Santander Consumer USA (SC) Reports In-Line Q1 EPS

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Go back to Santander Consumer USA (SC) Reports In-Line Q1 EPS

Santander Consumer USA Holdings Inc. Reports First Quarter 2020 Results

April 28, 2020 6:15 AM EDT

DALLAS, April 28, 2020 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") today announced net income for the first quarter ended March 31, 2020 ("Q1 2020") of $(4) million, or $(0.01) per diluted common share. The quarter included $442 million of incremental allowance for credit loss primarily driven by macroeconomic factors and COVID-19, approximately $0.81 per diluted common share.

The Company has declared a cash dividend of $0.22 per share, to be paid on May 18, 2020, to shareholders of record as of the close of business on May 8, 2020.

Management Quotes:

"During this... More