Ally Financial Q4 net income $76M ($0.16 EPS), adjusted EPS $0.45; FY net income $1.0B, adjusted EPS $3.05

Ally Financial Inc.

2023-FY EPS reported $2.98 revenue$8,214,000,000

Q4 net income $76M, EPS $0.16; adjusted EPS $0.45. Full-year net income $1.0B, EPS $2.98, adj. EPS $3.05.
Total net revenue $2.1B Q4, $8.2B full year. Core pre-tax income $174M Q4.
Agreed to sell Ally Lending; deconsolidated $1.7B retail auto loans; headcount savings $80M annualized.
FDIC special assessment fee of $38M; retail auto originated yield 10.81% in Q4, up 124 bps YoY.
Retail deposits grew $2.2B QoQ to $142.3B; 52K net new retail deposit customers in Q4.

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 0.9

Ally Financial Inc. reported preliminary financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: preliminary results

Exact text from the filing

On January 19, 2024, Ally Financial Inc. issued a press release announcing preliminary operating results for the fourth quarter and full year ended December 31, 2023.

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Ally Financial Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-010758

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