The Delaware company, which is set to report July 24, cited an expected 83.1% increase in its loan-loss provision, to approximately $54 million from the previous quarter; an expected pretax charge of about $23 million for other-than-temporary impairments on pooled trust-preferred securities; and an assessment by the
The company did not specify an earnings target. Analysts surveyed by
Wilmington Trust said the increase in the provision for loan losses is primarily attributable to an expected 32.1% increase in nonperforming loans to approximately $332 million from the previous quarter, an expected 69.8% increase in net chargeoffs, to approximately $36 million, and downgrades in internal credit risk ratings.