Santander Consumer USA (SC) Tops Q4 EPS by 59c

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Go back to Santander Consumer USA (SC) Tops Q4 EPS by 59c

Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2020 Results

February 3, 2021 6:15 AM EST

DALLAS, Feb. 3, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") today announced net income for the fourth quarter ended December 31, 2020 ("Q4 2020") of $521 million, or $1.70 per diluted common share. Net income for the full year 2020 ("2020") was $911 million, or $2.87 per diluted common share.

As a result of the Federal Reserve Board's extended interim policy (the "Interim Policy"), SC is prohibited from paying a dividend in the first quarter of 2021. Although SC's standalone income is sufficient, SC consolidates into SHUSA's capital plan and, therefore, the calculation of the... More