Santander US Quarterly Financial Analysis
EARNINGS HIGHLIGHTS
Deposits &
Auto Volume
Liquidity &
Capital
Balance Sheet and Liquidity Remain Strong
Santander Bank deposits of $62.6B, up 15% YoY in-line with balance sheet growth
SC total auto originations of $7.8B, including $1.7B in loans generated through Santander Bank
► SC's penetration rate with Fiat Chrysler 37%, up from 36% during Q2 2019
Access to funding improved during Q2 notwithstanding COVID-19 stress
SHUSA accessed $1.7B in funding during Q2; SC issued $2.4B in ABS in Q2 and an additional $1.4B in July
SHUSA's ownership of SC increased to 77.7%¹ driven by share repurchases in the quarter
CET1 ratio of 14.4%
Credit &
Legal
Santander Bank NPL ratio of 0.78% down 14 bps YoY
SC net charge-off ratio of 6.0%, down 40 bps YoY
SC voluntary settlement with 33 states alleging SC violated consumer protection laws dating back to 2010
Goodwill &
Reserves
Goodwill impairment of $1.8B (non-cash, no capital impact)
$588M of incremental reserves due to macroeconomic factors, primarily driven by COVID-19
Allowance ratio of 8.0%, up 70 bps from Q1 2020
8
1 As of June 30, 2020
2 Our regulatory capital ratios for the period ended June 30, 2020 are preliminary, based on information available as of the date of this presentation, and subject to
completion of management's final reviews and financial closing procedures. These preliminary capital ratios may differ from our actual capital ratios, which will be
included in our Form 10-Q for the quarter ended June 30, 2020, which we expect to file on or about August 7, 2020.
SantanderView entire presentation