Investor Presentaiton
•
Corporate Finance
Corporate Finance pre-tax income of $84 million
3Q 2023 Preliminary Results
Inc / (Dec) v.
Key Financials ($ millions)
3Q 23
2Q 23
3Q 22
Net financing revenue
$
97
$
5
$
17
24
(4)
(30)
121
1
(13)
Provision for credit losses
5
(10)
(8)
Noninterest expense (2)
32
(1)
2
Pre-tax income
$
84
$
SA
12
$
(7)
Change in fair value of equity securities (3)
(1)
$
84
$
SA
13
$ 10,749
$
559
6969
$
(7)
$
909
•
•
Net financing revenue up YoY reflecting higher average asset
balances
Continued strength in Other revenue; $33 million investment gain in
prior year period that did not repeat
Held-for-investment loans of $10.6B, up 14% YoY
High-quality, 100% floating-rate lending portfolio, comprised of 61%
asset-based loans, and ~100% in first lien position
Limited commercial real estate exposure of $1.4 billion,
entirely within healthcare industry
Other revenue
Total net revenue
Core pre-tax income (1)
Total assets (EOP)
-
Less than 1% of consolidated Ally total loans
Diversified Loan Portfolio
(as of 9/30/23)
All Other
6% Chemicals & Metals
2% Wholesale
11%
2% Construction
0% Paper & Publishing
Manufacturing
7% Auto & Transportation
7% Machinery Equipment
2% Other Manufacturing
Services
72%
17%
43% Financial Services
15% Other Services
14% Health Services
0% Food & Beverage
1% Retail Trade
(1)
Non-GAAP financial measure. See pages 35-37 for definitions.
For additional footnotes see page 39.
Held for Investment Loans
($ billions; EoP)
$10.1
$10.0
$10.1
$10.6
$9.4
3Q 22
4Q 22
1Q 23
2Q 23
3Q 23
ally do it right.
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