Santander Consumer USA (SC) Posts Flat Q1 EPS

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Go back to Santander Consumer USA (SC) Posts Flat Q1 EPS

Santander Consumer USA Holdings Inc. Reports First Quarter 2016 Results

April 27, 2016 6:00 AM EDT

DALLAS, April 27, 2016 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") today announced net income for first quarter 2016 of $201 million, or $0.56 per diluted common share, down 19 percent from first quarter 2015 net income of $246 million, or $0.69 per diluted common share. Adjusted net income for the first quarter 2016 is $213.4 million, or $0.59 per diluted common share excluding, an impairment on intangible assets1.

First Quarter 2016 Key Highlights (variances compared to first quarter 2015):

Net finance and other interest income of $1.3 billion, up... More