Ally Financial Q1 GAAP EPS $0.42, adjusted EPS $0.45; announces new CEO Michael Rhodes

Ally Financial Inc.

2024-Q1 EPS reported $0.42 revenue$1,986,000,000

GAAP net income $129M ($0.42 EPS); adjusted EPS $0.45; core pre-tax income $183M.
Adjusted total net revenue $2.0B; record 3.8M consumer auto applications with $9.8B originations.
Retail auto net charge-offs 227 bps, in line with guidance; 40% of volume in highest credit tier.
Michael Rhodes appointed CEO effective April 29, 2024, succeeding interim CEO Doug Timmerman.
Retail deposits $145.1B, up $2.9B; 3.1M depositors; closed sale of Ally Lending with ~15 bps CET1 benefit.

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 preliminary financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: preliminary results

Exact text from the filing

On April 18, 2024, Ally Financial Inc. issued a press release announcing preliminary operating results for the first quarter ended March 31, 2024. The press release is attached hereto and incorporated by reference as Exhibit 99.1.

View on SEC.gov

1349 earnings releases filed in the last 30 days. Browse all earnings releases →

Ally Financial Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-099895

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.