Santander Holdings USA reports Q3 2023 net income $120M; pre-tax loss $28M, NII down 8% YoY

Santander Holdings USA, Inc.

Net income $120M vs $228M Q3 2022; pre-tax loss $28M vs income $304M YoY.
Net interest income $1,471M, down 8% YoY from $1,599M; PPNR $828M vs $940M.
CET1 ratio 12.8%, Tier 1 risk-based 10.3%, total risk-based 14.2%, all stable or slightly up.
Moody's upgraded SHUSA senior debt to Baa2; S&P affirmed BBB+ with stable outlook.
Auto loans 27% of assets; consumer net charge-off rate 2.00%, commercial 0.40%.

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.