Santander Consumer USA Holdings Inc. Reports First Quarter 2020 Results
Santander Consumer USA Holdings Inc. (SC)
Last santander consumer usa holdings inc. earnings: 4/28 06:15 am
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US:NYSE Investor Relations:
investors.santanderconsumerusa.com/investor-home
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Source: PR Newswire
DALLAS, April 28, 2020 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") today announced net income for the first quarter ended March 31, 2020 ("Q1 2020") of $(4) million, or $(0.01) per diluted common share. The quarter included $442 million of incremental allowance for credit loss primarily driven by macroeconomic factors and COVID-19, approximately $0.81 per diluted common share.The Company has declared a cash dividend of $0.22 per share, to be paid on May 18, 2020, to shareholders of record as of the close of business on May 8, 2020.Management Quotes:"During this unprecedented time, we at Santander Consumer implemented a series of important actions to assist our employees, customers and communities. More than ninety-five percent of our employees now have the ability and are working from home, we launched a firm wide emergency paid leave program and provided supplemental pay to front-line customer support employees. For our customers, we have e
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