Ally Financial Inc. (NYSE:ALLY) Q4 2024 Earnings Conference Call January 22, 2025 9:00 AM ET

Company Participants

Sean Leary - Head of IR
Michael Rhodes - CEO
Russ Hutchinson - CFO

Conference Call Participants

Ryan Nash - Goldman Sachs
Sanjay Sakhrani - KBW
Robert Wildhack - Autonomous Research
Moshe Orenbuch - TD Cowen
Mark DeVries - Deutsche Bank

Operator

Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 Ally Financial 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 Leary

Thank you, Daniel. Good morning, and welcome to Ally Financial's fourth quarter and full year 2024 earnings call. This morning, our CEO, Michael Rhodes; and our CFO, Russ Hutchinson, will review Ally's results before taking questions. 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. Please note that the company made a change in our accounting methodology for electric vehicle tax credits, as previewed in recent quarters.

Figures for 2023 and 2024 presented under the new deferral method of accounting. For certain metrics, we've shown results under both deferral and the prior flow-through methodology. Definitions and reconciliations can be found in the appendix.

And with that, I'll turn the call over to Michael.

Michael Rhodes

Thank you, Sean. Good morning, everyone, and thank you for joining the call.

Before we begin, I