Truist Financial is selling $5.5 billion in auto loans and exiting the near-prime auto lending market to focus on more profitable areas. The sale includes nearly all assets of its auto finance affiliate, Regional Acceptance Corporation, and is expected to close by late 2026. This move aims to improve Truist's liquidity, reduce credit risk, and enhance shareholder value by reallocating capital toward commercial lending. Proceeds will be used to repay wholesale borrowings as part of a broader strategic shift away from less profitable loan segments like marine and recreational vehicle loans.
Truist Financial's sale of a $5.5 billion auto loan portfolio provides context for financial sector activity. For readers following Financials, here is Pluang's market snapshot as of Sep 15, 2026 20:31 WIB: out of 74 priced US Financials stocks, 24 rose and 47 fell. Notable prices include Lemonade Inc at USD 49.51 (-1.04%), Avalanche Treasury Corporation Class A Common Stock at USD 1.01 (-0.98%), and Bank of New York Mellon Corp at USD 156.24 (-0.90%).
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