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Free Research Report as Santander Consumer's Q1 Bottom-Line Grew to Outpace Estimates

Stock Monitor: Arlington Asset Investment Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 9, 2018 / If you want access to our free earnings report on Santander Consumer USA Holdings Inc. (NYSE: SC) ("Santander Consumer"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SC. The Company posted its financial results on April 24, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). Santander Consumer's net income per diluted share increased on a y-o-y basis, which beat market consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:


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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Santander Consumer USA Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

During Q1 FY18, Santander Consumer's total finance and other interest income came in relatively flat at $1.63 billion compared to Q1 FY17. The Company's total finance and other interest income numbers for the reported quarter beat market consensus estimates of $1.61 billion.

The Company's interest on finance receivables and loans fell to $1.11 billion in Q1 FY18 from $1.21 billion in the prior year's same quarter, primarily due to a decline of 4.9% in the average outstanding balance of the portfolio. Meanwhile, the Company's leased vehicle income increased to $504.28 million in Q1 FY18 compared to $418.23 million in Q1 FY17. The Company's other finance and interest income also improved to $7.14 million in Q1 FY18 from $3.83 million in Q1 FY17.

The Dallas, Texas-based Company reported a net income of $242.30 million, or $0.67 per diluted share, in Q1 FY18 compared to $143.43 million, or $0.40 per diluted share, in Q1 FY17. Furthermore, the Company's net income for the reported quarter topped Wall Street's expectations of $0.40 per diluted share.

Earnings Metrics

During the reported quarter, the consumer finance Company's return on average assets came in at 2.4% versus 1.5% in Q1 FY17. The return on average equity was 14.7% in Q1 FY18 versus 10.8% in the year-ago comparable period. Additionally, the Company's net interest margin was 10.3% in the reported quarter compared to 11.2% in Q1 FY17.

As of March 31, 2018, the Company's common equity Tier 1 capital ratio was 16.9% compared to 13.8% as on March 31, 2017. The Company's yield on earning assets was 12.7% in Q1 FY18 compared to 13.5% in the year-ago corresponding quarter. Furthermore, the Company's cost of debt was 3.1% in Q1 FY18 compared to 2.9% in Q1 FY17.

Dividend and Share Repurchase

In its earnings press release, Santander Consumer's Board of Directors declared a quarterly cash dividend of $0.05 per share. The dividend is payable on May 14, 2018, to shareholders of record as on May 04, 2018.

Stock Performance Snapshot

May 8, 2018 - At Tuesday's closing bell, Santander Consumer USA's stock advanced 2.02%, ending the trading session at $19.16.

Volume traded for the day: 1.51 million shares.

Stock performance in the last month – up 21.34%; previous three-month period – up 15.14%; past twelve-month period – up 52.43%; and year-to-date – up 2.90%

After yesterday's close, Santander Consumer USA's market cap was at $6.98 billion.

Price to Earnings (P/E) ratio was at 10.89.

The stock has a dividend yield of 1.04%.

The stock is part of the Financial sector, categorized under the Mortgage Investment industry. This sector was up 0.2% at the end of the session.


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