Santander Financial Performance Update

NET INTEREST MARGIN & INTEREST RATE RISK SENSITIVITY Stable NIM as deposit pricing initiatives and hedges offset impact of lower loan yields and volumes SC NET INTEREST MARGIN 9.2% SHUSA 8.4% INTEREST RATE RISK SENSITIVITY (Change in annual net interest income for parallel rate movements) 10.7% Up 100bps 10.3% 9.9% 1.9% 1.9% 1.5% 3.4% 3.2% 0.0% 5.3% 5.3% 5.3% 5.3% 1Q20 2Q20 3Q20 4Q20 1Q21 4.9% -0.7% SBNA -1.1% -1.1% -1.7% 10 2.7% 2.5% 2.6% 2.6% 2.5% Down 100bps 1Q20 2Q20 3Q20 4Q20 1Q21 Santander

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