Ally Financial (NYSE: ALLY) reported Q2 EPS of $0.58, $0.06 better than the analyst estimate of $0.52. Revenue for the quarter came in at $0 versus the consensus estimate of $1.41 billion.

Ally Chief Executive Officer Jeffrey Brown commented on the financial results: “We’re very pleased with our second quarter results and the performance of our businesses. We delivered the highest revenue and Adjusted EPS1 since becoming a public company with both NIM expansion and balance sheet growth. We also continued to advance our consumer product offerings with the launch of Ally Invest, further building upon our leading digital banking franchise.” “Net financing revenue improved $88 million from the first quarter, demonstrating the power of our self-help earnings growth path and the successful repositioning of the business over the past few years. We continue to see a long runway to deliver improved results given the positioning of the franchise and ability to grow customers and deposits. This will allow us to continue to diversify our product mix and further optimize our liability structure to drive higher returns.” “In auto finance, we remain cautious but constructive. Used vehicle price declines and loss performance were well within our expectations, and we’re seeing improved profitability in both our consumer and commercial auto portfolios.” “Strategically, we remain focused on the ingredients of driving strong long-term shareholder returns. Alignment with digital banking trends, earnings growth, improving ROE, diversifying our customer product suite and optimizing capital deployment are all key components as we continue down our path of delivering strong shareholder returns.”

For earnings history and earnings-related data on Ally Financial (ALLY) click here.