(Benefit from) provision for credit losses
Granite Point Mortgage Trust (Benefit from) provision for credit losses decreased by 101.5% to -$216.00K in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 105.7%, from $3.77M to -$216.00K. Over 4 years (FY 2021 to FY 2025), (Benefit from) provision for credit losses shows an upward trend with a 8.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests deteriorating credit quality or a more conservative outlook on the loan portfolio, while a decrease suggests improved credit performance.
Detailed definition
The non-cash charge taken against earnings to account for the estimated risk of default or non-payment within the loan p...
Peer comparison
Critical metric for mortgage REITs; peers will report this based on CECL or similar accounting standards.
operating_accountsand_financing_receivable_credit_loss_e_301cfeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$193.00K | -$5.76M | -$4.96M | $3.69M | $13.63M | $35.44M | $16.51M | $46.41M | $5.82M | $31.01M | $21.57M | $75.55M | $60.76M | $27.91M | $37.19M | $3.77M | $10.98M | -$1.64M | $14.43M | -$216.00K |
| QoQ Change | — | <-999% | +14.0% | +174.4% | +269.5% | +160.1% | -53.4% | +181.1% | -87.5% | +433.0% | -30.4% | +250.2% | -19.6% | -54.1% | +33.3% | -89.9% | +191.4% | -115.0% | +978.1% | -101.5% |
| YoY Change | — | — | — | — | >999% | +715.3% | +433.2% | >999% | -57.3% | -12.5% | +30.7% | +62.8% | +944.3% | -10.0% | +72.4% | -95.0% | -81.9% | -105.9% | -61.2% | -105.7% |
(Benefit from) provision for credit losses at Other Companies
Frequently Asked Questions
- What is Granite Point Mortgage Trust's (benefit from) provision for credit losses?
- Granite Point Mortgage Trust (GPMT) reported (benefit from) provision for credit losses of -$216.00K in Q1 2026.
- How has Granite Point Mortgage Trust's (benefit from) provision for credit losses changed year-over-year?
- Granite Point Mortgage Trust's (benefit from) provision for credit losses decreased by 105.7% year-over-year, from $3.77M to -$216.00K.
- What is the long-term trend for Granite Point Mortgage Trust's (benefit from) provision for credit losses?
- Over 4 years (2021 to 2025), Granite Point Mortgage Trust's (benefit from) provision for credit losses has grown at a 8.3% compound annual growth rate (CAGR), from -$20.03M to $27.54M.
- What does (benefit from) provision for credit losses mean?
- The estimated cost of potential future loan defaults or credit losses.