Santander Consumer USA Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Net Charge Offs for the Quarter Ended December 31, 2015
For the nine months, the company reported interest on finance receivables and loans of $5,205,261,000 against $4,631,847,000 a year ago. Total finance and other interest income was $6,736,824,000 against $5,569,660,000 a year ago. Net finance and other interest income was $4,921,050,000 against $4,306,221,000 a year ago. Net finance and other interest income after provision for credit losses was $2,032,216,000 against $1,689,278,000 a year ago. Net finance and other interest income after provision for credit losses and profit sharing was $1,974,732,000 against $1,614,353,000 a year ago. Income before income taxes was $1,339,351,000 against $1,209,988,000 a year ago. Net income attributable to company shareholders was $866,357,000 against $766,349,000 a year ago. Diluted net income per common share was $2.41 against $2.15 a year ago. Return on average assets was 2.5% against 2.6% a year ago. Return on average equity was 21.1% against 24.7% a year ago. Adjusted return on average assets was 2.5% against 2.8% a year ago.
For the quarter, the company reported net charge offs of $658,432,000 against $492,434,000 a year ago.