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Center Bancorp CNOB Loans held for sale

Loans held for sale at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$15.77B+19.3%
Valley National Bank logo
Valley National BankVLY
$13.69M-51.3%
CTB
Community Trust BancorpCTBI
$0-100%
Customers Bancorp logo
Customers BancorpCUBI
$58.61M+77.8%
Northwest Bancshares logo
Northwest BancsharesNWBI
$15.39M+17.5%
Enterprise Financial Services logo
Enterprise Financial ServicesEFSC
$1.15M+95.4%

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$1.78B+54.7%
Enterprise value$2.3B+67.1%
P/E18.2×-12.5×

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:LoansReceivableHeldForSaleAmount.

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
(in thousands, except for share data)March 31, 2026December 31, 2025
Cash and cash equivalents344,471380,895
Investment securities1,196,3841,250,938
Equity securities19,42219,287
Loans held-for-sale10,222391
Loans receivable11,735,59611,453,280
Less: Allowance for credit losses - loans153,056154,305
Net loans receivable11,582,54011,298,975
Investment in restricted stock, at cost51,46454,722

Document

FAQ

What is Center Bancorp's loans held for sale?
Center Bancorp (CNOB) reported loans held for sale of $10.22M in Q1 2026.
How has Center Bancorp's loans held for sale changed year-over-year?
Center Bancorp's loans held for sale increased by 4960.4% year-over-year, from $202K to $10.22M.
What is the long-term trend for Center Bancorp's loans held for sale?
Over 5 years (2020 to 2025), Center Bancorp's loans held for sale has grown at a -39.2% compound annual growth rate (CAGR), from $4.71M to $391K.
What does loans held for sale mean?
Originated mortgage loans intended for sale into the secondary market, carried at fair value or lower of cost/market.

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