Provision for Credit Losses
Snap-on Provision for Credit Losses decreased by 1.6% to $18.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.5%, from $18.20M to $18.30M. Over 4 years (FY 2021 to FY 2025), Provision for Credit Losses shows an upward trend with a 22.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests management expects higher default rates or a deteriorating credit environment, while a decrease suggests improved borrower quality.
Detailed definition
This represents the non-cash expense set aside by a financial institution to cover potential losses from loans or credit...
Peer comparison
Common in banking and credit card issuers; peers adjust this based on macroeconomic forecasts and portfolio seasoning.
provision_for_credit_losses_cfHistorical Data
| Q1 '21 | 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 | $11.30M | $6.60M | $5.80M | $8.40M | $6.30M | $9.10M | $9.50M | $12.80M | $14.20M | $13.70M | $12.80M | $16.50M | $18.20M | $17.20M | $15.20M | $20.50M | $18.20M | $18.30M | $17.80M | $18.60M | $18.30M |
| QoQ Change | — | -41.6% | -12.1% | +44.8% | -25.0% | +44.4% | +4.4% | +34.7% | +10.9% | -3.5% | -6.6% | +28.9% | +10.3% | -5.5% | -11.6% | +34.9% | -11.2% | +0.5% | -2.7% | +4.5% | -1.6% |
| YoY Change | — | — | — | — | -44.2% | +37.9% | +63.8% | +52.4% | +125.4% | +50.5% | +34.7% | +28.9% | +28.2% | +25.5% | +18.8% | +24.2% | +0.0% | +6.4% | +17.1% | -9.3% | +0.5% |
Provision for Credit Losses at Other Companies
Frequently Asked Questions
- What is Snap-on's provision for credit losses?
- Snap-on (SNA) reported provision for credit losses of $18.30M in Q1 2026.
- How has Snap-on's provision for credit losses changed year-over-year?
- Snap-on's provision for credit losses increased by 0.5% year-over-year, from $18.20M to $18.30M.
- What is the long-term trend for Snap-on's provision for credit losses?
- Over 4 years (2021 to 2025), Snap-on's provision for credit losses has grown at a 22.8% compound annual growth rate (CAGR), from $32.10M to $72.90M.
- What does provision for credit losses mean?
- The amount of money a lender sets aside to cover expected losses from unpaid debts.