Ally Financial Inc. reported third-quarter core net income attributable to common shareholders of $396 million, or $1.01 per share, an increase from $386 million, or 91 cents per share, in the year-ago period.
The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 98 cents.
On a GAAP basis, the company reported a year-over-year increase in net income attributable to common shareholders of $381 million, or 97 cents per share, from $374 million, or 88 cents per share.
Ally reported total net revenue of $1.60 billion, an increase from the year-ago figure of $1.51 billion. Consumer auto originations were $9.3 billion, a 14% increase from the year-ago figure of $8.1 billion.
Ally Bank recorded total deposits of $119.2 billion at the end of the third quarter, a $17.9 billion increase from the year-ago period. Retail deposits comprised $101.3 billion of the total deposits, and these deposits posted a 20% year-over-year increase. The company said it is the first time its retail deposits have reached the $100 billion mark.
Total noninterest expense was up year over year to $838 million from $807 million.