NYSE: SNUS-PI
Santander Holdings USA, Inc.CIK 0000811830 · SIC 6021 · National Commercial Banks
Micro by revenue · Mega by assets
Assets $164.5B
as of Aug 28, 2026
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (HPQ 10-Q) is open in full — no account needed.
8-K
Filed Aug 27, 2026
· Period ending Aug 25, 2026
Summary not yet generated.
8-K
Filed Aug 20, 2026
· Period ending Aug 19, 2026
Summary not yet generated.
Partner
Trade SNUS-PI commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
8-K
Filed Aug 12, 2026
· Period ending Aug 12, 2026
Summary not yet generated.
10-Q
Filed Jul 31, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
424B3
Filed Jun 4, 2026
Summary not yet generated.
424B3
Filed Jun 2, 2026
Summary not yet generated.
10-Q
Filed May 4, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Mar 2, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
424B3
Filed Mar 19, 2025
Summary not yet generated.
10-K
Filed Mar 3, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-Q/A
Filed Mar 3, 2022
· Period ending Sep 30, 2021
Summary not yet generated.
10-K/A
Filed Dec 8, 2016
· Period ending Dec 31, 2015
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 31, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| INTEREST INCOME: | ||||
| Loans | 1,990,296 | 2,096,464 | 3,984,083 | 4,216,697 |
| Interest-earning deposits | 153,782 | 269,676 | 316,542 | 514,482 |
| Interest and fees on federal funds sold and securities purchased under resale agreements or similar arrangements | 293,079 | 458,092 | 603,132 | 898,967 |
| Investment securities: | ||||
| AFS | 94,020 | 97,768 | 181,354 | 191,138 |
| HTM | 98,452 | 59,259 | 195,763 | 118,993 |
| Trading securities | 242,503 | 189,745 | 471,668 | 356,920 |
| Other investments | 10,278 | 11,148 | 20,411 | 21,853 |
| TOTAL INTEREST INCOME | 2,882,410 | 3,182,152 | 5,772,953 | 6,319,050 |
| INTEREST EXPENSE: | ||||
| Deposits and other customer accounts | 442,907 | 488,721 | 884,184 | 977,303 |
| Interest expense on federal funds purchased and securities loaned or sold under repurchase agreements | 421,252 | 589,783 | 850,748 | 1,151,625 |
| Interest expense on trading liabilities | 46,184 | 33,552 | 89,661 | 73,201 |
| Borrowings and other debt obligations | 451,217 | 588,675 | 932,242 | 1,177,476 |
| TOTAL INTEREST EXPENSE | 1,361,560 | 1,700,731 | 2,756,835 | 3,379,605 |
| NET INTEREST INCOME | 1,520,850 | 1,481,421 | 3,016,118 | 2,939,445 |
| Credit loss expense | 247,636 | 372,867 | 678,978 | 798,810 |
| NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE | 1,273,214 | 1,108,554 | 2,337,140 | 2,140,635 |
| NON-INTEREST INCOME: | ||||
| Consumer and commercial fees | 109,584 | 127,382 | 233,293 | 235,798 |
| Capital markets and foreign exchange income | 250,907 | 132,982 | 421,488 | 228,711 |
| Lease income | 284,748 | 418,981 | 605,969 | 884,709 |
| Miscellaneous income, net (1) | 139,061 | 169,741 | 300,883 | 337,675 |
| TOTAL FEES AND OTHER INCOME | 784,300 | 849,086 | 1,561,633 | 1,686,893 |
| Securities gains, net | 22,120 | 21,663 | 48,600 | 61,922 |
| TOTAL NON-INTEREST INCOME | 806,420 | 870,749 | 1,610,233 | 1,748,815 |
| GENERAL, ADMINISTRATIVE AND OTHER EXPENSES: | ||||
| Compensation and benefits | 541,568 | 508,991 | 1,085,891 | 1,073,147 |
| Occupancy and equipment expenses | 161,437 | 172,371 | 323,235 | 357,651 |
| Technology, outside service, and marketing expense | 189,762 | 213,022 | 405,374 | 417,402 |
| Loan expense | 74,531 | 85,854 | 158,253 | 161,410 |
| Lease expense | 215,848 | 339,620 | 503,328 | 695,019 |
| Other expenses | 137,529 | 123,740 | 229,531 | 266,319 |
| TOTAL GENERAL, ADMINISTRATIVE AND OTHER EXPENSES | 1,320,675 | 1,443,598 | 2,705,612 | 2,970,948 |
| INCOME BEFORE INCOME TAX | 758,959 | 535,705 | 1,241,761 | 918,502 |
| Income tax provision | 174,256 | 37,961 | 242,887 | 54,884 |
| NET INCOME | 584,703 | 497,744 | 998,874 | 863,618 |
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | 11,381,591 | 14,373,816 |
| Federal funds sold and securities purchased under resale agreements or similar arrangements | 9,440,137 | 8,639,667 |
| Investment securities: | ||
| AFS at fair value (amortized cost of $7,426,314 and $7,956,281 as of June 30, 2026 and December 31, 2025, respectively) | 6,797,351 | 7,327,735 |
| Trading securities | 17,902,688 | 15,608,767 |
| HTM (fair value of $11,548,907 and $11,871,362 as of June 30, 2026 and December 31, 2025, respectively) | 12,960,360 | 13,211,794 |
| Other investments | 2,525,793 | 2,567,434 |
| LHFI (1) | 82,710,074 | 82,891,309 |
| ALLL | (5,818,621) | (5,999,656) |
| Net LHFI(4) | 76,891,453 | 76,891,653 |
| LHFS (2) | 1,735,790 | 1,586,204 |
| Premises and equipment, net | 908,188 | 936,291 |
| Operating lease assets, net (4) | 6,605,992 | 8,357,063 |
| Goodwill | 2,766,665 | 2,766,665 |
| Intangible assets, net | 197,784 | 214,027 |
| BOLI | 2,052,765 | 2,056,456 |
| Restricted cash (4) | 7,240,924 | 5,322,087 |
| Other assets (3) (4) | 5,130,968 | 4,712,462 |
| TOTAL ASSETS | 164,538,449 | 164,572,121 |
| LIABILITIES | ||
| Accounts payables and accrued expenses | 6,909,217 | 6,042,405 |
| Deposits and other customer accounts | 79,564,561 | 78,977,702 |
| Federal funds purchased and securities loaned or sold under repurchase agreements | 22,135,117 | 19,460,394 |
| Trading liabilities | 3,475,945 | 4,002,351 |
| Borrowings and other debt obligations (4) | 32,744,295 | 37,102,112 |
| Advance payments by borrowers for taxes and insurance | 179,521 | 146,853 |
| Other liabilities (4) | 1,030,122 | 895,597 |
| TOTAL LIABILITIES | 146,038,778 | 146,627,414 |
| Commitments and contingencies (Note 14) | ||
| MEZZANINE EQUITY | ||
| Preferred stock (no par value; 7,500,000 shares authorized; 2,000,000 shares outstanding at June 30, 2026 and December 31, 2025, respectively) | 2,000,000 | 2,000,000 |
| STOCKHOLDER'S EQUITY | ||
| Common stock and paid-in capital (no par value; 800,000,000 shares authorized; 530,391,043 shares outstanding at both June 30, 2026 and December 31, 2025, respectively) | 17,275,965 | 17,307,470 |
| Accumulated other comprehensive loss, net of tax | (607,614) | (533,559) |
| Accumulated deficit | (168,680) | (829,204) |
| TOTAL STOCKHOLDER'S EQUITY | 16,499,671 | 15,944,707 |
| TOTAL LIABILITIES, MEZZANINE AND STOCKHOLDER'S EQUITY | 164,538,449 | 164,572,121 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | 998,874 | 863,618 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Credit loss expense | 678,978 | 798,810 |
| Deferred tax expense / (benefit) | (820) | (171,482) |
| Depreciation, amortization and accretion | 1,093,630 | 1,292,366 |
| Net gain on sale or disposal of loans, investment securities, and other assets | (40,834) | (78,888) |
| Originations and purchases of LHFS | (3,810,038) | (3,376,731) |
| Proceeds from sales of and collections on LHFS | 3,918,591 | 2,751,581 |
| Net change in: | ||
| Trading securities and trading liabilities, net | (2,801,366) | (5,276,569) |
| Other assets and BOLI | (367,968) | 108,747 |
| Other liabilities | 1,095,646 | 1,148,628 |
| Other operating activities, net | (2,296) | (3,370) |
| NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES | 762,397 | (1,943,290) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from sales of AFS investment securities | 503,234 | 300,354 |
| Proceeds from prepayments and maturities of AFS investment securities | 385,160 | 367,895 |
| Purchases of AFS investment securities | (387,623) | (812,884) |
| Proceeds from prepayments and maturities of HTM investment securities | 1,090,016 | 453,409 |
| Purchases of HTM investment securities | (963,284) | (319,623) |
| Proceeds from sales and maturities of equity method and other investments | 139,236 | 94,102 |
| Purchases of and contributions to equity method and other investments | (389,704) | (292,020) |
| Net change in federal funds sold and securities purchased under resale agreements | (800,470) | 191,077 |
| Proceeds from sales of LHFI | 136,255 | 199,303 |
| Purchases of LHFI | (208,234) | — |
| Net change in loans other than purchases and sales | (1,031,160) | 19,163 |
| Purchases and originations of operating leases | (586,771) | (1,612,134) |
| Proceeds from the sale and termination of operating leases | 1,720,942 | 2,031,689 |
| Purchases and sales of premises, equipment, and real estate owned, net | (68,052) | (72,776) |
| Proceeds from sale of residual interest in VIE | — | 96,449 |
| Other investing activities, net | 85,746 | 9,028 |
| NET CASH (USED IN) / PROVIDED BY INVESTING ACTIVITIES | (374,709) | 653,032 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net change in deposits and other customer accounts | 586,859 | 2,170,684 |
| Net change in short-term borrowings | 406,068 | (1,096,537) |
| Net proceeds from long-term borrowings | 6,490,494 | 15,827,565 |
| Repayments of long-term borrowings | (11,282,033) | (16,508,798) |
| Net change in federal funds purchased and securities loaned or sold under repurchase agreements | 2,674,723 | 4,225,534 |
| Dividends paid on common stock and preferred stock | (338,350) | (88,350) |
| Other financing activities, net | 1,163 | 16,204 |
| NET CASH (USED IN) / PROVIDED BY FINANCING ACTIVITIES | (1,461,076) | 4,546,302 |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (1,073,388) | 3,256,044 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 19,695,903 | 23,576,006 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD (1) | 18,622,515 | 26,832,050 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗