PFF Bancorp Inc. in Rancho Cucamonga, Calif., said late Wednesday that it expects to record a loss of about $159 million for its fiscal fourth quarter, which ended March 31, in part because of an estimated $196 million provision for losses on residential construction loans.
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A year earlier it posted net income of $12.8 million.
PFF also said it expects to record an allowance of $44 million against its deferred tax asset. It plans to report fourth-quarter and full-year earnings this month.
