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Let's discuss net more X. interest detail in on Slide margin
as the Over the medium expansion term, deposit lower. NIM for CDs, portfolio, we're reprices consumer including well positioned
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X.X% Turning excess X.X% with above up to October minimum was X. of into billion CETX quarter-over-quarter. significant $X buffer with We our a of required CETX, went X. effect Page SCB over capital that to operate
over we AOCI Within interest the million quarter, of in given saw accretion after-tax move lower rates. the $XXX
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charge-off during rate with with Credit was net in Card to of XXX and Corporate and Card turn in continued from performing with to to activity quarter. points basis consolidated in basis Finance portfolio XX asset review second quarter-over-quarter. of our were points commercial or the net commercial no quarter. in charge-offs the quarter. auto the portfolio quality XXXX, well the expectations, of perform Consistent improved Let's The Slide is charge-off and XX delinquencies first The down trends. has up prior XX.X% both line NCOs X.X% quarters Credit
I'll charge-offs auto Retail slides. basis few basis basis right, year-over-year, points delinquencies. our detail in bottom quarter-over-quarter couple points increased up seasonal auto of were a more delinquencies ago. XX quarter-over-quarter, XXX by a slightly were net in elevated higher driven expectations XX trends points basis months XX-plus than XX In credit patterns day and points of cover the and up
credit Retail our auto remain including reflects rates outlook potential auto trends, in rates The impacts loss increase Hurricane coverage for updated up XX were we respectively. and basis rate see performance Helene. normalize. will points, The and auto coverage consolidated retail elevated coverage loss until retail from XX
our The retail actions. risk originations, reduced We tier. XXXX discuss in in of XX% pricing in X Let's that taken actions credit increase S-Tier second quarter we've the and opportunistically pricing years curtailment actions to the to the XX of have originations meaningfully content resulted over tightened turn Page an returns. past auto took underwriting highest protected underwriting [ and quality and risk-adjusted ] to
to While credit in the buy in strategies box. a the meaningful refine evaluating move credit up XXXX XQ was pivot, tier always we're
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XXXX, Our from increasing year, move pronounced most XX%. up to more FICO. with prior XX% in seen years the around in increase our an in past [ in ] credit mix was within S-Tier And than we've
can PTI Also, down you XXXX, from the and see step again, a last our XXXX over took to year.
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retail top trends. let's on the half Slide On page. auto auto credit the discuss of vintage XX, are Retail trends origination
returns in volume. with risk-adjusted over our Our reflect deliberate focus origination prioritizing strategy trends origination selective be increasingly on a underwriting a to
of We delinquency over tailwind and quality since borrower have significantly terms which be in to time. credit frequency early moved XXXX, a up will
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While benefits seeing our we changes. underwriting elevated, losses remain from are
Our macro XXXX equivalent environment the outperform after in vintage challenging more on continues aggregate, book. months despite to a XXXX
the comparisons on signs those And also vintage even the XXXX from vintage very quarterly years While more are on the early shown separation. not show encouraging. the page,
to are basis. continuous peak past performance decline vintage, environment, of delinquent As change of lower results The in to delinquency we improvement give in of charge-offs difficult we larger move losses the the analysis managing of our box to move exact particularly refinement pool late-stage expect of on buy the our forecast in us credit But the we continue is losses accounts. vintage on detailed time. year-over-year and and a ultimately and confidence timing lower this as XXXX in a over rate
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the the bottom left, steady portfolio progression we've yields. On highlighted retail of auto
basis application ] impact from quality a XX.X%, up XX the yield volume points XX% Excluding year-over-year. our consistent [ which hedges, including with in originations, S-Tier credit while is above were the quarter. yields drove maintaining high Strong prior
spread risk-adjusted yield and prioritize loan retail originated to origination continue We over been has volume, resilient. our
this actions. lower quality through and Even rates X-year the we peak as year, prioritized X- XXX while points swap from have have over moved credit earlier curtailment basis further
We expect remain lower to in above the move but in the originated fourth to book, quarter leading portfolio back yields expansion continued yield ex-hedges.
reflect right. Lease per trends third softer of Gains lease million lower gains are $XX quarter in the volume lease the bottom termination and in vehicle.
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entered and quarter, origination new the We've an of XX. prior of trends. provided Slide we the within income originations origination the quarter volume protection represented increased lease significant credits billion the $X.X agreement significant lease volume residual third treatment, update by Under to generated of accounting the EV March guarantees current in total in our against tax on values. XX% statement our in XQ Higher these decline Turning includes the time lease OEM credits driven EV origination. into through Consistent flow EV provide is the quarter. with volume. at that
full of our a In year-to-date an addition, with adjustment tax credit year-to-date to year percentage recognition also earnings align as made we expectation.
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existing X rate mitigate tax deferral accounting of A under the instead day the in future a method tax in EV over With of being on in evaluating to EV election map. the methods the flow-through would to lease we realized are life change benefit volume accounting. and the method ongoing accounting the deferral result flow-through margin of expense accounting switch to net in interest tax from of volatility, momentum method credit lease
the credit made QX. as of recognition reduce by tax A retroactively lease by earnings retained of would accounting methods of engine ICE lease in CETX economics accounting would traditional contract. million and $XXX potential and method the with approximately internal credits XX change Deferral combustion the a of approximately be basis or for align EV points
to higher impact method deferral under would of the reported basis X over Ally Importantly, be points the accounting. offset life of would NIM. third the higher In been with the lease NIM the have quarter,
to accounting and the expect subject some on fourth approval to from our the methodology it We point auditors. at decide external remains in quarter,
and million income see $XX success week is new relationships during are Hurricane a Core higher are exposure. Total than our These premiums historical year-over-year, million to also losses, the we business premiums driving since events be OEM terms Insurance $XXX more which higher driven pretax investment expect we've Insurance of in P&C of the and $XX Ally earned record, the Turning by written income. business. up our year-over-year. by largest of occurred for gross to higher a Slide million losses. of was written the record the up had million were this XX. growing on across $XXX inventory Helene momentum IPO reflective by premiums driven The revenue. final and and quarter, storm losses quarterly hurricane of among we offset are
estimate from of QX reflect losses Helene. current Our results insurance our
loss. Our reinsurance is to expected of program cover the most
auto fee premium is leveraging focused in revenue look expansion, and strong by we on driver of relationships ahead, we As remain volume a insurance finance. key generating
the highlights and million the Corporate up Finance quarter $XX loans billion are steady of Corporate Core was income return million Slide End-of-period HFI are XX. of pretax $XXX Finance of profile on business. quarter-over-quarter. $XX.X for strong results another
positioned standpoint. all credit a we remain first well and well Our diversified, virtually lien, from portfolio remains
of On page, the of the Finance the business. Corporate profile highlight accretive bottom the return we
deploy While balances to and Finance continue fluctuate customers and we'll on capital dynamics into depending serving competition, to prudently Corporate can market returns. look strong generating
mortgage XX. assets DTC originations. Mortgage to DTC Consistent pretax held on decrease Slide sale. of quarters, virtually for with investment are and for $XX income continue million million Turning recorded originations held as all $XXX of prior to
demonstrating on adapting customer operating a to great remains efficiency simultaneously experience digital focus environments. different while Our providing by
update on an outlook on our provide XXXX Slide I'll XX.
and Fed are year start. XX betas to decrease NIM in XXXX another update to basis be X.X%. We year-end outlook will full The our assumption point updating slow by that approximately funds assumes deposit the
asset SmartAuction the earlier, puts in continued this and premiums on diversified to grow to Momentum consistent we discussed That's as X% year-over-year. guided XX% relationships us XX% success by July near-term the with and position pressure sensitivity in earned in temporary in Given well other our channels such insurance, January. update margin new we and adjusted exiting year. the Passthrough through revenue above OEM auto to
results We down to rate expenses for consolidated X.XX% X.XX%. a auto in X.X% than more of controllable expected be see less expenses noninterest expense year-over-year up X%. Adjusted which X% the total and retail to NCOs is with guidance than year, loss X.X% total to of unchanged,
average linked-quarter to this earning volume be to but basis, approximately over a increase on optimizing assets our returns expect approach disciplined We X% still and risk-adjusted growth. down expect reflecting origination year, to
based the to full momentum negative tax year outlook. in We guide adjusted update have rate earnings and to our the on to EV lease XX% on XX%
I over delivering return focus it a to on I our reiterate want over mid-teens time. to Michael, Before again turn
be of that It and lower significant time. the we've will franchises factors. exact appropriate drive margin several the mid-teens interest deliver. Michael. the over to net of turn will steps higher. strength we're deposit elevated depend tailwinds margin The And and what the combination headwind But our losses have sustainably auto on straight in We drive next it losses not will quarters. temporary can to confident a timing with of few back taken I'll business based will on And be for a that, pressure the and line, over
