---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-099895"
form_type: "8-K"
ticker: "ALLY"
cik: "0000040729"
company_name: "Ally Financial Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:50:37.876615+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-099895
- form_type: 8-K
- ticker: ALLY
- cik: 0000040729
- company_name: Ally Financial Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40729/000119312524099895/0001193125-24-099895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40729/000119312524099895/d816457d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-099895
- JSON: https://secwatch.observer/filing/0001193125-24-099895.json
- Plain text: https://secwatch.observer/filing/0001193125-24-099895.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/40729/000119312524099895/0001193125-24-099895-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.