PNC Financial completes BBVA USA digital migration in Q3

The bank’s auto outstandings declined 15%

PNC eyes footprint expansion with BBVA acquisition

Photographer: Christopher Dilts/Bloomberg

PNC Financial’s auto portfolio shrank in the third quarter following a second-quarter spike brought on by the bank’s acquisition of BBVA USA which closed June 1. The bank’s Q3 auto outstandings inched down 1.63% sequentially to $17.3 billion, remaining 15.1% higher than Q3 2020, according to the bank’s report. The sequential decline follows Q2’s 29% […]

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