Granite Point Mortgage Trust GPMT Increase (decrease) in allowance for credit losses
Increase (decrease) in allowance for credit losses at other companies
Other financials
Where this comes from
Reported directly by Granite Point Mortgage Trust in its filing.
Tagged under the XBRL concept gpmt:FinancingReceivableExcludingAccruedInterestAndOffBalanceSheetCreditLossLiabilityNetIncreaseDecreaseAllowanceForCreditLosses.
The source filing: Granite Point Mortgage Trust’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:17 PM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q4 2026
- Accession
- 0001703644-26-000034
During the three months ended June 30, 2026, the Company recorded a net increase of $17.3 million in its total allowance for credit losses primarily due to an increase of $40.2 million in specific reserves on collateral-dependent loans and an increase of $6.8 million in the general reserve, partially offset by $(29.7) million in write-offs, bringing the total allowance for credit losses to $165.8 million as of June 30, 2026. The increase in the allowance was primarily related to a provision for credit losses of $47.0 million as a result of one new collateral-dependent loan that was individually assessed for the first time, incremental specific reserves on other collateral-dependent loans and an unfavorable change in the general reserve due to worsening economic forecasts and changes in loan attributes during the three months ended June 30, 2026.
Item 1. [Financial Statements (unaudited)](#i562168c3652448888595321297446d5c_25) [1](#i562168c3652448888595321297446d5c_25)
FAQ
- What is Granite Point Mortgage Trust's increase (decrease) in allowance for credit losses?
- Granite Point Mortgage Trust (GPMT) reported increase (decrease) in allowance for credit losses of $17.3M in Q2 2026.
- How has Granite Point Mortgage Trust's increase (decrease) in allowance for credit losses changed year-over-year?
- Granite Point Mortgage Trust's increase (decrease) in allowance for credit losses increased by 168.9% year-over-year, from -$25.1M to $17.3M.
- What does increase (decrease) in allowance for credit losses mean?
- The net change in the total reserve set aside to cover potential future losses on the loan portfolio. This reflects the company's management of its credit risk exposure over the reporting period.
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