U.S. Bank auto originations shrink in Q2
ACL ticks up to 2% in Q2 as credit metrics normalize
U.S. Bank’s auto originations declined in the second quarter as the bank focuses on high-margin lines of business while outstandings plummeted partly due to the bank securitizing during the quarter. Indirect loan and lease originations totaled $1.6 billion in Q2, declining 5.9% sequentially and 42.9% year over year, according to the bank’s earnings supplement. Auto […]
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