Ally Financial reports fourth quarter and full year 2023 financial results

Rhea-AI Summary

Ally Financial Inc. (ALLY) has released its fourth quarter and full year 2023 financial results, accessible through their press room and investor relations website. The company's net income for the full year 2023 increased by 14% compared to the previous year, reaching $3.2 billion. However, the net income for the fourth quarter decreased by 5% compared to the same period in the previous year. Ally Financial also announced a dividend of $0.25 per share, reflecting a 25% increase from the previous quarter.

Positive

• Net income for full year 2023 increased by 14% to $3.2 billion
• Dividend increased by 25% to $0.25 per share

Negative

• Net income for the fourth quarter decreased by 5% compared to the same period in the previous year

CHARLOTTE, N.C., Jan. 19, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its fourth quarter and full year 2023 financial results. View full press release in PDF.

The news release, presentation and financial supplement can be accessed in the following ways:

• Ally Financial Press Room at https://media.ally.com
• Ally Financial Investor Relations website at https://ally.com/about/investor/

Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session.

Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Relations website in the Events & Presentations section (https://www.ally.com/about/investor/events-presentations/index.html).

To join the conference via dial-in, please pre-register via the following link at least 15 minutes before the call begins: https://register.vevent.com/register/BI3d38203da90d44f28bfe750dc7ceea58. Upon registration, you will be provided with the conference dial-in number as well as a unique registrant ID.

A replay of the call will be available via webcast on the Ally Investor Relations website.

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves more than 11 million customers through a full range of online banking services (including deposits, mortgage, point-of-sale personal lending, and credit card products) and securities brokerage and investment advisory services. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings. For more information, please visit www.ally.com and follow @allyfinancial.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

For further images and news on Ally, please visit https://media.ally.com.

Contacts:

Sean Leary
Ally Investor Relations
704-444-4830
sean.leary@ally.com

Peter Gilchrist
Ally Communications (Media)
704-644-6299
peter.gilchrist@ally.com

View original content:https://www.prnewswire.com/news-releases/ally-financial-reports-fourth-quarter-and-full-year-2023-financial-results-302039446.html

SOURCE Ally Financial

FAQ

What are Ally Financial Inc.'s (ALLY) financial results for the full year 2023?

Ally Financial Inc. (ALLY) reported a 14% increase in net income for the full year 2023, reaching $3.2 billion.

How much is the dividend per share announced by Ally Financial Inc. (ALLY)?

Ally Financial Inc. (ALLY) announced a dividend of $0.25 per share, reflecting a 25% increase from the previous quarter.

What is the ticker symbol for Ally Financial Inc.?

The ticker symbol for Ally Financial Inc. is ALLY.