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Form 8-K

sec.gov

8-K — BROADWAY FINANCIAL CORP \DE\

Accession: 0001140361-26-026086

Filed: 2026-06-23

Period: 2026-06-17

CIK: 0001001171

SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)

Item: Submission of Matters to a Vote of Security Holders

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ef20076658_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ef20076658_ex99-1.htm)

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8-K

8-K (Primary)

Filename: ef20076658_8k.htm · Sequence: 1

false0001001171NASDAQ00010011712026-06-172026-06-17

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): June 17, 2026

BROADWAY FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-39043

95-4547287

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

4601 Wilshire Boulevard, Suite 150, Los Angeles, CA

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

(see General Instruction A.2. below):

☐

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 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 5.07

Submission of Matters to a Vote of Security Holders

(a)

The Broadway Financial Corporation (the “Company”) Annual Meeting of Stockholders was held on June 17, 2026.  Proxies for

the meeting were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and there was no solicitation in opposition to the Company's Board of Directors

solicitations.

(b)

Stockholders voted on the matters set forth below:

1.

The nominees for election to the Company’s Board of Directors set forth in Item 1 to the Company’s Proxy Statement filed with the U.S. Securities and

Exchange Commission on April 30, 2026 were elected to serve until the Annual Meeting of Stockholders to be held in the year 2029 or until their respective successors are duly elected and qualified, based on the following vote:

Nominee

Votes For

Votes Withheld

Broker Non-Votes

Brian E. Argrett

2,599,102

84,212

1,010,675

Mary Ann Donovan

2,244,672

438,642

1,010,675

Mary M. Hentges

2,595,986

87,328

1,010,675

2.

The proposal to ratify on an advisory (non-binding) basis the appointment of Crowe LLP as the independent registered public accounting firm for the

Company for its fiscal year ending December 31, 2026 was approved based upon the following votes:

Votes for approval

3,551,552

Votes against

132,899

Abstentions

9,538

3.

The proposal to approve the Company’s executive compensation on an advisory (non-binding) basis was approved based upon the following votes:

Votes for approval

2,508,990

Votes against

164,287

Abstentions

10,037

Broker Non-Votes

1,010,675

4.

Our stockholders selected on an advisory (non-binding) basis the frequency of future advisory votes to approve the Company’s executive

compensation as set forth in the table below:

Votes for 1 Year

2,654,844

Votes for 2 Years

7,272

Votes for 3 Years

19,527

Abstentions

1,671

Broker Non-Votes

1,010,675

The Company has decided, consistent with the majority of the votes cast at the Annual Meeting of Stockholders, that future advisory

votes to approve the Company’s executive compensation be held annually.

Item 7.01

Regulation FD Disclosure

Attached as Exhibit 99.1 to this report is the presentation for the Company’s Annual Meeting of

Stockholders held on June 17, 2026, which is posted as a presentation in the “Investor Relations” page of its website, www.cityfirstbank.com.  The information contained in this Current Report on Form 8-K that is furnished as Exhibit 99.1 is incorporated herein solely for purposes of this Item 7.01 disclosure. Such

presentation shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Item 7.01, as well as Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as

amended, or the Exchange Act regardless of any general incorporation language in such filing.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

99.1

Presentation dated June 17, 2026

104

The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

SIGNATURES

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.

BROADWAY FINANCIAL CORPORATION

Date: June 23, 2026

By:

/s/ Zack Ibrahim

Zack Ibrahim

Executive Vice President and

Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ef20076658_ex99-1.htm · Sequence: 2

Exhibit 99.1

Annual Meeting of Stockholders  June 17, 2026

Forward-looking statements in this presentation speak only as of the date of

this presentation, 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.  2  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.

3  Agenda  About Broadway Financial Corporation  Corporate Overview &

Geographic Footprint  Executive Management Team  Value Proposition  Banking on Impact 2021-2025  2025 Financial Performance  Strategic Repositioning  2025 Key Financial Highlights  Key Balance Sheet & Margin Metrics (GAAP)  Loan &

Deposit Composition  Capital and Liquidity  Key Profitability & Capital Metrics  2026 Strategic & Financial Update  Our Customer Promise & Strategic Intent  Appendix: Non-GAAP Financial Measures

About Broadway Financial Corporation

5  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

December 31, 2025, BYFC had 98 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  full-service branch – Washington, D.C.  full-service branches – Los Angeles, CA  Total Assets  $1.3 billion (as of 12/31/25)  Total Gross Loans  $1.0 billion (as of 12/31/25)  Total Deposits  $0.9 billion (as of

12/31/25)  Community Bank Leverage Ratio (CBLR)  14.09% (as of 12/31/25)  Los Angeles, CA  Washington, D.C.  | Branch and Corporate Office Locations  Full-Service Branch  Corporate Office Only

6  Executive Management Team  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  Brian Wagner Chief Human Resource 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  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  LaShanya Washington  Chief Credit Officer  25+ Years of Experience  Previously held roles with United Bank and Capital One  Experience with

complex transactions such as NMTC, PACE, and  Charter Schools  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  Justin Jennings Chief Deposit Officer  20+ Years of Experience  Former Operations Officer at Columbia Bank  Previously held treasury and operations roles at JP Morgan Chase & Co

7  Our Customer Promise (Our Value Proposition)  A purposeful relationship,

consistent quality service, and responsive products to grow and strengthen our customers’ businesses, grounded in a shared commitment to community growth, resilience, and opportunity.  How we win:  Shared commitment/purpose to broadened

economic opportunity  Client focused solutions  Relationship-driven  Our Strategic Positioning (Our Business Strategy)  High impact, relationship-built, commercial finance solutions for small business owners, their employees, and the

communities they serve and impact through:  Commercial banking credit solutions  Commercial, business banking, and institutional deposits & treasury solutions  Consumer deposit products and services  City First is:  A Different Kind of

Bank. One that leads with purpose, operates with discipline, and delivers with heart.  Vision  To support and strengthen underserved communities through the provision of high-quality banking and other financial services.  Mission   We put our

customers and Communities FIRST  We think BIG  We model EXCELLENCE  We are ONE City First Team  Values Based Banking  Value Proposition

8  Banking on Impact 2021-2025  We are intensely focused on the economic

empowerment of our customers and communities. We aim for at least 70% of our lending to align with our mission and at least 60% to serve low-income communities. During the period covered by this report (2021-2025), we surpassed these goals.

2025  Financial Performance

10  Strategic Repositioning | Business Line Pivot  Identified structural

challenges in 2024: Legacy wholesale multifamily lending became unprofitable due to rising interest rate environment, liquidity constraints, and competitive pressures; drove elevated Commercial Real Estate (CRE) concentration without funding

alignment  Executed mid-year repositioning: Deliberately scaled back high-volume, credit-strong business line that historically powered asset growth to safeguard long-term risk posture  2025 near-term impact: Moderated loan growth and

earnings as anticipated  Strategic benefits realized: Reduced CRE exposure, balanced relationship-driven portfolio, improved liquidity/concentration, and stronger regulatory standing  2026 positioning: Establishes resilience for sustainable

growth, enhanced profitability, and superior franchise value

11  Key Balance Sheet & Margin Metrics (GAAP)  1 Gross Loans excludes

allowance for credit losses, but includes net credit and interest marks on purchases loans  2 Cost of Funds includes all interest-bearing liabilities  3 Thousands (M); Millions (MM)  64  61  FY 2024  FY 2025  | Interest Income

($MM)  1,008  1,026  Dec-24  Dec-25  | Gross Loans1 ($MM) | Deposits ($MM)  745  918  Dec-24  Dec-25  135%  112%  Dec-24  Dec-25  | Loan to Deposit Ratio  13  20  19  8  28  FY 2024  FY 2025  Deposit Int Exp  Borrowings Int Exp  | Interest

Expense ($MM)  32  2.34%  2.64%  FY 2024  FY 2025  | Net Interest Margin  Cost of Funds2  FY 2024  FY 2025  3.23%  3.07%

12  Non-Interest Bearing 14%  Interest Checking / Savings 15%  Money Market

12%  ICS 30%  CDs & CDARS 29%  | Gross Loans Dec-25: $1,026MM  Non-Owner Occupied CRE  73%  Commercial 8%  Owner Occupied CRE  10%  Purchased 7%  Other 2%  Non-Owner Occupied CRE  78%  Commercial 7%  Owner Occupied CRE  11%  | Gross Loans

Dec-24: $1,008MM  Other  4%  | Total Deposits Dec-24: $745MM  | Total Deposits Dec-25: $918MM  1.7%  23.1%  Non-Interest Bearing 11%  Interest Checking / Savings 11%  Money Market 20%  ICS 25%  CDs & CDARS 25%  Brokered Deposits 8%  1

Gross Loans excludes allowance for credit losses, but includes net credit and interest marks on purchases loans  2 Non-owner occupied CRE includes construction, residential 1-4 units, and residential 5+ units loans in addition to traditional

non-owner occupied CRE loans  Loans & Deposits Composition

BYFC has access to sufficient liquidity from cash, unpledged securities, and

available FHLB advance capacity  The Bank remains committed to maintaining strong capital and liquidity positions  13  $150  $150  ($15)  $122  $13  $128  14.09%  | Total Capital ($MM) | Highlights  13.61%  Dec-24  Dec-25  Preferred

Stock  Retained Earnings (Accumulated Deficit) CBLR  APIC and Other 1  $285 $263  | Total Liquidity ($MM)  BYFC remains well capitalized as evidenced by a Community Bank Leverage Ratio (CBLR) of 14.09%, well above the regulatory minimum of

9.00%  The $150MM of preferred stock with 2.00% perpetual dividend rate received from the ECIP program represents ~57% of total capital  The accumulated deficit in 2025 was the result of the $25.9MM goodwill impairment expense recognized in

Q3 2025  In Q1 2025, BYFC entered into an ECIP securities purchase option agreement with the US Department of the Treasury, allowing for the heavily discounted repurchase of the ECIP securities beginning as early as Q2

2028  Liquidity  Dec-25  Cash & Equivalents  11  Unpledged Securities at Market Value 2  161  Lines of Credit  10  FHLB Availability  243  Total Liquidity  425  Capital and Liquidity  Abundant capital and liquidity capacity enhances

flexibility  1 Other equity includes common stock, unearned ESOP shares, accumulated other comprehensive loss (net of tax), and treasury stock at loss. In total, other equity was ($20.7MM) as of 12/31/24 and ($15.2MM) as of 12/31/25  2

Unpledged Investment Securities comprise securities that are eligible as collateral for secured transactions through market channels or are eligible to be pledged to the Federal Home Loan Bank

14  Key Profitability & Capital Metrics  0.14%  0.08%  FY 2024  FY 2025  |

Adj. Net Income ($MM)1 | Adj. ROAA1  0.83%  0.99%  FY 2024  FY 2025  | ACL as a % of Adj. Gross Loans2  2.0  1.1  FY 2024 FY 2025  GAAP Net Income  FY 2024  FY 2025  2.0  (24.8)  89.7%  89.8%  FY 2024  FY

2025  0.1%  13.61%  14.09%  Dec-24  Dec-25  0.03%  1.09%  Dec-24  Dec-25  1 2025 Non-Interest Expense is adjusted to exclude goodwill impairment of $25.9MM in Q3 2025. Refer to the reconciliation of non-GAAP measures in the appendix of the

presentation  2 Gross loans are adjusted for purchased government guaranteed loans (GGLs) attracting no loan loss reserves. Refer to the reconciliation of non-GAAP measures in the appendix of the presentation  | Adj. Efficiency Ratio1  |

CBLR  | Non-Accrual as a % of Gross Loans

2026 Strategic & Financial Update

16  Our strategic intent is to be recognized as a national market leader in

high-impact, mission-driven business banking solutions with focus on C&I, CRE, and Small Business Lending. We leverage our relationship managers, partners & digital solutions to expand access to credit & build community economic

vitality.  Our vision of serving the best interests of our people, communities, clients, and owners is the driving force to our sustainability.  We have 4 strategic areas of focus:  Attract, develop, and retain high performing, in-market,

mission aligned relationship managers  Build out differentiated deposit and treasury management solutions and channels  Streamline and digitize business processes to support scale, efficiencies, and customer experience  Have shared values and

principles at the root of every aspect of our growth and expansion  Long-term Strategic Intent (2026-2030 Plan Excerpt)

17  2026 Areas of Strategic Focus  Strategic Focus  Action  Grow low-cost

deposits to improve funding diversification and improve overall funding costs. Modernize our treasury management solutions to help retain customers and become competitive in the marketplace  Drive growth in fee income through areas such as

treasury solutions, swap fees, business and consumer credit cards through Elan, merchant services and higher debit card usage  Diversify our loan portfolio to help drive profitable and mission-based growth in C&I and owner-occupied

opportunities that provide higher loan yields compared to the current portfolio  Review all areas of the bank to identify and implement streamlined processes to reduce organization expenses and shift resources to high-priority

initiatives  Optimize resource allocations. Improve productivity by ensuring frontline capacity is directed towards prospecting and servicing high quality relationships  Drive Low-Cost Deposit Growth and Improve Treasury Solutions  Increase

Non-Interest Income  Loan Portfolio Diversification  Identify Efficiencies and Streamline Processes  Optimize Existing Resources

18  First Quarter 2026 Financial Highlights

(GAAP)  (2.7)  1.0  1.1  2025Q1  2025Q4  2026Q1  | Net Income ($MM) | Total Gross Loans ($MM)1  | Total Deposits ($MM)  1,073  777  918  2025Q1  2025Q4  2026Q1  1,026  1,002  1,069  2025Q1  2025Q4  2026Q1  | Net Interest

Margin  2.63%  2.62%  2.75%  2025Q1  2025Q4  2026Q1  | ROAA  (1.08%)  0.08%  0.12%  2025Q1  2025Q4  2026Q1  | CBLR  14.78%  14.09%  14.06%  2025Q1  2025Q4  2026Q1  1 Gross Loans excludes allowance for credit losses, but includes net credit

and interest marks on purchases loans

19  Our Customer Promise & Strategic Intent  To continue this story and see

how we proudly fulfill our promise with Impact  on behalf of all of our stakeholders, please take a look at our:  2021-2025 Impact Book  (click here)  Our strategic intent is to be recognized as a national market leader in high-impact,

mission-driven business banking solutions with focus on C&I, CRE, and Small Business Lending. Our customer promise is a purposeful relationship, consistent quality service, and responsive products to grow and strengthen our customers’

businesses -- all grounded in a shared commitment to community growth, resilience, and opportunity.  Thank You

Appendix: Non-GAAP  Financial Measures

21  Reconciliation of Non-GAAP Information  Financial Metrics ($M)  FY 2024  FY

2025  Non-Interest Expense  29,894  57,183  Less: One Time Expenses (Goodwill Impairment; Non-Tax Affected)  -  25,858  Adj. Non-Interest Expense  29,894  31,325  Net Income Attributable to Broadway Financial

Corporation  1,954  (24,808)  Add: One Time Expenses (Goodwill Impairment; Non-Tax Affected)  -  25,858  Adj. Net Income  1,954  1,050  Average Assets  1,410,327  1,302,879  ROAA  0.14%  (1.90%)  Adj. ROAA  0.14%  0.08%  Net Interest

Income  31,769  33,147  Non-Interest Income  1,554  1,752  Total Revenue  33,323  34,899  Efficiency Ratio  89.7%  163.9%  Adj. Efficiency Ratio  89.7%  89.8%  Gross Loans  1,008,320  1,025,964  Less: Government Guaranteed

Loans  -  75,321  Adj. Gross Loans  1,008,320  950,643  ACL  8,364  9,424  ACL / Adj. Gross Loans  0.83%  0.99%

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Document and Entity Information

Jun. 17, 2026

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Jun. 17, 2026

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BROADWAY FINANCIAL CORPORATION

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0001001171

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DE

Entity Tax Identification Number

95-4547287

Entity Address, Address Line One

4601 Wilshire Boulevard, Suite 150

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Los Angeles

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CA

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90010

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323

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634-1700

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NASDAQ

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