RJF · 10-Q · 2026Q2 · Full report

Credit Loss Provision Benefit

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 45 · Surprise 64

The Bank segment recorded a $26 million credit-loss benefit in the second quarter of 2026 versus a $15 million provision in the prior-year quarter. The quarterly benefit reflected net paydowns in the corporate loan portfolio and improved portfolio credit quality, while the prior-year provision reflected a weaker C&I outlook, loan downgrades, and specific reserves. For the nine months, the Bank recorded a $24 million benefit versus a $31 million provision in the prior-year period. The nine-month benefit reflected corporate-loan paydowns, improved credit quality, and an improved macroeconomic outlook.

Key facts

• Bank loan benefit for credit losses was $26 million for the quarter ended June 30, 2026 compared with a provision of $15 million for the prior-year quarter source
• Bank loan benefit for credit losses was $24 million for the nine months ended June 30, 2026 compared with a provision of $31 million for the prior-year nine months source