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SECOND QUARTER 2025

FINANCIAL SUPPLEMENT

ALLY FINANCIAL INC.  FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION

 

This document and related communications should be read in conjunction with the financial statements, notes, and other information contained in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. This information is preliminary and based on company and third-party data available at the time of the presentation or related communication.

This document and related communications contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts—such as statements about the outlook for financial and operating metrics and performance and future capital allocation and actions. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. In particular, forward-looking statements about Ally’s outlook, including expectations regarding net interest margin, adjusted other revenue, net-charge offs, non-interest expenses and average earning assets, and other forward-looking statements are based on our current expectations and are subject to various important factors that could cause actual results to differ materially, including general economic conditions, expectations regarding interest rates and inflation, monetary and fiscal policies in the United States and other jurisdictions, the composition of our balance sheet, including with respect to our loan and securities portfolios, the impact of our strategic initiatives, including recent initiatives involving our Credit Card and Mortgage operations, demand for new and used vehicles, demand for auto loans and leases and the impact of escalating tariffs and other trade policies on us, our customers and our strategic partners, and the economic impacts, volatility and uncertainty resulting therefrom.

You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described above and in our Annual Report on Form 10-K for the year ended December 31, 2024, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (collectively, our “SEC filings”).

Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent SEC filings.

This document and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to U.S. generally accepted accounting principles (“GAAP”). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the document.

Unless the context otherwise requires, the following definitions apply. The term “loans” means the following consumer and commercial products associated with our direct and indirect financing activities: loans, retail installment sales contracts, lines of credit, and other financing products excluding operating leases. The term “operating leases” means consumer- and commercial-vehicle lease agreements where Ally is the lessor and the lessee is generally not obligated to acquire ownership of the vehicle at lease-end or compensate Ally for the vehicle’s residual value. The terms “lend,” “finance,” and “originate” mean our direct extension or origination of loans, our purchase or acquisition of loans, or our purchase of operating leases, as applicable. The term “consumer” means all consumer products associated with our loan and operating-lease activities and all commercial retail installment sales contracts. The term “commercial” means all commercial products associated with our loan activities, other than commercial retail installment sales contracts. The term “partnerships” means business arrangements rather than partnerships as defined by law.

 

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ALLY FINANCIAL INC.  TABLE OF CONTENTS

 

		Page(s)
Consolidated Results
Consolidated Income Statement			4
Consolidated Period-End Balance Sheet Consolidated			5
Average Balance Sheet			6

 

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ALLY FINANCIAL INC.  CONSOLIDATED INCOME STATEMENT

 

($ in millions)		QUARTERLY TRENDS																				CHANGE VS.
		2Q 25				1Q 25				4Q 24				3Q 24				2Q 24				1Q 25				2Q 24
Financing revenue and other interest income
Interest and fees on finance receivables and loans		$	2,624			$	2,709			$	2,833			$	2,889			$	2,845			$	(85	)		$	(221	)
Interest on loans held-for-sale			6				5				2				5				7				1				(1	)
Total interest and dividends on investment securities			239				221				233				253				255				18				(16	)
Interest-bearing cash			95				98				99				102				88				(3	)			7
Other earning assets			9				9				11				9				10				—				(1	)
Operating leases			352				351				350				316				333				1				19
Total financing revenue and other interest income			3,325				3,393				3,528				3,574				3,538				(68	)			(213	)
Interest expense
Interest on deposits			1,329				1,403				1,527				1,616				1,594				(74	)			(265	)
Interest on short-term borrowings			5				1				3				13				27				4				(22	)
Interest on long-term debt			258				271				269				256				244				(13	)			14
Interest on other			1				—				—				—				1				1				—
Total interest expense			1,593				1,675				1,799				1,885				1,866				(82	)			(273	)
Depreciation expense on operating lease assets			216				240				220				169				155				(24	)			61
Net financing revenue		$	1,516			$	1,478			$	1,509			$	1,520			$	1,517			$	38			$	(1	)
Other revenue
Insurance premiums and service revenue earned			359				364				368				359				341				(5	)			18
Gain / (loss) on mortgage and automotive loans, net			(4	)			1				6				6				6				(5	)			(10	)
Other gain / (loss) on investments, net			61				(499	)			(24	)			74				(7	)			560				68
Other income, net of losses			150				197				167				176				165				(47	)			(15	)
Total other revenue			566				63				517				615				505				503				61
Total net revenue			2,082				1,541				2,026				2,135				2,022				541				60
Provision for loan losses			384				191				557				645				457				193				(73	)
Noninterest expense
Compensation and benefits expense			430				505				446				435				442				(75	)			(12	)
Insurance losses and loss adjustment expenses			203				161				116				135				181				42				22
Goodwill impairment			—				305				118				—				—				(305	)			—
Other operating expenses			629				663				680				655				663				(34	)			(34	)
Total noninterest expense			1,262				1,634				1,360				1,225				1,286				(372	)			(24	)
Pre-tax income (loss) from continuing operations		$	436			$	(284	)		$	109			$	265			$	279			$	720			$	157
Income tax (benefit) / expense from continuing operations			84				(59	)			—				67				60				143				24
Net income (loss) from continuing operations			352				(225	)			109				198				219				577				133
Loss from discontinued operations, net of tax			—				—				(1	)			—				—				—				—
Net income (loss)		$	352			$	(225	)		$	108			$	198			$	219			$	577			$	133
Preferred Dividends			28				28				27				27				28				—				—
Net income (loss) available to common shareholders		$	324			$	(253	)		$	81			$	171			$	191			$	577			$	133

Note: Numbers may not foot due to rounding

 

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ALLY FINANCIAL INC.  CONSOLIDATED PERIOD-END BALANCE SHEET

 

($ in millions)		QUARTERLY TRENDS																				CHANGE VS.
		2Q 25				1Q 25				4Q 24				3Q 24				2Q 24				1Q 25				2Q 24
Assets
Cash and cash equivalents
Noninterest-bearing		$	530			$	543			$	522			$	544			$	536			$	(13	)		$	(6	)
Interest-bearing			10,062				9,866				9,770				8,072				6,833				196				3,229
Total cash and cash equivalents			10,592				10,409				10,292				8,616				7,369				183				3,223
Investment securities (1)			27,896				27,956				27,627				29,223				28,602				(60	)			(706	)
Loans held-for-sale, net			185				209				160				306				316				(24	)			(131	)
Finance receivables and loans, net			133,229				133,485				136,030				137,501				138,783				(256	)			(5,554	)
Allowance for loan losses			(3,416	)			(3,398	)			(3,714	)			(3,700	)			(3,572	)			(18	)			156
Total finance receivables and loans, net			129,813				130,087				132,316				133,801				135,211				(274	)			(5,398	)
Investment in operating leases, net			7,992				7,879				7,991				7,967				8,126				113				(134	)
Premiums receivable and other insurance assets			2,893				2,806				2,790				2,810				2,806				87				87
Other assets			10,102				11,545				10,660				9,947				9,949				(1,443	)			153
Assets of operations held-for-sale (2)			—				2,440				—				—				—				(2,440	)			—
Total assets		$	189,473			$	193,331			$	191,836			$	192,670			$	192,379			$	(3,858	)		$	(2,906	)
Liabilities
Deposit liabilities
Noninterest-bearing		$	155			$	133			$	131			$	174			$	156			$	22			$	(1	)
Interest-bearing			147,711				151,295				151,443				151,776				151,998				(3,584	)			(4,287	)
Total deposit liabilities			147,866				151,428				151,574				151,950				152,154				(3,562	)			(4,288	)
Short-term borrowings			3,856				3,339				1,625				1,771				3,122				517				734
Long-term debt			15,876				16,465				17,495				16,807				15,979				(589	)			(103	)
Interest payable			912				954				890				1,425				1,148				(42	)			(236	)
Unearned insurance premiums and service revenue			3,627				3,563				3,535				3,534				3,496				64				131
Accrued expense and other liabilities			2,789				3,315				2,814				2,769				2,781				(526	)			8
Liabilities of operations held-for-sale			—				35				—				—				—				(35	)			—
Total liabilities		$	174,926			$	179,099			$	177,933			$	178,256			$	178,680			$	(4,173	)		$	(3,754	)
Equity
Common stock and paid-in capital (3)		$	15,291			$	15,248			$	15,233			$	15,199			$	15,176			$	43			$	115
Preferred stock			2,324				2,324				2,324				2,324				2,324				—				—
Retained earnings (accumulated deficit)			151				(78	)			270				284				208				229				(57	)
Accumulated other comprehensive loss			(3,219	)			(3,262	)			(3,924	)			(3,393	)			(4,009	)			43				790
Total equity			14,547				14,232				13,903				14,414				13,699				315				848
Total liabilities and equity		$	189,473			$	193,331			$	191,836			$	192,670			$	192,379			$	(3,858	)		$	(2,906	)

 

(1)	Includes Held-to-maturity securities.

(2)	Credit Card moved to Assets of Operations Held-For-Sale (HFS) on 03/31/25. Sale of Credit Card closed on 04/01/25.

(3)	Includes Treasury stock.

Note: Numbers may not foot due to rounding

 

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ALLY FINANCIAL INC.  CONSOLIDATED AVERAGE BALANCE SHEET(1)

 

($ in millions)
		QUARTERLY TRENDS																				CHANGE VS.
		2Q 25				1Q 25				4Q 24				3Q 24				2Q 24				1Q 25				2Q 24
Assets
Interest-bearing cash and cash equivalents		$	8,888			$	9,345			$	8,721			$	7,867			$	7,276			$	(457	)		$	1,612
Investment securities and other earning assets			28,359				28,435				28,894				29,695				29,233				(76	)			(874	)
Loans held-for-sale, net			135				166				123				267				220				(31	)			(85	)
Total finance receivables and loans, net (2) (5)			132,762				135,178				136,636				137,625				138,322				(2,416	)			(5,560	)
Investment in operating leases, net			7,919				7,955				7,794				8,038				8,417				(36	)			(498	)
Total interest earning assets			178,063				181,079				182,168				183,492				183,468				(3,016	)			(5,405	)
Noninterest-bearing cash and cash equivalents			874				279				278				266				360				595				514
Other assets			11,367				12,078				11,772				11,711				11,720				(711	)			(353	)
Allowance for loan losses			(3,397	)			(3,708	)			(3,714	)			(3,584	)			(3,557	)			311				160
Total assets		$	186,907			$	189,728			$	190,504			$	191,885			$	191,991			$	(2,821)			$	(5,084	)
Liabilities
Interest-bearing deposit liabilities
Retail deposit liabilities		$	143,492			$	143,914			$	141,868			$	141,286			$	142,949			$	(422	)		$	543
Other interest-bearing deposit liabilities (3)			4,806				6,581				9,476				10,789				9,316				(1,775	)			(4,510	)
Total Interest-bearing deposit liabilities			148,298				150,495				151,344				152,075				152,265				(2,197	)			(3,967	)
Short-term borrowings			475				124				239				994				2,254				351				(1,779	)
Long-term debt (4)			16,129				17,245				16,954				16,597				16,367				(1,116	)			(238	)
Total interest-bearing liabilities (4)			164,902				167,864				168,537				169,666				170,886				(2,962	)			(5,984	)
Noninterest-bearing deposit liabilities			146				145				158				166				147				1				(1	)
Other liabilities			8,966				7,529				7,757				7,619				7,231				1,437				1,735
Total liabilities		$	174,014			$	175,538			$	176,452			$	177,451			$	178,264			$	(1,524	)		$	(4,250	)
Equity
Total equity		$	12,893			$	14,190			$	14,052			$	14,434			$	13,727			$	(1,297	)		$	(834	)
Total liabilities and equity		$	186,907			$	189,728			$	190,504			$	191,885			$	191,991			$	(2,821)			$	(5,084	)

 

(1)	Average balances are calculated using a combination of monthly and daily average methodologies.

(2)	Nonperforming finance receivables and loans are included in the average balances net of unearned income, unamortized premiums and discounts, and deferred fees and costs.

(3)	Includes brokered (inclusive of sweep deposits) and other deposits.

(4)	Includes average Core OID balance of $713 million in 2Q25, $729 million in 1Q25, $744 million in 4Q24, $759 million in 3Q24, and $773 million in 2Q24.

(5)	Includes the effects of finance receivables and loans, net that were transferred to loans held-for-sale, net and subsequently transferred to assets of operations held-for-sale as of March 31, 2025. The sale of card closed April 1, 2025.

Note: Numbers may not foot due to rounding

 

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