Ally Financial reported second quarter 2026 results, with adjusted earnings per share of $1.21, up 22% year-over-year. Core return on tangible common equity rose to 11.8%. Adjusted net revenue increased 10% year-over-year to $2.3 billion, driven by continued asset growth and margin expansion. Retail auto and corporate finance assets grew nearly $8 billion, or 8% year-over-year. Net interest margin improved 11 basis points sequentially to 3.63%. The company's balance sheet strengthened during the quarter, with Common Equity Tier 1 capital rising 20 basis points year-over-year. Chief Executive Officer Michael G. Rhodes stated the results demonstrate the company's strategy is working, positioning Ally to enhance profitability, support customers through economic cycles, and create long-term shareholder value. He noted the strategic choices made over recent years have created meaningfully greater earnings power.

Ally Financial has appointed Mark Mathewson as Chief Information and Data Officer, effective 20 July 2026. Mathewson brings over 25 years of technology leadership experience to the role. Most recently, he served as divisional chief information officer for Capital One's retail and commercial banking units, overseeing technology teams across the US, Mexico and India. During his 12-year tenure at Capital One, he rose from vice president to executive vice president. Prior to Capital One, Mathewson spent 12 years at Fannie Mae in various senior technology roles. He also worked in technology consulting at Deloitte and at early-stage startup admine.com. In his new role, Mathewson will lead Ally's technology and data organisation across all functions and business lines.

Ally Financial has elected Tracey Weber to its board of directors, expanding the board to 12 members. Weber brings over 20 years of digital and technology leadership experience to the role. Weber currently serves as senior vice president and general manager of Expedia Brand and Portfolio Brands at Expedia Group, leading global strategy for the Expedia brand. She previously held senior positions at CVS Health, IBM and Gilt Groupe. Earlier in her career, she led internet and mobile banking at Citibank, where she launched mobile check deposit and was named "Mobile Banker of the Year". The appointment continues Ally's board refresh, which has added seven new directors since 2022. Weber holds a bachelor's degree in economics from Harvard University and an MBA from Wharton.