Ally Financial Inc. (NYSE:ALLY) Q4 2023 Earnings Conference Call January 19, 2024 9:00 AM ET

Company Participants

Sean Leary - Head of Investor Relations

Jeff Brown - Chief Executive Officer

Doug Timmerman - Interim Chief Executive Officer

Russ Hutchinson - Chief Financial Officer

Conference Call Participants

Ryan Nash - Goldman Sachs

Sanjay Sakhrani - KBW

Jeff Adelson - Morgan Stanley

Rick Shane - JPMorgan

John Hecht - Jefferies

Operator

Good day, and thank you for standing by. Welcome to Ally Financial Fourth Quarter and Full Year 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session. [Operator Instructions] Be advised that today's conference is being recorded.

I would now like to turn the call over to 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 2023 earnings call.

This morning, our CEO, Jeff Brown, and our CFO, Russ Hutchinson, will review Ally's results before taking questions. Interim CEO, Doug Timmerman, has also joined today's call. The presentation we'll 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'll turn the call over to JB.

Jeff Brown

Thank you, Sean. Good morning, everyone.

Before we get into the results, I want to introduce and welcome Doug Timmerman, who will take over as Interim CEO on February 1. Doug has spent more than 30 years in our auto finance and insurance businesses and is incredibly well positioned to lead Ally. His experience in the industry is unrivaled. He is well respected across all areas of the company, and he has the full support and confidence of our Board, our leadership team, our employee base and also our auto finance customer base. We're very fortunate to have a great leader in Doug and a deep bench across the company to ensure a seamless transition now and when we name our permanent CEO. Doug, congratulations and maybe you'd like to share a couple of comments.