Broadway Financial Corporation $(BYFC)$, the parent company of City First Bank, released revised results for the first quarter of 2025. Net interest income before provision for credit losses increased by $521,000, or 6.9%, to $8.0 million, compared to $7.5 million for the same period in 2024. The increase was attributed to lower interest expense on borrowings and higher interest and fees on loans receivable, partially offset by increased interest expense on deposits and decreased interest income from interest-earning deposits and available-for-sale securities. Non-interest expense rose by $2.4 million, or 30.6%, primarily due to a $1.9 million loss incurred from wire fraud, which the company noted could result in a gain if recovered. Compensation and benefits expenses also increased by $1.0 million, including $122,000 in severance expenses, which negatively impacted diluted loss per share by $0.01. The provision for credit losses increased by $429,000 to $689,000 due to a new non-accrual loan. The company recorded an income tax benefit of $692,000 for the first quarter of 2025, compared to $57,000 for the same period in 2024, reflecting a decrease of $2.3 million in pre-tax income between the two periods. Broadway Financial Corporation acknowledged that the first quarter results were impacted by both the wire fraud incident and investments in personnel aimed at enhancing operational capabilities, control environment, and efficiency to support the company's growth.