Non-GAAP to GAAP Reconciliations

Quarterly Trended Statement of Operations (US$ Millions) Interest income Interest expense Net interest income 2018 3Q18 4Q18 1Q19 2Q19 $ 2,001 $ 2,043 $ 2,095 $ 2,141 2,176 (409) (444) (491) (538) (554) 1,592 1,599 1,604 1.603 1,622 Fees & other income 819 824 807 897 961 Other non interest income (2) (5) (2) 2 Net revenue 2,411 2,421 2,406 2.498 2,585 General, administrative, and other expenses (1,449) (1,451) (1,491) (1,542) Provision for credit losses (434) (621) (731) (600) (1,542) (481) Income before taxes 528 349 184 356 562 Income tax (expense)/benefit (168) (110) (52) (116) (155) Net income $ 360 $ 239 $ 132 $ 240 $ 407 Less: Net Income Attributable to NCI 104 72 32 73 111 Net income Attributable to SHUSA 256 $ 167 $ 100 $ 167 $ 296 23 Santander

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