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Regulatory Capital and Other Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following table summarizes our capital ratios under U.S. Basel III.
December 31, 2024December 31, 2023 (a)Required minimum (b)Well-capitalized minimum
($ in millions)AmountRatioAmountRatio
Capital ratios
Common Equity Tier 1 (to risk-weighted assets)
Ally Financial Inc.$15,058 9.82 %$15,129 9.36 %4.50 %(c)
Ally Bank17,229 11.94 17,217 11.24 4.50 6.50 %
Tier 1 (to risk-weighted assets)
Ally Financial Inc.$17,324 11.30 %$17,392 10.76 %6.00 %6.00 %
Ally Bank17,229 11.94 17,217 11.24 6.00 8.00 
Total (to risk-weighted assets)
Ally Financial Inc.$20,182 13.16 %$20,055 12.41 %8.00 %10.00 %
Ally Bank19,052 13.21 19,144 12.50 8.00 10.00 
Tier 1 leverage (to adjusted quarterly average assets) (d)
Ally Financial Inc.$17,324 8.92 %$17,392 8.67 %4.00 %(c)
Ally Bank17,229 9.40 17,217 9.07 4.00 5.00 %
(a)Capital amounts and ratios are based on regulatory filings of Ally and Ally Bank, and have not been adjusted for December 31, 2023, to reflect our change in the method of accounting for ITCs. Refer to Note 1 for additional information about this change in accounting principle.
(b)In addition to the minimum risk-based capital requirements for the Common Equity Tier 1 capital, Tier 1 capital, and total capital ratios, Ally was required to maintain a minimum capital conservation buffer of 2.6% and 2.5% at December 31, 2024, and December 31, 2023, respectively, and Ally Bank was required to maintain a minimum capital conservation buffer of 2.5% at both December 31, 2024, and December 31, 2023. In October 2024, Ally’s capital conservation buffer requirement increased to 2.6%, reflecting its updated stress capital buffer requirement.
(c)Currently, there is no ratio component for determining whether a BHC is “well-capitalized.”
(d)Federal regulatory reporting guidelines require the calculation of adjusted quarterly average assets using a daily average methodology.
Schedule of Common Share Distribution Activity
The following table presents information related to our common stock and distributions to our common shareholders.
Common stock repurchased during period (a) (b)Number of common shares outstandingCash dividends declared per common share (c)
($ in millions, except per share data; shares in thousands)Approximate dollar valueNumber of sharesBeginning of periodEnd of period
2023
First quarter$27 836 299,324 300,821 $0.30 
Second quarter2 58 300,821 301,619 0.30 
Third quarter— 5 301,619 301,630 0.30 
Fourth quarter4 145 301,630 302,459 0.30 
2024
First quarter$29 781 302,459 303,978 $0.30 
Second quarter1 13 303,978 304,656 0.30 
Third quarter1 27 304,656 304,715 0.30 
Fourth quarter7 167 304,715 305,388 0.30 
(a)Includes shares of common stock withheld to cover income taxes owed by participants in our share-based incentive plans.
(b)Since the commencement of our initial stock-repurchase program in the third quarter of 2016, we have reduced the number of outstanding shares of our common stock by 37%, from 484 million as of June 30, 2016, to 305 million as of December 31, 2024. Except for repurchases made of shares withheld to cover income taxes owed by participants in our share-based incentive plans, we did not make any common-stock repurchases in 2023 or 2024, and at this time, the Board has not authorized a stock-repurchase program for 2025.
(c)On January 16, 2025, our Board declared a quarterly cash dividend of $0.30 per share on all common stock. The dividend was paid on February 14, 2025, to shareholders of record at the close of business on January 31, 2025.