August 21, 2017 10:22 AM ET

Consumer Finance

Company Overview of Santander Consumer USA Holdings Inc.

Company Overview

Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its vehicle finance products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit. The company also offers financial products and services related to motorcycles, recreational vehicles, and marine vehicles; originates vehicle loans through a Web-based direct lending program; purchases vehicle retail installment contracts from other lenders; and services automobile, and recreational and marine vehicle portfolios for ...

1601 Elm Street

Suite 800

Dallas, TX 75201

United States

Founded in 1995

5,100 Employees

Phone:

214-634-1110

Key Executives for Santander Consumer USA Holdings Inc.

Chief Executive Officer, President and Director
Age: 46
Total Annual Compensation: $2.3M
Chief Financial Officer
Age: 45
Total Annual Compensation: $2.4M
Chief Operating Officer
Age: 47
Total Annual Compensation: $746.4K
Chief Legal Officer, General Counsel and Corporate Secretary
Age: 57
Total Annual Compensation: $905.4K
Senior Adviser
Age: 45
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2016.

Santander Consumer USA Holdings Inc. Key Developments

Santander Consumer USA Holdings Inc. Proposes Dividends for the Fourth Quarter of 2017 and for the First and Second Quarter of 2018

Santander Consumer USA Holdings Inc. announced proposed dividends of $0.03 per share in fourth 2017 and $0.05 per share in first quarter and second quarter of 2018, as SC and SHUSA continue to make significant improvements to the organization's capital planning processes.

Santander Consumer USA Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2017; Provides Net Charge-Offs Guidance for the Third Quarter of 2017; Provides Earnings Guidance for the Year 2017

Santander Consumer USA Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company announced net finance and other interest income of $1,135,126 million compared to $1,202,255 million a year ago. Net finance and other interest income after provision for credit losses was $614,571 million compared to $690,334 million a year ago. Income before income taxes was $348,108 million compared to $437,563 million a year ago. Net income was $264,675 million or $0.74 per basic and diluted common share compared to $283,345 million or $0.79 per basic and diluted common share a year ago. Return on average assets was 2.7% compared to 3.0% a year ago. Return on average equity was 19.1% compared to 24.0% a year ago. For the six months, the company announced net finance and other interest income of $2,249,110 million compared to $2,416,059 million a year ago. Net finance and other interest income after provision for credit losses was $1,093,542 million compared to $1,243,968 million a year ago. Income before income taxes was $569,536 million compared to $766,505 million a year ago. Net income was $408,102 million or $1.13 per diluted common share compared to $491,644 million or $1.37 per basic and diluted common share a year ago. Return on average assets was 2.1% compared to 2.6% a year ago. Return on average equity was 15.0% compared to 21.3% a year ago. For the quarter, the company announced net charge-offs of $512,621,000 compared to $412,246,000 a year ago. For the third quarter of 2017, the company expects net interest income to be down 2% to 4%, driven by lower portfolio yield and higher interest expense. The company’s capex expense will be positively impacted by $7 million to $10 million associated with SCI's results. For the third quarter of 2017, net charge-offs are expected to be $220 million to $240 million higher as charge-offs seasonally increase in the quarter.

Banco Santander Reportedly Plans To Raise Stake In Santander Consumer

Banco Santander, S.A. (BME:SAN) is planning to raise stake in Santander Consumer USA Holdings Inc. (NYSE:SC). Banco Santander plans to go ahead with a proposal to increase control of Santander Consumer USA, after the business passed the Federal Reserve's stress test last month, according to people familiar with the matter. Banco Santander is still waiting for regulators to sign off on the transaction, first proposed in 2015. Banco Santander, which already owns 59% of Santander Consumer USA, has been trying for two years to purchase a 9.7% stake from co-founder Thomas G Dundon. It's not clear what Banco Santander would pay if the transaction goes ahead now. A Madrid-based press officer for Banco Santander declined to comment.

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