Santander Consumer USA (SC) Misses Q4 EPS by 38c
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Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2015 Results
January 27, 2016 6:16 AM ESTDALLAS, Jan. 27, 2016 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") today announced net income for fourth quarter 2015 of $68 million, or $0.19 per diluted common share, compared to third quarter 2015 net income of $224 million, or $0.62 per diluted common share, and fourth quarter 2014 of $247 million, or $0.69 per diluted common share. Fourth quarter 2015 earnings were negatively impacted by lower of cost or market ("LOCM") adjustments on the held for sale personal lending portfolio, driven by seasonal balance increases. Fourth quarter 2014 earnings were positively impacted by provision model adjustments.
Full year 2015 net income was... More
