Form 8-K

8-K — BROADWAY FINANCIAL CORP \DE\

Accession: 0001140361-26-029886

Filed: 2026-07-28

Period: 2026-07-28

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 — ef20078897_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ef20078897_ex99-1.htm)

EX-99.2 — EXHIBIT 99.2 (ef20078897_ex99-2.htm)

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8-K

8-K (Primary)

Filename: ef20078897_8k.htm · Sequence: 1

false0001001171NASDAQ00010011712026-07-282026-07-28

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): July 28, 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 July 28, 2026, Broadway Financial Corporation (the “Company”) issued a press release announcing results for the quarter ended June 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 quarterly earnings, which also may be used in connection with potential meetings with investors and/or analysts.

The information set forth in this Current Report, including Exhibit 99.1 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 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 July 28, 2026, announcing results for the quarter ended June 30, 2026.

99.2

Presentation dated July 28, 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: July 28, 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: ef20078897_ex99-1.htm · Sequence: 2

Exhibit 99.1

News Release

FOR IMMEDIATE RELEASE

Broadway Financial Corporation Reports Second

Quarter 2026 Results Reflecting Strong Loan and Deposit Growth and

Enhanced Operating Performance

LOS ANGELES, CA – (BUSINESS WIRE) – July 28, 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 $218 thousand during the second quarter of 2026, compared to net income attributable to

common stockholders of $409 thousand for the first quarter of 2026, and net income attributable to common stockholders of $2 thousand for the second quarter of 2025. Diluted income per common share was $0.02 for the second quarter of 2026,

compared to $0.05 per diluted common share for the first quarter of 2026 and $0.00 for the second quarter of 2025.

The Company reported consolidated net income before preferred dividends1 of $968 thousand, or $0.11 per diluted common share, for the second quarter of 2026, compared to $1.2 million, or $0.13 per diluted common share, for the first quarter of 2026, and $752 thousand, or $0.09 per diluted common share, for the second quarter

of 2025.

For the first six months of 2026, the Company reported consolidated net income before preferred dividends of $2.1 million, or $0.24 per diluted common share, compared to consolidated net loss before preferred dividends of $1.9 million, or ($0.23) per diluted common share, for the first six months of 2025.

Net income attributable to common stockholders was $627 thousand during the first six months of 2026 after deducting preferred dividends of $1.5 million, compared to

net loss attributable to common stockholders of $3.4 million for the first six months of 2025 after deducting preferred dividends of $1.5 million. Diluted income per common share was $0.07 for the first six months of 2026, compared to ($0.39) per

diluted loss per common share for the first six months of 2025. Diluted income per common share for the first six months of 2026 reflects preferred dividends of $0.17 per diluted common share, compared to $0.18 per diluted common share for the

first six months of 2025.

Second Quarter Highlights

•

Net income before preferred dividends totaled $968 thousand, or $0.11 per diluted common share.

•

Pre-provision net revenue1 increased 82.2%, or $1.4 million, to $3.0 million from $1.6 million in the prior quarter.

•

Total loans increased $110.0 million, or 10.8%, during the first six months of 2026.

•

Total deposits increased $197.0 million, or 21.5%, during the first six months of 2026.

•

Credit quality remained stable with non-accrual loans to total loans at 0.98% and non-performing assets to total assets at 0.71%.

•

Capital levels remained strong, with a Community Bank Leverage Ratio of 13.20%.

Chief Executive Officer, Brian Argrett commented,

“Our second quarter results reflect continued progress in executing our growth strategy while maintaining a disciplined approach to credit, capital, and liquidity management. During the first six months of 2026, total loans increased $110.0

million, or 10.8%, and total deposits increased $197.0 million, or 21.5%, providing additional capacity to support our customers and communities. Operating performance continued to improve during the quarter, with pre-provision net revenue

increasing 82.2% to $3.0 million, reflecting the benefits of balance sheet growth and disciplined expense management.”

1 “Net income before preferred dividends”, “pre-provision net revenue”, and “efficiency ratio” 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.

“The diversification and growth of our funding base supported strong loan growth while maintaining a solid liquidity position. Credit quality remains a key area of

focus for management. During the quarter, we established a specific reserve on a non-accrual loan, which increased provision expense. This action reflects our disciplined approach to risk management, while overall portfolio performance remained

stable and our capital position continues to provide significant capacity to absorb potential losses.”

“I would like to thank our employees, customers, stockholders, and community partners for their continued trust and support as we work to create long-term value for

all stakeholders.”

Quarterly Results of Operations

•

Net Interest Income totaled $9.5 million, representing an increase of $437 thousand, or 4.8%, from net interest income of $9.1 million for the first quarter of 2026. The increase resulted from a $1.6 million increase in interest income, primarily due to a $1.1 million increase in interest income on loans receivable as a result of an increase in the average balance

of loans receivable and a $597 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 $1.2 million increase in interest expense due to a $1.0 million increase in interest expense on deposits, as a result of an increase in the average deposits balance, and a $162 thousand increase in interest expense on

borrowings due to an increase in the average borrowing balance.

The net interest margin decreased to 2.65% for the second quarter of 2026 from 2.75% for the first quarter of 2026, due to an

increase in the cost of funds, which increased to 3.02% for the second quarter of 2026 from 2.91% for the first quarter of 2026.

•

Provision for Credit Losses was $1.5 million for the three months ended June 30, 2026, compared to $200 thousand for the three months ended March 31,

2026. This increase was primarily due to the establishment of a specific reserve on a non-accrual loan, in addition to loan growth. Although a specific reserve was established during the quarter, broader portfolio metrics remained

relatively stable, with non-performing assets representing 0.71% of total assets and non-accrual loans at 0.98% of total loans.

The allowance for credit losses (“ACL”) increased to $10.8 million as of June 30, 2026, compared to $9.4 million as of December 31, 2025.

•

Non-interest Income was $950 thousand for the second

quarter of 2026, compared to $589 thousand for the first quarter of 2026, representing an increase of $361 thousand, or 61.3%. The increase was due to a $450 thousand

loan fee related to the New Market Tax Credit allocation earned in the second quarter of 2026.

•

Non-interest Expense was $7.5 million for the second

quarter of 2026, compared to $8.0 million for the first quarter of 2026, representing a decrease of $539 thousand, or 6.7%. The decrease was primarily due to a $633

thousand decrease in compensation and benefits expense and a $136 thousand decrease in information services expense, partially offset by a $213 thousand increase in loan expenses.

•

Income Tax Expense was $330 thousand for the second quarter of 2026 compared to $282 thousand for the first quarter of 2026. The increase in tax expense reflected an increase of $56 thousand in pre-tax income between the two

periods. The effective tax rate was 22.25% for the second quarter of 2026, compared to 19.76% for the first quarter of 2026.

Year-to-Date Results of Operations

•

Net Interest Income totaled $18.5 million for the first six months of 2026, representing an increase of $2.7 million, or 17.4%, from net interest income of $15.8 million for the first six months of 2025. The

increase resulted from a $4.8 million increase in interest income, primarily due to a $3.4 million increase in interest income on available-for-sale securities, due to an

increase in the average rate and balance of available-for-sale securities, and a $1.7 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 $1.8 million due to decreases in the average rate and balance of borrowings. These increases in net interest income were partially offset by a $3.9 million increase in interest expense on deposits due to an increase

in the average deposit rate and balance.

The net interest margin increased to 2.70% for the first six months of 2026 from 2.61% for the first six months of 2025, due to an

increase in the average rate earned on interest-earning assets, which increased to 4.95% for the first six months of 2026 from 4.82% for the first six months of 2025, and a decrease in the cost of funds, which decreased to 2.97% for the first six

months of 2026 from 3.07% for the first six months of 2025.

•

Provision for Credit Losses was $1.7 million for the first six months of 2026, compared to $1.5 million for the first six months of 2025.

•

Non-interest Income was $1.5 million for the first six

months of 2026, compared to $643 thousand for the first six months of 2025, representing an increase of $896 thousand, or 139.3%. The increase was primarily due to $494 thousand of additional earnings on bank owned life insurance and a $450 thousand loan fee related to the New Market Tax Credit allocation earned in the first six months of 2026.

•

Non-interest Expense was $15.5 million for the first six

months of 2026, compared to $17.7 million for the first six months of 2025, representing a decrease of $2.2 million, or 12.6%. The decrease was primarily due to a $1.9

million operational loss incurred in the first six months of 2025 as well as a $557 thousand decrease in compensation and benefits expense and a $331 thousand decrease in professional services expense. These decreases in non-interest

expenses were partially offset by an increase of $264 thousand in information services expenses and a $264 thousand increase in loan expenses.

•

Income Tax Expense/Benefit was income tax expense of $612 thousand for the first six months of 2026 compared to income tax benefit of $790 thousand for the first six months of 2025. The increase in tax expense reflected an increase of $5.6

million in pre-tax income between the two periods. The effective tax rate was 21.03% for the first six months of 2026, compared to 28.87% for the first six months of 2025.

Financial Condition Review

•

Total Assets increased by $218.1 million at June 30, 2026,

compared to December 31, 2025, reflecting increases in net loans of $110.0 million, securities available-for-sale of $70.2 million and cash and cash equivalents of $38.4 million. The increase in net loans was due to loan growth and loan

purchases 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

$110.0 million to $1.1 billion at June 30, 2026, compared to $1.0 billion at December 31, 2025. The increase was due to loan purchases and growth.

•

Deposits increased by $197.0 million, or 21.5%, to $1.1

billion at June 30, 2026, from $917.6 million at December 31, 2025. The increase in deposits was attributable to increases of $186.8 million in savings deposits, $50.2 million in certificates of deposit accounts, and $9.2 million in

Certificate of Deposit Registry Service (“CDARS”) deposits (CDARS deposits are similar to ICS deposits, but involve certificates of deposit, instead of money market accounts), partially offset by decreases of $42.9 million in liquid

deposits (demand, interest checking, and money market accounts) and $6.3 million in Insured Cash Sweep (“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 June 30, 2026, our uninsured

deposits, including deposits from City First Bank and other affiliates, represented 47% of our total deposits, compared to 41% as of 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 $22.0 million to $94.0 million at June 30, 2026, from $72.0 million at December 31, 2025, due to additional FHLB advances.

Asset Quality

•

Allowance for Credit Losses was 0.95% of total loans held

for investment at June 30, 2026, compared to 0.92% at December 31, 2025.

•

Nonperforming Assets remained at $11.2 million at June 30,

2026, unchanged from December 31, 2025.

Capital

•

Stockholders’ equity was $262.3 million, or 16.8% of the

Company’s total assets, at June 30, 2026, compared to $262.8 million, or 19.5% of the Company’s total assets, at December 31, 2025.

•

Book Value per Share was $12.11 at June 30, 2026, compared to $12.28 at December 31, 2025. Capital ratios remain strong with a Community Bank Leverage Ratio of 13.20% at June 30, 2026 compared to

14.09% 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)

June 30, 2026

December 31, 2025

(Unaudited)

Assets:

Cash and due from banks

2,135

1,676

Interest-bearing deposits in other banks

46,770

8,831

Cash and cash equivalents

48,905

10,507

Securities available-for-sale, at fair value (amortized cost of $337,681 and $265,371)

327,030

256,835

Loans receivable held for investment, net of allowance of $10,799 and $9,424

1,126,539

1,016,540

Accrued interest receivable

6,746

5,999

Federal Home Loan Bank (FHLB) stock

5,464

4,417

Federal Reserve Bank (FRB) stock

3,543

Office properties and equipment, net

8,782

8,732

Bank owned life insurance

24,179

23,663

Deferred tax assets, net

7,312

6,711

Core deposit intangible, net

1,308

1,460

Other assets

3,891

7,162

Total assets

1,563,699

1,345,569

Liabilities and equity

Liabilities:

Deposits

1,114,651

917,603

Securities sold under agreements to repurchase

81,928

80,773

Borrowings

94,000

72,000

Accrued expenses and other liabilities

10,639

12,236

Total liabilities

1,301,218

1,082,612

Equity:

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

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

150,000

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

and December 31, 2025; issued 6,502,886 shares at June 30, 2026 and 6,409,760 shares at December 31, 2025; outstanding 6,175,658 shares at June 30, 2026 and 6,082,532 shares at December 31, 2025

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

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

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

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

Additional paid-in capital

143,494

143,194

Accumulated deficit

(14,611

)

(15,238

)

Unearned Employee Stock Ownership Plan (ESOP) shares

(3,743

)

(3,869

)

Accumulated other comprehensive loss, net of tax

(7,606

)

(6,105

)

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

(5,326

)

(5,326

)

Total Broadway Financial Corporation and Subsidiary equity

262,304

262,751

Non-controlling interest

177

206

Total liabilities and equity

1,563,699

1,345,569

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

BROADWAY FINANCIAL CORPORATION

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

2026

March 31,

2026

June 30,

2025

June 30,

2026

June 30,

2025

Interest income:

Interest and fees on loans receivable

14,353

13,287

12,825

27,640

25,942

Interest on available-for-sale securities

3,210

2,613

1,171

5,823

2,379

Other interest income

240

309

401

549

877

Total interest income

17,803

16,209

14,397

34,012

29,198

Interest expense:

Interest on deposits

6,985

5,990

4,879

12,975

9,078

Interest on borrowings

1,328

1,166

1,763

2,494

4,320

Total interest expense

8,313

7,156

6,642

15,469

13,398

Net interest income

9,490

9,053

7,755

18,543

15,800

Provision for (recapture of) credit losses

1,481

200

(454

)

1,681

1,460

Net interest income after provision for (recapture of) credit losses

8,009

8,853

8,209

16,862

14,340

Non-interest income:

Service charges

Grants

107

105

130

Earnings on bank owned life insurance

261

255

516

Management fees

475

489

Other

147

169

161

316

320

Total non-interest income

950

589

355

1,539

643

Non-interest expense:

Compensation and benefits

4,253

4,886

4,412

9,139

9,696

Occupancy expense

458

508

485

966

1,025

Information services

804

940

774

1,744

1,480

Professional services

571

586

788

1,157

1,488

Advertising and promotional expense

124

180

107

Supervisory costs

179

185

156

364

349

Corporate insurance

111

133

Amortization of core deposit intangible

152

158

Operational loss

1,943

Other

1,023

655

701

1,678

1,340

Total non-interest expense

7,476

8,015

7,522

15,491

17,719

Income (loss) before income taxes

1,483

1,427

1,042

2,910

(2,736

)

Income tax expense (benefit)

330

282

296

612

(790

)

Net income (loss)

1,153

1,145

746

2,298

(1,946

)

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

185

(14

)

171

)

Net income (loss) attributable to Broadway Financial Corporation

968

1,159

752

2,127

(1,937

)

Less: Preferred stock dividends

750

1,500

Net income (loss) attributable to common stockholders

218

409

627

(3,437

)

Earnings (loss) per common share-basic

0.02

0.05

0.00

0.07

(0.39

)

Earnings (loss) per common share-diluted

0.02

0.05

0.00

0.07

(0.39

)

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

30-Jun-26

31-Mar-26

30-Jun-25

Assets

Interest-earning assets:

Interest-bearing deposits

13,380

120

3.60

22,560

201

3.61

24,132

266

4.42

Securities

312,186

3,210

4.12

265,415

2,613

3.99

182,351

1,171

2.58

Loans receivable (1)

1,101,866

14,353

5.22

1,039,076

13,287

5.19

989,861

12,825

5.20

FRB and FHLB stock (2)

7,530

120

6.39

6,642

108

6.59

7,473

135

7.25

Total interest-earning assets

1,434,962

17,803

4.98

1,333,693

16,209

4.93

1,203,817

14,397

4.80

Non-interest-earning assets

42,246

42,377

48,563

Total assets

1,477,208

1,376,070

1,252,380

Liabilities and Stockholders’ Equity

Interest-bearing liabilities:

Money market deposits

175,103

942

2.16

191,248

1,047

2.22

133,930

336

1.01

Savings deposits

244,794

2,213

3.63

102,463

631

2.50

46,762

0.52

Interest checking and other demand deposits

262,783

1,447

2.21

264,446

1,619

2.48

251,146

1,975

3.15

Certificate accounts

281,036

2,383

3.40

313,330

2,693

3.49

270,424

2,507

3.72

Total deposits

963,716

6,985

2.91

871,487

5,990

2.79

702,262

4,879

2.79

FHLB Borrowings

62,884

614

3.92

44,072

421

3.87

94,795

1,126

4.76

Other borrowings

77,553

714

3.69

82,359

745

3.67

69,721

637

3.66

Total borrowings

140,437

1,328

3.79

126,431

1,166

3.74

164,516

1,763

4.30

Total interest-bearing liabilities

1,104,153

8,313

3.02

997,918

7,156

2.91

866,778

6,642

3.07

Non-interest-bearing liabilities

109,709

113,688

101,461

Stockholders’ equity

263,346

264,464

284,141

Total liabilities and stockholders’ equity

1,477,208

1,376,070

1,252,380

Net interest rate spread (3)

9,490

1.96

9,053

2.02

7,755

1.72

Net interest rate margin (4)

2.65

2.75

2.58

Ratio of interest-earning assets to interest-bearing liabilities

129.96

133.65

138.88

(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 Six Months Ended

June 30, 2026

June 30, 2025

(Dollars in thousands) (Unaudited)

Average

Balance

Interest

Average

Yield

Average

Balance

Interest

Average

Yield

Assets

Interest-earning assets:

Interest-earning deposits

17,945

321

3.61

26,532

578

4.39

Securities

288,930

5,823

4.06

189,368

2,379

2.53

Loans receivable (1)

1,070,644

27,640

5.21

996,757

25,942

5.25

FRB and FHLB stock (2)

7,089

228

6.49

9,320

299

6.47

Total interest-earning assets

1,384,608

34,012

4.95

1,221,977

29,198

4.82

Non-interest-earning assets

42,310

49,364

Total assets

1,426,918

1,271,341

Liabilities and Equity

Interest-bearing liabilities:

Money market deposits

183,131

1,989

2.19

126,557

593

0.94

Savings deposits

174,022

2,844

3.30

47,732

129

0.54

Interest checking and other demand deposits

263,610

3,066

2.35

253,384

3,886

3.09

Certificate accounts

297,093

5,076

3.45

247,498

4,470

3.64

Total deposits

917,856

12,975

2.85

675,171

9,078

2.71

FHLB Borrowings

53,531

1,035

3.90

137,406

3,082

4.52

Other borrowings

79,942

1,459

3.68

68,453

1,238

3.65

Total borrowings

133,473

2,494

3.77

205,859

4,320

4.23

Total interest-bearing liabilities

1,051,329

15,469

2.97

881,030

13,398

3.07

Non-interest-bearing liabilities

111,687

105,028

Equity

263,902

285,283

Total liabilities and equity

1,426,918

1,271,341

Net interest rate spread (3)

18,543

1.99

15,800

1.75

Net interest rate margin (4)

2.70

2.61

Ratio of interest-earning assets to interest-bearing liabilities

131.70

138.70

(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 six months noted below.

BROADWAY FINANCIAL CORPORATION

Selected Financial Data and Ratios (Unaudited)

(Dollars in thousands, except per share data)

Three Months Ended

Six Months Ended

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

June 30,

2025

June 30,

2026

June 30,

2025

Balance Sheets at Period Ended:

Total gross loans

1,137,338

1,068,771

1,025,964

1,023,483

986,944

1,137,338

986,944

Allowance for credit losses

10,799

9,509

9,424

10,339

9,880

10,799

9,880

Investment securities

327,030

284,103

256,835

244,005

177,977

327,030

177,977

Total assets

1,563,699

1,426,065

1,345,569

1,335,565

1,247,517

1,563,699

1,247,517

Total deposits

1,114,651

1,073,056

917,603

849,205

798,922

1,114,651

798,922

Total shareholders’ equity

262,304

262,480

262,751

261,687

284,679

262,304

284,679

Profitability for Period Ended:

Interest income

17,803

16,209

16,293

15,791

14,397

34,012

29,198

Interest expense

8,313

7,156

7,563

7,174

6,642

15,469

13,398

Net interest income

9,490

9,053

8,730

8,617

7,755

18,543

15,800

Provision for (recapture of) credit losses

1,481

200

679

(454

)

1,681

1,460

Non-interest income

950

589

687

422

355

1,539

643

Non-interest expenses

7,476

8,015

7,946

31,518

7,522

15,491

17,719

Income (loss) before income taxes

1,483

1,427

1,424

(23,158

)

1,042

2,910

(2,736

)

Income tax expense (benefit)

330

282

392

736

296

612

(790

)

Net income (loss)

1,153

1,145

1,032

(23,894

)

746

2,298

(1,946

)

Less: Net income (loss) attributable to non-

controlling interest

185

(14

)

(11

)

171

)

Net income (loss) attributable to Broadway

Financial Corporation

968

1,159

1,025

(23,883

)

752

2,127

(1,937

)

Less: Preferred stock dividends

750

1,500

Net income (loss) attributable to common

stockholders

218

409

275

(24,633

)

627

(3,437

)

Financial Performance:

Return (loss) on average assets (annualized)

0.06

0.12

0.08

(7.48

0.00

0.09

(0.49

Return (loss) on average equity (annualized)

0.34

0.63

0.41

(34.12

0.00

0.48

(2.43

Net interest margin

2.65

2.75

2.62

2.72

2.58

2.70

2.61

Efficiency ratio1

71.61

83.13

84.38

348.69

92.75

77.14

107.76

Per Share Data:

Book value per share

12.11

12.10

12.28

12.17

14.65

12.11

14.65

Weighted average common shares (basic)

8,679,800

8,597,291

8,639,459

8,617,707

8,622,891

8,636,143

8,557,745

Weighted average common shares (diluted)

8,874,673

8,816,188

8,639,459

8,617,707

8,808,467

8,845,593

8,557,745

Common shares outstanding at end of period

9,273,624

9,298,949

9,180,498

9,180,760

9,195,909

9,273,624

9,195,909

Financial Measures:

Loans to assets

72.73

74.95

76.25

76.63

79.11

72.73

79.11

Loans to deposits

102.04

99.60

111.81

120.52

123.53

102.04

123.53

Allowance for credit losses to total loans

0.95

0.89

0.92

1.01

1.00

0.95

1.00

Allowance for credit losses to total non-

accrual loans

96.74

82.97

84.38

76.36

182.02

96.74

182.02

Non-accrual loans to total loans

0.98

1.07

1.09

1.32

0.55

0.98

0.55

Non-performing assets to total assets

0.71

0.80

0.83

1.01

0.44

0.71

0.44

Net charge-offs (recoveries) to average total

loans

0.03

0.11

0.03

Average Balance Sheets:

Total loans

1,101,866

1,039,076

1,050,757

993,090

989,861

1,070,644

996,757

Investment securities

312,186

265,415

246,662

206,224

182,351

288,930

189,368

Total assets

1,477,208

1,376,070

1,361,026

1,306,782

1,252,380

1,426,918

1,271,341

Total deposits

963,716

871,487

775,913

746,143

702,262

917,857

675,171

Total shareholders’ equity

263,346

264,464

263,266

286,458

284,141

263,902

285,283

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 diluted earnings per common share before dividends, pre-provision net revenue, efficiency ratio, and tangible book value. 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.

The following table sets forth a GAAP to Non-GAAP reconciliation of financial measures for the quarters and six 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

Six Months

Ended

June 30, 2026

March 31,

2026

June 30, 2026

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

Net income attributable to common shareholders

218

627

Add: Preferred stock dividends

750

1,500

Net income before preferred dividends

968

752

2,127

Weighted average common shares outstanding for diluted earnings per common share

8,874,673

8,808,467

8,845,593

Earnings per common share - diluted before preferred dividends

0.11

0.09

0.24

Pre-provision net revenue:

Net interest income

9,490

9,053

18,543

Non-interest income

950

589

1,539

Less: Non-interest expense

7,476

8,015

15,491

Pre-provision net revenue

2,964

1,627

4,591

Efficiency ratio:

Net interest income

9,490

9,053

18,543

Non-interest income

950

589

1,539

Operating revenue

10,440

9,642

20,082

Non-interest expense

7,476

8,015

15,491

Efficiency ratio

71.61

83.13

77.14

Common

Equity

Per Share

Capital

Outstanding

Amount

Tangible book value:

June 30, 2026

Common book value

112,304

9,273,624

12.11

Less:

Net unamortized core deposit intangible

1,308

Tangible book value

110,996

9,273,624

11.97

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

Diluted earnings per common share before preferred dividends represents 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 shareholders’ 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: ef20078897_ex99-2.htm · Sequence: 3

Exhibit 99.2

Second Quarter 2026 Earnings Presentation July 28, 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 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 loan 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 loan 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 June 30, 2026, BYFC

has 99 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 6/30/26) Total Gross Loans $1.1 billion (as of 6/30/26) Total Deposits $1.1 billion (as of 6/30/26) Earnings Per Share (Basic) $0.02

(for three months ended 6/30/26) Community Bank Leverage Ratio (CBLR) 13.20% (as of 6/30/26) 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

Q2 2026 Financial Summary 1 Strong Fundamental Performance: Q2 2026

Pre-Provision Net Revenue of $3.0MM up 404% YoY 2 Strong Balance Sheet Growth: Total assets increased $138MM (10%) QoQ, reflecting continued momentum in franchise growth 3 Disciplined Expense Management: Non-Interest Expense is down 7% QoQ

and flat YoY 4 Increased Fee Income: Non-Interest Income increased by $0.4MM (61%) QoQ driven by New Markets Tax Credit (NMTC) fee income 5 Credit Performance: Increased provision expense and a higher ACL ratio (1.09% of adjusted gross

loans) reflect proactive reserve management and disciplined risk management practices. Credit performance remained stable, supported by a strong capital base and ample loss-absorption capacity

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

Book Value Per Share 49% 60% 60% 60% 80% Price / TBV Per Share 62% 61% 61% 61% 81%

Key Financial Highlights ActualsQ2 '26 ActualsQ1 '26 ActualsQ2 '25 ▲ vsPr

Qtr ▲ vsPr Yr Balance Sheet ($MM) Gross Loan Balances $1,137 $1,069 $987 6% 15% Deposit Balances $1,115 $1,073 $799 4% 40% Investment Balance $327 $284 $178 15% 84% Total

Assets $1,564 $1,426 $1,248 10% 25% Income Statement ($MM) Net Income Attributable to Common Stockholders1 $0.2 $0.4 $0.0 (47%) N/A Net income attributable to Broadway Financial Corporation1 $1.0

$1.2 $0.8 (16%) 29% Net Interest Income $9.5 $9.1 $7.8 5% 22% Non-Interest Income $1.0 $0.6 $0.4 61% 168% Total Revenue2 $10.4 $9.6 $8.1 8% 29% Non-Interest Expense $7.5 $8.0 $7.5 (7%) (1%) Provision

Expense $1.5 $0.2 ($0.5) 641% 426% Pre-Provision Net Revenue2 $3.0 $1.6 $0.6 82% 404% Key Performance Metrics Net Interest Margin 2.65% 2.75% 2.58% (0.10%) 0.07% Loan

Yields 5.22% 5.19% 5.20% 0.04% 0.03% Cost of Interest-Bearing Funds 3.02% 2.91% 3.07% 0.11% (0.05%) Loan to Deposit Ratio 102.0% 99.6% 123.5% 2.4% (21.5%) Return on Average Assets

0.06% 0.12% 0.00% (0.06%) 0.06% Efficiency Ratio2 72% 83% 93% (12%) (21%) ACL % of Gross LHI 0.95% 0.89% 1.00% 0.06% (0.05%) ACL % of Gross LHI (excl GGLs)2 1.09% 1.00% 1.01% 0.09% 0.08% Key Financial Highlights 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-GAAP Measure. Please see the reconciliation of Non-GAAP information

in the appendix of the presentation 3 Thousands (M); Millions (MM)

Second Quarter 2026 GAAP Financial Highlights | Net Income attributable to

occurred in Q2 2026 with pre-tax impacts of ($0.5MM) and Q1 2026 with pre-tax impacts of ($0.3MM)

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

Deposits | Deposit Composition % | FHLB & Repos ($MM) | Highlights YoY total deposits have increased $316MM or 40% from $799MM in Q2 2025 to $1,115MM in Q2 2026 Loan to Deposit Ratio improved from 123.5% to 102.0% YoY As of Q2 2026,

FHLB borrowings were $94MM. 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 Q2 2026, deposits include $75MM in brokered CDs, $160MM in CDARS, and $222MM in

ICS 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 FHLB 60.0 107.5 72.0 0.0 94.0 Repos 63.8 76.1 80.8 81.2 81.9 Total 123.8 183.6 152.8 81.2 175.9 4% growth

6% growth | Loan Yields2 % Loan Portfolio | Loan Composition % | Total Gross

Loans ($MM) | Highlights QoQ total gross loans have increased by $68MM or 6% from $1,069MM in Q1 2026 to $1,137MM in Q2 2026 Loan growth was mainly derived from C&I and owner-occupied transactions Loan yields have increased from 5.20%

in Q2 2025 to 5.22% in Q2 2026 Loan portfolio composition is heavily weighted towards 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)

Type % of Portfolio Book Yield Book Value ($M)1 Market Value

($M) Unrealized Gain/Loss ($M) MBS (Fixed) 47% 3.87% 160,896 153,054 (7,841) CMO (Float) 24% 4.65% 79,750 79,822 72 Corporate Bonds 9% 6.17% 30,000 29,940 (60) CMO (Fixed) 8% 4.19% 25,446 24,700 (746) Agency

(Fixed) 6% 1.42% 18,875 18,121 (754) SBA (Fixed) 2% 1.68% 7,969 6,871 (1,097) Agency (Float) 2% 4.63% 5,551 5,562 12 Muni - Taxable 1% 1.44% 3,187 3,059 (128) CMBS (Float) 1% 4.19% 3,032 3,028 (4) Muni -

TE 0% 1.64% 1,562 1,460 (102) SBA (Float) 0% 5.08% 734 734 1 MBS (Float) 0% 5.02% 680 678 (2) Total 100% 4.08% 337,681 327,030 (10,651) Investment Securities | Investment Portfolio Composition | Investment

Portfolio Yield (Market Yield) | Highlights As of June 2026, the investment securities portfolio book value was $338MM. The portfolio is primarily concentrated in fixed MBS, floating CMOs, corporate bonds, fixed CMOs, and agency securities.

The Bank opportunistically made significant purchases in 2025 On a YoY basis, overall portfolio yield improved from 2.58% to 4.12% due to purchases of higher yielding securities The investment portfolio includes $30MM of high-quality bank

sub-debt with an average book yield of 6.17% as of Q2 2026 1 Securities book value excludes unrealized Available for Sale (AFS) gain / loss on sale

Asset Quality 1 Gross loans were adjusted for purchased government guaranteed

loans (GGLs) attracting no loan loss reserve. Non-GAAP Measure. Please see the reconciliation of Non-GAAP information in the appendix of the presentation. | NPAs ($MM) and NPAs/Assets (%) | Provision for Credit Losses ($MM) and _Provision

/ Gross Loans (Annualized %) | ACL / Adj. Gross Loans (%)1 | NCOs/Gross Loans (Annualized %) Stable NPA Trends were Offset by Higher Provision for Credit Losses and Increased Reserve Requirements

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. ($M) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 QoQ Change YoY Change Compensation & Benefits 4,412 4,340 4,802 4,886 4,253 (13%) (4%) Occupancy &

Equipment 485 505 507 508 458 (10%) (6%) Marketing and Promotion Expense 61 76 0 124 56 (55%) (8%) Professional Fees 788 624 896 586 571 (3%) (28%) Communications Expense 774 768 763 940 804 (14%) 4% Amortization

of Intangibles 79 78 79 76 76 0% (4%) Impairment of Goodwill 0 25,858 0 0 0 0% 0% Operational Loss (Recovery) 0 (1,603) (240) 0 0 N/A N/A Other Expense 923 872 1,139 895 1,258 41% 36% Total Non-Interest

Expense 7,522 31,518 7,946 8,015 7,476 (7%) (1%) | Adjusted Non-Interest Expense ($MM)1 | Adjusted Efficiency Ratio (%)1 Disciplined Expense Management and Revenue Growth Accelerated Operating Efficiency, Improving the Adjusted

Efficiency Ratio by 21% YoY

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

($MM) | Liquidity Sources ($MM) | Highlights Community Bank Leverage Ratio (CBLR) remains strong at 13.20% as of Q2 2026, reflecting the Bank's strong capital position and well-capitalized status, with a substantial buffer above the 9.00%

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 5 quarters Source As of 6/30/26 Cash and

Cash Equivalents 48.9 Market Value of Unpledged Securities 229.9 Available FHLB Advance Capacity 148.4 Available Fed Fund Lines of Credit 10.0 Total Estimated Sources of Liquidity 437.1

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 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 BALANCE SHEET ($000) Total Net Loans 977,064 1,013,144 1,016,540 1,059,262 1,126,539 Total

Securities 177,977 244,005 256,835 284,103 327,030 Total Assets 1,247,517 1,335,565 1,345,569 1,426,065 1,563,699 Total Deposits 798,922 849,205 917,603 1,073,056 1,114,651 INCOME STATEMENT

($000) Interest Income1 14,397 15,791 16,293 16,209 17,803 Interest Expense 6,642 7,174 7,563 7,156 8,313 Total Non-Interest Income 355 422 687 589 950 Non-Interest Expenses 7,522 31,518

7,946 8,015 7,476 Adjusted Non-Interest Expenses2&3 7,522 7,263 8,186 8,015 7,476 Provision for Credit Losses (454) 679 47 200 1,481 Pre-Provision Net Revenue3 588 (22,479) 1,471 1,627 2,964 Net

Income (loss) attributable to common stockholders1 2 (24,633) 275 409 218 Net Income (loss) attributable to Broadway Financial Corporation1 752 (23,883) 1,025 1,159 968 KEY FINANCIAL METRICS

(%) ROAA (annualized) 0.00 (7.48) 0.08 0.12 0.06 ROAE (annualized) 0.00 (34.12) 0.41 0.63 0.34 Net Interest Margin 2.58 2.72 2.62 2.75 2.65 Efficiency Ratio 92.75 348.69 84.38 83.13 71.61

Adjusted Efficiency Ratio3 92.75 80.35 86.93 83.13 71.61 Loans/ Deposits 123.53 120.52 111.81 99.60 102.04 Securities/ Assets 14.27 18.27 19.09 19.92 20.91 NPAs/ Assets 0.44 1.01 0.83 0.80 0.71 ACL/

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

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

Efficiency Ratio (%) 2026Q2 2026Q1 2025Q4 2025Q3 2025Q2 Non-Interest Expense 7,476 8,015 7,946 31,518 7,522 Add: Operational Recovery (Loss) - - 240 1,603 - Less: Goodwill Impairment - - - 25,858 - Adj.

Non-Interest Expense 7,476 8,015 8,186 7,263 7,522 Net Interest Income 9,490 9,053 8,730 8,617 7,755 Non-Interest Income 950 589 687 422 355 Total Revenue 10,440 9,642 9,417 9,039 8,110

Efficiency Ratio 71.6% 83.1% 84.4% 348.7% 92.7% Adj. Efficiency Ratio 71.6% 83.1% 86.9% 80.4% 92.7% ACL ($M) / Adj. Gross Loans ($M) 2026Q2 2026Q1 2025Q4 2025Q3 2025Q2 Gross Loans 1,137,338 1,068,771 1,025,964

1,023,483 986,944 Less: Government Guaranteed Loans 150,951 113,931 75,321 58,170 11,627 Adj. Gross Loans 986,387 954,840 950,643 965,313 975,317 ACL 10,799 9,509 9,424 10,339 9,880 ACL / Adj. Gross

Loans 1.09% 1.00% 0.99% 1.07% 1.01% Pre-Provision Net Revenue ($M) 2026Q2 2026Q1 2025Q4 2025Q3 2025Q2 Net Interest Income 9,490 9,053 8,730 8,617 7,755 Non-Interest Income 950 589 687 422 355 Less: Non-Interest

Expense 7,476 8,015 7,946 31,518 7,522 Pre-Provision Net Revenue 2,964 1,627 1,471 (22,479) 588

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