Firm Capital Mortgage Investment (TSX:FC) Credit Losses Provision : C$9.70 Mil (As of Dec. 2023)

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What is Firm Capital Mortgage Investment Credit Losses Provision?

Firm Capital Mortgage Investment's credit losses provision for the three months ended in Dec. 2023 was C$4.14 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was C$9.70 Mil.

Firm Capital Mortgage Investment's quarterly credit losses provision declined from Jun. 2023 (C$1.30 Mil) to Sep. 2023 (C$-0.20 Mil) but then increased from Sep. 2023 (C$-0.20 Mil) to Dec. 2023 (C$4.14 Mil).

Firm Capital Mortgage Investment's annual credit losses provision increased from Dec. 2021 (C$-1.15 Mil) to Dec. 2022 (C$2.96 Mil) and increased from Dec. 2022 (C$2.96 Mil) to Dec. 2023 (C$9.70 Mil).

Firm Capital Mortgage Investment Credit Losses Provision Historical Data

The historical data trend for Firm Capital Mortgage Investment'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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Firm Capital Mortgage Investment Credit Losses Provision Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.75

1.40

-1.15

2.96

9.70

Firm Capital Mortgage Investment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															3.64	4.47	1.30	-0.20	4.14

Firm Capital Mortgage Investment 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$9.70 Mil.

Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.