$ALLY · Ally Financial Inc.
Ally Financial filed its Q3 2026 10-Q, reporting diluted EPS of $1.30 on net income of $433M, with total net revenue of $2.332B (+7.6% YoY). For the nine months, net income reached $1.162B versus $525M in the prior year, which included a $305M goodwill impairment. The provision for credit losses increased to $529M from $415M, while the company redeemed $1.335B in Series B preferred stock and issued $987M in Series D.
- Q3 diluted EPS of $1.30 vs. $1.18 a year ago, a 10.2% increase.
- Total net revenue rose 7.6% YoY to $2.332B, driven by higher financing revenue.
- Provision for credit losses climbed to $529M from $415M, reflecting auto portfolio stress.
- Nine-month net income more than doubled to $1.162B from $525M, aided by no goodwill impairment in 2026.
- Comprehensive income swung to a $239M loss in Q3 due to $672M in OCI losses from rate moves.
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Ally's nine-month net income more than doubled year-over-year, but the 27.5% jump in credit provisions and $672M OCI hit signal growing tension between earnings momentum and balance-sheet stress.
Ally's 7.6% revenue growth and 126% nine-month net income surge outpace many regional bank peers, though rising credit provisions mirror industry-wide auto delinquency concerns.
Provision for credit losses rose 27.5% YoY to $529M in Q3, signaling deteriorating auto loan performance. Accumulated other comprehensive loss deepened to $3.38B, reflecting significant AFS securities markdowns from higher rates.