Santander Financial Performance Update

SBNA ASSET QUALITY Strong credit performance in Q1 due to substantial drop in net charge-offs and improved macroeconomic outlook. ALLL* coverage ratio remains relatively stable. ANNUALIZED NET CHARGE-OFF RATIO 0.57% 0.45% 0.48% 0.33% 0.25% NONPERFORMING LOAN ("NPL") RATIO 0.96% 0.89% 0.78% 0.75% 0.67% 1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21 ALLL TO TOTAL LOANS RESERVE COVERAGE (ALLL/NPL) 300.6% 2.19% 2.25% 2.22% 281.8% 2.09% 270.1% 248.8% 1.80% 219.1% 1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21 16 Allowance for loan and lease losses ("ALLL") Santander

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