2022 Highlights and ESG Progress
In the US, credit normalization to continue in 2023, but the shift in Auto loan mix is
supporting a CoR below pre-pandemic levels
$ million
US Net Total Charge-Offs
$3,238
US Auto 60+ DQ
2019-2023 SC and SBNA Delinquency Rates
7.00%
$494
6.00%
Estimated to be
below pre-pandemic
"normal levels"
5.00%
$1,897
4.00%
3.00%
$2,597
$1,755
2.00%
1.00%
0.00%
Q1'19
Q1'20
Q1'21
-Total
Q1'22
SBNA ―SC
Q1'23 (e)
2019
2022
Auto
I Consumer (ex. Auto) Commercial Other inc. Bluestem
US RICS and Auto loan distribution by FICO Segment¹
2019-2023 NCO % (inc. repo)
8.0%
>=640
14%
15%
21%
6.70%
34%
7.0%
38%
39%
41%
600-639
17%
17%
US Auto Net-Charge Off Rates
Estimated to be
below pre-pandemic
"normal levels"
18%
6.0%
16%
5.0%
16%
16%
17%
3.70%
3.60%
4.0%
<600
53%
51%
51%
3.0%
41%
38%
38%
35%
1.70%
2.0%
No FICO
16%
17%
1.0%
11%
9%
9%
7%
7%
0.0%
2016
2017
2018
2019
2020
2021
2022
2019
% funded with deposits
17%
18%
22%
30%
2020
INCO rate (annual)
2021
―NCO rate (quarterly)
2022
2023 (e)
Santander
Note: NCO's are in IFRS.
(1) Consumer Retail instalment contract (RICS) and auto loans, excludes commercial fleet. Excludes LHFS.
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