Santander US Quarterly Financial Analysis

SHUSA QUARTERLY PROFITABILITY Goodwill impairment of $1.8B (non-cash, no capital impact) driven primarily by the Consumer and Business Banking unit, which has the most exposure to the low interest rate environment NET INTEREST INCOME ($M) $1,622 $1,619 $1,599 $1,586 $1,539 PRE-TAX PRE-PROVISION INCOME ($M) $1,043 $987 $1,030 $890 $821 2Q19 3Q19 4Q19 1Q20 2Q20 2Q19 3Q19 4Q19 1Q20 $(958) 2Q20 PRE-TAX INCOME ($M) $562 $383 $213 2Q19 3Q19 4Q19 NET INCOME1,2 ($M) $407 $270 $126 $(234) $(156) 1Q20 $(2,082) 2Q20 11 1 Net income includes noncontrolling interest ("NCI"). 2 See page 23 for the consolidating income statement. $(179) $(123) $(1,896) 2Q19 3Q19 4Q19 1Q20 2Q20 Non-GAAP measure, excludes goodwill impairment Santander

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