Santander Holdings USA, Inc.

For the period ended Jun 30, 2026. Filed Jul 31, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 31, 2026

SNUS-PH$25.16+0.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets at and

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2026	December 31, 2025
ASSETS
Cash and cash equivalents	$11,381,591	$14,373,816
Federal funds sold and securities purchased under resale agreements or similar arrangements	9,440,137	8,639,667
Investment securities:
AFS at fair value (amortized cost of $7,426,314 and $7,956,281 as of June 30, 2026 and December 31, 2025, respectively)	6,797,351	7,327,735
Trading securities	17,902,688	15,608,767
HTM (fair value of $11,548,907 and $11,871,362 as of June 30, 2026 and December 31, 2025, respectively)	12,960,360	13,211,794
Other investments	2,525,793	2,567,434
LHFI (1)	82,710,074	82,891,309
ALLL	(5,818,621)	(5,999,656)
Net LHFI(4)	76,891,453	76,891,653
LHFS (2)	1,735,790	1,586,204
Premises and equipment, net	908,188	936,291
Operating lease assets, net (4)	6,605,992	8,357,063
Goodwill	2,766,665	2,766,665
Intangible assets, net	197,784	214,027
BOLI	2,052,765	2,056,456
Restricted cash (4)	7,240,924	5,322,087
Other assets (3) (4)	5,130,968	4,712,462
TOTAL ASSETS	$164,538,449	$164,572,121
LIABILITIES
Accounts payables and accrued expenses	$6,909,217	$6,042,405
Deposits and other customer accounts	79,564,561	78,977,702
Federal funds purchased and securities loaned or sold under repurchase agreements	22,135,117	19,460,394
Trading liabilities	3,475,945	4,002,351
Borrowings and other debt obligations (4)	32,744,295	37,102,112
Advance payments by borrowers for taxes and insurance	179,521	146,853
Other liabilities (4)	1,030,122	895,597
TOTAL LIABILITIES	146,038,778	146,627,414
Commitments and contingencies (Note 14)
MEZZANINE EQUITY
Preferred stock (no par value; 7,500,000 shares authorized; 2,000,000 shares outstanding at June 30, 2026 and December 31, 2025, respectively)	2,000,000	2,000,000
STOCKHOLDER'S EQUITY
Common stock and paid-in capital (no par value; 800,000,000 shares authorized; 530,391,043 shares outstanding at both June 30, 2026 and December 31, 2025, respectively)	17,275,965	17,307,470
Accumulated other comprehensive loss, net of tax	(607,614)	(533,559)
Accumulated deficit	(168,680)	(829,204)
TOTAL STOCKHOLDER'S EQUITY	16,499,671	15,944,707
TOTAL LIABILITIES, MEZZANINE AND STOCKHOLDER'S EQUITY	$164,538,449	$164,572,121

(1)Includes $3.2 million and $4.9 million of loans recorded at fair value at June 30, 2026 and December 31, 2025, respectively.

(2)Includes $1.4 billion and $1.5 billion of loans recorded at the FVO at June 30, 2026 and December 31, 2025, respectively.

(3)Includes MSRs of $78.7 million and $79.5 million at June 30, 2026 and December 31, 2025, respectively, for which the Company has elected the FVO.

(4)The Company has interests in certain Trusts that are considered VIEs for accounting purposes. At June 30, 2026 and December 31, 2025, net LHFI included $16.7 billion and $21.6 billion, Operating leases assets, net included $6.6 billion and $8.4 billion, restricted cash included $1.7 billion and $668.2 million, Other assets included $620.3 million and $710.7 million, Borrowings and other debt obligations included $17.6 billion and $23.6 billion, and Other liabilities included $117.7 million and $96.1 million of assets or liabilities, respectively, that were included within VIEs. See Note 5 to these Condensed Consolidated Financial Statements for additional information.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.