Ally Financial Inc. (ALLY)

Ally Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	11,444	11,054	8,130	6,486	6,598
Interest Income on Investments	1,423	1,354	895	615	764
Total Interest Income	12,867	12,408	9,025	7,101	7,362
Interest Paid on Deposits	6,388	5,819	1,987	1,045	1,952
Interest Paid on Borrowings	1,084	1,078	870	869	1,291
Total Interest Expense	7,472	6,897	2,857	1,914	3,243
Net Interest Income	5,395	5,511	6,168	5,187	4,119
Net Interest Income Growth (YoY)	-2.10%	-10.65%	18.91%	25.93%	-0.60%
Gain (Loss) on Sale of Investments	72	134	-252	427	406
Gain (Loss) on Sale of Equity Investments	-	4	102	132	161
Other Non-Interest Income	3,491	3,409	3,272	3,079	2,843
Total Non-Interest Income	3,587	3,563	3,174	3,725	3,520
Non-Interest Income Growth (YoY)	0.67%	12.26%	-14.79%	5.82%	8.88%
Revenues Before Loan Losses	8,982	9,074	9,342	8,912	7,639
Provision for Loan Losses	2,166	1,968	1,399	241	1,439
Revenue	6,816	7,106	7,943	8,671	6,200
Revenue Growth (YoY)	-4.08%	-10.54%	-8.40%	39.85%	-2.81%
Salaries and Employee Benefits	1,842	1,774	1,800	1,503	1,296
Occupancy Expenses	801	860	914	570	851
Selling, General & Administrative	-	435	466	381	305
Other Non-Interest Expense	3,219	2,805	2,421	2,226	2,182
Total Non-Interest Expense	5,862	5,874	5,601	4,680	4,634
EBT Excluding Unusual Items	954	1,232	2,342	3,991	1,566
Other Unusual Items	-	-	-	-136	-102
Pretax Income	836	1,083	2,342	3,855	1,414
Income Tax Expense	167	61	627	790	328
Earnings From Continuing Operations	669	1,022	1,715	3,065	1,086
Earnings From Discontinued Operations	-1	-2	-1	-5	-1
Net Income	668	1,020	1,714	3,060	1,085
Preferred Dividends & Other Adjustments	110	110	110	57	-
Net Income to Common	558	910	1,604	3,003	1,085
Net Income Growth	-34.51%	-40.49%	-43.99%	182.03%	-36.73%
Basic Shares Outstanding	307	304	317	363	376
Diluted Shares Outstanding	310	305	319	365	377
Shares Change (YoY)	1.65%	-4.24%	-12.75%	-3.16%	-4.63%
EPS (Basic)	1.82	3.00	5.06	8.28	2.89
EPS (Diluted)	1.80	2.98	5.04	8.23	2.88
EPS Growth	-39.67%	-40.77%	-38.77%	185.90%	-33.62%
Dividend Per Share	1.200	1.200	1.200	0.880	0.760
Dividend Growth	0%	0%	36.36%	15.79%	11.76%
Effective Tax Rate	19.98%	5.63%	26.77%	20.49%	23.20%

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