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Huntington Bank’s auto originations drop 32% YoY in Q3

Auto net charge-offs rose 15 bps YoY

Huntington Bank’s auto originations dipped in the third quarter while delinquencies rose as the bank prioritizes asset classes with wider margins. The Columbus, Ohio-based lender’s auto originations fell 32% year over year in Q3 to $1.7 billion, up 21.4% quarter over quarter, according to Huntington’s earnings presentation today. Huntington originated fewer auto loans in Q3 […]

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