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Where this comes from
Reported directly by Center Bancorp in its filing.
Tagged under the XBRL concept us-gaap:Depreciation.
The source filing: Center Bancorp’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 4:01 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001437749-26-014866
| (dollars in thousands) | Three Months Ended / March 31, 2026 | Three Months Ended / March 31, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $37,822 | $20,242 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of premises and equipment | 1,806 | 1,098 |
| Provision for credit losses | 5,200 | 3,500 |
| Amortization of intangibles | 2,845 | 279 |
| Net accretion of loans | (9,701) | (175) |
| Accretion on bank premises | - | (12) |
Document
FAQ
- What is Center Bancorp's D&A?
- Center Bancorp (CNOB) reported D&A of $1.81M in Q1 2026.
- How has Center Bancorp's D&A changed year-over-year?
- Center Bancorp's D&A increased by 64.5% year-over-year, from $1.1M to $1.81M.
- What is the long-term trend for Center Bancorp's D&A?
- Over 4 years (2021 to 2025), Center Bancorp's D&A has grown at a 12.8% compound annual growth rate (CAGR), from $3.76M to $6.09M.
- What does D&A mean?
- Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.
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