Santander Holdings USA Q2 2023 net interest income flat at $112M, pre-tax income down 4% QoQ to $171M

Santander Holdings USA, Inc.

Net interest income of $112M in Q2 2023, flat vs Q1 2023 and up 3% YoY from $109M.
Pre-tax income of $171M vs $178M in Q1 2023; net income also $171M (slide appears to show same figure).
CET1 ratio improved to 10.0% from 9.7% in Q1; total risk-based capital ratio 12.8% vs 12.7%.
Total funding $45.6B, down 1% from Q1; FHLB borrowings surged 215% YoY to $8.7B.
Pre-provision net revenue (PPNR) stable at $79M for Q2, unchanged from prior quarter.

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