- Q4 net finance and other interest income of $1.3B up 17% Y/Y.
- Total originations of $6.2B up 47%. Chrysler Capital retail loans of $2.9B; Chrysler Capital leases of $1B.
- Q4 provisions of $800M up from $744M in Q3.
- Serviced for others portfolio of $15B up 47%.
- Average managed assets of $52.5B up 23%.
- Q4 earnings of $68M or $0.19 per share fell from $224M or $0.62 in Q3 and $247M and $0.69 a year ago. This quarter's results was impacted by lower cost of market (LOCM) adjustments on the held for sale personal lending portfolio. Deputy CFO Jennifer Davis says to expect smaller LOCM adjustments going forward.
- Previously: Santander Consumer EPS of $0.19 (Jan. 27)
- Conference call at 9 ET
- SC flat premarket
More on Santander Consumer's Q4
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Symbol | Last Price | % Chg |
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SC | - | - |
Santander Consumer USA Holdings Inc. |