Ally Financial Q2 2023 GAAP EPS $0.99, net income down 34% YoY; deposits grow $500M QoQ

Ally Financial Inc.

2023-Q2 EPS reported $1.95 revenue$4,179,000,000

GAAP net income to common shareholders $301M ($0.99/share), down 34% YoY; adjusted EPS $0.96, down 46% YoY.
Total net revenue $2.08B flat YoY; core pre-tax income $390M, down 41% YoY from $570M.
Retail auto originations $10.4B on 3.5M apps; annualized net charge-offs 132bps.
Retail deposits up $0.5B QoQ to $154.3B total; FDIC insured 92%, total liquidity $42.5B.
CET1 ratio 9.3%; $3.7B capital above regulatory minimum and SCB.

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

Ally Financial Inc. reported second quarter ended June 30, 2023 results: revenue $2.08 billion, net income $403 million, EPS $0.99.

Period: second quarter ended June 30, 2023
Revenue: $2.08 billion
Net income: $403 million
EPS: $0.99
Result: preliminary results

Exact text from the filing

99.3. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 News release: IMMEDIATE RELEASE Ally Financial Reports Second Quarter 2023 Financial Results $0.99 10.8% $403 million $2.08 billion GAAP EPS RETURN ON COMMON EQUITY PRE-TAX INCOME GAAP TOTAL NET REVENUE $0.96 13.9% $390 million $2.07 billion ADJUSTED EPS 1 CORE ROTCE 1 CORE PRE-TAX INCOME 1 ADJUSTED TOTAL NET

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Source: SEC EDGAR

accession 0001193125-23-189215

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