Ally Q3: GAAP EPS $0.88, adj EPS $0.83; record auto applications; CEO to exit

Ally Financial Inc.

2023-Q3 EPS reported $2.83 revenue$6,147,000,000

GAAP EPS $0.88, adjusted EPS $0.83; GAAP net revenue $1.97B, adjusted net revenue $2.04B.
Record 3.7M consumer auto applications drove $10.6B originations at 10.7% yield.
Insurance earned premiums $324M, highest since 2009; deposits $153B, up $7.1B YoY.
CEO Jeffrey J. Brown announces plan to step down; board to lead transition.
Annualized retail auto net charge-offs 185bps, in line with prior guidance.

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 1.0

Ally Financial Inc. reported third quarter ended September 30, 2023 results: revenue $1.97 billion GAAP TOTAL NET REVENUE, net income $228 million GAAP PRE-TAX INCOME, EPS $0.88 GAAP EPS.

Period: third quarter ended September 30, 2023
Revenue: $1.97 billion GAAP TOTAL NET REVENUE
Net income: $228 million GAAP PRE-TAX INCOME
EPS: $0.88 GAAP EPS
Result: preliminary results

Exact text from the filing

Ally Financial Reports Third Quarter 2023 Financial Results $0.88 9.9% $228 million $1.97 billion GAAP EPS RETURN ON COMMON EQUITY PRE-TAX INCOME GAAP TOTAL NET REVENUE

View on SEC.gov

Browse all earnings releases →

Ally Financial Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-258069

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.