byfc: the income statement

MyFinsight

For the year ending 2024-12-31, BYFC made $127,329K in revenue. $2,661K in net income. Net profit margin of 2.09%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-12-31
Interest on deposits	13,183
Interest on borrowings	17,257
Total interest expense	30,440
Other interest income	6,368
Interest and fees on loans receivable	48,807
Interest on available-for-sale securities	7,034
Total interest income	62,209
Net interest income	31,769
Provision for credit losses	664
Net interest income after provision for credit losses	31,105
Grants	280
Service charges	155
Other	1,119
Total non-interest income	1,554
Professional services	3,449
Other	2,907
Occupancy expense	1,858
Compensation and benefits	17,562
Information services	2,763
Corporate insurance	234
Amortization of core deposit intangible	336
Supervisory costs	785
Total non-interest expense	29,894
Income before income taxes	2,765
Income tax expense	814
Net income	1,951
Less net income attributable to non-controlling interest	25
Net income attributable to broadway financial corporation	1,926
Less preferred stock dividends	1,567
Net income attributable to common stockholders	359
Unrealized gains on securities available-for-sale arising during the period	3,232
Income tax expense	930
Other comprehensive income, net of tax	2,302
Comprehensive income	2,661

Basic eps	0.04
Diluted eps	0.04
Basic average shares	8,459,460
Diluted average shares	8,638,660