v3.26.1
Finance Receivables and Loans, Net (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The composition of finance receivables and loans reported at amortized cost basis was as follows.
($ in millions)March 31, 2026December 31, 2025
Consumer automotive (a)$86,662 $85,568 
Consumer mortgage (b)15,311 15,572 
Total consumer101,973 101,140 
Commercial
Commercial and industrial
Automotive18,972 18,339 
Other11,093 10,309 
Commercial real estate7,852 7,666 
Total commercial37,917 36,314 
Total finance receivables and loans (c) (d)$139,890 $137,454 
(a)Certain finance receivables and loans are included in fair value hedging relationships. Refer to Note 18 for additional information.
(b)Includes loans originated as interest-only mortgage loans of $2 million at both March 31, 2026, and December 31, 2025, of which all have exited the interest-only period.
(c)Totals include net unearned income, unamortized premiums and discounts, and deferred fees and costs of $2.5 billion and $2.4 billion at March 31, 2026, and December 31, 2025, respectively.
(d)Totals do not include accrued interest receivable, which was $790 million and $800 million at March 31, 2026, and December 31, 2025, respectively. Accrued interest receivable is included in other assets on our Condensed Consolidated Balance Sheet.
Schedule of Allowance for Credit Losses on Financing Receivables
The following tables present an analysis of the activity in the allowance for loan losses on finance receivables and loans for the three months ended March 31, 2026, and 2025, respectively.
Three months ended March 31, 2026 ($ in millions)
Consumer automotiveConsumer mortgageCommercialTotal
Allowance at January 1, 2026$3,208 $12 $270 $3,490 
Charge-offs (a)(671)— (1)(672)
Recoveries247 8 — 255 
Net charge-offs(424)8 (1)(417)
Provision for credit losses467 (9)9 467 
Other(1)— 1 — 
Allowance at March 31, 2026
$3,250 $11 $279 $3,540 
(a)Refer to Note 1 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for information regarding our charge-off policies.
Three months ended March 31, 2025 ($ in millions)
Consumer automotiveConsumer mortgageConsumer other (a)CommercialTotal
Allowance at January 1, 2025$3,170 $19 $319 $206 $3,714 
Charge-offs (b)(676)— (68)(1)(745)
Recoveries231 1 5 1 238 
Net charge-offs(445)1 (63)— (507)
Provision for credit losses418 — (257)30 191 
Other1 (2)1 — — 
Allowance at March 31, 2025
$3,144 $18 $— $236 $3,398 
(a)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for additional information.
(b)Refer to Note 1 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for information regarding our charge-off policies.
Schedule of Sales of Financing Receivables and Loans
The following table presents sales of finance receivables and loans and transfers of finance receivables and loans from held-for-investment to held-for-sale based on net carrying value.
Three months ended March 31,
($ in millions)20262025
Consumer other (a)$— $2,248 
Commercial7 73 
Total sales and transfers$7 $2,321 
(a)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025. Refer to Note 2 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for additional information.
Schedule of Purchases of Financing Receivables and Loans
The following table presents purchases of finance receivables and loans based on unpaid principal balance at the time of purchase.
Three months ended March 31,
($ in millions)20262025
Consumer automotive$1,622 $749 
Consumer mortgage— 8
Commercial2 — 
Total purchases of finance receivables and loans$1,624 $757 
Schedule of Financing Receivables, Nonaccrual Status
The following tables present the amortized cost basis of our finance receivables and loans on nonaccrual status. All consumer or commercial finance receivables and loans that were 90 days or more past due were on nonaccrual status as of March 31, 2026, and December 31, 2025. Refer to Note 1 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for additional information on our accounting policy for finance receivables and loans on nonaccrual status.
March 31, 2026
($ in millions)Nonaccrual status at Jan. 1, 2026Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,155 $1,128 $410 
Consumer mortgage62 62 40 
Total consumer1,217 1,190 450 
Commercial
Commercial and industrial
Automotive15 3 3 
Other124 112 3 
Commercial real estate10 1 1 
Total commercial149 116 7 
Total finance receivables and loans (b)$1,366 $1,306 $457 
(a)Represents a component of nonaccrual status at end of period.
(b)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $13 million for the three months ended March 31, 2026.
December 31, 2025
($ in millions)Nonaccrual status at Jan. 1, 2025Nonaccrual statusNonaccrual with no allowance (a)
Consumer automotive$1,231 $1,155 $416 
Consumer mortgage54 62 44 
Consumer other (b)90 — — 
Total consumer1,375 1,217 460 
Commercial
Commercial and industrial
Automotive15 15 15 
Other (c)94 124 — 
Commercial real estate2 10 10 
Total commercial111 149 25 
Total finance receivables and loans (d)$1,486 $1,366 $485 
(a)Represents a component of nonaccrual status at end of period.
(b)Consists of credit card finance receivables and loans. We closed the sale of Ally Credit Card on April 1, 2025.
(c)Includes PCD loans acquired during the year ended December 31, 2025.
(d)We recorded interest income from cash payments associated with finance receivables and loans on nonaccrual status of $4 million for the three months ended March 31, 2025.
Schedule of Financing Receivable Credit Quality Indicators
The following tables present the amortized cost basis of our consumer finance receivables and loans by credit quality indicator based on delinquency status and origination year.
Origination yearRevolving loans converted to term
March 31, 2026 ($ in millions)
202620252024202320222021 and priorRevolving loansTotal
Consumer automotive
Current$10,303 $30,792 $17,844 $11,317 $7,695 $4,750 $— $— $82,701 
30–59 days past due24 563 567 529 477 356 — — 2,516 
60–89 days past due1 200 236 236 226 153 — — 1,052 
90 or more days past due— 83 90 89 86 69 — — 417 
Total consumer automotive (a)10,328 31,638 18,737 12,171 8,484 5,328 — — 86,686 
Consumer mortgage
Current— — 12 26 1,670 13,506 — 7 15,221 
30–59 days past due— — — — 3 35 — — 38 
60–89 days past due— — — 1 1 8 — — 10 
90 or more days past due— — — 1 5 34 — 2 42 
Total consumer mortgage— — 12 28 1,679 13,583 — 9 15,311 
Total consumer$10,328 $31,638 $18,749 $12,199 $10,163 $18,911 $— $9 $101,997 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost basis excludes a liability of $24 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at March 31, 2026. These basis adjustments would be allocated to the amortized cost basis of specific loans within the pool if the hedge was dedesignated. Refer to Note 18 for additional information.
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive
Current$33,588 $19,891 $12,759 $8,885 $4,253 $1,696 $— $— $81,072 
30–59 days past due483 638 632 600 339 137 — — 2,829 
60–89 days past due156 272 295 284 148 60 — — 1,215 
90 or more days past due55 99 103 101 59 29 — — 446 
Total consumer automotive (a)34,282 20,900 13,789 9,870 4,799 1,922 — — 85,562 
Consumer mortgage
Current— 15 28 1,690 9,117 4,618 — 7 15,475 
30–59 days past due— — 2 5 11 17 — — 35 
60–89 days past due— — — 1 6 7 — — 14 
90 or more days past due— — — 5 16 25 — 2 48 
Total consumer mortgage— 15 30 1,701 9,150 4,667 — 9 15,572 
Total consumer$34,282 $20,915 $13,819 $11,571 $13,949 $6,589 $— $9 $101,134 
(a)Certain consumer automotive loans are included in fair value hedging relationships. The amortized cost basis excludes an asset of $6 million related to basis adjustments for loans in closed portfolios with active hedges under the portfolio layer method at December 31, 2025. These basis adjustments would be allocated to the amortized cost basis of specific loans within the pool if the hedge was dedesignated. Refer to Note 18 for additional information.
The following tables present the amortized cost basis of our commercial finance receivables and loans by credit quality indicator based on risk rating and origination year.
Origination yearRevolving loans converted to term
March 31, 2026 ($ in millions)
202620252024202320222021 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$630 $923 $340 $243 $254 $167 $14,816 $— $17,373 
Special mention— 5 — 15 9 5 1,509 — 1,543 
Substandard— — 1 — 1 — 54 — 56 
Total automotive630 928 341 258 264 172 16,379 — 18,972 
Other
Pass256 684 596 193 235 368 7,124 228 9,684 
Special mention— 69 71 — 262 368 390 6 1,166 
Substandard— — — — — 80 51 — 131 
Doubtful— — — — — 93 19 — 112 
Total other256 753 667 193 497 909 7,584 234 11,093 
Commercial real estate
Pass389 2,079 998 754 1,032 2,166 66 69 7,553 
Special mention7 22 45 35 65 105 — — 279 
Substandard— — — 2 15 1 — — 18 
Doubtful— — — 2 — — — — 2 
Total commercial real estate396 2,101 1,043 793 1,112 2,272 66 69 7,852 
Total commercial$1,282 $3,782 $2,051 $1,244 $1,873 $3,353 $24,029 $303 $37,917 
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Commercial
Commercial and industrial
Automotive
Pass$942 $391 $257 $266 $113 $86 $14,861 $— $16,916 
Special mention2 1 15 10 — 5 1,328 — 1,361 
Substandard1 1 — 1 — — 59 — 62 
Total automotive945 393 272 277 113 91 16,248 — 18,339 
Other
Pass757 594 173 306 215 166 6,647 191 9,049 
Special mention— 47 — 236 115 260 347 8 1,013 
Substandard— — — — 20 61 42 — 123 
Doubtful— — — — — 107 17 — 124 
Total other757 641 173 542 350 594 7,053 199 10,309 
Commercial real estate
Pass1,981 1,069 759 1,080 919 1,461 55 59 7,383 
Special mention— 45 44 67 45 61 — — 262 
Substandard— — 2 15 — 1 — — 18 
Doubtful— — 2 1 — — — — 3 
Total commercial real estate1,981 1,114 807 1,163 964 1,523 55 59 7,666 
Total commercial$3,683 $2,148 $1,252 $1,982 $1,427 $2,208 $23,356 $258 $36,314 
The following tables present gross charge-offs of our finance receivables and loans for each portfolio class by origination year during the three months ended March 31, 2026, and during the year ended December 31, 2025, respectively. Refer to Note 1 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for additional information on our charge-off policy.
Origination yearRevolving loans converted to term
March 31, 2026 ($ in millions)
202620252024202320222021 and priorRevolving loansTotal
Consumer automotive$1 $147 $162 $158 $125 $78 $— $— $671 
Total consumer1 147 162 158 125 78 — — 671 
Commercial
Commercial and industrial
Other— — — — — 1 — — 1 
Total commercial— — — — — 1 — — 1 
Total finance receivables and loans$1 $147 $162 $158 $125 $79 $— $— $672 
Origination yearRevolving loans converted to term
December 31, 2025 ($ in millions)
202520242023202220212020 and priorRevolving loansTotal
Consumer automotive$168 $564 $747 $660 $318 $153 $— $— $2,610 
Consumer mortgage (a)— — — 1 1 1 — — 3 
Consumer other (b)— — — — — — 64 4 68 
Total consumer168 564 747 661 319 154 64 4 2,681 
Commercial
Commercial and industrial
Automotive— — — — 1 — 1 — 2 
Total commercial— — — — 1 — 1 — 2 
Total finance receivables and loans$168 $564 $747 $661 $320 $154 $65 $4 $2,683 
(a)Excludes $5 million of write-downs from transfers to held-for-sale during the year ended December 31, 2025.
(b)Consists of Credit Card. We closed the sale of Ally Credit Card on April 1, 2025.
Schedule of Past Due Financing Receivables
The following table presents an analysis of our past-due commercial finance receivables and loans recorded at amortized cost basis.
($ in millions)30–59 days past due60–89 days past due90 days or more past dueTotal past dueCurrentTotal finance receivables and loans
March 31, 2026
Commercial
Commercial and industrial
Automotive$— $— $— $— $18,972 $18,972 
Other— — 71 71 11,022 11,093 
Commercial real estate— — 2 2 7,850 7,852 
Total commercial$— $— $73 $73 $37,844 $37,917 
December 31, 2025
Commercial
Commercial and industrial
Automotive$— $— $— $— $18,339 $18,339 
Other— — 70 70 10,239 10,309 
Commercial real estate— — 3 3 7,663 7,666 
Total commercial$— $— $73 $73 $36,241 $36,314 
Schedule of Loan Modifications
The following tables present the amortized cost basis of loans that were modified subsequent to origination during the three months ended March 31, 2026, and 2025, respectively, for each portfolio segment, by modification type. For additional information on loan modification types in scope of this disclosure, refer to Note 1 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K. The below tables exclude consumer mortgage finance receivables and loans currently enrolled in a trial modification program. Trial modifications generally represent a three-month period during which the borrower makes monthly payments under the anticipated modified payment terms. If the borrower successfully completes the trial loan modification program, the contractual terms of the loan are updated and the modification is considered permanent. As of March 31, 2026, and December 31, 2025, there were $9 million and $8 million of consumer mortgage finance receivables and loans in a trial modification program, respectively.
Payment extensions
Three months ended March 31, 2026
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $199 $3 $— $— $202 
Consumer mortgage— 1 — — 2 3 
Total consumer— 200 3 — 2 205 
Commercial
Commercial and industrial
Automotive7 — — — — 7 
Other— 54 — — — 54 
Total commercial7 54 — — — 61 
Total finance receivables and loans$7 $254 $3 $— $2 $266 
(a)Represents 0.2% of total finance receivables and loans outstanding as of March 31, 2026.
Payment extensions
Three months ended March 31, 2025
($ in millions)
Payment deferralsContractual maturity extensionsPrincipal forgivenessInterest rate concessionsCombinationTotal (a)
Consumer automotive$— $105 $1 $— $— $106 
Consumer mortgage— — — — 1 1 
Total consumer— 105 1 — 1 107 
Commercial
Commercial and industrial
Automotive2 — — — — 2 
Other4 22 — — — 26 
Total commercial6 22 — — — 28 
Total finance receivables and loans$6 $127 $1 $— $1 $135 
(a)Represents 0.1% of total finance receivables and loans outstanding as of March 31, 2025.
The following tables present the financial effect of loan modifications that occurred during the three months ended March 31, 2026, and 2025, respectively.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b) (c)
Three months ended
March 31, 2026
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive36$1 — %— %— — — %— %
Consumer mortgage204— — — 2914023.8 2.0 
Commercial
Commercial and industrial
Automotive7$— — %— %— — — %— %
Other20— — — — — — — 
Total commercial18$— — — — — — — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
(c)Some consumer mortgage combination loan modifications include deferrals of principal. The weighted average number of months deferred for these loans was 159 months.
Payment extensions (a)Principal forgivenessInterest rate concessions (a)Combination (a) (b)
Three months ended
March 31, 2025
($ in millions)
Number of months extended/deferredAmount forgivenInitial rateRevised rateRemaining termRevised remaining termInitial rateRevised rate
Consumer automotive29$— — %— %— — — %— %
Consumer mortgage— — — — 2914804.5 2.8 
Commercial
Commercial and industrial
Automotive7$— — %— %——— %— %
Other16— — — ——— — 
Total commercial15$— — — ——— — 
(a)Calculated using a weighted-average balance for each portfolio class.
(b)Term is presented in number of months.
The following tables present the subsequent performance of loans recorded at amortized cost basis, by portfolio segment and credit quality indicator, that were modified within the 12 months prior to March 31, 2026, and 2025, respectively.
March 31, 2026 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$585 $97 $33 $9 $724 
Principal forgiveness— — 1 8 9 
Combination1 — — — 1 
Total consumer automotive586 97 34 17 734 
Consumer mortgage
Payment deferrals— 1 — — 1 
Contractual maturity extensions2 1 — — 3 
Interest rate concessions— — — 1 1 
Combination6 — — — 6 
Total consumer mortgage8 2 — 1 11 
Total consumer$594 $99 $34 $18 $745 
March 31, 2026 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Payment deferrals$— $— $7 $— $7 
Interest rate concessions— — 13 — 13 
Total automotive— — 20 — 20 
Other
Payment deferrals35 — — — 35 
Contractual maturity extensions74 71 19 — 164 
Total other109 71 19 — 199 
Commercial real estate
Payment deferrals— 3 — — 3 
Interest rate concessions— — 7 — 7 
Total commercial real estate— 3 7 — 10 
Total commercial$109 $74 $46 $— $229 
March 31, 2025 ($ in millions)
Current30–59 days past due60–89 days past due90 or more days past dueTotal
Consumer automotive
Contractual maturity extensions$328 $62 $23 $7 $420 
Principal forgiveness— — — 5 5 
Combination2 — — — 2 
Total consumer automotive330 62 23 12 427 
Consumer mortgage
Contractual maturity extensions1 — — 1 2 
Combination1 — — — 1 
Total consumer mortgage2 — — 1 3 
Total consumer$332 $62 $23 $13 $430 
March 31, 2025 ($ in millions)
PassSpecial mentionSubstandardDoubtfulTotal
Commercial and industrial
Automotive
Payment deferrals $— $— $4 $— $4 
Combination— — — 3 3 
Total automotive— — 4 3 7 
Other
Payment deferrals— — 4 — 4 
Contractual maturity extensions25 — 22 — 47 
Combination— — 14 — 14 
Total other25 — 40 — 65 
Commercial real estate
Payment deferrals— — — 1 1 
Total commercial real estate— — — 1 1 
Total commercial$25 $— $44 $4 $73