Southwest Bancorp Inc. (OKSB) Wednesday reported a profit for the second quarter compared to a loss last year, due mainly to lower loan loss provisions.
The Stillwater, Oklahoma-based company's second-quarter net profit available to common shareholders was $3.01 million or $0.15 per share, compared to a net loss of $4.03 million or $0.21 per share last year. On average, three analysts polled by Thomson Reuters expected earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter dropped 21 percent to $19.75 million from $24.99 million in the year-ago quarter. Total non-interest income was flat at $3.60 million.
Loan loss provisions for the quarter decreased to $32 thousand from $20.14 million last year.
Non-interest expense for the quarter advanced to $16.77 million from $14.98 million in the prior-year quarter.
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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.