Premierwest Bancorp (PRWT) Tuesday reported a narrower loss for the second quarter, due mainly to lower non-interest expense, despite lower incomes.
The Medford, Oregon-based company's second-quarter net loss applicable to common shareholders was $1.97 million or $0.20 per share, compared to $2.67 million or $0.27 per share last year.
Net interest income for the quarter dropped 11 percent to $11.63 million from $13.13 million in the year-ago quarter. Total non-interest income decreased to $2.59 million from $2.69 million in the prior-year quarter.
Loan loss provisions for the quarter were $1.28 million. Provisions were absent last year.
Non-interest expense for the quarter decreased to $14.25 million from $17.87 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.