Santander Consumer USA (SC) Posts Flat Q1 EPS

(Updated with adjusted EPS figure)

Santander Consumer USA (NYSE: SC) reported Q1 EPS of $0.56, versus the analyst estimate of $0.56.

• Net finance and other interest income of $1.3 billion, up 11%
• Total auto originations of $6.8 billion
  • Chrysler Capital lease originations of $1.6 billion, up 5%
  • Chrysler Capital retail originations of $2.5 billion, up 1%
  • Core retail auto originations of $2.6 billion, down 15%
• Total asset sales of $1.7 billion
  • Including $869 million of personal installment loans
• Serviced for others portfolio of $14.2 billion, up 27%
• Average managed assets of $53.2 billion, up 19%
• Common equity tier 1 (CET1) ratio of 12.0%, up 190 basis points

For earnings history and earnings-related data on Santander Consumer USA (SC) click here.

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