Non-GAAP to GAAP Reconciliations

2Q 2019 Executive Summary¹ Earnings Balance Sheet • Liquidity and Funding • • 2Q19 net income of $407MM² vs. $360MM² for 2Q18 • 1H19 net income of $646MM² vs. $620MM² for 1H18 4 . SHUSA's balance sheet increased QoQ from $138.9BN to $143.9BN, primarily due to growth in commercial and industrial ("C&I") and auto loans at SBNA • SBNA originated $1.9BN of prime auto loans through the program with SC . • Loan growth at SBNA funded through deposits and FHLB³ advances SHUSA, on an unconsolidated basis, held $4.2BN in high-quality liquid assets ("HQLA”) SHUSA's LCR4 of 166% On June 7, 2019, SHUSA issued $1.0BN five-year debt at 3.50% In July 2019, SHUSA redeemed $0.76BN and issued $0.72BN floating rate private debt • CET15 ratio of 15.04% Capital • • SHUSA paid a regular dividend of $75MM to Santander SC repurchased $87MM of its stock, completing its 2019 program • • Credit Quality . SBNA's credit metrics remain in line with large bank peers SC's 30-59 days delinquency ratio declined 20bps YoY while >59 days delinquency ratio increased 20bps YoY SC's TDR balances declined $0.4BN vs. 1Q19 and have declined $1.6BN vs. 2Q18 ¹Data as of June 30, 2019 unless otherwise noted. 2Includes noncontrolling interest. Refer to page 23 for additional detail. 3Federal Home Loan Bank 4Liquidity coverage ratio 5Common Equity Tier 1 Santander

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