Investor Presentaiton
4Q and Full-Year 2023 Financial Results
4Q 2023 Preliminary Results
Consolidated Income Statement
4Q 23
3Q 23
4Q 22
2023
2022
($ millions, except per share data)
Net financing revenue
Core OID (1)
$ 1,493
$
1,533
$
1,674
$
6,201
$ 6,850
13
12
11
48
42
Net financing revenue (ex. Core OID) (1)
1,506
1,545
1,685
6,249
6,892
Other revenue
574
435
527
2,013
1,578
Repositioning and change in fair value of equity securities (2)
(74)
56
(49)
(107)
215
Adjusted other revenue
(1)
500
491
478
1,906
1,793
Provision for credit losses
Memo: Net charge-offs
Memo: Provision build / (release)
Ally Lending Repositioning items (3)
Adjusted provision for credit losses (1)
Noninterest expense
Repositioning items (2)
Adjusted noninterest expense
587
508
490
1,968
1,399
623
456
390
1,887
952
(36)
52
100
81
447
(16)
(16)
603
508
490
1,984
1,399
1,416
1,232
1,266
5,163
4,687
FDIC Special Assessment
38
30
57
68
77
Ally Lending Repositioning items (3)
$133M pre-tax impact from
149
149
(1)
provision release and
write-down of goodwill
1,229
1,202
1,209
4,946
4,610
Pre-tax income
64
228
445
SA
1,083
2,342
Income tax expense / (benefit)
Net loss from discontinued operations
Net income
Preferred stock dividends
Net income attributable to common stockholders
GAAP EPS (diluted)
(13)
(68)
167
61
627
(1)
(2)
(1)
$
SA
EA
76
296
278
$ 1,020
1,714
27
27
27
110
110
49
$ 269
$
251
$
910
$ 1,604
$ 0.16
$ 0.88
$ 0.83
$ 2.98
$ 5.03
Core OID, net of tax (1)
0.03
0.03
0.03
0.13
0.10
(1)
Change in fair value of equity securities, net of tax
Repositioning, discontinued ops., and other, net of tax (2)
Repositioning items (Ally Lending)(3)
Significant discrete tax items
Adjusted EPS
(2)
(0.19)
0.14
(0.13)
(0.28)
0.53
0.10
0.08
0.15
0.18
0.19
FDIC Special Assessment
Provision release and
write-down of goodwill
0.34
0.34
(0.31)
0.20
(0.31)
0.19
$ 0.45
$ 0.83
$ 1.08
$ 3.05
$ 6.06
(1)
Non-GAAP financial measure. See pages 35-37 for definitions.
(2)
Contains Non-GAAP financial measures and other financial measures. See pages 35-38 for definitions.
(3)
Repositioning items related to pending sale of Ally Lending. Contains Non-GAAP financial measures and other financial measures. See pages 35 - 38 for definitions.
Note: Repositioning items excluding Ally Lending represent FDIC special assessment fee in 4Q '23, costs associated with restructuring in 3Q '23 and cost associated with termination of
legacy qualified pension plan in 2022.
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