WEC Energy Group Provision for Credit Losses increased by 56.0% to $65.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.9%, from $32.60M to $65.50M. Over 4 years (FY 2021 to FY 2025), Provision for Credit Losses shows an upward trend with a 17.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase suggests deteriorating credit quality or portfolio growth, while a decrease may indicate improved borrower health or more conservative lending.
This is an expense set aside to cover expected future losses on loans and credit card receivables. It reflects managemen...
Standard for all lenders and credit card issuers.
provision_for_credit_losses| 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 | $15.60M | $15.90M | $22.10M | $23.30M | $18.80M | $15.80M | $28.20M | $21.00M | $11.10M | $14.80M | $25.10M | $25.90M | $23.70M | $23.80M | $31.50M | $32.60M | $35.40M | $32.80M | $42.00M | $65.50M |
| QoQ Change | — | +1.9% | +39.0% | +5.4% | -19.3% | -16.0% | +78.5% | -25.5% | -47.1% | +33.3% | +69.6% | +3.2% | -8.5% | +0.4% | +32.4% | +3.5% | +8.6% | -7.3% | +28.0% | +56.0% |
| YoY Change | — | — | — | — | +20.5% | -0.6% | +27.6% | -9.9% | -41.0% | -6.3% | -11.0% | +23.3% | +113.5% | +60.8% | +25.5% | +25.9% | +49.4% | +37.8% | +33.3% | +100.9% |
| Segment | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Utility operations | $14.80M | $25.90M | $23.70M | $23.80M | $32.60M | $35.40M | $32.80M | $65.50M |
| Total | $14.80M | $25.90M | $23.70M | $23.80M | $32.60M | $35.40M | $32.80M | $65.50M |