Santander US Quarterly Financial Analysis

SBNA: QUARTERLY TRENDED STATEMENT OF OPS ($ in Millions) 2Q19 3Q19 4Q19 1Q20 2Q20 Interest income Interest expense Net interest income Fees & other income Other non-interest income Net revenue 719 712 $ 695 $ 665 $ 591 (172) (181) (175) (157) (89) EA 547 531 $ 520 $ 508 $ 502 142 180 151 135 132 2 2 3 11 22 691 $ 713 $ 674 $ 654 $ 656 General, administrative & other expenses (539) (568) (612) (520) (2,343) Release of/(provision for) credit losses (47) (50) (63) (255) (266) Income before taxes $ 105 $ 95 $ (1) $ (121) $ (1,953) Income tax expense (20) (8) (1) 42 198 Net income/(loss) 85 87 (2) (79) (1,755) Net interest margin before provision 30 2Q19 3Q19 4Q19 1Q20 2Q20 3.1% 3.0% 2.8% 2.7% 2.5% Santander

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