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Santander Consumer USA Holdings Inc. (NYSE: SC) will release its second quarter 2021 financial results on July 28, 2021, at 9:00 a.m. Eastern Time. A conference call and webcast will follow, focusing on the earnings report and other topics. Interested participants can join by calling 1-866-548-4713 (U.S.) or 1-323-794-2093 (international) with conference ID 1398753. A replay will be available two hours post-call. SC provides consumer finance services, managing an asset portfolio valued at approximately $64 billion.
Santander Consumer USA Holdings Inc. (NYSE: SC) received a non-binding acquisition proposal from its majority shareholder, Santander Holdings USA, Inc. (SHUSA), to buy the outstanding common shares not owned by SHUSA for $39.00 per share. This offer represents a 7.4% premium to the closing price of $36.32 and a 30.4% premium to SC's average share price since January 1, 2021. An independent special committee has been formed to evaluate the proposal, with J.P. Morgan Securities LLC and Wachtell, Lipton, Rosen & Katz advising SHUSA.
Santander Consumer USA Holdings Inc. (NYSE: SC) has declared a quarterly cash dividend of $0.22 per share for shareholders on record by May 10, 2021. The dividend will be payable on May 20, 2021. The company, based in Dallas, focuses on vehicle finance and serves over 3.1 million customers with an average managed asset portfolio of approximately $64 billion as of March 31, 2021. This dividend reflects the company's commitment to returning value to its shareholders.
Santander Consumer USA Holdings reported a strong first quarter for 2021, with net income of $742 million or $2.42 per diluted share. The company achieved $8.6 billion in loan and lease originations, a 24% increase year-over-year. Key credit indicators improved, with the delinquency ratios decreasing significantly. The firm is considering declaring a dividend in Q2 2021 following an exception from the Federal Reserve. These results reflect effective risk management, robust market share, and a strategic focus on balance sheet optimization amid economic recovery.
Santander Consumer USA Holdings Inc. (NYSE: SC) will release its first quarter 2021 financial results on April 28, 2021, at 9:00 a.m. Eastern Time. A conference call will follow the release, accessible via phone and live webcast, to discuss results and general matters. This event reflects SC's ongoing communication with investors, having a managed asset portfolio of approximately $64 billion as of December 2020, serving over 3.1 million customers in the vehicle finance sector.
Santander Consumer USA Holdings announced a total cash dividend of $0.44 per share, comprising a quarterly cash dividend of $0.22 and a special dividend of $0.22. This dividend is payable to shareholders of record as of March 29, 2021, with a payment date set for March 31, 2021.
The company focuses on vehicle finance and serves over 3.1 million customers, managing approximately $64 billion in assets as of December 31, 2020.
Santander Consumer USA Holdings Inc. (NYSE: SC) has appointed Bruce Jackson as Head of Santander Auto Finance, effective April 28, 2021. Jackson will join the leadership team and will oversee the auto originations channel, enhancing dealer relations and digital growth. He brings extensive experience from JPMorgan Chase, where he managed auto lending and led a team of over 1,100. SC aims to optimize auto originations, leveraging Jackson's expertise to accelerate growth.
Santander Holdings USA and Santander Consumer USA Holdings (NYSE: SC) announced that the Federal Reserve has terminated its 2017 Written Agreement, indicating improvements in risk management and compliance. Since 2015, both entities have focused on enhancing board oversight and risk strategies. This termination reflects the Federal Reserve's acknowledgment of the progress made by Santander. SC operates with an average managed asset portfolio of approximately $64 billion, serving over 3.1 million customers. Leaders express optimism about the future and the company’s commitment to high operational standards.
Santander Consumer USA Holdings reported a net income of $521 million, or $1.70 per diluted share, for Q4 2020, with full-year earnings of $911 million, down 8% from 2019. The company is prohibited from paying dividends in Q1 2021 due to Federal Reserve restrictions but seeks exceptions. Key metrics include $31 billion in loan originations and a CET1 Ratio of 14.6%. The company provided relief to nearly 700,000 customers during the pandemic and strengthened its balance sheet with a $6.1 billion loan loss reserve.
Santander Consumer USA Holdings (NYSE: SC) has partnered with Operation HOPE to provide the HOPE Inside financial wellness program for its employees. This initiative aims to enhance financial literacy through workshops and personal coaching, empowering employees to make informed financial decisions. The program supports Santander's commitment to diversity, equity, and inclusion, enabling employees to build wealth and improve customer interactions. Operation HOPE has positively impacted over 2.8 million individuals by directing more than $2.7 billion into underserved communities.
