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.

Previous year: -$0.00979

+10523.1%