Company data sheet · Santander Holdings USA
Santander Holdings USA: left behind by its peers.
- Industry
- National Commercial Banks
- Ticker
- SNUS-PH (NYSE)
- Sources
- SEC filings (1995–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Left behind by its peers. From 2016 to 2025, its revenue grew 1% in US dollars; the median among 94 large financial companies grew 82%. It outgrew only 10% of them.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0 billion | $0.4 billion | |
| 2017 | $0 billion | $0.6 billion | |
| 2018 | $0 billion | $0.7 billion | |
| 2019 | $0 billion | $0.8 billion | |
| 2020 | $0 billion | −$0.8 billion | |
| 2021 | $0 billion | $3 billion |
As reported in its annual filings. Losses in red.
Has Santander Holdings USA had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 11,800 | December 31, 2023 |
| 10-K for 2024 | approximately 10,700 | December 31, 2024 |
| 10-K for 2025 | approximately 10,300 | December 31, 2025 |
Job cuts, severance and restructuring
The company reported one-time restructuring charges that drove higher general, administrative and other expenses.
“General, administrative and other expenses increased $46.6 million for the year ended December 31, 2024 compared to the corresponding period of 2023.” 10-K for 2024
General, administrative and other expenses rose in 2025 compared with 2024, mainly because of strategic investment and restructuring charges.
“General, administrative and other expenses increased $28.0 million for the year ended December 31, 2025 compared to the corresponding period of 2024.” 10-K for 2025
Santander Holdings USA has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has Santander Holdings USA acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
SC Common Stock (remaining 19.8% NCI in SC)“The transaction was completed on January 31, 2022, at which time SHUSA acquired the remaining 19.8% NCI in SC for approximately $2.5 billion and SC became a wholly-owned subsidiary of SHUSA.” 10-K for 2023 | acquisition | The transaction was completed on January 31, 2022 | approximately $2.5 billion |
PCH, parent company of APS“On April 11, 2022, SHUSA acquired 100% ownership of PCH, parent company of APS, an institutional fixed-income broker dealer and a designated primary dealer by the FRB of New York, for approximately $448 million.” 10-K for 2023 | acquisition | On April 11, 2022 | approximately $448 million |
SIS into APS (renamed SanCap)“In February 2023, the Company completed the merger of SIS into APS, with the resulting company renamed SanCap.” 10-K for 2023 | merger | In February 2023 | — |
20 percent interest in the Structured LLC (FDIC-established portfolio)“In December 2023 SBNA acquired a 20 percent interest in a structured limited liability company (the "Structured LLC") for approximately $ 1.1 billion.” 10-K for 2023 | agreed acquisition | In December 2023 | approximately $ 1.1 billion |
SC Common Stock (remaining 19.8% noncontrolling interest in SC)“The transaction was completed on January 31, 2022, at which time SHUSA acquired the remaining 19.8% NCI in SC for approximately $2.5 billion and SC became a wholly-owned subsidiary of SHUSA.” 10-K for 2024 | acquisition | January 31, 2022 | approximately $2.5 billion |
20 percent interest in the Structured LLC“In December 2023, SBNA acquired a 20 percent interest in the Structured LLC for approximately $ 1.1 billion.” 10-K for 2024 | acquisition | December 2023 | — |
Services and Promotions Delaware Corp.“In May 2024, the Company sold its wholly-owned subsidiary Services and Promotions Delaware Corp. to an affiliate of Santander.” 10-K for 2024 | divestiture | May 2024 | — |
seven branches located in the Allentown, Pennsylvania area“On June 24, 2025, SBNA entered into an agreement with Community Bank, N.A., a subsidiary of Community Financial System, Inc., for the sale of seven branches located in the Allentown, Pennsylvania area.” 10-K for 2025 | agreed divestiture | On June 24, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | — | $0 |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $0 | — |
| 2022-12-31 | $391.9 million | $171.6 million |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $0 | — |
Deal filings since 2016
- 2026-08-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-08-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-01-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-08-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Layoffs, acquisitions, competitors and subsidiaries are read from Santander Holdings USA’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-03-02.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 9 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (0 with market data).
- Peer comparison: against 130 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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