Santander Consumer USA (SC) Tops Q4 EPS by 13c

Santander Consumer USA (NYSE: SC) reported Q4 EPS of $0.69, $0.13 better than the analyst estimate of $0.56.

Fourth Quarter 2014 Key Highlights:

• Return on average equity of 29.1%, up from 23.9% in prior quarter and 17.3% in prior year fourth quarter
• Return on average assets of 3.1%, up from 2.5% in prior quarter and 1.8% in prior year fourth quarter
• Total originations of $6.1 billion, seasonally down from $7.4 billion in prior quarter and up from $5.8 billion in prior year fourth quarter
• Managed assets of $41.2 billion, up from $40.4 billion as of prior quarter-end and $30.0 billion as of prior year-end
• Net charge-off ratio of 8.6%, seasonally up from 8.4% in prior quarter and up from 8.1% in prior year fourth quarter
• Provision for credit losses of $560 million, down from $770 million in the prior quarter and $629 million in prior year fourth quarter
• Efficiency ratio of 19.1%, up from 16.0% in prior quarter, and in line with 19.2% in prior year fourth quarter
• Unsecured loans of $1.8 billion, up from $1.3 billion as of prior quarter-end and $954 million as of prior year-end

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

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