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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.