Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 33 | |
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 | | | 4.14819 | % | * | 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 | $ | 1,914,678.45 | |
| |
| Principal: | |
| Principal Collections | $ | 15,508,598.90 | |
| Prepayments in Full | $ | 7,745,506.15 | |
| Liquidation Proceeds | $ | 384,469.46 | |
| Recoveries | $ | 92,397.83 | |
| Sub Total | $ | 23,730,972.34 | |
| Collections | $ | 25,645,650.79 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 233,674.83 | |
| Purchase Amounts Related to Interest | $ | 1,197.18 | |
| Sub Total | $ | 234,872.01 | |
| |
| Clean-up Call | $0.00 |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 25,880,522.80 | |
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 33 | |
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 | | | $ | 25,880,522.80 | |
| Servicing Fee | $ | 363,809.98 | | | $ | 363,809.98 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,516,712.82 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,516,712.82 | |
| Interest - Class A-2a Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,516,712.82 | |
| Interest - Class A-2b Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 25,516,712.82 | |
| Interest - Class A-3 Notes | $ | 974,185.64 | | | $ | 974,185.64 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,542,527.18 | |
| Interest - Class A-4 Notes | $ | 299,383.33 | | | $ | 299,383.33 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,243,143.85 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,243,143.85 | |
| Interest - Class B Notes | $ | 219,295.67 | | | $ | 219,295.67 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,023,848.18 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 24,023,848.18 | |
| Interest - Class C Notes | $ | 150,410.92 | | | $ | 150,410.92 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 23,873,437.26 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 23,873,437.26 | |
| Regular Principal Payment | $ | 22,110,031.26 | | | $ | 22,110,031.26 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,763,406.00 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,763,406.00 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,763,406.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 25,880,522.80 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 22,110,031.26 | |
| Total | | | | | | | | | $ | 22,110,031.26 | |
| | | | | | | | | |
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 | $ | 22,110,031.26 | | | $ | 46.16 | | | $ | 974,185.64 | | | $ | 2.03 | | | $ | 23,084,216.90 | | | $ | 48.19 | |
| 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 | $ | 22,110,031.26 | | | $ | 14.00 | | | $ | 1,643,275.56 | | | $ | 1.04 | | | $ | 23,753,306.82 | | | $ | 15.04 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 33 | |
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 | $ | 223,522,517.45 | | | 0.4666441 | | $ | 201,412,486.19 | | | 0.4204854 |
| 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 | $ | 373,462,517.45 | | | 0.2365274 | | $ | 351,352,486.19 | | | 0.2225243 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 5.618 | % | | 5.657 | % |
| Weighted Average Remaining Term | 33.32 | | 32.67 |
| Number of Receivables Outstanding | 21,543 | | 20,617 |
| Pool Balance | $ | 436,571,976.69 | | | $ | 412,278,554.33 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 407,642,660.04 | | | $ | 385,168,227.44 | |
| Pool Factor | 0.2539123 | | 0.2397831 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,366.14 | |
| Yield Supplement Overcollateralization Amount | $ | 27,110,326.89 | |
| Targeted Overcollateralization Amount | $ | 60,926,068.14 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 60,926,068.14 | |
| |
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 | |
| |
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 33 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 74 | | $ | 421,173.02 | |
| (Recoveries) | | | 101 | | $ | 92,397.83 | |
| Net Loss for Current Collection Period | | | | | $ | 328,775.19 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.9037 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.3726 | % |
| Second Prior Collection Period | | 1.3114 | % |
| Prior Collection Period | | | | | 0.9836 | % |
| Current Collection Period | | | | | 0.9296 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.8993 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 2,649 | | $ | 16,857,790.26 | |
| (Cumulative Recoveries) | | | | | $ | 2,775,990.83 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 14,081,799.43 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.8190 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 6,363.83 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 5,315.89 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 1.82 | % | | 253 | | $ | 7,484,472.63 | |
| 61-90 Days Delinquent | 0.30 | % | | 36 | | $ | 1,218,563.08 | |
| 91-120 Days Delinquent | 0.06 | % | | 5 | | $ | 230,546.32 | |
| Over 120 Days Delinquent | 0.23 | % | | 29 | | $ | 946,422.16 | |
| Total Delinquent Receivables | 2.40 | % | | 323 | | $ | 9,880,004.19 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 21 | | $ | 695,073.63 | |
| Total Repossessed Inventory | | | 32 | | $ | 1,125,027.65 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.3623 | % |
| Prior Collection Period | | | | | 0.4085 | % |
| Current Collection Period | | | | | 0.3395 | % |
| Three Month Average | | | | | 0.3701 | % |
| | | | | |
| 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 | | | | | 0.5810 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2023-B
Monthly Investor Report
| | | | | |
| Collection Period | February 2026 |
| Payment Date | 3/16/2026 |
| Transaction Month | 33 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 72 | $2,147,682.27 |
| 2 Months Extended | | | 101 | $3,228,012.82 |
| 3+ Months Extended | | | 29 | $800,171.84 |
| | | | |
| Total Receivables Extended | 202 | $6,175,866.93 |
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