Broadway Financial swings to Q1 FY26 profit of $1.6 million; net interest margin widens 28 bps to 2.91%
PUBT · 04/28 20:42
Share
Listen to the news
- Broadway Financial swung to net income before preferred dividends of USD 1.6 million, or USD 0.09 per diluted share, in first-quarter 2026.
- Net interest income climbed 18.9% to USD 9.6 million.
- Net interest margin widened 0.28 percentage point to 2.91%.
- Loans held for investment increased 4.2%, or USD 42.7 million, while deposits rose USD 155.5 million, or 16.9%.
- Brian Argrett said results were driven mainly by a 9.5% increase in net interest income from prior quarter, with borrowings reduced to none at March 31, 2026 from USD 72 million at Dec. 31, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Broadway Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260427649711) on April 28, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending