Truist Bank and Fifth Third Bank reported that delinquencies fell year over year in the second quarter, though net charge-offs ticked up. Truist’s indirect auto net charge-offs were 1.73%, up 10 bps YoY and down 41 bps quarter over quarter, according to the bank’s earnings release today. Truist discontinued its origination of marine and RV loans and significantly reduced originations in prime and non-prime auto in the second quarter, Chief Financial Officer Mike Maguire […]
Already subscribed? Log in
