Santander Consumer USA (SC) Announces Delay to Q2 Results Report

Santander Consumer USA Holdings Inc. (NYSE: SC) announced that it will delay the release of its Q2 2016 financial results, previously scheduled for Wednesday, July 27, 2016, because the Company's financial statements for the quarter have not yet been completed.

The Company is in discussions with its current and previous independent accountants regarding certain accounting matters, primarily related to the Company's discount accretion and credit loss allowance methodologies. The resolution of these matters may impact prior period financial statements and the timing of the filing of the Company's quarterly report on Form 10-Q for the quarter ended June 30, 2016 (the "Form 10-Q").

The Company is working diligently to file the Form 10-Q and schedule its earnings call as soon as practicable.

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