Investor Presentaiton
Quarterly Profitability & NII
SHUSA reported net income of $122.5 million in Q4 compared to $227.8 million in Q3
Lower NII due to higher short-term interest rates
Reduction in total fees and other income driven by a decrease in operating lease income and deposit fees
Continued build of the Allowance of Credit Losses ("ACL") in response to market deterioration, increased charge-offs in the RIC portfolio, and
new originations in the personal unsecured portfolios
NET INTEREST INCOME (NII) ($M)
PPNR ($M)
Santander
$1,505
$1,480
$1,533
$1,599
$1,562
$917
$995
$950
$940
$882
4Q21
1Q22
2Q22
3Q22
4Q22
PRE-TAX INCOME ($M)
$903
$778
$546
$304
$121
4Q21
1Q22
4Q21
1Q22
2Q22
3Q22
4Q22
NET INCOME ATTRIBUTABLE TO SHUSA 1,2 ($M)
$570
$616
$439
$228
$123
2Q22
3Q22
4Q22
4Q21
1Q22
2Q22
3Q22
4Q22
8
1 Net income includes noncontrolling interest ("NCI").
2
See Appendix for the consolidating income statement.View entire presentation