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Center Bancorp CNOB Provision for Credit Losses

Provision for Credit Losses at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$2.51B-24.1%
Enterprise Financial Services logo
Enterprise Financial ServicesEFSC
$7.24M+39.7%
International Bancshares logo
International BancsharesIBOC
$3.02M-9.2%
Origin Bancorp logo
Origin BancorpOBK
$4.97M+44.2%
First Financial Bankshares logo
First Financial BanksharesFFIN
$2.29M-35.1%
Northwest Bancshares logo
Northwest BancsharesNWBI
$4.37M-44.8%

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:ProvisionForLoanLeaseAndOtherLosses.

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 provision for credit losses?
Center Bancorp (CNOB) reported provision for credit losses of $5.2M in Q1 2026.
How has Center Bancorp's provision for credit losses changed year-over-year?
Center Bancorp's provision for credit losses increased by 48.6% year-over-year, from $3.5M to $5.2M.
What is the long-term trend for Center Bancorp's provision for credit losses?
Over 4 years (2021 to 2025), Center Bancorp's provision for credit losses has grown at a 71.0% compound annual growth rate (CAGR), from -$5.5M to $47M.
What does provision for credit losses mean?
Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.