Truist Bank auto credit portfolio inches up YoY as yields fall

Truist had a $26.4 billion auto portfolio at yearend 2021

Signage outside a Truist Financial Corp. bank branch in Lexington, Kentucky, U.S., on Sunday, Jan. 16, 2022. Truist Financial reported adjusted earnings per share for the fourth quarter that beat the average analyst estimate.

Photographer: Luke Sharrett/Bloomberg

Truist Bank’s indirect auto portfolio inched up at the close of 2021 as yields on indirect auto loans and indirect powersports loans declined. Indirect auto outstandings clocked in at $26.4 billion, a 1% increase year over year but a 1.9% sequential decline, according to the bank’s fourth-quarter earnings supplement. Truist posted YoY increases in its […]

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