Santander Reports More Originations, Fewer Delinquencies Featured

By Staff Writer April 30, 2019 615

Santander Consumer USA Holdings Inc. announced net income for the first quarter of $248 million.

Core retail auto loan originations rose 14 percent to $2.6 billion.

Chrysler Capital loan originations rose 23 percent to $2.4 billion. Chrysler Capital lease originations decline 6 percent to $2 billion.

Net finance and other interest income rose 5 percent to $1.1 billion.

The 30-59 delinquency ratio declined to 8.4 percent. The 59-plus delinquency ratio declined to 4.2 percent.

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Last modified on Tuesday, 30 April 2019 23:45