Ally Financial (ALLY) Q3 2022 Earnings Call Transcript

Ally Financial (ALLY) Q3 2022 Earnings Call Transcript

October 19, 2022 Off By administrator

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Ally Financial (ALLY -5.32%)
Q3 2022 Earnings Call
Oct 19, 2022, 9:00 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by. Welcome to the Ally Financial third quarter 2022 earnings conference call. [Operator instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Sean Leary, head of investor relations.

Please go ahead.

Sean LearyHead of Investor Relations

Thank you, Carmen. Good morning and welcome to Ally Financial’s third quarter 2022 earnings call. This morning, our CEO, Jeff Brown; and our interim CFO, Brad Brown will review Ally’s results before taking questions. Jenn LaClair has also joined for the beginning of today’s call.

The presentation will reference can be found on the Investor Relations section of our website, ally.com. Forward-looking statements and risk factor language governing today’s call are on Slide 2. GAAP and non-GAAP measures pertaining to our operating performance and capital results are on Slide 3. As a reminder, non-GAAP or core metrics are supplemental to and not a substitute for US GAAP measures.

Definitions and reconciliations can be found in the appendix. And with that, I will turn the call over to J.B.

Jeff BrownChief Executive Officer

Thank you, Sean. Good morning, everyone. Before diving into the results, I’d like to express my sincere thanks and appreciation to Jenn LaClair, who we announced yesterday, will be leaving the company over the coming months. Jenn has been instrumental in our company’s evolution over the past five years.

She’s been a great partner to me, but more importantly, a great leader to Ally and a great person. She’s been a champion of Ally’s do-it-right culture from day one. And while we’re sad to see her go, we’re grateful for her contributions to the company and wish her the best in this next chapter. Obviously, CFO transitions are never easy, but we have a strong bench in place that will work closely with me while we launch a search.

I am thankful for both Brad and Sean stepping up in the days to come. I know Jenn is excited to pursue her next chapter of opportunities and candidly that’s hard to do while serving as a CFO. So we mutually determined now is the best time for a change and in advance of an even more fluid macro environment. Jenn, thank you for everything, and I’d like to turn it over to you for a few remarks.

Jenn LaClairChief Financial Officer

Great. Thank you so much for the kind words J.B. I very much appreciated my time here at Ally, including all your support, friendship, and partnership. These last five years have been some of the most rewarding in my career.

I’m proud of all we have accomplished as a team and having reached both the personal and professional milestones I set out for myself. I’m proud to be leaving Ally in a stronger, better position…

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