On Deck Capital (On Deck Capital) Credit Losses Provision : $218.8 Mil (As of Jun. 2020)

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What is On Deck Capital Credit Losses Provision?

On Deck Capital's credit losses provision for the three months ended in Jun. 2020 was $23.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2020 was $218.8 Mil.

On Deck Capital's quarterly credit losses provision increased from Dec. 2019 ($44.0 Mil) to Mar. 2020 ($107.9 Mil) but then declined from Mar. 2020 ($107.9 Mil) to Jun. 2020 ($23.7 Mil).

On Deck Capital's annual credit losses provision declined from Dec. 2017 ($152.9 Mil) to Dec. 2018 ($148.5 Mil) but then increased from Dec. 2018 ($148.5 Mil) to Dec. 2019 ($173.4 Mil).

On Deck Capital Credit Losses Provision Historical Data

The historical data trend for On Deck Capital'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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On Deck Capital Credit Losses Provision Chart

On Deck Capital Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Credit Losses Provision

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74.86

149.96

152.93

148.54

173.37

On Deck Capital Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Credit Losses Provision	Get a 7-Day Free Trial															42.95	43.10	44.03	107.91	23.72

On Deck Capital 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $218.8 Mil.

On Deck Capital (On Deck Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » On Deck Capital Inc (NYSE:ONDK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 Broadway, 25th Floor, New York, NY, USA, 10018

Website

https://www.ondeck.com

On Deck Capital Inc is a platform for online small business lending. The company transforms small business lending by making it efficient and convenient for small businesses to access capital. Its' platform touches every aspect of the customer lifecycle, including customer acquisition, sales, scoring and underwriting, funding, and servicing and collections. It generates revenue in the form of interest income.

Executives

Bruce P Nolop	director	C/O E*TRADE FINANCIAL CORPORATE SERVICES, 135 EAST 57TH STREET, NEW YORK NY 10022
Chandra Dhandapani	director	C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Jane J. Thompson	director	628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Mark Torossian	officer: Principal Accounting Officer	1400 BROADWAY, 25TH FLOOR, NEW YORK NY 10018
Kenneth A Brause	officer: Chief Financial Officer	C/O ON DECK CAPITAL INC 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Nicholas Peter Brown	officer: Chief Risk Officer	1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Kampfer Cory	officer: Chief Operations Officer & GC	C/O ON DECK CAPITAL INC. 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Ronald F Verni	director	C/O ON DECK CAPITAL INC. 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Daniel S Henson	director	C/O HEALTHCARE TRUST OF AMERICA, INC., 16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Rodriquez Manuel Sanchez	director	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Noah Breslow	director, officer: CEO & Chairman	C/O ON DECK CAPITAL INC 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Neil E Wolfson	director	C/O ON DECK CAPITAL INC., 1400 BROADWAY 25TH FLOOR, NEW YORK NY 10018
Stuart J. Ellman	10 percent owner	C/O RRE VENTURES, 130 EAST 59TH STREET, 17TH FLOOR, NEW YORK NY 10022
Rre Ventures Gp Iv, Llc	10 percent owner	130 EAST 59TH STREET, 17TH FLOOR, NEW YORK NY 10022
Rre Ventures Iv L P	10 percent owner	126 EAST 56TH ST NEW YORK NY 10022