---
schema_version: "secwatch.filing_event.v1"
accession: "0000811830-22-000044"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T19:07:23.191181+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000811830-22-000044
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000081183022000044/0000811830-22-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000081183022000044/sov-20221115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-22-000044
- JSON: https://secwatch.observer/filing/0000811830-22-000044.json
- Plain text: https://secwatch.observer/filing/0000811830-22-000044.txt

## Key facts
- Earnings Releases
  Santander Holdings USA, Inc. reported 3Q22 results: revenue $1,599, net income $228.
  - Period: 3Q22
  - Revenue: $1,599
  - Net income: $228
  - Result: reported results
  source text: NET INTEREST INCOME (NII) ($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
  evidence_url: https://www.sec.gov/Archives/edgar/data/811830/000081183022000044/0000811830-22-000044-index.htm

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