Peoples Financial Services PFIS Provision (benefit) for other credit losses
Provision (benefit) for other credit losses at other companies
Other financials
Where this comes from
Reported directly by Peoples Financial Services in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForOtherCreditLosses.
The official record: Peoples Financial Services’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Peoples Financial Services's provision (benefit) for other credit losses?
- Peoples Financial Services (PFIS) reported provision (benefit) for other credit losses of $1.39M in Q1 2026.
- How has Peoples Financial Services's provision (benefit) for other credit losses changed year-over-year?
- Peoples Financial Services's provision (benefit) for other credit losses increased by 593.5% year-over-year, from $200K to $1.39M.
- What is the long-term trend for Peoples Financial Services's provision (benefit) for other credit losses?
- Over 3 years (2021 to 2025), Peoples Financial Services's provision (benefit) for other credit losses has grown at a -61.7% compound annual growth rate (CAGR), from $1.75M to $98K.
- What does provision (benefit) for other credit losses mean?
- An expense charged to earnings to maintain the allowance for credit losses at a level considered adequate to cover estimated losses in the loan portfolio. This reflects management's assessment of credit risk and the current economic environment. A higher provision indicates increased expected risk, while a lower provision suggests a stable or improving credit quality outlook.