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Newcastle Investment Corp's credit losses provision for the three months ended in Sep. 2015 was $3.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2015 was $17.5 Mil.
Newcastle Investment Corp's quarterly credit losses provision increased from Mar. 2015 ($0.4 Mil) to Jun. 2015 ($13.7 Mil) but then declined from Jun. 2015 ($13.7 Mil) to Sep. 2015 ($3.5 Mil).
Newcastle Investment Corp's annual credit losses provision increased from Dec. 2012 ($-24.6 Mil) to Dec. 2013 ($-19.8 Mil) and increased from Dec. 2013 ($-19.8 Mil) to Dec. 2014 ($0.0 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
Newcastle Investment Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 0.405 (Mar. 2015 ) + 13.679 (Jun. 2015 ) + 3.46 (Sep. 2015 ) = $17.5 Mil.
Newcastle Investment Corp Annual Data
Newcastle Investment Corp Quarterly Data