January 22, 2017 11:35 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. The company’s vehicle finance products and services include retail installment contracts, vehicle leases, and dealer loans. It also offers financial products and services related to motorcycles, RVs, 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 other lenders. Santander Consumer USA Holdings Inc. was founded in 1995 and is headquartered in Dallas, Texas. Santa...

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: 45
Total Annual Compensation: $1.8M
Chief Financial Officer
Age: 44
Total Annual Compensation: $32.5K
Chief Operating Officer
Age: 46
Total Annual Compensation: $927.4K
Chief Risk Officer
Age: 48
Total Annual Compensation: $554.1K
Senior Adviser
Age: 44
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2015.

Santander Consumer USA Holdings Inc. Key Developments

Santander Consumer USA Holdings Inc. Announces Executive Changes

On November 29, 2016, Gerald Plush, a director, submitted his resignation from the Board of Directors of Santander Consumer USA Holdings Inc., effective as of November 29, 2016. On November 29, 2016, the Board appointed Edith (Ede) E. Holiday as a director of the company. Ms. Holiday will serve on the company’s Compensation and Regulatory and Compliance Oversight Committees. Ms. Holiday’s term will expire at the 2017 annual meeting of stockholders, and Ms. Holiday will hold office for the remainder of her term until her successor is elected and qualified. Ms. Holiday is a member of the Board of Directors of Hess Corporation, White Mountains Insurance Group Ltd., and Canadian National Railway and is a member of the Boards of Directors or Trustees of various investment companies in the Franklin Templeton Group of Funds, serving as Lead Director of the Templeton Funds. On November 29, 2016, the Board appointed William F. (Bill) Muir as a director of the company. Mr. Muir will serve on the company’s audit and risk committees. Mr. Muir’s term will expire at the 2017 annual meeting of stockholders, and Mr. Muir will hold office for the remainder of his term until his successor is elected and qualified. Mr. Muir is the former President of Ally Financial Inc. where he led the Dealer Financial Services business. He was responsible for the company’s global auto finance, insurance, vehicle remarketing and servicing operations. Mr. Muir was also a long-standing member of the Ally Bank Board of Directors.

Santander Consumer USA Holdings Inc. Presents at JPMorgan 2016 FinTech & Specialty Finance Forum, Nov-30-2016 11:00 AM

Santander Consumer USA Holdings Inc. Presents at JPMorgan 2016 FinTech & Specialty Finance Forum, Nov-30-2016 11:00 AM. Venue: 383 Madison Avenue, New York, New York, United States. Speakers: Jason A. Kulas, Chief Executive Officer, President and Director.

Santander Consumer USA Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Net Interest Income and Net Charge-Offs Guidance for the Fourth Quarter 2016

Santander Consumer USA Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended Sept. 30, 2016. For the third quarter, the company reported interest on finance receivables and loans of $1,246,386,000 against $1,285,085,000 a year ago. Total finance and other interest income was $1,638,525,000 against $1,561,630,000 a year ago. Net finance and other interest income was $1,178,620,000 against $1,215,665,000 a year ago. Income before income taxes was $304,020,000 against $372,974,000 a year ago. Net income was $213,547,000 against $236,435,000 a year ago. Diluted net income per common share was $0.59 against $0.66 a year ago. Return on average assets was 2.2% against 2.6% a year ago. Return on average equity was 17.1% against 22.2% a year ago. For the nine months, the company reported interest on finance receivables and loans of $3,804,322,000 against $3,761,757,000 a year ago. Total finance and other interest income was $4,902,413,000 against $4,527,854,000 a year ago. Net finance and other interest income was $3,594,679,000 against $3,538,791,000 a year ago. Income before income taxes was $1,070,525,000 against $1,311,411,000 a year ago. Net income was $705,191,000 against $843,595,000 a year ago. Diluted net income per common share was $1.96 against $2.38 a year ago. Return on average assets was 2.5% against 3.2% a year ago. Return on average equity was 19.8% against 28.2% a year ago. The company expects net interest income to be down 3% to 4% in the fourth quarter due to lower balances and mix. The company expects allowance for credit losses to be flat to slightly lower. Net charge-offs are expected to be $30 million to $50 million higher as the fourth quarter is seasonally worst-performing quarter.

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