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Jun 30, 2022
Broadway Financial Q2 2022 Earnings Report
Broadway Financial Corporation reported net earnings for Q2 2022.
Key Takeaways
Broadway Financial Corporation reported consolidated net earnings of $1.9 million, or $0.03 per diluted share, for the second quarter of 2022, compared to consolidated net earnings of $701 thousand, or $0.01 per diluted share, for the second quarter of 2021.
Total assets increased $130.7 million to over $1.2 billion at June 30, 2022, representing an increase of 12.0% since December 31, 2021.
Net income increased by $1.2 million to $1.9 million, or 164%, compared to the second quarter of 2021.
Total interest income increased by $1.6 million, or 23.5%, compared to the second quarter of 2021.
Total stockholders’ equity increased by $143.6 million, or 101.9%, to $284.6 million compared to $141.0 million at December 31, 2021.