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Share this article Share this article DALLAS, Feb. 3, 2021 /PRNewswire/  Santander Consumer USA Holdings Inc. (NYSE: SC) ( SC or the Company ) today announced net income for the fourth quarter ended December 31, 2020 ( Q4 2020 ) of $521 million, or $1.70 per diluted common share. Net income for the full year 2020 ( 2020 ) was $911 million, or $2.87 per diluted common share. As a result of the Federal Reserve Board s extended interim policy (the Interim Policy ), SC is prohibited from paying a dividend in the first quarter of 2021. Although SC s standalone income is sufficient, SC consolidates into SHUSA s capital plan and, therefore, the calculation of the restrictions uses SHUSA s average trailing four quarters of income, which is insufficient to permit dividends under the Interim Policy. SHUSA has requested certain exceptions to the Interim Policy, however, the timing and outcome of the request is uncertain.

United statesFahmi karamLaurie kightMahesh adityaFederal reserve bankSantander consumer united states holdings incEuropean central bankFederal reserveExchange commissionConsumer financial protection bureauMsc foundationSantander bankOffice of diversityOffice of the comptrollerBanco santanderSantander consumer united states holdings