PNC Financial’s auto portfolio jumps 18% YoY in Q1

The bank’s ongoing BBVA USA integration cost $16M in Q1

PNC Financial posted auto portfolio growth, net charge-off improvement and declines in auto delinquencies in the first quarter of 2022 as the bank continues the integration of BBVA USA to its platform. Auto outstandings in Q1 clocked in at $16 billion, up 18% year over year but down 4% sequentially, according to PNC’s earnings report. […]

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