GM Financial Q1 net income $536M, down 8% YoY; credit metrics weaken

General Motors Financial Company, Inc.

Net income $536M vs $584M in Q1 2023; sequential improvement from $532M in Q4 2023.
Retail loan originations $8.3B flat QoQ; operating lease originations $4.3B unchanged.
Earning assets $118.2B; available liquidity $34.1B at March 31, 2024.
Annualized net charge-offs 1.1% of avg retail receivables vs 0.8% YoY; 60-day+ delinquencies 0.7% vs 0.5%.
China JV equity earnings $32M vs $41M in Q1 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

General Motors Financial Company, Inc. reported the quarter ended March 31, 2024 results: net income $536 million.

Period: the quarter ended March 31, 2024
Net income: $536 million
Result: reported results

Exact text from the filing

GM Financial reports first quarter 2024 operating results • First quarter net income of $536 million

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493 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0000804269-24-000007

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