Sector: Financials | Industry: Consumer Lending |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Ally Detroit Center 500 Woodward Ave. Floor 10 DETROIT MI 48226 |
Tel: | N/A |
Website: | https://www.ally.com |
IR: | See website |
Key People | ||
Douglas R. Timmerman Interim Chief Executive Officer, President of Dealer Financial Services, Chief Executive Officer of Ally Bank | Russell E. Hutchinson Chief Financial Officer | Diane E. Morais President - Consumer and Commercial Banking Products |
Jason E. Schugel Chief Risk Officer | David J. Debrunner Chief Accounting Officer, Vice President, Controller | Bradley J. Brown Corporate Treasurer |
Business Overview |
Ally Financial Inc. is a financial services company. The Company's segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, and Corporate Finance operations. The Automotive Finance operations segment is engaged in providing services, such as retail installment sales contracts, loans and operating leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, and other services. Insurance operations is a complementary automotive-focused business offering both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Mortgage Finance operations segment includes its direct-to-consumer Ally Home mortgage offering and bulk purchases of jumbo and LMI mortgage loans originated by third parties. The Corporate Finance operations segment provides senior secured asset-based and leveraged cash flow loans. |
Financial Overview |
For the fiscal year ended 31 December 2023, Ally Financial Inc interest income increased 31% to $13.96B. Net interest income after loan loss provision decreased 20% to $5.09B. Net income applicable to common stockholders excluding extraordinary items decreased 43% to $912M. Net interest income after loan loss provision reflects Automotive Finance operations segment decrease of 11% to $3.74B, Net Interest Margin. |
Employees: | 11,100 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $34,654M as of Dec 31, 2023 |
Annual revenue (TTM): | $13,958M as of Dec 31, 2023 |
EBITDA (TTM): | $3,391M as of Dec 31, 2023 |
Net annual income (TTM): | $912.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $1,426M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $20,229M as of Dec 31, 2023 |
Shares outstanding: | 303,959,432 as of Feb 15, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |