Ally Financial Inc. (NYSE:ALLY) Q4 2022 Earnings Conference Call January 20, 2023 9:00 AM ET
Company Participants
Sean Leary - Head, Investor Relations
Jeff Brown - Chief Executive Officer
Brad Brown - Interim Chief Financial Officer
Conference Call Participants
Moshe Orenbuch - Credit Suisse
Ryan Nash - Goldman Sachs
Bill Carcache - Wolfe Research
Betsy Graseck - Morgan Stanley
Operator
Good day and thank you for standing by. Welcome to the Fourth Quarter Ally Financial Inc. 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 Mr. Sean Leary, Head of Investor Relations. Please go ahead.
Sean Leary
Thank you, Carmen. Good morning and welcome to Ally Financial’s fourth quarter and full year 2022 earnings call. This morning, our CEO, Jeff Brown; and our Interim CFO, Brad Brown, will review Ally’s results before taking questions. The presentation we 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 Slides 3 and 4. As a reminder, non-GAAP or core metrics are supplemental to and not a substitute for U.S. GAAP measures. Definitions and reconciliations can be found in the appendix.
And with that, I will turn the call over to J.B.
Jeff Brown
Thank you, Sean. Good morning. We appreciate you joining us to review our fourth quarter and full year results. I will start on Page #5.
Full year adjusted EPS of $6.06, core ROTCE of 20.5%, and revenues of $8.7 billion reflected another year of solid financial results. ROTCE was approximately 16%, excluding the impact of OCI. We completed $1.7 billion of share repurchases over the course of the year, and this week, our Board approved a first quarter 2023 common dividend of $0.30 per share.
We built businesses that are nimble and able to pivot against the fluid backdrop. We maintain healthy levels of capital, reserves and liquidity, which position us well for this dynamic environment. Within auto finance, consumer originations of $46 billion were sourced from 12.5 million applications across more than 23,000 dealer relationships. The average originated yield of 824 basis points expanded 114 basis points on a full year basis. In total, we put nearly 400 basis points of price into the market, largely in line with changes in the Fed Funds rate.