Ally Financial Q2 GAAP EPS rises 14% to $1.18 as pre-tax income climbs 23%
Ally Financial reported preliminary second-quarter 2026 results, with GAAP earnings per share of $1.18, up from $1.04 a year earlier, and adjusted EPS of $1.21, up from $0.99. Pre-tax income rose to $537 million, and the company said its results reflect higher revenue and continued credit improvement, though provision for credit losses also increased. Shareholders benefit from higher earnings and a rising return on equity, while the company also repurchased $148 million of shares during the quarter.
Key points
- GAAP EPS of $1.18 versus $1.04 in Q2 2025; adjusted EPS of $1.21 versus $0.99
- GAAP pre-tax income of $537 million, up $101 million year over year
- Provision for credit losses rose $46 million to $430 million, driven by CECL reserve build on asset growth
- Ally repurchased $148 million of shares and paid a $0.30 quarterly common dividend
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.