---
schema_version: "secwatch.filing_event.v1"
accession: "0000811830-24-000036"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:53:32.995633+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Santander Holdings USA's 2024 SCB set at 3.5%, total CET1 requirement rises to 8.0% effective Oct 1

## Summary
- Federal Reserve set SHUSA's 2024 stress capital buffer at 3.5% of CET1, up from 2.5% in prior cycle.
- Overall CET1 capital requirement increases to 8.0% from 7.0%, effective October 1, 2024.
- As of March 31, 2024, SHUSA held $5.1 billion in excess CET1 over the new 8.0% requirement.
- SHUSA remained in the top half of firms subject to the 2024 Supervisory Stress Test by CET1 ratio.

## SEC filing metadata
- accession: 0000811830-24-000036
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000081183024000036/0000811830-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000081183024000036/sov-20240628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-24-000036
- JSON: https://secwatch.observer/filing/0000811830-24-000036.json
- Plain text: https://secwatch.observer/filing/0000811830-24-000036.txt

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