Provident Community Bancshares Inc. (PCBS) reported a fourth-quarter net loss to common shareholders of $428 thousand or $0.24 per share, narrower than $10.4 million or $5.80 per share in the prior year quarter.
The company noted that the decrease in the loss in 2011 was primarily due to an increase in the gain on the sale of investments, a reduction in the provision for loan losses, a decrease in other real estate owned expense and the absence of a deferred tax asset charge in 2011.
Net interest income for the quarter rose to $2.07 million from $2.05 million in the year-ago quarter, while non-interest income decreased to $660 thousand from $695 thousand in the comparable quarter last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.