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Citizens Financial Auto Portfolio Update

In the fourth quarter, Citizens Financial continued to wind down its auto portfolio after exiting indirect lending the previous year. As of the end of the period, the outstanding balance for auto loans stood at $8.2 billion, marking a 9.9% decrease from the third quarter and a significant 33.3% drop from the fourth quarter of 2022, as reported in the bankÔÇÖs earnings supplement today.

Additionally, interest rates experienced a slight increase during the quarter, reaching []

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