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Ally Financial Inc. NYSE : ALLY www.ally.com/about News release : IMMEDIATE RELEASE QUARTERLY HIGHLIGHTS CEO COMMENTS ● $ 2.33 ADJUSTED EPS¹ ● ● ● ● Ally Financial Reports Second Quarter 2021 Financial Results $ 2.41 24.1 % GAAP EPS RETURN ON COMMON EQUITY 26.7 % CORE ROTCE¹ ( $ millions except per share data ) GAAP Net Income Core Net Income¹ GAAP Earning per Common Share Adjusted EPS¹ Consumer auto originations of $ 12.9 billion , from a record 3.5 million decisioned applications - 7.15 % Estimated Retail Auto Originated Yield¹ | Strongest retail auto credit performance on record with 0.03 % of net recoveries Insurance written premiums of $ 301 million | Highest 2Q consumer F & I written premiums | Lower incurred weather losses in 2Q Retail deposits of $ 129.2 billion , up 12 % YoY , and up $ 0.9 billion QoQ Total retail deposit customers of 2.39 million , up 60 thousand QoQ , and up 12 % YoY Ally Home® direct - to - consumer mortgage originations of $ 2.2 billion , up 81 % YoY Ally Invest brokerage net customer assets of $ 15.6 billion , up 62 % YoY | Self - directed accounts up 11 % YoY to 429 thousand Ally Lending gross originations of $ 299 million , up 283 % YoY | 2.6 thousand merchants , up 31 % YoY Corporate Finance held - for - investment portfolio of $ 6.2 billion , up 2 % YoY | Robust investment income and syndication activity Approved 3Q21 common dividend of $ 0.25 per share , up 32 % QOQ | Increased 2021 share buyback program 25 % to $ 2.0 billion Contributed $ 50 million to the Ally Charitable Foundation Return ( NIAC ) on GAAP Shareholder's Equity Core ROTCE1¹ GAAP Total Net Revenue Adjusted Total Net Revenue¹ " Ally's robust second quarter performance , including record revenue and income , reflects years of execution and a deliberate strategy to position ourselves to capitalize on market opportunities across operating environments , " said Ally Chief Executive Officer Jeffrey J. Brown . " Anchored by our leading Auto Finance and Ally Bank franchises , and a transformed funding profile , our strong core earnings and PPNR¹ trends reflect a structurally enhanced business model that is positioned to deliver sustainable returns for our shareholders . " Our strong financial trajectory , coupled with our ' Do it Right ' culture , represent a powerful combination as we continue to serve our customers , employees and communities . I'm particularly proud to announce that we eliminated overdraft fees on all accounts in the second quarter , enhanced retirement benefits for employees , and made a $ 50 million contribution to the Ally Charitable Foundation , our largest donation as a publicly traded company . " GAAP Pre - Tax , Pre - Provision Net Revenue Core Pre - Tax , Pre - Provision Net Revenue¹ GAAP Common Shareholder's Equity per Share Adjusted Tangible Book Value per Share¹ $ $ Second Quarter 2021 Financial Results $ LA CA $ $ LA CA $ LA LA $ $ 900MM GAAP NET INCOME $ $ 868MM CORE NET INCOME¹ $ EA EA $ 2Q 21 900 $ 868 $ 2.41 2.33 $ 24.1 % 26.7 % 2,085 $ 2,145 $ 1,010 $ 1,070 41.93 $ 38.83 $ 1Q 21 796 790 21.7 % 24.1 % $ 2.11 $ 1,937 1,930 LA GA 994 987 $ 2.09 $ LA CA $ LA LA $ $ 2.09B GAAP TOTAL NET REVENUE $ $ $ 2.14B ADJUSTED TOTAL NET REVENUE ¹ 39.34 $ 36.16 $ 2Q 20 ally 241 228 0.64 0.61 7.1 % 7.6 % 1,609 1,528 624 593 36.98 33.73 % Increase / ( Decrease ) vs. 2Q 20 1Q 21 13 % 10 % 14 % 11 % 11 % 11 % 8 % 11 % 2 % 8 % 7 % 7 % 273 % 281 % 276 % 284 % 242 % 253 % 30 % 40 % 62 % 80 % 13 % 15 % ' The following are non - GAAP financial measures which Ally believes are important to the reader of the Consolidated Financial Statements , but which are supplemental to and not a substitute for GAAP measures : Adjusted Earnings per Share ( Adjusted EPS ) , Adjusted Total Net Revenue , Core Pre - Tax Income , Core Net Income Attributable to Common Shareholders , Core Pre - Tax Pre - Provision Net Revenue ( Core PPNR ) , Core OID , Core Return on Tangible Common Equity ( Core ROTCE ) , Estimated Retail Auto Originated Yield , Tangible Common Equity , Net Financing Revenue ( excluding Core OID ) and Adjusted Tangible Book Value per Share ( Adjusted TBVPS ) . These measures are used by management and we believe are useful to investors in assessing the company's operating performance and capital . Refer to the Definitions of Non - GAAP Financial Measures and Other Key Terms , and Reconciliation to GAAP later in this press release .