Broadway Financial CORP \de\: management transactions · United States · SEC (Form 4)

About Broadway Financial CORP \de\

Broadway Financial Corp. (ticker: BYFC) is a U.S.-listed bank holding company traded on the NASDAQ in the United States. Its core business is conducted through its wholly owned subsidiary, City First Bank, National Association, giving the group a mission-driven community banking profile rather than the footprint of a large national lender. The company is headquartered in Los Angeles, California, and it also serves the Washington, D.C. market. Its operating model is straightforward: it gathers deposits from the public and uses those funds, together with borrowings and other sources of liquidity, to originate mortgage loans secured by residential and commercial real estate. That makes Broadway Financial primarily a real-estate-oriented depository institution. The company was incorporated under Delaware law in 1995 to hold the stock of Broadway Federal Savings and Loan Association during its conversion from a mutual thrift to a stock institution. Over time, Broadway broadened its platform through a merger with City First, which created City First Broadway and reinforced the group’s identity as a bank focused on underserved urban communities. This legacy remains central to the investment case: the firm positions itself as a stakeholder-oriented lender with a social impact mission embedded in its corporate structure. From a competitive standpoint, BYFC operates in a crowded U.S. banking landscape. Its differentiation does not come from scale, but from specialization. The bank targets low- to moderate-income urban communities, nonprofit organizations, local municipalities, and customers who value relationship banking and a community development focus. Its key products and services include deposit accounts and mortgage lending, with an emphasis on residential and commercial real estate credit. In practice, this places Broadway in competition with regional banks, larger money-center banks, credit unions, and other mortgage and specialty finance providers. Recent developments are important for investors. In April 2026, Broadway Financial reported improved first-quarter results, with net income before preferred dividends turning positive year over year, indicating some progress in earnings recovery. The company also disclosed governance and leadership changes during 2025, which are relevant for continuity and execution. At the same time, Broadway has had to address restatements and non-reliance matters tied to certain loan participation agreements, first disclosed in 2025 and still material in 2026. For investors in France, Belgium, and Switzerland, BYFC therefore represents a small-cap U.S. banking name on NASDAQ with a niche community-focused franchise, a real-estate lending orientation, and a recent earnings recovery story that should be weighed alongside ongoing accounting and execution risks.