10-K - Nissan Auto Receivables 2022-B Owner Trust (0001941405) (Filer)

Fri, Jun 27, 8:00 PM (16 days ago)

**Summary of Nissan Auto Receivables 2022-B Owner Trust (NAR22B) 10-K** **Company:** Nissan Auto Receivables 2022-B Owner Trust (NAR22B), sponsored by Nissan Motor Acceptance Company LLC (NMAC), a subsidiary of Nissan Motor Company Ltd. **Financial Performance (Fiscal Year 2025):** - Revenue: Not explicitly stated, but the trust's performance is tied to the underlying auto receivables. - Net Income: Not explicitly stated, but the trust's income is derived from the collected receivables and fees. - Operating Expenses: Not explicitly stated, but likely include servicing and administrative fees. - Earnings per Share: Not applicable, as NAR22B is a pass-through entity. **Strategic Overview:** - NAR22B is an asset-backed securities (ABS) trust, issuing securities backed by a pool of auto receivables originated by NMAC. - The trust's success depends on the performance of the underlying auto receivables and NMAC's servicing capabilities. **Future Outlook:** - The outlook is tied to the performance of the auto receivables market and NMAC's ability to service the loans effectively. - Potential risks include changes in interest rates, economic downturns, and increased delinquencies. **Risk Factors:** - Credit risk: Defaults or delinquencies on the underlying auto receivables. - Prepayment risk: Early repayments may reduce the trust's income. - Market risk: Changes in interest rates and economic conditions. - Operational risk: NMAC's ability to service the loans effectively. **Financial Condition:** - The trust's financial condition is tied to the performance of the underlying auto receivables and NMAC's servicing capabilities. - The trust has no common equity outstanding held by non-affiliates. **Market Position:** - NAR22B is a non-accelerated filer, indicating a smaller market capitalization. - The trust is not a well-known seasoned issuer, indicating a smaller market presence. **Changes and Amendments:** - This 10-K does not indicate any significant changes or amendments to previous filings. - The trust has not filed any restatements or corrections to previously issued financial statements. **Ticker:** Not explicitly stated, but typically, such trusts do not have a publicly traded ticker.