Strong credit quality aids in US Bank’s Q3 portfolio growth

The bank’s net charge-off ratio hit a record low of 0.2%

Photographer: Luke Sharrett/Bloomberg

U.S. Bank’s auto portfolio grew in the third quarter, complemented by low net charge-offs and delinquencies, which are expected to extend into the fourth quarter. “We continue to see relatively strong growth in auto lending, and I anticipate that will continue depending on supply chain impacts associated with chips,” U.S. Bank Chief Financial Officer Terry […]

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