Q4 24 EPS
$0.78
BEAT +36.53%
Est. $0.57
Q4 24 Revenue
$2.03B
BEAT +0.08%
Est. $2.02B
vs S&P Since Q4 24
-1.0%
TRAILING MARKET
ALLY +19.3% vs S&P +20.3%
Full Year 2024 Results
FY 24 EPS
$2.35
MISS 20.44%
Est. $2.95
FY 24 Revenue
$8.18B
BEAT +0.80%
Est. $8.12B
Market Reaction
Did ALLY Beat Earnings? Q4 2024 Results
Ally Financial closed out 2024 with a stronger-than-expected fourth quarter, posting adjusted EPS of $0.78 against a consensus estimate of $0.57, a beat of 36.53%, as management's push to sharpen the company's focus on its core auto franchise began t… Read more Ally Financial closed out 2024 with a stronger-than-expected fourth quarter, posting adjusted EPS of $0.78 against a consensus estimate of $0.57, a beat of 36.53%, as management's push to sharpen the company's focus on its core auto franchise began to show tangible results. Revenue of $2.03 billion edged past the $2.02 billion estimate, though it reflected a 51.7% decline year over year, largely shaped by strategic exits including the pending sale of its Credit Card business, which alone triggered a $118 million partial goodwill impairment in the quarter. Net interest margin, excluding core OID, expanded 11 basis points year over year to 3.33%, supported by declining funding costs as the average retail deposit rate fell to 3.97% from 4.15% a year ago. The company is also ceasing new mortgage originations, part of a broader reorganization under CEO Michael Rhodes. Looking ahead, Ally guided 2025 NIM to 3.55%-3.65% and targets mid-teens Core ROTCE over time, signaling confidence in its streamlined operating model.
Key Takeaways
- • Lower funding costs driving NIM expansion of 11 bps YoY to 3.30%
- • Consumer auto originations of $10.3 billion, up $0.7 billion YoY with 49% in highest credit quality tier
- • Insurance written premiums of $390 million, up 17% YoY
- • Corporate Finance record quarterly pre-tax income of $120 million with zero net charge-offs in 2024
- • Retail deposit growth of $2.0 billion quarter over quarter with >95% customer retention
- • Retail auto portfolio yield (ex. hedge) increased 66 bps YoY to 9.09%
- • Adjusted efficiency ratio improved to 52.8% from 55.4% YoY
- • Core ROTCE of 11.3% in Q4 vs. 6.2% a year ago
- • Average retail deposit rate declined to 3.97% from 4.15% YoY
ALLY YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
ALLY Revenue by Segment
With YoY comparisons, source: SEC Filings
“As we enter 2025, I am encouraged by strong momentum across our business. This optimism is driven by an improved outlook on credit, a balance sheet well positioned for margin expansion, and continued disciplined management of expenses and capital. During the fourth quarter, we took significant steps to enhance returns and strengthen our competitive position in our core businesses. I am incredibly proud of this team's dedication and look forward to building upon this success.”
— Michael Rhodes, Q4 2024 Earnings Press Release
ALLY Earnings Trends
ALLY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ALLY EPS Trend
Earnings per share: estimate vs actual
ALLY Revenue Trend
Quarterly revenue: estimate vs actual
ALLY Quarterly Results
10 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.94 | $1.11 | +17.93% | $2.10B | -1.68% |
| Q4 25 BEAT FY | $1.02 | $1.09 | +6.54% | $2.12B | -0.94% |
| FY Full Year | — | $3.81 | — | $7.91B | — |
| Q3 25 BEAT | $1.01 | $1.15 | +14.08% | $2.17B | +2.88% |
| Q2 25 BEAT | $0.80 | $0.99 | +23.86% | $2.08B | +2.20% |
| Q1 25 BEAT | $0.42 | $0.58 | +36.76% | $1.54B | -21.79% |
| Q4 24 BEAT FY | $0.57 | $0.78 | +36.53% | $2.03B | +0.08% |
| FY Full Year | $2.95 | $2.35 | -20.44% | $8.18B | +0.80% |
| Q3 24 BEAT | $0.53 | $0.95 | +79.25% | $2.10B | +3.59% |
| Q2 24 BEAT | $0.64 | $0.97 | +51.56% | $2.00B | -1.48% |
| Q1 24 BEAT | $0.33 | $0.45 | +36.36% | $1.99B | +1.48% |
| Q4 23 BEAT FY | $0.45 | $0.45 | +0.00% | $2.07B | +3.57% |
| FY Full Year | — | $3.05 | — | $8.21B | — |