Ally Financial Q1 GAAP EPS $0.96, down 48% YoY; adjusted EPS $0.82, down 59%

Ally Financial Inc.

2023-Q1 EPS reported $0.96 revenue$2,100,000,000

GAAP net income $291M, down 54% from $627M in Q1 2022; GAAP EPS $0.96 vs $1.86.
Adjusted EPS $0.82; Core PPNR $781M, down 28% YoY from $1.088B.
Retail deposits grew $813M with 126k net new customers; total deposits $154B, up $11.5B YoY.
Consumer auto originations $9.5B; annualized retail auto net charge-offs at 168bps.
CET1 ratio 9.2%; total available liquidity $43B, 3.6x uninsured deposits.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ally Financial Inc. reported first quarter ended March 31, 2023 results: revenue $2.10 billion, net income $388 million, EPS $0.96.

Period: first quarter ended March 31, 2023
Revenue: $2.10 billion
Net income: $388 million
EPS: $0.96
Result: reported results

Exact text from the filing

Ally Financial Reports First Quarter 2023 Financial Results $0.96 10.8% $388 million $2.10 billion GAAP EPS RETURN ON COMMON EQUITY PRE-TAX INCOME GAAP TOTAL NET REVENUE

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Source: SEC EDGAR

accession 0001193125-23-105689

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