Santander Consumer USA Holdings Inc. (SC) announced Thursday that its second quarter net income attributable to shareholders was $246.5 million or $0.69 per share, 35 percent higher than last year's $181.92 million or $0.53 per share.
On average, 15 analysts polled by Thomson Reuters expected earnings of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Net finance and other interest income increased 32 percent to $1.1 billion from $818 million in 2013, driven by a 45 percent growth in the average portfolio.
Total finance and other interest income was $1.38 billion, compared to $912.56 million a year ago.
The provision for loan losses increased to $589 million from $408 million in the second quarter 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.