Full Transcript: Ally Financial Q2 2026 Earnings Call

On Tuesday, Ally Financial (NYSE: ALLY ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

APIs provide real-time access to earnings call transcripts and financial data.

Visit to learn more.

The full earnings call is available at Summary Ally Financial reported a 22% increase in adjusted EPS to $1.21 and a 10% increase in adjusted net revenue to $2.3 billion year over year, driven by asset growth and margin expansion.

The company returned over $300 million to shareholders through share repurchases and maintained a strong balance sheet with a CET1 ratio increase of 20 basis points year over year.

Retail auto and corporate finance assets grew by $8 billion, reflecting a strong dealer-centric approach and record application volumes.

The digital bank saw a 7% increase in customer growth, with retail deposit balances at $144 billion, highlighting the shift towards digital-first experiences.

Management emphasized disciplined growth, focusing on accretive asset growth, credit performance, and the optimization of deposit pricing to support NIM expansion.

Future guidance includes expected asset growth of 3-5%, a tightened consolidated NCO range of 1.2-1.3%, and confidence in achieving a sustainable upper 3s net interest margin.

Operational highlights include strong performance in insurance and corporate finance, with a 32% ROE in the corporate finance segment.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to Ally Financial's second quarter 2026 earnings conference call.

At this time, all participants are in a listen-only mode.

After the speakers' presentation, there will be a question-and-answer session.

To ask a question during the session, you will need to press star 11 on your telephone.

You will then hear an automated message advising your hand is raised.

To withdraw your question, please press star 11 again.

Please be advised that today's conference is being recorded.

I'd now like to hand the conference over to Sean Leary, Chief Financial Planning and Investor Relations Officer.

Please go ahead.

Sean Leary, Chief Financial Planning and Investor Relations Officer Thank you.

Good morning and welcome to Ally Financial's second quarter 2026 earnings call.

This morning our CEO Michael Rhodes and our CFO Russ Hutchinson will review Ally's results before taking questions.

The presentation we'll reference can be found on the Investor Relations section of our website, ally.com.

Forward-looking statements and risk factor language governing today's call are on page two.

GAAP and non-GAAP measures pertaining to our operating performance and capital results are on page three.

As a reminder, non-GAAP, or core, metrics are supplemental to and not a substitute for U.S.

GAAP measures.

Definitions and reconciliations can be found in the appendix.

And with that I'll turn the call over to Michael.

Michael Rhodes, CEO Thank you Sean and good morning everyone.

I appreciate you joining us today.

Second quarter results were solid and reflect the progress we've made over the past several years to build a more focused, higher-performing company.

The strategic choices we've made are creating a franchise with meaningfully greater earnings power.

We are seeing that reflected not only in margin expansion and strong operating performance, but also our ability to invest for growth while simultaneously increasing capital returns to shareholders.