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Center Bancorp CNOB Loss On Bank Owned Life Insurance Policy Exchange

Loss On Bank Owned Life Insurance Policy Exchange at other companies

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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$1.68B+44.3%
Enterprise value$2.19B+46.6%
P/E17.1×+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 cnob:LossOnBankOwnedLifeInsurancePolicyExchange.

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 loss on bank owned life insurance policy exchange?
Center Bancorp (CNOB) reported loss on bank owned life insurance policy exchange of $0 in Q1 2026.
How has Center Bancorp's loss on bank owned life insurance policy exchange changed year-over-year?
Center Bancorp's loss on bank owned life insurance policy exchange decreased by 100.0% year-over-year, from $327K to $0.
What does loss on bank owned life insurance policy exchange mean?
This captures the realized loss resulting from the exchange or surrender of bank-owned life insurance (BOLI) policies. It reflects the difference between the cash surrender value and the carrying value of the policies at the time of the transaction. This is a non-operating item that impacts the bank's non-interest income.