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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 1.00%, up 3 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 1.84% of loans (-22 bps YoY), with net charge-offs at 0.53%.
  • 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 (YTD, annualized)

1.00%+3 bps YoY

Net Interest Margin (YTD, annualized)

2.82%+59 bps YoY

Efficiency Ratio (YTD, annualized)

50.18%-1,389 bps YoY

Tier 1 Leverage Ratio

12.48%+46 bps YoY

NIM

4.53%Q2 ’244.46%Q2 ’254.70%Q2 ’26+11%+27%

Non-interest income vs. expense

2.74%Q2 ’242.75%Q2 ’252.68%Q2 ’26-40%-75%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.62%0.53%0.97%1.14%1.36%1.00%1.00%+3 bps
Return on Equity5.62%5.16%4.28%7.78%8.91%10.46%7.57%7.54%-24 bps
Net Interest Margin2.00%1.95%2.13%2.22%2.43%2.50%2.59%2.82%+59 bps
Efficiency Ratio79.02%79.32%72.53%64.07%61.44%59.71%54.01%50.18%-1,389 bps
Non-Interest Burden1.27%1.24%1.10%0.68%0.61%0.48%0.21%0.17%-51 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 / Loans0.95%0.93%0.90%0.81%0.81%0.75%0.64%0.53%-29 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