Ally Financial Inc

Common Name

Ally Financial

Country

United States

Sector

Financial Services

Industry

Credit Services

Employees

10,700

Ticker

ALLY

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.ally.com

Description

Ally Financial Inc. is a leading digital financial services company that primarily focuses on automotive financing and banking services. With its origins dating back to 1919 as an auto financing divis... Show more

Financial Statements of Ally Financial

Below are the financial statements of Ally Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Financing revenue and other interest income	—	—	—
Interest and fees on finance receivables and loans	11,394^a	11,020^a	8,099^a
Interest on loans held-for-sale	50^a	34^a	31^a
Interest and dividends on investment securities and other earning assets	1,037^a	1,022^a	841^a
Interest on cash and cash equivalents	386^a	332^a	54^a
Operating leases	1,355^a	1,550^a	1,596^a
Total financing revenue and other interest income	14,222^a	13,958^a	10,621^a
Interest expense	—	—	—
Interest on deposits	-6,388^a	-5,819^a	-1,987^a
Interest on short-term borrowings	-66^a	-73^a	-107^a
Interest on long-term debt	-1,017^a	-1,001^a	-763^a
Interest on other	-1^a	-4^a	0^a
Total interest expense	-7,472^a	-6,897^a	-2,857^a
Net depreciation expense on operating lease assets	-736^a	-840^a	-914^a
Net financing revenue and other interest income	6,014^a	6,221^a	6,850^a
Other revenue	—	—	—
Insurance premiums and service revenue earned	1,413^a	1,271^a	1,151^a
Gain on mortgage and automotive loans, net	24^a	16^a	52^a
Other gain (loss) on investments, net	72^a	144^a	-120^a
Other income, net of losses	658^a	582^a	495^a
Total other revenue	2,167^a	2,013^a	1,578^a
Total net revenue	8,181^a	8,234^a	8,428^a
Provision for credit losses	-2,166^a	-1,968^a	-1,399^a
Noninterest expense	—	—	—
Compensation and benefits expense	-1,842^a	-1,901^a	-1,900^a
Insurance losses and loss adjustment expenses	-544^a	-422^a	-280^a
Goodwill impairment	-118^a	-149^a	0^a
Other operating expenses	-2,675^a	-2,691^a	-2,507^a
Total noninterest expense	-5,179^a	-5,163^a	-4,687^a
Income from continuing operations before income tax expense	836^a	1,103^a	2,342^a
Income tax expense from continuing operations	-167^a	-144^a	-627^a
Net income from continuing operations	669^a	959^a	1,715^a
Loss from discontinued operations, net of tax	-1^a	-2^a	-1^a
Net income	668^a	957^a	1,714^a

Verified Sources Behind Ally Financial’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ally Financial’s data sources below and access millions more through our Disclosure Search.

a. Ally Financial's 10-K 2024

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Ally Financial Inc

Financial Statements of Ally Financial

Verified Sources Behind Ally Financial’s Financial Fundamentals Data

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