United Financial Bancorp (United Financial Bancorp) Credit Losses Provision : $9.2 Mil (As of Jun. 2019)

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What is United Financial Bancorp Credit Losses Provision?

United Financial Bancorp's credit losses provision for the three months ended in Jun. 2019 was $2.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2019 was $9.2 Mil.

United Financial Bancorp's quarterly credit losses provision declined from Dec. 2018 ($2.6 Mil) to Mar. 2019 ($2.0 Mil) but then increased from Mar. 2019 ($2.0 Mil) to Jun. 2019 ($2.5 Mil).

United Financial Bancorp's annual credit losses provision declined from Dec. 2016 ($13.4 Mil) to Dec. 2017 ($9.4 Mil) and declined from Dec. 2017 ($9.4 Mil) to Dec. 2018 ($8.9 Mil).

United Financial Bancorp Credit Losses Provision Historical Data

The historical data trend for United Financial Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Financial Bancorp Credit Losses Provision Chart

United Financial Bancorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Credit Losses Provision

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9.50

13.01

13.44

9.40

8.91

United Financial Bancorp Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Credit Losses Provision	Get a 7-Day Free Trial															2.01	2.62	2.04	2.47	2.04

United Financial Bancorp Credit Losses Provision Calculation

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.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.2 Mil.

United Financial Bancorp (United Financial Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Financial Bancorp Inc (NAS:RCKB) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

225 Asylum Street, Hartford, CT, USA, 06033

Website

https://www.bankatunited.com

United Financial Bancorp Inc, through its subsidiaries, provides traditional banking products and services to business organizations and individuals offering products such as residential and commercial real estate loans, and commercial business loans.