8-K filed November 15, 2022, 6:59 PM ET ticker SNUS-PI CIK 0000811830

earnings confidence high sentiment negative materiality 0.75

SHUSA Q3 2022 net income $228M, down 68% YoY; credit loss expense $636M

Santander Holdings USA, Inc.

Net income attributable to SHUSA $228M vs $707M in Q3 2021; pre-tax income $304M vs $1,084M.
Credit loss expense $636M vs $20M a year ago; net charge-off ratios normalizing but still below pre-pandemic.
CET1 ratio 15.2% (down 170bps QoQ) after $1.75B dividend paid to parent Santander.
Total loans $96.8B, up 5% YoY; auto originations $8.2B flat QoQ and up 5% YoY.
Net interest income $1.599B, up 4% YoY; NIM 4.5% vs 4.8% in Q3 2021.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Santander Holdings USA, Inc. reported 3Q22 results: revenue $1,599, net income $228.

Period: 3Q22
Revenue: $1,599
Net income: $228
Result: reported results

Exact text from the filing

NET INTEREST INCOME (NII) ($M) PRE-TAX INCOME ($M) NET INCOME ATTRIBUTABLE TO SHUSA1,2 ($M) PPNR ($M) 1 Net income includes noncontrolling interest (“NCI”). 2 See Appendix for the consolidating income statement. $1,534 $1,505 $1,480 $1,533 $1,599 3Q21 4Q21 1Q22 2Q22 3Q22 $1,084 $903 $778 $546 $304 3Q21 4Q21 1Q22 2Q22 3Q22 $707 $570 $616 $439 $228 3Q21 4Q21 1Q22 2Q22 3Q22 $1,104 $917 $995 $950 $940 3Q21 4Q21 1Q22 2Q22 3Q22

View on SEC.gov

Browse all earnings releases →

Santander Holdings USA, Inc. filing history →

Source: SEC EDGAR

accession 0000811830-22-000044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.