Ally Financial Inc (N:ALLY)

Business Focus: Consumer Leasing

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
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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

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