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Center Bancorp CNOB Allowance for Credit Losses on Financing Receivables - Individually Evaluated

Allowance for Credit Losses on Financing Receivables - Individually Evaluated at other companies

Valley National Bank logo
Valley National BankVLY
$78.47M+27.7%
International Bancshares logo
International BancsharesIBOC
$16.65M-10.6%
JPMorgan Chase logo
JPMorgan ChaseJPM
Banc of California logo
Banc of CaliforniaBANC

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:FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1.

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 on financing receivables - individually evaluated?
Center Bancorp (CNOB) reported allowance for credit losses on financing receivables - individually evaluated of $501K in Q1 2026.
How has Center Bancorp's allowance for credit losses on financing receivables - individually evaluated changed year-over-year?
Center Bancorp's allowance for credit losses on financing receivables - individually evaluated increased by 40.7% year-over-year, from $356K to $501K.
What is the long-term trend for Center Bancorp's allowance for credit losses on financing receivables - individually evaluated?
Over 4 years (2020 to 2025), Center Bancorp's allowance for credit losses on financing receivables - individually evaluated has grown at a -58.2% compound annual growth rate (CAGR), from $14.31M to $439K.
What does allowance for credit losses on financing receivables - individually evaluated mean?
The specific valuation allowance set aside for financing receivables that have been individually evaluated for impairment. It reflects management's estimate of credit losses for loans with unique risk characteristics, serving as a key indicator of asset quality and credit risk management.