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Ally Financial reports third quarter 2021 financial results

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Ally Financial Inc. (NYSE: ALLY) reported its third quarter 2021 results, highlighting key financial metrics alongside the announcement of a $750 million cash acquisition of Fair Square Financial. This strategic move aims to enhance Ally's offerings in the financial services sector. The company reiterated its commitment to delivering value to customers through its diversified digital financial services platform. For detailed insights, a conference call is scheduled to discuss performance and the acquisition.

Positive
  • Announced acquisition of Fair Square Financial for $750 million, enhancing service offerings.
  • Diverse service portfolio including auto finance, digital banking, and investment advisory.
Negative
  • None.

CHARLOTTE, N.C., Oct. 21, 2021 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its third quarter 2021 financial results. In addition, the company announced that it has entered into a definitive agreement to acquire Fair Square Financial for $750 million in cash. View full press release in PDF.

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

Ally will host a conference call at 9 a.m. ET to review the company's performance and discuss the acquisition announcement. 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). In order to join the conference via dial-in, please pre-register via the following link at least 15 minutes before the call begins: https://www.directeventreg.com/registration/event/7052739. Upon registration, you will be provided with the conference dial-in number as well as the direct event passcode and a unique registrant ID.

Archive: A replay of the webcast will be available on the Ally Investor Relations website. A taped telephonic replay of this call will be made available from noon ET on October 21, 2021, until October 28, 2021. Please dial 855-859-2056 (or +1-404-537-3406 for international access) and enter the conference ID code 7052739 to access the taped replay.

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a digital financial services company committed to its promise to "Do It Right" for its consumer, commercial and corporate customers. Ally is composed of an industry-leading independent auto finance and insurance operation, an award-winning digital direct bank (Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products), a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. A relentless ally for all things money, Ally helps people save well and earn well, so they can spend for what matters. 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:

Daniel Eller
Ally Investor Relations  
704-444-5216
daniel.eller@ally.com

Jillian Palash
Ally Communications (Media)
704-644-6201
Jillian.palash@ally.com

Cision View original content:https://www.prnewswire.com/news-releases/ally-financial-reports-third-quarter-2021-financial-results-301405611.html

SOURCE Ally Financial

FAQ

What were Ally Financial's third quarter 2021 results?

Ally Financial reported its third quarter financial results on October 21, 2021, but specific figures were not disclosed in the press release.

What is the significance of Ally Financial's acquisition of Fair Square Financial?

The $750 million acquisition of Fair Square Financial aims to enhance Ally's financial services offerings and expand its market presence.

When will Ally Financial discuss its third quarter results?

Ally Financial will host a conference call on October 21, 2021, at 9 a.m. ET to discuss its performance and the acquisition announcement.

Ally Financial Inc.

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