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Mar 31, 2021
Ally Q1 2021 Earnings Report
Ally's first quarter performance demonstrated the ability to navigate the complexities of the pandemic and emerge as a stronger and more resilient company, driven by leading auto and digital banking platforms and a culture centered around customer service.
Key Takeaways
Ally Financial reported a strong first quarter with net income attributable to common shareholders of $796 million, driven by a $13 million provision benefit compared to a $903 million provision expense in the prior year period, as well as higher other revenue and higher net financing revenue. Consumer auto originations reached $10.2 billion, and retail deposits increased to $128.4 billion.
Consumer auto originations reached $10.2 billion, sourced from 3.3 million decisioned applications.
Retail deposits increased to $128.4 billion, up 21% year-over-year and $4.0 billion quarter-over-quarter.
Ally Home direct-to-consumer mortgage originations increased by 145% year-over-year to $1.8 billion.
The board of directors approved a second quarter 2021 common dividend of $0.19 per share and resumed buybacks under a $1.6 billion fiscal year 2021 authorization.
Ally
Ally
Ally Revenue by Segment
Revenue by Segment
Auto Finance Revenue
CapyFin.comInsurance Revenue
CapyFin.comCorporate Finance Revenue
CapyFin.com Forward Guidance
Ally's strong first quarter performance demonstrated our continued ability to navigate the complexities of the pandemic and emerge as a stronger and more resilient company.
Revenue & Expenses
Visualization of income flow from segment revenue to net income