Here's a look at what credit quality looked like at some financial firms for the third quarter as the Covid-19 pandemic continues to weigh on consumers and businesses.
--Truist's provision for credit losses was $421 million, down from $844 million in 2Q.
--Nonperforming loans and leases as a percentage of them held for investment was 0.37%, up from 0.35% in 2Q.
--Net charge-offs as a percentage of average loans and leases on an annualized basis was 0.42%, up from 0.39% in 2Q.
--Home's provision for credit losses was $14 million, up from $11.4 million in 2Q.
--Nonperforming loans to total loans was 0.63%, up from 0.5% in 2Q.
--Net charge-offs to average total loans was 0.14%, up from 0.07% in 2Q.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires