secwatch.observer — SEC 8-K summary
======================================

Issuer:     Santander Holdings USA, Inc. (SNUS-PI)
CIK:        0000811830
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000811830-23-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000081183023000029/0000811830-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000081183023000029/sov-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000811830-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer