Earnings

Fifth Third purposely slowed auto lending in the fourth quarter driven by elevated interest rates.  The bank’s indirect secured consumer...

Huntington Auto Finance’s originations in the fourth quarter were flat on a year-over-year basis for the second consecutive quarter while...

Truist continued to move away from lower-margin business lines, contributing to a decline in its auto portfolio in the fourth...

U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels. ...

Citizens Financial continued to run off its auto portfolio in the fourth quarter following the bank’s exit from indirect lending...

PNC Financial cut automotive allowance for credit loss coverage for the second straight quarter even as it maintained a recessionary...

Fourth-quarter earnings season kicked off with several banks reporting mixed results in auto originations as some tightened credit and others...

Chase Auto’s originations grew year-over-year in the fourth quarter of 2023 as the bank snagged additional market share while prioritizing...