US Bank originations fall 63% YoY
U.S. Bank’s auto originations declined again in the third quarter as the bank held tight to its underwriting criteria amid ...
Tag: Allowance for credit losses
Bank of America auto originations up 15% YoY
Bank of America’s auto lending activity picked up on a year-over-year basis in the third quarter as credit quality declined. ...
Chase Auto originations up 36% YoY as competitors pull back
Chase Auto’s originations increased year over year in the third quarter as the bank regained market share, even as challenging ...
Fifth Third scales back to reduce auto originations by 15%
Fifth Third’s pullback from indirect auto lending last quarter is expected to net a 15% decline in originations as the ...
U.S. Bank auto originations shrink in Q2
U.S. Bank’s auto originations declined in the second quarter as the bank focuses on high-margin lines of business while outstandings ...
CarMax Auto Finance tightens underwriting, increases provisions
CarMax Auto Finance adjusted its underwriting standards and increased its credit loss provisions last quarter amid “unfavorable performance” and an ...
Fifth Third forecasts 16% dip in auto originations in 2023
A decline in auto loan production offset growth in Fifth Third’s consumer portfolio in the fourth quarter as the bank ...
PNC Financial’s auto book shrinks for fourth consecutive quarter
PNC Financial Service’s auto book shrank for the fourth consecutive quarter, contributing to an overall decline in consumer loans during ...
