Earnings
Truist’s auto book grows 5.7% YoY
Truist’s auto book grew on a year-over-year basis in the fourth quarter, but the bank expects auto production to slow...
Fifth Third forecasts 16% dip in auto originations in 2023
A decline in auto loan production offset growth in Fifth Third’s consumer portfolio in the fourth quarter as the bank...
PNC Financial auto portfolio shrinks YoY for third straight quarter
PNC Financial’s auto portfolio in the fourth quarter decreased year over year for the third consecutive quarter in 2022 amid...
Listen: Weekly Wrap on Q4 earnings kick-off
Banks’ fourth-quarter earnings results painted a mixed picture of auto lending conditions as financiers prepare for a potential recession and...
Citizens projects $3B runoff on auto book in 2023
Citizens One Auto Finance plans to run off $3 billion on its auto portfolio in 2023 following a pullback in...
Chase Auto ACL flat as bankwide reserves build
Allowance for loan losses at Chase Auto held steady as delinquencies and net charge-offs continued their slow march toward normalization...
Wells Fargo Auto’s new-vehicle originations surpass used vehicles
Wells Fargo Auto recorded more new-vehicle loan and lease originations than those for used vehicles in the fourth quarter as...
Bank of America auto book grows despite pullback in consumer lending
Bank of America’s auto portfolio grew in the fourth quarter despite an intentional pullback in consumer lending in a larger...
