Santander Financial Performance Update
BORROWED FUNDS PROFILE
Total funding of $43.4 in Q1, down 18% YoY
Reduction in FHLB advances driven by significant deposit growth
Third-party secured funding reduction facilitated by increase in off-balance sheet securitizations
13
Total Funding ($ in Billions)
$53.0
$49.9
$48.1
9.0
2.0
$46.4
5.4
4.0
$43.4
4.0
3.1
1.2
4.0
1Q21
4Q20
1Q20
9.4
0.9
QoQ (%) YoY (%)
11.0
10.9
10.9
10.5
Senior Unsecured Debt
10.5
10.9
9.4
(3.0)
11.6
FHLB Advances
0.9
1.2
9.0
(24.9)
(90.4)
Third-Party Secured Funding
2.3
4.2
6.5
(43.5)
(64.0)
34.6
31.5
30.1
30.3
28.0
Amortizing Notes
5.7
7.2
9.9
(21.7)
(42.7)
Public Securitizations
20.0
18.9
18.2
5.7
10.3
SC - BSSA
4.0
4.0
0.0
Flat
NA
1Q20
2Q20
3Q20
4Q20
1Q21
Total SHUSA Funding
43.4
46.4
53.0
(6.3)
(18.0)
SC Holdco ISBNA SC - BSSA
SantanderView entire presentation