Ally Financial Inc. · NYSE:ALLY
Ally Financial — Q3 2026 Earnings Presentation
29 slides from Ally Financial's earnings presentation, Oct 20, 2026
Slide 1: Ally Financial 3Q 2026 Earnings Review
Ally Financial 3Q 2026 Earnings Review October 20, 2026 Contact Ally Investor Relations at (866) 710-4623 or [email protected]
Slide 2: Forward-Looking Statements and Additional Information
3Q 2026 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 2026 Preliminary Results GAAP and Core Results: Quarterly Quarterly Trend ($ millions; except per share data) 3Q 26 2Q 26 1Q 26 4Q 25 3Q 25 GAAP net income (loss) attributable to common shareholders (NIAC) $ 401 $ 367 $ 291 $ 300 $ 371 Core net income attributable to common shareholders (1)(2) $
Slide 4: Quarterly Highlights
3Q 2026 Preliminary Results Quarterly Highlights Focused Strategy, Stronger Results GAAP Net GAAP EPS GAAP Pre-Tax Return on Equity NIM ex. OID(2) Revenue $1.30 $567 12.1% $2.3B 3.66% Adjusted Net Adjusted EPS(1) Core Pre-Tax(1) Core ROTCE(1) CET1 Revenue(1) $1.34 $581 13.1% $2.3B 10.2% ↑ 16% YoY ↑
Slide 5: Market Leading Franchises
3Q 2026 Preliminary Results Market Leading Franchises Dealer Financial Services Corporate Finance Auto Finance Insurance 25+ Year History $12.9B 4.8M 7K 4.1M 8.1% 22% Consumer Consumer U.S. & Canadian Active F&I and Gross Revenue Return on Originations Applications Dealer Relationships P&C Policies
Slide 6: Consolidated Income Statement - Quarterly Results
3Q 2026 Preliminary Results 3Q 2026 Financial Results Consolidated Income Statement - Quarterly Results Increase / (Decrease) vs. ($ millions; except per share data) 3Q 26 2Q 26 3Q 25 2Q 26 3Q 25 Net financing revenue $ 1,748 $ 1,684 $ 1,584 $ 64 $ 164 Core OID (1) 20 19 17 1 3 Net financing revenue
Slide 7: Balance Sheet and Net Interest Margin
3Q 2026 Preliminary Results Balance Sheet and Net Interest Margin Further margin expansion fueled by accretive growth and disciplined deposit pricing 3Q 2026 2Q 2026 3Q 2025 Average Average Average Balance Yield Balance Yield Balance Yield Retail Auto Loans (ex. hedge) $ 89,874 9.20% $ 87,535 9.25%
Slide 8: Capital
3Q 2026 Preliminary Results Capital • 3Q‘26 CET1 ratio of 10.2% and TCE / TA ratio of 6.3%(1) Capital Ratios and Risk-Weighted Assets – Preliminary fully phased-in AOCI CET1 ratio of 8.8% under Revised Standardized Approach (RSA) 13.4% 13.6% 13.4% 13.2% 13.2% Total Capital Ratio • $4.9B of CET1 capi
Slide 9: Asset Quality
3Q 2026 Preliminary Results Asset Quality Net Charge-Offs (NCOs)(1) Retail Auto Delinquencies (20bps) (21bps) (36bps) (15bps) +1bps YoY (18bps) (30bps) YoY +6bps YoY YoY YoY (8bps) YoY YoY (17bps) YoY 2.14% 1.97% Retail Auto 5.25% YoY 30+ DPD 1.88% 1.89% NCO Rate YoY 1.57% 4.90% 4.80% 4.96% Delinque
Slide 10: Auto Finance
3Q 2026 Preliminary Results Auto Finance Increase / (Decrease) vs. • Auto pre-tax income of $337 million Key Financials ($ millions) 3Q 26 2Q 26 3Q 25 • Consumer originations of $12.9 billion, up $1.2 billion YoY Net financing revenue $ 1,328 $ 12 $ 15 driven by record 4.8 million applications Total
Slide 11: Insurance
3Q 2026 Preliminary Results Insurance Increase / (Decrease) vs. • Insurance pre-tax income of $80 million and core pre-tax Key Financials ($ millions) 3Q 26 2Q 26 3Q 25 income of $75 million(1) Premiums, service revenue earned and other income $ 369 $ (4) $ 5 VSC losses 28 (2) (6) – $369 million of
Slide 12: Corporate Finance
3Q 2026 Preliminary Results Corporate Finance • Corporate Finance pre-tax income of $98 million – Provision expense of $20 million primarily driven by portfolio growth Increase / (Decrease) vs. Key Financials ($ millions) 3Q 26 2Q 26 3Q 25 • Business continues to deliver strong returns; 3Q ROE of 22
Slide 13: 2026 Financial Outlook
3Q 2026 Preliminary Results 2026 Financial Outlook Revised outlook reflects confidence in achieving or exceeding 2026 targets 2026 Guidance Net Interest Margin 3.60% - 3.65% (ex. OID)(1) 9.30 fwd curve Adjusted Other ↑ 2% - 4% Revenue(1) Retail Auto NCO 1.8% – 2.0% Tracking toward midpoint Consolida
Slide 14: Supplemental
3Q 2026 Preliminary Results Supplemental
Slide 15: Results by Segment
Supplemental 3Q 2026 Preliminary Results Results by Segment Results by Segment and GAAP to Core Pre-tax income Walk QUARTERLY TREND Increase / (Decrease) vs. ($ millions) 3Q 26 2Q 26 3Q 25 2Q 26 3Q 25 Automotive Finance $ 337 $ 410 $ 421 $ (73) $ (84) Insurance 80 53 79 27 1 Dealer Financial Service
Slide 16: Corporate and Other
Supplemental 3Q 2026 Preliminary Results Corporate and Other ($ millions) Increase / (Decrease) vs. • Corporate and Other includes the impacts of Ally Invest and Key Financials 3Q 26 2Q 26 3Q 25 Mortgage Net financing revenue $ 256 $ 42 $ 129 Total other revenue 36 16 (7) • Pre-tax income of $52 mil
Slide 17: Funding and Liquidity
Supplemental 3Q 2026 Preliminary Results Funding and Liquidity Funding Composition Total Available Liquidity (End of Period) ($ billions) Secured Debt Cash and Cash Equivalents Unsecured Debt FHLB Unused Pledged Borrowing Capacity FHLB / Other Unencumbered Highly Liquid Securities Total Deposits FRB
Slide 18: Interest Rate Risk
Supplemental 3Q 2026 Preliminary Results Interest Rate Risk Net Financing Revenue Sensitivity Analysis(1) ($ millions) 3Q 26 2Q 26 (2) (2) Gradual Instantaneous Gradual Instantaneous -100 bp $ 3 $ 72 $ 3 $ 86 +100 bp $ (6) $ (139) $ (10) $ (149) (1) Net financing revenue impacts reflect a rolling 12
Slide 19: Notes on Non-GAAP Financial Measures
Supplemental 3Q 2026 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 20: Notes on Non-GAAP Financial Measures
Supplemental 3Q 2026 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 21: Notes on Non-GAAP Financial Measures
Supplemental 3Q 2026 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 22: Notes on Other Financial Measures
Supplemental 3Q 2026 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 23: Additional Notes
Supplemental 3Q 2026 Preliminary Results Additional Notes Page – 5 | Market Leading Franchises (1) Estimated Retail Auto Originated Yield is a forward-looking financial measure. See page 22 for details. (2) Gross Revenue Yield expressed as gross interest income plus other revenue divided by average
Slide 24: Additional Notes
Supplemental 3Q 2026 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 25: GAAP to Core: Adjusted EPS
Supplemental 3Q 2026 Preliminary Results GAAP to Core: Adjusted EPS Adjusted Earnings per Share ("Adjusted EPS") QUARTERLY TREND 3Q 26 2Q 26 1Q 26 4Q 25 3Q 25 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 401 $ 367 $ 291 $ 300 $ 371 Discontinued operations, net
Slide 26: GAAP to Core: Core ROTCE
Supplemental 3Q 2026 Preliminary Results GAAP to Core: Core ROTCE Core Return on Tangible Common Equity ("Core ROTCE") QUARTERLY TREND 3Q 26 2Q 26 1Q 26 4Q 25 3Q 25 Numerator ($ millions) GAAP net income (loss) attributable to common shareholders $ 401 $ 367 $ 291 $ 300 $ 371 Discontinued operations
Slide 27: GAAP to Core: Adjusted TBVPS
Supplemental 3Q 2026 Preliminary Results GAAP to Core: Adjusted TBVPS Adjusted Tangible Book Value per Share ("Adjusted TBVPS") QUARTERLY TREND 3Q 26 2Q 26 1Q 26 4Q 25 3Q 25 Numerator ($ billions) GAAP shareholders' equity $ 15.0 $ 15.5 $ 15.6 $ 15.5 $ 15.1 less: Preferred equity (2.0) (2.0) (2.3) (
Slide 28: GAAP to Core: Adjusted Efficiency Ratio
Supplemental 3Q 2026 Preliminary Results GAAP to Core: Adjusted Efficiency Ratio Adjusted Efficiency Ratio QUARTERLY TREND 3Q 26 2Q 26 1Q 26 4Q 25 3Q 25 Numerator ($ millions) GAAP noninterest expense $ 1,236 $ 1,319 $ 1,235 $ 1,250 $ 1,240 Insurance expense (365) (434) (350) (335) (374) Repositioni
Slide 29: Non-GAAP Reconciliations
Supplemental 3Q 2026 Preliminary Results Non-GAAP Reconciliations QUARTERLY TREND Net Financing Revenue (ex. Core OID) 3Q 26 2Q 26 1Q 26 4Q 25 3Q 25 GAAP Net Financing Revenue $ 1,748 $ 1,684 $ 1,589 $ 1,598 $ 1,584 Core OID 20 19 18 17 17 Net Financing Revenue (ex. Core OID) [a] $ 1,768 $ 1,703 $ 1