Ally finance inc full#

Brad will cover losses in more detail as well as our current thinking for this year. In the fourth quarter, net charge-offs increased to 166 basis points as we saw accelerated normalization within the quarter. Net charge-offs in retail auto were 97 basis points for the year. Industry vehicle sales remain below pre-pandemic levels, but our ability to generate strong originations shows the benefits of our scale and depth of application flow. In total, we put nearly 400 basis points of price into the market, largely in line with changes in the Fed Funds rate.

Ally finance inc full#

The average originated yield of 824 basis points expanded 114 basis points on a full year basis. Within auto finance, consumer originations of $46 billion were sourced from 12.5 million applications across more than 23,000 dealer relationships. We maintain healthy levels of capital, reserves and liquidity, which position us well for this dynamic environment. We built businesses that are nimble and able to pivot against the fluid backdrop. We completed $1.7 billion of share repurchases over the course of the year, and this week, our Board approved a first quarter 2023 common dividend of $0.30 per share. ROTCE was approximately 16%, excluding the impact of OCI. Full year adjusted EPS of $6.06, core ROTCE of 20.5%, and revenues of $8.7 billion reflected another year of solid financial results. We appreciate you joining us to review our fourth quarter and full year results. And with that, I will turn the call over to J.B. Definitions and reconciliations can be found in the appendix. As a reminder, non-GAAP or core metrics are supplemental to and not a substitute for U.S. GAAP and non-GAAP measures pertaining to our operating performance and capital results are on Slides 3 and 4. Forward-looking statements and risk factor language governing today's call are on Slide 2. The presentation we will reference can be found on the Investor Relations section of our website,. This morning, our CEO, Jeff Brown and our Interim CFO, Brad Brown, will review Ally's results before taking questions. Good morning and welcome to Ally Financial's fourth quarter and full year 2022 earnings call. I would now like to hand the conference over to Mr.

Please be advised that today's conference is being recorded. Welcome to the Fourth Quarter Ally Financial Inc. Operator: Good day and thank you for standing by. (NYSE: ALLY) Q4 2022 Earnings Call Transcript January 20, 2023