Santander Financial Performance Update
CONSOLIDATING INCOME STATEMENT
For the three-month period ended March 31, 2021
($ in Millions)
Interest income
Interest expense
Net interest income
Fees & other income/(expense)
SBNA
SC
Other (1)
IHC Entities (2)
SHUSA
532
$
1,361
$
6
26
1,925
(32)
(254)
(18)
(2)
(306)
SA
500
$
SA
1,107
SA
(12)
SA
24
1,619
135
906
$
SA
(19)
153
1,175
Other non-interest income
10
10
Net revenue/(loss)
$
645
$
2,013
SA
$
(31) $
177
2,804
General, administrative and other expenses
(511)
Provision for credit losses
60
(901)
(136)
(33)
(103)
(1,548)
(76)
Income/(loss) before taxes
S
194
S
976
69
$
(64) $
74
S9
$
1,180
Income tax (expense)/benefit
Net income/(loss)
(37)
(234)
(16)
(287)
157
742
(64)
58
893
Less: Net income attributable to NCI (3)
145
145
Net income attributable to SHUSA
157
597
(64)
58
748
21
1 Includes holding company activities, IHC eliminations, and eliminations and purchase accounting marks related to SC consolidation.
2
3
The entities acquired in the formation of the IHC are presented within "other" in SHUSA's financial statement segment presentation due to immateriality.
SHUSA net income includes NCI.
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