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Infinity Bancorp (Infinity Bancorp) Credit Losses Provision : $1.76 Mil (As of Dec. 2023)


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What is Infinity Bancorp Credit Losses Provision?

Infinity Bancorp's credit losses provision for the six months ended in Dec. 2023 was $1.76 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1.76 Mil.

Infinity Bancorp's quarterly credit losses provision increased from Dec. 2021 ($0.69 Mil) to Dec. 2022 ($0.79 Mil) and increased from Dec. 2022 ($0.79 Mil) to Dec. 2023 ($1.76 Mil).

Infinity Bancorp's annual credit losses provision increased from Dec. 2021 ($0.69 Mil) to Dec. 2022 ($0.79 Mil) and increased from Dec. 2022 ($0.79 Mil) to Dec. 2023 ($1.76 Mil).

Infinity Bancorp Credit Losses Provision Historical Data

The historical data trend for Infinity 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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Infinity Bancorp Credit Losses Provision Chart

Infinity Bancorp Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial 0.75 0.66 0.69 0.79 1.76

Infinity Bancorp Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision Get a 7-Day Free Trial 0.75 0.66 0.69 0.79 1.76

Infinity 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1.76 Mil.

* 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.

Infinity Bancorp (Infinity Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Infinity Bancorp (OTCPK:INFT) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
6 Hutton Centre Drive, Suite 100, Santa Ana, CA, USA, 92707
Website
https://www.goinfinitybank.com
Infinity Bancorp operates as a community bank. It provides a full range of commercial banking products and solutions for retail and institutional customers. The company products and services include savings and checking accounts, credit cards, treasury management, payment processing, online banking, mobile banking, electronic statements, personal loans, commercial real estate loans and construction loans.