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Mar 31, 2021
Broadway Financial Q1 2021 Earnings Report
Reported a consolidated net loss due to merger-related expenses.
Key Takeaways
Broadway Financial Corporation reported a consolidated net loss of $3.5 million, or ($0.13) per share, for Q1 2021, primarily due to $5.4 million in merger-related expenses. The merger with CFBanc Corporation was completed on April 1, 2021, and a private placement raised $32.9 million in gross proceeds.
Consolidated net loss of $3.5 million, or ($0.13) per share, for Q1 2021.
Merger-related expenses totaled $5.4 million, impacting Q1 results.
Completed merger with CFBanc Corporation on April 1, 2021.
Raised $32.9 million in gross proceeds through private placements.