Santander Holdings USA, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
SNUS-PH$25.15+23.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| INTEREST INCOME: | |||
| Loans | $8,356,608 | $8,580,147 | $8,270,437 |
| Interest-earning deposits | 920,487 | 909,851 | 773,966 |
| Interest and fees on federal funds sold and securities purchased under resale agreements or similar arrangements | 1,679,483 | 2,787,163 | 2,415,539 |
| Investment securities: | |||
| AFS | 385,480 | 375,810 | 269,676 |
| HTM | 285,863 | 203,291 | 185,071 |
| Trading securities | 767,769 | 564,858 | 397,595 |
| Other investments | 40,968 | 45,016 | 42,806 |
| TOTAL INTEREST INCOME | 12,436,658 | 13,466,136 | 12,355,090 |
| INTEREST EXPENSE: | |||
| Deposits and other customer accounts | 1,880,013 | 2,059,472 | 1,544,186 |
| Interest expense on federal funds purchased and securities loaned or sold under repurchase agreements | 2,210,270 | 3,283,107 | 2,739,050 |
| Interest expense on trading liabilities | 150,517 | 169,583 | 142,120 |
| Borrowings and other debt obligations | 2,242,993 | 2,376,416 | 2,054,386 |
| TOTAL INTEREST EXPENSE | 6,483,793 | 7,888,578 | 6,479,742 |
| NET INTEREST INCOME | 5,952,865 | 5,577,558 | 5,875,348 |
| Credit loss expense | 1,655,924 | 1,937,119 | 2,226,438 |
| NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE | 4,296,941 | 3,640,439 | 3,648,910 |
| NON-INTEREST INCOME: | |||
| Consumer and commercial fees | 487,095 | 416,112 | 349,357 |
| Capital markets and foreign exchange income | 494,289 | 408,768 | 195,808 |
| Lease income | 1,631,032 | 2,178,597 | 2,462,990 |
| Miscellaneous income, net (1) | 713,902 | 376,731 | 311,655 |
| TOTAL FEES AND OTHER INCOME | 3,326,318 | 3,380,208 | 3,319,810 |
| Securities gains, net | 154,705 | 224,459 | 145,039 |
| TOTAL NON-INTEREST INCOME | 3,481,023 | 3,604,667 | 3,464,849 |
| GENERAL, ADMINISTRATIVE AND OTHER EXPENSES: | |||
| Compensation and benefits | 2,138,311 | 2,145,506 | 2,065,108 |
| Occupancy and equipment expenses | 725,848 | 653,026 | 667,205 |
| Technology, outside service, and marketing expense | 867,340 | 796,899 | 729,208 |
| Loan expense | 355,169 | 333,617 | 356,480 |
| Lease expense | 1,312,792 | 1,708,193 | 1,925,279 |
| Other expenses | 536,973 | 637,227 | 583,723 |
| TOTAL GENERAL, ADMINISTRATIVE AND OTHER EXPENSES | 5,936,433 | 6,274,468 | 6,327,003 |
| INCOME BEFORE INCOME TAX | 1,841,531 | 970,638 | 786,756 |
| Income tax provision / (benefit) | 196,373 | (106,761) | (146,146) |
| NET INCOME | $1,645,158 | $1,077,399 | $932,902 |
(1) Includes equity investment income/(expense), net.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.