Investor Presentaiton
3Q 2023 Highlights
$0.88 | $0.83
9.9% | 12.9%
GAAP
EPS
$2.0B | $2.0B
3Q 2023 Preliminary Results
3.3% 10.7%
Adj.
EPS (1)
Return on
Core
GAAP
Common Equity ROTCE (1)
Adj. Total
Net Revenue Net Revenue (1)
NIM
Est. Retail
(ex. OID) (2)
Originated Yield (3)
•
•
Notable Items
Proactive expense management driving $80M annual benefit through lower headcount ($30M restructuring cost | $0.08 EPS)
Valuation allowance release and state law change drove significant tax benefits within the quarter ($94M tax benefit | $0.31 EPS)
•
Both items are included in GAAP results, but excluded from adjusted metrics (Adjusted EPS and Core ROTCE)
Operational Highlights
Dealer
Financial
Services
Consumer &
Commercial
•
A record 3.7 million consumer auto applications driving $10.6 billion of origination volume
•
Originated yield of 10.7% with over 40% of volume originated within highest credit quality tier
.
•
•
Annualized retail auto net charge-offs of 185bps, in-line with prior quarter guidance
•
Insurance earned premiums of $324 million; highest since 2009
$153 billion of total deposits, up $7.1 billion YoY; 3.0 million customers
1.2 million active credit cardholders; integration and launch of OneAlly experience to be completed in 4Q '23
Banking(4)
•
Corporate finance floating rate HFI loans of $10.6 billion with ~100% in first lien position
(1)
Non-GAAP financial measure. See pages 35-37 for definitions.
(2)
Calculated using a Non-GAAP financial measure. See pages 35-37 for definitions.
(3)
Estimated Retail Auto Originated Yield is a forward-looking financial measure. See page 38 for details.
(4)
Consumer and Commercial Banking activity is within 'Corporate and Other' and 'Corporate Finance' businesses.
Note: Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products, a consumer credit card
business, a corporate finance business for equity sponsors and middle-market companies. Additionally, we offer securities-brokerage and investment advisory services through Ally Invest.
ally do it right.
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