Earnings
GM Financial originations drop 25% YoY in Q4
GM Financial is the third auto lender to post a year-over-year decline in origination volume in the fourth quarter, largely...
CAC reduces credit loss provisions as originations wane 23% YoY
Credit Acceptance Corp. pulled back its provisions for credit losses in Q4 on the heels of improved performance as origination...
Nicholas Financial direct originations jump 84% YoY in fiscal Q3
Nicholas Financial continues to see an upward trajectory in origination volume as the lender expands its physical footprint and human...
Mixed NCO rates, decreased credit loss provisions mark banks’ Q4 earnings
Fourth-quarter earnings results at the auto finance industry’s publicly traded banks are in, painting a picture of continued industry strength...
Capital One Auto releases $26M in provisions amid ‘strikingly strong’ performance
Capital One Auto Finance scaled back its allowance for credit losses in Q4 as consumer credit health remains resilient and...
Huntington Bank posts recoveries on NCOs for third straight quarter
Huntington Auto Finance posted recoveries on net charge-offs in the second, third and fourth quarters of 2021 as the bank...
Fifth Third maintains underwriting criteria amid elevated used-vehicle prices
Fifth Third intends to maintain its underwriting criteria amid elevated used-vehicle values as loan-to-value (LTV) ratios drop in its growing...
Ally Financial’s floorplan outstandings rise 46% from Q3
Ally Financial’s floorplan outstandings grew in the fourth quarter as the lender gained momentum in a rising rate environment. While...
