Investor Presentaiton
Supplemental
Corporate and Other
3Q 2023 Preliminary Results
•
Pre-tax loss of $243 million and Core pre-tax loss of
$191 million (1)
Net financing revenue lower YoY driven by higher interest
expense
Provision expense higher YoY driven by growing asset
balances in unsecured lending and credit normalization
Total assets of $42.7 billion, up $1.4 billion YoY,
primarily driven by higher cash balances and growth
in unsecured lending balances
Pre-tax income/(loss)
Cash & securities
Held for investment loans, net (4)
Intercompany loan (5)
Other (5)
Total assets
Inc / (Dec) v.
Key Financials
3Q 23
2Q 23
3Q 22
Net financing revenue
$
(6)
$
(56) $
(261)
Total other revenue
35
(18)
109
Total net revenue
$
29
$ (74) $
(152)
Provision for credit losses
61
(20)
(34)
Noninterest expense
211
(10)
(26)
$
(243)
$
(44)
$
(92)
Core OID (1)
12
0
2
Repositioning and other (2)
30
30
10
Change in fair value of equity securities (3)
Core pre-tax income/(loss) (1)
10
10
10
$ (191)
$
(4)
$
(71)
$ 31,955
$ (3,184)
$
774
3,701
217
974
(547)
(37)
(157)
7,623
329
(150)
$ 42,732
$ (2,675)
$ 1,441
Ally Financial Rating Details
Ally Invest
3Q 23
2Q 23
3Q 22
Net Funded Accounts (k)
524
521
521
LT Debt
ST Debt
Outlook
Average Customer Trades Per Day (k)
24.9
26.2
29.1
Total Customer Cash Balances
$ 1,363
$ 1,578
$
1,917
Fitch
BBB-
F3
Moody's
Baa3
P-3
Stable
Negative
Total Net Customer Assets
$ 13,981
$ 14,945
$ 13,095
Ally Lending
3Q 23
2Q 23
3Q 22
S&P
BBB-
A-3
Stable
Gross Originations
$
382
$
436
$
599
DBRS
BBB
R-2H
Stable
Held-for-investment Loans (EOP)
Portfolio yield
$ 2,206
$ 2,170
$ 1,813
Note: Ratings as of 09/30/2023. Our borrowing costs & access to the capital markets could be negatively
impacted if our credit ratings are downgraded or otherwise fail to meet investor expectations or demands.
NCO %
9.9%
5.3%
10.0%
11.0%
5.1%
3.9%
Ally Credit Card
3Q 23
2Q 23
3Q 22
Gross Receivable Growth (EOP)
$
114
$
117
$
203
Outstanding Balance (EOP)
$
1,872
$
1,757
$ 1,427
NCO %
8.4%
8.5%
4.0%
Active Cardholders (k)
1,199.1
1,146.1
1,009.6
(1)
Non-GAAP financial measure. See pages 35-37 for definitions.
For additional footnotes see page 40.
ally do it right.
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