Ally Financial Inc 2025年度报告

GAAP andCore Results:Annual 2Non-GAAP financial measure. Key metrics $40.38 Adjusted TBV1/share+19% Year Over Year (YoY) Growth 10.4% Core ROTCE1 $1,628M Core Pre-Tax Income1 $3.81 Adjusted EPS1 62% YoY Growth “ Focused. Forward.representsour ambition to create somethingextraordinary. Dear FellowShareholders, Our ambition starts with our colleagues. We arededicated to attracting and developing superior talentand supporting everyone to reach their full potential. Itis then reflected in how we show up for our customers,with an unwavering “Do it Right” approach. Our attitude isevident in how we do our work, and it leaves no room forcomplacency. As I reflect on my first full year as Chief Executive Officer ofAlly Financial, I am grateful for the strong foundation thathas been built over many years, and optimistic for whatlies ahead. The strength of our foundation starts with our purpose-driven approach which centers, quite literally, on ourname – to be a financial Ally for our customers. It isreinforced by a culture that is anchored in a “Do it Right”ethos. Our foundation is then underpinned by our strongcore franchises – Dealer Financial Services, CorporateFinance and Ally Bank. My optimism for the path ahead is fueled by thisambition and attitude as well as the strategic refreshwe undertook in 2025. We called our refresh … Focused.Forward. Focus means we are investing in businessesand segments where we have clear advantages and areason to win – places where we are unique and special.Forward represents our ambition to create somethingExtraordinary. When I consider the path forward, I see it as a journeyshared with our 10,000 colleagues. Together, we arecommitted to creating a stronger institution every day- one that is better positioned competitively, financiallyand culturally. We talk about creating something“Extraordinary.” Being Extraordinary is reflected in ourfinancial and operational goals, but it’s not solely definedby them. We also believe that being Extraordinary is ajourney, an ambition and an attitude. Our refreshed strategy is built on clear choices aboutwhere we compete and how we will win. These choicestake us down a different path from others. Those whofollow the crowd, never get further than the crowd. We area bank with no branches. We’ve narrowed our product 4 • Annual Report 2025 offerings to capitalize on our competitive advantages.With our commercial and dealer business, we lead withlong-standing relationships anchored in trust and athrough-the-cycle approach. In our consumer business,we win customers with a leading, branded digitaloffering, and we keep them by delivering an exceptionalexperience every day. what make this possible and support my optimism forwhat lies ahead. Each operates in large addressablemarkets, where fragmentation creates meaningfulroom to grow. Each franchise has a clear reason to win– relevant scale, differentiated capabilities, and long-standing, trusted relationships. The progress we achievedin 2025 validates these advantages, and we believe theyare both real and durable. Our strategic choices are then backed by disciplinedexecution. This means we operate smarter, move faster,and deliver improved effectiveness and efficiency.Sustainable advantage will not come from dramaticmoves, but from a persistent effort to do things a bitbetter each day. Dealer FinancialServices:As thecountry’s largest bankauto finance provider,we demonstratedthe strength of Ally’sthrough-the-cycle,dealer-centricmodel, built on deeprelationships and ahigh-tech, high-touchapproach. In 2025, wedecisioned 15.5 millionapplications, an Allyrecord, and delivered $43.7 billion in consumer autooriginations, up 11% versus 2024. Our scale and dealernetwork allow us to grow with discipline, optimizing ouroriginations for both price and credit. Growth in ConsumerAuto OriginationsYear Over Year11% Our results validate that we are on the right path. Full-year 2025 adjusted earnings per share of $3.81 wasup 62% over the prior year and core return on tangiblecommon equity of 10.4% increased more than 300 basispoints vs. 2024. Moreover, we strengthened our capitalposition with CET1, including AOCI, up 120bps year overyear. As a testament to the progress we’ve made and ourconfidence in our trajectory, in December, we announceda share repurchase program with an open ended $2billion authorization. These financial results reflect the impact of our refreshedapproach and the actions behind it. We exited non-corebusinesses and invested in the places where we haveclear competitive differentiation. We repositioned oursecurities portfolio to reduce interest rate risk, bolsteredcapital, and sharpened our credit risk managementstrategies. At the same time, we maintained expensediscipline while investing in people, process, technology,and marketing to position us to win tomorrow and in theyears ahead. Our commercial auto product offering is an importantcomponent of our dealer value proposition tha