Earnings
Capital One Expects $30 Million Increase in Charge-Offs
Via Flickr Capital One Financial Corp. is expecting a $30 million, “one-time increase” in losses, due to an accelerated policy...
Ally Financial Originates $8.9B Amid ‘Cautious’ Industry Tone, CFO Says
Ally Detroit Center (Via Ally Press Room) Despite a number of auto finance institutions reporting pullbacks in originations this week,...
Santander’s Auto Originations Decline 21% in First Quarter
Via Wikimedia Commons Santander Consumer USA originated $5.4 billion in auto loans and leases in the first quarter, down 21%...
Fifth Third Plans to Shrink Portfolio 30% by 2019
Via Wikimedia Commons Fifth Third Bank plans to reduce its auto portfolio to $7 billion by 2019 as it focuses...
Polaris Retail Finance Penetration Drops in 1Q
Polaris Industries Inc.‘s retail finance penetration rate declined to 31% in the first quarter, despite a higher credit approval rate,...
Incentives Spur HDFS Marketshare to 63% in 1Q
Harley-Davidson Financial Services ended the quarter with an overall industry marketshare of 63%, up 6% versus the same time a...
Citizens One Plans For Reduction in Auto Portfolio
Citizens Financial Group Inc. is reducing its auto portfolio to focus on profitability and move “in favor of more attractive student...
Sheffield Financial Originations Rise 9.9% in 1Q
Sheffield Financial’s loan originations grew 9.9% year over year in the first quarter, from the same time a year prior,...
