Broadway Financial (BYFC) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Broadway Financial Corporation Announces Results for First Quarter 2024 During the first quarter of 2024, net interest income decreased by $750 thousand, or 9.1%, to $7.5 million, compared to the first quarter of 2023. The decrease resulted from higher interest expense, primarily due to an increase in the cost of borrowings and deposits. During the first quarter of 2024, non-interest expense increased $1.6 million, or 25.8%, compared to the first quarter of 2023 due to increases of $905 thousan ...