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Santander Bank, National Association

Wilmington, DE · Cert 29950 · Banco Santander Sa

National charter · OCC · 368 branches

Q2 2026

$104.0BAssets
$59.1BLoans
$79.1BDeposits
$13.8BEquity
Loan mix
51%RE $24.3B15%C&I $7.2B34%Consumer $16.4BQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $63.1B20%Noninterest $16.0BQ3 2024Q2 2026

Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 5.7% share · #4 of 100 inst. · $33.2B of $580.3B

26.1% Norfolk
3.3% Suffolk
25.9% Berks
5.3% Philadelphia

Executive Summary

  • Earnings: ROA of 0.99%, down 42 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 1.84% of loans (-22 bps YoY), with net charge-offs at 0.44%.
  • Capital: tier 1 leverage ratio of 12.48%, up 46 bps from a year ago.
  • Funding: loans stand at 74.81% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.99%-42 bps YoY

Net Interest Margin (quarter, annualized)

3.08%+75 bps YoY

Efficiency Ratio (quarter, annualized)

46.63%-1,092 bps YoY

Tier 1 Leverage Ratio

12.48%+46 bps YoY

NIM

4.55%Q2 ’244.52%Q2 ’254.96%Q2 ’26+17%+32%

Non-interest income vs. expense

2.81%Q2 ’242.79%Q2 ’252.58%Q2 ’26-73%-51%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.46%0.47%0.53%1.41%1.48%2.05%1.00%0.99%-42 bps
Return on Equity3.77%3.84%4.28%11.22%11.10%14.86%7.57%7.58%-364 bps
Net Interest Margin1.98%2.00%2.13%2.33%2.63%3.16%2.59%3.08%+75 bps
Efficiency Ratio85.86%80.17%72.53%57.55%56.89%56.31%54.01%46.63%-1,092 bps
Non-Interest Burden1.52%1.30%1.10%0.27%0.40%0.22%0.21%0.13%-14 bps
Growth
Asset Growth (YoY)3.21%2.20%2.32%2.77%-3.92%1.41%1.47%0.59%-218 bps
Loan Growth (YoY)-9.15%-9.71%-8.01%-9.49%-6.50%5.70%11.13%18.67%+2,816 bps
Deposit Growth (YoY)2.48%3.06%5.72%5.53%-2.91%-0.72%-0.82%-0.59%-612 bps
Asset Quality
Nonperforming Loans / Loans1.69%1.81%2.09%2.05%1.96%1.75%1.84%1.84%-22 bps
Net Charge-Offs / Loans0.71%0.75%0.90%0.71%0.81%0.77%0.64%0.44%-27 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.96%11.54%11.71%12.02%12.95%12.61%12.33%12.48%+46 bps
Total Risk-Based Capital18.17%18.93%19.14%20.02%20.76%22.00%20.99%21.53%+151 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits69.40%66.79%63.20%62.67%66.83%71.11%70.81%74.81%+1,214 bps
Liquid Assets / Assets8.87%9.13%8.88%10.08%11.55%12.21%12.07%12.01%+193 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a