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Financial Institutions FISI Benefit Provision For Credit Losses
Benefit Provision For Credit Losses at other companies
Other financials
Where this comes from
Reported directly by Financial Institutions in its filing.
Tagged under the XBRL concept fisi:BenefitProvisionForCreditLosses.
The source filing: Financial Institutions’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 4:06 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001193125-26-203962
| (Dollars in thousands) | Three months ended March 31, 2026 | Three months ended March 31, 2025 |
|---|---|---|
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,802 | 1,910 |
| Net (accretion) amortization of (discounts) premiums on securities | (2,003) | (962) |
| Provision for credit losses | 2,239 | 2,928 |
| Share-based compensation | 903 | 506 |
| Deferred income tax expense | 1,628 | 483 |
| Proceeds from sale of loans held for sale | 10,946 | 6,888 |
| Originations of loans held for sale | (8,490) | (4,878) |
ITEM 1. Financial Statements
FAQ
- What is Financial Institutions's benefit provision for credit losses?
- Financial Institutions (FISI) reported benefit provision for credit losses of $2.24M in Q1 2026.
- How has Financial Institutions's benefit provision for credit losses changed year-over-year?
- Financial Institutions's benefit provision for credit losses decreased by 23.5% year-over-year, from $2.93M to $2.24M.
- What does benefit provision for credit losses mean?
- This reflects the non-cash adjustment to the allowance for credit losses, representing the estimated impact of changes in credit risk on the bank's loan portfolio. A benefit indicates a reduction in the required reserve, often due to improved credit quality or changes in economic forecasts. It is a critical indicator of the bank's asset quality and the accuracy of its historical loss provisioning.
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