US Bank logs auto loan growth amid positive recovery rate on NCOs
Recoveries on net charge-offs clocked in at 0.02% of the bank’s auto portfolio
U.S. Bank in the second quarter recorded a positive recovery rate on net charge-offs and growth in its auto portfolio as delinquencies continue to trend downward amid strong consumer liquidity and elevated used-vehicle prices. Auto outstandings rose to $22.1 billion, an 18.1% year-over-year increase and 7.5% sequential increase, according to the bank’s earnings presentation. Indirect […]
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