Ally CEO reports record Q1 auto applications, credit improving; cites long growth runway

Ally Financial Inc.

Q1 auto finance achieved highest quarterly application volume with strong risk-adjusted margins.
Consumer bank deposit flows allowed lower liquid savings rates despite no Fed rate move; credit trends encouraging.
Ally holds only ~5% of U.S. auto originations, 1% of digital bank market, sees long growth runway.
Corporate finance achieved highest annual earnings in 25 years in 2024 with loss rate below 50 bps since IPO.
Ken Bacon retiring from board; Michelle Goldberg elected as new director.

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