---
schema_version: "secwatch.filing_event.v1"
accession: "0000811830-23-000018"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:07:27.164758+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Santander Holdings USA Q1 net income $325M, down 58% YoY; CET1 falls to 12.7%

## Summary
- Q1 2023 net income $325M vs $778M in Q1 2022; pre-tax income $325M, up from $121M in Q4 2022.
- Pre-provision net revenue $867M, down 13% YoY; net interest income $1.51B, up 2% YoY but down QoQ.
- Total deposits $78B, uninsured $27.1B; liquidity coverage ratio 108% with $29.2B available sources.
- CET1 ratio 12.7% (down from 13.2% in Q4 2022 and 18.5% in Q1 2022); Tier 1 leverage 9.7%.
- Total auto originations $6.2B, down 17% YoY; SBNA originations $2.6B, up 26% YoY. Declared $250M dividend to parent.

## SEC filing metadata
- accession: 0000811830-23-000018
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2023-05-09T23:59:59+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/811830/000081183023000018/0000811830-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000081183023000018/sov-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-23-000018
- JSON: https://secwatch.observer/filing/0000811830-23-000018.json
- Plain text: https://secwatch.observer/filing/0000811830-23-000018.txt

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