Santander Financial Performance Update
SC DELINQUENCY AND LOSS
Delinquency Ratios: 30-59 Days Delinquent, RICS, HFI *
8.3%
6.0%
5.0%
4.3%
4.4%
Delinquency Ratios: >59 Days Delinquent, RICS, HFI*
Delinquencies and charge-offs remain low due to
disciplined underwriting, government stimulus and
strong used vehicle prices
Early stage delinquencies decreased 390 bps YoY
4.6%
3.1%
2.4%
2.4%
2.2%
Late stage delinquencies decreased 240 bps YoY
Gross Charge-off Rates
15.5%
11.1%
9.9%
9.7%
6.8%
SC Recovery Rates¹ (% of Gross Loss)
50.1%
45.7%
Net Charge-off Rates²
7.7%
6.0%
91.4%
69.1%
64.2%
3.5%
3.0%
0.6%
1Q 2020
2Q 2020
Q3 2020
Q4 2020
1Q 2021
18
*
Retail installment contracts ("RICS"), held-for-investment ("HFI")
1 Recovery Rate - Includes insurance proceeds, bankruptcy/deficiency sales, and timing impacts
2 Net charge-off rates on RICS, loans held-for-investment ("LHFI")
Gross charge-off rate decreased 580 bps YoY
SC's Q1 recovery rate of 69% remains elevated due to
low gross losses and continued strength in wholesale
auction prices
Net charge-off rate decreased 470 bps YoY
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