Ally Financial (ALLY) Q3 2026 earnings summary

Executive summary

• Adjusted EPS was $1.34, up 16% YoY; core net income was $412M and core ROTCE was 13.1%.

• GAAP net income attributable to common shareholders was $401M; GAAP pre-tax income was $567M and core pre-tax income was $581M, up 16% YoY.

• Strategy emphasized profitable growth, disciplined credit and expense management, strong capital, and shareholder returns; management remains focused on progressing toward mid-teens returns.

• Over two years, retail auto and Corporate Finance assets grew nearly 15%, core ROTCE rose from 5% to 13%, and retail NCOs declined by more than 30 bps.

Financial highlights

• Adjusted total net revenue was $2.346B, up $189M YoY; GAAP net revenue was $2.332B, up $164M.

• Net financing revenue was $1.748B, up 10% YoY; adjusted other revenue was $579M, up $22M.

• Provision for credit losses was $529M, up $114M YoY; consolidated net charge-offs were $394M.

• Adjusted noninterest expense was $1.236B, down $4M YoY; the adjusted efficiency ratio improved to 45.7% from 50.0%.

• NIM excluding Core OID was 3.66%, up 11 bps YoY and 3 bps QoQ; reported NIM was 3.62%.

Outlook and guidance

• FY NIM excluding OID guidance was raised to 3.65%; Q4 NIM is expected at ~3.7%, with the medium-term target in the upper 3s.

• Adjusted other revenue is expected to rise 2%–4%; adjusted noninterest expense is expected flat to up 1%.

• Average earning asset growth guidance rose to 5%–6% YoY from 3%–5%; growth entails upfront CECL reserve build.

• Retail Auto NCOs are tracking toward the midpoint of 1.8%–2.0% guidance; consolidated NCOs are tracking toward the low end of 1.2%–1.3%. FY tax guidance remains 20%–22%.