Quarterly Trended Statement Of Operations
Allowance For Credit Losses ("ACL")
Allowance ratio stable QoQ
June 30,
December 31,
June 30,
Allowance Ratios
2022
(Dollars in Millions)
(Unaudited)
2021
(Audited)
2021
(Unaudited)
Total loans held for investment
("LHFI")
$92,762
$92,076
$93,131
Total ACL1
$6,641
$6,566
$7,014
Total Allowance Ratio
7.2%
7.1%
7.5%
Under the Federal Reserve's April 2022 stress test (Severely Adverse Scenario):
Q2 2022 ending ACL represents ~69% of stress test losses
SHUSA's stressed capital ratio² of 18.7% ranked in the top quartile among participating banks
PPNR³ of $7.3B (4.6% of average assets) ranked in the top quartile among participating banks
Santander
Includes ACL for unfunded commitments
2 Projected minimum CET1 ratio (minimum and ending) under the severely adverse scenario over the nine-quarter projection horizon, 2022:Q1-2024:Q1
Projected PPNR under the severely adverse scenario through the nine-quarter projection horizon, 2022:Q1-2024:Q1
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