Broadway Financial Corporation Reports Third Quarter Net Earnings.

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Broadway Financial Corporation Reports Third Quarter Net Earnings.

LOS ANGELES -- Broadway Financial Corporation (the "Company") (NASDAQ:BYFC), parent company of wholly owned Broadway Federal Bank, f.s.b., today reported third quarter net earnings of $393,000, or $0.23 per diluted share, up 2.08% when compared with net earnings of $385,000, or $0.23 per diluted share, in the third quarter of 2004.

Year to date, the Company's net earnings amounted to $1.05 million, or $0.63 per diluted share. Compared to 2004, year to date net earnings decreased $237,000, or 18.39%.

Results:

--The net interest margin declined to 2.96% in the third quarter of 2005 from 3.66% in the third quarter of 2004, reflecting the flattening of the yield curve and the impact of a 200 basis point increase in the Fed Funds rate over the past twelve months;

--Net interest income before provision for loan losses of $2.24 mill...

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