Santander US Quarterly Financial Analysis
CONSOLIDATING INCOME STATEMENT
For the three-month period ended June 30, 2020
($ in Millions)
Interest income
Interest expense
Net interest income
Fees & other income/(expense)
Other non-interest income
Net revenue/(loss)
General, administrative and other expenses
Provision for credit losses
SBNA
SC
Other(1)
591
1,293
IHC Entities (2)
80 i
SHUSA
1,968
(89)
(309)
(23)
(8)
(429)
S
502
SA
984
(19) $
I
72
1,539
132
668
(20)
131
911
22
1 !
23
EA
$
656
1,652
(39) $
204
$
2,473
(2,343)
(920)
(33)
(135)
(3,431)
(266)
(862)
4
(1,124)
Income/(loss) before taxes
(1,953) $
(130) $
(72) $
73
(2,082)
Income tax (expense)/benefit
198
33
(24)
(21)
186
Net income/(loss)
(1,755)
(97)
(96)
52
(1,896)
Less: Net income attributable to NCI (3)
(23)
(23)
Net income attributable to SHUSA
(1,755)
(74)
(96)
52
(1,873)
23
1 Includes holding company activities, IHC eliminations, and eliminations and purchase accounting marks related to SC consolidation.
3
2 The entities acquired in the formation of the IHC are presented within "other" in SHUSA's financial statement segment presentation due to immateriality.
SHUSA net income includes NCI.
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