ALLY · 10-K filed 25 Feb 2026 · year to 31 Dec 2025

Ally Financial

32 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

General Motors (GM)

concentrated in · 34% of our new vehicle dealer inventory financing and 24% of our consumer automotive financing volumenamed as a risk

In 2025, 34% of our new vehicle dealer inventory financing and 24% of our consumer automotive financing volume were transacted for GM dealers and customers, and 36% of our new vehicle dealer inventory financing and 13% of our consumer automotive financing volume were transacted for Stellantis dealers and customers.Risk factors (Item 1A)

Also named by AN, BRK/B, BWA, GNTX, LEA, THO, UHAL/B

Stellantis

concentrated in · 36% of our new vehicle dealer inventory financing and 13% of our consumer automotive financing volumenamed as a risk

Also named by ACHR, AN, BWA, LEA, MOD, THO

Suppliers

Cloud-service providers

depends onnamed as a risk

In the past, we have faced operational disruptions as a result of outages in connection with access to or use of cloud-service providers.Risk factors (Item 1A)

Also named by BAC, BX, C, EFX, HLT, IDXX, LNC, MSCI and 5 more

Third-party clearing broker-dealer

depends on

The firm operates as an introducing broker and clears all transactions, including all customer transactions, through a third-party clearing broker-dealer on a fully disclosed basis.Business (Item 1)

Partners and platforms

Securitization markets

depends onnamed as a risk

However, there can be no assurances that these sources of liquidity will remain available to us particularly during periods of financial instability.Risk factors (Item 1A)

Also named by OMF

OEM residual value guarantees

depends onnamed as a risk

To the extent that an OEM defaults on its obligations under any residual value guarantee, it could have an adverse impact on our financial position and results of operations.Risk factors (Item 1A)

Other companies

Brokered deposits

depends on · $6.7 billionnamed as a risk

Our brokered deposits totaled $6.7 billion at December 31, 2025, which represented 4.4% of total deposit liabilities.Risk factors (Item 1A)

Also named by CASH, CUBI, EFSC, PNFP, SLM

Used vehicle financing

concentrated in · $58.6 billion, or approximately 68.5% of our total consumer automotive loansnamed as a risk

Additionally, the carrying value of our consumer automotive used vehicle loans before allowance for loan losses was $58.6 billion, or approximately 68.5% of our total consumer automotive loans at December 31, 2025, as compared to $57.4 billion, or approximately 68.5% of our total consumer automotive loans at December 31, 2024.Risk factors (Item 1A)

Nonprime consumer automotive loans

insures or lends to · $8.6 billion, or approximately 10.1% of our total consumer automotive loansnamed as a risk

The carrying value of our nonprime consumer automotive loans before allowance for loan losses was $8.6 billion, or approximately 10.1% of our total consumer automotive loans at December 31, 2025, as compared to $8.2 billion, or approximately 9.7% of our total consumer automotive loans at December 31, 2024.Risk factors (Item 1A)

Ally Bank deposits

depends on · approximately 87% of our liability-based funding sourcesnamed as a risk

As of December 31, 2025, deposits represented approximately 87% of our liability-based funding sources.Risk factors (Item 1A)

Credit rating agencies (S&P, Moody's, Fitch, DBRS)

named as a risk

Any downgrades to our credit ratings or their failure to meet investor expectations may result in higher non-deposit borrowing costs, reduced access to the banking and capital markets, more restrictive terms and conditions being added to any new or replacement financing arrangements.Risk factors (Item 1A)

Also named by GS, KEY

U.S. automotive industry sales volume

earns fromnamed as a risk

Any future declines in new or used vehicle sales, including as a result of market conditions and other external factors over which we do not control, could have an adverse effect on our business and financial results.Risk factors (Item 1A)

Competitors

Industrial loan companies (ILCs)

competes withnamed as a risk

This could enable ILCs and similar institutions to compete more aggressively against us.Risk factors (Item 1A)

Captive automotive finance companies

competes withnamed as a risk

Some of these competitors in automotive financing and insurance, such as captive automotive finance companies, have certain exclusivity privileges with automotive manufacturers whose customers and dealers make up a significant portion of our customer base.Business (Item 1)

Places

California

concentrated innamed as a risk

We are exposed to portfolio concentrations in some states, including California, Texas, and Florida.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, AN, ARE, AVAV, AWK and 88 more

Texas

concentrated innamed as a risk

We are exposed to portfolio concentrations in some states, including California, Texas, and Florida.Risk factors (Item 1A)

Also named by ABR, AFRM, AN, ASO, ASTS, ATO, AXP, AZO and 70 more

Florida

concentrated innamed as a risk

We are exposed to portfolio concentrations in some states, including California, Texas, and Florida.Risk factors (Item 1A)

Also named by ABR, AN, AXP, AZO, BBY, BJ, BRO, CELH and 54 more

Hazards

Natural disasters

named as a risk

Due to the nature of our business, we are particularly susceptible to natural disasters or other isolated events that may have an increased impact on our customers or the collateral securing our loans.Risk factors (Item 1A)

Also named by OMF

Commodities and inputs

Used vehicle prices

exposed to its price · approximately 60% of our average earning assetsnamed as a risk

During the year ended December 31, 2025, approximately 60% of our average earning assets were composed of vehicle loans or operating leases and related residual securitization interests.Risk factors (Item 1A)

Also named by KMX, RBA

Gasoline and diesel fuel prices

exposed to its pricenamed as a risk

Further, if a significant and sustained increase in fuel prices or other adverse conditions were to lead to diminished new and used vehicle purchases or prices, our automotive finance and insurance businesses could suffer considerably.Risk factors (Item 1A)

Regulators

FDIC

subject to · $19 million in special assessmentsnamed as a risk

We paid $19 million in special assessments during the year ended December 31, 2025.Business (Item 1)

Also named by EFSC, HBAN, PFG

Consumer Financial Protection Bureau (CFPB)

subject tonamed as a risk

The impact of these developments on banking organizations subject to CFPB regulation and supervision, including Ally, is uncertain.Business (Item 1)

Also named by ABNB, AFRM, AN, AUB, AXP, BAC, CASH, CFG and 61 more

Federal Reserve Board (FRB)

subject tonamed as a risk

As BHCs, Ally and IB Finance are subject to regulation, supervision, and examination by the FRB.Business (Item 1)

Also named by AMP, BPOP, C, CFG, CFR, CME, COMP, CUBI and 9 more

Utah Department of Financial Institutions (UDFI)

subject to

Ally Bank is a member of the Federal Reserve System and is subject to regulation, supervision, and examination by the FRB, the UDFI, the FDIC, and the CFPB.Business (Item 1)

Also named by FCFS, PBI, SLM, XYZ

New York Department of Financial Services (NYDFS)

subject to

For example, the NYDFS has imposed significant requirements on regulated entities to establish cybersecurity programs and policies, to designate chief information security officers, to comply with notice and reporting obligations, and to take other actions in connection with the security of their information.Business (Item 1)

Also named by FIS, JXN, LNC, ORI

Laws and programs

Basel III endgame proposal (AOCI recognition)

subject to · $2.8 billionnamed as a risk

As proposed, the phase-in of accumulated other comprehensive income and loss would be expected to significantly affect our levels of regulatory capital.Business (Item 1)

Also named by CFG, HBAN, NTRS, PNC, RF, STT

Federal Reserve stress capital buffer / Tailoring Rules (Category IV)

subject to · 2.6%named as a risk

As of December 31, 2025, the stress capital buffer requirement for Ally was 2.6%.Business (Item 1)

Community Reinvestment Act (CRA)

subject tonamed as a risk

Failure by Ally Bank to maintain a “Satisfactory” or better rating on its most recent examination under the CRA may adversely affect our ability to expand our financial and related activities as an FHC or make acquisitions.Business (Item 1)

Also named by AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA, FHN and 20 more

U.S. tariffs on imports

subject tonamed as a risk

Such developments have negatively impacted our business and the automobile industry and could continue to do so.Risk factors (Item 1A)

Also named by AAP, ABT, ATR, AZO, BBW, BWA, CMG, DG and 19 more

Long-term debt requirement proposal

subject tonamed as a risk

Due to the current structure and amount of debt instruments issued by Ally and Ally Bank, this proposal would significantly affect us.Risk factors (Item 1A)

Also named by CFG, HBAN, KEY, MTB, RF, USB

FDIC resolution plan rule

subject tonamed as a risk

If the FDIC determines that the resolution plan is not credible and deficiencies are not adequately remediated in a timely manner, the FDIC may take formal or informal supervisory, enforcement, and other actions against us.Business (Item 1)

Also named by FHN

Federal electric-vehicle tax credits

exposed to its pricenamed as a risk

For example, the September 30, 2025 expiration of federal electric-vehicle tax credits for both new and used vehicles, in addition to vehicle recalls and OEM marketing incentives, have negatively impacted both consumer demand for electric vehicles and the residual value of electric vehicles subject to an automotive operating lease.Risk factors (Item 1A)