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 Statements of Operations for the and

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three months ended June 30,		Six months ended June 30,
	2026	2025	2026	2025
INTEREST INCOME:
Loans	$1,990,296	$2,096,464	$3,984,083	$4,216,697
Interest-earning deposits	153,782	269,676	316,542	514,482
Interest and fees on federal funds sold and securities purchased under resale agreements or similar arrangements	293,079	458,092	603,132	898,967
Investment securities:
AFS	94,020	97,768	181,354	191,138
HTM	98,452	59,259	195,763	118,993
Trading securities	242,503	189,745	471,668	356,920
Other investments	10,278	11,148	20,411	21,853
TOTAL INTEREST INCOME	2,882,410	3,182,152	5,772,953	6,319,050
INTEREST EXPENSE:
Deposits and other customer accounts	442,907	488,721	884,184	977,303
Interest expense on federal funds purchased and securities loaned or sold under repurchase agreements	421,252	589,783	850,748	1,151,625
Interest expense on trading liabilities	46,184	33,552	89,661	73,201
Borrowings and other debt obligations	451,217	588,675	932,242	1,177,476
TOTAL INTEREST EXPENSE	1,361,560	1,700,731	2,756,835	3,379,605
NET INTEREST INCOME	1,520,850	1,481,421	3,016,118	2,939,445
Credit loss expense	247,636	372,867	678,978	798,810
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE	1,273,214	1,108,554	2,337,140	2,140,635
NON-INTEREST INCOME:
Consumer and commercial fees	109,584	127,382	233,293	235,798
Capital markets and foreign exchange income	250,907	132,982	421,488	228,711
Lease income	284,748	418,981	605,969	884,709
Miscellaneous income, net (1)	139,061	169,741	300,883	337,675
TOTAL FEES AND OTHER INCOME	784,300	849,086	1,561,633	1,686,893
Securities gains, net	22,120	21,663	48,600	61,922
TOTAL NON-INTEREST INCOME	806,420	870,749	1,610,233	1,748,815
GENERAL, ADMINISTRATIVE AND OTHER EXPENSES:
Compensation and benefits	541,568	508,991	1,085,891	1,073,147
Occupancy and equipment expenses	161,437	172,371	323,235	357,651
Technology, outside service, and marketing expense	189,762	213,022	405,374	417,402
Loan expense	74,531	85,854	158,253	161,410
Lease expense	215,848	339,620	503,328	695,019
Other expenses	137,529	123,740	229,531	266,319
TOTAL GENERAL, ADMINISTRATIVE AND OTHER EXPENSES	1,320,675	1,443,598	2,705,612	2,970,948
INCOME BEFORE INCOME TAX	758,959	535,705	1,241,761	918,502
Income tax provision	174,256	37,961	242,887	54,884
NET INCOME	$584,703	$497,744	$998,874	$863,618

(1) Includes equity investment income/(expense), net.

ContentsView on SEC.gov

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