MyState (ASX:MYS) Credit Losses Provision : A$1.9 Mil (As of Dec. 2023)

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What is MyState Credit Losses Provision?

MyState's credit losses provision for the six months ended in Dec. 2023 was A$0.9 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was A$1.9 Mil.

MyState's quarterly credit losses provision declined from Dec. 2022 (A$1.5 Mil) to Jun. 2023 (A$1.0 Mil) and declined from Jun. 2023 (A$1.0 Mil) to Dec. 2023 (A$0.9 Mil).

MyState's annual credit losses provision increased from Jun. 2021 (A$-1.0 Mil) to Jun. 2022 (A$-0.8 Mil) and increased from Jun. 2022 (A$-0.8 Mil) to Jun. 2023 (A$2.5 Mil).

MyState Credit Losses Provision Historical Data

The historical data trend for MyState's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MyState Credit Losses Provision Chart

MyState Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Credit Losses Provision

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-0.20

4.92

-1.00

-0.76

2.54

MyState Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															-1.13	0.37	1.54	1.01	0.93

MyState Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$1.9 Mil.

MyState (ASX:MYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MyState Ltd (ASX:MYS) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

137 Harrington Street, Level 2, Hobart, TAS, AUS, 7000

Website

https://www.mystatelimited.com.au

MyState Limited is a Tasmania-based financial company that provides banking, trustee, and funds management services. The company generates the vast majority of its profit from its banking business, which provides a range of financial services including home and personal loans, credit and debit cards, and other financial products. Home loans account for the vast majority of its loan book. The funds management segment provides trustee and funds management services through the subsidiary TPT Wealth.

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