.2

 

 

 

FIRST QUARTER 2026

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, new and used vehicle values 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, 2025, 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 presentation.

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. 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.

 

2

ALLY FINANCIAL INC.
TABLE OF CONTENTS

 

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

 

3

ALLY FINANCIAL INC.
CONSOLIDATED INCOME STATEMENT

 

($ in millions)		QUARTERLY TRENDS																				CHANGE VS.
		1Q 26				4Q 25				3Q 25				2Q 25				1Q 25				4Q 25				1Q 25
Financing revenue and other interest income
Interest and fees on finance receivables and loans		$	2,658			$	2,690			$	2,674			$	2,624			$	2,709			$	(32	)		$	(51	)
Interest on loans held-for-sale			9				7				6				6				5				2				4
Total interest and dividends on investment securities			223				234				241				239				221				(11	)			2
Interest-bearing cash			81				88				92				95				98				(7	)			(17	)
Other earning assets			11				10				9				9				9				1				2
Operating leases			392				387				365				352				351				5				41
Total financing revenue and other interest income			3,374				3,416				3,387				3,325				3,393				(42	)			(19	)
Interest expense
Interest on deposits			1,233				1,268				1,302				1,329				1,403				(35	)			(170	)
Interest on short-term borrowings			19				18				11				5				1				1				18
Interest on long-term debt			265				274				265				258				271				(9	)			(6	)
Interest on other			—				2				—				1				—				(2	)			—
Total interest expense			1,517				1,562				1,578				1,593				1,675				(45	)			(158	)
Depreciation expense on operating lease assets			268				256				225				216				240				12				28
Net financing revenue		$	1,589			$	1,598			$	1,584			$	1,516			$	1,478			$	(9	)		$	111
Other revenue
Insurance premiums and service revenue earned			360				366				361				359				364				(6	)			(4	)
Gain / (loss) on mortgage and automotive loans, net			(3	)			(29	)			(3	)			(4	)			1				26				(4	)
Other gain / (loss) on investments, net			(21	)			21				56				61				(499	)			(42	)			478
Other income, net of losses			177				167				170				150				197				10				(20	)
Total other revenue			513				525				584				566				63				(12	)			450
Total net revenue			2,102				2,123				2,168				2,082				1,541				(21	)			561
Provision for loan losses			467				487				415				384				191				(20	)			276
Noninterest expense
Compensation and benefits expense			491				475				447				430				505				16				(14	)
Insurance losses and loss adjustment expenses			121				111				141				203				161				10				(40	)
Goodwill impairment			—				—				—				—				305				—				(305	)
Other operating expenses			623				664				652				629				663				(41	)			(40	)
Total noninterest expense			1,235				1,250				1,240				1,262				1,634				(15	)			(399	)
Pre-tax income (loss) from continuing operations		$	400			$	386			$	513			$	436			$	(284	)		$	14			$	684
Income tax (benefit) / expense from continuing operations			81				59				115				84				(59	)			22				140
Net income (loss) from continuing operations			319				327				398				352				(225	)			(8	)			544
Loss from discontinued operations, net of tax			—				—				—				—				—				—				—
Net income (loss)		$	319			$	327			$	398			$	352			$	(225	)		$	(8	)		$	544
Preferred Dividends			28				27				27				28				28				1				—
Net income (loss) available to common shareholders		$	291			$	300			$	371			$	324			$	(253	)		$	(9	)		$	544

Note: Numbers may not foot due to rounding.

 

4

ALLY FINANCIAL INC.
CONSOLIDATED PERIOD-END BALANCE SHEET

 

($ in millions)		QUARTERLY TRENDS																				CHANGE VS.
Assets		1Q 26				4Q 25				3Q 25				2Q 25				1Q 25				4Q 25				1Q 25
Cash and cash equivalents
Noninterest-bearing		$	380			$	405			$	429			$	530			$	543			$	(25	)		$	(163	)
Interest-bearing			9,138				9,625				9,817				10,062				9,866				(487	)			(728	)
Total cash and cash equivalents			9,518				10,030				10,246				10,592				10,409				(512	)			(891	)
Investment securities (1)			28,238				28,220				27,982				27,896				27,956				18				282
Loans held-for-sale, net			337				549				179				185				209				(212	)			128
Finance receivables and loans, net			139,890				137,454				134,567				133,229				133,485				2,436				6,405
Allowance for loan losses			(3,540	)			(3,490	)			(3,460	)			(3,416	)			(3,398	)			(50	)			(142	)
Total finance receivables and loans, net			136,350				133,964				131,107				129,813				130,087				2,386				6,263
Investment in operating leases, net			8,699				8,772				8,599				7,992				7,879				(73	)			820
Premiums receivable and other insurance assets			2,817				2,844				2,903				2,893				2,806				(27	)			11
Other assets			11,310				11,623				10,695				10,102				11,545				(313	)			(235	)
Assets of operations held-for-sale (2)			—				—				—				—				2,440				—				(2,440	)
Total assets		$	197,269			$	196,002			$	191,711			$	189,473			$	193,331			$	1,267			$	3,938
Liabilities
Deposit liabilities
Noninterest-bearing		$	137			$	125			$	174			$	155			$	133			$	12			$	4
Interest-bearing			153,015				151,524				148,236				147,711				151,295				1,491				1,720
Total deposit liabilities			153,152				151,649				148,410				147,866				151,428				1,503				1,724
Short-term borrowings			4,126				4,695				3,879				3,856				3,339				(569	)			787
Long-term debt			17,349				17,070				16,749				15,876				16,465				279				884
Interest payable			852				729				1,097				912				954				123				(102	)
Unearned insurance premiums and service revenue			3,665				3,656				3,648				3,627				3,563				9				102
Accrued expense and other liabilities			2,516				2,705				2,811				2,789				3,315				(189	)			(799	)
Liabilities of operations held-for-sale			—				—				—				—				35				—				(35	)
Total liabilities		$	181,660			$	180,504			$	176,594			$	174,926			$	179,099			$	1,156			$	2,561
Equity
Common stock and paid-in capital (3)		$	15,231			$	15,327			$	15,310			$	15,291			$	15,248			$	(96	)		$	(17	)
Preferred stock			2,324				2,324				2,324				2,324				2,324				—				—
Retained earnings (accumulated deficit)			827				633				427				151				(78	)			194				905
Accumulated other comprehensive loss			(2,773	)			(2,786	)			(2,944	)			(3,219	)			(3,262	)			13				489
Total equity			15,609				15,498				15,117				14,547				14,232				111				1,377
Total liabilities and equity		$	197,269			$	196,002			$	191,711			$	189,473			$	193,331			$	1,267			$	3,938

 

(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.

 

5

ALLY FINANCIAL INC.
CONSOLIDATED AVERAGE BALANCE SHEET (1)

 

($ in millions)		QUARTERLY TRENDS																				CHANGE VS.
Assets		1Q 26				4Q 25				3Q 25				2Q 25				1Q 25				4Q 25				1Q 25
Interest-bearing cash and cash equivalents		$	9,100			$	8,983			$	8,465			$	8,888			$	9,345			$	117			$	(245	)
Investment securities and other earning assets			28,954				28,846				28,450				28,359				28,435				108				519
Loans held-for-sale, net			415				181				141				135				166				234				249
Total finance receivables and loans, net (2) (5)			137,797				135,674				133,419				132,762				135,178				2,123				2,619
Investment in operating leases, net			8,805				8,753				8,255				7,919				7,955				52				850
Total interest earning assets			185,071				182,437				178,730				178,063				181,079				2,634				3,992
Noninterest-bearing cash and cash equivalents			286				266				251				874				279				20				7
Other assets			11,510				11,654				11,699				11,367				12,078				(144	)			(568	)
Allowance for loan losses			(3,501	)			(3,460	)			(3,437	)			(3,397	)			(3,708	)			(41	)			207
Total assets		$	193,366			$	190,897			$	187,243			$	186,907			$	189,728			$	2,469			$	3,638
Liabilities
Interest-bearing deposit liabilities
Retail deposit liabilities		$	144,106			$	141,750			$	142,364			$	143,492			$	143,914			$	2,356			$	192
Other interest-bearing deposit liabilities (3)			7,616				7,123				5,127				4,806				6,581				493				1,035
Total Interest-bearing deposit liabilities			151,722				148,873				147,491				148,298				150,495				2,849				1,227
Short-term borrowings			1,941				1,794				897				475				124				147				1,817
Long-term debt (4)			17,049				17,249				16,375				16,129				17,245				(200	)			(196	)
Total interest-bearing liabilities (4)			170,712				167,916				164,763				164,902				167,864				2,796				2,848
Noninterest-bearing deposit liabilities			145				155				169				146				145				(10	)			—
Other liabilities			6,727				7,320				7,362				7,463				7,529				(593	)			(802	)
Total liabilities		$	177,584			$	175,391			$	172,294			$	172,511			$	175,538			$	2,193			$	2,046
Equity
Total equity		$	15,782			$	15,506			$	14,949			$	14,396			$	14,190			$	276			$	1,592
Total liabilities and equity		$	193,366			$	190,897			$	187,243			$	186,907			$	189,728			$	2,469			$	3,638

 

(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 $661 million in 1Q26, $679 million in 4Q25, $696 million in 3Q25, $713 million in 2Q25, and $729 million in 1Q25.

(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 03/31/25. The sale of card closed 04/01/25.

Note: Numbers may not foot due to rounding.

 

6