Ally Financial Inc. · NYSE:ALLY
Ally Financial — Q3 2025 Earnings Presentation
30 slides from Ally Financial's earnings presentation, Oct 17, 2025
Slide 1: Ally Financial Inc. 3Q 2025 Earnings Review
Ally Financial Inc. 3Q 2025 Earnings Review October 17, 2025 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com
Slide 2: Forward-Looking Statements and Additional Information
3Q 2025 Preliminary Results Forward-Looking Statements and Additional Information This presentation and related communications should be read in conjunction with the financial statements, notes, and other information contained in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and C
Slide 3: GAAP and Core Results: Quarterly
3Q 2025 Preliminary Results GAAP and Core Results: Quarterly Quarterly Trend ($ millions, except per share data) 3Q 25 2Q 25 1Q 25 4Q 24 3Q 24 GAAP net income (loss) attributable to common shareholders (NIAC) $ 371 $ 324 $ (253) $ 81 $ 171 Core net income attributable to common shareholders (1)(2) $
Slide 4: Quarterly Highlights
3Q 2025 Preliminary Results Quarterly Highlights Disciplined execution translating into tangible results $1.18 $513M 11.9% $2.2B 3.55% GAAP Net GAAP EPS GAAP Pre-tax Return on Equity NIM ex. OID(2) Revenue $1.15 $502M 15.3% $2.2B 10.1% Adjusted Net Adjusted EPS(1) Core Pre-tax(1) Core ROTCE(1) CET1
Slide 5: Market Leading Franchises
3Q 2025 Preliminary Results Market Leading Franchises Underlying operational fundamentals in core franchises remain strong Dealer Financial Services Corporate Finance Auto Finance Insurance 25-year Cycle Tested Business $11.7B 4.0M 7K 4.0M 9% 10% Consumer Consumer U.S. & Canadian Active F&I and Gros
Slide 6: 3Q 2025 Financial Results
3Q 2025 Preliminary Results 3Q 2025 Financial Results Consolidated Income Statement - Quarterly Results Increase / (Decrease) vs. ($ millions; except per share data) 3Q 25 2Q 25 3Q 24 2Q 25 3Q 24 Net financing revenue $ 1,584 $ 1,516 $ 1,520 $ 68 $ 64 Core OID (1) 17 16 14 1 2 Net financing revenue
Slide 7: Balance Sheet and Net Interest Margin
3Q 2025 Preliminary Results Balance Sheet and Net Interest Margin NIM of 3.55% reflects structural momentum of the balance sheet and supports full-year NIM between 3.45%-3.50% 3Q 2025 2Q 2025 3Q 2024 Average Average Average Balance Yield Balance Yield Balance Yield Retail Auto Loans (ex. hedge) $ 84
Slide 8: Capital
3Q 2025 Preliminary Results Capital • 3Q‘25 CET1 ratio of 10.1% and TCE / TA ratio of 6.6%(1) Capital Ratios and Risk-Weighted Assets ($ billions) − Fully phased-in AOCI CET1 of 8.0% Total Capital • $4.5B of CET1 capital above FRB requirement of 7.1% 13.2% 13.2% 13.4% 12.9% 12.8% Ratio (Regulatory M
Slide 9: Asset Quality: Key Metrics
3Q 2025 Preliminary Results Asset Quality: Key Metrics Retail auto vintage credit disclosure can be found in the appendix on page 19 Net Charge-Offs (NCOs)(1) Retail Auto Delinquencies +39bps +13bps (15bps) +14bps YoY YoY YoY (36bps) +52bps YoY (6bps) (30bps) YoY YoY (24bps) 2.24% 2.34% 2.12% YoY 5.
Slide 10: Auto Finance
3Q 2025 Preliminary Results Auto Finance Increase / (Decrease) vs. • Auto pre-tax income of $421 million Key Financials ($ millions) 3Q 25 2Q 25 3Q 24 – Pre-tax income up YoY, primarily driven by lower provision Net financing revenue $ 1,313 $ 19 $ (54) expense Total other revenue 96 (1) 11 • Retail
Slide 11: Insurance
3Q 2025 Preliminary Results Insurance Increase / (Decrease) vs. • Insurance pre-tax income of $79 million and core pre- Key Financials ($ millions) 3Q 25 2Q 25 3Q 24 tax income of $52 million(1) Premiums, service revenue earned and other income $ 364 $ 1 $ 2 VSC losses 34 (1) (2) – $364 million of e
Slide 12: Corporate Finance
3Q 2025 Preliminary Results Corporate Finance Increase / (Decrease) vs. • Corporate Finance pre-tax income of $95 million Key Financials ($ millions) 3Q 25 2Q 25 3Q 24 Net financing revenue $ 111 $ 3 $ 2 – Net financing revenue of $111 million, up QoQ and YoY Other revenue 25 6 (12) – Other revenue
Slide 13: 2025 Financial Outlook
3Q 2025 Preliminary Results 2025 Financial Outlook Current Guidance July Guidance January Guidance(3) Net Interest Margin 3.45% - 3.50% 3.40% - 3.50% 3.40% - 3.50% (ex. OID)(1) 4Q NIM relatively flat QoQ Adjusted Other Flat YoY Flat YoY Flat YoY Revenue(1) Retail Auto NCO ~2.0% 2.00% - 2.15% 2.00% -
Slide 14: Supplemental
Supplemental ally do it right.
Slide 15: Results By Segment
Supplemental 3Q 2025 Preliminary Results Results By Segment Results by Segment and GAAP to Core Pre-tax income Walk QUARTERLY TREND Increase/(Decrease) vs. ($ millions) 3Q 25 2Q 25 3Q 24 2Q 25 3Q 24 Automotive Finance $ 421 $ 472 $ 355 $ (51) $ 66 Insurance 79 28 102 51 (23) Dealer Financial Service
Slide 16: Corporate and Other
Supplemental 3Q 2025 Preliminary Results Corporate and Other • Corporate and Other includes the impacts of Ally Invest, Corporate & Other Results Mortgage, and Credit Card in 3Q’24 ($ millions) Increase/(Decrease) vs. Key Financials 3Q 25 2Q 25 3Q 24 – Credit Card sale closed on April 1, 2025 Net fi
Slide 17: Funding and Liquidity
Supplemental 3Q 2025 Preliminary Results Funding and Liquidity Core funded with stable deposits and strong liquidity position Funding Composition Total Available Liquidity (End of Period) ($ billions) Secured Debt Cash and Equivalents Unsecured Debt FHLB Unused Pledged Borrowing Capacity FHLB / Othe
Slide 18: Interest Rate Risk
Supplemental 3Q 2025 Preliminary Results Interest Rate Risk Net Financing Revenue Sensitivity Analysis(1) ($ millions) 3Q 25 2Q 25 Gradual (2) Instantaneous Gradual (2) Instantaneous -100 bp $ (13) $ 24 $ (20) $ 53 +100 bp $ 3 $ (121) $ (2) $ (135) Stable rate environment n/m $ (95) n/m $ 7 (1) Net
Slide 19: Supplemental Earnings Detail
Supplemental 3Q 2025 Preliminary Results Supplemental Earnings Detail Retail Auto - EOP 30+ Day DQs by Vintage(1) 2025 | 2024 | 2023 | 2022 6.00% 4.42% 3.93% 5.25% MO. 33 1.66% 3.20% MO. 21 1.32% MO. 9 Months on Book (1) Includes accruing contracts only. Historical Savings Pricing Historical Referen
Slide 20: Notes on Non-GAAP Financial Measures
Supplemental 3Q 2025 Preliminary Results Notes on Non-GAAP Financial Measures The following are non-GAAP financial measures which Ally believes are important to the reader of the Consolidated Financial Statements, but which are supplemental to and not a substitute for GAAP measures: Accelerated issu
Slide 21: Notes on Non-GAAP Financial Measures
Supplemental 3Q 2025 Preliminary Results Notes on Non-GAAP Financial Measures 7) Adjusted tangible book value per share (Adjusted TBVPS) is a non-GAAP financial measure that reflects the book value of equity attributable to shareholders even if Core OID balance were accelerated immediately through t
Slide 22: Notes on Non-GAAP Financial Measures
Supplemental 3Q 2025 Preliminary Results Notes on Non-GAAP Financial Measures 13) Core return on tangible common equity (Core ROTCE) is a non-GAAP financial measure that management believes is helpful for readers to better understand the ongoing ability of the company to generate returns on its equi
Slide 23: Notes on Other Financial Measures
Supplemental 3Q 2025 Preliminary Results Notes on Other Financial Measures 1) Change in fair value of equity securities impacts the Insurance, Corporate Finance and Corporate and Other segments. The change reflects fair value adjustments to equity securities that are reported at fair value. Manageme
Slide 24: Additional Notes
Supplemental 3Q 2025 Preliminary Results Additional Notes Page – 5 | Market Leading Franchises (1) Estimated Retail Auto Originated Yield is a forward-looking financial measure. See page 23 for details. (2) Gross Revenue Yield expressed as gross interest income plus other revenue divided by average
Slide 25: Additional Notes
Supplemental 3Q 2025 Preliminary Results Additional Notes Page – 15 | Results by Segment (2) Change in fair value of equity securities impacts the Insurance, Corporate Finance and Corporate and Other segments. The change reflects fair value adjustments to equity securities that are reported at fair
Slide 26: GAAP to Core: Adjusted EPS
Supplemental 3Q 2025 Preliminary Results GAAP to Core: Adjusted EPS Adjusted Earnings per Share ("Adjusted EPS") QUARTERLY TREND 3Q 25 2Q 25 1Q 25 4Q 24 3Q 24 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 371 $ 324 $ (253) $ 81 $ 171 Discontinued operations, net
Slide 27: GAAP to Core: Core ROTCE
Supplemental 3Q 2025 Preliminary Results GAAP to Core: Core ROTCE Core Return on Tangible Common Equity ("Core ROTCE") QUARTERLY TREND 3Q 25 2Q 25 1Q 25 4Q 24 3Q 24 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 371 $ 324 $ (253) $ 81 $ 171 Discontinued operation
Slide 28: GAAP to Core: Adjusted TBVPS
Supplemental 3Q 2025 Preliminary Results GAAP to Core: Adjusted TBVPS Adjusted Tangible Book Value per Share ("Adjusted TBVPS") QUARTERLY TREND 3Q 25 2Q 25 1Q 25 4Q 24 3Q 24 Numerator ($ billions) GAAP shareholder's equity $ 15.1 $ 14.5 $ 14.2 $ 13.9 $ 14.4 less: Preferred equity (2.3) (2.3) (2.3) (
Slide 29: GAAP to Core: Adjusted Efficiency Ratio
Supplemental 3Q 2025 Preliminary Results GAAP to Core: Adjusted Efficiency Ratio Adjusted Efficiency Ratio QUARTERLY TREND 3Q 25 2Q 25 1Q 25 4Q 24 3Q 24 Numerator ($ millions) GAAP noninterest expense $ 1,240 $ 1,262 $ 1,634 $ 1,360 $ 1,225 Insurance expense (374) (424) (392) (343) (365) Repositioni
Slide 30: Non-GAAP Reconciliations
Supplemental 3Q 2025 Preliminary Results Non-GAAP Reconciliations ($ millions) QUARTERLY TREND Net Financing Revenue (ex. Core OID) 3Q 25 2Q 25 1Q 25 4Q 24 3Q 24 GAAP Net Financing Revenue $ 1,584 $ 1,516 $ 1,478 $ 1,509 $ 1,520 Core OID 17 16 16 15 14 Net Financing Revenue (ex. Core OID) [a] $ 1,60