Ally Financial Inc. (ALLY)

Ally Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	11,501	11,054	8,130	6,486	6,598	7,354
Interest Income on Investments	1,440	1,354	895	615	764	1,033
Total Interest Income	12,941	12,408	9,025	7,101	7,362	8,387
Interest Paid on Deposits	6,482	5,819	1,987	1,045	1,952	2,538
Interest Paid on Borrowings	1,099	1,078	870	869	1,291	1,705
Total Interest Expense	7,581	6,897	2,857	1,914	3,243	4,243
Net Interest Income	5,360	5,511	6,168	5,187	4,119	4,144
Net Interest Income Growth (YoY)	-5.65%	-10.65%	18.91%	25.93%	-0.60%	5.55%
Gain (Loss) on Sale of Investments	173	134	-252	427	406	252
Gain (Loss) on Sale of Equity Investments	13	4	102	132	161	62
Other Non-Interest Income	3,393	3,409	3,272	3,079	2,843	2,891
Total Non-Interest Income	3,600	3,563	3,174	3,725	3,520	3,233
Non-Interest Income Growth (YoY)	1.55%	12.26%	-14.79%	5.82%	8.88%	11.33%
Revenues Before Loan Losses	8,960	9,074	9,342	8,912	7,639	7,377
Provision for Loan Losses	2,196	1,968	1,399	241	1,439	998
Revenue	6,764	7,106	7,943	8,671	6,200	6,379
Revenue Growth (YoY)	-8.04%	-10.54%	-8.40%	39.85%	-2.81%	7.90%
Salaries and Employee Benefits	1,722	1,774	1,800	1,503	1,296	1,155
Occupancy Expenses	804	860	914	570	851	981
Selling, General & Administrative	426	435	466	381	305	304
Other Non-Interest Expense	2,938	2,805	2,421	2,226	2,182	1,970
Total Non-Interest Expense	5,890	5,874	5,601	4,680	4,634	4,410
EBT Excluding Unusual Items	874	1,232	2,342	3,991	1,566	1,969
Other Unusual Items	-	-	-	-136	-102	-2
Pretax Income	725	1,083	2,342	3,855	1,414	1,967
Income Tax Expense	-160	61	627	790	328	246
Earnings From Continuing Operations	885	1,022	1,715	3,065	1,086	1,721
Earnings From Discontinued Operations	-1	-2	-1	-5	-1	-6
Net Income	884	1,020	1,714	3,060	1,085	1,715
Preferred Dividends & Other Adjustments	110	110	110	57	-	-
Net Income to Common	774	910	1,604	3,003	1,085	1,715
Net Income Growth	-27.66%	-40.49%	-43.99%	182.03%	-36.73%	35.79%
Basic Shares Outstanding	306	304	317	363	376	393
Diluted Shares Outstanding	309	305	319	365	377	395
Shares Change (YoY)	1.59%	-4.24%	-12.75%	-3.16%	-4.63%	-7.55%
EPS (Basic)	2.53	3.00	5.06	8.28	2.89	4.36
EPS (Diluted)	2.51	2.98	5.04	8.23	2.88	4.33
EPS Growth	-31.54%	-40.77%	-38.77%	185.90%	-33.62%	46.94%
Dividend Per Share	1.200	1.200	1.200	0.880	0.760	0.680
Dividend Growth	0%	0%	36.36%	15.79%	11.76%	21.43%
Effective Tax Rate	-	5.63%	26.77%	20.49%	23.20%	12.51%

Source: S&P Capital IQ. Banks template. Financial Sources.