Atlantic Coast Financial Corporation (ACFC) reported a second-quarter net loss of $3.0 million or $1.20 per share, wider than the net loss of $1.7 million or $0.69 per share in the comparable quarter last year.
Net interest income for the latest quarter rose to $5.1 million from $5.0 million last year. Net interest margin dropped to 2.76 percent from 2.86 percent last year.
Non-interest income for the quarter was $1.8 million, compared to $2.2 million last year.
Provision for loan losses increased to $3.7 million from $3.5 million in the year-ago 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.