Santander US Quarterly Financial Analysis

SC DELINQUENCY AND LOSS (QUARTERLY) Delinquency Ratios: 30-59 Days Delinquent, RICS, HFI COVID-19 hardship relief programs led to lower delinquencies and charge-offs during the period 9.4% 8.4% 9.5% 9.7% 8.3% Delinquency Ratios: >59 Days Delinquent, Retail Installment Contracts ("RICS"), HFI 4.7% 4.7% 4.2% 5.1% 4.6% 4.3% Early stage delinquencies decreased 510 bps YoY Late stage delinquencies decreased 230 bps YoY 2.4% Gross Charge-off Rates 19.5% 18.3% 17.3% 16.1% 15.5% Gross charge-off rates decreased 500 bps YoY 11.1% SC Recovery Rates¹ 60.3% 55.9% 55.9% 52.2% 50.1% 45.7% Net Charge-off Rates² 20 SC's Q2 recovery rate of 45.7% reflects lower recoveries due to reduced repossessions and units sold 8.6% 8.1% 8.3% 7.7% Net charge-offs decreased 40 bps YoY 6.4% 6.0% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 1 Recovery Rate - Per the financial statements includes insurance proceeds, bankruptcy/deficiency sales, and timing impacts 2 Net Charge-off rates on retail installment contracts, held for investment Santander

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