September 25, 2008 DALLAS, TX – September 25, 2008 – Drive Financial Services (d/b/a Drive®) shares in the concern for our customers in Texas and Louisiana who have been impacted by Hurricane Ike. Currently, our service representatives are working with qualified customers on an individual basis to provide disaster relief accommodations in the form of payment deferments and...
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2008
Special Finance Insider – Drive Financial – More Important Than Ever in Today’s Economy
August 1, 2008 DALLAS, TX – August, 2008 -Tom Dundon, CEO of Drive Financial was quoted in December 2006 as having said, “We believe we are poised to become one of the leading companies in our industry.” It was a bold statement at a time when subprime finance companies in the automotive space were a dime a dozen....
Drive Financial Services Expands Presence and Use of Services in Terremark Datacenters
February 7, 2008 [ Terremark Worldwide Inc. · 2008-02-07 ] – Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading provider of managed IT infrastructure services, today announced that Drive Financial Services Inc. (formerly Drive Financial Services® LP) has selected Terremark to provide high availability disaster recovery services to the existing managed infrastructure environment that manages their business continuity plans. Santander’s...
2007
Drive Financial Embraces Managed Applications Services Delivered from netASPx
April 12, 2007 HERNDON, VA, April 12, 2007 – netASPx, the leading Managed Applications Services provider delivering “Software as a Service” (SaaS) to the Financial Services community is delighted to announce that Drive Financial Services Inc. (a.k.a. Drive Financial Services® and Drive®) has selected netASPx as they continue to embrace the outsourcing model for all of their applications....
Moody’s Assigns Definitive Ratings To Santander Drive Auto Receivables Trust 2007-1 Asset Backed Notes
April 4, 2007 [Dow Jones & Company, Inc. · 2007-04-04] – The following is a press release from Moody’s Investors Service: Moody’s Assigns Definitive Ratings To Santander Drive Auto Receivables Trust 2007-1 Asset Backed Notes $1.2 Billion of Asset-Backed Securities Rated. New York, April 04, 2007 — Moody’s Investors Service has assigned ratings to the notes issued by...
2006
Santander Consumer Completes $636 Million Acquisition of Drive
December 7, 2006 DALLAS-Dec. 7, 2006 – Banco Santander Central Hispano SA (STD) completed the previously announced acquisition of Drive® for $636 million in cash. Drive’s business plan and executive management team will remain largely unchanged. Thomas Dundon, President and COO, who retains 10 percent ownership, adds the role of Chief Executive Officer. Drive will continue to originate...
Drive Announces Sale of 90% of Company
September 25, 2006 DALLAS-Sept. 25, 2006 – The Board of Managers of Drive Financial Services®, LP has announced that Banco Santander Central Hispano, S.A. (“Santander”) has entered into a definitive agreement with HBOS plc (“HBOS”) and selected members of Drive management to acquire a 90% ownership stake in the Company. “The sale represents a logical move for HBOS...
2019
Santander Consumer USA Announces $400 Million Share Repurchase Program During Q2 2019
May 24, 2019 Santander Consumer USA Holdings lnc. (NYSE: SC) (“SC”, “Santander Consumer” or the “Company”) today announced that its board of directors authorized, and the Board of Governors of the Federal Reserve System (“Federal Reserve”) did not object to, the repurchase of up to $400 million of the Company’s common stock as part of an amended 2018...
Santander Consumer USA Holdings Inc. Reports First Quarter 2019 Net Income of $248 million
April 30, 2019 Total Auto Originations of $7.0 Billion Increased 10% YoY; Declares $0.20 Per Share Cash Dividend Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the first quarter ended March 31, 2019 (“Q1 2019”) of $248 million, or $0.70 per diluted common share. The Company has declared a cash...
Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2018 Results
January 30, 2019 Santander Holdings USA Terminated 2015 Written Agreement, Company Completed $200 Million Share Repurchase Plan and Declares $0.20 Per Share Cash Dividend Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced net income for the fourth quarter ended December 31, 2018 (“Q4 2018”) of $104 million, or $0.29 per diluted common share. Net income for...
Santander Consumer USA Holdings Inc. Announces 2019 Quarterly Earnings Release Dates
January 7, 2019 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announces its 2019 quarterly earnings release dates. The results webcast will be held on the following dates and times: Q4 2018: Wednesday, January 30, 2019 at 10 a.m. Eastern Time Q1 2019: Tuesday, April 30, 2019 at 9 a.m. Eastern Time Q2 2019: Wednesday, July 24, 2019...
2018
Santander Consumer USA Holdings Inc. Reports Third Quarter 2018 Net Income of $232 million
October 31, 2018 Total Auto Originations of $7.6 Billion Increased 52% YoY; Santander Holdings USA Terminated 2015 Written Agreement, Company Executes On Previously Announced Share Repurchase Plan and Declares $0.20 Per Share Cash Dividend Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced net income for the third quarter ended September 30, 2018 (“Q3 2018”) of $232...
Santander Consumer USA Holdings Inc. Reports Second Quarter 2018 Net Income of $335 million
July 25, 2018 Total Auto Originations of $7.9 Billion Increased 45% YoY; Company Declares $0.20 Per Share Cash Dividend and Announces Inaugural $200 Million Share Repurchase Program; Begins Originations Program With Santander Bank Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced net income for the second quarter ended June 30, 2018 (“Q2 2018″) of $335 million,...
Santander Consumer USA Holdings Inc. Announces Planned Capital Actions
June 28, 2018 Today, Santander Holdings USA, Inc. (“SHUSA”), the parent company of Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or “the Company”), announced that the Board of Governors of the Federal Reserve System (“Federal Reserve”) did not object to the planned capital actions described in SHUSA’s 2018 Capital Plan. The SC portion of the SHUSA capital...
Santander Consumer USA Holdings Inc. Reports First Quarter 2018 Net Income of $242 million
April 24, 2018 Total Auto Originations of $6.3 Billion Increased 18% YoY, with Increased Volume Across All Origination Channels Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced net income for the first quarter ended March 31, 2018 (“Q1 2018″) of $242 million , or $0.67 per diluted common share. The Company has declared a cash dividend...
2017
Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2016 Results
January 25, 2017 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced net income for the fourth quarter 2016 of $61 million , or $0.17 cents per diluted common share. Full year 2016 net income was $766 million, or $2.13 cents per diluted common share. Fourth Quarter 2016 Key Highlights (variances compared to fourth quarter 2015): Total...
Santander Consumer USA Holdings Inc. Announces 2017 Quarterly Earnings Release Dates
January 3, 2017 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announces its 2017 quarterly earnings release dates. The results webcast will be held on the following dates at 9 a.m. Eastern Time: Q4 2016: Wednesday, January 25, 2017 Q1 2017: Wednesday, April 26, 2017 Q2 2017: Thursday, July 27, 2017 Q3 2017: Thursday, October 26, 2017 Conference...