---
schema_version: "secwatch.filing_event.v1"
accession: "0000811830-22-000008"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2022-03-03T23:59:59+00:00"
generated_at: "2026-06-27T02:12:21.444599+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Santander Holdings USA restates cash flow statements for 2021 quarters; material weakness found

## Summary
- Misclassification of $1.1B, $900M, $800M in operating vs. investing cash flows for Q1, H1, 9M 2021.
- Management and Audit Committee determined on Feb 25, 2022 that prior financials should not be relied upon.
- Errors had no impact on balance sheet, income statement, regulatory capital, or key performance metrics.
- Material weakness in internal controls identified; CEO and CFO concluded controls ineffective as of each period.

## SEC filing metadata
- accession: 0000811830-22-000008
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2022-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000081183022000008/0000811830-22-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000081183022000008/sov-20220303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-22-000008
- JSON: https://secwatch.observer/filing/0000811830-22-000008.json
- Plain text: https://secwatch.observer/filing/0000811830-22-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.