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Sep 30, 2022
Ally Q3 2022 Earnings Report
Ally's results were impacted by an impairment on a nonmarketable equity investment related to the mortgage business and higher provisions due to loan growth in auto finance.
Key Takeaways
Ally Financial reported a GAAP EPS of $0.88 and adjusted EPS of $1.12 for Q3 2022. The company's performance was influenced by an impairment on a nonmarketable equity investment and increased provisions for credit losses. Despite these challenges, Ally saw growth in retail deposits and consumer auto originations.
Consumer auto originations reached $12.3 billion.
Retail deposit balances increased to $133.9 billion.
Completed $415 million of share repurchases.
Net income attributable to common shareholders was $272 million.
Ally
Ally
Ally Revenue by Segment
Revenue by Segment
Auto Finance Revenue
CapyFin.comInsurance Revenue
CapyFin.comCorporate Finance Revenue
CapyFin.com Forward Guidance
Ally remains focused on delivering solid results each quarter while actively monitoring the uncertainty which lies ahead.
Revenue & Expenses
Visualization of income flow from segment revenue to net income