Santander Consumer USA (SC) Tops Q2 EPS by 7c

Santander Consumer USA (NYSE: SC) reported Q2 EPS of $0.79, $0.07 better than the analyst estimate of $0.72.

Second Quarter 2015 Key Highlights:

• Total originations of $7.6 billion, up from $7.4 billion originated in prior quarter and $6.7 billion originated in prior year second quarter
• Asset sales of $2.8 billion, up from $1.5 billion in prior quarter and $1.8 billion in prior year second quarter
• Serviced for others portfolio of $13.1 billion, up from $11.2 billion in prior quarter and $8.0 billion in prior year second quarter
• Managed assets of $49.6 billion, up from $46.6 billion in the prior quarter and $38.6 billion in prior year second quarter
• Net charge-off ratio of 5.3%, down from 6.7% in prior quarter and 5.8% in prior year second quarter
• Return on average equity of 28.2%, down from 31.2% in prior quarter and 33.0% in prior year second quarter
• Return on average assets of 3.2%, down from 3.5% in prior quarter and 3.4% in prior year second quarter
• Provision for credit losses of $739 million, up from $606 million in the prior quarter and $589 million in prior year second quarter
• Expense ratio of 2.1%, down from 2.2% in prior quarter and 2.3% in prior year second quarter

For earnings history and earnings-related data on Santander Consumer USA (SC) click here.

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