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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
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