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Broadway Financial Corporation Reports Second Quarter Net Earnings
LOS ANGELES--(BUSINESS WIRE)--July 31, 2006--Broadway Financial Corporation (the "Company") (NASDAQ:BYFC), parent company of Broadway Federal Bank, f.s.b. (the "Bank"), today reported second quarter net earnings of $344,000, or $0.19 per diluted share, up 8.52% when compared with net earnings of $317,000, or $0.19 per diluted share, in the second quarter of 2005.
Chief Executive Officer, Paul C. Hudson stated, "The primary reason for the increase in second quarter earnings was due to an improvement in net interest margin and growth in non-interest income." Hudson went on to note, "We continue to face competitive challenges with growing the loan portfolio and core deposits, but with the addition of F. Glenn Harvey, President/COO, we are beginning to supplement our core real estate secured loan production with commercial loans and our retail deposits with corporate and institutional deposits." Mr.
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Transcript of The Miami Herald's Roundtable on the Insurance Crisis
On July 17, The Miami Herald assembled this group of political, industry and community leaders to discuss and debate solutions for the insurance crisis in South Florida. The Roundtable was held at Herald offices, and the participants were:
• Heather Carruthers, member of FIRM. (Fair Insurance Rates for Monroe), owner of a resort guesthouse and chairwoman of the Board of the Lodging Association of the Florida Keys and Key West.
• Pablo M. Conde, president of A&A Underwriters, an insurance agency in West Miami-Dade.
• Thomas J. Dixon, president of Thomas J. Dixon, Inc., a commercial real estate brokerage and tax assessment appeals firm.
• Bruce Douglas, chairman of the board of governors, Citizens Property Insurance Corp., and chief executive of Douglas Capital Management, an independent investment advisory firm.
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