Ford Credit Auto Owner Trust 2023-B
02/19/2026 | Press release | Distributed by Public on 02/19/2026 08:18
Asset-Backed Issuer Distribution Report (Form 10-D)
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | January 2026 | ||||
| Payment Date | 2/17/2026 | ||||
| Transaction Month | 32 | ||||
Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-258040 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.
I. ORIGINAL DEAL PARAMETERS
| Dollar Amount | # of Receivables | Weighted Avg Remaining Term at Cutoff | |||||||||||||||
| Initial Pool Balance | $ | 1,719,380,848.17 | 49,034 | 56.5 months | |||||||||||||
| Dollar Amount | Note Interest Rate | Final Scheduled Payment Date | |||||||||||||||
| Original Securities | |||||||||||||||||
| Class A-1 Notes | $ | 350,000,000.00 | 5.517 | % | July 15, 2024 | ||||||||||||
| Class A-2a Notes | $ | 350,000,000.00 | 5.57 | % | June 15, 2026 | ||||||||||||
| Class A-2b Notes | $ | 250,000,000.00 | 4.19735 | % | * | June 15, 2026 | |||||||||||
| Class A-3 Notes | $ | 479,000,000.00 | 5.23 | % | May 15, 2028 | ||||||||||||
| Class A-4 Notes | $ | 71,000,000.00 | 5.06 | % | February 15, 2029 | ||||||||||||
| Class B Notes | $ | 47,330,000.00 | 5.56 | % | March 15, 2029 | ||||||||||||
| Class C Notes | $ | 31,610,000.00 | 5.71 | % | December 15, 2030 | ||||||||||||
| Total | $ | 1,578,940,000.00 | |||||||||||||||
| * 30-day average SOFR + 0.49% | |||||||||||||||||
II. AVAILABLE FUNDS
| Interest: | |||||
| Interest Collections | $ | 2,137,418.85 | |||
| Principal: | |||||
| Principal Collections | $ | 16,607,407.65 | |||
| Prepayments in Full | $ | 6,680,059.96 | |||
| Liquidation Proceeds | $ | 236,288.34 | |||
| Recoveries | $ | 73,837.17 | |||
| Sub Total | $ | 23,597,593.12 | |||
| Collections | $ | 25,735,011.97 | |||
| Purchase Amounts: | |||||
| Purchase Amounts Related to Principal | $ | 188,588.23 | |||
| Purchase Amounts Related to Interest | $ | 1,109.22 | |||
| Sub Total | $ | 189,697.45 | |||
| Clean-up Call | $0.00 | ||||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Available Funds - Total | $ | 25,924,709.42 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | January 2026 | ||||
| Payment Date | 2/17/2026 | ||||
| Transaction Month | 32 | ||||
III. DISTRIBUTIONS
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||||||||||||
| Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,924,709.42 | |||||||||||||||||||
| Servicing Fee | $ | 383,938.26 | $ | 383,938.26 | $ | 0.00 | $ | 0.00 | $ | 25,540,771.16 | |||||||||||||||||||
| Interest - Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,540,771.16 | |||||||||||||||||||
| Interest - Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,540,771.16 | |||||||||||||||||||
| Interest - Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 25,540,771.16 | |||||||||||||||||||
| Interest - Class A-3 Notes | $ | 1,069,542.84 | $ | 1,069,542.84 | $ | 0.00 | $ | 0.00 | $ | 24,471,228.32 | |||||||||||||||||||
| Interest - Class A-4 Notes | $ | 299,383.33 | $ | 299,383.33 | $ | 0.00 | $ | 0.00 | $ | 24,171,844.99 | |||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,171,844.99 | |||||||||||||||||||
| Interest - Class B Notes | $ | 219,295.67 | $ | 219,295.67 | $ | 0.00 | $ | 0.00 | $ | 23,952,549.32 | |||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,952,549.32 | |||||||||||||||||||
| Interest - Class C Notes | $ | 150,410.92 | $ | 150,410.92 | $ | 0.00 | $ | 0.00 | $ | 23,802,138.40 | |||||||||||||||||||
| Reserve Account Deposit | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 23,802,138.40 | |||||||||||||||||||
| Regular Principal Payment | $ | 21,879,280.80 | $ | 21,879,280.80 | $ | 0.00 | $ | 0.00 | $ | 1,922,857.60 | |||||||||||||||||||
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,922,857.60 | |||||||||||||||||||
| Residual Released to Depositor | $ | 0.00 | $ | 1,922,857.60 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||
| Total | $ | 25,924,709.42 | |||||||||||||||||||||||||||
| Principal Payment: | |||||||||||||||||||||||||||||
| First Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Second Priority Principal Payment | $ | 0.00 | |||||||||||||||||||||||||||
| Regular Principal Payment | $ | 21,879,280.80 | |||||||||||||||||||||||||||
| Total | $ | 21,879,280.80 | |||||||||||||||||||||||||||
IV. NOTEHOLDER PAYMENTS
| Noteholder Principal Payments | Noteholder Interest Payments | Total Payment | |||||||||||||||||||||||||||||||||
| Per $1,000 of | Per $1,000 of | Per $1,000 of | |||||||||||||||||||||||||||||||||
| Actual | Original Balance | Actual | Original Balance | Actual | Original Balance | ||||||||||||||||||||||||||||||
| Class A-1 Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-2a Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-2b Notes | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| Class A-3 Notes | $ | 21,879,280.80 | $ | 45.68 | $ | 1,069,542.84 | $ | 2.23 | $ | 22,948,823.64 | $ | 47.91 | |||||||||||||||||||||||
| Class A-4 Notes | $ | 0.00 | $ | 0.00 | $ | 299,383.33 | $ | 4.22 | $ | 299,383.33 | $ | 4.22 | |||||||||||||||||||||||
| Class B Notes | $ | 0.00 | $ | 0.00 | $ | 219,295.67 | $ | 4.63 | $ | 219,295.67 | $ | 4.63 | |||||||||||||||||||||||
| Class C Notes | $ | 0.00 | $ | 0.00 | $ | 150,410.92 | $ | 4.76 | $ | 150,410.92 | $ | 4.76 | |||||||||||||||||||||||
| Total | $ | 21,879,280.80 | $ | 13.86 | $ | 1,738,632.76 | $ | 1.10 | $ | 23,617,913.56 | $ | 14.96 | |||||||||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | January 2026 | ||||
| Payment Date | 2/17/2026 | ||||
| Transaction Month | 32 | ||||
V. NOTE BALANCE AND POOL INFORMATION
| Beginning of Period | End of Period | ||||||||||||||||||||||
| Balance | Note Factor | Balance | Note Factor | ||||||||||||||||||||
| Class A-1 Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-2a Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-2b Notes | $ | 0.00 | 0.0000000 | $ | 0.00 | 0.0000000 | |||||||||||||||||
| Class A-3 Notes | $ | 245,401,798.25 | 0.5123211 | $ | 223,522,517.45 | 0.4666441 | |||||||||||||||||
| Class A-4 Notes | $ | 71,000,000.00 | 1.0000000 | $ | 71,000,000.00 | 1.0000000 | |||||||||||||||||
| Class B Notes | $ | 47,330,000.00 | 1.0000000 | $ | 47,330,000.00 | 1.0000000 | |||||||||||||||||
| Class C Notes | $ | 31,610,000.00 | 1.0000000 | $ | 31,610,000.00 | 1.0000000 | |||||||||||||||||
| Total | $ | 395,341,798.25 | 0.2503843 | $ | 373,462,517.45 | 0.2365274 | |||||||||||||||||
| Pool Information | |||||||||||
| Weighted Average APR | 5.568 | % | 5.618 | % | |||||||
| Weighted Average Remaining Term | 33.92 | 33.32 | |||||||||
| Number of Receivables Outstanding | 22,357 | 21,543 | |||||||||
| Pool Balance | $ | 460,725,908.39 | $ | 436,571,976.69 | |||||||
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 429,884,249.82 | $ | 407,642,660.04 | |||||||
| Pool Factor | 0.2679604 | 0.2539123 | |||||||||
VI. OVERCOLLATERALIZATION INFORMATION
| Specified Reserve Balance | $ | 3,947,366.14 | |||
| Yield Supplement Overcollateralization Amount | $ | 28,929,316.65 | |||
| Targeted Overcollateralization Amount | $ | 63,109,459.24 | |||
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 63,109,459.24 | |||
VII. RECONCILIATION OF RESERVE ACCOUNT
| Beginning Reserve Account Balance | $ | 3,947,366.14 | |||
| Reserve Account Deposits Made | $ | 0.00 | |||
| Reserve Account Draw Amount | $ | 0.00 | |||
| Ending Reserve Account Balance | $ | 3,947,366.14 | |||
| Change in Reserve Account Balance | $ | 0.00 | |||
| Specified Reserve Balance | $ | 3,947,366.14 | |||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | January 2026 | ||||
| Payment Date | 2/17/2026 | ||||
| Transaction Month | 32 | ||||
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| # of Receivables | Amount | ||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||
| Realized Loss (Charge-Offs) | 69 | $ | 441,587.52 | ||||||||||||||
| (Recoveries) | 98 | $ | 73,837.17 | ||||||||||||||
| Net Loss for Current Collection Period | $ | 367,750.35 | |||||||||||||||
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | 0.9578 | % | |||||||||||||||
| Prior and Current Collection Periods Average Loss: | |||||||||||||||||
| Ratio of Net Loss to the Average Pool Balance (annualized) | |||||||||||||||||
| Third Prior Collection Period | 0.9760 | % | |||||||||||||||
| Second Prior Collection Period | 0.3726 | % | |||||||||||||||
| Prior Collection Period | 1.3114 | % | |||||||||||||||
| Current Collection Period | 0.9836 | % | |||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0.9109 | % | |||||||||||||||
| Cumulative Loss: | |||||||||||||||||
| Cumulative Realized Loss (Charge-Offs) | 2,575 | $ | 16,436,617.24 | ||||||||||||||
| (Cumulative Recoveries) | $ | 2,683,593.00 | |||||||||||||||
| Cumulative Net Loss for All Collection Periods | $ | 13,753,024.24 | |||||||||||||||
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | 0.7999 | % | |||||||||||||||
| Average Realized Loss for Receivables that have experienced a Realized Loss | $ | 6,383.15 | |||||||||||||||
| Average Net Loss for Receivables that have experienced a Realized Loss | $ | 5,340.98 | |||||||||||||||
| % of EOP Pool Balance | # of Receivables | Amount | |||||||||||||||
| Delinquent Receivables: | |||||||||||||||||
| 31-60 Days Delinquent | 1.83 | % | 266 | $ | 8,003,683.44 | ||||||||||||
| 61-90 Days Delinquent | 0.39 | % | 52 | $ | 1,718,758.58 | ||||||||||||
| 91-120 Days Delinquent | 0.08 | % | 9 | $ | 343,063.15 | ||||||||||||
| Over 120 Days Delinquent | 0.20 | % | 27 | $ | 890,008.16 | ||||||||||||
| Total Delinquent Receivables | 2.51 | % | 354 | $ | 10,955,513.33 | ||||||||||||
| Repossession Inventory: | |||||||||||||||||
| Repossessed in the Current Collection Period | 14 | $ | 516,326.89 | ||||||||||||||
| Total Repossessed Inventory | 27 | $ | 1,038,234.87 | ||||||||||||||
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | |||||||||||||||||
| Second Prior Collection Period | 0.3532 | % | |||||||||||||||
| Prior Collection Period | 0.3623 | % | |||||||||||||||
| Current Collection Period | 0.4085 | % | |||||||||||||||
| Three Month Average | 0.3747 | % | |||||||||||||||
| Delinquency Trigger (61+ Delinquent Receivables) | |||||||||||||||||
| Transaction Month | Trigger | ||||||||||||||||
| 1-12 | 0.80% | ||||||||||||||||
| 13-24 | 1.50% | ||||||||||||||||
| 25-36 | 2.60% | ||||||||||||||||
| 37+ | 4.40% | ||||||||||||||||
| 61+ Delinquent Receivables Balance to EOP Pool Balance | 0.6761 | % | |||||||||||||||
| Delinquency Trigger Occurred | No | ||||||||||||||||
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Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| Collection Period | January 2026 | ||||
| Payment Date | 2/17/2026 | ||||
| Transaction Month | 32 | ||||
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount | ||||||||||||
| 1 Month Extended | 68 | $1,970,072.78 | ||||||||||||
| 2 Months Extended | 119 | $4,018,399.17 | ||||||||||||
| 3+ Months Extended | 33 | $987,503.88 | ||||||||||||
| Total Receivables Extended | 220 | $6,975,975.83 | ||||||||||||
IX. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
| No Activity to report | ||
| Most Recent Form ABS-15G for repurchase demand activity | ||
| Filed by: Ford Motor Credit Company LLC | ||
| CIK#: 0000038009 | ||
| Date: February 6, 2026 | ||
X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION
| Benchmark Transition Event: | N/A | ||||
| Benchmark Replacement Date: | N/A | ||||
| Unadjusted Benchmark Replacement: | N/A | ||||
| Benchmark Replacement Adjustment: | N/A | ||||
| Benchmark Replacement Conforming Changes: | N/A | ||||
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer
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Ford Credit Auto Owner Trust 2023-B published this content on February 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 19, 2026 at 14:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]