After selling a foreclosed property for less than it expected, MBT Financial Corp. in Monroe, Mich., said it must revise the first-quarter loss that it reported last week.

The $1.5 billion-asset company said late Monday that it lost $1.37 million, or 8 cents a share. That is 68% more than its previously reported loss of $816,000, or 5 cents a share.

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