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Home » Fifth Third’s auto book props up consumer portfolio for fourth straight quarter

Fifth Third’s auto book props up consumer portfolio for fourth straight quarter

The bank’s indirect secured consumer loans increased 19% YoY

Amanda HarrisbyAmanda Harris
July 26, 2021
in Earnings
Reading Time: 2 mins read
0
Auto props up Fifth Third’s Q4 consumer portfolio

Photographer: Christopher Dilts/Bloomberg

Indirect auto loans again offset declines in Fifth Third Bank’s overall consumer portfolio in the first quarter. Following three quarters of sequential growth in 2020, the bank logged a 19% year-over-year increase in indirect secured consumer loans, which is primarily comprised of indirect auto loans, according to Fifth Third’s earnings supplement this week. Indirect secured […]

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