---
schema_version: "secwatch.filing_event.v1"
accession: "0000811830-24-000013"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T05:08:55.988093+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Santander Holdings USA posts Q4 2023 net loss of $58M; NII declines to $1.4B

## Summary
- Net loss of $58M in Q4 2023 vs net income of $120M in Q3 2023; pre-tax loss of $149M.
- Net interest income (NII) fell to $1,403M in Q4 2023 from $1,471M in Q3 2023.
- Allowance for credit losses ratio rose to 7.5% from 7.0% in Q3 2023; total ACL $6.99B.
- CET1 ratio was 12.4% at Dec 31, 2023, down from 12.8% at Sep 30, 2023.
- Moody's upgraded SHUSA senior debt rating to Baa2 in Q3 2023.

## SEC filing metadata
- accession: 0000811830-24-000013
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000081183024000013/0000811830-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000081183024000013/sov-20240304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-24-000013
- JSON: https://secwatch.observer/filing/0000811830-24-000013.json
- Plain text: https://secwatch.observer/filing/0000811830-24-000013.txt

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