Ally Financial shares are down more than 3% on Friday following the company's fourth-quarter results announcement, which topped forecasts on both per-share profit and revenue.

File:Ally Bank logo.svg - Wikimedia Commons

On revenue of $2.19 billion, the online banking and lending company earned $2.02 per share. Analysts predicted EPS of $1.96 on revenue of $2.07 billion.

Ally CEO Jeffrey Brown stated, "In 2021, Ally strengthened its position as a leading, disruptive growth company, achieving record-setting results across our dealer financial service and digital-bank platforms."

The company has a customer base of over ten million people.

While the digital financial services company was pleased with the results, its net income fell to $652 million from $687 million the previous year. The provision for credit losses also increased, rising to $210 million in the fourth quarter of 2021 from $102 million in the same quarter of 2020.