Earnings
Truist logs delinquency increases in third quarter
Truist Financial Corp.’s third quarter was marked by a decline in the number of consumers using payment assistance, an increase...
Ally Financial posts highest origination volume in 5 years
Ally Financial’s positive third-quarter results were marked by a surge in originations and strong credit performance as loan modifications expired....
Weekly Wrap: Q3 earnings kick off
This week, the Auto Finance News team discussed third-quarter earnings for some of the major publicly traded banks, and found...
US Bank shrinks credit reserve, grows digital
U.S. Bank’s third quarter reflected a decline in credit loss provisions, an increase in auto outstandings, tightening of credit standards,...
Auto drives PNC consumer loan charge-off drop
PNC Financial Services’ auto portfolio was the primary driver of the bank’s $12 million drop in consumer loan net charge-offs...
Wells Fargo Auto originations continue to slide
Wells Fargo Auto originations clocked in at $5.4 billion in the third quarter, a decline of 22% year over year...
Nicholas Financial to expand, focus on direct loans
Nicholas Financial is expanding with new branches and is looking to grow its direct loan portfolio despite the destabilizing effect...
HyreCar shifts focus to delivery amid pandemic
Carsharing marketplace HyreCar has capitalized on changing consumer habits amid the COVID-19 pandemic by prioritizing food and other delivery services,...
