Ally Financial Reports First Quarter 2014 Financial Results

- Successfully completed initial public offering of common stock, resulting in U.S. Treasury receiving to-date approximately $500 million more than originally invested in Ally

- Net income of $227 million, $0.33 per diluted common share

- Core pre-tax income of $336 million

- Improved net financing revenue 24 percent year-over-year

- Received non-objection on CCAR; Tier 1 Common ratio strong at 9.1 percent

- Auto: U.S. earning assets up 6 percent; U.S. net financing revenue up 6 percent year-over-year; U.S. consumer financing originations of $9.2 billion

- Ally Bank: Retail deposit growth 17 percent year-over-year; serving approximately 825,000 primary customers, up 19 percent year-over-year

May 01, 2014, 08:00 ET from Ally Financial