Tower (XPTY:TOWC) Allowance For Loans And Lease Losses : $-9.85 Mil (As of Dec. 2023)

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What is Tower Allowance For Loans And Lease Losses?

Tower's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-9.85 Mil.

Tower's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-8.55 Mil) to Sep. 2023 ($-8.84 Mil) and declined from Sep. 2023 ($-8.84 Mil) to Dec. 2023 ($-9.85 Mil).

Tower's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-9.63 Mil) to Dec. 2022 ($-12.28 Mil) but then increased from Dec. 2022 ($-12.28 Mil) to Dec. 2023 ($-9.85 Mil).

Tower Allowance For Loans And Lease Losses Historical Data

The historical data trend for Tower's Allowance For Loans And Lease Losses 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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Tower Allowance For Loans And Lease Losses Chart

Tower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-7.44

-9.03

-9.63

-12.28

-9.85

Tower Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-12.28	-12.78	-8.55	-8.84	-9.85

Tower Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Tower Allowance For Loans And Lease Losses Related Terms

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Tower (XPTY:TOWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tower Corp (XPTY:TOWC) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle 50 and Elvira Mendez, Tower Building Financial Center, Panama, PAN

Website

https://www.towerbank.com

Tower Corp together with its subsidiaries is involved in providing personal, corporate, and investment banking services. The company offers checking, savings, and investment accounts; certificates of deposit; commercial and residential mortgage loans; lines of credit for small and medium businesses; and safe deposit boxes among other services.

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