Ally Financial : Q1 2026 Ally Financial Inc. Earnings Financial Supplement

Published: 2026-04-17 07:28:18 ET ALLY

Published on 04/17/2026 at 07:28 am EDT

Consolidated Financial Highlights 4

Consolidated Income Statement 5

Consolidated Period-End Balance Sheet 6

Consolidated Average Balance Sheet 7

Segment Highlights 8

Automotive Finance 9-10

Insurance 11

Corporate Finance 12

Corporate and Other 13

Capital 16

Liquidity and Deposits 17

Net Interest Margin 18

Earnings Per Share Related Information 19

Adjusted Tangible Book Per Share Related Information 20

Core ROTCE Related Information 21

Adjusted Efficiency Ratio Related Information 22

ALLY FINANCIAL INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS

($ in millions, shares in thousands) QUARTERLY TRENDS CHANGE VS.

Selected Income Statement Data

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Net financing revenue

$ 1,589

$ 1,598

$ 1,584

$ 1,516

$ 1,478

$ (9)

$ 111

Core OID (1)

Net financing revenue (excluding Core OID) (1)

1,607

1,615

1,601

1,532

1,494

(8)

114

Other revenue

513

525

584

566

(12)

450

Repositioning (2)

495

(26)

(495)

Change in fair value of equity securities (2)

(2)

(27)

(35)

Adjusted other revenue (1)

572

550

557

531

571

Provision for credit losses

467

487

415

384

191

(20)

276

Repositioning (2)

(1)

306

(299)

Adjusted provision for credit losses (1)

474

486

415

384

497

(12)

(23)

Total noninterest expense (3)

1,235

1,250

1,240

1,262

1,634

(15)

(399)

Repositioning (2)

(31)

(314)

314

Noninterest expense (ex. repositioning) (1)

1,235

1,219

1,240

1,262

1,320

(85)

Pre-tax income (loss) from continuing operations

400

386

513

436

(284)

684

Income tax expense (benefit)

115

(59)

140

Net Income (Loss)

319

327

398

352

(225)

(8)

544

Preferred Dividends

Net income (loss) attributable to common shareholders

$ 291

$ 300

$ 371

$ 324

$ (253)

$ (9)

$ 544

Selected Balance Sheet Data (Period-End)

Total assets

$ 197,269

$ 196,002

$ 191,711

$ 189,473

$ 193,331

$ 1,267

$ 3,938

Consumer loans

101,973

101,140

101,247

100,953

100,831

833

1,142

Commercial loans

37,917

36,314

33,320

32,276

32,654

1,603

5,263

Allowance for loan losses

(3,540)

(3,490)

(3,460)

(3,416)

(3,398)

(50)

(142)

Deposits

153,152

151,649

148,410

147,866

151,428

1,503

1,724

Total equity

15,609

15,498

15,117

14,547

14,232

111

1,377

Common Share Count

Weighted average basic (4)

310,992

310,792

310,342

309,895

309,006

200

1,985

Weighted average diluted (4)

313,219

314,264

313,823

312,434

309,006

(1,045)

4,213

Issued shares outstanding (period-end)

307,408

308,493

307,828

307,787

307,152

(1,085)

255

Per Common Share Data

Earnings per share (basic) (4)

$ 0.94

$ 0.97

$ 1.19

$ 1.05

$ (0.82)

$ (0.03)

$ 1.75

Earnings per share (diluted) (4)

0.93

0.95

1.18

1.04

(0.82)

(0.03)

1.75

Adjusted earnings per share (1)

1.11

1.09

1.15

0.99

0.58

0.02

0.52

Book value per share

43.22

42.70

41.56

39.71

38.77

0.51

4.45

Tangible book value per share

42.61

42.10

40.95

39.10

37.81

0.51

4.80

Adjusted tangible book value per share (1)

40.93

40.38

39.19

37.30

35.95

0.55

4.98

Select Financial Ratios

Net interest margin

3.48%

3.51%

3.41%

3.31%

Net interest margin (ex. Core OID) (1)

3.52%

3.51%

3.55%

3.45%

3.35%

Cost of funds

3.60%

3.69%

3.80%

3.88%

4.05%

Cost of funds (ex. Core OID) (1)

3.55%

3.63%

3.74%

3.82%

3.99%

Efficiency Ratio

58.8%

58.9%

57.2%

60.6%

106.0%

Adjusted efficiency ratio (1)

50.8%

50.0%

50.9%

56.0%

Return on average assets

0.6%

0.8%

0.7%

(0.5)%

Return on average total equity

7.5%

7.8%

10.0%

9.0%

(7.2)%

Return on average tangible common equity

8.9%

9.4%

12.0%

11.0%

(9.0)%

Core ROTCE (1)

Capital Ratios

11.1%

12.3%

11.0%

6.7%

Common Equity Tier 1 (CET1) capital ratio

10.1%

10.2%

10.1%

9.9%

9.5%

Tier 1 capital ratio

11.5%

11.7%

11.6%

11.4%

11.0%

Total capital ratio

13.4%

13.6%

13.4%

13.2%

12.8%

Tier 1 leverage ratio

9.2%

9.1%

8.7%

Represents a non-GAAP financial measure. For more details refer to pages 19-24.

For more details refer to pages 23-24.

Including but not limited to employee related expenses, commissions and provision for losses and loss adjustment expense related to the insurance business, information technology expenses, servicing expenses, facilities expenses, marketing expenses, and other professional and legal expenses.

Due to the antidilutive effect of the net loss attributable to common shareholders for the first quarter 2025, basic weighted average common shares outstanding were used to calculate diluted earnings per share.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Financing revenue and other interest income

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Interest and fees on finance receivables and loans

$ 2,658

$ 2,690

$ 2,674

$ 2,624

$ 2,709

$ (32)

$ (51)

Interest on loans held-for-sale

Total interest and dividends on investment securities

223

234

241

239

221

(11)

Interest-bearing cash

(7)

(17)

Other earning assets

Operating leases

392

387

365

352

351

Total financing revenue and other interest income

3,374

3,416

3,387

3,325

3,393

(42)

(19)

Interest expense

Interest on deposits

1,233

1,268

1,302

1,329

1,403

(35)

(170)

Interest on short-term borrowings

Interest on long-term debt

265

274

265

258

271

(9)

(6)

Interest on other

(2)

Total interest expense

1,517

1,562

1,578

1,593

1,675

(45)

(158)

Depreciation expense on operating lease assets

268

256

225

216

240

Net financing revenue

$ 1,589

$ 1,598

$ 1,584

$ 1,516

$ 1,478

$ (9)

$ 111

Other revenue

Insurance premiums and service revenue earned

360

366

361

359

364

(6)

(4)

Gain / (loss) on mortgage and automotive loans, net

(3)

(29)

(3)

(4)

Other gain / (loss) on investments, net

(21)

(499)

(42)

478

Other income, net of losses

177

167

170

150

197

(20)

Total other revenue

513

525

584

566

(12)

450

Total net revenue

2,102

2,123

2,168

2,082

1,541

(21)

561

Provision for loan losses

467

487

415

384

191

(20)

276

Noninterest expense

Compensation and benefits expense

491

475

447

430

505

(14)

Insurance losses and loss adjustment expenses

121

111

141

203

161

(40)

Goodwill impairment

305

(305)

Other operating expenses

623

664

652

629

663

(41)

(40)

Total noninterest expense

1,235

1,250

1,240

1,262

1,634

(15)

(399)

Pre-tax income (loss) from continuing operations

$ 400

$ 386

$ 513

$ 436

$ (284)

$ 14

$ 684

Income tax (benefit) / expense from continuing operations

115

(59)

140

Net income (loss) from continuing operations

319

327

398

352

(225)

(8)

544

Loss from discontinued operations, net of tax

Net income (loss)

$ 319

$ 327

$ 398

$ 352

$ (225)

$ (8)

$ 544

Preferred Dividends

Net income (loss) available to common shareholders

$ 291

$ 300

$ 371

$ 324

$ (253)

$ (9)

$ 544

Core pre-tax Income walk

Net financing revenue

$ 1,589

$ 1,598

$ 1,584

$ 1,516

$ 1,478

$ (9)

$ 111

Other revenue

513

525

584

566

(12)

450

Provision for credit losses

467

487

415

384

191

(20)

276

Total noninterest expense

1,235

1,250

1,240

1,262

1,634

(15)

(399)

Pre-tax income (loss) from continuing operations

$ 400

$ 386

$ 513

$ 436

$ (284)

$ 14

$ 684

Core OID (1)

Change in the fair value of equity securities (2)

(2)

(27)

(35)

Repositioning (2)

(7)

503

(66)

(510)

Core pre-tax income (1)

$ 470

$ 461

$ 502

$ 418

$ 247

$ 9

$ 223

Represents a non-GAAP financial measure. For more details refer to pages 19-24.

For more details refer to pages 23-24.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Assets

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Cash and cash equivalents

Noninterest-bearing

$ 380

$ 405

$ 429

$ 530

$ 543

$ (25)

$ (163)

Interest-bearing

9,138

9,625

9,817

10,062

9,866

(487)

(728)

Total cash and cash equivalents

9,518

10,030

10,246

10,592

10,409

(512)

(891)

Investment securities (1)

28,238

28,220

27,982

27,896

27,956

282

Loans held-for-sale, net

337

549

179

185

209

(212)

128

Finance receivables and loans, net

139,890

137,454

134,567

133,229

133,485

2,436

6,405

Allowance for loan losses

(3,540)

(3,490)

(3,460)

(3,416)

(3,398)

(50)

(142)

Total finance receivables and loans, net

136,350

133,964

131,107

129,813

130,087

2,386

6,263

Investment in operating leases, net

8,699

8,772

8,599

7,992

7,879

(73)

820

Premiums receivable and other insurance assets

2,817

2,844

2,903

2,893

2,806

(27)

Other assets

11,310

11,623

10,695

10,102

11,545

(313)

(235)

Assets of operations held-for-sale (2)

2,440

(2,440)

Total assets

$ 197,269

$ 196,002

$ 191,711

$ 189,473

$ 193,331

$ 1,267

$ 3,938

Liabilities

Deposit liabilities

Noninterest-bearing

$ 137

$ 125

$ 174

$ 155

$ 133

$ 12

$ 4

Interest-bearing

153,015

151,524

148,236

147,711

151,295

1,491

1,720

Total deposit liabilities

153,152

151,649

148,410

147,866

151,428

1,503

1,724

Short-term borrowings

4,126

4,695

3,879

3,856

3,339

(569)

787

Long-term debt

17,349

17,070

16,749

15,876

16,465

279

884

Interest payable

852

729

1,097

912

954

123

(102)

Unearned insurance premiums and service revenue

3,665

3,656

3,648

3,627

3,563

102

Accrued expense and other liabilities

2,516

2,705

2,811

2,789

3,315

(189)

(799)

Liabilities of operations held-for-sale

(35)

Total liabilities

$ 181,660

$ 180,504

$ 176,594

$ 174,926

$ 179,099

$ 1,156

$ 2,561

Equity

Common stock and paid-in capital (3)

$ 15,231

$ 15,327

$ 15,310

$ 15,291

$ 15,248

$ (96)

$ (17)

Preferred stock

2,324

Retained earnings (accumulated deficit)

827

633

427

151

(78)

194

905

Accumulated other comprehensive loss

(2,773)

(2,786)

(2,944)

(3,219)

(3,262)

489

Total equity

15,609

15,498

15,117

14,547

14,232

111

1,377

Total liabilities and equity

$ 197,269

$ 196,002

$ 191,711

$ 189,473

$ 193,331

$ 1,267

$ 3,938

Includes Held-to-maturity securities.

Credit Card moved to Assets of Operations Held-For-Sale (HFS) on 03/31/25. Sale of Credit Card closed on 04/01/25.

Includes Treasury stock.

Note: Numbers may not foot due to rounding.

ALLY FINANCIAL INC.

CONSOLIDATED AVERAGE BALANCE SHEET (1)

($ in millions) QUARTERLY TRENDS CHANGE VS.

Assets

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Interest-bearing cash and cash equivalents

$ 9,100

$ 8,983

$ 8,465

$ 8,888

$ 9,345

$ 117

$ (245)

Investment securities and other earning assets

28,954

28,846

28,450

28,359

28,435

108

519

Loans held-for-sale, net

415

181

141

135

166

234

249

Total finance receivables and loans, net (2) (5)

137,797

135,674

133,419

132,762

135,178

2,123

2,619

Investment in operating leases, net

8,805

8,753

8,255

7,919

7,955

850

Total interest earning assets

185,071

182,437

178,730

178,063

181,079

2,634

3,992

Noninterest-bearing cash and cash equivalents

286

266

251

874

279

Other assets

11,510

11,654

11,699

11,367

12,078

(144)

(568)

Allowance for loan losses

(3,501)

(3,460)

(3,437)

(3,397)

(3,708)

(41)

207

Total assets

$ 193,366

$ 190,897

$ 187,243

$ 186,907

$ 189,728

$ 2,469

$ 3,638

Liabilities

Interest-bearing deposit liabilities

Retail deposit liabilities

$ 144,106

$ 141,750

$ 142,364

$ 143,492

$ 143,914

$ 2,356

$ 192

Other interest-bearing deposit liabilities (3)

7,616

7,123

5,127

4,806

6,581

493

1,035

Total Interest-bearing deposit liabilities

151,722

148,873

147,491

148,298

150,495

2,849

1,227

Short-term borrowings

1,941

1,794

897

475

124

147

1,817

Long-term debt (4)

17,049

17,249

16,375

16,129

17,245

(200)

(196)

Total interest-bearing liabilities (4)

170,712

167,916

164,763

164,902

167,864

2,796

2,848

Noninterest-bearing deposit liabilities

145

155

169

146

145

(10)

Other liabilities

6,727

7,320

7,362

7,463

7,529

(593)

(802)

Total liabilities

$ 177,584

$ 175,391

$ 172,294

$ 172,511

$ 175,538

$ 2,193

$ 2,046

Equity

Total equity

$ 15,782

$ 15,506

$ 14,949

$ 14,396

$ 14,190

$ 276

$ 1,592

Total liabilities and equity

$ 193,366

$ 190,897

$ 187,243

$ 186,907

$ 189,728

$ 2,469

$ 3,638

Average balances are calculated using a combination of monthly and daily average methodologies.

Nonperforming finance receivables and loans are included in the average balances net of unearned income, unamortized premiums and discounts, and deferred fees and costs.

Includes brokered (inclusive of sweep deposits) and other deposits.

Includes average Core OID balance of $661 million in 1Q26, $679 million in 4Q25, $696 million in 3Q25, $713 million in 2Q25, and $729 million in 1Q25.

Includes the effects of finance receivables and loans, net that were transferred to loans held-for-sale, net and subsequently transferred to assets of operations held-for-sale as of 03/31/25. The sale of card closed 04/01/25. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Pre-tax Income / (Loss)

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Automotive Finance

$ 336

$ 372

$ 421

$ 472

$ 375

$ (36)

$ (39)

Insurance

(63)

Dealer Financial Services

364

463

500

377

(99)

(13)

Corporate Finance

(4)

Corporate and Other (1)

(58)

(175)

(82)

(160)

(737)

117

679

Pre-tax income (loss) from continuing operations

$ 400

$ 386

$ 513

$ 436

$ (284)

$ 14

$ 684

Core OID (2) (3)

Change in the fair value of equity securities (4)

(2)

(27)

(35)

Repositioning and other (4)

(7)

503

(66)

(510)

Core pre-tax income (3)

$ 470

$ 461

$ 502

$ 418

$ 247

$ 9

$ 223

Corporate and Other includes the impact of centralized asset and liability management, corporate overhead allocation activities, consumer mortgage portfolio, Ally Invest activity, and the credit card portfolio. The sale of Credit Card closed on 04/01/25.

Core OID for all periods shown are applied to the pre-tax income of the Corporate and Other segment.

Represents a non-GAAP measure. For more details refer to pages 19-24.

For more details refer to pages 23-24. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Income Statement

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Net financing revenue

Consumer

$ 1,960

$ 1,980

$ 1,961

$ 1,918

$ 1,878

$ (20)

$ 82

Commercial

332

341

338

329

341

(9)

Loans held-for-sale

Operating leases

392

387

365

352

351

Total financing revenue and other interest income

2,687

2,711

2,666

2,603

2,571

(24)

116

Interest expense

1,128

1,145

1,128

1,093

1,065

(17)

Depreciation expense on operating lease assets:

Depreciation expense on operating lease assets (ex. remarketing)

258

246

227

216

221

Remarketing (gains) loss, net of repo valuation

(1)

(9)

Total depreciation expense on operating lease assets

268

256

225

216

240

Net financing revenue

1,291

1,310

1,313

1,294

1,266

(19)

Other revenue

Total other revenue

105

Total net revenue

1,396

1,409

1,391

1,363

(13)

Provision for credit losses

468

478

410

387

434

(10)

Noninterest expense

Compensation and benefits

191

172

166

183

Other operating expenses

401

387

406

366

371

Total noninterest expense

592

559

578

532

554

Pre-tax Income

$ 336

$ 372

$ 421

$ 472

$ 375

$ (36)

$ (39)

Memo: Net lease revenue

Operating lease revenue

$ 392

$ 387

$ 365

$ 352

$ 351

$ 5

$ 41

Depreciation expense on operating lease assets (ex. remarketing)

258

246

227

216

221

Remarketing (gains) loss, net of repo valuation

(1)

(9)

Total depreciation expense on operating lease assets

268

256

225

216

240

Net lease revenue

$ 124

$ 131

$ 140

$ 136

$ 111

$ (7)

$ 13

Balance Sheet (Period-End)

Loans held-for-sale, net

$ 27

$ 12

$ 15

$ 13

$ 15

$ 14

Consumer loans

86,685

85,561

84,994

84,371

83,887

1,124

2,798

Commercial loans

23,938

23,143

21,784

21,066

21,547

795

2,391

Allowance for loan losses

(3,300)

(3,256)

(3,233)

(3,221)

(3,200)

(44)

(100)

Total finance receivables and loans, net

107,323

105,448

103,545

102,216

102,234

1,875

5,089

Investment in operating leases, net

8,699

8,772

8,599

7,992

7,879

(73)

820

Other assets

1,563

1,521

1,567

1,486

1,546

Total assets

$ 117,612

$ 115,753

$ 113,726

$ 111,709

$ 111,672

$ 1,859

$ 5,940

Note: Numbers may not foot due to rounding.

QUARTERLY TRENDS CHANGE VS.

U.S. Consumer Originations (1) ($ in billions)

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Retail standard - new vehicle GM

$ 1.2

$ 1.3

$ 1.2

$ 1.1

$ (0.1)

$ 0.1

Retail standard - new vehicle Stellantis

0.6

0.0

Retail standard - new vehicle Other

1.4

1.3

1.4

1.2

0.1

0.2

Used vehicle

7.5

6.7

7.0

6.7

6.4

0.8

1.2

Lease

0.7

0.9

1.5

1.1

0.9

(0.2)

Total originations

$ 11.5

$ 10.8

$ 11.7

$ 11.0

$ 10.2

$ 0.7

$ 1.3

U.S. Consumer Originations - FICO Score

Super prime (760-999)

$ 3.0

$ 2.9

$ 3.3

$ 3.2

$ 3.0

$ 0.1

$ (0.1)

High prime (720-759)

1.5

1.7

1.6

1.5

0.1

Prime (660-719)

2.9

2.7

3.1

2.9

2.7

0.2

Prime/Near (620-659)

2.0

1.8

1.9

1.8

1.6

0.1

0.3

Non-Prime (540-619)

1.1

1.0

0.9

0.8

0.7

0.2

0.5

Sub-Prime (0-539)

0.2

0.1

0.0

0.2

No FICO (Primarily CSG)

0.8

0.7

0.6

0.0

0.2

Total originations

$ 11.5

$ 10.8

$ 11.7

$ 11.0

$ 10.2

$ 0.7

$ 1.3

U.S. Consumer Retail Originations - Average FICO

New vehicle

725

726

725

726

728

(2)

(3)

Used vehicle

696

697

702

703

708

(1)

(13)

Total retail originations

703

706

708

710

714

(2)

(11)

U.S. Market

New light vehicle sales (SAAR - units in millions)

15.6

15.7

16.6

16.2

16.4

(0.1)

(0.8)

New light vehicle sales (quarterly - units in millions)

3.7

4.0

4.1

4.2

3.9

(0.3)

(0.2)

Dealer Engagement

Total Active DFS Dealers (2)

21,403

21,370

21,548

21,687

21,665

(262)

Total Application Volume (000s)

4,412

3,811

3,992

3,877

3,805

602

607

Ally U.S. Commercial Outstandings EOP ($ in billions)

Floorplan outstandings

$ 16.1

$ 15.9

$ 15.4

$ 14.7

$ 15.1

$ 0.1

$ 0.9

Dealer loans and other

7.9

7.2

6.4

0.7

1.5

Total Commercial outstandings

$ 23.9

$ 23.1

$ 21.8

$ 21.1

$ 21.5

$ 0.8

$ 2.4

U.S. Off-Lease Remarketing

Off-lease vehicles terminated - on-balance sheet (# in units)

15,162

16,525

21,608

26,302

21,943

(1,363)

(6,781)

Average gain (loss) per vehicle

$ (663)

$ (635)

$ 53

$ 14

$ (863)

$ (27)

$ 200

Total gain (loss) ($ in millions)

$ (10)

$ (11)

$ 1

$ -

$ (19)

$ 0

$ 9

Some standard rate loan originations contain manufacturer sponsored cash back rebate incentives. Some lease originations contain rate subvention. While Ally may jointly develop marketing programs for these originations, Ally does not have exclusive rights to such originations under operating agreements with manufacturers.

A dealer is considered to have an active relationship with us if we provided automotive financing, remarketing, or insurance services during the three months ended March 31, 2026. Note: Numbers may not foot due to rounding.

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

(2)

(1)

360

366

361

359

364

(6)

(4)

(21)

(4)

(42)

(17)

(1)

342

390

420

422

364

(48)

(22)

378

426

453

452

394

(48)

(16)

121

111

141

203

161

(40)

197

196

204

195

201

(4)

350

335

374

424

392

(42)

(63)

360

366

361

359

364

(6)

(4)

(1)

437

424

426

422

409

121

111

141

203

161

(40)

152

155

158

155

162

(3)

(10)

229

224

233

221

231

(2)

350

335

374

424

392

(42)

(2)

(3)

(59)

(15)

(60)

(44)

(63)

$ 5,778

$ 5,841

$ 5,845

$ 5,728

$ 5,527

$ (63)

$ 251

854

807

696

687

804

2,836

2,863

2,921

2,910

2,824

(27)

420

386

380

334

$ 9,888

$ 9,931

$ 9,848

$ 9,705

$ 9,489

$ (43)

$ 399

($ in millions) QUARTERLY TRENDS CHANGE VS. Income Statement (GAAP View)

Net financing revenue

Total interest and fees on finance receivables and loans (1)

Interest and dividends on investment securities Interest bearing cash

Total financing revenue and other interest revenue Interest expense

Net financing revenue

Other revenue

Insurance premiums and service revenue earned Other gain / (loss) on investments, net

Other income, net of losses Total other revenue

Total net revenue Noninterest expense

Compensation and benefits expense

Insurance losses and loss adjustment expenses Other operating expenses

Total noninterest expense

Pre-tax income (loss)

Memo: Income Statement (Managerial View) Insurance premiums and other income Insurance premiums and service revenue earned Investment income and other (adjusted) (2)

Other income

Total insurance premiums and other income

Expense

Insurance losses and loss adjustment expenses Acquisition and underwriting expenses

Compensation and benefit expense Insurance commission expense Other expense

Total acquisition and underwriting expense Total expense

Core pre-tax (loss) / income (2)

Change in the fair value of equity securities (3)

Income (loss) before income tax expense

Balance Sheet (Period-End)

Cash and investment securities

Intercompany loans (1)

Premiums receivable and other insurance assets

Other assets

Total assets

Key Statistics

$ 389

$ 384

$ 385

$ 349

$ 385

33.2 %

30.0 %

38.7 %

56.0 %

43.7 %

63.0 %

60.7 %

63.9 %

61.1 %

62.8 %

96.2 %

90.7 %

102.6 %

117.1 %

106.5 %

Total written premiums and revenue (4)

Loss ratio (5)

Underwriting expense ratio (6)

Combined ratio

Intercompany activity represents excess liquidity placed with corporate segment.

Represents a non-GAAP financial measure. For more details refer to pages 19-24.

For more details refer to pages 23-24.

Written premiums are net of ceded premium for reinsurance.

Loss ratio is calculated as Insurance losses and loss adjustment expenses divided by Insurance premiums and service revenue earned and Other Income, net of losses.

Underwriting expense ratio is calculated as Compensation and benefits expense and Other operating expenses divided by Insurance premiums and service revenue earned and Other income, net of losses. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Income Statement

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Net financing revenue

Total financing revenue and other interest income

$ 243

$ 240

$ 238

$ 233

$ 221

$ 3

$ 22

Interest expense

130

129

127

125

117

Net financing revenue

113

111

108

104

Total other revenue

Total net revenue

148

142

136

127

133

Provision for loan losses Noninterest expense

Compensation and benefits expense

(2)

(3)

(6)

Other operating expense

Total noninterest expense

Pre-tax income

$ 94

$ 98

$ 95

$ 96

$ 76

$ (4)

$ 18

Change in the fair value of equity securities (1)

Core pre-tax income (2)

$ 94

$ 98

$ 95

$ 96

$ 76

$ (4)

$ 18

Balance Sheet (Period-End)

Equity securities

$ 2

$ 1

Loans held for sale, net

121

144

(23)

Commercial loans

13,714

12,930

11,289

10,968

10,857

784

2,857

Allowance for loan losses

(226)

(219)

(207)

(175)

(177)

(7)

(49)

Total finance receivables and loans, net

13,488

12,711

11,082

10,793

10,680

777

2,808

Other assets

192

190

182

178

177

Total assets

$ 13,803

$ 12,989

$ 11,343

$ 11,040

$ 11,002

$ 814

$ 2,801

For more details refer to pages 23-24.

Represents a non-GAAP financial measure. For more details refer to pages 19-24. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Income Statement

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Net financing revenue

Total financing revenue and other interest income

$ 395

$ 415

$ 434

$ 444

$ 557

$ (20)

$ (162)

Interest expense

246

274

307

360

479

(28)

(233)

Net financing revenue

149

141

127

Other revenue

Other gain/(loss) on investments, net

(495)

495

Gain/(loss) on mortgage and automotive loans, net

(27)

(2)

(1)

Other income, net of losses (1)

(1)

(36)

Total other revenue

(427)

458

Total net revenue

180

146

170

112

(349)

529

Provision for loan losses

(9)

(2)

(3)

(1)

(257)

(7)

248

Noninterest expense

Compensation and benefits expense

242

256

227

219

267

(14)

(25)

Goodwill impairment

305

(305)

Other operating expense (2)

(62)

(68)

Total noninterest expense

247

323

255

273

645

(76)

(398)

Pre-tax income (loss)

$ (58)

$ (175)

$ (82)

$ (160)

$ (737)

$ 117

$ 679

Change in the fair value of equity securities (3)

(4)

(2)

Core OID (4)

Repositioning (3)

(7)

503

(66)

(510)

Core pre-tax income (loss) (4)

$ (47)

$ (99)

$ (65)

$ (148)

$ (221)

$ 52

$ 174

Balance Sheet (Period-End)

Cash, trading and investment securities

$ 31,976

$ 32,408

$ 32,382

$ 32,759

$ 32,837

$ (432)

$ (861)

Loans held-for-sale, net

189

450

102

(261)

137

Consumer loans

15,288

15,579

16,253

16,582

16,944

(291)

(1,656)

Commercial loans

259

233

237

230

237

Intercompany loans (5)

(854)

(807)

(696)

(687)

(804)

(47)

(50)

Allowance for loan losses

(14)

(15)

(20)

(21)

Total finance receivables and loans, net

14,679

14,990

15,774

16,105

16,356

(311)

(1,677)

Other assets

9,122

9,481

8,552

8,053

9,483

(359)

(361)

Assets of operations held-for-sale (6)

2,440

(2,440)

Total assets

$ 55,966

$ 57,329

$ 56,794

$ 57,019

$ 61,168

$ (1,363)

$ (5,202)

Core OID Amortization Schedule (4)

2026

2027

2028

2029

2030 & After

Remaining Core OID amortization expense

$ 59

$ 89

$ 104

$ 122

Avg = $139/yr

Includes the impact of centralized asset and liability management, corporate overhead allocation activities, consumer mortgage portfolio, Ally Invest activity, and Credit Card. Sale of Credit Card closed on 04/01/25.

Other operating expenses includes corporate overhead allocated to the other business segments. Amounts of corporate overhead allocated were $315 million for 1Q26, $294 million for 4Q25, $298 million for 3Q25,

$281 million for 2Q25, and $302 million for 1Q25. The receiving business segment records the allocation of corporate overhead expense within other operating expenses.

For more details refer to pages 23-24.

Represents a non-GAAP financial measure. For more details refer to pages 23-24.

Intercompany loans related to activity between Insurance and Corporate and Other for liquidity purposes.

Credit Card moved to Assets of Operations Held-For-Sale (HFS) on 03/31/25. Sale of Credit Card closed on 04/01/25. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Asset Quality - Consolidated (1)

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Ending loan balance

$ 139,890

$ 137,454

$ 134,567

$ 133,229

$ 133,485

$ 2,436

$ 6,405

30+ Accruing DPD

$ 3,231

$ 3,671

$ 3,401

$ 3,345

$ 3,224

$ (440)

$ 7

30+ Accruing DPD %

2.31%

2.67%

2.53%

2.51%

2.42%

60+ Accruing DPD

$ 846

$ 984

$ 883

$ 869

$ (138)

$ (23)

60+ Accruing DPD %

0.60%

0.72%

0.66%

0.65%

Non-performing loans (NPLs)

$ 1,306

$ 1,366

$ 1,353

$ 1,359

$ 1,417

$ (60)

$ (111)

Net charge-offs (NCOs)

$ 417

$ 452

$ 395

$ 366

$ 507

$ (35)

$ (90)

Net charge-off rate (2)

1.21%

1.34%

1.18%

1.10%

1.50%

Provision for loan losses

$ 467

$ 487

$ 415

$ 384

$ 191

$ (20)

$ 276

Allowance for loan losses (ALLL)

$ 3,540

$ 3,490

$ 3,460

$ 3,416

$ 3,398

$ 50

$ 142

ALLL as % of Loans (3) (4)

2.53%

2.54%

2.57%

2.56%

2.55%

ALLL as % of NPLs (3)

271%

255%

256%

251%

240%

ALLL as % of NCOs (3)

212%

192%

219%

234%

168%

U.S. Auto Delinquencies - HFI Retail Contract $'s (5)

30+ Delinquent contract $

$ 3,197

$ 3,630

$ 3,340

$ 3,301

$ 3,181

$ (433)

$ 16

% of retail contract $ outstanding

3.69%

4.24%

3.93%

3.91%

3.79%

60+ Delinquent contract $

$ 842

$ 974

$ 877

$ 879

$ 852

$ (132)

$ (10)

% of retail contract $ outstanding

0.97%

1.14%

1.03%

1.04%

1.02%

U.S. Auto Annualized Net Charge-Offs - HFI Retail Contract $'s

Net charge-offs

$ 424

$ 454

$ 399

$ 366

$ 445

$ (30)

$ (21)

% of avg. HFI assets (2)

1.97%

2.14%

1.88%

1.75%

2.12%

U.S. Auto Annualized Net Charge-Offs - HFI Commercial Contract $'s (6)

Net charge-offs

$ -

% of avg. HFI assets (2)

(0.01)%

Loans within this table are classified as held-for-investment recorded at amortized cost as these loans are included in our allowance for loan losses.

Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding finance receivables and loans excluding loans measured at fair value, conditional repurchase loans and loans held-for-sale during the year for each loan category.

Excludes provision for credit losses related to our reserve for unfunded commitments.

ALLL coverage ratios are based on the allowance for loan losses related to loans held-for-investment excluding those loans held at fair value as a percentage of the unpaid principal balance, net of premiums and discounts.

Auto delinquency metrics include accruing contracts only.

Commercial Auto data includes Insurance advances. Note: Numbers may not foot due to rounding.

($ in millions)

Automotive Finance (1)

QUARTERLY TRENDS

CHANGE VS.

Consumer

1Q 26 4Q 25 3Q 25 2Q 25 1Q 25

4Q 25 1Q 25

Net Charge-offs

$ 424

$ 454

$ 399

$ 366

$ 445

$ (30)

$ (21)

Allowance for loan losses

$ 3,250

$ 3,208

$ 3,186

$ 3,166

$ 3,144

$ 42

$ 106

Total consumer loans (2)

$ 86,662

$ 85,568

$ 84,994

$ 84,365

$ 83,868

$ 1,094

$ 2,794

Coverage ratio (3)

3.75%

Commercial (4)

Net Charge-offs

$ -

Allowance for loan losses

$ 50

$ 48

$ 47

$ 55

$ 56

$ 2

$ (6)

Total commercial loans

$ 23,944

$ 23,151

$ 21,794

$ 21,078

$ 21,560

$ 793

$ 2,384

Coverage ratio

0.21%

0.26%

Consumer Mortgage (1)

Net Charge-offs

$ (8)

$ (1)

$ (3)

$ -

$ (1)

$ (7)

Allowance for loan losses

$ 11

$ 12

$ 17

$ 18

$ (1)

$ (7)

Total consumer loans

$ 15,311

$ 15,572

$ 16,253

$ 16,588

$ 16,963

$ (261)

$ (1,652)

Coverage ratio

0.07%

0.10%

0.11%

Consumer Other - Ally Credit Card (1) (5)

Net Charge-offs

$ -

$ 63

$ -

$ (63)

Allowance for loan losses

$ -

Total consumer loans

$ -

Coverage ratio

Corporate Finance (1)

Net Charge-offs

$ 1

$ (1)

$ -

$ 2

$ 1

Allowance for loan losses

$ 226

$ 219

$ 207

$ 175

$ 177

$ 7

$ 49

Total commercial loans

$ 13,714

$ 12,930

$ 11,289

$ 10,968

$ 10,857

$ 784

$ 2,857

Coverage ratio

1.65%

1.69%

1.83%

1.60%

1.63%

Corporate and Other (1)

Net Charge-offs

$ -

Allowance for loan losses

$ 3

$ -

Total commercial loans

$ 259

$ 233

$ 237

$ 230

$ 237

$ 26

$ 22

Coverage ratio

1.36%

1.38%

1.36%

ALLL coverage ratios are based on the domestic allowance as a percentage of finance receivables and loans reported at their gross carrying value, which includes the principal amount outstanding, net of unearned income, unamortized deferred fees reduced by costs on originated loans, unamortized premiums and discounts on purchased loans, unamortized basis adjustments arising from the designation of finance receivables and loans as the hedged item in qualifying fair value hedge relationships, and cumulative principal charge-offs. Excludes loans held at fair value.

Includes ($23M) of fair value adjustment for loans in hedge accounting relationships in 1Q26, $7M in 4Q25, $0M in 3Q25, ($6M) in 2Q25 and ($19M) in 1Q25.

Excludes ($23M) of fair value adjustment for loans in hedge accounting relationships in 1Q26, $7M in 4Q25, $0M in 3Q25, ($6M) in 2Q25 and ($19M) in 1Q25.

Commercial Auto data includes Insurance advances.

Sale of Credit Card closed on 04/01/25. Note: Numbers may not foot due to rounding.

($ in billions) QUARTERLY TRENDS CHANGE VS.

Capital

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Risk-weighted assets

$ 155.2

$ 152.8

$ 150.7

$ 151.3

$ 153.7

$ 2.4 $ 1.5

Common Equity Tier 1 (CET1) capital ratio

10.1%

10.2%

10.1%

9.9%

9.5%

Tier 1 capital ratio

11.5%

11.7%

11.6%

11.4%

11.0%

Total capital ratio

13.4%

13.6%

13.4%

13.2%

12.8%

Tangible common equity / Tangible assets (1) (2)

6.6%

6.4%

6.0%

Tangible common equity / Risk-weighted assets (1)

8.4%

8.5%

8.4%

8.0%

7.6%

Shareholders' equity

$ 15.6

$ 15.5

$ 15.1

$ 14.5

$ 14.2

$ 0.1 $ 1.4

less: Certain AOCI items and other adjustments

2.4

2.5

2.4

2.7

(0.1) (0.3)

Preferred equity

(2.3)

- -

Common Equity Tier 1 capital

$ 15.7

$ 15.6

$ 15.2

$ 15.0

$ 14.6

$ 0.1 $ 1.1

Common Equity Tier 1 capital

$ 15.7

$ 15.6

$ 15.2

$ 15.0

$ 14.6

$ 0.1 $ 1.1

add: Preferred equity

2.3

- -

less: Other adjustments

(0.1)

- -

Tier 1 capital

$ 17.9

$ 17.4

$ 17.2

$ 16.9

$ - $ 1.0

Tier 1 capital

$ 17.9

$ 17.4

$ 17.2

$ 16.9

$ - $ 1.0

add: Qualifying subordinated debt

1.0

- -

Allowance for loan and lease losses includible in Tier 2 capital and other adjustments

1.9

1.8

1.9

- -

Total capital

$ 20.8

$ 20.7

$ 20.3

$ 20.0

$ 19.7

$ 0.1 $ 1.1

Total shareholders' equity

$ 15.6

$ 15.5

$ 15.1

$ 14.5

$ 14.2

$ 0.1 $ 1.4

less: Preferred equity

(2.3)

- -

Goodwill and intangible assets, net of deferred tax liabilities

(0.2)

(0.3)

- 0.1

Tangible common equity (1)

$ 13.1

$ 13.0

$ 12.6

$ 12.0

$ 11.6

$ 0.1 $

1.5

Total assets

$ 197.3

$ 196.0

$ 191.7

$ 189.5

$ 193.3

$ 1.3 $

4.0

less: Goodwill and intangible assets, net of deferred tax liabilities

(0.2)

(0.3)

- 0.1

Tangible assets (2)

$ 197.1

$ 195.8

$ 191.5

$ 189.3

$ 193.0

$ 1.3 $ 4.1

Represents a non-GAAP financial measure. For more details refer to pages 23-24.

Ally defines tangible assets as total assets less goodwill and intangible assets, net of deferred tax liabilities. Note: Numbers may not foot due to rounding.

Consolidated Available Liquidity ($ in billions)

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Liquid cash and cash equivalents (1)

$ 8.9

$ 9.7

$ 9.5

$ 10.0

$ 9.5

$ (0.8)

$ (0.6)

Highly liquid securities (2)

20.4

20.3

19.9

19.2

20.3

0.1

Subtotal

$ 29.3

$ 30.0

$ 29.5

$ 29.2

$ 29.8

$ (0.7)

$ (0.5)

FHLB Unused Pledged Borrowing Capacity

9.5

9.1

10.3

10.7

11.3

0.4

(1.8)

FRB Discount Window Unused Pledged Capacity

27.0

26.9

0.0

0.1

Total unused pledged capacity

$ 36.5

$ 36.0

$ 37.2

$ 37.6

$ 38.2

$ 0.4

$ (1.7)

Total current available liquidity

$ 65.8

$ 66.1

$ 66.6

$ 66.8

$ 68.0

$ (0.3)

$ (2.2)

2031 &

Unsecured Long-Term Debt Maturity Profile

2026

2027

2028

2029

2030

After

Consolidated remaining maturities (3)

$ - $

1.5

$ 0.8

$ 1.6

$ 0.8

$ 5.3

Ally Bank Deposits

Key Deposit Statistics

Average retail CD duration (months)

17.6

17.4

17.2

17.1

17.3

0.2

0.3

Average retail deposit rate

3.26%

3.35%

3.48%

3.58%

3.75%

End of Period Deposit Levels ($ in millions)

Retail

$ 146,132

$ 143,529

$ 141,843

$ 143,158

$146,069

$ 2,603

$ 63

Brokered & other

7,020

8,120

6,567

4,708

5,359

(1,100)

1,661

Total deposits

$ 153,152

$ 151,649

$148,410

$147,866

$151,428

$ 1,503

$ 1,724

Deposit Mix

Retail CD

23%

24%

25%

MMA/OSA/Checking

73%

71%

72%

71%

Brokered & other

May include the restricted cash accumulation for retained notes maturing within the following 30 days and returned to Ally on the distribution date.

Includes unencumbered UST, Agency-backed securities, and highly liquid Corporates.

Excludes retail notes; as of 03/31/26. Reflects notional value of outstanding bond. Excludes total GAAP OID and capitalized transaction costs. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Average Balance Details

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Retail Auto Loans

$ 85,858

$ 84,865

$ 84,592

$ 83,858

$ 83,701

$ 993

$ 2,157

Auto Lease (net of dep.)

8,805

8,753

8,255

7,919

7,955

850

Dealer Floorplan

15,466

15,956

14,771

14,570

15,324

(490)

142

Other Dealer Loans

7,460

6,541

6,348

6,293

6,339

919

1,121

Corporate Finance

13,348

12,078

11,085

11,079

10,304

1,270

3,044

Mortgage (1)

15,708

16,070

16,458

16,798

17,104

(362)

(1,396)

Consumer Other - Ally Credit Card (2)

2,274

(2,274)

Cash and Cash Equivalents (6)

9,100

8,983

8,465

8,888

9,345

117

(245)

Investment Securities and Other

29,326

29,191

28,756

28,658

28,733

135

593

Total Earning Assets

$ 185,071

$ 182,437

$ 178,730

$ 178,063

$ 181,079

$ 2,634

$ 3,992

Interest Revenue

3,106

3,160

3,162

3,109

3,153

(54)

(47)

Unsecured Debt (ex. Core OID balance) (3)

$ 10,654

$ 11,273

$ 11,598

$ 11,171

$ 11,797

$ (619)

$ (1,143)

Secured Debt

2,860

2,604

1,780

1,794

2,096

256

764

Deposits (4)

151,867

149,028

147,660

148,444

150,640

2,839

1,227

Other Borrowings

6,137

5,845

4,590

4,352

4,204

292

1,933

Total Funding Sources (ex. Core OID balance) (3)

$ 171,518

$ 168,750

$ 165,628

$ 165,761

$ 168,738

$ 2,768

$ 2,780

Interest Expense (ex. Core OID) (3)

1,499

1,545

1,561

1,577

1,659

(46)

(160)

Net Financing Revenue (ex. Core OID) (3)

$ 1,607

$ 1,615

$ 1,601

$ 1,532

$ 1,494

$ (8)

$ 114

Net Interest Margin (yield details)

Retail Auto Loan

9.30%

9.32%

9.28%

9.27%

9.21%

(0.02)%

0.09%

Retail Auto Loan (excl. hedge impact)

9.27%

9.21%

9.19%

9.11%

0.16%

Auto Lease (net of dep.)

5.73%

5.93%

6.70%

6.88%

5.69%

(0.20)%

0.04%

Dealer Floorplan

5.70%

5.91%

6.42%

6.41%

6.50%

(0.21)%

(0.80)%

Other Dealer Loans

5.94%

5.68%

5.66%

5.64%

5.66%

0.26%

0.28%

Corporate Finance

7.43%

7.98%

8.59%

8.52%

8.78%

(0.55)%

(1.35)%

Mortgage (1)

3.21%

3.13%

3.14%

3.17%

3.23%

0.08%

(0.02)%

Consumer Other - Ally Credit Card (2)

21.16%

(21.16)%

Cash and Cash Equivalents (5)

3.61%

3.89%

4.28%

4.32%

4.23%

(0.28)%

(0.62)%

Investment Securities and Other

3.28%

3.34%

3.47%

3.50%

3.26%

(0.06)%

0.02%

Total Earning Assets

6.81%

6.87%

7.02%

7.00%

7.06%

(0.06)%

(0.25)%

Unsecured Debt (ex. Core OID & Core OID balance) (3)

6.44%

6.36%

6.33%

6.42%

6.40%

0.08%

0.04%

Secured Debt

5.17%

5.14%

5.41%

5.51%

5.55%

0.03%

(0.38)%

Deposits (4)

3.29%

3.38%

3.50%

3.59%

3.78%

(0.09)%

(0.49)%

Other Borrowings (6)

4.02%

4.21%

4.26%

4.15%

4.03%

(0.19)%

(0.01)%

Total Funding Sources (ex. Core OID & Core OID balance) (3)

3.55%

3.63%

3.74%

3.82%

3.99%

(0.08)%

(0.44)%

NIM (as reported)

3.48%

3.51%

3.41%

3.31%

0.17%

NIM (ex. Core OID & Core OID balance) (3)

3.52%

3.51%

3.55%

3.45%

3.35%

0.01%

0.17%

Mortgage loans in run-off at the Corporate and Other segment.

Credit card assets moved to Assets of Operations Held-for-Sale (HFS) on 3/31/25. Sale of Credit Card closed on 04/01/25.

Represents a non-GAAP financial measure. Excludes Core OID from interest expense and Core OID balance from Unsecured Debt. For more details refer to pages 23-24.

Includes retail, brokered, and other deposits. Other includes sweep deposits and other deposits.

Includes interest expense related to margin received on derivative contracts. Excluding this expense, annualized yields were 3.61% for 1Q26, 3.88% for 4Q25, 4.28% for 3Q25, 4.35% for 2Q25, and 4.37% for 1Q25.

Includes FHLB Borrowings, Repurchase Agreements and other. Note: Numbers may not foot due to rounding.

($ in millions, shares in thousands) QUARTERLY TRENDS CHANGE VS.

Earnings Per Share Data

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

GAAP net income (loss) attributable to common shareholders

$ 291

$ 300

$ 371

$ 324

$ (253)

$ (9)

$ 544

Weighted-average common shares outstanding - basic (1)

310,992

310,792

310,342

309,895

309,006

200

1,985

Weighted-average common shares outstanding - diluted (1)

313,219

314,264

313,823

312,434

309,006

(1,045)

4,213

Issued shares outstanding (period-end)

307,408

308,493

307,828

307,787

307,152

(1,085)

255

Net income (loss) per share - basic (1)

$ 0.94

$ 0.97

$ 1.19

$ 1.05

$ (0.82)

$ (0.03)

$ 1.75

Net income (loss) per share - diluted (1)

$ 0.93

$ 0.95

$ 1.18

$ 1.04

$ (0.82)

$ (0.03)

$ 1.75

Adjusted Earnings per Share ("Adjusted EPS") (2)

Numerator

GAAP net income (loss) attributable to common shareholders

$ 291

$ 300

$ 371

$ 324

$ (253)

$ (9)

$ 544

Discontinued operations, net of tax

Core OID (3)

Change in the fair value of equity securities (4)

(2)

(27)

(35)

Core OID, repositioning & change in the fair value of equity securities tax (tax rate 21%)

(15)

(16)

(99)

Repositioning (4)

(7)

503

(66)

(510)

Significant discrete tax items

(18)

Core net income attributable to common shareholders (3)

$ 346

$ 341

$ 363

$ 309

$ 179

$ 5

$ 168

Denominator

Weighted-average common shares outstanding - basic or diluted as applicable

313,219

314,264

313,823

312,434

309,006

(1,045)

4,213

Adjusted EPS (2)

$ 1.11

$ 1.09

$ 1.15

$ 0.99

$ 0.58

$ 0.02

$ 0.52

GAAP original issue discount amortization expense

$ 19

$ 18

$ 0

$ 1

Other OID

(1)

(2)

(3)

Core original issue discount (Core OID) amortization expense (3)

$ 18

$ 17

$ 16

$ 1

$ 3

GAAP outstanding original issue discount balance

$ (670)

$ (689)

$ (708)

$ (727)

$ (745)

$ 19

$ 75

Other outstanding OID balance

(1)

(7)

Core outstanding original issue discount balance (Core OID balance) (3)

$ (653)

$ (671)

$ (688)

$ (705)

$ (721)

$ 18

$ 68

GAAP Net Financing Revenue

$ 1,589

$ 1,598

$ 1,584

$ 1,516

$ 1,478

$ (9)

$ 111

Core OID (3)

Net Financing Revenue (ex. Core OID) (3)

$ 1,607

$ 1,615

$ 1,601

$ 1,532

$ 1,494

$ (8)

$ 114

GAAP Other Revenue

$ 513

$ 525

$ 584

$ 566

$ 63

$ (12)

$ 450

Repositioning (4)

495

(26)

(495)

Change in the fair value of equity securities (4)

(2)

(27)

(35)

Adjusted Other Revenue (3)

$ 572

$ 550

$ 557

$ 531

$ 571

$ 22

$ 1

GAAP Provision Expense

$ 467

$ 487

$ 415

$ 384

$ 191

$ (20)

$ 276

Repositioning (4)

(1)

306

(299)

Adjusted Provision (ex. Repositioning) (3)

$ 474

$ 486

$ 415

$ 384

$ 497

$ (12)

$ (23)

GAAP Noninterest Expense

$ 1,235

$ 1,250

$ 1,240

$ 1,262

$ 1,634

$ (15)

$ (399)

Repositioning and other (4)

(31)

(314)

314

Adjusted Noninterest Expense (3)

$ 1,235

$ 1,219

$ 1,240

$ 1,262

$ 1,320

$ 16

$ (85)

(1) Due to the antidilutive effect of the net loss attributable to common shareholders for the first quarter 2025, basic weighted average common shares outstanding were used to calculate basic or diluted earnings per share, as applicable.

(2) Adjusted earnings per share (Adjusted EPS) is a non-GAAP financial measure that adjusts GAAP EPS for revenue and expense items that are typically strategic in nature or that management otherwise does not view as reflecting the operating performance of the company. Management believes Adjusted EPS can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. In the numerator of Adjusted EPS, GAAP net income attributable to common shareholders is adjusted for the following items: (1) excludes discontinued operations, net of tax, as Ally is primarily a domestic company and sales of international businesses and other discontinued operations in the past have significantly impacted GAAP EPS, (2) adds back the tax-effected non-cash Core OID, (3) adjusts for tax-effected repositioning and other which are primarily related to the extinguishment of high cost legacy debt, strategic activities and significant other one-time items, (4) change in fair value of equity securities, (5) excludes significant discrete tax items that do not relate to the operating performance of the core businesses, and adjusts for preferred stock capital actions that have been taken by the company to normalize its capital structure, as applicable for respective periods. See pages 23-24 for details.

(3) Represents a non-GAAP financial measure. For more details refer to pages 23-24.

(4) For more details refer to pages 23-24. Note: Numbers may not foot due to rounding.

($ in millions, shares in thousands)

QUARTERLY TRENDS

CHANGE VS.

Adjusted Tangible Book Value Per Share ("Adjusted TBVPS") Information Numerator

GAAP shareholders' equity

1Q 26

$ 15,609

4Q 25 3Q 25 2Q 25

$ 15,498 $ 15,117 $ 14,547

1Q 25

$ 14,232

4Q 25 1Q 25

$ 111 $ 1,377

Preferred equity

(2,324)

GAAP common shareholders' equity

$ 13,285

$ 13,174

$ 12,793

$ 12,223

$ 11,908

$ 111

$ 1,377

Goodwill and identifiable intangibles, net of DTLs

(187)

(295)

108

Tangible common equity (1)

13,098

12,987

12,606

12,036

11,613

111

1,485

Tax-effected Core OID balance (21% tax rate) (1)

(516)

(530)

(544)

(557)

(570)

Adjusted tangible book value (2)

$ 12,582

$ 12,457

$ 12,062

$ 11,479

$ 11,044

$ 125

$ 1,539

Denominator

Issued shares outstanding (period-end, thousands)

307,408

308,493

307,828

307,787

307,152

(1,085)

255

GAAP shareholders' equity per share

$ 50.78

$ 50.24

$ 49.11

$ 47.26

$ 46.34

$ 0.54

$ 4.44

Preferred equity per share

(7.56)

(7.53)

(7.55)

(7.57)

(0.03)

0.01

GAAP common shareholders' equity per share

$ 43.22

$ 42.70

$ 41.56

$ 39.71

$ 38.77

$ 0.51

$ 4.45

Goodwill and identifiable intangibles, net of DTLs per share

(0.61)

(0.96)

(0.00)

0.35

Tangible common equity per share (1)

42.61

42.10

40.95

39.10

37.81

0.51

4.80

Tax-effected Core OID balance (21% tax rate) per share (1)

(1.68)

(1.72)

(1.77)

(1.81)

(1.85)

0.04

0.18

Adjusted tangible book value per share (2)

$ 40.93

$ 40.38

$ 39.19

$ 37.30

$ 35.95

$ 0.55

$ 4.98

(1) Represents a non-GAAP financial measure. For more details refer to pages 23-24.

(2) 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 the financial statements. As a result, management believes Adjusted TBVPS provides the reader with an assessment of value that is more conservative than GAAP common shareholder's equity per share. Adjusted TBVPS generally adjusts common equity for (1) goodwill and identifiable intangibles, net of DTLs, and (2) tax-effected Core OID balance to reduce tangible common equity in the event the corresponding discounted bonds are redeemed/tendered.

Note: Numbers may not foot due to rounding.

Core Return on Tangible Common Equity ("Core ROTCE") Numerator

GAAP net income (loss) attributable to common shareholders

1Q 26

$ 291

4Q 25

$ 300

3Q 25

$ 371

2Q 25

$ 324

1Q 25

$ (253)

4Q 25

$ (9)

1Q 25

$ 544

Discontinued operations, net of tax

Core OID (2)

Change in the fair value of equity securities (2)

(2)

(27)

(35)

Core OID, repositioning & change in the fair value of equity

(15)

(16)

(99)

Repositioning (2)

(7)

503

(66)

(510)

Significant discrete tax items

(18)

Core net income attributable to common shareholders (1)

$ 346

$ 341

$ 363

$ 309

$ 179

$ 5

$ 167

Denominator (average, $ millions)

GAAP shareholders' equity $ 15,554

$ 15,308

$ 14,832

$ 14,390

$ 14,068

$ 246

$ 1,486

Preferred equity (2,324)

(2,324)

GAAP common shareholders' equity

$ 13,230

$ 12,984

$ 12,508

$ 12,066

$ 11,744

$ 246

$ 1,486

Goodwill & identifiable intangibles, net of deferred tax liabilities ("DTLs")

(187)

(241)

(449)

262

Tangible common equity

$ 13,042

$ 12,796

$ 12,321

$ 11,824

$ 11,295

$ 246

$ 1,748

Tax-effected Core OID balance (tax rate 21%)

(523)

(537)

(550)

(563)

(576)

Adjusted Tangible Common Equity (1)

$ 12,520

$ 12,260

$ 11,771

$ 11,261

$ 10,719

$ 260

$ 1,801

Core Return on Tangible Common Equity (3)

(1) Represents a non-GAAP measure. See pages 23-24 for methodology and detail.

11.1%

12.3%

11.0%

6.7%

($ in millions) unless noted otherwise QUARTERLY TRENDS CHANGE VS.

securities tax (tax rate 21%)

For more details see pages 23-24.

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 equity base that supports core operations. For purposes of this calculation, tangible common equity is adjusted for tax-effected Core OID balance. Ally's Core net income attributable to common shareholders for purposes of calculating Core ROTCE is based on the actual effective tax rate for the period adjusted for significant discrete tax items including tax reserve releases, which aligns with the methodology used in calculating adjusted earnings per share.

In the numerator of Core ROTCE, GAAP net income attributable to common shareholders is adjusted for discontinued operations net of tax, tax-effected Core OID, tax-effected repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities and significant other one-time items, change in fair value of equity securities, significant discrete tax items, and preferred stock capital actions, as applicable for respective periods.

In the denominator, GAAP shareholder's equity is adjusted for goodwill and identifiable intangibles net of DTL, and tax-effected Core OID balance. Note: Numbers may not foot due to rounding.

($ in millions) QUARTERLY TRENDS CHANGE VS.

Adjusted Efficiency Ratio Calculation

1Q 26

4Q 25

3Q 25

2Q 25

1Q 25

4Q 25

1Q 25

Numerator

GAAP Noninterest Expense

$ 1,235

$ 1,250

$ 1,240

$ 1,262

$ 1,634

$ (15)

$ (399)

Insurance expense

(350)

(335)

(374)

(424)

(392)

(15)

Repositioning (2)

(31)

(314)

314

Adjusted noninterest expense for the efficiency ratio

$ 885

$ 884

$ 866

$ 838

$ 928

$ 1

$ (43)

Denominator

Total net revenue

$ 2,102

$ 2,123

$ 2,168

$ 2,082

$ 1,541

$ (21)

$ 561

Core OID (2)

Insurance revenue

(378)

(426)

(453)

(452)

(394)

Repositioning (2)

495

Adjusted net revenue for the efficiency ratio

$ 1,742

$ 1,741

$ 1,732

$ 1,646

$ 1,658

$ 1

$ 84

Adjusted Efficiency Ratio (1)

50.8%

50.0%

50.9%

56.0%

Adjusted efficiency ratio is a non-GAAP financial measure that management believes is helpful to readers in comparing the efficiency of its core banking and lending businesses with those of its peers. In the numerator of Adjusted efficiency ratio, total noninterest expense is adjusted for Insurance segment expense, Rep and warrant expense, and repositioning and other which is primarily related to the extinguishment of high cost legacy debt, strategic activities and significant one-time items, as applicable for respective periods. In the denominator, total net revenue is adjusted for Insurance segment revenue, Core OID, and repositioning items. See page 11 for the combined ratio for the Insurance segment which management uses as a primary measure of underwriting profitability for the Insurance business.

For more details see pages 23-24.

Note: Numbers may not foot due to rounding.

In the numerator of Adjusted efficiency ratio, total noninterest expense is adjusted for Rep and warrant expense, Insurance segment expense, and repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities and significant other one-time items, as applicable for respective periods.

In the denominator, total net revenue is adjusted for Core OID and Insurance segment revenue, and repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities, restructuring and significant other one-time items, as applicable for respective periods.

(2) tax-effected Core OID balance to reduce tangible common equity in the event the corresponding discounted bonds are redeemed/tendered. Note: In December 2017, tax-effected Core OID balance was adjusted from a statutory U.S. Federal tax rate of 35% to 21% ("rate") as a result of changes to U.S. tax law. The adjustment conservatively increased the tax-effected Core OID balance and consequently reduced Adjusted TBVPS as any acceleration of the non-cash charge in future periods would flow through the financial statements at a 21% rate versus a previously modeled 35% rate.

In the numerator of Core ROTCE, GAAP net income attributable to common shareholders is adjusted for discontinued operations net of tax, tax-effected Core

OID, tax-effected repositioning and other which are primarily related to the extinguishment of high-cost legacy debt, strategic activities and significant other one-time items, change in fair value of equity securities, significant discrete tax items, and preferred stock capital actions, as applicable for respective periods.

In the denominator, GAAP shareholder's equity is adjusted for goodwill and identifiable intangibles net of DTL, and tax-effected Core OID balance.

Disclaimer

Ally Financial Inc. published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 17, 2026 at 11:27 UTC.