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# Ally Financial reports Q2 2026 net income of $367 million with adjusted EPS of $1.21
- URL: https://www.theglobalbanker.com/ally-financial-q2-2026-net-income-367-million-adjusted-eps-1-21/
- Published: 2026-07-22T14:01:00.000Z
- Updated: 2026-10-02T00:49:25.000Z
- Description: Ally Financial posted second-quarter net income of $367 million, up 13% YoY, and adjusted EPS of $1.21 on revenue of $2.29 billion and a 3.63% NIM excluding core OID.
- Author: TGB Editorial Team
- Tags: Banking News, Americas

Ally Financial reported second-quarter GAAP net income attributable to common shareholders of $367 million, up 13% year on year, and adjusted earnings per share of $1.21, slightly below analysts' consensus estimates, on total net revenue of $2.286 billion.

Net interest margin excluding original issue discount came in at 3.63% for the three months to the end of June, according to the release published on the group's investor relations site. That was up 11 basis points from the first quarter and 18 basis points from a year earlier; reported NIM was 3.59%.

#### MARGIN WIDENS

Net financing revenue was $1.7 billion, up $168 million year on year.

Provision for credit losses rose $46 million year on year to $430 million, as continued improvement in credit was offset by a reserve build associated with asset growth, while noninterest expense increased $57 million. "Our underwriting approach remains disciplined and responsive to market conditions, enabling us to grow while maintaining attractive risk-adjusted returns," chief executive Michael Rhodes said.

Consumer auto originations were $13.3 billion, from a record 4.6 million applications, and retail auto net charge-offs of 1.57% were down 18 basis points year on year. 

#### EPS FALLS JUST SHORT OF ESTIMATES

Adjusted EPS of $1.21, up 22% year on year, came in slightly below analysts' consensus estimates, a modest miss. GAAP EPS was $1.18, up 14% year on year.

On the evidence of the earnings release, Ally has closed the second quarter with revenue of $2.29 billion, a 3.63% net interest margin excluding core OID and net income 13% ahead of the prior year. "As we enter the second half of 2026, we are building on a position of strength," Rhodes said.