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Sep 30, 2024
Ally Q3 2024 Earnings Report
Ally's financial performance reflected its ability to navigate a changing environment, demonstrating growth in key areas while addressing challenges in others.
Key Takeaways
Ally Financial reported GAAP EPS of $1.06 and Adjusted EPS of $0.95 for Q3 2024. The company saw growth in insurance written premiums and continued retail deposit customer growth. However, the company faced challenges including higher retail auto net charge-offs.
GAAP EPS reached $1.06, and Adjusted EPS was $0.95, showing year-over-year increases.
Consumer auto originations amounted to $9.4 billion.
Insurance written premiums hit a record $384 million, marking a 15% increase year-over-year.
Retail deposits totaled $141 billion, with 92% being FDIC insured, and the company gained 57,000 new deposit customers.
Revenue by Segment
Forward Guidance
The company is focused on executing its long-term strategic priorities and delivering value for its customers, communities, and shareholders.
Positive Outlook
- Underlying trends in Dealer Financial Services
- Underlying trends in Deposits
- Underlying trends in Corporate Finance
- Robust network of 22 thousand dealers
- Strong risk adjusted yields
Challenges Ahead
- Evolving operating environment
- Challenges of managing through a unique environment
- Elevated Retail Auto net charge-offs
- Higher provision expense
- Lower net financing revenue
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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