Santander Consumer USA Announces $400 Million Share Repurchase Program During Q2 2019
Santander Consumer USA Holdings Inc. (SC)
Last santander consumer usa holdings inc. earnings: 4/28 06:15 am
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investors.santanderconsumerusa.com/investor-home
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Source: PR Newswire
DALLAS, May 24, 2019 /PRNewswire/ -- 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 capital plan of its majority stockholder, Santander Holdings USA, Inc. ("SHUSA"). SC may repurchase shares under this program through the end of the second quarter of 2019. This program, which has been authorized by the Company's and SHUSA's boards of directors, is in addition to the Company's previously announced $200 million inaugural share repurchase program, which was completed in January 2019. The timing and amount of any stock repurchases and any other capital actions will depend on a variety of factors, including the market price of the Company's shares, the business plans and financial performance of the
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