EX-99.1 2 april2025quarterearningsre.htm EX-99.1 Document
Exhibit 99.1
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GM FINANCIAL REPORTS FIRST QUARTER 2025
OPERATING RESULTS

•First quarter net income of $499 million
•First quarter retail loan and operating lease originations of $14.5 billion
•Earning assets of $126.1 billion at March 31, 2025
•Available liquidity of $37.8 billion at March 31, 2025

FORT WORTH, TEXAS April 29, 2025 – GENERAL MOTORS FINANCIAL COMPANY, INC.
(“GM Financial” or the “Company”) announced net income of $499 million for the quarter ended March 31, 2025, compared to $536 million for the quarter ended March 31, 2024.

Retail loan originations were $9.6 billion for the quarter ended March 31, 2025, compared to $10.6 billion for the quarter ended December 31, 2024, and $8.3 billion for the quarter ended March 31, 2024. The outstanding balance of retail finance receivables was $77.0 billion at March 31, 2025, compared to $76.1 billion at December 31, 2024 and $73.2 billion at March 31, 2024.

Operating lease originations were $5.0 billion for the quarter ended March 31, 2025, compared to $4.9 billion for the quarter ended December 31, 2024, and $4.3 billion for the quarter ended March 31, 2024. Leased vehicles, net was $32.2 billion at March 31, 2025, compared to $31.6 billion at December 31, 2024 and $30.1 billion at March 31, 2024.

The outstanding balance of commercial finance receivables was $16.9 billion at March 31, 2025, compared to $19.9 billion at December 31, 2024 and $14.9 billion at March 31, 2024.

Retail finance receivables 31-60 days delinquent were 2.2% of the portfolio at March 31, 2025 and 2.0% at March 31, 2024. Accounts more than 60 days delinquent were 0.7% of the portfolio at both March 31, 2025 and March 31, 2024.

Annualized net charge-offs were 1.2% of average retail finance receivables for the quarter ended March 31, 2025 and 1.1% for the quarter ended March 31, 2024.

The Company had total available liquidity of $37.8 billion at March 31, 2025, consisting of $8.4 billion of cash and cash equivalents, $25.6 billion of borrowing capacity on unpledged eligible assets, $0.8 billion of borrowing capacity on committed unsecured lines of credit, $1.0 billion of borrowing capacity on the Junior Subordinated Revolving Credit Facility from GM, and $2.0 billion of borrowing capacity on the GM Revolving 364-Day Credit Facility.




About GM Financial

General Motors Financial Company, Inc. is the wholly owned captive finance subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. Additional materials addressing the Company’s results of operations for the quarter ended March 31, 2025 can be accessed via the Investor Relations section of the Company’s website at https://investor.gmfinancial.com.




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General Motors Financial Company, Inc.
Condensed Consolidated Statements of Income
(Unaudited, in millions)

Three Months Ended March 31,
20252024
Revenue
Finance charge income
$2,025 $1,786 
Leased vehicle income
1,902 1,800 
Other income
236 225 
  Total revenue4,164 3,811 
Costs and expenses
Operating expenses
513 458 
Leased vehicle expenses
1,054 1,047 
Provision for loan losses
328 204 
Interest expense
1,597 1,396 
             Total costs and expenses3,491 3,106 
Equity income (loss)
12 32 
Income (loss) before income taxes
685 737 
Income tax expense (benefit)
186 200 
Net income (loss)
499 536 
Less: cumulative dividends on preferred stock
30 30 
Net income (loss) attributable to common shareholder
$470 $507 

Amounts may not add due to rounding.
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Condensed Consolidated Balance Sheets
(Unaudited, in millions)
 
March 31, 2025December 31, 2024
ASSETS
Cash and cash equivalents
$8,444 $5,094 
Finance receivables, net of allowance for loan losses of $2,567 and $2,458
91,313 93,510 
Leased vehicles, net
32,239 31,586 
Goodwill and intangible assets
1,172 1,169 
Equity in net assets of nonconsolidated affiliates
1,226 1,206 
Related party receivables
636 473 
Other assets
7,823 7,992 
Total assets
$142,853 $141,030 
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Secured debt
$48,886 $49,573 
Unsecured debt
68,152 64,691 
Deferred income
2,425 2,389 
Related party payables
132 106 
Other liabilities
7,937 9,079 
Total liabilities
127,532 125,838 
Total shareholders' equity
15,321 15,193 
Total liabilities and shareholders' equity
$142,853 $141,030 

Amounts may not add due to rounding.
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Operational and Financial Data
(Unaudited, Dollars in millions)
Amounts may not add due to rounding


Three Months Ended March 31,
Originations
20252024
Retail finance receivables originations
$9,564 $8,329 
Lease originations
4,984 4,308 
Total originations$14,548 $12,637 


Three Months Ended March 31,
Average Earning Assets
20252024
Average retail finance receivables
$76,940 $72,876 
Average commercial finance receivables
18,031 14,122 
Average finance receivables
94,971 86,998 
Average leased vehicles, net
31,941 30,321 
Average earning assets
$126,912 $117,319 


Ending Earning Assets
March 31, 2025December 31, 2024
Retail finance receivables
$76,995 $76,066 
Commercial finance receivables
16,885 19,901 
Leased vehicles, net
32,239 31,586 
Ending earning assets
$126,119 $127,554 


Finance Receivables
March 31, 2025December 31, 2024
Retail
Retail finance receivables$76,995 $76,066 
Less: allowance for loan losses
(2,479)(2,400)
Total retail finance receivables, net
74,516 73,667 
Commercial
Commercial finance receivables16,885 19,901 
Less: allowance for loan losses
(88)(58)
Total commercial finance receivables, net
16,797 19,843 
Total finance receivables, net
$91,313 $93,510 
    



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Allowance for Loan Losses
March 31, 2025December 31, 2024
Allowance for loan losses as a percentage of retail finance receivables3.2 %3.2 %
Allowance for loan losses as a percentage of commercial finance receivables0.5 %0.3 %


Delinquencies
March 31, 2025March 31, 2024
Loan delinquency as a percentage of retail finance receivables:
    31 - 60 days
2.2 %2.0 %
    Greater than 60 days
0.7 0.7 
Total
2.9 %2.7 %


Three Months Ended March 31,
Charge-offs and Recoveries
20252024
Charge-offs
$479 $405 
Less: recoveries
(250)(213)
Net charge-offs
$229 $193 
Net charge-offs as an annualized percentage of average retail finance receivables1.2 %1.1 %


Three Months Ended March 31,
Operating Expenses
20252024
Operating expenses as an annualized percentage of average earning assets1.6 %1.6 %





Investor Relations contact:
Meagan Trampe
Vice President, Investor Relations
(817) 302-7385
Investors@gmfinancial.com













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