Heartland Group Holdings (STU:73X) Credit Losses Provision : €21.5 Mil (As of Dec. 2023)

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What is Heartland Group Holdings Credit Losses Provision?

Heartland Group Holdings's credit losses provision for the six months ended in Dec. 2023 was €14.3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was €21.5 Mil.

Heartland Group Holdings's quarterly credit losses provision increased from Dec. 2022 (€6.3 Mil) to Jun. 2023 (€7.2 Mil) and increased from Jun. 2023 (€7.2 Mil) to Dec. 2023 (€14.3 Mil).

Heartland Group Holdings's annual credit losses provision declined from Jun. 2021 (€8.8 Mil) to Jun. 2022 (€8.3 Mil) but then increased from Jun. 2022 (€8.3 Mil) to Jun. 2023 (€13.2 Mil).

Heartland Group Holdings Credit Losses Provision Historical Data

The historical data trend for Heartland Group Holdings'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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Heartland Group Holdings Credit Losses Provision Chart

Heartland Group Holdings Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Credit Losses Provision

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12.08

16.84

8.83

8.31

13.16

Heartland Group Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															5.12	3.18	6.33	7.18	14.34

Heartland Group Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was €21.5 Mil.

Heartland Group Holdings (STU:73X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heartland Group Holdings Ltd (STU:73X) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

HGH:New Zealand 73X:Germany HGH:Australia

Address

35 Teed Street, Level 3, Heartland House, Newmarket, Auckland, NZL, 1023

Website

https://www.heartland.co.nz

Heartland Group Holdings Ltd is engaged in the operation of the reverse mortgage. Geographically it operates in both New Zealand and Australia. It offers business loans, rural loans, home loans, car loans , personal lending services and others. Further, it is also involved in saving and deposits activity and also provides internet banking services.

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