Home Capital Group (TSX:HCG) Credit Losses Provision : C$17.6 Mil (As of Jun. 2023)

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What is Home Capital Group Credit Losses Provision?

Home Capital Group's credit losses provision for the three months ended in Jun. 2023 was C$2.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2023 was C$17.6 Mil.

Home Capital Group's quarterly credit losses provision declined from Dec. 2022 (C$10.4 Mil) to Mar. 2023 (C$0.7 Mil) but then increased from Mar. 2023 (C$0.7 Mil) to Jun. 2023 (C$2.1 Mil).

Home Capital Group's annual credit losses provision declined from Dec. 2020 (C$34.1 Mil) to Dec. 2021 (C$-33.7 Mil) but then increased from Dec. 2021 (C$-33.7 Mil) to Dec. 2022 (C$19.4 Mil).

Home Capital Group Credit Losses Provision Historical Data

The historical data trend for Home Capital Group'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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Home Capital Group Credit Losses Provision Chart

Home Capital Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Credit Losses Provision

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20.38

19.78

34.07

-33.66

19.40

Home Capital Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Credit Losses Provision	Get a 7-Day Free Trial															4.74	4.37	10.43	0.71	2.08

Home Capital 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$17.6 Mil.

Home Capital Group (TSX:HCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Home Capital Group Inc (TSX:HCG) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 King Street West, Suite 2300, Toronto, ON, CAN, M5H 1J8

Website

https://www.homecapital.com

Home Capital Group Inc is a specialty finance company that offers residential and commercial mortgage lending, securitization of insured mortgage products, consumer lending, and credit card services. The company also offers deposits via brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial. Home Capital's mortgage lending focuses on homeowners who typically do not meet all the lending criteria of traditional financial institutions.