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...
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2006
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 Holdings Inc. Announces $1.1 Billion Portfolio Acquisition from Gateway One Lending & Finance
December 18, 2019 Includes the acquisition of $1.1 billion and an additional sub-servicing conversion of $0.5 billion of auto loan assets The transaction demonstrates SC is a servicer of choice for auto assets having acquired or converted more than $2.6 billion in auto assets across two transactions since 2018 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or...
Santander Consumer USA Holdings Inc. Announces 2020 Quarterly Earnings Release Dates
November 27, 2019 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) provides schedule for 2020 Quarterly Earnings Release Dates. SC will host conference calls to review quarterly financial results on the following dates: Q4 2019: Wednesday, January 29, 2020 at 9 a.m. Eastern Time; Q1 2020: Wednesday, May 6, 2020 at 9 a.m. Eastern Time; Q2 2020: Wednesday, July...
Santander Consumer USA Holdings Inc. Reports Third Quarter 2019 Results
October 30, 2019 Net Income of $233 million, Driven by Strong Originations of $8.4 billion, Up 11% Versus Q3’18 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the third quarter ended September 30, 2019 (“Q3 2019”) of $233 million, or $0.67 per diluted common share. The Company has declared a...
Santander Consumer USA Holdings Inc. Reports Second Quarter 2019 Results and Key Leadership Appointments
July 24, 2019 Net Income of $368 million and Total Auto Originations of $8.4 billion SC Appoints Fahmi Karam as CFO and Shawn Allgood as Head of Chrysler Capital and Auto Relationships Juan Carlos Alvarez Appointed CFO of Santander US Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced the Boards of Directors of...
Santander Consumer Amends Agreement with FCA US
July 1, 2019 Amendment Solidifies the Chrysler Capital Relationship and Positions SC to Build on Recent Success Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or “the Company”), which does business as Chrysler Capital, today announced it has reached an agreement with FCA US LLC (“FCA”) to amend the Master Private Label Financing Agreement (the “Chrysler Agreement”). Under...
Santander Consumer USA Holdings Inc. Announces Planned Capital Actions
June 28, 2019 Today, Santander Consumer USA Holdings lnc. (NYSE: SC) (the “Company”) announced its planned capital actions for the third quarter of 2019 through the second quarter of 2020, which are included in the 2019 Capital Plan (the “Capital Plan”) of Santander Holdings USA, Inc. (“SHUSA”), the majority stockholder of the Company. The Company’s planned capital actions...
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...