SP Bancorp (SPBC), the share holding company of SharePlus Federal Bank, Friday revised its fourth-quarter net income to $!68,000 from the net income of $300,000 previously announced on February 7.
According to the company, the downward revision was due to an updated appraisal received by it after February 7, which reduced the carrying value of one of its real estate properties.
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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.