Wells Fargo, U.S. Bank End 2015 Steady and Strong

Wells Fargo & Co. today reported auto originations of $7.6 billion, up 13% from the same time a year ago. As for outstandings, indirect auto receivables were $57.1 billion, up 2.5% year over year. Commercial auto outstandings were $10.3 billion in 4Q15, up 14.2%, year over year.

U.S. Bank also released yearend earnings today, and wrapped up 2015 with average auto loans at $16.6 billion, up 13.7% year over year. The continued growth in the auto business was driven by “high-quality originations” — with an average Fico of 771 — in the indirect channel, according to financial data released today.