Earnings
Capital One releases $79 million in auto allowance
Strong auto loan performance and rising used-vehicle values spurred Capital One to reduce its consumer banking allowance coverage ratios in...
Daimler raises earnings forecast on China auto sales rebound
Daimler AG improved its full-year profit forecast after earnings bounced back last quarter as it posted robust sales in China...
KeyBank exits indirect auto
KeyBank has discontinued indirect auto originations, although it will continue to service its $4.6 billion portfolio until it runs off...
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...
