Mixed NCO rates, decreased credit loss provisions mark banks’ Q4 earnings

All 11 reporting publicly traded banks grew their auto books on a YoY basis

Fourth-quarter earnings results at the auto finance industry’s publicly traded banks are in, painting a picture of continued industry strength in the face of inventory headwinds. Decreased credit loss coverage ratios and mixed credit performance results marked Q4 earnings, with all 11 banks logging a decrease in allowance coverage rates even as delinquencies and net […]

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