Broadway Financial Corporation - Class A Common Stock (BYFC)
Frequently Asked Questions About Broadway Financial Corporation - Class A Common Stock (BYFC)
How can customers open an account with Broadway Financial?
Customers wishing to open an account with Broadway Financial Corporation can do so by visiting the bank's website or one of its branch locations. The account-opening process typically involves completing an application, providing identification and relevant documentation, and making an initial deposit.
How does Broadway Financial Corporation embrace technology?
Broadway Financial Corporation embraces technology to enhance customer service and operational efficiency. The bank invests in digital banking solutions, mobile applications, and online tools to improve customer access to account management and financial services.
How does Broadway Financial Corporation support the community?
Broadway Financial Corporation supports its community through various initiatives, including financial literacy programs, community development projects, and partnerships with local organizations. The bank is committed to reinvesting in the neighborhoods it serves and fostering economic growth.
How does Broadway Financial handle risk management?
Broadway Financial Corporation employs comprehensive risk management strategies to safeguard its assets and maintain operational integrity. The bank implements various protocols and practices for identifying, assessing, and mitigating financial risks, ensuring regulatory compliance and financial stability.
How has Broadway Financial Corporation performed financially?
Broadway Financial Corporation's financial performance can be assessed through various metrics including earnings, assets, and loan growth. The company typically reports on its financial health quarterly, allowing shareholders and potential investors to evaluate its profitability and stability.
Is Broadway Financial Corporation publicly traded?
Yes, Broadway Financial Corporation is publicly traded on the Nasdaq stock exchange under the ticker symbol BYFC. This allows investors to buy and sell shares in the company, providing it with access to capital for growth.
What are Broadway Financial Corporation's core values?
Broadway Financial Corporation's core values include community commitment, integrity, diversity, and customer service excellence. These values guide the company's operations and corporate culture, emphasizing a customer-first approach in all its endeavors.
What does Broadway Financial Corporation do?
Broadway Financial Corporation is a bank holding company that primarily focuses on providing banking and financial services to individuals and businesses in underserved communities. The company’s principal subsidiary, Broadway Federal Bank, has a strong emphasis on residential lending, commercial lending, and financial services that cater to diverse communities, which has been part of their mission to promote economic empowerment.
What is Broadway Federal Bank's role in affordable housing?
Broadway Federal Bank plays a pivotal role in providing access to affordable housing options through its lending programs targeted at low- to moderate-income families. The bank is committed to supporting home ownership and making housing more accessible within underserved communities.
What is Broadway Financial's strategy for market growth?
Broadway Financial Corporation's strategy for market growth includes expanding its lending services, focusing on customer experience, and enhancing its digital banking capabilities. The company aims to reach more customers, particularly in underserved areas, while maintaining its community-oriented focus.
What is Broadway Financial’s approach to diversity and inclusion?
Broadway Financial embraces diversity and inclusion as part of its core values. The company aims to cultivate an inclusive workplace and serve diverse communities, ensuring that its services are accessible to all, including historically underserved populations.
What is the future outlook for Broadway Financial Corporation?
The future outlook for Broadway Financial Corporation appears optimistic as it continues to adapt to changing market conditions and explores new opportunities for growth. By focusing on community engagement and financial innovation, the corporation aims to enhance its service offerings and market reach.
What is the historical significance of Broadway Financial Corporation?
Broadway Financial Corporation was established during the post-World War II era to provide affordable home financing to underserved communities. It has a historical mission focused on promoting the economic independence and empowerment of minority communities and has played a significant role in addressing housing disparities.
What philanthropic activities is Broadway Financial involved in?
Broadway Financial Corporation participates in various philanthropic activities, including providing sponsorships for local events, supporting educational programs, and engaging in charitable contributions to nonprofits that align with their community engagement vision.
What services does Broadway Federal Bank offer?
Broadway Federal Bank offers a wide range of services, including residential mortgage lending, commercial loans, savings and checking accounts, and various financial services. The bank specializes in catering to the financial needs of families and small businesses in its target communities.
What type of loans does Broadway Financial specialize in?
Broadway Financial specializes in a variety of loans, including residential mortgage loans and commercial real estate loans. The bank is particularly focused on supporting low- to moderate-income individuals and businesses, thus contributing to community development.
When was Broadway Financial Corporation founded?
Broadway Financial Corporation was founded in 1946, making it one of the oldest financial institutions serving its community. With more than seven decades of experience in the banking sector, the company has maintained a commitment to providing quality financial services while supporting local economic development.
Where is Broadway Financial Corporation headquartered?
Broadway Financial Corporation is headquartered in Los Angeles, California. Its location in a major metropolitan area allows the company to effectively serve a diverse clientele and engage actively with the community it serves.
Who are the key executives at Broadway Financial Corporation?
Broadway Financial Corporation's leadership team includes experienced professionals with diverse backgrounds in banking and finance. The company's management team is dedicated to maintaining the organization’s growth trajectory while upholding its commitment to community service.
What is the current price of Broadway Financial Corporation - Class A Common Stock?
The current price of Broadway Financial Corporation - Class A Common Stock is 5.800
When was Broadway Financial Corporation - Class A Common Stock last traded?
The last trade of Broadway Financial Corporation - Class A Common Stock was at 4:00 pm EDT on April 4th, 2025
What is the market capitalization of Broadway Financial Corporation - Class A Common Stock?
The market capitalization of Broadway Financial Corporation - Class A Common Stock is 416.01M
How many shares of Broadway Financial Corporation - Class A Common Stock are outstanding?
Broadway Financial Corporation - Class A Common Stock has 71.73M shares outstanding.