January 20, 2018 4:58 PM 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.

President of Chrysler Capital and Auto Relationships
Age: 47
Total Annual Compensation: $746.4K
Chief Legal Officer, General Counsel and Corporate Secretary
Age: 57
Total Annual Compensation: $905.4K
Compensation as of Fiscal Year 2016.

Santander Consumer USA Holdings Inc. Key Developments

Santander Consumer Usa Holdings Inc. Announces Resignation of Mark Hurley Fro the Board of Directors

Santander Consumer USA Holdings Inc. announced that on November 27, 2017, Mark Hurley submitted his resignation from the Board of Directors of the company, effective as of November 27, 2017.

Santander Consumer USA Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Announces Unaudited Consolidated Net Charge-Offs for the Third Quarter Ended September 30, 2017

Santander Consumer USA Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported interest on finance receivables and loans was $1,185,059,000 against $1,246,386,000 a year ago. Total finance and other interest income was $1,649,376,000 against $1,638,525,000 a year ago. Net finance and other interest income was $1,059,121,000 against $1,178,620,000 a year ago. Net finance and other interest income after provision for credit losses was $522,674,000 against $568,222,000 a year ago. Income before income taxes was $277,773,000 against $304,020,000 a year ago. Net income was $199,388,000 against $213,547,000 a year ago. Net income per common share - diluted was $0.55 against $0.59 a year ago. Return on average assets of 2% against 2.2% a year ago. Return on average equity of 13.8% against 17.1% a year ago. For the period, the company reported interest on finance receivables and loans was $3,626,497,000 against $3,804,322,000 a year ago. Total finance and other interest income was $4,947,341,000 against $4,902,413,000 a year ago. Net finance and other interest income was $3,308,231,000 against $3,594,679,000 a year ago. Net finance and other interest income after provision for credit losses was $1,616,216,000 against $1,812,190,000 a year ago. Income before income taxes was $847,309,000 against $1,070,525,000 a year ago. Net income was $607,490,000 against $705,191,000 a year ago. Net income per common share - diluted was $1.69 against $1.96 a year ago. Return on average assets of 2.1% against 2.5% a year ago. Return on average equity of 14.6% against 19.8% a year ago. For the quarter, the company's net charge-offs was $611,130,000 against $630,847,000 a year ago.

Santander Consumer USA Holdings Inc. Declares Cash Dividend, Payable on November 17, 2017

Santander Consumer USA Holdings Inc. declared a cash dividend of $0.03 per share, to be paid November 17, 2017 to shareholders of record as of the close of business on November 7, 2017.

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