RJF · 10-Q · 2026Q2 · Full report

Credit Losses and Charge-Offs

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 40 · Surprise 56

Net charge-offs on loans held for investment increased to $29 million for the nine months ended June 30, 2026, from $22 million in the prior-year period, a 32% increase. Nine-month charge-offs included $21 million from CRE loans and $9 million from C&I loans, compared with $7 million and $15 million, respectively, in the prior-year period. Total annualized net charge-offs rose to 0.07% of average outstanding loans from 0.06%, while three-month charge-offs increased to $15 million from $3 million. Management stated that economic deterioration, lower real estate values, or issues in concentrated sectors could increase provisions for credit losses and charge-offs.

Key facts

• Three months ended June 30 Total loans held for investment net loan (charge-off)/recovery amount: $(15) and annualized % of avg. outstanding loans: 0.11%. source
• Nine months ended June 30 C&I net loan (charge-off)/recovery amount: $(9) and annualized % of avg. outstanding loans: 0.11%. source
• Nine months ended June 30 CRE net loan (charge-off)/recovery amount: $(21) and annualized % of avg. outstanding loans: 0.36%. source
• Nine months ended June 30 Total loans held for investment net loan (charge-off)/recovery amount: $(29) and annualized % of avg. outstanding loans: 0.07%. source
• Three months ended June 30 C&I net loan (charge-off)/recovery amount for the comparative period: $(3) and annualized % of avg. outstanding loans: 0.12%. source
• Three months ended June 30 Total loans held for investment net loan (charge-off)/recovery amount for the comparative period: $(3) and annualized % of avg. outstanding loans: 0.02%. source
• Nine months ended June 30 Total loans held for investment net loan (charge-off)/recovery amount for the comparative period: $(22) and annualized % of avg. outstanding loans: 0.06%. source
• Three months ended June 30 C&I net loan (charge-off)/recovery amount: $(8) and annualized % of avg. outstanding loans: 0.32%. source