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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