Beneficient BENF Provision for Credit Losses

Provision for Credit Losses at other companies

First Financial BanksharesFFIN

$2.29M-35.1%

UMB FinancialUMBF

$27M-68.6%

Citizens Financial Services, Inc.CZFS

$500K-20.0%

LCNBLCNB

$2.34M+1,087%

First Financial CorporationTHFF

$2.55M+30.8%

LPL Financial HoldingsLPLA

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Questions, answered.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.