false 0000040729 0000040729 2025-03-04 2025-03-04

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of report

March 4, 2025

(Date of report; date of earliest event reported)

Commission file number: 1-3754

 

 

Ally Financial Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   38-0572512

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

Ally Detroit Center

500 Woodward Avenue, Floor 10

Detroit, Michigan 48226

(Address of principal executive offices)

(Zip Code)

(866) 710-4623

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

symbols

  

Name of each exchange

on which registered

Common Stock, par value $0.01 per share   ALLY   NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01

Other Events.

On March 3, 2025, Ally Financial Inc. (“Ally”) executed a balance sheet repositioning of a portion of its available-for-sale investment securities portfolio by selling lower-yielding securities with an amortized cost of approximately $2.8 billion for proceeds of approximately $2.5 billion, resulting in a pre-tax loss of approximately $250 million in the first quarter of 2025. Ally reinvested the proceeds into shorter duration highly liquid securities at current market rates. Ally expects the repositioning to reduce its CET1 ratio by approximately 12 basis points and modestly increase net interest income and net interest margin going forward.

This Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Ally’s expectations regarding the impact of its balance sheet repositioning. Forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2024, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (collectively, our “SEC filings”). Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent SEC filings.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

Ally Financial Inc.

(Registrant)

Date:   March 4, 2025   By:  

/s/ David J. Debrunner

    Name:   David J. DeBrunner
    Title:   Vice President, Chief Accounting Officer and Controller
v3.25.0.1
Document and Entity Information
Mar. 04, 2025
Cover [Abstract]  
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Entity Central Index Key 0000040729
Document Type 8-K
Document Period End Date Mar. 04, 2025
Entity File Number 1-3754
Entity Registrant Name Ally Financial Inc.
Entity Incorporation State Country Code DE
Entity Tax Identification Number 38-0572512
Entity Address, Address Line One Ally Detroit Center
Entity Address, Address Line Two 500 Woodward Avenue
Entity Address, Address Line Three Floor 10
Entity Address, City or Town Detroit
Entity Address, State or Province MI
Entity Address, Postal Zip Code 48226
City Area Code (866)
Local Phone Number 710-4623
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $0.01 per share
Trading Symbol ALLY
Security Exchange Name NYSE
Entity Emerging Growth Company false
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