236   110,996   111,096   111,291   110,148   Shares Outstanding  9,276,317   9,273,624   9,298,949   9,180,498   9,180,760   Tangible Book Value Per Share  11.24   11.97   11.95   12.12   12.00

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Number 240

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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-Subsection 2b

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Title of a 12(b) registered security.

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-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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-Name Securities Act

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-Section 425

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