Fifth Third’s auto book props up consumer portfolio for fourth straight quarter
The bank’s indirect secured consumer loans increased 19% YoY
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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