Santander Financial Performance Update

Q1 2021 HIGHLIGHTS 7 Regulatory The Federal Reserve Bank of Boston terminated its 2017 Written Agreement with SHUSA & SC The OCC upgraded SBNA's Community Reinvestment Act ("CRA") rating to "Outstanding" Deposits & Originations Deposits of $74B, up 6% YoY Record Q1 auto originations of $8.6B ($2B in loans through SBNA); 36% penetration rate with Stellantis Profitability Balance Sheet & Liquidity Credit Performance Net Attributable Income of $748M, driven by better credit performance and lower losses PPNR1 of $1.3B, up 22% YoY driven by lower interest expense, increased fees via capital markets and wealth management, strong lease residual performance and disciplined expense management Sold $1.3B nonprime, unsecured personal loan portfolio and $2.4B in off-balance sheet prime auto loans Sold $160M of commercial/consumer loans associated with SFS2 BSI announced a transaction to acquire up to $4.3BN in client assets and liabilities from global wealth management company, Credit Agricole Solid credit performance driven by strong auto/recovery performance and government stimulus SBNA Q1 net charge-off ratio of 0.3%, down 32 bps YoY SC Q1 net charge-off ratio of 3.0%, down 470 bps YoY and 69.1% recovery rate Allowance ratio of 8.0%, stable versus YE 2020 Reserves & Capital Common Equity Tier 1 ("CET1") ratio of 17.0%, up 110bps versus YE 2020 $3.5BN of ABS across two transactions, both achieved lowest cost of funds/largest deal size in platform history 1 Pre-Provision Net Revenue 2 Subsequent to Q1, Santander Financial Services ("SFS") acquired all non-performing loans and repossessed assets from sale of SBC Santander

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