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Ally Financial reported a net income attributable to common shareholders of $627 million, with a GAAP EPS of $1.86 and an adjusted EPS of $2.03. The company achieved a core return on tangible common equity of 23.6%.
Consumer auto originations reached $11.6 billion.
Retail deposit customers grew for the 52nd consecutive quarter, reaching 2.5 million.
Ally Lending gross originations increased by 109% year over year to $442 million.
Ally Credit Card balances increased by 93% year over year to $1.0 billion.
Ally remains on track with FY 2022 buyback authorization of $2.0 billion and announced 2Q 2022 common dividend of $0.30 per share
Visualization of income flow from segment revenue to net income