NewtekOne (FRA:1N31) Credit Losses Provision : €13.3 Mil (As of Mar. 2024)

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What is NewtekOne Credit Losses Provision?

NewtekOne's credit losses provision for the three months ended in Mar. 2024 was €3.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €13.3 Mil.

NewtekOne's quarterly credit losses provision increased from Sep. 2023 (€3.2 Mil) to Dec. 2023 (€4.0 Mil) but then declined from Dec. 2023 (€4.0 Mil) to Mar. 2024 (€3.7 Mil).

NewtekOne's annual credit losses provision stayed the same from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€0.0 Mil) but then increased from Dec. 2022 (€0.0 Mil) to Dec. 2023 (€10.7 Mil).

NewtekOne Credit Losses Provision Historical Data

The historical data trend for NewtekOne'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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NewtekOne Credit Losses Provision Chart

NewtekOne Annual Data

Trend

Dec14

Dec15

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Dec19

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Dec23

Credit Losses Provision

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10.73

NewtekOne Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															1.23	2.38	3.23	4.00	3.69

NewtekOne 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €13.3 Mil.

NewtekOne (FRA:1N31) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NewtekOne Inc (FRA:1N31) » Definitions » Credit Losses Provision

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NEWT:USA

Address

4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431

Website

https://www.newtekone.com

NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions.

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