Investor Presentaiton
Supplemental
4Q 2023 Preliminary Results
GAAP to Core Results: Adjusted TBVPS - Annual
Adjusted Tangible Book Value per Share ("Adjusted TBVPS")
Numerator ($ billions)
GAAP shareholder's equity
Preferred equity
GAAP common shareholder's equity
Goodwill and identifiable intangibles, net of DTLS
Tangible common equity
Tax-effected Core OID balance
(21% tax rate starting 4Q17, 35% starting 1Q16; 34% prior)
Series G discount
Adjusted tangible book value
Denominator
Issued shares outstanding (period-end, thousands)
Metric
GAAP shareholder's equity per share
Preferred equity per share
Goodwill and identifiable intangibles, net of DTLS per share
GAAP common shareholder's equity per share
Tangible common equity per share
Tax-effected Core OID balance
(21% tax rate starting 4Q17, 35% starting 1Q16; 34% prior) per share
Adjusted tangible book value per share
Calculated Impact to Adjusted TBVPS from CECL Day-1
Numerator ($ billions)
Adjusted tangible book value
CECL Day-1 impact to retained earnings, net of tax
Adjusted tangible book value less CECL Day-1 impact
Denominator
Issued shares outstanding (period-end, thousands)
Metric
Adjusted TBVPS
CECL Day-1 impact to retained earnings, net of tax per share
Adjusted tangible book value, less CECL Day-1 impact per share
1Q 20
$
[a] $
12.2
1.0
13.3
[b]
373,155
$
32.8
[a] / [b] $
2.7
35.5
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
$
13.8
$
12.9
$
17.1
$
14.7
$
14.4
$
13.3
$
13.5
(2.3)
(2.3)
(2.3)
$
11.4
$
10.5
$
14.7
$
14.7
14.4
$
13.3
13.5
(0.7)
(0.9)
(0.9)
(0.4)
(0.5)
(0.3)
(0.3)
10.7
9.6
13.8
14.3
14.0
13.0
13.2
(0.6)
(0.7)
(0.7)
(0.8)
(0.8)
(0.9)
(0.9)
[a] $
10.1
$
9.0
$
13.1
$
13.5
$
13.1
$
12.1
$
12.3
[b]
302,459
299,324
337,941
374,674
374,332
404,900
437,054
$
45.5
$
43.0
$
50.5
$
39.2
$
38.5
$
32.8
$
30.9
(7.7)
(7.8)
(6.9)
$
37.8
$
35.2
$
43.6
$
39.2
$
38.5
$
32.8
$
30.9
(2.4)
(3.0)
(2.8)
(1.0)
(1.2)
(0.7)
(0.7)
35.4
32.2
40.8
38.2
37.3
32.1
30.2
[a] / [b] $
(2.1)
33.3
(2.2)
(2.1)
(2.2)
(2.2)
(2.1)
(2.1)
$
30.0
$
38.7
$
36.1
$
35.1
$
29.9
$
28.1
Ally adopted CECL on January 1, 2020. Upon implementation of CECL Ally recognized a reduction to our opening retained earnings balance of approximately $1.0 billion, net of income
tax, which reflects a pre-tax increase to the allowance for loan losses of approximately $1.3 billion. This increase is almost exclusively driven by our consumer automotive loan portfolio.
ally do it right.
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