Ally Financial Inc. · NYSE:ALLY
Ally Financial — Q4 2025 Earnings Presentation
37 slides from Ally Financial's earnings presentation, Jan 21, 2026
Slide 1: Ally Financial Inc. 4Q 2025 Earnings Review
Ally Financial Inc. 4Q 2025 Earnings Review January 21, 2026 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com
Slide 2: Forward-Looking Statements and Additional Information
4Q 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
4Q 2025 Preliminary Results GAAP and Core Results: Quarterly Quarterly Trend ($ millions, except per share data) 4Q 25 3Q 25 2Q 25 1Q 25 4Q 24 GAAP net income (loss) attributable to common shareholders (NIAC) $ 300 $ 371 $ 324 $ (253) $ 81 Core net income attributable to common shareholders (1)(2) $
Slide 4: GAAP and Core Results: Annual
4Q 2025 Preliminary Results GAAP and Core Results: Annual Annual Trend ($ millions, except per share data) 2025 2024 2023 2022 2021 GAAP net income (loss) attributable to common shareholders (NIAC) $ 742 $ 558 $ 847 $ 1,604 $ 3,003 Core net income attributable to common shareholders (1)(2) $ 1,192 $
Slide 5: Full-Year Highlights
4Q 2025 Preliminary Results Full-Year Highlights $2.37 $1,051M 6.0% $7.9B 3.47% GAAP Net GAAP EPS GAAP Pre-tax Return on Equity NIM ex. OID(2) Revenue $3.81 $1,628M 10.4% $8.5B 10.2% Adjusted Net Adjusted EPS(1) Core Pre-tax(1) Core ROTCE(1) CET1 Revenue(1) ↑ 62% YoY ↑ 55% YoY ↑ 45% YoY ↑ 3% YoY ↑ 4
Slide 6: Market Leading Franchises
4Q 2025 Preliminary Results Market Leading Franchises Leaning into core franchises where underlying operational performance is strong Dealer Financial Services Corporate Finance Auto Finance Insurance 25-year Cycle Tested Business $43.7B 15.5M 7K 4.0M 9% 8% Consumer Consumer U.S. & Canadian Active F
Slide 7: 4Q and Full-Year 2025 Financial Results
4Q 2025 Preliminary Results 4Q and Full-Year 2025 Financial Results Consolidated Income Statement - Quarterly and Annual Results ($ millions; except per share data) 4Q 25 3Q 25 4Q 24 FY 2025 FY 2024 Net financing revenue $ 1,598 $ 1,584 $ 1,509 $ 6,176 $ 6,014 Core OID (1) 17 17 15 66 56 Net financi
Slide 8: Balance Sheet and Net Interest Margin
4Q 2025 Preliminary Results Balance Sheet and Net Interest Margin Confident in upper 3% NIM over time given structural balance sheet trends 4Q 2025 3Q 2025 4Q 2024 FY 2025 FY 2024 Average Average Average Average Average Balance Yield Balance Yield Balance Yield Balance Yield Balance Yield Retail Aut
Slide 9: Capital
4Q 2025 Preliminary Results Capital • 4Q‘25 CET1 ratio of 10.2% and TCE / TA ratio of 6.6%(1) Capital Ratios and Risk-Weighted Assets − Fully phased-in AOCI CET1 of 8.3%, ↑ 120bps YoY Total Capital 13.2% 13.4% 13.6% • $4.8B of CET1 capital above FRB requirement of 7.1% 13.2% 12.8% Ratio (Regulatory
Slide 10: Asset Quality: Key Metrics
4Q 2025 Preliminary Results Asset Quality: Key Metrics Net Charge-Offs (NCOs)(1) Retail Auto Delinquencies +13bps (15bps) (20bps) +14bps YoY YoY (36bps) (21bps) (6bps) YoY YoY YoY +11bps (24bps) (30bps) YoY 2.34% 2.12% YoY Retail Auto 5.46% 30+ DPD 2.14% YoY YoY YoY 5.25% Delinquency 1.75% 1.88% NCO
Slide 11: Auto Finance
4Q 2025 Preliminary Results Auto Finance Increase / (Decrease) vs. • Auto pre-tax income of $372 million Key Financials ($ millions) 4Q 25 3Q 25 4Q 24 • Retail portfolio yield ex. hedge of 9.27%, up 6bps QoQ Net financing revenue $ 1,310 $ (3) $ (34) – Originated yield of 9.6% remains accretive to p
Slide 12: Insurance
4Q 2025 Preliminary Results Insurance Increase / (Decrease) vs. • Insurance pre-tax income of $91 million and core pre- Key Financials ($ millions) 4Q 25 3Q 25 4Q 24 tax income of $89 million(1) Premiums, service revenue earned and other income $ 369 $ 5 $ (3) VSC losses 32 (2) (2) – $369 million of
Slide 13: Corporate Finance
4Q 2025 Preliminary Results Corporate Finance Increase / (Decrease) vs. • Corporate Finance pre-tax income of $98 million Key Financials ($ millions) 4Q 25 3Q 25 4Q 24 – QoQ increase driven by higher syndication income and portfolio Net financing revenue $ 111 $ - $ (4) Other revenue 31 6 (2) growth
Slide 14: 2026 Financial Outlook
4Q 2025 Preliminary Results 2026 Financial Outlook 2025 Actuals 2026 Guidance Net Interest Margin 3.47% 3.60% - 3.70% (ex. OID)(1) Adjusted Other $2,209M Flat - ↑ 5% YoY Revenue(1) Retail Auto NCO 1.97% 1.8% - 2.0% Consolidated NCO 1.28% 1.2% - 1.4% Adjusted Noninterest $5,041M ↑ 1% Expense(1) Avera
Slide 15: CEO Perspectives
4Q 2025 Preliminary Results CEO Perspectives Focused strategy driving meaningful progress and momentum Strategy More focused strategy clearly defined Sharpened focus on core franchises and capital priorities Foundation Strong foundation firmly in place Balance sheet, capital, and underwriting positi
Slide 16: Supplemental
Supplemental ally do it right.
Slide 17: Results By Segment
Supplemental 4Q 2025 Preliminary Results Results By Segment Results by Segment and GAAP to Core Pre-tax income Walk QUARTERLY TREND ANNUAL TREND Increase/(Decrease) vs. ($ millions) 4Q 25 3Q 25 4Q 24 2025 2024 3Q 25 4Q 24 2024 Automotive Finance $ 372 $ 421 $ 397 $ 1,640 $ 1,816 $ (49) $ (25) $ (176
Slide 18: Corporate and Other
Supplemental 4Q 2025 Preliminary Results Corporate and Other • Corporate and Other includes the impacts of Ally Invest, Corporate & Other Results Mortgage, and Credit Card in 4Q’24 ($ millions) Increase/(Decrease) vs. Key Financials 4Q 25 3Q 25 4Q 24 – Credit Card sale closed on April 1, 2025 Net fi
Slide 19: Funding and Liquidity
Supplemental 4Q 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 Cash Equivalents Unsecured Debt FHLB Unused Pledged Borrowing Capacity FHLB /
Slide 20: Interest Rate Risk
Supplemental 4Q 2025 Preliminary Results Interest Rate Risk Net Financing Revenue Sensitivity Analysis(1) ($ millions) 4Q 25 3Q 25 Gradual (2) Instantaneous Gradual (2) Instantaneous -100 bp $ (20) $ 22 $ (13) $ 24 +100 bp $ 9 $ (106) $ 3 $ (121) (1) Net financing revenue impacts reflect a rolling 1
Slide 21: Core RoTCE Methodology Change
Supplemental 4Q 2025 Preliminary Results Core RoTCE Methodology Change Simplified methodology aligns to tangible book value; no change to earnings outlook New Methodology Old Methodology Aims to provide consistency between adjusted TBV/Share Disconnected from adjusted TBV/Share (numerator) (numerato
Slide 22: Notes on Non-GAAP Financial Measures
Supplemental 4Q 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 23: Notes on Non-GAAP Financial Measures
Supplemental 4Q 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 24: Notes on Non-GAAP Financial Measures
Supplemental 4Q 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 25: Notes on Other Financial Measures
Supplemental 4Q 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 26: Additional Notes
Supplemental 4Q 2025 Preliminary Results Additional Notes Page – 6 | Market Leading Franchises (1) Estimated Retail Auto Originated Yield is a forward-looking financial measure. See page 25 for details. (2) Gross Revenue Yield expressed as gross interest income plus other revenue divided by average
Slide 27: Additional Notes
Supplemental 4Q 2025 Preliminary Results Additional Notes Page – 17 | 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 28: GAAP to Core: Adjusted EPS (Annual)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Adjusted EPS (Annual) Adjusted Earnings per Share ("Adjusted EPS") ANNUAL TREND FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 742 $ 558 $ 847 $ 1,604 $ 3,003 Discontin
Slide 29: GAAP to Core: Adjusted EPS (Quarterly)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Adjusted EPS (Quarterly) Adjusted Earnings per Share ("Adjusted EPS") QUARTERLY TREND 4Q 25 3Q 25 2Q 25 1Q 25 4Q 24 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 300 $ 371 $ 324 $ (253) $ 81 Discontinued ope
Slide 30: GAAP to Core: Core ROTCE (Annual)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Core ROTCE (Annual) Core Return on Tangible Common Equity ("Core ROTCE") ANNUAL TREND FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 742 $ 558 $ 847 $ 1,604 $ 3,003 Dis
Slide 31: GAAP to Core: Core ROTCE (Quarterly)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Core ROTCE (Quarterly) Core Return on Tangible Common Equity ("Core ROTCE") QUARTERLY TREND 4Q 25 3Q 25 2Q 25 1Q 25 4Q 24 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 300 $ 371 $ 324 $ (253) $ 81 Discontinu
Slide 32: GAAP to Core: Adjusted TBVPS (Annual)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Adjusted TBVPS (Annual) Adjusted Tangible Book Value per Share ("Adjusted TBVPS") ANNUAL TREND FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Numerator ($ billions) GAAP shareholder's equity $ 15.5 $ 13.9 $ 13.7 $ 12.9 $ 17.1 less: Preferred equity (2.
Slide 33: GAAP to Core: Adjusted TBVPS (Quarterly)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Adjusted TBVPS (Quarterly) Adjusted Tangible Book Value per Share ("Adjusted TBVPS") QUARTERLY TREND 4Q 25 3Q 25 2Q 25 1Q 25 4Q 24 Numerator ($ billions) GAAP shareholder's equity $ 15.5 $ 15.1 $ 14.5 $ 14.2 $ 13.9 less: Preferred equity (2.3) (
Slide 34: GAAP to Core: Adjusted Efficiency Ratio (Annual)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Adjusted Efficiency Ratio (Annual) Adjusted Efficiency Ratio ANNUAL TREND FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Numerator ($ millions) GAAP noninterest expense $ 5,386 $ 5,179 $ 5,163 $ 4,687 $ 4,110 Insurance expense (1,525) (1,453) (1,316) (
Slide 35: GAAP to Core: Adjusted Efficiency Ratio (Quarterly)
Supplemental 4Q 2025 Preliminary Results GAAP to Core: Adjusted Efficiency Ratio (Quarterly) Adjusted Efficiency Ratio QUARTERLY TREND 4Q 25 3Q 25 2Q 25 1Q 25 4Q 24 Numerator ($ millions) GAAP noninterest expense $ 1,250 $ 1,240 $ 1,262 $ 1,634 $ 1,360 Insurance expense (335) (374) (424) (392) (343)
Slide 36: Non-GAAP Reconciliations (Annual)
Supplemental 4Q 2025 Preliminary Results Non-GAAP Reconciliations (Annual) ($ millions) ANNUAL TREND Net Financing Revenue (ex. Core OID) FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 GAAP Net Financing Revenue $ 6,176 $ 6,014 $ 6,221 $ 6,850 $ 6,167 Core OID 66 56 48 42 38 Net Financing Revenue (ex. Core
Slide 37: Non-GAAP Reconciliations (Quarterly)
Supplemental 4Q 2025 Preliminary Results Non-GAAP Reconciliations (Quarterly) ($ millions) QUARTERLY TREND Net Financing Revenue (ex. Core OID) 4Q 25 3Q 25 2Q 25 1Q 25 4Q 24 GAAP Net Financing Revenue $ 1,598 $ 1,584 $ 1,516 $ 1,478 $ 1,509 Core OID 17 17 16 16 15 Net Financing Revenue (ex. Core OID