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CIT Group Credit Losses Provision

: $119 Mil (As of Sep. 2019)
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CIT Group's credit losses provision for the three months ended in Sep. 2019 was $27 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2019 was $119 Mil.

CIT Group's quarterly credit losses provision declined from Mar. 2019 ($33 Mil) to Jun. 2019 ($29 Mil) and declined from Jun. 2019 ($29 Mil) to Sep. 2019 ($27 Mil).

CIT Group's annual credit losses provision declined from Dec. 2016 ($195 Mil) to Dec. 2017 ($115 Mil) but then increased from Dec. 2017 ($115 Mil) to Dec. 2018 ($171 Mil).

CIT Group Credit Losses Provision Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

CIT Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Credit Losses Provision Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 158.60 194.70 114.60 171.00 110.80

CIT Group Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Credit Losses Provision Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.20 33.00 28.60 26.60 22.60

CIT Group 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 Sep. 2019 was 31.2 (Dec. 2018 ) + 33 (Mar. 2019 ) + 28.6 (Jun. 2019 ) + 26.6 (Sep. 2019 ) = $119 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CIT Group Credit Losses Provision Headlines

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