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Center Bancorp CNOB Allowance for credit losses

Allowance for credit losses at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$25.93B+2.9%
Valley National Bank logo
Valley National BankVLY
$584.5M+1.1%
Customers Bancorp logo
Customers BancorpCUBI
$160.96M+14.1%
Enterprise Financial Services logo
Enterprise Financial ServicesEFSC
$142.06M-0.6%
International Bancshares logo
International BancsharesIBOC
$160.44M+1.1%
STB
S&T BancorpSTBA
$93.27M-5.8%

Other financials

Income statement

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Revenue$73.4M
Net income$37.8M+86.8%
EPS (diluted)$0.75

Balance sheet

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Cash & equivalents$344.5M+17.7%
Total debt$858.0M+36.7%
Total equity$1.6B+27.0%
Total assets$14.2B+45.6%

Cash flow

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Operating cash flow$15.3M+2.9%
CapEx$1.3M+389%
Free cash flow$14.0M-4.1%

Valuation

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Market cap$1.66B+44.3%
Enterprise value$2.18B+46.6%
P/E17×+2.0×
P/S5.8×

Profitability

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Net margin44.8%
FCF margin57.3%

Returns & leverage

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Return on equity6.9%+0.7pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Center Bancorp in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest.

The official record: Center Bancorp’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Center Bancorp's allowance for credit losses?
Center Bancorp (CNOB) reported allowance for credit losses of $153.06M in Q1 2026.
How has Center Bancorp's allowance for credit losses changed year-over-year?
Center Bancorp's allowance for credit losses increased by 85.7% year-over-year, from $82.4M to $153.06M.
What is the long-term trend for Center Bancorp's allowance for credit losses?
Over 5 years (2020 to 2025), Center Bancorp's allowance for credit losses has grown at a 60.9% compound annual growth rate (CAGR), from $14.31M to $154.31M.
What does allowance for credit losses mean?
Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.