|        |
|--------|
|        |
|   |

|        |
|--------|
|        |  |  |
| þ |   | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|   |
|---|
|   |  |  |
| o |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|        |
|--------|
|        |
|   |

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |
| Virginia(State or other jurisdiction ofincorporation or organization)          |   | 23-2453088(I.R.S. EmployerIdentification No.) |
|                                                                           |   |   |
| 75 State Street, Boston, Massachusetts(Address of principal executive offices) |   | 02109(Zip Code) |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |
| Large accelerated filer o |   | Accelerated filer o |   | Non-accelerated filer þ |   | Smaller reporting company o |

|                             |
|-----------------------------|
|                             |  |  |
| Class                       |   | Outstanding at July 31, 2015 |
| Common Stock (no par value) |   | 530,391,043 shares |

----

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | Part I - Item 1: Condensed Consolidated Financial Information |

|         |                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------|
| • | Part I - Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|         |                                          |
|---------|------------------------------------------|
| • | Part I - Item 4: Controls and Procedures |

|         |                            |
|---------|----------------------------|
| • | Part II - Item 6: Exhibits |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the effects of regulation and policies of the Board of Governors of the Federal Reserve System (the “Federal Reserve”), the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency (the “OCC”) and the Consumer Financial Protection Bureau (the “CFPB”), including changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve, the failure to adhere to which could subject SHUSA to formal or informal regulatory compliance and enforcement actions; |

|         |                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the stability of global financial markets or a weakened global economy could negatively affect U.S.-based financial institutions or corporations, counterparties with which SHUSA or its affiliates do business; |

|         |                                                                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | inflation, interest rate, market and monetary fluctuations, which may, among other things, reduce net interest margins, impact funding sources and affect our ability to originate and distribute financial products in the primary and secondary markets; |

|         |                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | adverse movements and volatility in debt and equity capital markets and adverse changes in the securities markets, including those related to the financial condition of significant issuers in SHUSA’s investment portfolio; |

|         |                                                                                                                                                                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | SHUSA’s ability to manage changes in the value and quality of its assets, changing market conditions that may force management to alter the implementation or continuation of cost savings or revenue enhancement strategies and the possibility that revenue enhancement initiatives may not be successful in the marketplace or may result in unintended costs; |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | SHUSA’s ability to timely develop competitive new products and services in a changing environment and the acceptance of such products and services by customers; |

|         |                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the ability of SHUSA and its third-party vendors to convert and maintain SHUSA’s data processing and related systems on a timely and acceptable basis and within projected cost estimates; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact of changes in financial services policies, laws and regulations, including laws, regulations and policies concerning taxes, banking, capital, liquidity, proper accounting treatment, securities and insurance, the applications and interpretations thereof by regulatory bodies and the impact of changes in and interpretations of generally accepted accounting principles in the United States of America ("GAAP"); |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "DFA"), enacted in July 2010, which is a significant development for the industry, and the full impact of which will not be known until the rule-making processes mandated by the legislation are complete, although the impact has involved and will involve higher compliance costs which have affected and will affect SHUSA’s revenue and earnings negatively; |

|         |                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | competitors of SHUSA that may have greater financial resources or may develop products and technology that enable those competitors to compete more successfully than SHUSA; |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | acts of terrorism or domestic or foreign military conflicts; and acts of God, including natural disasters; |

|         |                                                              |
|---------|--------------------------------------------------------------|
| • | the costs and effects of regulatory or judicial proceedings; |

|         |                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the outcome of ongoing tax audits by federal, state and local income tax authorities that may require SHUSA to pay additional taxes compared to what has been accrued or paid as of period-end; |

|         |                                                                        |
|---------|------------------------------------------------------------------------|
| • | SHUSA’s success in managing the risks involved in the foregoing. |

----

|                                                                                                                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                     |  |  |
| 2015 Amendment: OCC consent order signed by Santander Bank, N.A. on June 16, 2015 which amended prior orders signed by Santander Bank, N.A. and the Office of the Comptroller of the Currency on April 13, 2011 and January 7, 2013 |   | GAAP: Accounting principles generally accepted in the United States of America |
| ABS: Asset-backed securities                                                                                                                                                                                                        |   | GBM: Global Banking & Markets and Large Corporate Banking |
| ACL: Allowance for credit losses                                                                                                                                                                                                    |   | GSE: Government-sponsored entities |
| Alt-A: Loans originated through brokers outside the Bank's geographic footprint, often lacking full documentation                                                                                                                   |   | IHC: U.S. intermediate holding company |
| ASC: Accounting Standards Codification                                                                                                                                                                                              |   | IPO: Initial public offering |
| ASU: Accounting Standards Update                                                                                                                                                                                                    |   | IRS: Internal Revenue Service |
| Bank: Santander Bank, National Association                                                                                                                                                                                          |   | ISDA: International Swaps and Derivatives Association, Inc. |
| BHC: Bank holding company                                                                                                                                                                                                           |   | Legacy Covered Funds: Investments in and relationships with covered funds that were in place prior to December 31, 2013. |
| BOLI: Bank-owned life insurance                                                                                                                                                                                                     |   | LCR: Liquidity coverage ratio |
| Brokers: Independent parties                                                                                                                                                                                                        |   | LHFS: Loans held-for-sale |
| CBP: Citizens Bank of Pennsylvania                                                                                                                                                                                                  |   | LIBOR: London Interbank Offered Rate |
| CCAR: Comprehensive Capital Analysis and Review                                                                                                                                                                                     |   | LTV: Loan-to-value |
| CD: Certificate(s) of deposit                                                                                                                                                                                                       |   | MBS: Mortgage-backed securities |
| CEVF: Commercial equipment vehicle funding                                                                                                                                                                                          |   | MD&A: Management's Discussion and Analysis of Financial Condition and Results of Operations |
| CET1: Common equity tier 1                                                                                                                                                                                                          |   | MSR: Mortgage servicing right |
| CFPB: Consumer Financial Protection Bureau                                                                                                                                                                                          |   | MVE: Market value of equity |
| Change in Control: First quarter 2014 change in control and consolidation of SCUSA                                                                                                                                                  |   | NCI: Non-controlling interest |
| Chrysler Agreement: Ten-year private label financing agreement with the Chrysler Group signed by SCUSA                                                                                                                              |   | NPL: Non-performing loans |
| Chrysler Capital: trade name used in providing services under the Chrysler Agreement.                                                                                                                                               |   | NSFR: Net stable funding ratio |
| Chrysler Group: Chrysler Group LLC (FCA US LLC as of December 14, 2014)                                                                                                                                                             |   | OCC: Office of the Comptroller of the Currency |
| CID: Civil investigative demand                                                                                                                                                                                                     |   | OEM: Original equipment manufacturer |
| CLO: Collateralized loan obligations                                                                                                                                                                                                |   | OIS: Overnight indexed swap |
| CLTV: Combined loan-to-value                                                                                                                                                                                                        |   | Order: OCC consent order signed by SBNA on January 26, 2012 which replaced a prior order signed by the Bank and other parties with the OTS. |
| CODM: Chief Operating Decision Maker                                                                                                                                                                                                |   | Original Filing: Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, as originally filed with the SEC on August 12, 2015. |
| Company: Santander Holdings USA, Inc.                                                                                                                                                                                               |   | OREO: Other real estate owned |
| Consent Order: Consent order signed by the Bank with the OCC on April 17, 2015 that resolved issues related to the sale and servicing of the identify theft protection product.                                                     |   | OTS: Office of Thrift Supervision |
| CPR: Changes in anticipated loan prepayment rates                                                                                                                                                                                   |   | OTS Order: Consent order signed by the Bank and other parties with the OTS on April 13, 2011 resolving certain of the Bank's and other parties' foreclosure activities. |
| DCF: Discounted cash flow                                                                                                                                                                                                           |   | OTTI: Other-than-temporary impairment |
| DDFS: Dundon DFS LLC                                                                                                                                                                                                                |   | REIT: Real estate investment trust |
| DFA: Dodd-Frank Wall Street Reform and Consumer Protection Act                                                                                                                                                                      |   | RIC: retail installment contract |
| DOJ: Department of Justice                                                                                                                                                                                                          |   | RV: Recreational vehicle |
| DOJ Order: Consent order signed by SCUSA with the DOJ on February 25, 2015 that resolved claims related to certain of SCUSA's repossession and collection activities.                                                               |   | S&P: Standard & Poor's |
| DTI: Debt-to-income                                                                                                                                                                                                                 |   | Santander: Banco Santander, S.A. |
| ECOA: Equal Credit Opportunity Act                                                                                                                                                                                                  |   | Santander NY: New York branch of Banco Santander, S.A. |

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |
| EPS: Enhanced Prudential Standards                                                  |   | Santander UK: Santander UK plc |
| Exchange Act: Securities Exchange Act of 1934, as amended                           |   | SBNA: Santander Bank, N.A. |
| FASB: Financial Accounting Standards Board                                          |   | SCF: Statement of Cash Flows |
| FBO: Foreign banking organization                                                   |   | SCUSA: Santander Consumer USA Holdings Inc. and its subsidiaries |
| FDIC: Federal Deposit Insurance Corporation                                         |   | SCUSA Common Stock: Common shares of SCUSA |
| Federal Reserve: Board of Governors of the Federal Reserve System                   |   | SDART: Santander Drive Auto Receivables Trust, a SCUSA securitization platform |
| FHLB: Federal Home Loan Bank                                                        |   | SEC: Securities and Exchange Commission |
| FHLMC: Federal Home Loan Mortgage Corporation                                       |   | Securities Act: Securities Act of 1933, as amended |
| FICO: Fair Isaac Corporation® credit scoring model                        |   | Separation Agreement: Agreement entered into by Thomas Dundon, the former Chief Executive Officer of SCUSA, SCUSA, DDFS, Santander Consumer USA Inc. and Banco Santander, S.A. on July 2, 2015. |
| Final Rule: Rule implementing certain of the EPS mandated by Section 165 of the DFA |   | SHUSA: Santander Holdings USA, Inc. |
| FNMA: Federal National Mortgage Association                                         |   | SPE: Special purpose entity |
| FOMC: Federal Open Market Committee                                                 |   | Sponsor Holdings: Sponsor Auto Finance Holding Series LP |
| FRB: Federal Reserve Bank                                                           |   | TDR: Troubled debt restructuring |
| FVO: Fair value option                                                              |   | Trusts: Securitization trusts |
|                                                                                |   | UPB: Unpaid principal balance |
|                                                                                |   | VIE: Variable interest entity |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |
|                                                                                |   |   |

----

|                                                                                                                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                     |  |
|                                                                                                                                                | Page |
|                                                                                                                                                |   |
| PART I. FINANCIAL INFORMATION                                                                                                                       |   |
|                                                                                                                                                |   |
| Item 1. Condensed Consolidated Financial Statements (As Restated)                                                                         |   |
|                                                                                                                                                |   |
| Condensed Consolidated Balance Sheets at June 30, 2015 and December 31, 2014 (As Restated)                                                | 5 |
| Condensed Consolidated Statements of Operations for the three-month and six-month periods ended June 30, 2015 and 2014 (As Restated)           | 6 |
| Condensed Consolidated Statements of Comprehensive Income for the three-month and six-month periods ended June 30, 2015 and 2014 (As Restated) | 7 |
| Condensed Consolidated Statements of Stockholders' Equity for the six-month periods ended June 30, 2015 and 2014 (As Restated)                 | 8 |
| Condensed Consolidated Statements of Cash Flows for the six-month periods ended June 30, 2015 and 2014 (As Restated)                           | 9 |
| Notes to Condensed Consolidated Financial Statements                                                                                                | 10 |
|                                                                                                                                                |   |
| Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations                                                  | 105 |
|                                                                                                                                                |   |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                                                             | 151 |
|                                                                                                                                                |   |
| Item 4. Controls and Procedures                                                                                                                | 151 |
|                                                                                                                                                |   |
| PART II. OTHER INFORMATION                                                                                                                          |   |
|                                                                                                                                                |   |
| Item 1. Legal Proceedings                                                                                                                      | 157 |
|                                                                                                                                                |   |
| Item 1A. Risk Factors                                                                                                                          | 157 |
|                                                                                                                                                |   |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                                                            | 157 |
|                                                                                                                                                |   |
| Item 3. Defaults upon Senior Securities                                                                                                        | 157 |
|                                                                                                                                                |   |
| Item 4. Mine Safety Disclosures                                                                                                                     | 157 |
|                                                                                                                                                |   |
| Item 5. Other Information                                                                                                                           | 157 |
|                                                                                                                                                |   |
| Item 6. Exhibits                                                                                                                               | 158 |
|                                                                                                                                                |   |
| SIGNATURES                                                                                                                                          | 159 |
|                                                                                                                                                |   |
|                                                                                                                                                |   |
|  Ex-31.1 Certification                                                                                                                         |
|  Ex-31.2 Certification                                                                                                                         |
|  Ex-32.1 Certification                                                                                                                         |
|  Ex-32.2 Certification                                                                                                                         |
|  EX-101 INSTANCE DOCUMENT                                                                                                                      |
|  EX-101 SCHEMA DOCUMENT                                                                                                                        |
|  EX-101 CALCULATION LINKBASE DOCUMENT                                                                                                          |
|  EX-101 LABELS LINKBASE DOCUMENT                                                                                                               |
|  EX-101 PRESENTATION LINKBASE DOCUMENT                                                                                                         |
|  EX-101 DEFINITION LINKBASE DOCUMENT                                                                                                           |

----

|              |
|--------------|
|              |  |
| Item 1. | Condensed Consolidated Financial Statements |

|                                                                                                                                                                                             |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                             |  |  |  |  |  |  |  |
|                                                                                                                                                                                        | June 30, 2015 |   | December 31, 2014 |
|                                                                                                                                                                                        | (As Restated - Note 18) |   | (As Restated - Note18) |
|                                                                                                                                                                                        | (in thousands, except for share data) |
| ASSETS                                                                                                                                                                                      |   |   |   |
| Cash and cash equivalents                                                                                                                                                                   | $ | 2,212,358 |  |   | $ | 2,201,783 |  |
| Investment securities:                                                                                                                                                                      |   |   |   |
| Available-for-sale at fair value                                                                                                                                                            | 19,324,217 |  |   | 15,908,078 |  |
| Trading securities                                                                                                                                                                          | — |  |   | 833,936 |  |
| Other investments                                                                                                                                                                           | 846,610 |  |   | 816,991 |  |
| Loans held for investment (1) (5)                                                                                                                                                           | 79,389,188 |  |   | 75,995,467 |  |
| Allowance for loan losses (5)                                                                                                                                                               | (2,834,653 | ) |   | (1,701,602 | ) |
| Net loans held for investment                                                                                                                                                               | 76,554,535 |  |   | 74,293,865 |  |
| Loans held-for-sale (2)                                                                                                                                                                     | 1,886,090 |  |   | 260,252 |  |
| Premises and equipment, net (3)                                                                                                                                                             | 849,632 |  |   | 854,671 |  |
| Leased vehicles, net (5)(6)                                                                                                                                                                 | 7,298,019 |  |   | 6,623,970 |  |
| Accrued interest receivable (5)                                                                                                                                                             | 580,126 |  |   | 559,962 |  |
| Equity method investments                                                                                                                                                                   | 187,028 |  |   | 227,991 |  |
| Goodwill                                                                                                                                                                                    | 8,951,484 |  |   | 8,951,484 |  |
| Intangible assets                                                                                                                                                                           | 673,844 |  |   | 706,988 |  |
| Bank-owned life insurance                                                                                                                                                                   | 1,708,310 |  |   | 1,686,491 |  |
| Restricted cash (5)                                                                                                                                                                         | 3,202,917 |  |   | 2,024,838 |  |
| Other assets (4) (5)                                                                                                                                                                        | 2,014,868 |  |   | 2,869,580 |  |
| TOTAL ASSETS                                                                                                                                                                                | $ | 126,290,038 |  |   | $ | 118,820,880 |  |
| LIABILITIES                                                                                                                                                                                 |   |   |   |
| Accrued expenses and payables                                                                                                                                                               | $ | 2,049,611 |  |   | $ | 1,891,235 |  |
| Deposits and other customer accounts                                                                                                                                                        | 54,622,913 |  |   | 52,474,007 |  |
| Borrowings and other debt obligations (5)                                                                                                                                                   | 44,403,556 |  |   | 39,679,382 |  |
| Advance payments by borrowers for taxes and insurance                                                                                                                                       | 182,998 |  |   | 166,144 |  |
| Deferred tax liabilities, net                                                                                                                                                               | 1,084,984 |  |   | 1,159,971 |  |
| Other liabilities (5)                                                                                                                                                                       | 750,918 |  |   | 722,685 |  |
| TOTAL LIABILITIES                                                                                                                                                                           | 103,094,980 |  |   | 96,093,424 |  |
| STOCKHOLDER'S EQUITY                                                                                                                                                                        |   |   |   |
| Preferred stock (no par value; $25,000 liquidation preference; 7,500,000 shares authorized; 8,000 shares outstanding at June 30, 2015 and at December 31, 2014)                        | 195,445 |  |   | 195,445 |  |
| Common stock and paid-in capital (no par value; 800,000,000 shares authorized; 530,391,043 and 530,391,043 shares outstanding at June 30, 2015 and at December 31, 2014, respectively) | 14,730,843 |  |   | 14,729,609 |  |
| Accumulated other comprehensive loss                                                                                                                                                        | (125,502 | ) |   | (96,410 | ) |
| Retained earnings                                                                                                                                                                           | 4,097,557 |  |   | 3,846,417 |  |
| TOTAL SHUSA STOCKHOLDER'S EQUITY                                                                                                                                                            | 18,898,343 |  |   | 18,675,061 |  |
| Noncontrolling interest                                                                                                                                                                     | 4,296,715 |  |   | 4,052,395 |  |
| TOTAL STOCKHOLDER'S EQUITY                                                                                                                                                                  | 23,195,058 |  |   | 22,727,456 |  |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY                                                                                                                                                  | $ | 126,290,038 |  |   | $ | 118,820,880 |  |

----

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                        | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                        | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                        | (As Restated - Note 18) |   | (As Restated - Note 18) |   | (As Restated - Note 18) |   | (As Restated - Note 18) |
|                                                        | (in thousands) |
| INTEREST INCOME:                                            |   |   |   |   |   |   |   |
| Loans                                                       | $ | 1,936,227 |  |   | $ | 1,767,980 |  |   | $ | 3,739,905 |  |   | $ | 3,096,480 |  |
| Interest-earning deposits                                   | 1,057 |  |   | 1,566 |  |   | 2,819 |  |   | 3,561 |  |
| Investment securities:                                      |   |   |   |   |   |   |   |
| Available-for-sale                                          | 77,045 |  |   | 60,063 |  |   | 154,462 |  |   | 121,255 |  |
| Other investments                                           | 10,025 |  |   | 9,638 |  |   | 29,093 |  |   | 17,745 |  |
| TOTAL INTEREST INCOME                                       | 2,024,354 |  |   | 1,839,247 |  |   | 3,926,279 |  |   | 3,239,041 |  |
| INTEREST EXPENSE:                                           |   |   |   |   |   |   |   |
| Deposits and other customer accounts                        | 65,193 |  |   | 48,809 |  |   | 128,586 |  |   | 97,756 |  |
| Borrowings and other debt obligations                       | 232,382 |  |   | 223,956 |  |   | 447,857 |  |   | 409,110 |  |
| TOTAL INTEREST EXPENSE                                      | 297,575 |  |   | 272,765 |  |   | 576,443 |  |   | 506,866 |  |
| NET INTEREST INCOME                                         | 1,726,779 |  |   | 1,566,482 |  |   | 3,349,836 |  |   | 2,732,175 |  |
| Provision for credit losses                                 | 965,251 |  |   | 576,357 |  |   | 2,018,890 |  |   | 887,226 |  |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES       | 761,528 |  |   | 990,125 |  |   | 1,330,946 |  |   | 1,844,949 |  |
| NON-INTEREST INCOME:                                        |   |   |   |   |   |   |   |
| Consumer fees                                               | 108,845 |  |   | 99,905 |  |   | 209,549 |  |   | 182,869 |  |
| Commercial fees                                             | 46,141 |  |   | 42,559 |  |   | 88,826 |  |   | 85,529 |  |
| Mortgage banking income, net                                | 36,304 |  |   | 16,762 |  |   | 54,167 |  |   | 29,709 |  |
| Equity method investments (loss)/income, net                | (34 | ) |   | (7,196 | ) |   | (7,167 | ) |   | 12,480 |  |
| Bank-owned life insurance                                   | 15,884 |  |   | 16,981 |  |   | 28,840 |  |   | 31,163 |  |
| Lease income                                                | 339,746 |  |   | 195,392 |  |   | 653,077 |  |   | 284,420 |  |
| Miscellaneous income                                        | 147,490 |  |   | 200,443 |  |   | 244,030 |  |   | 344,582 |  |
| TOTAL FEES AND OTHER INCOME                                 | 694,376 |  |   | 564,846 |  |   | 1,271,322 |  |   | 970,752 |  |
| OTTI recognized in earnings                                 | (1,092 | ) |   | — |  |   | (1,092 | ) |   | — |  |
| Gain on Change in Control                                   | — |  |   | — |  |   | — |  |   | 2,417,563 |  |
| Net gain on sale of investment securities                   | 10,799 |  |   | 9,405 |  |   | 20,356 |  |   | 11,349 |  |
| Net gain recognized in earnings                             | 9,707 |  |   | 9,405 |  |   | 19,264 |  |   | 2,428,912 |  |
| TOTAL NON-INTEREST INCOME                                   | 704,083 |  |   | 574,251 |  |   | 1,290,586 |  |   | 3,399,664 |  |
| GENERAL AND ADMINISTRATIVE EXPENSES:                        |   |   |   |   |   |   |   |
| Compensation and benefits                                   | 327,510 |  |   | 283,889 |  |   | 646,611 |  |   | 602,559 |  |
| Occupancy and equipment expenses                            | 139,613 |  |   | 112,222 |  |   | 268,779 |  |   | 233,091 |  |
| Technology expense                                          | 45,067 |  |   | 43,798 |  |   | 87,156 |  |   | 84,068 |  |
| Outside services                                            | 55,501 |  |   | 43,150 |  |   | 103,900 |  |   | 79,109 |  |
| Marketing expense                                           | 17,841 |  |   | 11,119 |  |   | 32,182 |  |   | 25,219 |  |
| Loan expense                                                | 95,007 |  |   | 87,894 |  |   | 188,804 |  |   | 156,723 |  |
| Lease expense                                               | 253,329 |  |   | 145,303 |  |   | 494,277 |  |   | 206,747 |  |
| Other administrative expenses                               | 98,731 |  |   | 79,054 |  |   | 170,397 |  |   | 133,170 |  |
| TOTAL GENERAL AND ADMINISTRATIVE EXPENSES                   | 1,032,599 |  |   | 806,429 |  |   | 1,992,106 |  |   | 1,520,686 |  |
| OTHER EXPENSES:                                             |   |   |   |   |   |   |   |
| Amortization of intangibles                                 | 16,338 |  |   | 20,891 |  |   | 33,144 |  |   | 32,940 |  |
| Deposit insurance premiums and other expenses               | 13,369 |  |   | 14,559 |  |   | 29,178 |  |   | 28,979 |  |
| Loss on debt extinguishment                                 | — |  |   | — |  |   | — |  |   | 3,635 |  |
| Investment expense on qualified affordable housing projects | 35 |  |   | — |  |   | 84 |  |   | — |  |
| Impairment of long-lived assets                             | — |  |   | 61,223 |  |   | — |  |   | 64,546 |  |
| TOTAL OTHER EXPENSES                                        | 29,742 |  |   | 96,673 |  |   | 62,406 |  |   | 130,100 |  |
| INCOME BEFORE INCOME TAXES                                  | 403,270 |  |   | 661,274 |  |   | 567,020 |  |   | 3,593,827 |  |
| Income tax provision                                        | 125,074 |  |   | 239,793 |  |   | 161,983 |  |   | 1,294,072 |  |
| NET INCOME INCLUDING NONCONTROLLING INTEREST                | 278,196 |  |   | 421,481 |  |   | 405,037 |  |   | 2,299,755 |  |
| LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST    | 105,172 |  |   | 160,391 |  |   | 146,597 |  |   | 272,147 |  |
| NET INCOME ATTRIBUTABLE TO SHUSA                            | $ | 173,024 |  |   | $ | 261,090 |  |   | $ | 258,440 |  |   | $ | 2,027,608 |  |

----

|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                          | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                                                          | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                                                          | (As Restated - Note 18) |   | (As Restated - Note 18) |   | (As Restated - Note 18) |   | (As Restated - Note 18) |
|                                                                                          | (in thousands) |
| NET INCOME INCLUDING NONCONTROLLING INTEREST                                                  | $ | 278,196 |  |   | $ | 421,481 |  |   | $ | 405,037 |  |   | $ | 2,299,755 |  |
| OTHER COMPREHENSIVE INCOME, NET OF TAX                                                        |   |   |   |   |   |   |   |
| Net unrealized gains/(losses) on cash flow hedge derivative financial instruments, net of tax | 7,214 |  |   | (1,119 | ) |   | (7,901 | ) |   | 6,641 |  |
| Net unrealized (losses)/gains on available-for-sale investment securities, net of tax         | (88,233 | ) |   | 46,127 |  |   | (22,243 | ) |   | 128,988 |  |
| Pension and post-retirement actuarial gain, net of tax                                        | 437 |  |   | 273 |  |   | 1,052 |  |   | 835 |  |
| TOTAL OTHER COMPREHENSIVE (LOSS)/INCOME, NET OF TAX                                           | (80,582 | ) |   | 45,281 |  |   | (29,092 | ) |   | 136,464 |  |
| COMPREHENSIVE INCOME                                                                          | $ | 197,614 |  |   | $ | 466,762 |  |   | $ | 375,945 |  |   | $ | 2,436,219 |  |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST                                  | 105,172 |  |   | 160,391 |  |   | 146,597 |  |   | 272,147 |  |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO SHUSA                                                    | $ | 92,442 |  |   | $ | 306,371 |  |   | $ | 229,348 |  |   | $ | 2,164,072 |  |

----

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| As Restated - Note 18                                                             | CommonSharesOutstanding |   | PreferredStock |   | CommonStock andPaid-inCapital |   | AccumulatedOtherComprehensive(Loss)/Income |   | RetainedEarnings |   | Noncontrolling Interest |   | TotalStockholder'sEquity |
| Balance, December 31, 2013                                                        | 520,307 |  |   | $ | 195,445 |  |   | $ | 12,209,816 |  |   | $ | (254,368 | ) |   | $ | 1,426,205 |  |   | $ | — |  |   | $ | 13,577,098 |  |
| Comprehensive income                                                              | — |  |   | — |  |   | — |  |   | 136,464 |  |   | 2,027,608 |  |   | — |  |   | 2,164,072 |  |
| Comprehensive income attributable to Noncontrolling Interest                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 272,147 |  |   | 272,147 |  |
| SCUSA Change in Control(1)                                                        | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 3,483,446 |  |   | 3,483,446 |  |
| Impact of SCUSA Stock Option Activity                                             | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 106,283 |  |   | 106,283 |  |
| Issuance of common stock                                                          | 10,084 |  |   |   |   | 2,521,000 |  |   | — |  |   | — |  |   | — |  |   | 2,521,000 |  |
| Stock issued in connection with employee benefit and incentive compensation plans | — |  |   | — |  |   | (1,207 | ) |   | — |  |   | — |  |   | — |  |   | (1,207 | ) |
| Dividends paid to Noncontrolling Interest                                         |   |   |   |   |   |   |   |   |   |   | (20,667 | ) |   | (20,667 | ) |
| Dividends paid on preferred stock                                                 | — |  |   | — |  |   | — |  |   | — |  |   | (7,300 | ) |   | — |  |   | (7,300 | ) |
| Balance, June 30, 2014                                                            | 530,391 |  |   | $ | 195,445 |  |   | $ | 14,729,609 |  |   | $ | (117,904 | ) |   | $ | 3,446,513 |  |   | $ | 3,841,209 |  |   | $ | 22,094,872 |  |

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| As Restated - Note 18                                                             | CommonSharesOutstanding |   | PreferredStock |   | CommonStock andPaid-inCapital |   | AccumulatedOtherComprehensive(Loss) |   | RetainedEarnings |   | Noncontrolling Interest |   | TotalStockholder'sEquity |
| Balance, December 31, 2014                                                        | 530,391 |  |   | $ | 195,445 |  |   | $ | 14,729,609 |  |   | $ | (96,410 | ) |   | $ | 3,846,417 |  |   | $ | 4,052,395 |  |   | $ | 22,727,456 |  |
| Comprehensive (loss) /income                                                      | — |  |   | — |  |   | — |  |   | (29,092 | ) |   | 258,440 |  |   | — |  |   | 229,348 |  |
| Comprehensive Income Attributable to Noncontrolling Interest                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 146,597 |  |   | 146,597 |  |
| Impact of SCUSA Stock Option Activity                                             | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 97,723 |  |   | 97,723 |  |
| Stock issued in connection with employee benefit and incentive compensation plans | — |  |   | — |  |   | 1,234 |  |   | — |  |   | — |  |   | — |  |   | 1,234 |  |
| Dividends paid on preferred stock                                                 | — |  |   | — |  |   | — |  |   | — |  |   | (7,300 | ) |   | — |  |   | (7,300 | ) |
| Balance, June 30, 2015                                                            | 530,391 |  |   | $ | 195,445 |  |   | $ | 14,730,843 |  |   | $ | (125,502 | ) |   | $ | 4,097,557 |  |   | $ | 4,296,715 |  |   | $ | 23,195,058 |  |

----

|                                                                                                                                                                                                                                                        |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                        |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                   | Six-Month PeriodEnded June 30, |
|                                                                                                                                                                                                                                                   | 2015 |  | 2014 |
|                                                                                                                                                                                                                                                   | (As Restated - Note 18) |   | (As Restated - Note 18) |
|                                                                                                                                                                                                                                                   | (in thousands) |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                                                                                  |   |   |   |
| Net income including noncontrolling interest                                                                                                                                                                                                           | $ | 405,037 |  |   | $ | 2,299,755 |  |
| Adjustments to reconcile net income to net cash provided by operating activities:                                                                                                                                                                      |   |   |   |
| Gain on SCUSA Change in Control                                                                                                                                                                                                                        | — |  |   | (2,280,027 | ) |
| Net gain on sale of SCUSA shares                                                                                                                                                                                                                       | — |  |   | (137,536 | ) |
| Gain on sale of branches                                                                                                                                                                                                                               | — |  |   | (10,648 | ) |
| Impairment of capitalized software                                                                                                                                                                                                                     | — |  |   | 64,546 |  |
| Provision for credit losses                                                                                                                                                                                                                            | 2,018,890 |  |   | 887,226 |  |
| Deferred tax expense/(benefit)                                                                                                                                                                                                                         | (55,459 | ) |   | 1,007,100 |  |
| Depreciation, amortization and accretion                                                                                                                                                                                                               | 168,188 |  |   | (143,748 | ) |
| Net gain on sale of loans                                                                                                                                                                                                                              | (101,750 | ) |   | (47,303 | ) |
| Net gain on sale of investment securities                                                                                                                                                                                                              | (20,356 | ) |   | (11,349 | ) |
| Gain on residential loan securitizations                                                                                                                                                                                                               | (9,373 | ) |   | — |  |
| Net gain on sale of leased vehicles                                                                                                                                                                                                                    | (21,878 | ) |   | (5,576 | ) |
| OTTI recognized in earnings                                                                                                                                                                                                                            | 1,092 |  |   | — |  |
| Loss on debt extinguishment                                                                                                                                                                                                                            | — |  |   | 3,635 |  |
| Net loss/(gain) on real estate owned and premises and equipment                                                                                                                                                                                        | 108 |  |   | (3,590 | ) |
| Stock-based compensation                                                                                                                                                                                                                               | 11,745 |  |   | 2,840 |  |
| Equity (earnings)/loss on equity method investments                                                                                                                                                                                                    | 7,167 |  |   | (12,480 | ) |
| Originations of loans held-for-sale, net of repayments                                                                                                                                                                                                 | (3,401,215 | ) |   | (2,264,013 | ) |
| Proceeds from sales of loans held-for-sale                                                                                                                                                                                                             | 2,690,029 |  |   | 2,587,625 |  |
| Purchases of trading securities                                                                                                                                                                                                                        | (390,192 | ) |   | (211,590 | ) |
| Proceeds from sales of trading securities                                                                                                                                                                                                              | 823,801 |  |   | 86,474 |  |
| Net change in:                                                                                                                                                                                                                                         |   |   |   |
| Other assets and bank-owned life insurance                                                                                                                                                                                                             | 231,504 |  |   | 617,844 |  |
| Other liabilities                                                                                                                                                                                                                                      | 155,859 |  |   | (90,122 | ) |
| Other                                                                                                                                                                                                                                                  | — |  |   | (3,558 | ) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                                                                                                                                                                              | 2,513,197 |  |   | 2,335,505 |  |
|                                                                                                                                                                                                                                                   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                                                                                                  |   |   |   |
| Proceeds from sales of available-for-sale investment securities                                                                                                                                                                                        | 2,254,608 |  |   | 289,881 |  |
| Proceeds from prepayments and maturities of available-for-sale investment securities                                                                                                                                                                   | 2,505,118 |  |   | 1,179,870 |  |
| Purchases of available-for-sale investment securities                                                                                                                                                                                                  | (6,982,822 | ) |   | (1,286,348 | ) |
| Proceeds from sales of other investments                                                                                                                                                                                                               | 239,155 |  |   | 166,012 |  |
| Purchases of other investments                                                                                                                                                                                                                         | (243,912 | ) |   | (194,110 | ) |
| Net change in restricted cash                                                                                                                                                                                                                          | (1,178,079 | ) |   | (316,035 | ) |
| Proceeds from sales of loans held for investment                                                                                                                                                                                                       | 1,363,958 |  |   | 952,864 |  |
| Proceeds from the sales of equity method investments                                                                                                                                                                                                   | 14,988 |  |   | — |  |
| Distributions from equity method investments                                                                                                                                                                                                           | 8,004 |  |   | 5,058 |  |
| Contributions to equity method investments                                                                                                                                                                                                             | (403 | ) |   | (18,556 | ) |
| Purchases of loans held for investment                                                                                                                                                                                                                 | (208,592 | ) |   | (1,039,938 | ) |
| Net change in loans other than purchases and sales                                                                                                                                                                                                     | (6,144,194 | ) |   | (4,780,848 | ) |
| Purchases of leased vehicles                                                                                                                                                                                                                           | (3,163,426 | ) |   | (3,195,132 | ) |
| Proceeds from the sale of leased vehicles                                                                                                                                                                                                              | 1,463,580 |  |   | 364,833 |  |
| Manufacturer incentives                                                                                                                                                                                                                                | 657,932 |  |   | 578,760 |  |
| Proceeds from sales of real estate owned and premises and equipment                                                                                                                                                                                    | 44,759 |  |   | 632,614 |  |
| Purchases of premises and equipment                                                                                                                                                                                                                    | (111,547 | ) |   | (141,599 | ) |
| Net cash transferred on the sale of branches                                                                                                                                                                                                           | — |  |   | (151,286 | ) |
| Proceeds from sale of SCUSA shares                                                                                                                                                                                                                     | — |  |   | 320,145 |  |
| Cash acquired in SCUSA Change in Control                                                                                                                                                                                                               | — |  |   | 11,076 |  |
| NET CASH USED IN INVESTING ACTIVITIES                                                                                                                                                                                                                  | (9,480,873 | ) |   | (6,622,739 | ) |
|                                                                                                                                                                                                                                                   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                                                                                                  |   |   |   |
| Net change in deposits and other customer accounts                                                                                                                                                                                                     | 2,148,906 |  |   | 552,862 |  |
| Net change in short-term borrowings                                                                                                                                                                                                                    | (5,100,000 | ) |   | 1,476,234 |  |
| Net proceeds from long-term borrowings                                                                                                                                                                                                                 | 27,170,548 |  |   | 18,166,999 |  |
| Repayments of long-term borrowings                                                                                                                                                                                                                     | (22,401,878 | ) |   | (16,684,629 | ) |
| Proceeds from FHLB advances (with maturities greater than 90 days)                                                                                                                                                                                     | 6,650,000 |  |   | — |  |
| Repayments of FHLB advances (with maturities greater than 90 days)                                                                                                                                                                                     | (1,585,000 | ) |   | (813,635 | ) |
| Net change in advance payments by borrowers for taxes and insurance                                                                                                                                                                                    | 16,854 |  |   | 12,957 |  |
| Cash dividends paid to preferred stockholders                                                                                                                                                                                                          | (7,300 | ) |   | (7,300 | ) |
| Dividends paid to noncontrolling interest                                                                                                                                                                                                              | — |  |   | (20,667 | ) |
| Proceeds from the issuance of common stock                                                                                                                                                                                                             | 86,121 |  |   | 1,777,381 |  |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                                                                                                                                                                                              | 6,978,251 |  |   | 4,460,202 |  |
|                                                                                                                                                                                                                                                   |   |   |   |
| NET INCREASE IN CASH AND CASH EQUIVALENTS                                                                                                                                                                                                              | 10,575 |  |   | 172,968 |  |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                                                                                                                                                                         | 2,201,783 |  |   | 4,226,947 |  |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                                                                                                                                                                                               | $ | 2,212,358 |  |   | $ | 4,399,915 |  |
|                                                                                                                                                                                                                                                   |   |   |   |
| SUPPLEMENTAL DISCLOSURES                                                                                                                                                                                                                               |   |   |   |
| Income taxes (received)/paid, net                                                                                                                                                                                                                      | $ | (45,508 | ) |   | $ | (399,502 | ) |
| Interest paid                                                                                                                                                                                                                                          | 594,632 |  |   | 552,892 |  |
|                                                                                                                                                                                                                                                   |   |   |   |
| NON-CASH TRANSACTIONS(1)                                                                                                                                                                                                                               |   |   |   |
| Loans transferred to other real estate owned                                                                                                                                                                                                           | 16,599 |  |   | 26,458 |  |
| Operating leases transferred to repossessed vehicles                                                                                                                                                                                                   | 43,504 |  |   | 601,659 |  |
| Loans transferred from held for investment to held for sale, net                                                                                                                                                                                       | 1,823,136 |  |   | 225,262 |  |
| Unsettled purchases of investment securities                                                                                                                                                                                                           | 697,057 |  |   | — |  |
| Conversion of debt to common equity                                                                                                                                                                                                                    | — |  |   | 750,000 |  |
| Liquidation of common equity securities                                                                                                                                                                                                                | — |  |   | 24,742 |  |
| Residential loan securitizations                                                                                                                                                                                                                       | 234,547 |  |   | — |  |
| (1) The first quarter 2014 change in control and consolidation of SCUSA (the "Change in Control") was accounted for as a non-cash transaction. See Note 3 to the Condensed Consolidated Financial Statements for detail on the Change in Control. |

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company adopted the FASB ASU 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects, which allows an entity to make an accounting policy election to account for its investments in qualified affordable housing projects using the proportional amortization method, if certain conditions are met. Under this method, an investor would amortize the cost of its investments in proportion to the tax credits and other tax benefits received and will recognize the amortization, net of tax credits and other tax benefits, in the income statement as a component of income tax expense. This ASU is required to be adopted on a retrospective basis for all periods presented. The adoption of this ASU did not have a material effect to the Company’s prior periods’ consolidated financial statements to warrant retrospective application. The cumulative effect of the adoption was recognized in the first quarter of 2015 and was not material to the Company’s condensed consolidated financial statements. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company adopted FASB ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure, on a prospective basis. Under this ASU, an in-substance repossession or foreclosure occurs when the creditor obtains legal title to the residential real estate property or the borrower conveys all interest in the residential real estate property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The Company’s adoption of this ASU did not have a material effect on its condensed consolidated financial statements. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company adopted FASB ASU 2014-14, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. This ASU requires that a government-guaranteed mortgage loan be de-recognized, and that a separate other receivable be recognized, upon foreclosure if the three criteria identified in the ASU are met. Upon foreclosure and meeting the three criteria, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) that is expected to be recovered from the guarantor. The Company’s adoption of this ASU did not have a material effect on its condensed consolidated financial statements. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In April 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU simplifies the presentation of debt issuance costs and requires that debt issuance costs be presented as a deduction from the recognized debt liability, and eliminates prior guidance which required that debt issuance costs be recorded as a deferred charge. This amendment will be effective for the Company for the first reporting period ending after December 15, 2015, with early adoption permitted for financial statements that have not been previously issued. Adoption of the amendment by the Company must be on a retrospective basis. This ASU was  adopted as part of the Form 10-Q/A and did not have a material effect on the condensed consolidated financial statements. |

----

----

|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |
|                                                                        |   | January 28, 2014 |
|                                                                        |   |   |
|                                                                        |   | (dollars in thousands) |
| Fair value of noncontrolling interest in SCUSA                              |   | $ | 3,273,265 |  |
| Fair value of SCUSA employee vested stock options                           |   | 210,181 |  |
| Fair value of SHUSA remaining ownership interest in SCUSA                   |   | 5,063,881 |  |
| Fair value of equity-related interests in SCUSA                             |   | $ | 8,547,327 |  |
|                                                                        |   |   |
| Recognized amounts of identifiable assets acquired and liabilities assumed: |   |  |
|                                                                        |   |   |
| Cash and cash equivalents                                                   |   | $ | 11,075 |  |
| Restricted cash                                                             |   | 1,704,906 |  |
| Loan receivables - held for sale                                            |   | 990,137 |  |
| Loan receivables - retail installment contracts                             |   | 19,870,790 |  |
| Loan receivables from dealers                                               |   | 102,689 |  |
| Loan receivables - unsecured                                                |   | 1,009,896 |  |
| Premises and equipment                                                      |   | 74,998 |  |
| Leased vehicles, net                                                        |   | 2,486,929 |  |
| Intangibles                                                                 |   | 768,750 |  |
| Miscellaneous receivables and other assets                                  |   | 1,061,351 |  |
| Deferred tax asset                                                          |   | 7,210 |  |
| Borrowings and other debt obligations                                       |   | (24,497,607 | ) |
| Accounts payable and accrued liabilities                                    |   | (570,852 | ) |
| Total identifiable net assets                                               |   | 3,020,272 |  |
|                                                                        |   |   |
| Goodwill                                                                    |   | $ | 5,527,055 |  |

----

|                                                                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                          |  |  |  |  |
|                                                                                                                                                                                                     |   | January 28, 2014 |
|                                                                                                                                                                                                     |   | (in thousands) |
| Fair value of loan receivables (1)                                                                                                                                                                       |   | $ | 19,870,790 |  |
| Gross contractual amount of loan receivables (1)                                                                                                                                                         |   | 31,410,699 |  |
| Estimate of contractual cash flows not expected to be collected at acquisition (1)                                                                                                                       |   | 4,301,586 |  |
|                                                                                                                                                                                                     |   |   |
| (1) Fair value of receivables does not include amounts related to the loan receivables - unsecured and loan receivables from dealers due to the short-term and revolving nature of the receivables. |

|                    |
|--------------------|
|                    |  |  |  |  |
|               |   | January 28, 2014 |
|               |   | (in thousands) |
| UPB (1)            |   | $ | 20,343,356 |  |
| UPB - FVO (2)      |   | 2,611,446 |  |
| Total UPB          |   | 22,954,802 |  |
| Purchase Marks (3) |   | (3,084,012 | ) |
| Total              |   | 19,870,790 |  |
|               |   |   |

|           |                                                                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | UPB does not include amounts related to the loan receivables - unsecured and loan receivables from dealers due to the short-term and revolving nature of the receivables. |

|           |                                                               |
|-----------|---------------------------------------------------------------|
| (2)  | The Company elected to account for these loans under the FVO. |

|           |                                                                                                                         |
|-----------|-------------------------------------------------------------------------------------------------------------------------|
| (3)  | Includes purchase marks of $741.1 million related to purchase loan portfolios on which we elected to apply the FVO. |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |
|                                                                                  |   | January 28, 2014 |
|                                                                                  |   | Fair Value | Weighted Average Amortization Period |
|                                                                                  |   | (dollars in thousands) |
| Intangibles subject to amortization:                                                  |   |  |  |
| Dealer networks                                                                       |   | $ | 580,000 |  | 17.5 years (a) |
| Chrysler relationship                                                                 |   | 138,750 |  | 9.2 years |
|                                                                                  |   |   |   |
| Intangibles not subject to amortization:                                              |   |  |  |  |
| Trade name                                                                            |   | 50,000 |  | indefinite lived |
| Total Intangibles                                                                     |   | $ | 768,750 |  |  |
|                                                                                  |   |   |   |
| (a) The amortization periods of the dealer network range between 7 and 20 years. |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |
|                                               |   | January 28, 2014 |
|                                               |   |   |
|                                               |   | (in thousands) |
|                                               |   |   |
| Gain attributable to SCUSA shares sold             |   | $ | 137,536 |  |
| Gain attributable to the remaining equity interest |   | 2,280,027 |  |
| Total pre-tax gain                                 |   | $ | 2,417,563 |  |
|                                               |   |   |

----

|                                                                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                       |   | SCUSA Amounts Included in Results for the |   | Supplemental Pro Forma Combined (b) |
|                                                                                                                                                                                                                                                                       |   | Three-Month Period Ended June 30, 2014 |   | Six-Month Period Ended June 30, 2014 |   | Three-Month Period Ended June 30, 2014 |   | Six-Month Period Ended June 30, 2014 |
|                                                                                                                                                                                                                                                                       |   | (in thousands) |
|                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Total Revenue, Net of Total Interest Expense (a)                                                                                                                                                                                                                      |   | $ | 1,557,036 |  |   | $ | 2,577,996 |  |   | $ | 2,048,393 |  |   | $ | 4,020,599 |  |
| Net Income including Noncontrolling Interest                                                                                                                                                                                                                               |   | 362,516 |  |   | 645,418 |  |   | 224,502 |  |   | 368,940 |  |
|                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| (a) Total Revenue, Net of Total Interest Expense is calculated as the sum of Total Interest Income and Total Non-Interest Income, less Total Interest Expense.                                                                                                             |
| (b) Includes the impact of recording provision for loan losses necessary to bring the retail installment contracts and personal unsecured loans to their expected carrying values considering the required allowance for loan losses on their recorded investment amounts. |

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           | June 30, 2015 |
|                                           | AmortizedCost |   | GrossUnrealizedGains |   | GrossUnrealizedLoss |   | FairValue |
|                                           | (in thousands) |
| U.S. Treasury securities                       | $ | 2,588,961 |  |   | $ | 13,019 |  |   | $ | (98 | ) |   | $ | 2,601,882 |  |
| Corporate debt securities                      | 1,650,573 |  |   | 18,814 |  |   | (6,381 | ) |   | 1,663,006 |  |
| Asset-backed securities ("ABS")                | 2,301,477 |  |   | 12,968 |  |   | (798 | ) |   | 2,313,647 |  |
| Equity securities                              | 10,757 |  |   | 1 |  |   | (347 | ) |   | 10,411 |  |
| State and municipal securities                 | 958,306 |  |   | 8,274 |  |   | (10,857 | ) |   | 955,723 |  |
| Mortgage-backed securities:                    |   |   |   |   |   |   |   |
| U.S. government agencies                       | 4,721,437 |  |   | 13,062 |  |   | (38,403 | ) |   | 4,696,096 |  |
| FHLMC and FNMA debt securities (1)             | 7,199,898 |  |   | 9,618 |  |   | (138,417 | ) |   | 7,071,099 |  |
| Non-agency securities                          | 11,968 |  |   | 385 |  |   | — |  |   | 12,353 |  |
| Total investment securities available-for-sale | $ | 19,443,377 |  |   | $ | 76,141 |  |   | $ | (195,301 | ) |   | $ | 19,324,217 |  |

----

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           | December 31, 2014 |
|                                           | AmortizedCost |   | GrossUnrealizedGains |   | GrossUnrealizedLoss |   | FairValue |
|                                           | (in thousands) |
| U.S. Treasury securities                       | $ | 1,692,838 |  |   | $ | 2,985 |  |   | $ | (56 | ) |   | $ | 1,695,767 |  |
| Corporate debt securities                      | 2,159,681 |  |   | 29,630 |  |   | (6,910 | ) |   | 2,182,401 |  |
| Asset-backed securities                        | 2,707,207 |  |   | 17,787 |  |   | (4,591 | ) |   | 2,720,403 |  |
| Equity securities                              | 10,619 |  |   | 3 |  |   | (279 | ) |   | 10,343 |  |
| State and municipal securities                 | 1,790,776 |  |   | 35,071 |  |   | (2,385 | ) |   | 1,823,462 |  |
| Mortgage-backed securities:                    |   |   |   |   |   |   |   |
| U.S. government agencies                       | 2,623,722 |  |   | 1,809 |  |   | (40,997 | ) |   | 2,584,534 |  |
| FHLMC and FNMA debt securities                 | 4,994,974 |  |   | 12,974 |  |   | (130,161 | ) |   | 4,877,787 |  |
| Non-agency securities                          | 12,842 |  |   | 539 |  |   | — |  |   | 13,381 |  |
| Total investment securities available-for-sale | $ | 15,992,659 |  |   | $ | 100,798 |  |   | $ | (185,379 | ) |   | $ | 15,908,078 |  |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
|                                       | AmortizedCost |   | FairValue |
|                                       | (in thousands) |
| Due within one year                        | $ | 425,729 |  |   | $ | 423,699 |  |
| Due after 1 year but within 5 years   | 5,452,947 |  |   | 5,489,278 |  |
| Due after 5 years but within 10 years | 869,732 |  |   | 871,078 |  |
| Due after 10 years                    | 12,684,212 |  |   | 12,529,751 |  |
| Total                                      | $ | 19,432,620 |  |   | $ | 19,313,806 |  |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | June 30, 2015 |
|                           | Less than 12 months |   | 12 months or longer |   | Total |
|                           | Fair Value |   | UnrealizedLosses |   | Fair Value |   | UnrealizedLosses |   | Fair Value |   | UnrealizedLosses |
|                           | (in thousands) |
| U.S. Treasury securities       | $ | 198,984 |  |   | $ | (98 | ) |   | $ | — |  |   | $ | — |  |   | $ | 198,984 |  |   | $ | (98 | ) |
| Corporate debt securities      | 502,003 |  |   | (4,392 | ) |   | 122,201 |  |   | (1,989 | ) |   | 624,204 |  |   | (6,381 | ) |
| Asset-backed securities        | 102,208 |  |   | (798 | ) |   | — |  |   | — |  |   | 102,208 |  |   | (798 | ) |
| Equity securities              | 394 |  |   | (3 | ) |   | 9,804 |  |   | (344 | ) |   | 10,198 |  |   | (347 | ) |
| State and municipal securities | 467,338 |  |   | (8,858 | ) |   | 24,390 |  |   | (1,999 | ) |   | 491,728 |  |   | (10,857 | ) |
| Mortgage-backed securities:    |   |   |   |   |   |   |   |   |   |   |   |
| U.S. government agencies       | 966,932 |  |   | (7,459 | ) |   | 1,203,653 |  |   | (30,944 | ) |   | 2,170,585 |  |   | (38,403 | ) |
| FHLMC and FNMA debt securities | 2,868,218 |  |   | (23,099 | ) |   | 2,310,616 |  |   | (115,318 | ) |   | 5,178,834 |  |   | (138,417 | ) |
| Total                          | $ | 5,106,077 |  |   | $ | (44,707 | ) |   | $ | 3,670,664 |  |   | $ | (150,594 | ) |   | $ | 8,776,741 |  |   | $ | (195,301 | ) |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | December 31, 2014 |
|                           | Less than 12 months |   | 12 months or longer |   | Total |
|                           | Fair Value |   | UnrealizedLosses |   | Fair Value |   | UnrealizedLosses |   | Fair Value |   | UnrealizedLosses |
|                           | (in thousands) |
| US Treasury securities         | $ | 298,914 |  |   | $ | (56 | ) |   | $ | — |  |   | $ | — |  |   | $ | 298,914 |  |   | $ | (56 | ) |
| Corporate debt securities      | 538,108 |  |   | (3,262 | ) |   | 214,852 |  |   | (3,648 | ) |   | 752,960 |  |   | (6,910 | ) |
| Asset-backed securities        | 632,936 |  |   | (1,437 | ) |   | 424,333 |  |   | (3,154 | ) |   | 1,057,269 |  |   | (4,591 | ) |
| Equity securities              | 55 |  |   | — |  |   | 9,879 |  |   | (279 | ) |   | 9,934 |  |   | (279 | ) |
| State and municipal securities | 45,128 |  |   | (90 | ) |   | 192,091 |  |   | (2,295 | ) |   | 237,219 |  |   | (2,385 | ) |
| Mortgage-backed securities:    |   |   |   |   |   |   |   |   |   |   |   |
| U.S. government agencies       | 696,989 |  |   | (5,152 | ) |   | 1,485,177 |  |   | (35,845 | ) |   | 2,182,166 |  |   | (40,997 | ) |
| FHLMC and FNMA debt securities | 410,445 |  |   | (2,190 | ) |   | 2,607,695 |  |   | (127,971 | ) |   | 3,018,140 |  |   | (130,161 | ) |
| Total                          | $ | 2,622,575 |  |   | $ | (12,187 | ) |   | $ | 4,934,027 |  |   | $ | (173,192 | ) |   | $ | 7,556,602 |  |   | $ | (185,379 | ) |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                     | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                     | (in thousands) |
| Proceeds from the sales of available-for-sale securities | $ | 1,244,093 |  |   | $ | 201,768 |  |   | $ | 2,254,608 |  |   | $ | 289,881 |  |
|                                                     |   |   |   |   |   |   |   |
| Gross realized gains                                     | $ | 12,277 |  |   | $ | 9,472 |  |   | $ | 23,059 |  |   | $ | 11,416 |  |
| Gross realized losses                                    | (1,478 | ) |   | (67 | ) |   | (2,703 | ) |   | (67 | ) |
| OTTI                                                     | (1,092 | ) |   | — |  |   | (1,092 | ) |   | — |  |
|     Net realized gains               | $ | 9,707 |  |   | $ | 9,405 |  |   | $ | 19,264 |  |   | $ | 11,349 |  |

----

|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                 | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                                                                 | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                                                                 | (in thousands) |
| Net gains recognized during the period on trading securities                                         | $ | — |  |   | $ | 1,488 |  |   | $ | 6,391 |  |   | $ | 1,488 |  |
| Less: Net gains recognized during the period on trading securities sold during the period            | — |  |   | 1,735 |  |   | 6,391 |  |   | 1,735 |  |
| Unrealized losses during the reporting period on trading securities still held at the reporting date | $ | — |  |   | $ | (247 | ) |   | $ | — |  |   | $ | (247 | ) |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | June 30, 2015 |   | December 31, 2014 |
|                                                     | Amount |   | Percent |   | Amount |   | Percent |
|                                                     |   |
|                                                     | (dollars in thousands) |
| Commercial loans held for investment:                    |   |   |   |   |   |   |   |
| Commercial real estate loans                             | $ | 8,839,067 |  |   | 11.1 | % |   | $ | 8,739,233 |  |   | 11.5 | % |
| Commercial and industrial loans                          | 19,492,275 |  |   | 24.6 | % |   | 17,092,828 |  |   | 22.5 | % |
| Multi-family loans                                       | 8,389,685 |  |   | 10.6 | % |   | 8,705,890 |  |   | 11.5 | % |
| Other commercial(2)                                      | 2,279,872 |  |   | 2.8 | % |   | 2,084,232 |  |   | 2.7 | % |
| Total commercial loans held for investment               | 39,000,899 |  |   | 49.1 | % |   | 36,622,183 |  |   | 48.2 | % |
| Consumer loans secured by real estate:                   |   |   |   |   |   |   |   |
| Residential mortgages                                    | 6,427,082 |  |   | 8.1 | % |   | 6,773,575 |  |   | 8.9 | % |
| Home equity loans and lines of credit                    | 6,160,329 |  |   | 7.8 | % |   | 6,211,298 |  |   | 8.2 | % |
| Total consumer loans secured by real estate              | 12,587,411 |  |   | 15.9 | % |   | 12,984,873 |  |   | 17.1 | % |
| Consumer loans not secured by real estate:               |   |   |   |   |   |   |   |
| Retail installment contracts and auto loans - originated | 14,947,088 |  |   | 18.8 | % |   | 9,935,503 |  |   | 13.1 | % |
| Retail installment contracts and auto loans - purchased  | 8,823,958 |  |   | 11.1 | % |   | 12,449,526 |  |   | 16.4 | % |
| Personal unsecured loans                                 | 2,871,155 |  |   | 3.6 | % |   | 2,696,820 |  |   | 3.5 | % |
| Other consumer(3)                                        | 1,158,677 |  |   | 1.5 | % |   | 1,306,562 |  |   | 1.7 | % |
| Total consumer loans                                     | 40,388,289 |  |   | 50.9 | % |   | 39,373,284 |  |   | 51.8 | % |
| Total loans held for investment(1)                       | $ | 79,389,188 |  |   | 100.0 | % |   | $ | 75,995,467 |  |   | 100.0 | % |
| Total loans held for investment:                         |   |   |   |   |   |   |   |
| Fixed rate                                               | $ | 46,030,103 |  |   | 58.0 | % |   | $ | 45,109,343 |  |   | 59.4 | % |
| Variable rate                                            | 33,359,085 |  |   | 42.0 | % |   | 30,886,124 |  |   | 40.6 | % |
| Total loans held for investment(1)                       | $ | 79,389,188 |  |   | 100.0 | % |   | $ | 75,995,467 |  |   | 100.0 | % |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |
| Commercial Portfolio Segment(2)            |   |   |   |   |
| Major Loan Classifications(1)              |   | June 30, 2015 |   | December 31, 2014 |
|                                       |   |   |
|                                       |   | (in thousands) |
| Commercial loans held for investment:      |   |   |   |   |
| Commercial real estate:                    |   |   |   |   |
| Corporate Banking                          |   | $ | 3,075,503 |  |   | $ | 3,218,150 |  |
| Middle Markets Real Estate                 |   | 4,129,585 |  |   | 3,743,099 |  |
| Santander Real Estate Capital              |   | 1,633,979 |  |   | 1,777,984 |  |
| Total commercial real estate               |   | 8,839,067 |  |   | 8,739,233 |  |
| Commercial and industrial loans(3)         |   | 19,492,275 |  |   | 17,092,828 |  |
| Multi-family loans                         |   | 8,389,685 |  |   | 8,705,890 |  |
| Other commercial                           |   | 2,279,872 |  |   | 2,084,232 |  |
| Total commercial loans held for investment |   | $ | 39,000,899 |  |   | $ | 36,622,183 |  |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (1) | These represent the Company's loan categories based on the SEC's Regulation S-X, Article 9. |

|     |                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These represent the Company's loan classes used to determine its allowance for loan and lease losses in accordance with ASC 310-10. |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |
| Consumer Portfolio Segment(2)                                |   |   |   |   |
| Major Loan Classifications(1)                                |   | June 30, 2015 |   | December 31, 2014 |
|                                                         |   |   |
|                                                         |   | (in thousands) |
| Consumer loans secured by real estate:                       |   |   |   |
| Residential mortgages(3)                                     |   | $ | 6,427,082 |  |   | $ | 6,773,575 |  |
| Home equity loans and lines of credit                        |   | 6,160,329 |  |   | 6,211,298 |  |
| Total consumer loans secured by real estate                  |   | 12,587,411 |  |   | 12,984,873 |  |
| Consumer loans not secured by real estate:                   |   |   |   |
| Retail installment contracts and auto loans - originated (4) |   | 14,947,088 |  |   | 9,935,503 |  |
| Retail installment contracts and auto loans - purchased      |   | 8,823,958 |  |   | 12,449,526 |  |
| Personal unsecured loans                                     |   | 2,871,155 |  |   | 2,696,820 |  |
| Other consumer                                               |   | 1,158,677 |  |   | 1,306,562 |  |
| Total consumer loans held for investment                     |   | $ | 40,388,289 |  |   | $ | 39,373,284 |  |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (1) | These represent the Company's loan categories based on the SEC's Regulation S-X, Article 9. |

|     |                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These represent the Company's loan classes used to determine its allowance for loan and lease losses in accordance with ASC 310-10. |

|     |                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Home mortgages exclude $364.9 million and $195.7 million of LHFS at June 30, 2015 and December 31, 2014, respectively. |

|     |                                                                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Retail installment contracts and auto loans exclude $1.5 billion and $45.4 million of LHFS at June 30, 2015 and December 31, 2014, respectively. |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |
|                                         |   | June 30, 2015 |   | December 31, 2014 |
|                                         |   |   |
|                                         |   | (in thousands) |
| RICs - Purchased:                            |   |   |   |
| UPB (1)                                      |   | $ | 9,633,912 |  |   | $ | 13,366,188 |  |
| UPB - FVO (2)                           |   | 326,120 |  |   | 716,923 |  |
| Total UPB                                    |   | 9,960,032 |  |   | 14,083,111 |  |
| Purchase Marks (3)                           | (1,136,074 | ) |   | (1,633,585 | ) |
| Total RICs - Purchased                       |   | 8,823,958 |  |   | 12,449,526 |  |
|                                         |   |   |   |   |
| RICs - Originated:                           |   |   |   |   |
| UPB (1)                                 |   | 15,460,074 |  |   | 10,273,931 |  |
| Net discount                                 |   | (533,891 | ) |   | (367,369 | ) |
| Total RICs - Originated                      | 14,926,183 |  |   | 9,906,562 |  |
| SBNA auto loans                              |   | 20,905 |  |   | 28,941 |  |
| Total RICs originated post-change in control |   | 14,947,088 |  |   | 9,935,503 |  |
| Total RICs and auto loans                    |   | $ | 23,771,046 |  |   | $ | 22,385,029 |  |

----

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                 | Three-Month Period Ended June 30, 2015 |
|                                                                                 | Commercial |   | Consumer |   | Unallocated |   | Total |
|                                                                                 |   |
|                                                                                 | (in thousands) |
| Allowance for loan and lease losses, beginning of period                             | $ | 413,014 |  |   | $ | 1,796,974 |  |   | $ | 71,299 |  |   | $ | 2,281,287 |  |
| Provision for loan losses                                                            | 13,353 |  |   | 941,605 |  |   | 293 |  |   | 955,251 |  |
| Charge-offs                                                                          | (31,846 | ) |   | (879,302 | ) |   | — |  |   | (911,148 | ) |
| Recoveries                                                                           | 8,174 |  |   | 501,089 |  |   | — |  |   | 509,263 |  |
| Charge-offs, net of recoveries                                                       | (23,672 | ) |   | (378,213 | ) |   | — |  |   | (401,885 | ) |
| Allowance for loan and lease losses, end of period                                   | $ | 402,695 |  |   | $ | 2,360,366 |  |   | $ | 71,592 |  |   | $ | 2,834,653 |  |
|                                                                                 |   |   |   |   |   |   |   |
| Reserve for unfunded lending commitments, beginning of period                        | $ | 127,641 |  |   | $ | — |  |   | $ | — |  |   | $ | 127,641 |  |
| Provision for unfunded lending commitments                                           | 10,000 |  |   | — |  |   | — |  |   | 10,000 |  |
| Loss on unfunded lending commitments                                                 | — |  |   | — |  |   | — |  |   | — |  |
| Reserve for unfunded lending commitments, end of period                              | 137,641 |  |   | — |  |   | — |  |   | 137,641 |  |
| Total allowance for credit losses, end of period                                     | $ | 540,336 |  |   | $ | 2,360,366 |  |   | $ | 71,592 |  |   | $ | 2,972,294 |  |
|                                                                                 |   |   |   |   |   |   |   |
|                                                                                 | Six-Month Period Ended June 30, 2015 |
|                                                                                 | Commercial |   | Consumer |   | Unallocated |   | Total |
|                                                                                 |   |
|                                                                                 | (in thousands) |
| Allowance for loan losses, beginning of period                                       | $ | 401,553 |  |   | $ | 1,267,025 |  |   | $ | 33,024 |  |   | $ | 1,701,602 |  |
| Provision for loan losses                                                            | 38,153 |  |   | 1,937,169 |  |   | 38,568 |  |   | 2,013,890 |  |
| Other(1)                                                                             | — |  |   | (27,117 | ) |   | — |  |   | (27,117 | ) |
| Charge-offs                                                                          | (51,184 | ) |   | (1,822,278 | ) |   | — |  |   | (1,873,462 | ) |
| Recoveries                                                                           | 14,173 |  |   | 1,005,567 |  |   | — |  |   | 1,019,740 |  |
| Charge-offs, net of recoveries                                                       | (37,011 | ) |   | (816,711 | ) |   | — |  |   | (853,722 | ) |
| Allowance for loan and lease losses, end of period                                   | $ | 402,695 |  |   | $ | 2,360,366 |  |   | $ | 71,592 |  |   | $ | 2,834,653 |  |
|                                                                                 |   |   |   |   |   |   |   |
| Reserve for unfunded lending commitments, beginning of period                        | $ | 132,641 |  |   | $ | — |  |   | $ | — |  |   | $ | 132,641 |  |
| Provision for unfunded lending commitments                                           | 5,000 |  |   | — |  |   | — |  |   | 5,000 |  |
| Reserve for unfunded lending commitments, end of period                              | 137,641 |  |   | — |  |   | — |  |   | 137,641 |  |
| Total allowance for credit losses, end of period                                     | $ | 540,336 |  |   | $ | 2,360,366 |  |   | $ | 71,592 |  |   | $ | 2,972,294 |  |
| Ending balance, individually evaluated for impairment(2)                             | $ | 60,139 |  |   | $ | 594,600 |  |   | $ | — |  |   | $ | 654,739 |  |
| Ending balance, collectively evaluated for impairment                                | 342,556 |  |   | 1,765,764 |  |   | 71,593 |  |   | 2,179,913 |  |
|                                                                                 |   |   |   |   |   |   |   |
| Financing receivables:                                                               |   |   |   |   |   |   |   |
| Ending balance                                                                       | $ | 39,001,911 |  |   | $ | 42,273,367 |  |   | $ | — |  |   | $ | 81,275,278 |  |
| Ending balance, evaluated under the fair value option or lower of cost or fair value | 1,012 |  |   | 2,379,729 |  |   | — |  |   | 2,380,741 |  |
| Ending balance, individually evaluated for impairment(2)                             | 407,208 |  |   | 3,780,458 |  |   | — |  |   | 4,187,666 |  |
| Ending balance, collectively evaluated for impairment                                | 38,593,691 |  |   | 36,113,180 |  |   | — |  |   | 74,706,871 |  |

----

|                                                                                         |
|-----------------------------------------------------------------------------------------|
|                                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                    | Three-Month Period Ended June 30, 2014 |
|                                                                                    | Commercial |   | Consumer |   | Unallocated |   | Total |
|                                                                                    |   |
|                                                                                    | (in thousands) |
| Allowance for loan and lease losses, beginning of period                                | $ | 440,760 |  |   | $ | 605,383 |  |   | $ | 44,489 |  |   | $ | 1,090,632 |  |
| (Recovery of)/ Provision for loan losses                                                | (52,303 | ) |   | 639,148 |  |   | (5,488 | ) |   | 581,357 |  |
| Charge-offs                                                                             | (22,885 | ) |   | (613,381 | ) |   | — |  |   | (636,266 | ) |
| Recoveries                                                                              | 4,321 |  |   | 257,611 |  |   | — |  |   | 261,932 |  |
| Charge-offs, net of recoveries                                                          | (18,564 | ) |   | (355,770 | ) |   | — |  |   | (374,334 | ) |
| Allowance for loan and lease losses, end of period                                      | $ | 369,893 |  |   | $ | 888,761 |  |   | $ | 39,001 |  |   | $ | 1,297,655 |  |
|                                                                                    |   |   |   |   |   |   |   |
| Reserve for unfunded lending commitments, beginning of period                           | $ | 180,000 |  |   | $ | — |  |   | $ | — |  |   | $ | 180,000 |  |
| Provision for unfunded lending commitments                                              | (5,000 | ) |   | — |  |   | — |  |   | (5,000 | ) |
| Loss on unfunded lending commitments                                                    | (4,726 | ) |   | — |  |   | — |  |   | (4,726 | ) |
| Reserve for unfunded lending commitments, end of period                                 | 170,274 |  |   | — |  |   | — |  |   | 170,274 |  |
| Total allowance for credit losses, end of period                                        | $ | 540,167 |  |   | $ | 888,761 |  |   | $ | 39,001 |  |   | $ | 1,467,929 |  |
|                                                                                    |   |   |   |   |   |   |   |
|                                                                                    |   |   |   |   |   |   |   |
|                                                                                    | Six-Month Period Ended June 30, 2014 |
|                                                                                    | Commercial |   | Consumer |   | Unallocated |   | Total |
|                                                                                    |   |
|                                                                                    | (in thousands) |
| Allowance for loan losses, beginning of period                                          | $ | 443,074 |  |   | $ | 363,647 |  |   | $ | 27,616 |  |   | $ | 834,337 |  |
| Provision for / (Recovery of) loan losses                                               | (30,413 | ) |   | 951,254 |  |   | 11,385 |  |   | 932,226 |  |
| Charge-offs                                                                             | (52,478 | ) |   | (756,627 | ) |   | — |  |   | (809,105 | ) |
| Recoveries                                                                              | 9,710 |  |   | 330,487 |  |   | — |  |   | 340,197 |  |
| Charge-offs, net of recoveries                                                          | (42,768 | ) |   | (426,140 | ) |   | — |  |   | (468,908 | ) |
| Allowance for loan losses, end of period                                                | $ | 369,893 |  |   | $ | 888,761 |  |   | $ | 39,001 |  |   | $ | 1,297,655 |  |
|                                                                                    |   |   |   |   |   |   |   |
| Reserve for unfunded lending commitments, beginning of period                           | $ | 220,000 |  |   | $ | — |  |   | $ | — |  |   | $ | 220,000 |  |
| Provision for unfunded lending commitments                                              | (45,000 | ) |   | — |  |   | — |  |   | (45,000 | ) |
| Loss on unfunded lending commitments                                                    | (4,726 | ) |   | — |  |   | — |  |   | (4,726 | ) |
| Reserve for unfunded lending commitments, end of period                                 | 170,274 |  |   | — |  |   | — |  |   | 170,274 |  |
| Total allowance for credit losses, end of period                                        | $ | 540,167 |  |   | $ | 888,761 |  |   | $ | 39,001 |  |   | $ | 1,467,929 |  |
| Ending balance, individually evaluated for impairment(2)                                | $ | 75,030 |  |   | $ | 129,804 |  |   | $ | — |  |   | $ | 204,834 |  |
| Ending balance, collectively evaluated for impairment                                   | 294,863 |  |   | 758,957 |  |   | 39,001 |  |   | 1,092,821 |  |
|                                                                                    |   |   |   |   |   |   |   |
| Financing receivables:                                                                  |   |   |   |   |   |   |   |
| Ending balance                                                                          | $ | 35,057,667 |  |   | $ | 40,855,427 |  |   | $ | — |  |   | $ | 75,913,094 |  |
| Ending balance, evaluated under the fair value option or lower of cost or fair value(1) | 52,320 |  |   | 1,511,160 |  |   | — |  |   | 1,563,480 |  |
| Ending balance, individually evaluated for impairment(2)                                | 493,771 |  |   | 878,455 |  |   | — |  |   | 1,372,226 |  |
| Ending balance, collectively evaluated for impairment                                   | 34,511,576 |  |   | 38,465,812 |  |   | — |  |   | 72,977,388 |  |

|     |                                                                           |
|-----|---------------------------------------------------------------------------|
| (1) | Represents LHFS and those loans for which the Company has elected the FVO |

|     |                                                                                      |
|-----|--------------------------------------------------------------------------------------|
| (2) | Consumer loans individually evaluated for impairment consists of loans in TDR status |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | Three-Month Period Ended June 30, 2015 |   | Six-Month Period Ended June 30, 2015 |
|                                                     | Purchased |   | Originated |   | Total |   | Purchased |   | Originated |   | Total |
|                                                     | (in thousands) |   | (in thousands) |
| Allowance for loan and lease losses, beginning of period | 319,231 |  |   | 920,153 |  |   | 1,239,384 |  |   | 963 |  |   | 709,024 |  |   | 709,987 |  |
| Provision for / (Release of) loan and lease losses       | 330,724 |  |   | 454,219 |  |   | 784,943 |  |   | 829,629 |  |   | 834,357 |  |   | 1,663,986 |  |
| Other                                                    | — |  |   | — |  |   | — |  |   | (27,117 | ) |   | — |  |   | (27,117 | ) |
| Charge-offs                                              | (399,788 | ) |   | (337,204 | ) |   | (736,992 | ) |   | (887,412 | ) |   | (656,206 | ) |   | (1,543,618 | ) |
| Recoveries                                               | 292,542 |  |   | 181,966 |  |   | 474,508 |  |   | 626,646 |  |   | 331,959 |  |   | 958,605 |  |
| Charge-offs, net of recoveries                           | (107,246 | ) |   | (155,238 | ) |   | (262,484 | ) |   | (260,766 | ) |   | (324,247 | ) |   | (585,013 | ) |
| Allowance for loan and lease losses, end of period       | 542,709 |  |   | 1,219,134 |  |   | 1,761,843 |  |   | 542,709 |  |   | 1,219,134 |  |   | 1,761,843 |  |

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | Three-Month Period Ended June 30, 2014 |   | Six-Month Period Ended June 30, 2014 |
|                                                     | Purchased |   | Originated |   | Total |   | Purchased |   | Originated |   | Total |
|                                                     | (in thousands) |   | (in thousands) |
| Allowance for loan and lease losses, beginning of period | — |  |   | 201,268 |  |   | 201,268 |  |   | — |  |   | — |  |   | — |  |
| Provision for / (Release of) loan and lease losses       | 281,028 |  |   | 209,498 |  |   | 490,526 |  |   | 300,239 |  |   | 410,374 |  |   | 710,613 |  |
| Other                                                    | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Charge-offs                                              | (513,832 | ) |   | (21,923 | ) |   | (535,755 | ) |   | (591,499 | ) |   | (21,581 | ) |   | (613,080 | ) |
| Recoveries                                               | 232,804 |  |   | 5,893 |  |   | 238,697 |  |   | 291,260 |  |   | 5,943 |  |   | 297,203 |  |
| Charge-offs, net of recoveries                           | (281,028 | ) |   | (16,030 | ) |   | (297,058 | ) |   | (300,239 | ) |   | (15,638 | ) |   | (315,877 | ) |
| Allowance for loan and lease losses, end of period       | — |  |   | 394,736 |  |   | 394,736 |  |   | — |  |   | 394,736 |  |   | 394,736 |  |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |
|                                                     | June 30, 2015 |   | December 31, 2014 |
|                                                     |   |
|                                                     | (in thousands) |
| Non-accrual loans:                                       |   |   |   |
| Commercial:                                              |   |   |   |
| Commercial real estate:                                  |   |   |   |
| Corporate banking                                        | $ | 65,661 |  |   | $ | 90,579 |  |
| Middle market commercial real estate                     | 40,152 |  |   | 71,398 |  |
| Santander real estate capital                            | 4,983 |  |   | 5,803 |  |
| Commercial and industrial                                | 63,138 |  |   | 54,567 |  |
| Multi-family                                             | 1,459 |  |   | 9,639 |  |
| Other commercial                                         | 3,349 |  |   | 4,136 |  |
| Total commercial loans                                   | 178,742 |  |   | 236,122 |  |
| Consumer:                                                |   |   |   |
| Residential mortgages                                    | 197,605 |  |   | 231,316 |  |
| Home equity loans and lines of credit                    | 132,926 |  |   | 142,026 |  |
| Retail installment contracts and auto loans - originated | 356,750 |  |   | 227,132 |  |
| Retail installment contracts and auto loans - purchased  | 510,085 |  |   | 755,590 |  |
| Personal unsecured loans                                 | 9,605 |  |   | 14,007 |  |
| Other consumer                                           | 26,354 |  |   | 22,095 |  |
| Total consumer loans                                     | 1,233,325 |  |   | 1,392,166 |  |
| Total non-accrual loans                                  | 1,412,067 |  |   | 1,628,288 |  |
|                                                     |   |   |   |
| Other real estate owned ("OREO")                         | 37,840 |  |   | 65,051 |  |
| Repossessed vehicles                                     | 131,576 |  |   | 126,309 |  |
| Other repossessed assets                                 | 78 |  |   | 11,375 |  |
| Total OREO and other repossessed assets                  | 169,494 |  |   | 202,735 |  |
| Total non-performing assets                              | $ | 1,581,561 |  |   | $ | 1,831,023 |  |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | As of June 30, 2015 |
|                                                          |   | 30-89Days PastDue |   | GreaterThan 90Days |   | TotalPast Due |   | Current |   | TotalFinancingReceivables(1) |   | Recorded Investment> 90 DaysandAccruing |
|                                                     |   |   |
|                                                     | (in thousands) |
| Commercial:                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate banking                                        |   | $ | 25,226 |  |   | $ | 26,424 |  |   | $ | 51,650 |  |   | $ | 3,023,853 |  |   | $ | 3,075,503 |  |   | $ | — |  |
| Middle market commercial real estate                     |   | 7,425 |  |   | 22,409 |  |   | 29,834 |  |   | 4,099,751 |  |   | 4,129,585 |  |   | — |  |
| Santander real estate capital                            |   | — |  |   | 2,092 |  |   | 2,092 |  |   | 1,631,887 |  |   | 1,633,979 |  |   | — |  |
| Commercial and industrial                                |   | 30,515 |  |   | 25,109 |  |   | 55,624 |  |   | 19,437,663 |  |   | 19,493,287 |  |   | — |  |
| Multi-family                                             |   | 975 |  |   | 703 |  |   | 1,678 |  |   | 8,388,007 |  |   | 8,389,685 |  |   | — |  |
| Other commercial                                         |   | 8,455 |  |   | 2,082 |  |   | 10,537 |  |   | 2,269,335 |  |   | 2,279,872 |  |   | — |  |
| Consumer:                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgages                                    |   | 138,107 |  |   | 165,684 |  |   | 303,791 |  |   | 6,488,201 |  |   | 6,791,992 |  |   | — |  |
| Home equity loans and lines of credit                    |   | 31,067 |  |   | 84,219 |  |   | 115,286 |  |   | 6,045,043 |  |   | 6,160,329 |  |   | — |  |
| Retail installment contracts and auto loans - originated |   | 1,253,968 |  |   | 94,143 |  |   | 1,348,111 |  |   | 15,119,145 |  |   | 16,467,256 |  |   |  |  |
| Retail installment contracts and auto loans - purchased  |   | 1,610,916 |  |   | 127,944 |  |   | 1,738,860 |  |   | 7,085,098 |  |   | 8,823,958 |  |   | — |  |
| Personal unsecured loans                                 |   | 106,217 |  |   | 117,712 |  |   | 223,929 |  |   | 2,647,226 |  |   | 2,871,155 |  |   | 104,590 |  |
| Other consumer                                           |   | 41,057 |  |   | 37,021 |  |   | 78,078 |  |   | 1,080,599 |  |   | 1,158,677 |  |   | — |  |
| Total                                                    |   | $ | 3,253,928 |  |   | $ | 705,542 |  |   | $ | 3,959,470 |  |   | $ | 77,315,808 |  |   | $ | 81,275,278 |  |   | $ | 104,590 |  |

|     |                                     |
|-----|-------------------------------------|
| (1) | Financing receivables include LHFS. |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | As of December 31, 2014 |
|                                                          |   | 30-89Days PastDue |   | GreaterThan 90Days |   | TotalPast Due |   | Current |   | TotalFinancingReceivables(1) |   | RecordedInvestment> 90 DaysandAccruing |
|                                                     |   |   |
|                                                     | (in thousands) |
| Commercial:                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate banking                                        |   | $ | 18,363 |  |   | $ | 37,708 |  |   | $ | 56,071 |  |   | $ | 3,162,079 |  |   | $ | 3,218,150 |  |   | $ | — |  |
| Middle market commercial real estate                     |   | 3,179 |  |   | 33,604 |  |   | 36,783 |  |   | 3,706,316 |  |   | 3,743,099 |  |   | — |  |
| Santander real estate capital                            |   | 4,329 |  |   | 2,115 |  |   | 6,444 |  |   | 1,771,540 |  |   | 1,777,984 |  |   | — |  |
| Commercial and industrial                                |   | 26,778 |  |   | 23,434 |  |   | 50,212 |  |   | 17,061,710 |  |   | 17,111,922 |  |   | — |  |
| Multi-family                                             |   | 13,810 |  |   | 5,512 |  |   | 19,322 |  |   | 8,686,568 |  |   | 8,705,890 |  |   | — |  |
| Other commercial                                         |   | 5,054 |  |   | 1,245 |  |   | 6,299 |  |   | 2,077,933 |  |   | 2,084,232 |  |   | — |  |
| Consumer:                                                |   |  |   |  |   | 0 |   |  |   |  |   |   |
| Residential mortgages                                    |   | 165,270 |  |   | 200,818 |  |   | 366,088 |  |   | 6,603,221 |  |   | 6,969,309 |  |   | — |  |
| Home equity loans and lines of credit                    |   | 36,074 |  |   | 86,749 |  |   | 122,823 |  |   | 6,088,475 |  |   | 6,211,298 |  |   | — |  |
| Retail installment contracts and auto loans - originated |   | 811,912 |  |   | 65,703 |  |   | 877,615 |  |   | 9,103,311 |  |   | 9,980,926 |  |   | — |  |
| Retail installment contracts and auto loans - purchased  |   | 2,317,941 |  |   | 202,889 |  |   | 2,520,830 |  |   | 9,928,697 |  |   | 12,449,527 |  |   |   |
| Personal unsecured loans                                 |   | 92,905 |  |   | 111,917 |  |   | 204,822 |  |   | 2,491,998 |  |   | 2,696,820 |  |   | 93,152 |  |
| Other consumer                                           |   | 56,708 |  |   | 31,745 |  |   | 88,453 |  |   | 1,218,109 |  |   | 1,306,562 |  |   | — |  |
| Total                                                    |   | $ | 3,552,323 |  |   | $ | 803,439 |  |   | $ | 4,355,762 |  |   | $ | 71,899,957 |  |   | $ | 76,255,719 |  |   | $ | 93,152 |  |

|     |                                                             |
|-----|-------------------------------------------------------------|
| (1) | Financing receivables include LHFS.     |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     |   | June 30, 2015 |
|                                                     |   | Recorded Investment(1) |   | UnpaidPrincipalBalance |   | RelatedSpecificReserves |   | AverageRecordedInvestment |
|                                                     |   |   |
|                                                     |   | (in thousands) |
| With no related allowance recorded:                      |   |   |   |   |   |   |   |   |
| Commercial:                                              |   |   |   |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |   |   |   |
| Corporate banking                                        |   | $ | 35,389 |  |   | $ | 38,240 |  |   | $ | — |  |   | $ | 36,562 |  |
| Middle market commercial real estate                     |   | 106,324 |  |   | 151,272 |  |   | — |  |   | 117,058 |  |
| Santander real estate capital                            |   | 2,891 |  |   | 2,891 |  |   | — |  |   | 2,937 |  |
| Commercial and industrial                                |   | 2,787 |  |   | 4,371 |  |   | — |  |   | 5,356 |  |
| Multi-family                                             |   | 4,567 |  |   | 5,606 |  |   | — |  |   | 13,530 |  |
| Other commercial                                         |   | — |  |   | — |  |   | — |  |   | 44 |  |
| Consumer:                                                |   |   |   |   |   |   |   |   |
| Residential mortgages                                    |   | 20,375 |  |   | 20,375 |  |   | — |  |   | 21,892 |  |
| Home equity loans and lines of credit                    |   | 24,086 |  |   | 24,086 |  |   | — |  |   | 25,658 |  |
| Retail installment contracts and auto loans - originated |   | — |  |   | — |  |   | — |  |   | — |  |
| Retail installment contracts and auto loans - purchased  |   | 137,965 |  |   | 176,089 |  |   | — |  |   | 962,545 |  |
| Personal unsecured loans                                 |   | 98 |  |   | 98 |  |   | — |  |   | 345 |  |
| Other consumer                                           |   | 10,819 |  |   | 13,072 |  |   | — |  |   | 8,210 |  |
| With an allowance recorded:                              |   |   |   |   |   |   |   |   |
| Commercial:                                              |   |   |   |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |   |   |   |
| Corporate banking                                        |   | 38,218 |  |   | 46,870 |  |   | 11,805 |  |   | 49,084 |  |
| Middle market commercial real estate                     |   | 37,953 |  |   | 43,874 |  |   | 10,878 |  |   | 49,026 |  |
| Santander real estate capital                            |   | 2,092 |  |   | 3,324 |  |   | 315 |  |   | 2,985 |  |
| Commercial and industrial                                |   | 84,590 |  |   | 95,855 |  |   | 36,560 |  |   | 74,388 |  |
| Multi-family                                             |   | 444 |  |   | 449 |  |   | 87 |  |   | 3,212 |  |
| Other commercial                                         |   | 1,269 |  |   | 1,385 |  |   | 494 |  |   | 1,601 |  |
| Consumer:                                                |   |   |   |   |   |   |   |   |
| Residential mortgages                                    |   | 138,705 |  |   | 163,399 |  |   | 29,058 |  |   | 134,759 |  |
| Home equity loans and lines of credit                    |   | 63,190 |  |   | 73,527 |  |   | 4,967 |  |   | 61,661 |  |
| Retail installment contracts and auto loans - originated |   | 535,103 |  |   | 550,730 |  |   | 174,682 |  |   | 295,808 |  |
| Retail installment contracts and auto loans - purchased  |   | 2,813,914 |  |   | 3,180,176 |  |   | 374,551 |  |   | 1,406,957 |  |
|   Personal unsecured loans                     |   | 18,994 |  |   | 19,301 |  |   | 7,446 |  |   | 17,735 |  |
|   Other consumer                               |   | 16,208 |  |   | 22,284 |  |   | 3,896 |  |   | 16,252 |  |
| Total:                                                   |   |   |   |   |   |   |   |   |
| Commercial                                               |   | $ | 316,524 |  |   | $ | 394,137 |  |   | $ | 60,139 |  |   | $ | 355,783 |  |
| Consumer                                                 |   | 3,779,457 |  |   | 4,243,136 |  |   | 594,600 |  |   | 2,951,822 |  |
| Total                                                    |   | $ | 4,095,981 |  |   | $ | 4,637,273 |  |   | $ | 654,739 |  |   | $ | 3,307,605 |  |

|     |                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Recorded investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     |   | December 31, 2014 |
|                                                     |   | Recorded Investment(1) |   | UnpaidPrincipalBalance |   | RelatedSpecificReserves |   | AverageRecordedInvestment |
|                                                     |   |   |
|                                                     |   | (in thousands) |
| With no related allowance recorded:                      |   |   |   |   |   |   |   |   |
| Commercial:                                              |   |   |   |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |   |   |   |
|  Corporate banking                                  |   | $ | 37,735 |  |   | $ | 40,453 |  |   | $ | — |  |   | $ | 40,610 |  |
|  Middle market commercial real estate               |   | 127,792 |  |   | 172,766 |  |   | — |  |   | 114,465 |  |
|  Santander real estate capital                      |   | 2,982 |  |   | 2,982 |  |   | — |  |   | 1,867 |  |
| Commercial and industrial                                |   | 7,925 |  |   | 17,732 |  |   | — |  |   | 10,529 |  |
| Multi-family                                             |   | 22,492 |  |   | 22,492 |  |   | — |  |   | 24,762 |  |
| Other commercial                                         |   | 88 |  |   | 88 |  |   | — |  |   | 44 |  |
| Consumer:                                                |   |   |   |   |   |   |   |   |
| Residential mortgages                                    |   | 23,408 |  |   | 23,408 |  |   | — |  |   | 57,776 |  |
| Home equity loans and lines of credit                    |   | 27,230 |  |   | 27,230 |  |   | — |  |   | 29,152 |  |
| Retail installment contracts and auto loans - originated |   | — |  |   | — |  |   | — |  |   | — |  |
| Retail installment contracts and auto loans - purchased  |   | 1,787,124 |  |   | 2,040,785 |  |   | — |  |   | 893,563 |  |
| Personal unsecured loans                                 |   | 592 |  |   | 592 |  |   | — |  |   | 296 |  |
| Other consumer                                           |   | 5,600 |  |   | 5,600 |  |   | — |  |   | 6,973 |  |
| With an allowance recorded:                              |   |   |   |   |   |   |   |   |
| Commercial:                                              |   |   |   |   |   |   |   |   |
|  Corporate banking                                  |   | 59,950 |  |   | 66,328 |  |   | 25,322 |  |   | 56,856 |  |
|  Middle market commercial real estate               |   | 60,098 |  |   | 66,024 |  |   | 17,004 |  |   | 89,472 |  |
|  Santander real estate capital                      |   | 3,878 |  |   | 6,356 |  |   | 364 |  |   | 6,630 |  |
| Commercial and industrial                                |   | 64,183 |  |   | 72,488 |  |   | 35,848 |  |   | 82,204 |  |
| Multi-family                                             |   | 5,979 |  |   | 7,076 |  |   | 1,475 |  |   | 8,699 |  |
| Other commercial                                         |   | 1,932 |  |   | 1,995 |  |   | 688 |  |   | 1,055 |  |
| Consumer:                                                |   |   |   |   |   |   |   |   |
| Residential mortgages                                    |   | 130,813 |  |   | 156,669 |  |   | 23,628 |  |   | 339,071 |  |
| Home equity loans and lines of credit                    |   | 60,132 |  |   | 69,374 |  |   | 5,002 |  |   | 57,516 |  |
| Retail installment contracts and auto loans - originated |   | 56,513 |  |   | 58,229 |  |   | 16,997 |  |   | 28,258 |  |
| Retail installment contracts and auto loans - purchased  |   | — |  |   | — |  |   | — |  |   | — |  |
| Personal unsecured loans                                 |   | 16,476 |  |   | 16,815 |  |   | 6,508 |  |   | 9,506 |  |
| Other consumer                                           |   | 16,295 |  |   | 22,812 |  |   | 3,264 |  |   | 16,889 |  |
| Total:                                                   |   |   |   |   |   |   |   |   |
| Commercial                                               |   | $ | 395,034 |  |   | $ | 476,780 |  |   | $ | 80,701 |  |   | $ | 437,193 |  |
| Consumer                                                 |   | 2,124,183 |  |   | 2,421,514 |  |   | 55,399 |  |   | 1,439,000 |  |
| Total                                                    |   | $ | 2,519,217 |  |   | $ | 2,898,294 |  |   | $ | 136,100 |  |   | $ | 1,876,193 |  |

|     |                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Recorded investment includes deferred loan fees, net of deferred origination costs and unamortized purchase premiums, net of discounts as well as purchase accounting adjustments. |

----

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   |   | Commercial Real Estate |   |   |   |   |   |   |   |   |
| June 30, 2015     |   | Corporatebanking |   | Middlemarketcommercialreal estate |   | Santanderreal estatecapital |   | Commercial and industrial |   | Multi-family |   | Remainingcommercial |   | Total(1) |
|                   |   |   |
|                   |   | (in thousands) |
| Regulatory Rating:     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pass                   |   | $ | 2,762,982 |  |   | $ | 3,883,108 |  |   | $ | 1,454,185 |  |   | $ | 18,709,256 |  |   | $ | 8,200,059 |  |   | $ | 2,255,026 |  |   | $ | 37,264,616 |  |
| Special Mention        |   | 93,856 |  |   | 67,801 |  |   | 122,346 |  |   | 402,148 |  |   | 153,400 |  |   | 14,420 |  |   | 853,971 |  |
| Substandard            |   | 205,509 |  |   | 154,604 |  |   | 55,362 |  |   | 354,190 |  |   | 35,784 |  |   | 10,050 |  |   | 815,499 |  |
| Doubtful               |   | 13,156 |  |   | 24,072 |  |   | 2,086 |  |   | 27,693 |  |   | 442 |  |   | 376 |  |   | 67,825 |  |
| Total commercial loans |   | $ | 3,075,503 |  |   | $ | 4,129,585 |  |   | $ | 1,633,979 |  |   | $ | 19,493,287 |  |   | $ | 8,389,685 |  |   | $ | 2,279,872 |  |   | $ | 39,001,911 |  |

|     |                                     |
|-----|-------------------------------------|
| (1) | Financing receivables include LHFS. |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   |   | Commercial Real Estate |   |   |   |   |   |   |   |   |
| December 31, 2014 |   | Corporatebanking |   | Middlemarketcommercialreal estate |   | Santanderreal estatecapital |   | Commercial and industrial |   | Multi-family |   | Remainingcommercial |   | Total(1) |
|                   |   |   |
|                   |   | (in thousands) |
| Regulatory Rating:     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pass                   |   | $ | 2,910,957 |  |   | $ | 3,472,448 |  |   | $ | 1,564,983 |  |   | $ | 16,495,836 |  |   | $ | 8,533,427 |  |   | $ | 2,064,947 |  |   | $ | 35,042,598 |  |
| Special Mention        |   | 83,122 |  |   | 61,166 |  |   | 133,950 |  |   | 237,331 |  |   | 131,677 |  |   | 8,475 |  |   | 655,721 |  |
| Substandard            |   | 192,911 |  |   | 174,882 |  |   | 76,232 |  |   | 358,782 |  |   | 40,355 |  |   | 10,311 |  |   | 853,473 |  |
| Doubtful               |   | 31,160 |  |   | 34,603 |  |   | 2,819 |  |   | 19,973 |  |   | 431 |  |   | 499 |  |   | 89,485 |  |
| Total commercial loans |   | $ | 3,218,150 |  |   | $ | 3,743,099 |  |  | $ | 1,777,984 |  |  | $ | 17,111,922 |  |  | $ | 8,705,890 |  |  | $ | 2,084,232 |  |   | $ | 36,641,277 |  |

|     |                                     |
|-----|-------------------------------------|
| (1) | Financing receivables include LHFS. |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| June 30, 2015    |   |   |   |   |   |   |   |   |
| Credit Score Range(2) |   | Retail installment contracts and auto loans(3) |   | Percent |   | Personal unsecured loans balance |   | Percent |
|                  |   |   |
|                  |   | (dollars in thousands) |
| <600               |   | $ | 12,853,162 |  |   | 50.8 | % |   | $ | 481,925 |  |   | 16.8 | % |
| 600-639               |   | 4,066,201 |  |   | 16.1 | % |   | 468,781 |  |   | 16.3 | % |
| 640-679               |   | 2,915,764 |  |   | 11.5 | % |   | 1,239,861 |  |   | 43.2 | % |
| N/A(1)                |   | 5,456,087 |  |   | 21.6 | % |   | 680,588 |  |   | 23.7 | % |
| Total                 |   | $ | 25,291,214 |  |   | 100.0 | % |   | $ | 2,871,155 |  |   | 100.0 | % |

|     |                                                                                           |
|-----|-------------------------------------------------------------------------------------------|
| (1) | Consists primarily of loans for which credit scores are not considered in the ALLL model. |

|     |                                  |
|-----|----------------------------------|
| (2) | Credit scores updated quarterly. |

|     |                |
|-----|----------------|
| (3) | Includes LHFS. |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| December 31, 2014 |   |   |   |   |   |   |   |   |
| Credit Score Range(2)  |   | Retail installment contracts and auto loans(3) |   | Percent |   | Personal unsecured loans balance |   | Percent |
|                   |   |   |
|                   |   | (dollars in thousands) |
| <600                |   | $ | 11,669,878 |  |   | 52.0 | % |   | $ | 491,984 |  |   | 18.2 | % |
| 600-639                |   | 4,046,452 |  |   | 18.0 | % |   | 446,995 |  |   | 16.6 | % |
| 640-679                |   | 4,046,452 |  |   | 18.0 | % |   | 1,163,203 |  |   | 43.1 | % |
| 680-719                |   | — |  |   | — | % |   | 64,610 |  |   | 2.4 | % |
| 720-759                |   | — |  |   | — | % |   | 72,235 |  |   | 2.7 | % |
| >=760               |   | — |  |   | — | % |   | 78,234 |  |   | 2.9 | % |
| N/A(1)                 |   | 2,667,671 |  |   | 12.0 | % |   | 379,559 |  |   | 14.1 | % |
| Total                  |   | $ | 22,430,453 |  |   | 100.0 | % |   | $ | 2,696,820 |  |   | 100.0 | % |

|     |                                                                                           |
|-----|-------------------------------------------------------------------------------------------|
| (1) | Consists primarily of loans for which credit scores are not considered in the ALLL model. |

|     |                                  |
|-----|----------------------------------|
| (2) | Credit scores updated quarterly. |

|     |                |
|-----|----------------|
| (3) | Includes LHFS. |

----

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|          |   | Residential Mortgages |
| June 30, 2015 |   | N/A |   | LTV<=70% |   | 70.01-80% |   | 80.01-90% |   | 90.01-100% |   | 100.01-110% |   | LTV>110% |   | Grand Total |
|          |   | (dollars in thousands) |
| N/A           |   | $ | 619,630 |  |   | $ | 11,719 |  |   | $ | 631 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 631,980 |  |
| <600       |   | 137 |  |   | 237,182 |  |   | 82,860 |  |   | 35,610 |  |   | 17,865 |  |   | 11,683 |  |   | 14,151 |  |   | 399,488 |  |
| 600-639       |   | 1 |  |   | 161,070 |  |   | 50,003 |  |   | 28,077 |  |   | 15,674 |  |   | 7,980 |  |   | 9,199 |  |   | 272,004 |  |
| 640-679       |   | 243 |  |   | 254,811 |  |   | 88,402 |  |   | 39,717 |  |   | 28,994 |  |   | 10,258 |  |   | 16,622 |  |   | 439,047 |  |
| 680-719       |   | 48 |  |   | 466,758 |  |   | 185,590 |  |   | 65,057 |  |   | 44,445 |  |   | 12,188 |  |   | 29,810 |  |   | 803,896 |  |
| 720-759       |   | 342 |  |   | 691,596 |  |   | 321,403 |  |   | 80,412 |  |   | 50,779 |  |   | 15,771 |  |   | 26,807 |  |   | 1,187,110 |  |
| >=760      |   | 87 |  |   | 2,055,248 |  |   | 750,750 |  |   | 131,467 |  |   | 68,150 |  |   | 24,037 |  |   | 28,728 |  |   | 3,058,467 |  |
| Grand Total   |   | $ | 620,488 |  |   | $ | 3,878,384 |  |   | $ | 1,479,639 |  |   | $ | 380,340 |  |   | $ | 225,907 |  |   | $ | 81,917 |  |   | $ | 125,317 |  |   | $ | 6,791,992 |  |

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|          |   | Home Equity Loans and Lines of Credit |
| June 30, 2015 |   | N/A |   | LTV<=70% |   | 70.01-90% |   | 90.01-110% |   | LTV>110% |   | Grand Total |
|          |   | (dollars in thousands) |
| N/A           |   | $ | 202,893 |  |   | $ | 1,221 |  |   | $ | 252 |  |   | $ | — |  |   | $ | — |  |   | $ | 204,366 |  |
| <600       |   | 14,045 |  |   | 148,816 |  |   | 84,063 |  |   | 25,500 |  |   | 23,446 |  |   | 295,870 |  |
| 600-639       |   | 8,706 |  |   | 142,958 |  |   | 85,387 |  |   | 22,383 |  |   | 16,711 |  |   | 276,145 |  |
| 640-679       |   | 11,746 |  |   | 250,885 |  |   | 174,651 |  |   | 39,317 |  |   | 28,918 |  |   | 505,517 |  |
| 680-719       |   | 14,864 |  |   | 435,088 |  |   | 312,302 |  |   | 54,327 |  |   | 32,854 |  |   | 849,435 |  |
| 720-759       |   | 13,558 |  |   | 619,147 |  |   | 430,480 |  |   | 79,189 |  |   | 48,342 |  |   | 1,190,716 |  |
| >=760      |   | 30,142 |  |   | 1,584,597 |  |   | 1,000,983 |  |   | 141,160 |  |   | 81,398 |  |   | 2,838,280 |  |
| Grand Total   |   | $ | 295,954 |  |   | $ | 3,182,712 |  |   | $ | 2,088,118 |  |   | $ | 361,876 |  |   | $ | 231,669 |  |   | $ | 6,160,329 |  |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   | Residential Mortgages |
| December 31, 2014 |   | N/A |   | LTV<=70% |   | 70.01-80% |   | 80.01-90% |   | 90.01-100% |   | 100.01-110% |   | LTV>110% |   | Grand Total |
|              |   | (dollars in thousands) |
| N/A               |   | $ | 437,215 |  |   | $ | 14,801 |  |   | $ | 643 |  |   | $ | 8,676 |  |   | $ | 14,934 |  |   | $ | — |  |   | $ | — |  |   | $ | 476,269 |  |
| <600           |   | 94 |  |   | 279,197 |  |   | 91,037 |  |   | 41,341 |  |   | 17,271 |  |   | 15,017 |  |   | 16,327 |  |   | 460,284 |  |
| 600-639           |   | 200 |  |   | 154,557 |  |   | 50,238 |  |   | 25,861 |  |   | 13,218 |  |   | 6,337 |  |   | 13,446 |  |   | 263,857 |  |
| 640-679           |   | — |  |   | 303,319 |  |   | 87,055 |  |   | 40,863 |  |   | 26,618 |  |   | 11,456 |  |   | 19,530 |  |   | 488,841 |  |
| 680-719           |   | 25 |  |   | 528,979 |  |   | 161,023 |  |   | 66,898 |  |   | 40,456 |  |   | 11,503 |  |   | 34,473 |  |   | 843,357 |  |
| 720-759           |   | 314 |  |   | 758,315 |  |   | 271,983 |  |   | 80,077 |  |   | 42,872 |  |   | 16,344 |  |   | 39,927 |  |   | 1,209,832 |  |
| >=760          |   | 124 |  |   | 2,328,907 |  |   | 633,004 |  |   | 132,640 |  |   | 60,434 |  |   | 29,738 |  |   | 42,022 |  |   | 3,226,869 |  |
| Grand Total       |   | $ | 437,972 |  |   | $ | 4,368,075 |  |   | $ | 1,294,983 |  |   | $ | 396,356 |  |   | $ | 215,803 |  |   | $ | 90,395 |  |   | $ | 165,725 |  |   | $ | 6,969,309 |  |

----

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   | Home Equity Loans and Lines of Credit |
| December 31, 2014 |   | N/A |   | LTV<=70% |   | 70.01-90% |   | 90.01-110% |   | LTV>110% |   | Grand Total |
|              |   | (dollars in thousands) |
| N/A               |   | $ | 217,607 |  |   | $ | 2,265 |  |   | $ | 863 |  |   | $ | 336 |  |   | $ | 148 |  |   | $ | 221,219 |  |
| <600           |   | 13,543 |  |   | 158,712 |  |   | 69,381 |  |   | 24,069 |  |   | 20,989 |  |   | 286,694 |  |
| 600-639           |   | 9,748 |  |   | 154,887 |  |   | 76,431 |  |   | 23,410 |  |   | 14,118 |  |   | 278,594 |  |
| 640-679           |   | 14,717 |  |   | 279,397 |  |   | 157,214 |  |   | 38,057 |  |   | 25,117 |  |   | 514,502 |  |
| 680-719           |   | 15,984 |  |   | 488,982 |  |   | 272,083 |  |   | 56,560 |  |   | 33,714 |  |   | 867,323 |  |
| 720-759           |   | 15,643 |  |   | 672,971 |  |   | 381,828 |  |   | 64,993 |  |   | 45,810 |  |   | 1,181,245 |  |
| >=760          |   | 36,962 |  |   | 1,736,574 |  |   | 885,774 |  |   | 125,773 |  |   | 76,638 |  |   | 2,861,721 |  |
| Grand Total       |   | $ | 324,204 |  |   | $ | 3,493,788 |  |   | $ | 1,843,574 |  |   | $ | 333,198 |  |   | $ | 216,534 |  |   | $ | 6,211,298 |  |

|                |
|----------------|
|                |  |  |  |  |  |  |  |
|           | June 30, 2015 |   | December 31, 2014 |
|           |   |
|           | (in thousands) |
| Performing     | $ | 3,520,835 |  |   | $ | 2,041,653 |  |
| Non-performing | 487,046 |  |   | 343,522 |  |
| Total          | $ | 4,007,881 |  |   | $ | 2,385,175 |  |

----

----

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |
|                                                           | Three-Month Period Ended June 30, 2015 |
|                                                           | Number ofContracts |   | Pre-ModificationOutstanding RecordedInvestment(1) |   | Post-ModificationOutstanding RecordedInvestment(2) |
|                                                           |   |
|                                                           | (dollars in thousands) |
| Commercial:                                                    |   |
| Commercial real estate:                                        |   |   |   |   |   |
|  Corporate Banking                                        | 10 |  |   | $ | 10,225 |  |   | $ | 11,788 |  |
| Commercial and industrial                                      | 127 |  |   | 4,251 |  |   | 4,251 |  |
| Consumer:                                                      |   |   |   |   |   |
| Residential mortgages(3)                                       | 43 |  |   | 6,305 |  |   | 7,149 |  |
|  Home equity loans and lines of credit                    | 22 |  |   | 1,023 |  |   | 1,617 |  |
|  Retail installment contracts and auto loans - originated | 19,495 |  |   | 371,937 |  |   | 371,830 |  |
|  Retail installment contracts and auto loans - purchased  | 51,049 |  |   | 700,250 |  |   | 698,541 |  |
|  Personal unsecured loans                                 | 4,691 |  |   | 5,486 |  |   | 5,459 |  |
|  Other consumer                                           | 2 |  |   | 211 |  |   | 244 |  |
| Total                                                          | 75,439 |  |   | $ | 1,099,688 |  |   | $ | 1,100,879 |  |
|                                                           |   |   |   |   |   |
|                                                           | Six-Month Period Ended June 30, 2015 |
|                                                           | Number ofContracts |   | Pre-ModificationOutstanding RecordedInvestment(1) |   | Post-ModificationOutstanding RecordedInvestment(2) |
|                                                           |   |
|                                                           | (dollars in thousands) |
| Commercial:                                                    |   |   |   |   |   |
| Commercial real estate:                                        |   |   |   |   |   |
|  Corporate Banking                                        | 12 |  |   | $ | 11,673 |  |   | $ | 13,227 |  |
|  Middle market commercial real estate                     | 1 |  |   | 14,439 |  |   | 14,439 |  |
| Commercial and industrial                                      | 208 |  |   | 15,123 |  |   | 12,410 |  |
| Consumer:                                                      |   |   |   |   |   |
| Residential mortgages(3)                                       | 89 |  |   | 14,171 |  |   | 14,737 |  |
|  Home equity loans and lines of credit                    | 61 |  |   | 4,694 |  |   | 5,288 |  |
|  Retail installment contracts and auto loans - originated | 26,526 |  |   | 509,687 |  |   | 509,509 |  |
|  Retail installment contracts and auto loans - purchased  | 119,507 |  |   | 1,674,182 |  |   | 1,670,284 |  |
|  Personal unsecured loans                                 | 9,159 |  |   | 10,880 |  |   | 10,815 |  |
|  Other consumer                                           | 17 |  |   | 1,131 |  |   | 1,156 |  |
| Total                                                          | 155,580 |  |   | $ | 2,255,980 |  |   | $ | 2,251,865 |  |

|     |                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------|
| (1) | Pre-modification outstanding recorded investment amount is the month-end balance prior to the month the modification occurred. |

|     |                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------|
| (2) | Post-modification outstanding recorded investment amount is the month-end balance for the month that the modification occurred. |

|     |                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------|
| (3) | The post-modification outstanding recorded investment amounts for residential mortgages exclude interest reserves. |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |
|                                                     | Three-Month Period Ended June 30, 2014 |
|                                                     | Number of Contracts |   | Pre-ModificationOutstanding RecordedInvestment(1) |   | Post-ModificationOutstanding RecordedInvestment(2) |
|                                                     |   |
|                                                     | (dollars in thousands) |
| Commercial:                                              |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |
| Corporate banking                                        | 7 |  |   | $ | 30,961 |  |   | $ | 30,328 |  |
| Middle markets commercial real estate                    | 3 |  |   | 9,939 |  |   | 6,828 |  |
| Commercial and industrial                                | 6 |  |   | 153 |  |   | 153 |  |
| Other commercial                                         | 2 |  |   | 549 |  |   | 527 |  |
| Consumer:                                                |   |   |   |   |   |
| Residential mortgages(3)                                 | 78 |  |   | 10,922 |  |   | 11,396 |  |
| Home equity loans and lines of credit                    | 28 |  |   | 2,893 |  |   | 2,893 |  |
| Retail installment contracts and auto loans - originated | 26 |  |   | 542 |  |   | 539 |  |
| Retail installment contracts and auto loans - purchased  | 14,738 |  |   | 181,856 |  |   | 178,696 |  |
| Personal unsecured loans                                 | 4,889 |  |   | 5,334 |  |   | 5,145 |  |
| Other consumer                                           | 4 |  |   | 371 |  |   | 371 |  |
| Total                                                    | 19,781 |  |   | $ | 243,520 |  |   | $ | 236,876 |  |
|                                                     |   |   |   |   |   |
|                                                     |   |   |   |   |   |
|                                                     | Six-Month Period Ended June 30, 2014 |
|                                                          | Number of Contracts |   | Pre-ModificationOutstanding RecordedInvestment(1) |   | Post-ModificationOutstanding RecordedInvestment(2) |
|                                                     |   |
|                                                     | (dollars in thousands) |
| Commercial:                                              |   |   |   |   |   |
| Commercial real estate:                                  |   |   |   |   |   |
| Corporate banking                                        | 21 |  |   | $ | 53,278 |  |   | $ | 52,041 |  |
| Middle markets commercial real estate                    | 3 |  |   | 9,939 |  |   | 6,828 |  |
| Commercial and industrial                                | 9 |  |   | 219 |  |   | 219 |  |
| Other commercial                                         | 3 |  |   | 1,046 |  |   | 1,027 |  |
| Consumer:                                                |   |   |   |   |   |
| Residential mortgages                                    | 157 |  |   | 28,733 |  |   | 29,066 |  |
| Home equity loans and lines of credit                    | 54 |  |   | 5,178 |  |   | 5,178 |  |
| Retail installment contracts and auto loans - originated | 28 |  |   | 596 |  |   | 592 |  |
| Retail installment contracts and auto loans - purchased  | 25,084 |  |   | 284,673 |  |   | 279,599 |  |
| Personal unsecured loans                                 | 4,889 |  |   | 5,334 |  |   | 5,145 |  |
| Other consumer                                           | 5 |  |   | 412 |  |   | 413 |  |
| Total                                                    | 30,253 |  |   | $ | 389,408 |  |   | $ | 380,108 |  |

|     |                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------|
| (1) | Pre-modification outstanding recorded investment amount is the month-end balance prior to the month the modification occurred. |

|     |                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------|
| (2) | Post-modification outstanding recorded investment amount is the month-end balance for the month that the modification occurred. |

|     |                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------|
| (3) | The post-modification outstanding recorded investment amounts for residential mortgages exclude interest reserves. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                        | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                        | Number ofContracts |   | Recorded Investment(1) |   | Number ofContracts |   | Recorded Investment(1) |   | Number ofContracts |   | Recorded Investment(1) |   | Number ofContracts |   | Recorded Investment(1) |
|                                        |   |
|                                        | (dollars in thousands) |
| Commercial                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial                   | 12 |  |   | $ | 410 |  |   | — |  |   | $ | — |  |   | 22 |  |   | $ | 686 |  |   | — |  |   | $ | — |  |
| Consumer:                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgages                       | 5 |  |   | 890 |  |   | 9 |  |   | 779 |  |   | 13 |  |   | 1,820 |  |   | 21 |  |   | 2,694 |  |
| Home equity loans and lines of credit       | 6 |  |   | 674 |  |   | 2 |  |   | 312 |  |   | 11 |  |   | 937 |  |   | 2 |  |   | 312 |  |
| Retail installment contracts and auto loans | 12,143 |  |   | 184,270 |  |   | 450 |  |   | 5,064 |  |   | 21,836 |  |   | 326,804 |  |   | 490 |  |   | 5,368 |  |
| Unsecured loans                             | 1,174 |  |   | 1,259 |  |   | 269 |  |   | 277 |  |   | 2,551 |  |   | 2,670 |  |   | 269 |  |   | 277 |  |
| Other consumer                              | — |  |   | — |  |   | 1 |  |   | 27 |  |   | 2 |  |   | 244 |  |   | 1 |  |   | 27 |  |
| Total                                       | 13,340 |  |   | $ | 187,503 |  |   | 731 |  |   | $ | 6,459 |  |   | 24,435 |  |   | $ | 333,161 |  |   | 783 |  |   | $ | 8,678 |  |

|     |                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The recorded investment represents the period-end balance at June 30, 2015 and 2014. Does not include Chapter 7 bankruptcy TDRs. |

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |
|                             |   | June 30, 2015 |   | December 31, 2014 |
|                             |   |   |
|                             |   | (in thousands) |
| Leased vehicles                  |   | $ | 9,443,022 |  |   | $ | 8,255,912 |  |
| Origination fees and other costs |   | 28,619 |  |   | 20,628 |  |
| Manufacturer subvention payments |   | (924,550 | ) |   | (834,669 | ) |
|                             |   | 8,547,091 |  |   | 7,441,871 |  |
| Less: accumulated depreciation   |   | (1,249,072 | ) |   | (817,901 | ) |
| Total Leased Vehicles, net       |   | $ | 7,298,019 |  |   | $ | 6,623,970 |  |

----

|                   |
|-------------------|
|                   |  |  |  |  |
|              |   |   |
| Remainder of 2015 |   | $ | 644,384 |  |
| 2016              |   | 1,165,375 |  |
| 2017              |   | 664,791 |  |
| 2018              |   | 134,649 |  |
| 2019              |   | 426 |  |
| Thereafter        |   | 33 |  |
| Total             |   | $ | 2,609,658 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |
|                      |   | June 30, 2015 |   | December 31, 2014 |
|                      |   |   |   |   |
|                      |   | (in thousands) |
| Assets                    |   |   |   |   |
| Restricted cash           |   | $ | 1,977,229 |  |   | $ | 1,626,257 |  |
| Loans(1)                  |   | 23,537,043 |  |   | 20,557,168 |  |
| Leased vehicles, net      |   | 5,173,666 |  |   | 4,848,593 |  |
| Various other assets      |   | 593,497 |  |   | 555,108 |  |
| Total Assets              |   | 31,281,435 |  |   | 27,587,126 |  |
| Liabilities               |   |   |   |   |
| Notes payable             |   | 31,099,575 |  |   | 27,892,669 |  |
| Various other liabilities |   | 80,576 |  |   | 55,795 |  |
| Total Liabilities         |   | 31,180,151 |  |   | 27,948,464 |  |

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              |   | Three-Month PeriodEnded June 30, |   | Six-Month Period Ended June 30, |   | Period from January 28, 2014 to June 30, |
|                                                              |   | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                              |   |   |   |   |   |   |   |   |
|                                                              |   | (in thousands) |
| Receivables securitized                                           |   | $ | 6,085,282 |  |   | $ | 5,758,620 |  |   | $ | 10,067,137 |  |   | $ | 7,332,705 |  |
|                                                              |   |   |   |   |   |   |   |   |
| Net proceeds from new securitizations                             |   | 4,918,905 |  |   | 4,983,763 |  |   | 7,975,856 |  |   | 6,221,965 |  |
| Cash received for servicing fees                                  |   | 173,641 |  |   | 154,521 |  |   | 335,603 |  |   | 253,513 |  |
| Cash paid upon release from reserved and restricted cash accounts |   | — |  |   | — |  |   | — |  |   | — |  |
| Net distributions from Trusts                                     |   | 616,342 |  |   | 540,751 |  |   | 1,072,395 |  |   | 846,957 |  |
| Total cash received from securitization trusts                    |   | $ | 5,708,888 |  |   | $ | 5,679,035 |  |   | $ | 9,383,854 |  |   | $ | 7,322,435 |  |

----

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           |   | Three-Month PeriodEnded June 30, |   | Six-Month Period Ended June 30, |   | Period from January 28, 2014 to June 30, |
|                                           |   | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                           |   | (in thousands) |
| Receivables securitized                        |   | $ | 768,561 |  |   | $ | — |  |   | $ | 768,561 |  |   | $ | 774,183 |  |
|                                           |   |   |   |   |   |   |   |   |
| Net proceeds from new securitizations          |   | $ | 785,983 |  |   | $ | — |  |   | $ | 785,983 |  |   | $ | 765,327 |  |
| Cash received for servicing fees               |   | 6,319 |  |   | 4,184 |  |   | 11,624 |  |   | 6,972 |  |
| Total cash received from securitization trusts |   | $ | 792,302 |  |   | $ | 4,184 |  |   | $ | 797,607 |  |   | $ | 772,299 |  |

----

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    |   | Retail Banking |   | Auto Finance & Alliances |   | Real Estate and Commercial Banking |   | Global Banking & Markets and Large Corporate |   | SCUSA |   | Total |
|                                    |   | (in thousands) |
| Goodwill at December 31, 2014           |   | $ | 1,815,729 |  |   | $ | 71,522 |  |   | $ | 1,406,048 |  |   | $ | 131,130 |  |   | $ | 5,527,055 |  |   | $ | 8,951,484 |  |
| Additions / disposals during the period |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Goodwill at June 30, 2015               |   | $ | 1,815,729 |  |   | $ | 71,522 |  |   | $ | 1,406,048 |  |   | $ | 131,130 |  |   | $ | 5,527,055 |  |   | $ | 8,951,484 |  |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | June 30, 2015 |   | December 31, 2014 |
|                                      | NetCarryingAmount |   | AccumulatedAmortization |   | NetCarryingAmount |   | AccumulatedAmortization |
|                                      | (in thousands) |
| Intangibles subject to amortization:      |   |   |   |   |   |   |   |
| Dealer networks                           | $ | 524,446 |  |   | $ | (55,554 | ) |   | $ | 544,054 |  |   | $ | (35,946 | ) |
| Chrysler Relationship                     | 117,500 |  |   | (21,250 | ) |   | 125,000 |  |   | (13,750 | ) |
| Core deposit intangibles                  | 3,355 |  |   | (292,487 | ) |   | 7,779 |  |   | (288,063 | ) |
| Other intangibles                         | 7,043 |  |   | (22,866 | ) |   | 8,655 |  |   | (21,253 | ) |
| Total intangibles subject to amortization | 652,344 |  |   | (392,157 | ) |   | 685,488 |  |   | (359,012 | ) |
| Intangibles not subject to amortization:  |   |   |   |   |   |   |   |
| Trade name                                | 21,500 |  |   | — |  |   | 21,500 |  |   | — |  |
| Total Intangibles                         | $ | 673,844 |  |   | $ | (392,157 | ) |   | $ | 706,988 |  |   | $ | (359,012 | ) |

|            |
|------------|
|            |  |  |  |  |  |  |  |  |  |  |  |  |
| Year       |   | Calendar Year Amount |   | Recorded To Date |   | Remaining Amount To Record |
|       |   | (in thousands) |
| 2015       |   | $ | 64,432 |  |   | $ | 33,144 |  |   | $ | 31,288 |  |
| 2016       |   | 57,162 |  |   | — |  |   | 57,162 |  |
| 2017       |   | 55,055 |  |   | — |  |   | 55,055 |  |
| 2018       |   | 54,702 |  |   | — |  |   | 54,702 |  |
| 2019       |   | 54,501 |  |   | — |  |   | 54,501 |  |
| Thereafter |   | 399,636 |  |   | — |  |   | 399,636 |  |

----

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |
|                                 |   | June 30, 2015 |   | December 31, 2014 |
|                                 |   |   |   |   |
|                                 |   | (in thousands) |
| Income tax receivables               |   | $ | 680,684 |  |   | $ | 938,222 |  |
| Derivative assets at fair value      |   | 391,300 |  |   | 366,061 |  |
| Other repossessed assets             |   | 131,654 |  |   | 136,305 |  |
| MSRs, at fair value                  |   | 157,147 |  |   | 145,047 |  |
| Prepaid expenses                     |   | 144,995 |  |   | 159,198 |  |
| OREO                                 |   | 37,840 |  |   | 65,051 |  |
| Miscellaneous assets and receivables |   | 471,248 |  |   | 1,059,696 |  |
| Total other assets                   |   | $ | 2,014,868 |  |   | $ | 2,869,580 |  |

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |
|                                              | Six-Month Period Ended |
|                                              | June 30, 2015 |   | June 30, 2014 |
|                                              | (in thousands) |
| Fair value at beginning of period                 | $ | 145,047 |  |   | $ | 141,787 |  |
| Mortgage servicing assets recognized              | 11,329 |  |   | 4,003 |  |
| Principal reductions                              | (13,450 | ) |   | (10,320 | ) |
| Change in fair value due to valuation assumptions | 14,221 |  |   | (11,352 | ) |
| Fair value at end of period                       | $ | 157,147 |  |   | $ | 124,118 |  |

----

----

|                                                                                           |
|-------------------------------------------------------------------------------------------|
|                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                      | June 30, 2015 |   | December 31, 2014 |
|                                                                                      | Balance(1) |   | EffectiveRate |   | Balance(1) |   | EffectiveRate |
|                                                                                      | (in thousands) |
| 3.00% senior notes, due September 2015                                                    | $ | 599,615 |  |   | 3.28 | % |   | $ | 598,788 |  |   | 3.28 | % |
| 4.625% senior notes, due April 2016                                                  | 475,214 |  |   | 4.85 | % |   | 474,718 |  |   | 4.85 | % |
| 3.45% senior notes, due August 2018                                                       | 497,410 |  |   | 3.62 | % |   | 497,025 |  |   | 3.62 | % |
| 2.65% senior notes, due April 2020                                                        | 991,768 |  |   | 2.81 | % |   | — |  |   | — | % |
| Junior subordinated debentures - Capital Trust VI, due June 2036                          | 69,763 |  |   | 7.91 | % |   | 69,751 |  |   | 7.91 | % |
| Common securities - Capital Trust VI                                                      | 10,000 |  |   | 7.91 | % |   | 10,000 |  |   | 7.91 | % |
| Junior subordinated debentures - Capital Trust IX, due July 2036                          | 149,389 |  |   | 2.07 | % |   | 149,375 |  |   | 2.04 | % |
| Common securities - Capital Trust IX                                                      | 4,640 |  |   | 2.07 | % |   | 4,640 |  |   | 2.04 | % |
|      Total holding company borrowings and other debt obligations | $ | 2,797,799 |  |   | 3.51 | % |   | $ | 1,804,297 |  |   | 3.89 | % |

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                           | June 30, 2015 |   | December 31, 2014 |
|                                                                           | Balance(3) |   | EffectiveRate |   | Balance(3) |   | EffectiveRate |
|                                                                           | (in thousands) |
| 2.00% senior notes, due January 2018                                           | $ | 745,003 |  |   | 2.27 | % |   | $ | — |  |   | — | % |
| Senior notes, due January 2018(1)                                              | 249,096 |  |   | 1.31 | % |   | — |  |   | — | % |
| 8.750% subordinated debentures, due May 2018                              | 497,845 |  |   | 8.91 | % |   | 497,530 |  |   | 8.92 | % |
| FHLB advances, maturing through August 2018                          | 9,420,000 |  |   | 1.87 | % |   | 9,455,000 |  |   | 2.06 | % |
| Subordinated term loan, due February 2019                                      | 133,589 |  |   | 6.03 | % |   | 139,180 |  |   | 6.00 | % |
| REIT (2) preferred, due May 2020                                          | 154,171 |  |   | 13.57 | % |   | 153,417 |  |   | 13.64 | % |
| Subordinated term loan, due August 2022                                        | 30,763 |  |   | 7.81 | % |   | 31,428 |  |   | 7.77 | % |
|      Total Bank borrowings and other debt obligations | $ | 11,230,467 |  |   | 2.42 | % |   | $ | 10,276,555 |  |   | 2.64 | % |

----

|                                                                       |
|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                  | June 30, 2015 |
|                                                                  | Balance |   | EffectiveRate |   | Assets Pledged |   | Restricted Cash Pledged |
|                                                                  | (in thousands) |
| Warehouse line, maturing on various dates(1)                          | $ | 794,139 |  |   | 1.31 | % |   | $ | 1,180,412 |  |   | $ | 31,154 |  |
| Warehouse line, due September 2015(2)                                 | 101,480 |  |   | 2.52 | % |   | 160,197 |  |   | 3,249 |  |
| Warehouse line, due June 2016                                         | 343,021 |  |   | 1.17 | % |   | 515,668 |  |   | — |  |
| Warehouse line, due June 2016(3)                                      | 1,612,229 |  |   | 1.13 | % |   | 2,351,770 |  |   | 61,775 |  |
| Warehouse line, due October 2016(2)                                   | 41,087 |  |   | 4.60 | % |   | 63,529 |  |   | 2,635 |  |
| Warehouse line, due November 2016(4)                                  | 175,000 |  |   | 1.74 | % |   | — |  |   | 6,625 |  |
| Warehouse line, due November 2016(4)                                  | 250,000 |  |   | 1.73 | % |   | — |  |   | 1,486 |  |
| Warehouse line, due December 2016                                     | 1,230,177 |  |   | 1.17 | % |   | 1,812,763 |  |   | 48,238 |  |
| Warehouse line, due March 2017                                        | 588,599 |  |   | 0.94 | % |   | 885,384 |  |   | 15,324 |  |
| Repurchase facility, due December 2015(5)                             | 876,605 |  |   | 1.76 | % |   | — |  |   | 41,369 |  |
| Line of credit with related party, due December 2016(6)               | 500,000 |  |   | 2.49 | % |   | — |  |   | — |  |
| Line of credit with related party, due December 2016(6)               | 1,750,000 |  |   | 2.40 | % |   | — |  |   | — |  |
| Line of credit with related party, due December 2018(6)               | 1,710,000 |  |   | 2.82 | % |   | — |  |   | — |  |
|      Total SCUSA revolving credit facilities | $ | 9,972,337 |  |   | 1.83 | % |   | $ | 6,969,723 |  |   | $ | 211,855 |  |

----

|                                                                       |
|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                  | December 31, 2014 |
|                                                                  | Balance |   | EffectiveRate |   | Assets Pledged |   | Restricted Cash Pledged |
|                                                                  | (dollars in thousands) |
| Warehouse line, maturing on various dates(1)                          | $ | 397,452 |  |   | 1.26 | % |   | $ | 589,529 |  |   | $ | 20,661 |  |
| Warehouse line, due March 2015(2)                                     | 250,594 |  |   | 0.98 | % |   | — |  |   | — |  |
| Warehouse line, due June 2015                                         | 243,736 |  |   | 1.17 | % |   | 344,822 |  |   | — |  |
| Warehouse line, due September 2015(3)                                 | 199,980 |  |   | 1.96 | % |   | 351,755 |  |   | 13,169 |  |
| Warehouse line, due December 2015                                     | 468,565 |  |   | 0.93 | % |   | 641,709 |  |   | 16,467 |  |
| Warehouse line, due June 2016(4)                                      | 2,201,511 |  |   | 0.98 | % |   | 3,249,263 |  |   | 65,414 |  |
| Warehouse line, due June 2016                                         | 1,051,777 |  |   | 1.06 | % |   | 1,481,135 |  |   | 28,316 |  |
| Warehouse line, due October 2016(3)                                   | 240,487 |  |   | 2.02 | % |   | 299,195 |  |   | 17,143 |  |
| Warehouse line, due November 2016(5)                                  | 175,000 |  |   | 1.71 | % |   | — |  |   | — |  |
| Warehouse line, due November 2016(5)                                  | 250,000 |  |   | 1.71 | % |   | — |  |   | 2,500 |  |
| Repurchase facility, maturing on various dates(6)                     | 923,225 |  |   | 1.63 | % |   | — |  |   | 34,184 |  |
| Line of credit with related party, due December 2016(7)               | 500,000 |  |   | 2.46 | % |   | 1,340 |  |   | — |  |
| Line of credit with related party, due December 2016(7)               | 1,750,000 |  |   | 2.33 | % |   | — |  |   | — |  |
| Line of credit with related party, due December 2018(7)               | 1,140,000 |  |   | 2.85 | % |   | 9,701 |  |   | — |  |
|      Total SCUSA revolving credit facilities | $ | 9,792,327 |  |   | 1.68 | % |   | $ | 6,968,449 |  |   | $ | 197,854 |  |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                    | June 30, 2015 |
|                                                                    | Balance(2) |   | Initial Note Amounts Issued |   | Initial Weighted Average Interest Rate Range |   | Collateral |   | Restricted Cash |
|                                                                    | (in thousands) |
| SCUSA public securitizations, maturing on various dates(1)              | $ | 13,619,761 |  |   | $ | 29,768,282 |  |   | 0.89% - 2.07% |   | $ | 16,915,873 |  |   | $ | 1,404,315 |  |
| SCUSA privately issued amortizing notes, maturing on various dates(1)   | 6,783,192 |  |   | 9,744,987 |  |   | 0.88% - 1.62% |   | 9,788,615 |  |   | 381,600 |  |
|      Total SCUSA secured structured financings | $ | 20,402,953 |  |   | $ | 39,513,269 |  |   | 0.88% - 2.07% |   | $ | 26,704,488 |  |   | $ | 1,785,915 |  |

----

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                    | December 31, 2014 |
|                                                                    | Balance(2) |   | Initial Note Amounts Issued |   | Initial Weighted Average Interest Rate Range |   | Collateral |   | Restricted Cash |
|                                                                    | (in thousands) |
| SCUSA public securitizations, maturing on various dates(1)              | $ | 11,523,729 |  |   | $ | 26,682,930 |  |   | 0.89% - 2.80% |   | $ | 14,345,242 |  |   | $ | 1,184,047 |  |
| SCUSA privately issued amortizing notes, maturing on various dates(1)   | 6,282,474 |  |   | 8,499,111 |  |   | 1.05% - 1.85% |   | 9,114,997 |  |   | 281,038 |  |
|      Total SCUSA secured structured financings | $ | 17,806,203 |  |   | $ | 35,182,041 |  |   | 0.89% - 2.80% |   | $ | 23,460,239 |  |   | $ | 1,465,085 |  |

----

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                   | NotionalAmount |   | Asset |   | Liability |   | Weighted Average ReceiveRate |   | Weighted Average PayRate |   | Weighted Average  Life(Years) |
|                                                   | (dollars in thousands) |
| June 30, 2015                                     |   |   |   |   |   |   |   |   |   |   |   |
| Fair value hedges:                                     |   |   |   |   |   |   |   |   |   |   |   |
| Cross-currency swaps                                   | $ | 16,723 |  |   | $ | 3,808 |  |   | $ | 514 |  |   | 4.76 | % |   | 4.75 | % |   | 0.61 |
| Interest rate swaps                                    | 318,000 |  |   | 190 |  |   | 2,188 |  |   | 0.96 | % |   | 2.29 | % |   | 4.00 |
| Cash flow hedges:                                      |   |   |   |   |   |   |   |   |   |   |   |
| Pay fixed — receive floating interest rate swaps | 10,329,189 |  |   | 1,324 |  |   | 27,912 |  |   | 0.19 | % |   | 1.05 | % |   | 3.08 |
| Total                                                  | $ | 10,663,912 |  |   | $ | 5,322 |  |   | $ | 30,614 |  |   | 0.22 | % |   | 1.09 | % |   | 3.10 |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2014                                 |   |   |   |   |   |   |   |   |   |   |   |
| Fair Value hedges:                                     |   |   |   |   |   |   |   |   |   |   |   |
| Cross-currency swaps                                   | $ | 18,230 |  |   | $ | 2,711 |  |   | $ | 980 |  |   | 4.76 | % |   | 4.75 | % |   | 1.11 |
|     Interest rate swaps            | 257,000 |  |   | 232 |  |   | 779 |  |   | 0.90 | % |   | 2.38 | % |   | 4.33 |
| Cash flow hedges:                                      |   |   |   |   |   |   |   |   |   |   |   |
| Pay fixed — receive floating interest rate swaps | 10,086,103 |  |   | 7,619 |  |   | 20,552 |  |   | 0.17 | % |   | 1.11 | % |   | 3.02 |
| Total                                                  | $ | 10,361,333 |  |   | $ | 10,562 |  |   | $ | 22,311 |  |   | 0.19 | % |   | 1.14 | % |   | 3.05 |

----

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | Notional |   | Asset derivativesFair value |   | Liability derivativesFair value |
|                                     | June 30, 2015 |   | December 31, 2014 |   | June 30, 2015 |   | December 31, 2014 |   | June 30, 2015 |   | December 31, 2014 |
|                                     | (in thousands) |
| Mortgage banking derivatives:            |   |   |   |   |   |   |   |   |   |   |   |
| Forward commitments to sell loans        | $ | 656,794 |  |   | $ | 328,757 |  |   | $ | 6,511 |  |   | $ | — |  |   | $ | — |  |   | $ | 2,424 |  |
| Interest rate lock commitments           | 345,075 |  |   | 163,013 |  |   | 1,885 |  |   | 3,063 |  |   | — |  |   | — |  |
| Mortgage servicing                       | 435,000 |  |   | 469,000 |  |   | 577 |  |   | 7,432 |  |   | 11,028 |  |   | 7,448 |  |
| Total mortgage banking risk management   | 1,436,869 |  |   | 960,770 |  |   | 8,973 |  |   | 10,495 |  |   | 11,028 |  |   | 9,872 |  |
|                                     |   |   |   |   |   |   |   |   |   |   |   |
| Customer related derivatives:            |   |   |   |   |   |   |   |   |   |   |   |
| Swaps receive fixed                      | 8,387,751 |  |   | 7,927,522 |  |   | 200,097 |  |   | 213,415 |  |   | 13,550 |  |   | 4,343 |  |
| Swaps pay fixed                          | 8,490,052 |  |   | 7,944,247 |  |   | 27,521 |  |   | 13,361 |  |   | 177,576 |  |   | 186,732 |  |
| Other                                    | 1,858,488 |  |   | 1,670,696 |  |   | 100,942 |  |   | 62,464 |  |   | 100,118 |  |   | 61,880 |  |
| Total customer related derivatives       | 18,736,291 |  |   | 17,542,465 |  |   | 328,560 |  |   | 289,240 |  |   | 291,244 |  |   | 252,955 |  |
|                                     |   |   |   |   |   |   |   |   |   |   |   |
| Other derivative activities:             |   |   |   |   |   |   |   |   |   |   |   |
| Foreign exchange contracts               | 2,178,007 |  |   | 1,152,125 |  |   | 25,974 |  |   | 20,033 |  |   | 25,195 |  |   | 17,390 |  |
| Interest rate swap agreements            | 3,128,000 |  |   | 3,231,000 |  |   | 796 |  |   | 535 |  |   | 10,118 |  |   | 12,743 |  |
| Interest rate cap agreements             | 8,002,020 |  |   | 7,541,385 |  |   | 29,423 |  |   | 49,762 |  |   | — |  |   | — |  |
| Options for interest rate cap agreements | 8,002,020 |  |   | 7,541,385 |  |   | — |  |   | — |  |   | 29,446 |  |   | 49,806 |  |
| Total return settlement                  | 1,404,726 |  |   | 1,404,726 |  |   | — |  |   | — |  |   | 59,065 |  |   | 48,893 |  |
| Other                                    | 717,672 |  |   | 646,321 |  |   | 7,902 |  |   | 6,543 |  |   | 10,654 |  |   | 9,914 |  |
| Total                                    | $ | 43,605,605 |  |   | $ | 40,020,177 |  |   | $ | 401,628 |  |   | $ | 376,608 |  |   | $ | 436,750 |  |   | $ | 401,573 |  |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          |   |   |   | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
| Derivative Activity(1)                        |   | Accounts |   | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                          |   |   |   | (in thousands) |
| Fair value hedges:                            |   |   |   |   |   |   |   |   |   |   |
| Cross-currency swaps                          |   | Miscellaneous income |   | $ | 185 |  |   | $ | 1,454 |  |   | $ | 149 |  |   | $ | 773 |  |
| Interest rate swaps                           |   | Miscellaneous income |   | 1,541 |  |   | (1,488 | ) |   | (1,452 | ) |   | (753 | ) |
| Cash flow hedges:                             |   |   |   |   |  |   |   |  |   |   |   |   |  |
| Pay fixed-receive variable interestrate swaps |   | Net interest income |   | (3,731 | ) |   | (13,782 | ) |   | (8,182 | ) |   | (27,467 | ) |
| Other derivative activities:                  |   |   |   |   |  |   |   |  |   |   |   |   |  |
| Forward commitments to sell loans             |   | Mortgage banking income |   | 9,122 |  |   | (3,243 | ) |   | 8,935 |  |   | (5,252 | ) |
| Interest rate lock commitments                |   | Mortgage banking income |   | (5,115 | ) |   | 2,364 |  |   | (1,178 | ) |   | 3,545 |  |
| Mortgage servicing                            |   | Mortgage banking income |   | (9,215 | ) |   | 2,629 |  |   | (10,434 | ) |   | (5,132 | ) |
| Customer related derivatives                  |   | Miscellaneous income |   | 654 |  |   | 3,548 |  |   | 1,072 |  |   | 3,661 |  |
| Foreign exchange                              |   | Miscellaneous income |   | (990 | ) |   | 419 |  |   | (1,864 | ) |   | (492 | ) |
| SCUSA derivatives                             |   | Miscellaneous income |   | 6,854 |  |   | 5,114 |  |   | 4,457 |  |   | 18,139 |  |
|                                          | Net interest income |   | 19,316 |  |   | (2,141 | ) |   | 37,360 |  |   | (3,980 | ) |
|                                          | Other administrative expenses |   | (2,078 | ) |   | (1,484 | ) |   | (14,033 | ) |   | (3,157 | ) |
| Other                                         |   | Miscellaneous income |   | 987 |  |   | (661 | ) |   | (458 | ) |   | (1,309 | ) |

----

|                                                                                         |
|-----------------------------------------------------------------------------------------|
|                                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                    |   | Offsetting of Financial Assets |
|                                                                                    |   |   |   |   |   |   |   | Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet |
|                                                                                    |   | Gross Amounts of Recognized Assets |   | Gross Amounts Offset in the Condensed Consolidated Balance Sheet |   | Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet |   | Financial Instruments |   | Cash Collateral Received |   | Net Amount |
|                                                                                    |   | (in thousands) |
| June 30, 2015                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Fair value hedges                                                                       |   | $ | 3,998 |  |   | $ | — |  |   | $ | 3,998 |  |   | $ | — |  |   | $ | — |  |   | $ | 3,998 |  |
| Cash flow hedges                                                                        |   | 1,324 |  |   | — |  |   | 1,324 |  |   | — |  |   | — |  |   | 1,324 |  |
| Other derivative activities(1)                                                          |   | 399,644 |  |   | 15,650 |  |   | 383,994 |  |   | 8,041 |  |   | 42,492 |  |   | 333,461 |  |
| Total derivatives subject to a master netting arrangement or similar arrangement        |   | 404,966 |  |   | 15,650 |  |   | 389,316 |  |   | 8,041 |  |   | 42,492 |  |   | 338,783 |  |
| Total derivatives not subject to a master netting arrangement or similar arrangement(2) |   | 1,984 |  |   | — |  |   | 1,984 |  |   | — |  |   | — |  |   | 1,984 |  |
| Total Derivative Assets                                                                 |   | $ | 406,950 |  |   | $ | 15,650 |  |   | $ | 391,300 |  |   | $ | 8,041 |  |   | $ | 42,492 |  |   | $ | 340,767 |  |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Financial Assets                                                                  |   | $ | 406,950 |  |   | $ | 15,650 |  |   | $ | 391,300 |  |   | $ | 8,041 |  |   | $ | 42,492 |  |   | $ | 340,767 |  |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2014                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Fair value hedges                                                                       |   | $ | 2,943 |  |   | $ | — |  |   | $ | 2,943 |  |   | $ | — |  |   | $ | — |  |   | $ | 2,943 |  |
| Cash flow hedges                                                                        |   | 7,619 |  |   | — |  |   | 7,619 |  |   | — |  |   | — |  |   | 7,619 |  |
| Other derivative activities(1)                                                          |   | 373,545 |  |   | 21,109 |  |   | 352,436 |  |   | 10,020 |  |   | 5,940 |  |   | 336,476 |  |
| Total derivatives subject to a master netting arrangement or similar arrangement        |   | 384,107 |  |   | 21,109 |  |   | 362,998 |  |   | 10,020 |  |   | 5,940 |  |   | 347,038 |  |
| Total derivatives not subject to a master netting arrangement or similar arrangement(2) |   | 3,063 |  |   | — |  |   | 3,063 |  |   | — |  |   | — |  |   | 3,063 |  |
| Total Derivative Assets                                                                 |   | $ | 387,170 |  |   | $ | 21,109 |  |   | $ | 366,061 |  |   | $ | 10,020 |  |   | $ | 5,940 |  |   | $ | 350,101 |  |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Financial Assets                                                                  |   | $ | 387,170 |  |   | $ | 21,109 |  |   | $ | 366,061 |  |   | $ | 10,020 |  |   | $ | 5,940 |  |   | $ | 350,101 |  |

|     |                                                 |
|-----|-------------------------------------------------|
| (1) | Includes customer-related and other derivatives |

|     |                                       |
|-----|---------------------------------------|
| (2) | Includes mortgage banking derivatives |

----

|                                                                                         |
|-----------------------------------------------------------------------------------------|
|                                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                    |   | Offsetting of Financial Liabilities |
|                                                                                    |   |   |   |   |   |   |   | Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet |
|                                                                                    |   | Gross Amounts of Recognized Liabilities |   | Gross Amounts Offset in the Condensed Consolidated Balance Sheet |   | Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet |   | Financial Instruments |   | Cash Collateral Pledged |   | Net Amount |
|                                                                                    |   | (in thousands) |
| June 30, 2015                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Fair value hedges                                                                       |   | $ | 2,702 |  |   | $ | — |  |   | $ | 2,702 |  |   | $ | 77 |  |   | $ | 10,560 |  |   | $ | (7,935 | ) |
| Cash flow hedges                                                                        |   | 27,912 |  |   |  |   | 27,912 |  |   | 2,289 |  |   | 38,839 |  |   | (13,216 | ) |
| Other derivative activities(1)                                                          |   | 377,685 |  |   | 64,847 |  |   | 312,838 |  |   | 39,890 |  |   | 153,804 |  |   | 119,144 |  |
| Total derivatives subject to a master netting arrangement or similar arrangement        |   | 408,299 |  |   | 64,847 |  |   | 343,452 |  |   | 42,256 |  |   | 203,203 |  |   | 97,993 |  |
| Total derivatives not subject to a master netting arrangement or similar arrangement(2) |   | 59,065 |  |   | — |  |   | 59,065 |  |   | — |  |   | — |  |   | 59,065 |  |
| Total Derivative Liabilities                                                            |   | $ | 467,364 |  |   | $ | 64,847 |  |   | $ | 402,517 |  |   | $ | 42,256 |  |   | $ | 203,203 |  |   | $ | 157,058 |  |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Financial Liabilities                                                             |   | $ | 467,364 |  |   | $ | 64,847 |  |   | $ | 402,517 |  |   | $ | 42,256 |  |   | $ | 203,203 |  |   | $ | 157,058 |  |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2014                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Fair value hedges                                                                       |   | $ | 1,759 |  |   | $ | — |  |   | $ | 1,759 |  |   | $ | 65 |  |   | $ | 5,589 |  |   | $ | (3,895 | ) |
| Cash flow hedges                                                                        |   | 20,552 |  |   | — |  |   | 20,552 |  |   | 7,341 |  |   | 16,797 |  |   | (3,586 | ) |
| Other derivative activities(1)                                                          |   | 350,863 |  |   | 21,109 |  |   | 329,754 |  |   | 49,318 |  |   | 198,103 |  |   | 82,333 |  |
| Total derivatives subject to a master netting arrangement or similar arrangement        |   | 373,174 |  |   | 21,109 |  |   | 352,065 |  |   | 56,724 |  |   | 220,489 |  |   | 74,852 |  |
| Total derivatives not subject to a master netting arrangement or similar arrangement(2) |   | 50,710 |  |   | — |  |   | 50,710 |  |   | — |  |   | 1,736 |  |   | 48,974 |  |
| Total Derivative Liabilities                                                            |   | $ | 423,884 |  |   | $ | 21,109 |  |   | $ | 402,775 |  |   | $ | 56,724 |  |   | $ | 222,225 |  |   | $ | 123,826 |  |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Financial Liabilities                                                             |   | $ | 423,884 |  |   | $ | 21,109 |  |   | $ | 402,775 |  |   | $ | 56,724 |  |   | $ | 222,225 |  |   | $ | 123,826 |  |

|     |                                                 |
|-----|-------------------------------------------------|
| (1) | Includes customer-related and other derivatives |

|     |                                       |
|-----|---------------------------------------|
| (2) | Includes mortgage banking derivatives |

----

----

|                                                                                                            |
|------------------------------------------------------------------------------------------------------------|
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                            | Total OtherComprehensive (Loss)/Income |  | Total AccumulatedOther Comprehensive Loss |
|                                                                                                            | Three-Month Period Ended June 30, 2015 |  | March 31, 2015 |  |  |  | June 30, 2015 |
|                                                                                                            | PretaxActivity |  | TaxEffect |  | Net Activity |  | BeginningBalance |  | NetActivity |  | EndingBalance |
|                                                                                                            | (in thousands) |
| Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments                   | $ | 7,763 |  |  | $ | (2,891 | ) |  | $ | 4,872 |  |  |   |  |   |  |   |
| Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) | 3,732 |  |  | (1,390 | ) |  | 2,342 |  |  |   |  |   |  |   |
| Net unrealized gains/(losses) on cash flow hedge derivative financial instruments                          | 11,495 |  |  | (4,281 | ) |  | 7,214 |  |  | $ | (29,375 | ) |  | $ | 7,214 |  |  | $ | (22,161 | ) |
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Change in unrealized (losses)/gains on investment securities available-for-sale                            | (133,445 | ) |  | 51,195 |  |  | (82,250 | ) |  |   |  |   |  |   |
| Reclassification adjustment for net (gains)/losses included in net income on non-OTTI securities (2)       | (10,799 | ) |  | 4,143 |  |  | (6,656 | ) |  |  |  |  |  |  |
| Reclassification adjustment for net losses/(gains) included in net income on OTTI securities (3)           | 1,092 |  |  | (419 | ) |  | 673 |  |  |  |  |  |  |  |
| Reclassification adjustment for net (gains)/losses included in net income                             | (9,707 | ) |  | 3,724 |  |  | (5,983 | ) |  |   |  |   |  |   |
| Net unrealized (losses)/gains on investment securities available-for-sale                                  | (143,152 | ) |  | 54,919 |  |  | (88,233 | ) |  | 13,475 |  |  | (88,233 | ) |  | (74,758 | ) |
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pension and post-retirement actuarial gain/(loss) (3)                                                      | 1,018 |  |  | (581 | ) |  | 437 |  |  | (29,020 | ) |  | 437 |  |  | (28,583 | ) |
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| As of June 30, 2015                                                                                        | $ | (130,639 | ) |  | $ | 50,057 |  |  | $ | (80,582 | ) |  | $ | (44,920 | ) |  | $ | (80,582 | ) |  | $ | (125,502 | ) |

----

|                                                                                                            |
|------------------------------------------------------------------------------------------------------------|
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                       | Total OtherComprehensive (Loss)/Income |   | Total AccumulatedOther Comprehensive Loss |
|                                                                                                       | For the Six-Month PeriodEnded June 30, 2015 |  | December 31, 2014 |  |  |  | June 30, 2015 |
|                                                                                                       | PretaxActivity |   | TaxEffect |   | Net Activity |   | BeginningBalance |   | NetActivity |   | EndingBalance |
|                                                                                                       | (in thousands) |
| Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments                   | $ | (21,246 | ) |   | $ | 8,395 |  |   | $ | (12,851 | ) |   |   |   |   |   |   |
| Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1) | 8,183 |  |   | (3,233 | ) |   | 4,950 |  |   |   |   |   |   |   |
| Net unrealized (losses)/gains on cash flow hedge derivative financial instruments                          | (13,063 | ) |   | 5,162 |  |   | (7,901 | ) |   | $ | (14,260 | ) |   | $ | (7,901 | ) |   | $ | (22,161 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized (losses)/gains on investment securities available-for-sale                            | (15,664 | ) |   | 5,689 |  |   | (9,975 | ) |   |   |   |   |   |   |
| Reclassification adjustment for net (gains)/losses included in net income on non-OTTI securities (2)       | (20,356 | ) |   | 7,393 |  |   | (12,963 | ) |   |   |   |   |   |   |
| Reclassification adjustment for net losses/(gains) included in net income/(expense) on OTTI securities (3) | 1,092 |  |   | (397 | ) |   | 695 |  |   |   |   |   |   |   |
| Reclassification adjustment for net (gains)/losses included in net income                                  | (19,264 | ) |   | 6,996 |  |   | (12,268 | ) |   |   |   |   |   |   |
| Net unrealized (losses)/gains on investment securities available-for-sale                                  | (34,928 | ) |   | 12,685 |  |   | (22,243 | ) |   | (52,515 | ) |   | (22,243 | ) |   | (74,758 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Pension and post-retirement actuarial gains/(losses) (3)                                                   | 2,036 |  |   | (984 | ) |   | 1,052 |  |   | (29,635 | ) |   | 1,052 |  |   | (28,583 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| As of June 30, 2015                                                                                        | $ | (45,955 | ) |  | $ | 16,863 |  |  | $ | (29,092 | ) |  | $ | (96,410 | ) |  | $ | (29,092 | ) |  | $ | (125,502 | ) |

----

|                                                                                                           |
|-----------------------------------------------------------------------------------------------------------|
|                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                      | Total OtherComprehensive Income/(Loss) |   | Total AccumulatedOther Comprehensive (Loss)/Income |
|                                                                                                      | Three-Month Period Ended June 30, 2014 |   | March 31, 2014 |   |   |   | June 30, 2014 |
|                                                                                                      | PretaxActivity |   | TaxEffect |   | Net Activity |   | BeginningBalance |   | NetActivity |   | EndingBalance |
|                                                                                                      | (in thousands) |
| Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments                  | $ | (15,472 | ) |   | $ | 5,228 |  |   | $ | (10,244 | ) |   |   |   |   |   |   |
| Reclassification adjustment for net gain/(losses) on cash flow hedge derivative financial instruments (1) | 13,782 |  |   | (4,657 | ) |   | 9,125 |  |   |   |   |   |   |   |
| Net unrealized (losses)/gains on cash flow hedge derivative financial instruments                         | (1,690 | ) |   | 571 |  |   | (1,119 | ) |   | $ | (31,663 | ) |   | $ | (1,119 | ) |   | $ | (32,782 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized gains/(losses) on investment securities available-for-sale                           | 85,291 |  |   | (33,447 | ) |   | 51,844 |  |   |   |   |   |   |   |
| Reclassification adjustment for net (gains)/losses included in net income on non-OTTI securities(2)       | (9,405 | ) |   | 3,688 |  |   | (5,717 | ) |   |   |   |   |   |   |
| Net unrealized losses/(gains) on investment securities available-for-sale                                 | 75,886 |  |   | (29,759 | ) |   | 46,127 |  |   | (116,531 | ) |   | 46,127 |  |   | (70,404 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Pension and post-retirement actuarial gain/(loss)(3)                                                      | 447 |  |   | (174 | ) |   | 273 |  |   | (14,991 | ) |   | 273 |  |   | (14,718 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |
| As of June 30, 2014                                                                                       | $ | 74,643 |  |   | $ | (29,362 | ) |   | $ | 45,281 |  |   | $ | (163,185 | ) |   | $ | 45,281 |  |   | $ | (117,904 | ) |

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          | Total OtherComprehensive Income/(Loss) |   | Total AccumulatedOther Comprehensive (Loss)/Income |
|                                                                                                          | Six-Month Period Ended June 30, 2014 |   | December 31, 2013 |   |   |   | June 30, 2014 |
|                                                                                                          | PretaxActivity |   | TaxEffect |   | Net Activity |   | BeginningBalance |   | NetActivity |   | EndingBalance |
| Change in accumulated (losses)/gains on cash flow hedge derivative financial instruments                      | $ | (17,120 | ) |   | $ | 6,133 |  |   | $ | (10,987 | ) |   |   |   |   |   |   |
| Reclassification adjustment for net gains/(losses) on cash flow hedge derivative financial instruments (1)    | 27,467 |  |   | (9,839 | ) |   | 17,628 |  |   |   |   |   |   |   |
| Net unrealized gains/(losses) on cash flow hedge derivative financial instruments                             | 10,347 |  |   | (3,706 | ) |   | 6,641 |  |   | $ | (39,423 | ) |   | $ | 6,641 |  |   | $ | (32,782 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized gains/(losses) on investment securities available-for-sale                               | 2,651,973 |  |   | (1,039,069 | ) |   | 1,612,904 |  |   |   |   |   |   |   |
| Reclassification adjustment for net (gains)/losses included in net income/(expense) on non-OTTI securities(2) | (2,439,888 | ) |   | 955,972 |  |   | (1,483,916 | ) |   |   |   |   |   |   |
| Net unrealized gains/(losses) on investment securities available-for-sale                                     | 212,085 |  |   | (83,097 | ) |   | 128,988 |  |   | (199,392 | ) |   | 128,988 |  |   | (70,404 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Pension and post-retirement actuarial gain/(loss)(3)                                                          | 894 |  |   | (59 | ) |   | 835 |  |   | (15,553 | ) |   | 835 |  |   | (14,718 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| As of June 30, 2014                                                                                           | $ | 223,326 |  |   | $ | (86,862 | ) |   | $ | 136,464 |  |   | $ | (254,368 | ) |   | $ | 136,464 |  |   | $ | (117,904 | ) |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |
| Other Commitments                                      |   | June 30, 2015 |   | December 31, 2014 |
|                                                   |   | (in thousands) |
| Commitments to extend credit                           |   | $ | 29,533,123 |  |   | $ | 28,792,062 |  |
| Unsecured revolving lines of credit                    |   | — |  |   | 5 |  |
| Letters of credit                                      |   | 1,802,454 |  |   | 1,789,666 |  |
| Recourse and credit enhancement exposure on sold loans |   | 187,301 |  |   | 174,902 |  |
| Commitments to sell loans                              |   | 108,686 |  |   | 82,791 |  |
| Total commitments                                      |   | $ | 31,631,564 |  |   | $ | 30,839,426 |  |

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |
|                    |   | June 30, 2015 |   | December 31, 2014 |
|                    |   | (in thousands) |
| One year or less        |   | $ | 5,532,682 |  |   | $ | 5,968,468 |  |
| Over 1 year to 3 years  |   | 5,311,031 |  |   | 5,322,291 |  |
| Over 3 years to 5 years |   | 11,737,849 |  |   | 10,810,213 |  |
| Over 5 years (1)        |   | 6,951,561 |  |   | 6,691,090 |  |
| Total                   |   | $ | 29,533,123 |  |   | $ | 28,792,062 |  |

----

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |
|                    |   | June 30, 2015 |   | December 31, 2014 |
|                    |   | (in thousands) |
| One year or less        |   | $ | 1,203,983 |  |   | $ | 1,250,124 |  |
| Over 1 year to 3 years  |   | 270,046 |  |   | 285,108 |  |
| Over 3 years to 5 years |   | 307,027 |  |   | 248,209 |  |
| Over 5 years            |   | 21,398 |  |   | 6,225 |  |
| Total                   |   | $ | 1,802,454 |  |   | $ | 1,789,666 |  |

----

|                     |
|---------------------|
|                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                |   | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                |   | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                |   | (in thousands) |
| Beginning Balance   |   | $ | 23,051 |  |   | $ | 50,515 |  |   | $ | 24,266 |  |   | $ | 54,836 |  |
| Changes in Estimate |   | 849 |  |   | (7,772 | ) |   | 280 |  |   | (7,579 | ) |
| Claims              |   | (892 | ) |   | (1,881 | ) |   | (1,538 | ) |   | (6,395 | ) |
| Ending Balance      |   | $ | 23,008 |  |   | $ | 40,862 |  |   | $ | 23,008 |  |   | $ | 40,862 |  |

----

----

----

----

----

----

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                             | Quoted Prices in ActiveMarkets for IdenticalAssets (Level 1) |   | Significant OtherObservable Inputs(Level 2) |   | SignificantUnobservable Inputs(Level 3) |   | Balance at June 30, 2015 |
|                                             |   |
|                                             | (in thousands) |
| Financial assets:                                |   |   |   |   |   |   |   |
| US Treasury securities                           | $ | — |  |   | $ | 2,601,882 |  |   | $ | — |  |   | $ | 2,601,882 |  |
| Corporate debt                                   | — |  |   | 1,663,006 |  |   | — |  |   | 1,663,006 |  |
| Asset-backed securities                          | — |  |   | 774,164 |  |   | 1,539,483 |  |   | 2,313,647 |  |
| Equity securities                                | 10,411 |  |   | — |  |   | — |  |   | 10,411 |  |
| State and municipal securities                   | — |  |   | 955,723 |  |   | — |  |   | 955,723 |  |
| Mortgage backed securities                       | — |  |   | 11,779,548 |  |   | — |  |   | 11,779,548 |  |
| Total investment securities available-for-sale   | 10,411 |  |   | 17,774,323 |  |   | 1,539,483 |  |   | 19,324,217 |  |
| Retail installment contracts held for investment | — |  |   | — |  |   | 494,651 |  |   | 494,651 |  |
| Loans held-for-sale                              | — |  |   | 364,910 |  |   | — |  |   | 364,910 |  |
| Mortgage servicing rights                        | — |  |   | — |  |   | 157,147 |  |   | 157,147 |  |
| Derivatives:                                     |   |   |   |   |   |   |   |
| Fair value                                       | — |  |   | 3,998 |  |   | — |  |   | 3,998 |  |
| Cash flow                                        | — |  |   | 1,324 |  |   | — |  |   | 1,324 |  |
| Mortgage banking interest rate lock commitments  | — |  |   | — |  |   | 1,885 |  |   | 1,885 |  |
| Mortgage banking forward sell commitments        | — |  |   | 6,511 |  |   | — |  |   | 6,511 |  |
| Customer related                                 | — |  |   | 328,560 |  |   | — |  |   | 328,560 |  |
| Foreign exchange                                 | — |  |   | 25,974 |  |   | — |  |   | 25,974 |  |
|   Mortgage servicing                   | — |  |   | 577 |  |   | — |  |   | 577 |  |
| Interest rate swap agreements                    | — |  |   | 796 |  |   | — |  |   | 796 |  |
| Interest rate cap agreements                     | — |  |   | 29,423 |  |   | — |  |   | 29,423 |  |
| Other                                            | — |  |   | 7,884 |  |   | 18 |  |   | 7,902 |  |
| Total financial assets                           | $ | 10,411 |  |   | $ | 18,544,280 |  |   | $ | 2,193,184 |  |   | $ | 20,747,875 |  |
| Financial liabilities:                           |   |   |   |   |   |   |   |
| Derivatives:                                     |   |   |   |   |   |   |   |
| Fair value                                       | $ | — |  |   | $ | 2,702 |  |   | $ | — |  |   | $ | 2,702 |  |
| Cash flow                                        | — |  |   | 27,912 |  |   | — |  |   | 27,912 |  |
| Customer related                                 | — |  |   | 291,244 |  |   | — |  |   | 291,244 |  |
| Total return swap                                | — |  |   | — |  |   | 282 |  |   | 282 |  |
| Foreign exchange                                 | — |  |   | 25,195 |  |   | — |  |   | 25,195 |  |
|   Mortgage servicing                   | — |  |   | 11,028 |  |   | — |  |   | 11,028 |  |
| Interest rate swaps                              | — |  |   | 10,118 |  |   | — |  |   | 10,118 |  |
| Option for interest rate cap                     | — |  |   | 29,446 |  |   | — |  |   | 29,446 |  |
| Total return settlement                          | — |  |   | — |  |   | 59,065 |  |   | 59,065 |  |
| Other                                            | — |  |   | 10,224 |  |   | 148 |  |   | 10,372 |  |
| Total financial liabilities                      | $ | — |  |   | $ | 407,869 |  |   | $ | 59,495 |  |   | $ | 467,364 |  |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                             | Quoted Prices in ActiveMarkets for IdenticalAssets (Level 1) |   | Significant OtherObservable Inputs(Level 2) |   | SignificantUnobservable Inputs(Level 3) |   | Balance at December 31, 2014 |
|                                             |   |
|                                             | (in thousands) |
| Financial assets:                                |   |   |   |   |   |   |   |
| US Treasury securities                           | $ | — |  |   | $ | 1,695,767 |  |   | $ | — |  |   | $ | 1,695,767 |  |
| Corporate debt                                   | — |  |   | 2,182,401 |  |   | — |  |   | 2,182,401 |  |
| Asset-backed securities                          | — |  |   | 1,452,760 |  |   | 1,267,643 |  |   | 2,720,403 |  |
| Equity securities                                | 10,343 |  |   | — |  |   | — |  |   | 10,343 |  |
| State and municipal securities                   | — |  |   | 1,823,462 |  |   | — |  |   | 1,823,462 |  |
| Mortgage backed securities                       | — |  |   | 7,475,702 |  |   | — |  |   | 7,475,702 |  |
| Total investment securities available-for-sale   | 10,343 |  |   | 14,630,092 |  |   | 1,267,643 |  |   | 15,908,078 |  |
| Trading securities                               | — |  |   | 833,936 |  |   | — |  |   | 833,936 |  |
| Retail installment contracts held for investment | — |  |   | — |  |   | 845,911 |  |   | 845,911 |  |
| Loans held-for-sale                              | — |  |   | 213,666 |  |   | — |  |   | 213,666 |  |
| Mortgage servicing rights                        | — |  |   | — |  |   | 145,047 |  |   | 145,047 |  |
| Derivatives:                                     |   |   |   |   |   |   |   |
| Fair value                                       | — |  |   | 2,943 |  |   | — |  |   | 2,943 |  |
| Cash flow                                        | — |  |   | 7,619 |  |   | — |  |   | 7,619 |  |
| Mortgage banking interest rate lock commitments  | — |  |   | — |  |   | 3,063 |  |   | 3,063 |  |
| Customer related                                 | — |  |   | 289,240 |  |   | — |  |   | 289,240 |  |
| Foreign exchange                                 | — |  |   | 20,033 |  |   | — |  |   | 20,033 |  |
| Mortgage servicing                               | — |  |   | 7,432 |  |   | — |  |   | 7,432 |  |
| Interest rate swap agreements                    | — |  |   | 535 |  |   | — |  |   | 535 |  |
| Interest rate cap agreements                     | — |  |   | 49,762 |  |   | — |  |   | 49,762 |  |
| Other                                            | — |  |   | 6,536 |  |   | 7 |  |   | 6,543 |  |
| Total financial assets                           | $ | 10,343 |  |   | $ | 16,061,794 |  |   | $ | 2,261,671 |  |   | $ | 18,333,808 |  |
| Financial liabilities:                           |   |   |   |   |   |   |   |
| Derivatives:                                     |   |   |   |   |   |   |   |
| Fair value                                       | $ | — |  |   | $ | 1,759 |  |   | $ | — |  |   | $ | 1,759 |  |
| Cash flow                                        | — |  |   | 20,552 |  |   | — |  |   | 20,552 |  |
| Mortgage banking forward sell commitments        | — |  |   | 2,424 |  |   | — |  |   | 2,424 |  |
| Customer related                                 | — |  |   | 252,955 |  |   | — |  |   | 252,955 |  |
| Total return swap                                | — |  |   | 1,736 |  |   | 282 |  |   | 2,018 |  |
| Foreign exchange                                 | — |  |   | 17,390 |  |   | — |  |   | 17,390 |  |
| Mortgage servicing                               | — |  |   | 7,448 |  |   | — |  |   | 7,448 |  |
| Interest rate swaps                              | — |  |   | 12,743 |  |   | — |  |   | 12,743 |  |
| Option for interest rate cap                     | — |  |   | 49,806 |  |   | — |  |   | 49,806 |  |
| Total return settlement                          | — |  |   | — |  |   | 48,893 |  |   | 48,893 |  |
| Other                                            | — |  |   | 7,823 |  |   | 73 |  |   | 7,896 |  |
| Total financial liabilities                      | $ | — |  |   | $ | 374,636 |  |   | $ | 49,248 |  |   | $ | 423,884 |  |

----

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    | Quoted Prices in ActiveMarkets forIdentical Assets (Level 1) |   | Significant OtherObservable Inputs(Level 2) |   | SignificantUnobservableInputs (Level 3) |   | Fair Value |
|                               |   |
|                               | (in thousands) |
| June 30, 2015                 |   |   |   |   |   |   |   |
| Impaired loans held for investment | $ | 3,333 |  |   | $ | 91,274 |  |   | $ | 214 |  |   | $ | 94,821 |  |
| Foreclosed assets                  | — |  |   | 13,345 |  |   | — |  |   | 13,345 |  |
| Vehicle inventory                  | — |  |   | 177,459 |  |   | — |  |   | 177,459 |  |
|                               |   |   |   |   |   |   |   |
| December 31, 2014             |   |   |   |   |   |   |   |
| Impaired loans held for investment | $ | — |  |   | $ | 101,218 |  |   | $ | 67,699 |  |   | $ | 168,917 |  |
| Foreclosed assets                  | — |  |   | 45,599 |  |   | — |  |   | 45,599 |  |
| Vehicle inventory                  | — |  |   | 136,136 |  |   | — |  |   | 136,136 |  |
| Indefinite lived intangibles       | — |  |   | — |  |   | 21,500 |  |   | 21,500 |  |

----

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                               | Statement of OperationsLocation |   | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                               |   |   | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                               |   |   | (in thousands) |
| Impaired loans held for investment | Provision for credit losses |   | $ | (1,731 | ) |   | $ | (9,656 | ) |   | $ | (2,261 | ) |   | $ | (10,200 | ) |
| Foreclosed assets                  | Other administrative expense |   | (416 | ) |   | (129 | ) |   | (1,027 | ) |   | (352 | ) |
|                               |   |   | $ | (2,147 | ) |   | $ | (9,785 | ) |   | $ | (3,288 | ) |   | $ | (10,552 | ) |

|                                                                                                           |
|-----------------------------------------------------------------------------------------------------------|
|                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Three-Month Period Ended June 30, 2015                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                           | InvestmentsAvailable-for-Sale |   | Retail Installment Contracts Held for Investment |   | MSRs |   | Derivatives |   | Total |
|                                                                                                      |   |
|                                                                                                      | (in thousands) |
| Balance, March 31, 2015                                                                                   | $ | 1,514,517 |  |   | $ | 676,097 |  |   | $ | 135,452 |  |   | $ | (52,951 | ) |   | $ | 2,273,115 |  |
| Losses in other comprehensive income                                                                      | (8,433 | ) |   | — |  |   | — |  |   | — |  |   | (8,433 | ) |
| Gains/(losses) in earnings                                                                                | — |  |   | 94,049 |  |   | 21,211 |  |   | (7,341 | ) |   | 107,919 |  |
| Additions/Issuances                                                                                       | 344,622 |  |   | — |  |   | 7,803 |  |   | — |  |   | 352,425 |  |
| Settlements(1)                                                                                            | (311,223 | ) |   | (275,495 | ) |   | (7,319 | ) |   | 2,700 |  |   | (591,337 | ) |
| Balance, June 30, 2015                                                                                    | $ | 1,539,483 |  |   | $ | 494,651 |  |   | $ | 157,147 |  |   | $ | (57,592 | ) |   | $ | 2,133,689 |  |
| Changes in unrealized gains (losses) included in earnings related to balances still held at June 30, 2015 | $ | — |  |   | $ | 94,049 |  |   | $ | 21,211 |  |   | $ | (2,227 | ) |   | $ | 113,033 |  |
|                                                                                                      |   |   |   |   |   |   |   |   |   |
| Six-Month Period Ended June 30, 2015                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                      | InvestmentsAvailable-for-Sale |   | Retail Installment Contracts Held for Investment |   | MSRs |   | Derivatives |   | Total |
|                                                                                                      |   |
|                                                                                                      | (in thousands) |
| Balance, December 31, 2014                                                                                | $ | 1,267,643 |  |   | $ | 845,911 |  |   | $ | 145,047 |  |   | $ | (46,178 | ) |   | $ | 2,212,423 |  |
| Losses in other comprehensive income                                                                      | (3,654 | ) |   | — |  |   | — |  |   | — |  |   | (3,654 | ) |
| Gains/(losses) in earnings                                                                                | — |  |   | 180,541 |  |   | 14,221 |  |   | (15,470 | ) |   | 179,292 |  |
| Additions/Issuances                                                                                       | 598,595 |  |   | — |  |   | 11,329 |  |   | — |  |   | 609,924 |  |
| Settlements(1)                                                                                            | (323,101 | ) |   | (531,801 | ) |   | (13,450 | ) |   | 4,056 |  |   | (864,296 | ) |
| Balance, June 30, 2015                                                                                    | $ | 1,539,483 |  |   | $ | 494,651 |  |   | $ | 157,147 |  |   | $ | (57,592 | ) |   | $ | 2,133,689 |  |
| Changes in unrealized gains (losses) included in earnings related to balances still held at June 30, 2015 | $ | — |  |   | $ | 180,541 |  |   | $ | 14,221 |  |   | $ | (14,292 | ) |   | $ | 180,470 |  |

|     |                                                                         |
|-----|-------------------------------------------------------------------------|
| (1) | Settlements include charge-offs, prepayments, pay downs and maturities. |

----

|                                                                                                           |
|-----------------------------------------------------------------------------------------------------------|
|                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Three-Month Period Ended June 30, 2014                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                      | InvestmentsAvailable-for-Sale |   | Retail Installment Contracts Held for Investment |   | MSRs |   | Derivatives |   | Total |
|                                                                                                      |   |
|                                                                                                      | (in thousands) |
| Balance, March 31, 2014                                                                                   | $ | 1,225,012 |  |   | $ | 1,516,353 |  |   | $ | 134,775 |  |   | $ | (47,920 | ) |   | $ | 2,828,220 |  |
| Gains in other comprehensive income                                                                       | 822 |  |   | — |  |   | — |  |   | — |  |   | 822 |  |
| Gains/(losses) in earnings                                                                                | — |  |   | 215,377 |  |   | (6,893 | ) |   | 800 |  |   | 209,284 |  |
| Additions/Issuances                                                                                       | 102,326 |  |   | — |  |   | 2,129 |  |   | — |  |   | 104,455 |  |
| Settlements(1)                                                                                            | (84,288 | ) |   | (458,658 | ) |   | (5,893 | ) |   | 3,586 |  |   | (545,253 | ) |
| Balance, June 30, 2014                                                                                    | $ | 1,243,872 |  |   | $ | 1,273,072 |  |   | $ | 124,118 |  |   | $ | (43,534 | ) |   | $ | 2,597,528 |  |
| Changes in unrealized gains (losses) included in earnings related to balances still held at June 30, 2014 | $ | — |  |   | $ | 215,377 |  |   | $ | (6,893 | ) |   | $ | (1,564 | ) |   | $ | 206,920 |  |
|                                                                                                      |   |   |   |   |   |   |   |   |   |
| Six-Month Period Ended June 30, 2014                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                      | InvestmentsAvailable-for-Sale |   | Retail Installment Contracts Held for Investment |   | MSRs |   | Derivatives |   | Total |
|                                                                                                      |   |
|                                                                                                      | (in thousands) |
| Balance, December 31, 2013                                                                                | $ | 52,940 |  |   | $ | — |  |   | $ | 141,787 |  |   | $ | (50,221 | ) |   | $ | 144,506 |  |
| Gains in other comprehensive income                                                                       | 1,870 |  |   | — |  |   | — |  |   | — |  |   | 1,870 |  |
| Gains/(losses) in earnings                                                                                | — |  |   | 359,430 |  |   | (11,352 | ) |   | 173 |  |   | 348,251 |  |
| Additions/Issuances                                                                                       | 102,326 |  |   | 1,870,383 |  |   | 4,003 |  |   | — |  |   | 1,976,712 |  |
| Settlements(1)                                                                                            | (84,724 | ) |   | (956,741 | ) |   | (10,320 | ) |   | 6,514 |  |   | (1,045,271 | ) |
| Transfers into level 3                                                                                    | 1,171,460 |  |   | — |  |   | — |  |   | — |  |   | 1,171,460 |  |
| Balance, June 30, 2014                                                                                    | $ | 1,243,872 |  |   | $ | 1,273,072 |  |   | $ | 124,118 |  |   | $ | (43,534 | ) |   | $ | 2,597,528 |  |
| Changes in unrealized gains (losses) included in earnings related to balances still held at June 30, 2014 | $ | — |  |   | $ | 359,430 |  |   | $ | (11,352 | ) |   | $ | (3,372 | ) |   | $ | 344,706 |  |

----

----

|         |                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • |  A 10% and 20% increase in the CPR speed would decrease the fair value of the residential servicing asset by $5.0 million and $9.7 million, respectively, at June 30, 2015. |

|         |                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A 10% and 20% increase in the discount rate would decrease the fair value of the residential servicing asset by $5.7 million and $11.0 million, respectively, at June 30, 2015. |

----

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |
|                                             | Fair Value at June 30, 2015 |   | Valuation Technique |   | Unobservable Inputs |   | Range (Weighted Average) |
|                                             |   |
|                                             | (in thousands) |   |   |   |   |   |   |
| Financial Assets:                                |   |
| Asset-backed securities                          |   |   |   |   |   |   |   |
| Financing bonds                                  | $ | 1,485,627 |  |   | Discounted Cash Flow |   | Discount Rate (1) |   | 0.77% - 2.07% (1.12%) |  |
| Sale-leaseback securities                        | $ | 53,856 |  |   | Consensus Pricing (2) |   | Offered quotes (3) |   | 136.45 | % |
| Retail installment contracts held for investment | $ | 494,651 |  |   | Discounted Cash Flow |   | ABS (4) |   | 0.40 | % |
|                                             |   |   |   |   | Prepayment rate (CPR) (5) |   | 11.00 | % |
|                                             |   |   |   |   | Discount Rate (6) |   | 5.81% - 12.00% (10.03%) |  |
|                                             |   |   |   |   | Recovery Rate (7) |   | 25.00% - 43.00% (33.48%) |  |
| Mortgage servicing rights                        | $ | 157,147 |  |   | Discounted Cash Flow |   | Prepayment rate (CPR) (8) |   | 0.01% - 39.75% (8.56%) |  |
|                                             |   |   |   |   | Discount Rate (9) |   | 9.90 | % |
| Mortgage banking interest rate lock commitments  | $ | 1,885 |  |   | Discounted Cash Flow |   | Pull through percentage (10) |   | 77.34 | % |
|                                             |   |   |   |   | MSR value (11) |   | 0.68% - 1.00% (0.95%) |  |
| Financial Liabilities:                           |   |   |   |   |  |   |  |  |
| Total return settlement                          | $ | 59,065 |  |   | Discounted Cash Flow |   | Discount Rate (5) |   | 8.92 | % |

----

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                              | June 30, 2015 |
|                                              | Carrying Value |   | Fair Value |   | Level 1 |   | Level 2 |   | Level 3 |
|                                              |   |
|                                              | (in thousands) |
| Financial assets:                                 |   |   |   |   |   |   |   |   |   |
| Cash and amounts due from depository institutions | $ | 2,212,358 |  |   | $ | 2,212,358 |  |   | $ | 2,212,358 |  |   | $ | — |  |   | $ | — |  |
| Available-for-sale investment securities          | 19,324,217 |  |   | 19,324,217 |  |   | 10,411 |  |   | 17,774,323 |  |   | 1,539,483 |  |
| Loans held for investment, net                    | 76,554,535 |  |   | 76,871,797 |  |   | 3,333 |  |   | 91,274 |  |   | 76,777,190 |  |
| Loans held-for-sale                               | 1,886,090 |  |   | 1,948,742 |  |   | — |  |   | 1,948,742 |  |   | — |  |
| Restricted cash                                   | 3,202,917 |  |   | 3,202,917 |  |   | 3,202,917 |  |   | — |  |   | — |  |
| Mortgage servicing rights                         | 157,147 |  |   | 157,147 |  |   | — |  |   | — |  |   | 157,147 |  |
| Derivatives                                       | 406,950 |  |   | 406,950 |  |   | — |  |   | 405,047 |  |   | 1,903 |  |
|                                              |   |   |   |   |   |   |   |   |   |
| Financial liabilities:                            |   |  |   |   |  |   |   |   |   |  |   |   |  |
| Deposits                                          | 54,622,913 |  |   | 54,644,361 |  |   | 46,727,994 |  |   | 7,916,367 |  |   | — |  |
| Borrowings and other debt obligations             | 44,403,556 |  |   | 44,852,981 |  |   | — |  |   | 34,880,644 |  |   | 9,972,337 |  |
| Derivatives                                       | 467,364 |  |   | 467,364 |  |   | — |  |   | 407,869 |  |   | 59,495 |  |

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                              | December 31, 2014 |
|                                              | Carrying Value |   | Fair Value |   | Level 1 |   | Level 2 |   | Level 3 |
|                                              |   |
|                                              | (in thousands) |
| Financial assets:                                 |   |   |   |   |   |   |   |   |   |
| Cash and amounts due from depository institutions | $ | 2,201,783 |  |   | $ | 2,201,783 |  |   | $ | 2,201,783 |  |   | $ | — |  |   | $ | — |  |
| Available-for-sale investment securities          | 15,908,078 |  |   | 15,908,078 |  |   | 10,343 |  |   | 14,630,092 |  |   | 1,267,643 |  |
| Trading securities                                | 833,936 |  |   | 833,936 |  |   | — |  |   | 833,936 |  |   | — |  |
| Loans held for investment, net                    | 74,293,865 |  |   | 74,265,569 |  |   | — |  |   | 101,218 |  |   | 74,164,351 |  |
| Loans held-for-sale                               | 260,252 |  |   | 260,251 |  |   | — |  |   | 260,251 |  |   | — |  |
| Restricted cash                                   | 2,024,838 |  |   | 2,024,838 |  |   | 2,024,838 |  |   | — |  |   | — |  |
| Mortgage servicing rights                         | 145,047 |  |   | 145,047 |  |   | — |  |   | — |  |   | 145,047 |  |
| Derivatives                                       | 387,170 |  |   | 387,170 |  |   | — |  |   | 384,100 |  |   | 3,070 |  |
|                                              |   |   |   |   |   |   |   |   |   |
| Financial liabilities:                            |   |  |   |   |  |   |   |   |   |  |   |   |  |
| Deposits                                          | 52,474,007 |  |   | 52,507,347 |  |   | 45,162,698 |  |   | 7,344,649 |  |   | — |  |
| Borrowings and other debt obligations             | 39,679,382 |  |   | 40,147,937 |  |   | — |  |   | 30,355,610 |  |   | 9,792,327 |  |
| Derivatives                                       | 423,884 |  |   | 423,884 |  |   | — |  |   | 374,636 |  |   | 49,248 |  |

----

----

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                             |   | Fair Value |   | Aggregate Unpaid Principal Balance |   | Difference |
|                                             |   | (in thousands) |
| Loans held-for-sale                              |   | $ | 364,910 |  |   | $ | 366,118 |  |   | $ | (1,208 | ) |
| Nonaccrual loans                                 |   | — |  |   | — |  |   | — |  |
|                                             |   |   |   |   |   |   |
| Retail installment contracts held for investment |   | $ | 494,651 |  |   | $ | 644,108 |  |   | $ | (149,457 | ) |
| Nonaccrual loans                                 |   | 41,584 |  |   | 68,359 |  |   | (26,775 | ) |

|         |                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The small business banking, commercial business banking, and auto leasing lines of business formerly included in the Auto Finance and Business Banking reportable segment, were combined with the Consumer and Business Banking reportable segment. |

|         |                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Real Estate and Commercial reportable segment was split into the Commercial Real Estate reportable segment and the Commercial Banking reportable segment. |

|         |                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The CEVF and dealer floor plan lines of business, formerly included in the Auto Finance & Business Banking reportable segment, were moved to the Commercial Banking business unit. |

|         |                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The internal FTP guidelines and methodologies were revised to align with Santander corporate criteria for internal management reporting. These FTP changes impact all reporting segments, excluding SC. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Consumer and Business Banking segment (formerly known as the Retail Banking segment) primarily comprises the Bank's branch locations, residential mortgage business and business banking customers. The branch locations offer a wide range of products and services to both consumers and business banking customers, which attract deposits by offering a variety of deposit instruments including demand and interest-bearing demand deposit accounts, money market and savings accounts, CDs and retirement savings products. The branch locations also offer consumer loans such as credit cards, and home equity loans and lines of credit, and business loans such as commercial lines of credit and business credit cards. In addition, investment services provide annuities, mutual funds, managed monies, and insurance products and acts as an investment brokerage agent to the customers of the Consumer and Business Banking segment. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Commercial Banking segment currently provides commercial lines, loans, and deposits to medium and large business banking customers as well as financing and deposits for government entities, commercial loans to dealers and financing for commercial vehicles and municipal equipment. This segment also provides financing and deposits for government entities and niche product financing for specific industries, including oil and gas and mortgage warehousing, among others. |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | The Commercial Real Estate segment offers commercial real estate loans and multifamily loans to customers. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Global Corporate Banking segment was formerly designated as the Global Corporate Banking & Market & Large Corporate Banking segment, and was renamed during the third quarter of 2015. This  segment serves the needs of global commercial and institutional customers by leveraging the international footprint of the Santander group to provide financing and banking services to corporations with over $500 million in annual revenues. GBM's offerings and strategy are based on Santander's local and global capabilities in wholesale banking. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | SCUSA is a specialized consumer finance company focused on vehicle finance and third-party servicing. SCUSA’s primary business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. In conjunction with a ten-year private label financing agreement with the Chrysler Group that became effective May 1, 2013, SCUSA offers a full spectrum of auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. SCUSA also originates vehicle loans through a web-based direct lending program, purchases vehicle retail installment contracts from other lenders, and services automobile, recreational and marine vehicle portfolios for other lenders. Additionally, SCUSA has several relationships through which it provides personal loans, private label credit cards and other consumer finance products. During 2015, SCUSA announced its intention to exit the personal lending business. |

----

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Three-Month Period Ended      | SHUSA excluding SCUSA |   | SC(4) |   |   |
| June 30, 2015                    | Consumer & Business Banking | Commercial Banking | Commercial Real Estate |  Global Corporate Banking | Other(2) |   | SCUSA(3) | SCUSA Purchase Price Adjustments | Eliminations |   | Total |
|                                  | (dollars in thousands) |
| Net interest income                   | $ | 208,229 |  | $ | 68,150 |  | $ | 69,503 |  | $ | 54,083 |  | $ | (13,311 | ) |   | $ | 1,183,603 |  | $ | 156,464 |  | $ | 58 |  |   | $ | 1,726,779 |  |
| Total non-interest income             | 199,373 |  | 11,615 |  | 8,331 |  | 25,420 |  | 20,832 |  |   | 427,117 |  | 23,985 |  | (12,590 | ) |   | 704,083 |  |
| Provision/(release) for credit losses | 25,987 |  | 6,085 |  | 1,958 |  | 3,007 |  | (37 | ) |   | 579,380 |  | 348,871 |  | — |  |   | 965,251 |  |
| Total expenses                        | 442,674 |  | 46,380 |  | 19,292 |  | 27,926 |  | 66,432 |  |   | 458,173 |  | 14,662 |  | (13,198 | ) |   | 1,062,341 |  |
| Income/(loss) before income taxes     | (61,059 | ) | 27,300 |  | 56,584 |  | 48,570 |  | (58,874 | ) |   | 573,167 |  | (183,084 | ) | 666 |  |   | 403,270 |  |
|                                  |   |   |   |   |   |   |   |   |   |   |   |
| Intersegment (expense)/revenue(1)     | 290 |  | 782 |  | 740 |  | (1,320 | ) | (492 | ) |   | — |  | — |  | — |  |   | — |  |
| Total assets                          | 22,265,218 |  | 15,501,105 |  | 14,145,098 |  | 12,337,891 |  | 26,519,627 |  |   | 35,521,099 |  | — |  | — |  |   | 126,290,038 |  |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Six-Month Period Ended         | SHUSA excluding SCUSA |   | SC(4) |   |   |
| June 30, 2015                     | Consumer & Business Banking | Commercial Banking | Commercial Real Estate |  Global Corporate Banking | Other(2) |   | SCUSA(3) | SCUSA Purchase Price Adjustments | Eliminations |   | Total |
|                                   | (dollars in thousands) |
| Net interest income                    | $ | 412,944 |  | $ | 132,388 |  | $ | 134,823 |  | $ | 103,175 |  | $ | 2,403 |  |   | $ | 2,293,561 |  | $ | 270,397 |  | $ | 145 |  |   | $ | 3,349,836 |  |
| Total non-interest income              | 355,641 |  | 23,273 |  | 16,166 |  | 41,390 |  | 44,544 |  |   | 754,596 |  | 83,289 |  | (28,313 | ) |   | 1,290,586 |  |
| Provision/(release)  for credit losses | 26,685 |  | 7,699 |  | 12,796 |  | 5,759 |  | 31,061 |  |   | 1,211,227 |  | 723,663 |  | — |  |   | 2,018,890 |  |
| Total expenses                         | 863,665 |  | 90,973 |  | 36,965 |  | 52,900 |  | 109,984 |  |   | 898,495 |  | 28,403 |  | (26,873 | ) |   | 2,054,512 |  |
| Income/(loss) before income taxes      | (121,765 | ) | 56,989 |  | 101,228 |  | 85,906 |  | (94,098 | ) |   | 938,435 |  | (398,380 | ) | (1,295 | ) |   | 567,020 |  |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
| Intersegment (expense)/revenue(1)      | 653 |  | 1,758 |  | 1,099 |  | (3,645 | ) | 135 |  |   | — |  | — |  | — |  |   | — |  |
| Total assets                           | 22,265,218 |  | 15,501,105 |  | 14,145,098 |  | 12,337,891 |  | 26,519,627 |  |   | 35,521,099 |  | — |  | — |  |   | 126,290,038 |  |

|     |                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. |

|     |                                                                                                                                                                                                                                                                                                                  |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and holding company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. |

|     |                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------|
| (3) | Management of SHUSA manages SCUSA by analyzing the pre-Change in Control results of SCUSA as disclosed in this column. |

|     |                                                                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Purchase Price Adjustments represents the impact that SCUSA purchase marks had on the results of SCUSA included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions. |

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Three-Month Period Ended      | SHUSA excluding SCUSA |   | SC(4) |   |   |
| June 30, 2014                    | Consumer & Business Banking | Commercial Banking | Commercial Real Estate |  Global Corporate Banking | Other(2) |   | SCUSA(3) | SCUSA Purchase Price Adjustments | Eliminations |   | Total |
|                                  | (dollars in thousands) |
| Net interest income                   | $ | 205,058 |  | $ | 58,827 |  | $ | 66,523 |  | $ | 44,494 |  | $ | 22,293 |  |   | $ | 1,039,664 |  | $ | 129,623 |  | $ | — |  |   | $ | 1,566,482 |  |
| Total non-interest income             | 122,942 |  | 12,605 |  | 8,479 |  | 12,661 |  | 29,815 |  |   | 249,654 |  | 162,072 |  | (23,977 | ) |   | 574,251 |  |
| Gain on Change in Control             | — |  | — |  | — |  | — |  | — |  |   | — |  | — |  | — |  |   | — |  |
| Provision/(release) for credit losses | 11,592 |  | (20,027 | ) | (9,980 | ) | (4,199 | ) | (17,386 | ) |   | 540,575 |  | 75,782 |  | — |  |   | 576,357 |  |
| Total expenses                        | 375,669 |  | 37,332 |  | 19,687 |  | 23,893 |  | 84,594 |  |   | 354,604 |  | 14,741 |  | (7,418 | ) |   | 903,102 |  |
| Income/(loss) before income taxes     | (59,261 | ) | 54,127 |  | 65,295 |  | 37,461 |  | (15,100 | ) |   | 394,139 |  | 201,172 |  | (16,559 | ) |   | 661,274 |  |
|                                  |   |   |   |   |   |   |   |   |   |   |   |
| Intersegment revenue/(expense)(1)     | 244 |  | 1,084 |  | 483 |  | (1,983 | ) | 172 |  |   | — |  | — |  | — |  |   | — |  |
| Total assets                          | 22,047,919 |  | 13,967,381 |  | 14,482,177 |  | 9,192,343 |  | 23,084,671 |  |   | 29,911,435 |  | — |  | — |  |   | 112,685,926 |  |

----

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Six-Month Period Ended        | SHUSA excluding SCUSA |   | SC(4) |   |   |
| June 30, 2014                         | Consumer & Business Banking | Commercial Banking | Commercial Real Estate |  Global Corporate Banking | Other(2) |   | SCUSA(3) | SCUSA Purchase Price Adjustments | Eliminations |   | Total |
|                                  | (dollars in thousands) |
| Net interest income                   | $ | 409,179 |  | $ | 115,332 |  | $ | 122,384 |  | $ | 85,160 |  | $ | 47,798 |  |   | $ | 2,063,394 |  | $ | 221,704 |  | $ | (332,776 | ) |   | $ | 2,732,175 |  |
| Total non-interest income             | 218,615 |  | 24,066 |  | 21,223 |  | 35,440 |  | 57,084 |  |   | 451,915 |  | 246,423 |  | (72,665 | ) |   | 982,101 |  |
| Gain on Change in Control             | — |  | — |  | — |  | — |  | — |  |   | — |  | 2,417,563 |  | — |  |   | 2,417,563 |  |
| Provision/(release) for credit losses | 18,627 |  | (37,272 | ) | (11,104 | ) | (1,761 | ) | (8,490 | ) |   | 1,107,148 |  | 35,129 |  | (215,051 | ) |   | 887,226 |  |
| Total expenses                        | 726,175 |  | 72,903 |  | 38,970 |  | 46,478 |  | 111,539 |  |   | 790,955 |  | 105,446 |  | (241,680 | ) |   | 1,650,786 |  |
| Income/(loss) before income taxes     | (117,008 | ) | 103,767 |  | 115,741 |  | 75,883 |  | 1,833 |  |   | 617,206 |  | 2,745,115 |  | 51,290 |  |   | 3,593,827 |  |
|                                  |   |   |   |   |   |   |   |   |   |   |   |
| Intersegment revenue/(expense)(1)     | 594 |  | 2,150 |  | 777 |  | (3,798 | ) | 277 |  |   | — |  | — |  | — |  |   | — |  |
| Total assets                          | 22,047,919 |  | 13,967,381 |  | 14,482,177 |  | 9,192,343 |  | 23,084,671 |  |   | 29,911,435 |  | — |  | — |  |   | 112,685,926 |  |

|     |                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income. |

|     |                                                                                                                                                                                                                                                                                                                  |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and holding company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses. |

|     |                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------|
| (3) | Management of SHUSA manages SCUSA by analyzing the pre-Change in Control results of SCUSA as disclosed in this column. |

|     |                                                                                                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Purchase Price Adjustments represent the impact that SCUSA purchase marks had on the results of SCUSA included within the consolidated operations of SHUSA, while eliminations adjust for the one month that SHUSA accounted for SCUSA as an equity method investment and eliminate intercompany transactions. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company determined that its historical methodology for estimating the credit loss allowance for RICs held for investment was in error as it did not estimate impairment on TDRs separately from a general credit loss allowance on loans not classified as TDRs, and incorrectly applying a loss emergence period to the entire portfolio rather than only to loans not classified as TDRs. In addition, the Company determined that it had incorrectly identified the population of loans that should be classified and disclosed as TDRs and, separately, had incorrectly estimated the impairment on these loans, as of each of these balance sheet dates. The Company has corrected its allowance methodology accordingly, and has determined, based on the corrected methodology, the ACL reported on the condensed consolidated balance sheets was overstated by $208.9 million and $358.2 million at June 30, 2015 and December 31, 2014, respectively. |

----

|         |                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company has also determined that subvention payments related to leased vehicles were incorrectly classified within the Consolidated Statements of Operations as an addition to Leased vehicle income rather than a reduction of Leased vehicle expense. There was no impact to net income as a result of this change. |

|         |                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company previously used the loans' original contractual interest rate rather than the original effective interest rate as the discount rate applied to the expected cash flows to determine TDR impairment. Accounting Standards Codification (“ASC") 310-40-35-12 requires that expected future cash flows be discounted using the original effective interest rate. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company has determined that its application of the retrospective effective interest method for accreting discounts, subvention payments from manufacturers, and other origination costs (collectively "discount") on retail installment contracts held for investment was in error, as (i) these cost basis adjustments were accreted over the average life of a loan rather than the aggregate life of a loan pool, (ii) defaults were inappropriately considered in the estimate of future principal prepayments, (iii) the portfolio was not adequately segmented to consider different prepayment performance based on credit quality and term, (iv) remaining unaccreted balances at charge off were being recorded as interest income rather than as reductions of the net charge off, and (v) the unaccreted discount component of TDR carrying value was misstated, resulting in inaccurate TDR impairment. |

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |
|                                                |   | June 30, 2015 |   | December 31, 2014 |   |
|                                                |   | (in thousands) |
|                                                |   |   |   |   |   |
| Overstatement of loans held for investment          |   | $ | 66,525 |  |   | $ | 28,647 |  |   |
| (Under)/Overstatement of allowance (TDR impairment) |   | (5,030 | ) |   | 817 |  |   |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         |   | Three Months Ended |   | Six Months Ended |
|                                         |   | June 30, 2015 |   | June 30, 2014 |   | June 30, 2015 |   | June 30, 2014 |
|                                         |   | (in thousands) |
| Overstatement of Interest income - Loans     |   | $ | (35,537 | ) |   | $ | (23,331 | ) |   | $ | (66,418 | ) |   | $ | (29,351 | ) |
| Overstatement of Provision for credit losses |   | 26,448 |  |   | 2,279 |  |   | 32,032 |  |   | 2,280 |  |
| Understatement of Miscellaneous income       |   | 2,196 |  |   | 3,248 |  |   | 5,470 |  |   | 4,723 |  |
|                                         |   | $ | (6,893 | ) |   | $ | (17,804 | ) |   | $ | (28,916 | ) |   | $ | (22,348 | ) |

|         |                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company previously omitted the consideration of net discounts when estimating the allowance for credit losses for the non-TDR portfolio of retail installment contracts held for investment under ASC 450-20. Accordingly, management has determined that the omission of consideration of net discounts in the allowance was in error. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company had originally recorded a gain on the Change in Control of SC of $2.43 billion during the year-ended December 31, 2014  and goodwill in the amount $5.47 billion at January 28, 2014. As a result of the corrections at SC that impacted the carrying value of assets and liabilities acquired by SHUSA at the Change in Control, SHUSA recognized a gain in the Change in Control of $2.42 billion during the six month period ended June 30, 2014 and goodwill in the amount of $5.53 billion. |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company recorded an $50.0 million indefinite lived intangible at the Change in Control of SC. During the quarter ended December 31, 2015.  As part of the Step 2 goodwill impairment analysis, the Company performed a valuation of the intangible assets allocated to the SC reporting unit as of December 31, 2015. The Company's impairment analysis concluded that the estimated fair value of the indefinite-lived trade name was lower than its carrying value. As such, the Company originally recorded an $11.7 million impairment charge during the fourth quarter of 2015 and an additional impairment charge of $20.3 million during in the first quarter of 2016. The trade name, as restated, reflects the correction of an error to reflect an impairment charge to the trade name attributed to the fourth quarter of 2014 in the amount of $28.5 million. In addition, during the fourth quarter of 2015, the Company recorded an additional $3.5 million relating to the trade name. The impairments in 2014 and 2015 were recorded within amortization expense of intangible assets. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company originally recorded a $97.5 million impairment of capitalized software during the second quarter of 2014 for software the was no longer in use or determined to be improperly capitalized. The Company concluded that $33.3 million and $3.3 million of the impairment charge should have been recorded in the quarters ended December 31, 2013 and March 31, 2014, respectively, when the software was originally capitalized. |

|         |                              |
|---------|------------------------------|
| • | Note 3 Business Combinations |

|         |                                              |
|---------|----------------------------------------------|
| • | Note 5 Loans and Allowance for Credit Losses |

|         |                        |
|---------|------------------------|
| • | Note 6 Leased Vehicles |

|         |                                   |
|---------|-----------------------------------|
| • | Note 7 Variable Interest Entities |

|         |                                       |
|---------|---------------------------------------|
| • | Note 8 Goodwill and Other Intangibles |

|         |                     |
|---------|---------------------|
| • | Note 9 Other Assets |

|         |                     |
|---------|---------------------|
| • | Note 11 Derivatives |

|         |                      |
|---------|----------------------|
| • | Note 12 Income Taxes |

|         |                    |
|---------|--------------------|
| • | Note 16 Fair Value |

|         |                                      |
|---------|--------------------------------------|
| • | Note 17 Business Segment Information |

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                  |   | As Originally Reported(1) |   | Corrections |   | As Reported(2) |   | Corrections |   | As Restated |
|                                                  |   | (in thousands) |
| Cash and cash equivalents                             |   | $ | 2,254,233 |  |   | $ | — |  |   | $ | 2,254,233 |  |   | $ | (41,875 | ) |   | $ | 2,212,358 |  |
| Loans held-for-investment                             |   | 79,484,496 |  |   | (19,867 | ) |   | 79,464,629 |  |   | (75,441 | ) |   | 79,389,188 |  |
| Allowance for loan and lease losses                   |   | (3,070,458 | ) |   | 208,905 |  |   | (2,861,553 | ) |   | 26,900 |  |   | (2,834,653 | ) |
| Net loans held-for-investment                         |   | 76,414,038 |  |   | 189,038 |  |   | 76,603,076 |  |   | (48,541 | ) |   | 76,554,535 |  |
| Leased vehicles, net                                  |   | 7,312,427 |  |   | — |  |   | 7,312,427 |  |   | (14,408 | ) |   | 7,298,019 |  |
| Goodwill                                              |   | 8,892,011 |  |   | — |  |   | 8,892,011 |  |   | 59,473 |  |   | 8,951,484 |  |
| Intangible assets, net                                |   | 702,344 |  |   | — |  |   | 702,344 |  |   | (28,500 | ) |   | 673,844 |  |
| Other assets                                          |   | 1,967,143 |  |   | — |  |   | 1,967,143 |  |   | 47,725 |  |   | 2,014,868 |  |
| Total assets                                          |   | 126,127,126 |  |   | 189,038 |  |   | 126,316,164 |  |   | (26,126 | ) |   | 126,290,038 |  |
| Accrued expenses and payables                         |   | 2,107,810 |  |   | — |  |   | 2,107,810 |  |   | (58,199 | ) |   | 2,049,611 |  |
| Borrowings and other debt obligations(3)              |   | 44,456,559 |  |   | — |  |   | 44,456,559 |  |   | (53,003 | ) |   | 44,403,556 |  |
| Advance payments by borrowers for taxes and insurance |   | 184,677 |  |   | — |  |   | 184,677 |  |   | (1,679 | ) |   | 182,998 |  |
| Deferred tax liabilities, net                         |   | 1,017,839 |  |   | 70,279 |  |   | 1,088,118 |  |   | (3,134 | ) |   | 1,084,984 |  |
| Other liabilities                                     |   | 649,651 |  |   | — |  |   | 649,651 |  |   | 101,267 |  |   | 750,918 |  |
| Total liabilities                                     |   | 103,039,449 |  |   | 70,279 |  |   | 103,109,728 |  |   | (14,748 | ) |   | 103,094,980 |  |
| Retained earnings                                     |   | 4,033,374 |  |   | 69,783 |  |   | 4,103,157 |  |   | (5,600 | ) |   | 4,097,557 |  |
| Total SHUSA stockholder's equity                      |   | 18,834,160 |  |   | 69,783 |  |   | 18,903,943 |  |   | (5,600 | ) |   | 18,898,343 |  |
| Noncontrolling interest                               |   | 4,253,517 |  |   | 48,976 |  |   | 4,302,493 |  |   | (5,778 | ) |   | 4,296,715 |  |
| Total stockholder's equity                            |   | 23,087,677 |  |   | 118,759 |  |   | 23,206,436 |  |   | (11,378 | ) |   | 23,195,058 |  |
| Total liabilities and stockholder's equity            |   | $ | 126,127,126 |  |   | $ | 189,038 |  |   | $ | 126,316,164 |  |   | $ | (26,126 | ) |   | $ | 126,290,038 |  |

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                  |   | As Originally Reported(1) |   | Corrections |   | As Reported(2) |   | Corrections |   |  As Restated |
|                                                  |   | (in thousands) |
| Cash and cash equivalents                             |   | $ | 2,234,725 |  |   | $ | — |  |   | $ | 2,234,725 |  |   | $ | (32,942 | ) |   | $ | 2,201,783 |  |
| Loans held-for-investment                             |   | 76,032,562 |  |   | (8,448 | ) |   | 76,024,114 |  |   | (28,647 | ) |   | 75,995,467 |  |
| Allowance for loan and lease losses                   |   | (2,108,817 | ) |   | 358,174 |  |   | (1,750,643 | ) |   | 49,041 |  |   | (1,701,602 | ) |
| Net loans held-for-investment                         |   | 73,923,745 |  |   | 349,726 |  |   | 74,273,471 |  |   | 20,394 |  |   | 74,293,865 |  |
| Leased vehicles, net                                  |   | 6,638,115 |  |   | — |  |   | 6,638,115 |  |   | (14,145 | ) |   | 6,623,970 |  |
| Goodwill                                              |   | 8,892,011 |  |   | — |  |   | 8,892,011 |  |   | 59,473 |  |   | 8,951,484 |  |
| Intangible assets, net                                |   | 735,488 |  |   | — |  |   | 735,488 |  |   | (28,500 | ) |   | 706,988 |  |
| Other assets                                          |   | 2,860,121 |  |   | (30,271 | ) |   | 2,829,850 |  |   | 39,730 |  |   | 2,869,580 |  |
| Total assets                                          |   | 118,457,415 |  |   | 319,455 |  |   | 118,776,870 |  |   | 44,010 |  |   | 118,820,880 |  |
| Accrued expenses and payables                         |   | 1,902,278 |  |   | — |  |   | 1,902,278 |  |   | (11,043 | ) |   | 1,891,235 |  |
| Borrowings and other debt obligations(3)              |   | 39,709,653 |  |   | (30,271 | ) |   | 39,679,382 |  |   | — |  |   | 39,679,382 |  |
| Advance payments by borrowers for taxes and insurance |   | 167,670 |  |   | — |  |   | 167,670 |  |   | (1,526 | ) |   | 166,144 |  |
| Deferred tax liabilities, net                         |   | 1,025,948 |  |   | 141,133 |  |   | 1,167,081 |  |   | (7,110 | ) |   | 1,159,971 |  |
| Other liabilities                                     |   | 673,764 |  |   | — |  |   | 673,764 |  |   | 48,921 |  |   | 722,685 |  |
| Total liabilities                                     |   | 95,953,320 |  |   | 110,862 |  |   | 96,064,182 |  |   | 29,242 |  |   | 96,093,424 |  |
| Stockholder's equity                                  |   |   |   |   |   |   |   |   |   |   |
| Retained earnings                                     |   | 3,714,642 |  |   | 122,480 |  |   | 3,837,122 |  |   | 9,295 |  |   | 3,846,417 |  |
| Total SHUSA stockholder's equity                      |   | 18,543,286 |  |   | 122,480 |  |   | 18,665,766 |  |   | 9,295 |  |   | 18,675,061 |  |
| Noncontrolling interest                               |   | 3,960,809 |  |   | 86,113 |  |   | 4,046,922 |  |   | 5,473 |  |   | 4,052,395 |  |
| Total stockholder's equity                            |   | 22,504,095 |  |   | 208,593 |  |   | 22,712,688 |  |   | 14,768 |  |   | 22,727,456 |  |
| Total liabilities and stockholder's equity            |   | $ | 118,457,415 |  |   | $ | 319,455 |  |   | $ | 118,776,870 |  |   | $ | 44,010 |  |   | $ | 118,820,880 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            |   | As Originally Reported(1) |   | Corrections |   | As Reported(2) |   | Corrections |   | As Restated |
|                                                            |   | (in thousands) |
| Interest on loans                                               |   | $ | 3,806,322 |  |   | $ | — |  |   | $ | 3,806,322 |  |   | $ | (66,417 | ) |   | $ | 3,739,905 |  |
| Total interest income                                           |   | 3,992,696 |  |   | — |  |   | 3,992,696 |  |   | (66,417 | ) |   | 3,926,279 |  |
| Net interest income                                             |   | 3,416,253 |  |   | — |  |   | 3,416,253 |  |   | (66,417 | ) |   | 3,349,836 |  |
| Provision for credit losses                                     |   | 1,873,938 |  |   | 160,688 |  |   | 2,034,626 |  |   | (15,736 | ) |   | 2,018,890 |  |
| Net interest income after provision for credit losses           |   | 1,542,315 |  |   | (160,688 | ) |   | 1,381,627 |  |   | (50,681 | ) |   | 1,330,946 |  |
| Consumer fees                                                   |   | 204,217 |  |   | — |  |   | 204,217 |  |   | 5,332 |  |   | 209,549 |  |
| Lease income                                                    |   | 841,891 |  |   | (191,718 | ) |   | 650,173 |  |   | 2,904 |  |   | 653,077 |  |
| Miscellaneous income                                            |   | 238,559 |  |   | 1 |  |   | 238,560 |  |   | 5,470 |  |   | 244,030 |  |
| Total fees and other income                                     |   | 1,449,333 |  |   | (191,717 | ) |   | 1,257,616 |  |   | 13,706 |  |   | 1,271,322 |  |
| Total non-interest income                                       |   | 1,468,597 |  |   | (191,717 | ) |   | 1,276,880 |  |   | 13,706 |  |   | 1,290,586 |  |
| Compensation and benefits                                       |   | 647,816 |  |   | — |  |   | 647,816 |  |   | (1,205 | ) |   | 646,611 |  |
| Loan expense                                                    |   | 206,191 |  |   | — |  |   | 206,191 |  |   | (17,387 | ) |   | 188,804 |  |
| Lease expense                                                   |   | 683,861 |  |   | (191,718 | ) |   | 492,143 |  |   | 2,134 |  |   | 494,277 |  |
| Other administrative expenses                                   |   | 164,660 |  |   | — |  |   | 164,660 |  |   | 5,737 |  |   | 170,397 |  |
| Total general and administrative expenses                       |   | 2,194,545 |  |   | (191,718 | ) |   | 2,002,827 |  |   | (10,721 | ) |   | 1,992,106 |  |
| Income/(loss) before income taxes                               |   | 753,961 |  |   | (160,687 | ) |   | 593,274 |  |   | (26,254 | ) |   | 567,020 |  |
| Income tax provision/(benefit)                                  |   | 232,944 |  |   | (70,853 | ) |   | 162,091 |  |   | (108 | ) |   | 161,983 |  |
| Net income/(loss) including noncontrolling interest             |   | 521,017 |  |   | (89,834 | ) |   | 431,183 |  |   | (26,146 | ) |   | 405,037 |  |
| Less: net income/(loss) attributable to noncontrolling interest |   | 194,985 |  |   | (37,137 | ) |   | 157,848 |  |   | (11,251 | ) |   | 146,597 |  |
| Net income/(loss) attributable to SHUSA                         |   | $ | 326,032 |  |   | $ | (52,697 | ) |   | $ | 273,335 |  |   | $ | (14,895 | ) |   | $ | 258,440 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            |   | As Originally Reported(1) |   | Corrections |   | As Reported(2) |   | Corrections |   | As Restated |
|                                                            |   | (in thousands) |
| Interest on loans                                               |   | $ | 1,971,763 |  |   | $ | — |  |   | $ | 1,971,763 |  |   | $ | (35,536 | ) |   | $ | 1,936,227 |  |
| Total interest income                                           |   | 2,059,890 |  |   | — |  |   | 2,059,890 |  |   | (35,536 | ) |   | 2,024,354 |  |
| Net interest income                                             |   | 1,762,315 |  |   | — |  |   | 1,762,315 |  |   | (35,536 | ) |   | 1,726,779 |  |
| Provision for credit losses                                     |   | 1,001,754 |  |   | (11,341 | ) |   | 990,413 |  |   | (25,162 | ) |   | 965,251 |  |
| Net interest income after provision for credit losses           |   | 760,561 |  |   | 11,341 |  |   | 771,902 |  |   | (10,374 | ) |   | 761,528 |  |
| Consumer fees                                                   |   | 106,178 |  |   | — |  |   | 106,178 |  |   | 2,667 |  |   | 108,845 |  |
| Commercial fees                                                 |   | 46,142 |  |   | — |  |   | 46,142 |  |   | (1 | ) |   | 46,141 |  |
| Lease income                                                    |   | 443,506 |  |   | (105,643 | ) |   | 337,863 |  |   | 1,883 |  |   | 339,746 |  |
| Miscellaneous income                                            |   | 145,293 |  |   | — |  |   | 145,293 |  |   | 2,197 |  |   | 147,490 |  |
| Total fees and other income                                     |   | 793,273 |  |   | (105,643 | ) |   | 687,630 |  |   | 6,746 |  |   | 694,376 |  |
| Total non-interest income                                       |   | 802,980 |  |   | (105,643 | ) |   | 697,337 |  |   | 6,746 |  |   | 704,083 |  |
| Compensation and benefits                                       |   | 327,963 |  |   | — |  |   | 327,963 |  |   | (453 | ) |   | 327,510 |  |
| Loan expense                                                    |   | 100,760 |  |   | — |  |   | 100,760 |  |   | (5,753 | ) |   | 95,007 |  |
| Lease expense                                                   |   | 361,903 |  |   | (105,643 | ) |   | 256,260 |  |   | (2,931 | ) |   | 253,329 |  |
| Other administrative expenses                                   |   | 96,200 |  |   | — |  |   | 96,200 |  |   | 2,531 |  |   | 98,731 |  |
| Total general and administrative expenses                       |   | 1,144,848 |  |   | (105,643 | ) |   | 1,039,205 |  |   | (6,606 | ) |   | 1,032,599 |  |
| Income/(loss) before income taxes                               |   | 388,951 |  |   | 11,341 |  |   | 400,292 |  |   | 2,978 |  |   | 403,270 |  |
| Income tax provision/(benefit)                                  |   | 119,971 |  |   | 1,976 |  |   | 121,947 |  |   | 3,127 |  |   | 125,074 |  |
| Net income/(loss) including noncontrolling interest             |   | 268,980 |  |   | 9,365 |  |   | 278,345 |  |   | (149 | ) |   | 278,196 |  |
| Less: net income/(loss) attributable to noncontrolling interest |   | 101,535 |  |   | 3,989 |  |   | 105,524 |  |   | (352 | ) |   | 105,172 |  |
| Net income/(loss) attributable to SHUSA                         |   | $ | 167,445 |  |   | $ | 5,376 |  |   | $ | 172,821 |  |   | $ | 203 |  |   | $ | 173,024 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                            |   | (in thousands) |
| Loans                                                           |   | $ | 3,125,831 |  |   | $ | — |  |   | $ | 3,125,831 |  |   | $ | (29,351 | ) |   | $ | 3,096,480 |  |
| Available-for-sale                                              |   | 121,868 |  |   | — |  |   | 121,868 |  |   | (613 | ) |   | 121,255 |  |
| Total interest income                                           |   | 3,269,005 |  |   | — |  |   | 3,269,005 |  |   | (29,964 | ) |   | 3,239,041 |  |
| Net interest income                                             |   | 2,762,139 |  |   | — |  |   | 2,762,139 |  |   | (29,964 | ) |   | 2,732,175 |  |
| Provision for credit losses                                     |   | 1,021,364 |  |   | (135,501 | ) |   | 885,863 |  |   | 1,363 |  |   | 887,226 |  |
| Net interest income after provision for credit losses           |   | 1,740,775 |  |   | 135,501 |  |   | 1,876,276 |  |   | (31,327 | ) |   | 1,844,949 |  |
| Consumer fees                                                   |   | 179,677 |  |   | — |  |   | 179,677 |  |   | 3,192 |  |   | 182,869 |  |
| Equity method investments (loss)/income, net                    |   | 12,226 |  |   | — |  |   | 12,226 |  |   | 254 |  |   | 12,480 |  |
| Lease income                                                    |   | 381,493 |  |   | (88,261 | ) |   | 293,232 |  |   | (8,812 | ) |   | 284,420 |  |
| Miscellaneous income                                            |   | 339,861 |  |   | — |  |   | 339,861 |  |   | 4,721 |  |   | 344,582 |  |
| Total fees and other income                                     |   | 1,059,658 |  |   | (88,260 | ) |   | 971,398 |  |   | (646 | ) |   | 970,752 |  |
| Gain on Change in Control                                       |   | 2,428,539 |  |   | — |  |   | 2,428,539 |  |   | (10,976 | ) |   | 2,417,563 |  |
| Net gain/(loss) recognized in earnings                          |   | 2,439,888 |  |   | — |  |   | 2,439,888 |  |   | (10,976 | ) |   | 2,428,912 |  |
| Total non-interest income                                       |   | 3,499,546 |  |   | (88,260 | ) |   | 3,411,286 |  |   | (11,622 | ) |   | 3,399,664 |  |
| Compensation and benefits                                       |   | 603,386 |  |   | — |  |   | 603,386 |  |   | (827 | ) |   | 602,559 |  |
| Loan expense                                                    |   | 157,299 |  |   | — |  |   | 157,299 |  |   | (576 | ) |   | 156,723 |  |
| Lease expense                                                   |   | 299,159 |  |   | (88,261 | ) |   | 210,898 |  |   | (4,151 | ) |   | 206,747 |  |
| Other administrative expenses                                   |   | 129,188 |  |   | — |  |   | 129,188 |  |   | 3,982 |  |   | 133,170 |  |
| Total general and administrative expenses                       |   | 1,610,519 |  |   | (88,261 | ) |   | 1,522,258 |  |   | (1,572 | ) |   | 1,520,686 |  |
| Deposit insurance premiums and other costs                      |   | 28,970 |  |   | — |  |   | 28,970 |  |   | 9 |  |   | 28,979 |  |
| Impairment of capitalized software                              |   | 97,546 |  |   | — |  |   | 97,546 |  |   | (33,000 | ) |   | 64,546 |  |
| Total other expenses                                            |   | 163,091 |  |   | — |  |   | 163,091 |  |   | (32,991 | ) |   | 130,100 |  |
| Income/(loss) before income taxes                               |   | 3,466,711 |  |   | 135,502 |  |   | 3,602,213 |  |   | (8,386 | ) |   | 3,593,827 |  |
| Income tax provision/(benefit)                                  |   | 1,249,753 |  |   | 54,641 |  |   | 1,304,394 |  |   | (10,322 | ) |   | 1,294,072 |  |
| Net income/(loss) including noncontrolling interest             |   | 2,216,958 |  |   | 80,861 |  |   | 2,297,819 |  |   | 1,936 |  |   | 2,299,755 |  |
| Less: net income/(loss) attributable to noncontrolling interest |   | 244,213 |  |   | 33,376 |  |   | 277,589 |  |   | (5,442 | ) |   | 272,147 |  |
| Net income/(loss) attributable to SHUSA                         |   | $ | 1,972,745 |  |   | $ | 47,485 |  |   | $ | 2,020,230 |  |   | $ | 7,378 |  |   | $ | 2,027,608 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                            |   | (in thousands) |
| Loans                                                           |   | $ | 1,791,311 |  |   | $ | — |  |   | $ | 1,791,311 |  |   | $ | (23,331 | ) |   | $ | 1,767,980 |  |
| Available-for-sale                                              |   | 60,284 |  |   | — |  |   | 60,284 |  |   | (221 | ) |   | 60,063 |  |
| Total interest income                                           |   | 1,862,799 |  |   | — |  |   | 1,862,799 |  |   | (23,552 | ) |   | 1,839,247 |  |
| Net interest income                                             |   | 1,590,034 |  |   | — |  |   | 1,590,034 |  |   | (23,552 | ) |   | 1,566,482 |  |
| Provision for credit losses                                     |   | 686,034 |  |   | (125,442 | ) |   | 560,592 |  |   | 15,765 |  |   | 576,357 |  |
| Net interest income after provision for credit losses           |   | 904,000 |  |   | 125,442 |  |   | 1,029,442 |  |   | (39,317 | ) |   | 990,125 |  |
| Consumer fees                                                   |   | 96,713 |  |   | — |  |   | 96,713 |  |   | 3,192 |  |   | 99,905 |  |
| Equity method investments (loss)/income, net                    |   | (7,416 | ) |   | — |  |   | (7,416 | ) |   | 220 |  |   | (7,196 | ) |
| Lease income                                                    |   | 266,090 |  |   | (58,625 | ) |   | 207,465 |  |   | (12,073 | ) |   | 195,392 |  |
| Miscellaneous income                                            |   | 197,196 |  |   | — |  |   | 197,196 |  |   | 3,247 |  |   | 200,443 |  |
| Total fees and other income                                     |   | 628,885 |  |   | (58,623 | ) |   | 570,262 |  |   | (5,416 | ) |   | 564,846 |  |
| Total non-interest income                                       |   | 638,290 |  |   | (58,623 | ) |   | 579,667 |  |   | (5,416 | ) |   | 574,251 |  |
| Compensation and benefits                                       |   | 284,427 |  |   | — |  |   | 284,427 |  |   | (538 | ) |   | 283,889 |  |
| Occupancy and equipment expenses                                |   | 112,221 |  |   | — |  |   | 112,221 |  |   | 1 |  |   | 112,222 |  |
| Loan expense                                                    |   | 88,291 |  |   | — |  |   | 88,291 |  |   | (397 | ) |   | 87,894 |  |
| Lease expense                                                   |   | 210,199 |  |   | (58,625 | ) |   | 151,574 |  |   | (6,271 | ) |   | 145,303 |  |
| Other administrative expenses                                   |   | 77,033 |  |   | — |  |   | 77,033 |  |   | 2,021 |  |   | 79,054 |  |
| Total general and administrative expenses                       |   | 870,238 |  |   | (58,625 | ) |   | 811,613 |  |   | (5,184 | ) |   | 806,429 |  |
| Amortization of intangibles                                     |   | 20,892 |  |   | — |  |   | 20,892 |  |   | (1 | ) |   | 20,891 |  |
| Deposit insurance premiums and other costs                      |   | 14,553 |  |   | — |  |   | 14,553 |  |   | 6 |  |   | 14,559 |  |
| Impairment of capitalized software                              |   | 97,546 |  |   | — |  |   | 97,546 |  |   | (36,323 | ) |   | 61,223 |  |
| Total other expenses                                            |   | 132,991 |  |   | — |  |   | 132,991 |  |   | (36,318 | ) |   | 96,673 |  |
| Income/(loss) before income taxes                               |   | 539,061 |  |   | 125,444 |  |   | 664,505 |  |   | (3,231 | ) |   | 661,274 |  |
| Income tax provision/(benefit)                                  |   | 199,746 |  |   | 50,657 |  |   | 250,403 |  |   | (10,610 | ) |   | 239,793 |  |
| Net income/(loss) including noncontrolling interest             |   | 339,315 |  |   | 74,787 |  |   | 414,102 |  |   | 7,379 |  |   | 421,481 |  |
| Less: net income/(loss) attributable to noncontrolling interest |   | 136,473 |  |   | 30,870 |  |   | 167,343 |  |   | (6,952 | ) |   | 160,391 |  |
| Net income/(loss) attributable to SHUSA                         |   | $ | 202,842 |  |   | $ | 43,917 |  |   | $ | 246,759 |  |   | $ | 14,331 |  |   | $ | 261,090 |  |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                         |   | (in thousands) |
| Net income including noncontrolling interest                 |   | $ | 521,017 |  |   | $ | (89,834 | ) |   | $ | 431,183 |  |   | $ | (26,146 | ) |   | $ | 405,037 |  |
| Comprehensive income                                         |   | 491,925 |  |   | (89,834 | ) |   | 402,091 |  |   | (26,146 | ) |   | 375,945 |  |
| Comprehensive income attributable to noncontrolling interest |   | 194,985 |  |   | (37,137 | ) |   | 157,848 |  |   | (11,251 | ) |   | 146,597 |  |
| Comprehensive income attributable to SHUSA                   |   | $ | 296,940 |  |   | $ | (52,697 | ) |   | $ | 244,243 |  |   | $ | (14,895 | ) |   | $ | 229,348 |  |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                         |   | (in thousands) |
| Net income including noncontrolling interest                 |   | $ | 2,216,958 |  |   | $ | 80,861 |  |   | $ | 2,297,819 |  |   | $ | 1,936 |  |   | $ | 2,299,755 |  |
| Comprehensive income                                         |   | 2,353,422 |  |   | 80,861 |  |   | 2,434,283 |  |   | 1,936 |  |   | 2,436,219 |  |
| Comprehensive income attributable to noncontrolling interest |   | 244,213 |  |   | 33,376 |  |   | 277,589 |  |   | (5,442 | ) |   | 272,147 |  |
| Comprehensive income attributable to SHUSA                   |   | $ | 2,109,209 |  |   | $ | 47,485 |  |   | $ | 2,156,694 |  |   | $ | 7,378 |  |   | $ | 2,164,072 |  |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                         |   | (in thousands) |
| Net income including noncontrolling interest                 |   | $ | 268,980 |  |   | $ | 9,365 |  |   | $ | 278,345 |  |   | $ | (149 | ) |   | $ | 278,196 |  |
| Comprehensive income                                         |   | 188,398 |  |   | 9,365 |  |   | 197,763 |  |   | (149 | ) |   | 197,614 |  |
| Comprehensive income attributable to noncontrolling interest |   | 101,535 |  |   | 3,989 |  |   | 105,524 |  |   | (352 | ) |   | 105,172 |  |
| Comprehensive income attributable to SHUSA                   |   | $ | 86,863 |  |   | $ | 5,376 |  |   | $ | 92,239 |  |   | $ | 203 |  |   | $ | 92,442 |  |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                         |   | (in thousands) |
| Net income including noncontrolling interest                 |   | $ | 339,315 |  |   | $ | 74,787 |  |   | $ | 414,102 |  |   | $ | 7,379 |  |   | $ | 421,481 |  |
| Comprehensive income                                         |   | 384,596 |  |   | 74,787 |  |   | 459,383 |  |   | 7,379 |  |   | 466,762 |  |
| Comprehensive income attributable to noncontrolling interest |   | 136,473 |  |   | 30,870 |  |   | 167,343 |  |   | (6,952 | ) |   | 160,391 |  |
| Comprehensive income attributable to SHUSA                   |   | $ | 248,123 |  |   | $ | 43,917 |  |   | $ | 292,040 |  |   | $ | 14,331 |  |   | $ | 306,371 |  |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       | Retained Earnings |
|                                       | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                       | (in thousands) |
| Balance, Beginning of period               | $ | 3,714,642 |  |   | $ | 122,480 |  |   | $ | 3,837,122 |  |   | $ | 9,295 |  |   | $ | 3,846,417 |  |
| Comprehensive income attributable to SHUSA | 326,032 |  |   | (52,697 | ) |   | 273,335 |  |   | (14,895 | ) |   | 258,440 |  |
| Balance, End of period                     | $ | 4,033,374 |  |   | $ | 69,783 |  |   | $ | 4,103,157 |  |   | $ | (5,600 | ) |   | $ | 4,097,557 |  |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | Non-Controlling Interest |
|                                     | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                     | (in thousands) |
| Balance, Beginning of period             | $ | 3,960,809 |  |   | $ | 86,113 |  |   | $ | 4,046,922 |  |   | $ | 5,473 |  |   | $ | 4,052,395 |  |
| Comprehensive income attributable to NCI | 194,985 |  |   | (37,137 | ) |   | 157,848 |  |   | (11,251 | ) |   | 146,597 |  |
| Balance, End of period                   | $ | 4,253,517 |  |   | $ | 48,976 |  |   | $ | 4,302,493 |  |   | $ | (5,778 | ) |   | 4,296,715 |  |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       | Total Stockholder's Equity |
|                                       | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                       | (in thousands) |
| Balance, Beginning of period               | $ | 22,504,095 |  |   | $ | 208,593 |  |   | $ | 22,712,688 |  |   | $ | 14,768 |  |   | $ | 22,727,456 |  |
| Comprehensive income attributable to SHUSA | 296,940 |  |   | (52,697 | ) |   | 244,243 |  |   | (14,895 | ) |   | 229,348 |  |
| Comprehensive income attributable to NCI   | 194,985 |  |   | (37,137 | ) |   | 157,848 |  |   | (11,251 | ) |   | 146,597 |  |
| Balance, End of period                     | $ | 23,087,677 |  |   | $ | 118,759 |  |   | $ | 23,206,436 |  |   | $ | (11,378 | ) |   | $ | 23,195,058 |  |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       | Retained Earnings |
|                                       | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                       | (in thousands) |
| Balance, Beginning of period               | $ | 1,394,090 |  |   | $ | — |  |   | $ | 1,394,090 |  |   | $ | 32,115 |  |   | $ | 1,426,205 |  |
| Comprehensive income attributable to SHUSA | 1,972,745 |  |   | 47,485 |  |   | 2,020,230 |  |   | 7,378 |  |   | 2,027,608 |  |
| Balance, End of period                     | $ | 3,359,535 |  |   | $ | 47,485 |  |   | $ | 3,407,020 |  |   | $ | 39,493 |  |   | $ | 3,446,513 |  |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | Non-Controlling Interest |
|                                     | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                     | (in thousands) |
| Comprehensive income attributable to NCI | $ | — |  |   | $ | 277,589 |  |   | $ | 277,589 |  |   | $ | (5,442 | ) |   | $ | 272,147 |  |
| SCUSA Change in Control                  | 3,813,275 |  |   | (348,515 | ) |   | 3,464,760 |  |   | 18,686 |  |   | 3,483,446 |  |
| Dividends paid to NCI                    | — |  |   | — |  |   | — |  |   | (20,667 | ) |   | (20,667 | ) |
| Impact of SCUSA Stock Option Activity    | — |  |   | 104,301 |  |   | 104,301 |  |   | 1,982 |  |   | 106,283 |  |
| Balance, End of period                   | $ | 3,813,275 |  |   | $ | 33,375 |  |   | $ | 3,846,650 |  |   | $ | (5,441 | ) |   | $ | 3,841,209 |  |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       | Total Stockholder's Equity |
|                                       | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                       | (in thousands) |
| Balance, Beginning of period               | $ | 13,544,983 |  |   | $ | — |  |   | $ | 13,544,983 |  |   | $ | 32,115 |  |   | $ | 13,577,098 |  |
| Comprehensive income attributable to SHUSA | 2,109,209 |  |   | 47,485 |  |   | 2,156,694 |  |   | 7,378 |  |   | 2,164,072 |  |
| Comprehensive income attributable to NCI   | — |  |   | 277,589 |  |   | 277,589 |  |   | (5,442 | ) |   | 272,147 |  |
| SCUSA Change in Control                    | 3,813,275 |  |   | (348,515 | ) |   | 3,464,760 |  |   | 18,686 |  |   | 3,483,446 |  |
| Dividends paid to NCI                      | — |  |   | — |  |   | — |  |   | (20,667 | ) |   | (20,667 | ) |
| Impact of SCUSA Stock Option Activity      | — |  |   | 104,301 |  |   | 104,301 |  |   | 1,982 |  |   | 106,283 |  |
| Balance, End of period                     | $ | 21,979,960 |  |   | $ | 80,860 |  |   | $ | 22,060,820 |  |   | $ | 34,052 |  |   | $ | 22,094,872 |  |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                                |   | (in thousands) |
| Net income including noncontrolling interest                        |   | $ | 521,017 |  |   | $ | (89,834 | ) |   | $ | 431,183 |  |   | $ | (26,146 | ) |   | $ | 405,037 |  |
| Provision for credit losses                                         |   | 1,873,938 |  |   | 160,688 |  |   | 2,034,626 |  |   | (15,736 | ) |   | 2,018,890 |  |
| Deferred tax expense/(benefit)                                      |   | 11,246 |  |   | (70,854 | ) |   | (59,608 | ) |   | 4,149 |  |   | (55,459 | ) |
| Depreciation, amortization and accretion                            |   | 86,755 |  |   | — |  |   | 86,755 |  |   | 81,433 |  |   | 168,188 |  |
| Net gain on sale of loans                                           |   | (98,350 | ) |   | — |  |   | (98,350 | ) |   | (3,400 | ) |   | (101,750 | ) |
| Stock-based compensation                                            |   | 8,707 |  |   | — |  |   | 8,707 |  |   | 3,038 |  |   | 11,745 |  |
| Net change in other assets and bank-owned life insurance            |   | 287,566 |  |   | — |  |   | 287,566 |  |   | (56,062 | ) |   | 231,504 |  |
| Net change in other liabilities                                     |   | 153,881 |  |   | — |  |   | 153,881 |  |   | 1,978 |  |   | 155,859 |  |
| Net cash provided by operating activities                           |   | 2,523,943 |  |   | — |  |   | 2,523,943 |  |   | (10,746 | ) |   | 2,513,197 |  |
| Proceeds from the sale of leased vehicles                           |   | 1,460,792 |  |   | — |  |   | 1,460,792 |  |   | 2,788 |  |   | 1,463,580 |  |
| Manufacturer incentives                                             |   | 658,753 |  |   | — |  |   | 658,753 |  |   | (821 | ) |   | 657,932 |  |
| Net cash used in investing activities                               |   | (9,482,840 | ) |   | — |  |   | (9,482,840 | ) |   | 1,967 |  |   | (9,480,873 | ) |
| Net change in advance payments by borrowers for taxes and insurance |   | 17,007 |  |   | — |  |   | 17,007 |  |   | (153 | ) |   | 16,854 |  |
| Net cash provided by financing activities                           |   | 6,978,405 |  |   | — |  |   | 6,978,405 |  |   | (154 | ) |   | 6,978,251 |  |
| Net increase in cash and cash equivalents                           |   | 19,508 |  |   | — |  |   | 19,508 |  |   | (8,933 | ) |   | 10,575 |  |
| Cash and cash equivalents, beginning of period                      |   | 2,234,725 |  |   | — |  |   | 2,234,725 |  |   | (32,942 | ) |   | 2,201,783 |  |
| Cash and cash equivalents, end of period                            |   | $ | 2,254,233 |  |   | $ | — |  |   | $ | 2,254,233 |  |   | $ | (41,875 | ) |   | $ | 2,212,358 |  |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     |   | As Originally Reported (1) |   | Corrections |   | As Reported (2) |   | Corrections |   | As Restated |
|                                                     |   | (in thousands) |
| Net income including noncontrolling interest             |   | $ | 2,216,958 |  |   | $ | 80,861 |  |   | $ | 2,297,819 |  |   | $ | 1,936 |  |   | $ | 2,299,755 |  |
| Gain on SCUSA Change in Control                          |   | (2,291,003 | ) |   | — |  |   | (2,291,003 | ) |   | 10,976 |  |   | (2,280,027 | ) |
| Impairment of capitalized software                       |   | — |  |   | — |  |   | — |  |   | 64,546 |  |   | 64,546 |  |
| Provision for credit losses                              |   | 1,021,364 |  |   | (135,501 | ) |   | 885,863 |  |   | 1,363 |  |   | 887,226 |  |
| Deferred tax expense                                     |   | 854,940 |  |   | 54,640 |  |   | 909,580 |  |   | 97,520 |  |   | 1,007,100 |  |
| Depreciation, amortization and accretion                 |   | (188,097 | ) |   | — |  |   | (188,097 | ) |   | 44,349 |  |   | (143,748 | ) |
| Equity earnings on equity method investments             |   | (12,226 | ) |   | — |  |   | (12,226 | ) |   | (254 | ) |   | (12,480 | ) |
| Net change in other assets and bank-owned life insurance |   | 653,823 |  |   | — |  |   | 653,823 |  |   | (35,979 | ) |   | 617,844 |  |
| Net change in other liabilities                          |   | 154,390 |  |   | — |  |   | 154,390 |  |   | (244,512 | ) |   | (90,122 | ) |
| Net cash provided by operating activities                |   | 2,395,560 |  |   | — |  |   | 2,395,560 |  |   | (60,055 | ) |   | 2,335,505 |  |
| Net change in restricted cash                            |   | (324,422 | ) |   | — |  |   | (324,422 | ) |   | 8,387 |  |   | (316,035 | ) |
| Purchases of leased vehicles                             |   | (3,162,089 | ) |   | — |  |   | (3,162,089 | ) |   | (33,043 | ) |   | (3,195,132 | ) |
| Manufacturer incentives                                  |   | 479,924 |  |   | — |  |   | 479,924 |  |   | 98,836 |  |   | 578,760 |  |
| Net cash used in investing activities                    |   | (6,696,919 | ) |   | — |  |   | (6,696,919 | ) |   | 74,180 |  |   | (6,622,739 | ) |
| Net change in short-term borrowings                      |   | 1,469,294 |  |   | — |  |   | 1,469,294 |  |   | 6,940 |  |   | 1,476,234 |  |
| Net proceeds from long-term borrowings                   |   | 18,173,797 |  |   | — |  |   | 18,173,797 |  |   | (6,798 | ) |   | 18,166,999 |  |
| Net cash provided by financing activities                |   | 4,460,060 |  |   | — |  |   | 4,460,060 |  |   | 142 |  |   | 4,460,202 |  |
| Net increase in cash and cash equivalents                |   | 158,701 |  |   | — |  |   | 158,701 |  |   | 14,267 |  |   | 172,968 |  |
| Cash and cash equivalents, end of period                 |   | $ | 4,385,648 |  |   | $ | — |  |   | $ | 4,385,648 |  |   | $ | 14,267 |  |   | $ | 4,399,915 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                              |
|------------------------------|
|                              |  |  |
|                         |   | June 30, 2015 |
| Dow Jones Industrial Average |   | (0.3)% |
| S&P 500                  |   | 0.4% |
| NASDAQ Composite             |   | 13.4% |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|          |   | June 30, 2015 |
| Country       |   |  Covered Bonds |   | Financial Institution Bonds |   | Non-Financial Institutions Bonds |   | Total |
|          |   | (in thousands) |
| France        |   | $ | — |  |   | $ | 31,010 |  |   | $ | 4,958 |  |   | $ | 35,968 |  |
| Germany       |   | — |  |   | — |  |   | 138,572 |  |   | 138,572 |  |
| Great Britain |   | — |  |   | 80,123 |  |   | 278,427 |  |   | 358,550 |  |
| Italy         |   | — |  |   | 15,784 |  |   | 57,241 |  |   | 73,025 |  |
| Netherlands   |   | — |  |   | 45,961 |  |   | — |  |   | 45,961 |  |
| Norway        |   | — |  |   | — |  |   | 7,995 |  |   | 7,995 |  |
| Portugal      |   | — |  |   | — |  |   | 40,917 |  |   | 40,917 |  |
| Spain         |   | 93,635 |  |   | 11,013 |  |   | 44,290 |  |   | 148,938 |  |
| Sweden        |   | — |  |   | 72,869 |  |   | — |  |   | 72,869 |  |
| Switzerland   |   | — |  |   | 14,971 |  |   | — |  |   | 14,971 |  |
|          |   | $ | 93,635 |  |   | $ | 271,731 |  |   | $ | 572,400 |  |   | $ | 937,766 |  |

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|          |   | December 31, 2014 |
| Country       |   |  Covered Bonds |   | Financial Institution Bonds |   | Non-Financial Institutions Bonds |   | Total |
|          |   | (in thousands) |
| France        |   | $ | — |  |   | $ | 143,475 |  |   | $ | 4,953 |  |   | $ | 148,428 |  |
| Germany       |   | — |  |   | — |  |   | 139,233 |  |   | 139,233 |  |
| Great Britain |   | — |  |   | 119,048 |  |   | 295,436 |  |   | 414,484 |  |
| Italy         |   | — |  |   | 48,765 |  |   | 57,803 |  |   | 106,568 |  |
| Netherlands   |   | — |  |   | 49,886 |  |   | — |  |   | 49,886 |  |
| Norway        |   | — |  |   | — |  |   | 7,994 |  |   | 7,994 |  |
| Portugal      |   | — |  |   | — |  |   | 41,081 |  |   | 41,081 |  |
| Spain         |   | 93,938 |  |   | 78,098 |  |   | 61,355 |  |   | 233,391 |  |
| Sweden        |   | — |  |   | 77,847 |  |   | — |  |   | 77,847 |  |
| Switzerland   |   | — |  |   | 14,970 |  |   | — |  |   | 14,970 |  |
|          |   | $ | 93,938 |  |   | $ | 532,089 |  |   | $ | 607,855 |  |   | $ | 1,233,882 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                |
|----------------|
|                |  |  |  |  |  |  |  |  |  |  |  |
|           | BANK |   | SHUSA |   | SANTANDER |   | SPAIN |
|           | Moody's | S&P |   | Moody's | S&P |   | Moody's | S&P |   | Moody's | S&P |
| LT Senior Debt | Baa2 | BBB |   | Baa2 | BBB |   | A3 | BBB+ |   | Baa2 | BBB |
| ST Deposits    | P-1 | A-2 |   | n/a | A-2 |   | P-2 | A-2 |   | n/a | A-2 |
| Outlook        | Stable | Stable |   | Negative | Stable |   | Positive | Stable |   | Positive | Stable |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|         |                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Santander UK plc ("Santander UK") holds frozen savings and current accounts for two customers resident in the U.K. who are currently designated by the U.S. for terrorism. The accounts held by each customer were blocked after the customer's designation and have remained blocked and dormant throughout the first half of 2015. No revenue has been generated by Santander UK on these accounts. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | An Iranian national, resident in the U.K., who is currently designated by the U.S. under the Iranian Financial Sanctions Regulations and the Weapons of Mass Destruction Proliferators ("NPWMD") designation, holds a mortgage with Santander U.K. that was issued prior to any such designation. No further draw-down has been made (or would be allowed) under this mortgage, although Santander U.K. continues to receive repayment installments. In the first half of 2015, total revenue in connection with this mortgage was approximately £1,780, while net profits were negligible relative to the overall profits of Santander U.K. Santander U.K. does not intend to enter into any new relationships with this customer, and any disbursements will only be made in accordance with applicable sanctions. The same Iranian national also holds two investment accounts with Santander Asset Management UK Limited. The accounts have remained frozen during the first half of 2015. The investment returns are being automatically reinvested, and no disbursements have been made to the customer. Total revenue for the Santander group in connection with the investment accounts was approximately £120 while net profits in the first half of 2015 were negligible relative to the overall profits of Santander. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                | (As Restated) |
|                                | (in thousands) |
| Net interest income                 | $ | 1,726,779 |  |   | $ | 1,566,482 |  |   | $ | 3,349,836 |  |   | $ | 2,732,175 |  |
| Provision for credit losses         | (965,251 | ) |   | (576,357 | ) |   | (2,018,890 | ) |   | (887,226 | ) |
| Total non-interest income           | 704,083 |  |   | 574,251 |  |   | 1,290,586 |  |   | 3,399,664 |  |
| General and administrative expenses | (1,032,599 | ) |   | (806,429 | ) |   | (1,992,106 | ) |   | (1,520,686 | ) |
| Other expenses                      | (29,742 | ) |   | (96,673 | ) |   | (62,406 | ) |   | (130,100 | ) |
| Income before income taxes          | 403,270 |  |   | 661,274 |  |   | 567,020 |  |   | 3,593,827 |  |
| Income tax provision                | (125,074 | ) |   | (239,793 | ) |   | (161,983 | ) |   | (1,294,072 | ) |
| Net income(1)                       | $ | 278,196 |  |   | $ | 421,481 |  |   | $ | 405,037 |  |   | $ | 2,299,755 |  |

|         |                                                                                                                                                                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net interest income increased $160.3 million and $617.7 million for the three-month and six-month periods ended June 30, 2015, respectively, compared to the corresponding period in 2014. The increases were primarily due to the increased interest income as a result of the growing retail installment contract and auto loans portfolio. |

|         |                                                                                                                                                                                                                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The provision for credit losses increased $388.9 million and $1.1 billion for the three-month and six-month periods ended June 30, 2015, respectively, compared to the corresponding period in 2014. The increases were primarily due to the continued growth in retail installment contracts and the related provisioning for this portfolio. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Total non-interest income increased $129.8 million and decreased $2.1 billion for the three-month and six-month periods ended June 30, 2015, respectively, compared to the corresponding periods in 2014. The decrease for the six-month period was primarily due to the one-time net gain recognized in the first quarter of 2014 related to the Change in Control. The increase for the three-month period was primarily due to higher lease income in the current period. |

|         |                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Total general and administrative expenses increased $226.2 million and $471.4 million for the three-month and six-month periods ended June 30, 2015, respectively, compared to the corresponding periods in 2014. The increases were primarily due to increases in lease expense, as well as compensation and benefits. |

|         |                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Other expenses decreased $66.9 million and $67.7 million for the three-month and six-month periods ended June 30, 2015, respectively, compared to the corresponding period in 2014. The decreases were primarily due to a one-time impairment charge on long-lived assets in the second quarter of 2014. |

|         |                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The income tax provision decreased $114.7 million and $1.1 billion for the three-month and six-month periods ended June 30, 2015, respectively, compared to the corresponding periods in 2014. The decrease was due to lower taxable income in the current period. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET / TAX EQUIVALENT NET INTEREST MARGIN ANALYSIS |
| THREE-MONTH PERIODS ENDED JUNE 30, 2015 AND 2014                                           |
|                                                                                       | 2015 (1) |   | 2014 |
|                                                                                       | AverageBalance |   | Interest Income |   | Yield/Rate |   | AverageBalance |   | Interest Income |   | Yield/Rate |
|                                                                                       | As Restated |
|                                                                                       | (in thousands) |
| EARNING ASSETS                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| INVESTMENTS AND INTEREST EARNING DEPOSITS                                                  | $ | 20,310,189 |  |   | $ | 88,127 |  |   | 1.83 | % |   | $ | 13,905,358 |  |   | $ | 71,267 |  |   | 2.31 | % |
| LOANS(2):                                                                                  |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loans                                                                           | 29,953,810 |  |   | 228,462 |  |   | 3.10 | % |   | 25,526,305 |  |   | 208,114 |  |   | 3.31 | % |
| Multi-family                                                                               | 8,430,825 |  |   | 90,772 |  |   | 4.31 | % |   | 9,323,781 |  |   | 95,713 |  |   | 4.12 | % |
| Consumer loans:                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgages                                                                      | 6,889,879 |  |   | 66,875 |  |   | 3.88 | % |   | 9,600,362 |  |   | 96,021 |  |   | 4.00 | % |
| Home equity loans and lines of credit                                                      | 6,171,776 |  |   | 54,560 |  |   | 3.54 | % |   | 6,206,472 |  |   | 55,346 |  |   | 3.57 | % |
| Total consumer loans secured by real estate                                                | 13,061,655 |  |   | 121,435 |  |   | 3.72 | % |   | 15,806,834 |  |   | 151,367 |  |   | 3.83 | % |
| Retail installment contracts and auto loans                                                | 24,694,494 |  |   | 1,305,456 |  |   | 21.15 | % |   | 21,325,903 |  |   | 1,114,382 |  |   | 20.90 | % |
| Personal unsecured                                                                         | 2,778,999 |  |   | 164,017 |  |   | 23.61 | % |   | 1,707,820 |  |   | 164,416 |  |   | 38.51 | % |
| Other consumer(3)                                                                          | 1,197,693 |  |   | 26,085 |  |   | 8.71 | % |   | 1,509,581 |  |   | 33,988 |  |   | 9.01 | % |
| Total consumer                                                                             | 41,732,841 |  |   | 1,616,993 |  |   | 15.50 | % |   | 40,350,138 |  |   | 1,464,153 |  |   | 14.51 | % |
| Total loans                                                                                | 80,117,476 |  |   | 1,936,227 |  |   | 9.69 | % |   | 75,200,224 |  |   | 1,767,980 |  |   | 9.42 | % |
| Allowance for loan losses (4)                                                              | (2,536,867 | ) |   | — |  |   | — | % |   | (1,250,088 | ) |   | — |  |   | — | % |
| NET LOANS                                                                                  | 77,580,609 |  |   | 1,936,227 |  |   | 10.00 | % |   | 73,950,136 |  |   | 1,767,980 |  |   | 9.58 | % |
| Intercompany Investments                                                                   | 14,640 |  |   | $ | 222 |  |   | 6.07 | % |   | 14,640 |  |   | $ | 221 |  |   | 6.04 | % |
| TOTAL EARNING ASSETS                                                                       | 97,905,438 |  |   | $ | 2,024,576 |  |   | 8.31 | % |   | 87,870,134 |  |   | $ | 1,839,468 |  |   | 8.43 | % |
| Other assets(5)                                                                            | 25,874,760 |  |   |   |   |   |   | 21,266,852 |  |   |   |   |   |
| TOTAL ASSETS                                                                               | $ | 123,780,198 |  |   |   |   |   |   | $ | 109,136,986 |  |   |   |   |   |
| INTEREST BEARING FUNDING LIABILITIES                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Deposits and other customer related accounts:                                              |   |   |   |   |   |   |   |   |   |   |   |
| Interest bearing demand deposits                                                           | $ | 11,523,640 |  |   | $ | 13,410 |  |   | 0.47 | % |   | $ | 10,946,896 |  |   | $ | 8,278 |  |   | 0.30 | % |
| Savings                                                                                    | 4,007,949 |  |   | 1,228 |  |   | 0.12 | % |   | 4,092,262 |  |   | 1,397 |  |   | 0.14 | % |
| Money market                                                                               | 22,561,364 |  |   | 31,689 |  |   | 0.56 | % |   | 19,126,367 |  |   | 19,384 |  |   | 0.41 | % |
| Certificates of deposit                                                                    | 8,335,560 |  |   | 18,866 |  |   | 0.91 | % |   | 7,277,223 |  |   | 19,750 |  |   | 1.09 | % |
| TOTAL INTEREST BEARING DEPOSITS                                                            | 46,428,513 |  |   | 65,193 |  |   | 0.56 | % |   | 41,442,748 |  |   | 48,809 |  |   | 0.47 | % |
| BORROWED FUNDS:                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| FHLB advances                                                                              | 8,565,055 |  |   | 44,156 |  |   | 2.06 | % |   | 7,045,631 |  |   | 66,321 |  |   | 3.77 | % |
| Federal funds and repurchase agreements                                                    | 20,055 |  |   | 9 |  |   | 0.18 | % |   | 1,923 |  |   | — |  |   | —% |  |
| Other borrowings                                                                           | 34,137,005 |  |   | 188,217 |  |   | 2.21 | % |   | 28,342,100 |  |   | 157,635 |  |   | 2.22 | % |
| TOTAL BORROWED FUNDS (6)                                                                   | 42,722,115 |  |   | 232,382 |  |   | 2.18 | % |   | 35,389,654 |  |   | 223,956 |  |   | 2.53 | % |
| TOTAL INTEREST BEARING FUNDING LIABILITIES                                                 | 89,150,628 |  |   | 297,575 |  |   | 1.34 | % |   | 76,832,402 |  |   | 272,765 |  |   | 1.42 | % |
| Noninterest bearing demand deposits                                                        | 8,007,247 |  |   |   |   |   |   | 7,883,428 |  |   |   |   |   |
| Other liabilities(7)                                                                       | 3,443,964 |  |   |   |   |   |   | 2,524,292 |  |   |   |   |   |
| TOTAL LIABILITIES                                                                          | 100,601,839 |  |   |   |   |   |   | 87,240,122 |  |   |   |   |   |
| STOCKHOLDER’S EQUITY                                                                 | 23,178,359 |  |   |   |   |   |   | 21,896,864 |  |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY                                           | $ | 123,780,198 |  |   |   |   |   |   | $ | 109,136,986 |  |   |   |   |   |
| TAXABLE EQUIVALENT NET INTEREST INCOME                                                     |   |   | $ | 1,735,205 |  |   |   |   |   |   | $ | 1,579,079 |  |   |   |
| NET INTEREST SPREAD (8)                                                                    |   |   |   |   | 6.97 | % |   |   |   |   |   | 7.01 | % |
| NET INTEREST MARGIN (9)                                                                    |   |   |   |   | 7.08 | % |   |   |   |   |   | 7.19 | % |

|     |                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Average balances are based on daily averages when available. When daily averages are unavailable, mid-month averages are substituted. |

|     |                                                                                                                                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Interest on loans includes amortization of premiums and discounts on purchased loan portfolios and amortization of deferred loan fees, net of origination costs. Average loan balances includes non-accrual loans and loans-held-for-sale ("LHFS"). |

|     |                                                                                 |
|-----|---------------------------------------------------------------------------------|
| (3) | Other consumer primarily includes recreational vehicle ("RV") and marine loans. |

|     |                                                                                            |
|-----|--------------------------------------------------------------------------------------------|
| (4) | Refer to Note 5 to the Condensed Consolidated Financial Statements for further discussion. |

|     |                                                                                                                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Other assets primarily includes goodwill and intangibles, premise and equipment, net deferred tax assets, equity method investments, BOLI, accrued interest receivable, derivative assets, miscellaneous receivables, prepaid expenses and MSRs. Refer to Note 9 to the Condensed Consolidated Financial Statements for further discussion. |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (6) | Refer to Note 10 to the Condensed Consolidated Financial Statements for further discussion. |

|     |                                                                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Other liabilities primarily includes accounts payable and accrued expenses, derivative liabilities, net deferred tax liabilities and the unfunded lending commitments liability. |

|     |                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------|
| (8) | Represents the difference between the yield on total earning assets and the cost of total funding liabilities. |

|     |                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------|
| (9) | Represents annualized, taxable equivalent net interest income divided by average interest-earning assets. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET / TAX EQUIVALENT NET INTEREST MARGIN ANALYSIS |
| SIX-MONTH PERIODS ENDED JUNE 30, 2015 AND 2014                                             |
|                                                                                       | 2015 (1) |   | 2014 |
|                                                                                       | AverageBalance |   | Interest Income |   | Yield/Rate |   | AverageBalance |   | Interest Income |   | Yield/Rate |
|                                                                                       | As Restated |
|                                                                                       | (in thousands) |
| EARNING ASSETS                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| INVESTMENTS AND INTEREST EARNING DEPOSITS                                                  | $ | 19,506,486 |  |   | $ | 186,374 |  |   | 2.04 | % |   | $ | 14,644,024 |  |   | $ | 142,561 |  |   | 2.20 | % |
| LOANS(2):                                                                                  |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loans                                                                           | 29,160,969 |  |   | 448,998 |  |   | 3.13 | % |   | 24,927,338 |  |   | 411,427 |  |   | 3.35 | % |
| Multi-family                                                                               | 8,502,620 |  |   | 180,078 |  |   | 4.24 | % |   | 9,138,797 |  |   | 186,017 |  |   | 4.08 | % |
| Consumer loans:                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgages                                                                      | 6,899,997 |  |   | 136,446 |  |   | 3.95 | % |   | 9,614,289 |  |   | 192,583 |  |   | 4.01 | % |
| Home equity loans and lines of credit                                                      | 6,183,243 |  |   | 109,063 |  |   | 3.53 | % |   | 6,230,876 |  |   | 110,630 |  |   | 3.55 | % |
| Total consumer loans secured by real estate                                                | 13,083,240 |  |   | 245,509 |  |   | 3.75 | % |   | 15,845,165 |  |   | 303,213 |  |   | 3.83 | % |
| Retail installment contracts and auto loans                                                | 23,903,320 |  |   | 2,464,733 |  |   | 20.62 | % |   | 17,521,610 |  |   | 1,862,590 |  |   | 21.26 | % |
| Personal unsecured                                                                         | 2,745,867 |  |   | 345,073 |  |   | 25.13 | % |   | 1,437,366 |  |   | 272,502 |  |   | 37.92 | % |
| Other consumer(3)                                                                          | 1,235,365 |  |   | 55,514 |  |   | 8.99 | % |   | 1,502,544 |  |   | 60,731 |  |   | 8.08 | % |
| Total consumer                                                                             | 40,967,792 |  |   | 3,110,829 |  |   | 15.19 | % |   | 36,306,685 |  |   | 2,499,036 |  |   | 13.77 | % |
| Total loans                                                                                | 78,631,381 |  |   | 3,739,905 |  |   | 9.54 | % |   | 70,372,820 |  |   | 3,096,480 |  |   | 8.81 | % |
| Allowance for loan losses (4)                                                              | (2,176,075 | ) |   | — |  |   | — | % |   | (1,086,096 | ) |   | — |  |   | — | % |
| NET LOANS                                                                                  | 76,455,306 |  |   | 3,739,905 |  |   | 9.80 | % |   | 69,286,724 |  |   | 3,096,480 |  |   | 8.96 | % |
| Intercompany Investments                                                                   | 14,640 |  |   | $ | 442 |  |   | 6.06 | % |   | 22,568 |  |   | $ | 613 |  |   | 5.43 | % |
| TOTAL EARNING ASSETS                                                                       | 95,976,432 |  |   | $ | 3,926,721 |  |   | 8.24 | % |   | 83,953,316 |  |   | $ | 3,239,655 |  |   | 7.78 | % |
| Other assets(5)                                                                            | 25,514,803 |  |   |   |   |   |   | 19,023,496 |  |   |   |   |   |
| TOTAL ASSETS                                                                               | $ | 121,491,235 |  |   |   |   |   |   | $ | 102,976,812 |  |   |   |   |   |
| INTEREST BEARING FUNDING LIABILITIES                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Deposits and other customer related accounts:                                              |   |   |   |   |   |   |   |   |   |   |   |
| Interest bearing demand deposits                                                           | $ | 11,559,856 |  |   | $ | 26,252 |  |   | 0.45 | % |   | $ | 10,799,201 |  |   | $ | 15,141 |  |   | 0.28 | % |
| Savings                                                                                    | 3,955,886 |  |   | 2,430 |  |   | 0.12 | % |   | 4,027,282 |  |   | 2,672 |  |   | 0.13 | % |
| Money market                                                                               | 22,310,297 |  |   | 62,042 |  |   | 0.56 | % |   | 19,069,057 |  |   | 38,373 |  |   | 0.40 | % |
| Certificates of deposit                                                                    | 8,260,754 |  |   | 37,862 |  |   | 0.92 | % |   | 7,621,537 |  |   | 41,570 |  |   | 1.09 | % |
| TOTAL INTEREST BEARING DEPOSITS                                                            | 46,086,793 |  |   | 128,586 |  |   | 0.56 | % |   | 41,517,077 |  |   | 97,756 |  |   | 0.47 | % |
| BORROWED FUNDS:                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| FHLB advances                                                                              | 7,865,193 |  |   | 87,536 |  |   | 2.23 | % |   | 7,458,034 |  |   | 138,403 |  |   | 3.71 | % |
| Federal funds and repurchase agreements                                                    | 22,376 |  |   | 17 |  |   | 0.15 | % |   | 967 |  |   | — |  |   | —% |  |
| Other borrowings                                                                           | 33,021,763 |  |   | 360,304 |  |   | 2.18 | % |   | 23,966,595 |  |   | 270,707 |  |   | 2.26 | % |
| TOTAL BORROWED FUNDS (6)                                                                   | 40,909,332 |  |   | 447,857 |  |   | 2.19 | % |   | 31,425,596 |  |   | 409,110 |  |   | 2.60 | % |
| TOTAL INTEREST BEARING FUNDING LIABILITIES                                                 | 86,996,125 |  |   | 576,443 |  |   | 1.33 | % |   | 72,942,673 |  |   | 506,866 |  |   | 1.39 | % |
| Noninterest bearing demand deposits                                                        | 7,975,324 |  |   |   |   |   |   | 7,897,985 |  |   |   |   |   |
| Other liabilities(7)                                                                       | 3,455,955 |  |   |   |   |   |   | 2,098,570 |  |   |   |   |   |
| TOTAL LIABILITIES                                                                          | 98,427,404 |  |   |   |   |   |   | 82,939,228 |  |   |   |   |   |
| STOCKHOLDER’S EQUITY                                                                 | 23,063,831 |  |   |   |   |   |   | 20,037,584 |  |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY                                           | $ | 121,491,235 |  |   |   |   |   |   | $ | 102,976,812 |  |   |   |   |   |
| TAXABLE EQUIVALENT NET INTEREST INCOME                                                     |   |   | $ | 3,369,706 |  |   |   |   |   |   | $ | 2,757,485 |  |   |   |
| NET INTEREST SPREAD (8)                                                                    |   |   |   |   | 6.90 | % |   |   |   |   |   | 6.39 | % |
| NET INTEREST MARGIN (9)                                                                    |   |   |   |   | 7.03 | % |   |   |   |   |   | 6.57 | % |

|     |                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Average balances are based on daily averages when available. When daily averages are unavailable, mid-month averages are substituted. |

|     |                                                                                                                                                                                                                             |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Interest on loans includes amortization of premiums and discounts on purchased loan portfolios and amortization of deferred loan fees, net of origination costs. Average loan balances includes non-accrual loans and LHFS. |

|     |                                                        |
|-----|--------------------------------------------------------|
| (3) | Other consumer primarily includes RV and marine loans. |

|     |                                                                                            |
|-----|--------------------------------------------------------------------------------------------|
| (4) | Refer to Note 5 to the Condensed Consolidated Financial Statements for further discussion. |

|     |                                                                                                                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Other assets primarily includes goodwill and intangibles, premise and equipment, net deferred tax assets, equity method investments, BOLI, accrued interest receivable, derivative assets, miscellaneous receivables, prepaid expenses and MSRs. Refer to Note 9 to the Condensed Consolidated Financial Statements for further discussion. |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (6) | Refer to Note 10 to the Condensed Consolidated Financial Statements for further discussion. |

|     |                                                                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Other liabilities primarily includes accounts payable and accrued expenses, derivative liabilities, net deferred tax liabilities and the unfunded lending commitments liability. |

|     |                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------|
| (8) | Represents the difference between the yield on total earning assets and the cost of total funding liabilities. |

|     |                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------|
| (9) | Represents annualized, taxable equivalent net interest income divided by average interest-earning assets. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                         | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                                         | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                                         | (in thousands) |
|                                                                         | (As Restated) |   | (As Restated) |   | (As Restated) |   | (As Restated) |
| INTEREST INCOME:                                                             |   |   |   |   |   |   |   |
| Interest-earning deposits                                                    | $ | 1,057 |  |   | $ | 1,566 |  |   | $ | 2,819 |  |   | $ | 3,561 |  |
| Investments available-for-sale                                               | 77,045 |  |   | 60,063 |  |   | 154,462 |  |   | 121,255 |  |
| Other investments                                                            | 10,025 |  |   | 9,638 |  |   | 29,093 |  |   | 17,745 |  |
| Total interest income on investment securities and interest-earning deposits | 88,127 |  |   | 71,267 |  |   | 186,374 |  |   | 142,561 |  |
| Interest on loans                                                            | 1,936,227 |  |   | 1,767,980 |  |   | 3,739,905 |  |   | 3,096,480 |  |
| Total Interest Income                                                        | 2,024,354 |  |   | 1,839,247 |  |   | 3,926,279 |  |   | 3,239,041 |  |
| INTEREST EXPENSE:                                                            |   |   |   |   |   |   |   |
| Deposits and customer accounts                                               | 65,193 |  |   | 48,809 |  |   | 128,586 |  |   | 97,756 |  |
| Borrowings and other debt obligations                                        | 232,382 |  |   | 223,956 |  |   | 447,857 |  |   | 409,110 |  |
| Total Interest Expense                                                       | 297,575 |  |   | 272,765 |  |   | 576,443 |  |   | 506,866 |  |
|  NET INTEREST INCOME                                                    | $ | 1,726,779 |  |   | $ | 1,566,482 |  |   | $ | 3,349,836 |  |   | $ | 2,732,175 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                          | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                          | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                          | As Restated |
|                                                          | (in thousands) |
| Allowance for loan losses, beginning of period                | $ | 2,281,287 |  |   | $ | 1,090,632 |  |   | $ | 1,701,602 |  |   | $ | 834,337 |  |
| Charge-offs:                                                  |   |   |   |   |   |   |   |
| Commercial                                                    | (31,846 | ) |   | (22,885 | ) |   | (51,184 | ) |   | (52,478 | ) |
| Consumer(2)                                                   | (879,302 | ) |   | (613,381 | ) |   | (1,822,278 | ) |   | (756,627 | ) |
| Total charge-offs                                             | (911,148 | ) |   | (636,266 | ) |   | (1,873,462 | ) |   | (809,105 | ) |
| Recoveries:                                                   |   |   |   |   |   |   |   |
| Commercial                                                    | 8,174 |  |   | 4,321 |  |   | 14,173 |  |   | 9,710 |  |
| Consumer                                                      | 501,089 |  |   | 257,611 |  |   | 1,005,567 |  |   | 330,487 |  |
| Total recoveries                                              | 509,263 |  |   | 261,932 |  |   | 1,019,740 |  |   | 340,197 |  |
| Charge-offs, net of recoveries                                | (401,885 | ) |   | (374,334 | ) |   | (853,722 | ) |   | (468,908 | ) |
| Provision for loan losses (1)                                 | 955,251 |  |   | 581,357 |  |   | 2,013,890 |  |   | 932,226 |  |
| Other(2):                                                     |   |   |   |   |   |   |   |
| Consumer                                                      | — |  |   | — |  |   | (27,117 | ) |   |   |
| Allowance for loan losses, end of period                      | $ | 2,834,653 |  |   | $ | 1,297,655 |  |   | $ | 2,834,653 |  |   | $ | 1,297,655 |  |
|                                                          |   |   |   |   |   |   |   |
| Reserve for unfunded lending commitments, beginning of period | $ | 127,641 |  |   | $ | 180,000 |  |   | $ | 132,641 |  |   | $ | 220,000 |  |
| Provision for unfunded lending commitments (1)                | 10,000 |  |   | (5,000 | ) |   | 5,000 |  |   | (45,000 | ) |
| Loss on unfunded lending commitments                          | — |  |   | (4,726 | ) |   | — |  |   | (4,726 | ) |
| Reserve for unfunded lending commitments, end of period       | 137,641 |  |   | 170,274 |  |   | 137,641 |  |   | 170,274 |  |
| Total allowance for credit losses, end of period              | $ | 2,972,294 |  |   | $ | 1,467,929 |  |   | $ | 2,972,294 |  |   | $ | 1,467,929 |  |

|     |                                                                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The provision for credit losses in the Condensed Consolidated Statement of Operations is the sum of the total provision for loan losses and provision for unfunded lending commitments. |

|     |                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------|
| (2) | Unallocated charge-offs for the three-months and six-months ended June 30, 2015 and 2014 is included in Consumer. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                    | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                    | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                    | As Restated |
|                                                    | (in thousands) |
| Consumer fees                                           | $ | 108,845 |  |   | $ | 99,905 |  |   | $ | 209,549 |  |   | $ | 182,869 |  |
| Commercial fees                                         | 46,141 |  |   | 42,559 |  |   | 88,826 |  |   | 85,529 |  |
| Mortgage banking income, net                            | 36,304 |  |   | 16,762 |  |   | 54,167 |  |   | 29,709 |  |
| Equity method investments                               | (34 | ) |   | (7,196 | ) |   | (7,167 | ) |   | 12,480 |  |
| Bank-owned life insurance                               | 15,884 |  |   | 16,981 |  |   | 28,840 |  |   | 31,163 |  |
| Lease income                                            | 339,746 |  |   | 195,392 |  |   | 653,077 |  |   | 284,420 |  |
| Miscellaneous income                                    | 147,490 |  |   | 200,443 |  |   | 244,030 |  |   | 344,582 |  |
| Net gain recognized in earnings                         | 9,707 |  |   | 9,405 |  |   | 19,264 |  |   | 2,428,912 |  |
|      Total non-interest income | $ | 704,083 |  |   | $ | 574,251 |  |   | $ | 1,290,586 |  |   | $ | 3,399,664 |  |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                    | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                                                    | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                                                    | (in thousands) |
| Mortgage and multi-family servicing fees                                | $ | 11,280 |  |   | $ | 10,434 |  |   | $ | 22,513 |  |   | $ | 21,270 |  |
| Net gains on sales of residential mortgage loans and related securities | 17,361 |  |   | 10,654 |  |   | 23,564 |  |   | 13,851 |  |
| Net gains on sales of multi-family mortgage loans                       | 5,390 |  |   | 5,308 |  |   | 10,338 |  |   | 15,608 |  |
| Net gains/(losses) on hedging activities                                | (11,619 | ) |   | 3,152 |  |   | (3,019 | ) |   | 652 |  |
| Net gains/(losses) from changes in MSR fair value                       | 21,211 |  |   | (6,893 | ) |   | 14,221 |  |   | (11,352 | ) |
| MSR principal reductions                                                | (7,319 | ) |   | (5,893 | ) |   | (13,450 | ) |   | (10,320 | ) |
|      Total mortgage banking income, net        | $ | 36,304 |  |   | $ | 16,762 |  |   | $ | 54,167 |  |   | $ | 29,709 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                    |
|--------------------|
|                    |  |  |  |  |  |
|               | 30-Year Fixed |   | 15-Year Fixed |
| June 30, 2013      | 4.38 | % |   | 3.50 | % |
| September 30, 2013 | 4.38 | % |   | 3.38 | % |
| December 31, 2013  | 4.63 | % |   | 3.50 | % |
| March 31, 2014     | 4.38 | % |   | 3.50 | % |
| June 30, 2014      | 4.13 | % |   | 3.38 | % |
| September 30, 2014 | 4.25 | % |   | 3.50 | % |
| December 31, 2014  | 3.99 | % |   | 3.25 | % |
| March 31, 2015     | 3.88 | % |   | 3.13 | % |
| June 30, 2015      | 4.13 | % |   | 3.38 | % |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                      | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                      | (As Restated) |   | (As Restated) |
|                                      | (in thousands) |
| Compensation and benefits                 | $ | 327,510 |  |   | $ | 283,889 |  |   | $ | 646,611 |  |   | $ | 602,559 |  |
| Occupancy and equipment expenses          | 139,613 |  |   | 112,222 |  |   | 268,779 |  |   | 233,091 |  |
| Technology expense                        | 45,067 |  |   | 43,798 |  |   | 87,156 |  |   | 84,068 |  |
| Outside services                          | 55,501 |  |   | 43,150 |  |   | 103,900 |  |   | 79,109 |  |
| Marketing expense                         | 17,841 |  |   | 11,119 |  |   | 32,182 |  |   | 25,219 |  |
| Loan expense                              | 95,007 |  |   | 87,894 |  |   | 188,804 |  |   | 156,723 |  |
| Lease expense                             | 253,329 |  |   | 145,303 |  |   | 494,277 |  |   | 206,747 |  |
| Other administrative expenses             | 98,731 |  |   | 79,054 |  |   | 170,397 |  |   | 133,170 |  |
| Total general and administrative expenses | $ | 1,032,599 |  |   | $ | 806,429 |  |   | $ | 1,992,106 |  |   | $ | 1,520,686 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                              | Three-Month PeriodEnded June 30, |   | Six-Month PeriodEnded June 30, |
|                                              | 2015 |   | 2014 |   | 2015 |   | 2014 |
|                                              | As Restated |
|                                              | (in thousands) |
| Amortization of intangibles                       | $ | 16,338 |  |   | $ | 20,891 |  |   | $ | 33,144 |  |   | $ | 32,940 |  |
| Deposit insurance premiums and other expenses     | 13,369 |  |   | 14,559 |  |   | 29,178 |  |   | 28,979 |  |
| Loss on debt extinguishment                       | — |  |   | — |  |   | — |  |   | 3,635 |  |
| Impairment of long-lived assets                   | — |  |   | 61,223 |  |   | — |  |   | 64,546 |  |
| Investment expense on affordable housing projects | 35 |  |   | — |  |   | 84 |  |   | — |  |
| Total other expenses                              | $ | 29,742 |  |   | $ | 96,673 |  |   | $ | 62,406 |  |   | $ | 130,100 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|         |                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The small business banking, commercial business banking, and auto leasing lines of business formerly included in the Auto Finance and Business Banking reportable segment, were combined with the Consumer and Business Banking reportable segment. |

|         |                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Real Estate and Commercial reportable segment was split into the Commercial Real Estate reportable segment and the Commercial Banking reportable segment. |

|         |                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The CEVF and dealer floor plan lines of business, formerly included in the Auto Finance & Business Banking reportable segment, were moved to the Commercial Banking business unit. |

|         |                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The internal FTP guidelines and methodologies were revised to align with Santander corporate criteria for internal management reporting. These FTP changes impact all reporting segments, excluding SC. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                 | June 30, 2015 |   | December 31, 2014 |   | June 30, 2014 |
|                                                 | Amount |   | Percent |   | Amount |   | Percent |   | Amount |   | Percent |
|                                                 | (dollars in thousands) |
| Commercial loans:                                    |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate loans                         | $ | 8,839,067 |  |   | 10.9 | % |   | $ | 8,739,233 |  |   | 11.5 | % |   | $ | 8,908,996 |  |   | 11.7 | % |
| Commercial and industrial loans and other commercial | 21,773,159 |  |   | 26.8 | % |   | 19,196,154 |  |   | 25.2 | % |   | 16,919,060 |  |   | 22.3 | % |
| Multi-family                                         | 8,389,685 |  |   | 10.3 | % |   | 8,705,890 |  |   | 11.4 | % |   | 9,229,611 |  |   | 12.2 | % |
| Total Commercial Loans                               | 39,001,911 |  |   | 48.0 | % |   | 36,641,277 |  |   | 48.1 | % |   | 35,057,667 |  |   | 46.2 | % |
| Consumer loans secured by real estate:               |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgages                                | 6,791,992 |  |   | 8.4 | % |   | 6,969,309 |  |   | 9.1 | % |   | 9,651,706 |  |   | 12.7 | % |
| Home equity loans and lines of credit                | 6,160,329 |  |   | 7.5 | % |   | 6,211,298 |  |   | 8.2 | % |   | 6,194,793 |  |   | 8.1 | % |
| Total consumer loans secured by real estate          | 12,952,321 |  |   | 15.9 | % |   | 13,180,607 |  |   | 17.3 | % |   | 15,846,499 |  |   | 20.8 | % |
| Consumer loans not secured by real estate:           |   |   |   |   |   |   |   |   |   |   |   |
| Retail installment contracts and auto loans          | 25,291,214 |  |   | 31.1 | % |   | 22,430,453 |  |   | 29.4 | % |   | 21,686,782 |  |   | 28.6 | % |
| Personal unsecured loans                             | 2,871,155 |  |   | 3.6 | % |   | 2,696,820 |  |   | 3.5 | % |   | 1,861,805 |  |   | 2.5 | % |
| Other consumer                                       | 1,158,677 |  |   | 1.4 | % |   | 1,306,562 |  |   | 1.7 | % |   | 1,460,341 |  |   | 1.9 | % |
| Total Consumer Loans                                 | 42,273,367 |  |   | 52.0 | % |   | 39,614,442 |  |   | 51.9 | % |   | 40,855,427 |  |   | 53.8 | % |
| Total Loans                                          | $ | 81,275,278 |  |   | 100.0 | % |   | $ | 76,255,719 |  |   | 100.0 | % |   | $ | 75,913,094 |  |   | 100.0 | % |
| Total Loans with:                                    |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                                                | $ | 47,912,286 |  |   | 60.3 | % |   | $ | 45,345,715 |  |   | 59.5 | % |   | $ | 47,732,813 |  |   | 62.9 | % |
| Variable                                             | 33,362,992 |  |   | 39.7 | % |   | 30,910,004 |  |   | 40.5 | % |   | 28,180,281 |  |   | 37.1 | % |
| Total Loans                                          | $ | 81,275,278 |  |   | 100.0 | % |   | $ | 76,255,719 |  |   | 100.0 | % |   | $ | 75,913,094 |  |   | 100.0 | % |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | June 30, 2015 |   | December 31, 2014 |
|                                | Residential mortgages (1) |   | Home equity loans and lines of credit |   | Residential mortgages (1) |   | Home equity loans and lines of credit |
|                                | As Restated |
|                                | (dollars in thousands) |
|                                |   |   |   |   |   |   |   |
| Non-performing loans                | $ | 197,605 |  |   | $ | 132,926 |  |   | $ | 231,316 |  |   | $ | 142,026 |  |
| Total loans                         | $ | 6,791,992 |  |   | $ | 6,160,329 |  |   | $ | 6,969,309 |  |   | $ | 6,211,298 |  |
| NPLs as a percentage of total loans | 2.9 | % |   | 2.2 | % |   | 3.3 | % |   | 2.3 | % |
| NPLs in foreclosure status          | 42.6 | % |   | 19.0 | % |   | 38.9 | % |   | 13.7 | % |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                  |
|------------------|
|                  |  |  |  |
|             | June 30, 2015 |   | December 31, 2014 |
|             |   |   |   |
| New Jersey       | 24.5% |   | 29.9% |
| New York         | 20.4% |   | 18.1% |
| Pennsylvania     | 10.8% |   | 13.0% |
| Massachusetts    | 21.1% |   | 11.7% |
| All other states | 23.2% |   | 27.3% |

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |
|                                                                   | June 30, 2015 |   | December 31, 2014 |
|                                                                   | (dollars in thousands) |
|                                                                   |   |   |   |
| Alt-A loans                                                            | $ | 588,025 |  |   | $ | 637,327 |  |
| Alt-A loans as a percentage of the residential mortgage portfolio      | 8.7 | % |   | 9.1 | % |
| Alt-A loans in NPL status                                              | $ | 55,599 |  |   | $ | 67,668 |  |
| Alt-A loans in NPL status as a percentage of residential mortgage NPLs | 28.1 | % |   | 29.3 | % |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |
|                                                                                           | June 30, 2015 |   | December 31, 2014 |
|                                                                                           | As Restated |
|                                                                                           | (dollars in thousands) |
| Non-accrual loans:                                                                             |   |   |   |
| Commercial:                                                                                    |   |   |   |
| Commercial real estate                                                                         | $ | 110,796 |  |   | $ | 167,780 |  |
| Commercial and industrial loans and other commercial                                           | 66,487 |  |   | 58,703 |  |
| Multi-family                                                                                   | 1,459 |  |   | 9,639 |  |
| Total commercial loans                                                                         | 178,742 |  |   | 236,122 |  |
| Consumer:                                                                                      |   |   |   |
| Residential mortgages                                                                          | 197,605 |  |   | 231,316 |  |
| Consumer loans secured by real estate                                                          | 132,926 |  |   | 142,026 |  |
| Consumer loans not secured by real estate                                                      | 902,794 |  |   | 1,018,824 |  |
| Total consumer loans                                                                           | 1,233,325 |  |   | 1,392,166 |  |
|                                                                                           |   |   |   |
| Total non-accrual loans                                                                        | 1,412,067 |  |   | 1,628,288 |  |
|                                                                                           |   |   |   |
| Other real estate owned                                                                        | 37,840 |  |   | 65,051 |  |
| Repossessed vehicles                                                                           | 131,576 |  |   | 126,309 |  |
| Other repossessed assets                                                                       | 78 |  |   | 11,375 |  |
| Total other real estate owned and other repossessed assets                                     | 169,494 |  |   | 202,735 |  |
| Total non-performing assets                                                                    | $ | 1,581,561 |  |   | $ | 1,831,023 |  |
|                                                                                           |   |   |   |
| Past due 90 days or more as to interest or principal and accruing interest                | $ | 104,590 |  |   | $ | 93,152 |  |
| Annualized net loan charge-offs to average loans (2)                                           | 2.2 | % |   | 2.6 | % |
| Non-performing assets as a percentage of total assets                                          | 1.3 | % |   | 1.5 | % |
| NPLs as a percentage of total loans                                                            | 1.9 | % |   | 2.1 | % |
| Non-performing assets as a percentage of total loans, real estate owned and repossessed assets | 2.2 | % |   | 2.4 | % |
| ACL as a percentage of total non-performing assets (1)                                         | 187.9 | % |   | 100.2 | % |
| ACL as a percentage of total NPLs (1)                                                          | 210.5 | % |   | 112.6 | % |

|     |                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The ACL is comprised of the allowance for loan losses and the reserve for unfunded lending commitments, and is included in Other liabilities. |

|     |                                                                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Annualized net loan charge-offs to average loans is calculated as annualized net loan charge-offs divided by the average loan balance for the six-month period ended June 30, 2015. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |
|                      | June 30, 2015 |   | December 31, 2014 |
|                 | As Restated |
|                 | (in thousands) |
| Performing           |  |   |  |
| Commercial           | $ | 161,435 |  |   | $ | 186,685 |  |
| Residential mortgage | 95,251 |  |   | 83,597 |  |
| Other consumer       | 3,264,149 |  |   | 1,771,371 |  |
| Total performing     | 3,520,835 |  |   | 2,041,653 |  |
| Non-performing       |  |   |  |
| Commercial           | 65,986 |  |   | 74,308 |  |
| Residential mortgage | 63,829 |  |   | 70,624 |  |
| Other consumer       | 357,231 |  |   | 198,590 |  |
| Total non-performing | 487,046 |  |   | 343,522 |  |
| Total                | $ | 4,007,881 |  |   | $ | 2,385,175 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | June 30, 2015 |   | December 31, 2014 |
|                                     | Amount |   | % of Loans to Total Loans |   | Amount |   | % of Loans to Total Loans |
|                                     | As Restated |
|                                     | (dollars in thousands) |
| Allocated allowance:                     |   |   |   |   |   |   |   |
| Commercial loans                         | $ | 402,695 |  |   | 49.1 | % |   | $ | 401,553 |  |   | 48.2 | % |
| Consumer loans                           | 2,360,366 |  |   | 50.9 | % |   | 1,267,025 |  |   | 51.8 | % |
| Unallocated allowance                    | 71,592 |  |   | imm. |  |   | 33,024 |  |   | imm. |  |
| Total allowance for loan losses          | 2,834,653 |  |   | 100.0 | % |   | 1,701,602 |  |   | 100.0 | % |
| Reserve for unfunded lending commitments | 137,641 |  |   |   |   | 132,641 |  |   |   |
| Total ACL                                | $ | 2,972,294 |  |   |   |   | $ | 1,834,243 |  |   |   |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                      |   | Retail Banking |   | Auto Finance & Alliances |   | Real Estate and Commercial Banking |   | GBM |   | SCUSA |   | Total |
| (As Restated)             |   | (in thousands) |
| Goodwill at June 30, 2015 |   | $ | 1,815,729 |  |   | $ | 71,522 |  |   | $ | 1,406,048 |  |   | $ | 131,130 |  |   | $ | 5,527,055 |  |   | $ | 8,951,484 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                 | June 30, 2015 |   | December 31, 2014 |
|                                 | Balance |   | Percent of total deposits |   | Balance |   | Percent of total deposits |
|                                 | (dollars in thousands) |
| Interest-bearing demand deposits     | $ | 10,254,831 |  |   | 18.8 | % |   | $ | 10,864,395 |  |   | 20.7 | % |
| Non-interest-bearing demand deposits | 8,428,092 |  |   | 15.4 | % |   | 7,998,870 |  |   | 15.2 | % |
| Savings                              | 3,997,982 |  |   | 7.3 | % |   | 3,863,064 |  |   | 7.4 | % |
| Customer repurchase agreements       | 950,611 |  |   | 1.7 | % |   | 988,790 |  |   | 1.9 | % |
| Money market                         | 23,096,478 |  |   | 42.3 | % |   | 21,447,579 |  |   | 40.9 | % |
| Certificates of deposit              | 7,894,919 |  |   | 14.5 | % |   | 7,311,309 |  |   | 13.9 | % |
| Total Deposits                       | $ | 54,622,913 |  |   | 100.0 | % |   | $ | 52,474,007 |  |   | 100.0 | % |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |
|                               |   | BANK |
|                               |   |   |   |   |   |   |
|                               |   | June 30, 2015 |   | Well-capitalized Requirement(1) |   | Minimum Requirement(1) |
| Common equity tier 1 capital ratio |   | 13.81 | % |   | 6.50 | % |   | 4.50 | % |
| Tier 1 capital ratio               |   | 13.81 | % |   | 8.00 | % |   | 6.00 | % |
| Total capital ratio                |   | 15.15 | % |   | 10.00 | % |   | 8.00 | % |
| Leverage ratio                     |   | 12.36 | % |   | 5.00 | % |   | 4.00 | % |

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |
|                               |   | SHUSA |
|                               |   |   |   |   |   |   |
|                               |   | June 30, 2015 |   | Well-capitalized Requirement(2) |   | Minimum Requirement(2) |
| Common equity tier 1 capital ratio |   | 11.95 | % |   | 6.50 | % |   | 4.50 | % |
| Tier 1 capital ratio               |   | 13.45 | % |   | 8.00 | % |   | 6.00 | % |
| Total capital ratio                |   | 15.23 | % |   | 10.00 | % |   | 8.00 | % |
| Leverage ratio                     |   | 12.46 | % |   | 5.00 | % |   | 4.00 | % |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|         |                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------|
| • | three securitizations on its Santander Drive Auto Receivables Trust ("SDART") platform for $3.4 billion; |

|         |                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | a series of seven subordinate bond transactions on its SDART platform totaling $262 million to fund residual interests from existing securitizations; |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| • | two securitizations on its relaunched Drive Auto Receivables Trust ("DRIVE"), deeper subprime platform, for $1.7 billion; |

|         |                                                                               |
|---------|-------------------------------------------------------------------------------|
| • | top-ups of three private amortizing facilities totaling $1.1 billion; and |

|         |                                                                      |
|---------|----------------------------------------------------------------------|
| • | three private amortizing lease facilities totaling $1.5 billion. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |
|                                      |   | Six-Month PeriodEnded June 30, |
|                                      |   | 2015 |   | 2014 |
|                                      |   | (in thousands) |
| Net cash provided by operating activities |   | $ | 2,513,197 |  |   | $ | 2,335,505 |  |
| Net cash (used in) investing activities   |   | (9,480,873 | ) |   | (6,622,739 | ) |
| Net cash provided by financing activities |   | 6,978,251 |  |   | 4,460,202 |  |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                 | Payments Due by Period |
|                                                                 | Total |   | Less than1 year |   | Over 1 yrto 3 yrs |   | Over 3 yrsto 5 yrs |   | Over5 yrs |
|                                                                 | (in thousands) |
| FHLB advances (1)                                                    | $ | 9,416,192 |  |   | $ | 4,189,228 |  |   | $ | 4,924,020 |  |   | $ | 302,944 |  |   | $ | — |  |
| Notes payable - revolving facilities                                 | 9,972,337 |  |   | 3,727,474 |  |   | 4,534,863 |  |   | 1,710,000 |  |   | — |  |
| Notes payable - secured structured financings                        | 20,438,760 |  |   | 664,361 |  |   | 5,074,998 |  |   | 8,820,371 |  |   | 5,879,030 |  |
| Other debt obligations (1) (2)                                       | 6,012,333 |  |   | 1,734,497 |  |   | 2,271,514 |  |   | 1,988,383 |  |   | 17,939 |  |
| Junior subordinated debentures due to capital trust entities (1) (2) | 437,083 |  |   | 9,589 |  |   | 19,178 |  |   | 19,178 |  |   | 389,138 |  |
| Certificates of deposit (1)                                          | 7,953,948 |  |   | 6,655,994 |  |   | 1,238,321 |  |   | 59,633 |  |   | — |  |
| Non-qualified pension and post-retirement benefits                   | 69,921 |  |   | 6,741 |  |   | 13,542 |  |   | 13,928 |  |   | 35,710 |  |
| Operating leases(3)                                                  | 737,148 |  |   | 116,941 |  |   | 205,931 |  |   | 149,904 |  |   | 264,372 |  |
| Total contractual cash obligations                                   | $ | 55,037,723 |  |   | $ | 17,104,825 |  |   | $ | 18,282,367 |  |   | $ | 13,064,342 |  |   | $ | 6,586,189 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes interest on both fixed and variable rate obligations. The interest associated with variable rate obligations is based on interest rates in effect at June 30, 2015. The contractual amounts to be paid on variable rate obligations are affected by changes in market interest rates. Future changes in market interest rates could materially affect the contractual amounts to be paid. |

|     |                                                                                                                  |
|-----|------------------------------------------------------------------------------------------------------------------|
| (2) | Includes all carrying value adjustments, such as unamortized premiums and discounts and hedge basis adjustments. |

|     |                                                   |
|-----|---------------------------------------------------|
| (3) | Does not include future expected sublease income. |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |
| If interest rates changed in parallel by theamounts below at June 30, 2015 |   | The following estimated percentage increase/(decrease) to net interest income would result |
| Down 100 basis points                                                      |   | (1.54 | )% |
| Up 100 basis points                                                        |   | 1.02 |  % |
| Up 200 basis points                                                        |   | 1.98 |  % |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |
|                                     |   | The following estimated percentageincrease/(decrease) to MVE would result |
| If interest rates changed in parallel by |   | June 30, 2015 |   | December 31, 2014 |
| Down 100 basis points                    |   | (1.88 | )% |   | (2.28 | )% |
| Up 100 basis points                      |   | (0.76 | )% |   | (0.40 | )% |
| Up 200 basis points                      |   | (2.33 | )% |   | (1.74 | )% |

----

|              |                                                                                             |
|--------------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |

----

|              |
|--------------|
|              |  |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk |

|              |
|--------------|
|              |  |
| Item 4. | Controls and Procedures |

|         |                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Management did not effectively execute a strategy to hire and retain a sufficient complement of personnel with an appropriate level of knowledge, experience, and training in certain areas important to financial reporting. |

|         |                                                                                                                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The tone at the top was insufficient to ensure there were adequate mechanisms and oversight to ensure accountability for the performance of internal control over financial reporting responsibilities and to ensure corrective actions were appropriately prioritized and implemented in a timely manner. |

|         |                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | There was not adequate management oversight of accounting and financial reporting activities in implementing certain accounting practices to conform to the Company’s policies and GAAP. |

|         |                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | There was not an adequate assessment of changes in risks by management that could significantly impact internal control over financial reporting or an adequate determination and prioritization of how those risks should be managed. |

|         |                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------|
| • | There was not adequate management oversight and identification of models material to financial reporting. |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | There were insufficiently documented Company accounting policies and insufficiently detailed Company procedures to put policies into effective action. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | There was a lack of appropriate tone at the top in establishing an effective control owner of the risk and controls self-assessment process, which contributed to a lack of clarity for ownership of risk assessments and control design and effectiveness. There was insufficient governance, oversight and monitoring of the credit loss allowance and accretion processes, and a lack of defined roles and responsibilities in monitoring functions. |

----

|         |                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Review controls of the TDR footnote disclosures and supporting information did not effectively identify that parameters used to query the loan data were incorrect. |

|         |                                                                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A review of inputs used to estimate the expected and present value of cash flows of loans modified in TDRs did not identify errors in types of cash flows included and in the assumed timing and amount of defaults and did not identify that the discount rate was incorrect. |

----

|         |                                                                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Review controls over data, inputs and assumptions in models used for estimating credit loss allowance and related model changes were not effective and management did not adequately challenge significant assumptions. |

|         |                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------|
| • | Review and approval controls over the development of new models to estimate credit loss allowance and related model changes were ineffective. |

|         |                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Adequate and comprehensive performance monitoring over related model output results was not performed and we did not maintain adequate model documentation. |

|         |                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Review controls over data, inputs and assumptions in models used for estimating accretion and related model changes were not effective and management did not adequately challenge significant assumptions. |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | Review and approval controls over the development of new models to estimate accretion and related model changes were ineffective. |

|         |                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Adequate and comprehensive performance monitoring over related model output results was not performed and we did not maintain adequate model documentation. |

----

----

|         |                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company and SC have begun efforts to hire additional personnel with the requisite skillsets in certain areas important to financial reporting. |

|         |                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company has established regular working group meetings, with appropriate oversight by management of both SC and the Company to strengthen accountability for performance of internal control over financial reporting responsibilities and prioritization of corrective actions. |

|         |                                                                                                                                                                                                                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In conjunction with previously developing new credit loss allowance models and refining our loss forecasting methodology to be in compliance with GAAP, the Company also is enhancing its accounting documentation relating to credit loss allowance, to demonstrate how the Company’s policies and procedures align with GAAP and produce a repeatable process. |

|         |                                                                                                                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Management is also in the process of performing a comprehensive review of current accounting practices to ensure compliance with the Company’s accounting policies and GAAP, and to ensure sufficient specificity in procedures. Additionally, management will implement a recurring review by a team of qualified individuals. |

|         |                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Processes to identify, track, and report TDRs, that take into account changes to TDRs and new modification types, were enhanced and are being documented. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A formal and comprehensive ongoing performance monitoring plan related to credit loss allowance with specific details relating to monitoring activities performed to allow for repeatable and consistent testing is being developed. This plan is intended to be consistent with the Company’s overarching model risk management policy and will provide a consistent methodology for measuring performance across all models. |

|         |                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Management is ensuring that all models significant to financial reporting are subject to appropriate validation, documentation and procedures. |

|         |                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Model documentation is being developed, or in some cases enhanced to address model documentation gaps, related to credit loss allowance and accretion models. |

|         |                                                                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A framework and documentation are being developed to outline model security attributes/procedures for models related to credit loss allowance and models are being placed in an environment where access is restricted to authorized personnel and an audit trail is retained. |

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | The Company is enhancing its Material Risk Program and Assessment documentation. |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company is enhancing the internal documentation requirements and procedures to be performed related to goodwill impairment testing. |

|         |                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company has designed and implemented additional controls (including additional reviews at a detailed level) over the preparation and review of the SCF and Notes to the Consolidated Financial Statements. |

|         |                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company is enhancing the internal documentation requirements and procedures to be performed in the implementation of new accounting models used by the Company for financial reporting purposes. |

|         |                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company has begun efforts to enhance its oversight of subsidiaries by establishing additional procedures to identify high risk, unusual, or material transactions to ensure that there are sufficient activities performed to ensure accurate and timely financial reporting. |

----

----

|             |
|-------------|
|             |  |
| Item 1 | — Legal Proceedings |

|              |
|--------------|
|              |  |
| Item 1A | — Risk Factors |

|             |
|-------------|
|             |  |
| Item 2 | — Unregistered Sales of Equity Securities and Use of Proceeds. |

|             |
|-------------|
|             |  |
| Item 3 | — Defaults upon Senior Securities |

|             |
|-------------|
|             |  |
| Item 4 | — Mine Safety Disclosures |

|             |
|-------------|
|             |  |
| Item 5 | — Other Information |

----

|             |
|-------------|
|             |  |
| Item 6 | — Exhibits |

|        |
|--------|
|        |  |
| (2.1)  | Transaction Agreement, dated as of October 13, 2008, between Santander Holdings USA, Inc. and Banco Santander, S.A. (Incorporated by reference to Exhibit 2.1 to SHUSA's Current Report on Form 8-K filed October 16, 2008) (Commission File Number 333-172807) |
|   |   |
| (3.1)  | Amended and Restated Articles of Incorporation of Santander Holdings USA, Inc. (Incorporated by reference to Exhibit 3.1 to Santander Holdings USA, Inc.’s Current Report on Form 8-K filed January 30, 2009) (Commission File Number 333-172807) |
|   |   |
| (3.2)  | Articles of Amendment to the Articles of Incorporation of Santander Holdings USA, Inc. (Incorporated by reference to Exhibit 3.1 to Santander Holdings USA, Inc.'s Current Report on Form 8-K filed March 27, 2009) (Commission File Number 333-172807) |
|   |   |
| (3.3)  | Articles of Amendment to the Articles of Incorporation of Santander Holdings USA, Inc. (Incorporated by reference to Exhibit 3.1 to Santander Holdings USA, Inc.’s Current Report on Form 8-K filed February 5, 2010) (Commission File Number 333-172807) |
|   |   |
| (3.4)  | Articles of Amendment to the Articles of Incorporation of Santander Holdings USA, Inc. (Incorporated by reference to Exhibit 3.2 to Santander Holdings USA, Inc.’s Current Report on Form 8-K filed June 21, 2011) (Commission File Number 333-172807) |
|   |   |
| (3.5)  | Amended and Restated Bylaws of Santander Holdings USA, Inc. (Incorporated by reference to Exhibit 3.1 of Santander Holdings USA, Inc.’s Current Report on Form 8-K filed January 30, 2012) (Commission File Number 333-172807) |
|   |   |
| (4.1)  | Santander Holdings USA, Inc. has certain debt obligations outstanding. None of the instruments evidencing such debt authorizes an amount of securities in excess of 10% of the total assets of Santander Holdings USA, Inc. and its subsidiaries on a consolidated basis; therefore, copies of such instruments are not included as exhibits to this Quarterly Report on Form 10-Q. Santander Holdings USA, Inc. agrees to furnish copies to the SEC on request. |
|   |   |
| (10.1) | Underwriting Agreement dated January 22, 2014 among Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters listed therein, SCUSA, SCUSA Illinois, Santander Holdings USA, Inc. and the other Selling Stockholders listed in Schedule II thereto (Incorporated by reference to Exhibit 1.1 to the Company's Current Report on Form 8-K filed January 28, 2014 (Commission File Number 001-16581) |
|   |   |
| (10.2) | Shareholders Agreement dated January 28, 2014 among the Company, SCUSA, Sponsor Holdings, DDFS, Thomas G. Dundon and Banco Santander, S.A. (Incorporated by reference to Exhibit 1.2 to Santander Holdings USA, Inc.’s Current Report on Form 8-K filed January 28, 2014 (Commission File Number 001-16581) |
|   |   |
| (10.3) | Written Agreement, dated as of September 15, 2014 between Santander Holdings USA, Inc. and the Federal Reserve Bank of Boston (Incorporated by reference to Exhibit 99.1 of Santander Holdings USA, Inc.’s Current Report on Form 8-K filed September 18, 2014 (Commission File Number 001-16581) |
|   |   |
| (10.4) | Written Agreement, dated as of July 2, 2015 between Santander Holdings USA, Inc. and the Federal Reserve Bank of Boston (Incorporated by reference to Exhibit 99.1 of Santander Holdings USA, Inc.’s Current Report on Form 8-K filed July 7, 2015 (Commission File Number 001-16581) |
|   |   |
| (31.1) | Chief Executive Officer certification pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith) |
|   |   |
| (31.2) | Chief Financial Officer certification pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith) |
|   |   |
| (32.1) | Chief Executive Officer certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith) |
|   |   |
| (32.2) | Chief Financial Officer certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith) |
|   |   |
| (101)  | Interactive Data File (XBRL). (Filed herewith) |

----

|        |
|--------|
|        |  |  |  |
|   |   |   | SANTANDER HOLDINGS USA, INC.(Registrant)  |
| Date:  | December 7, 2016 |   | /s/ Scott E. Powell |
|   |   |   | Scott E. Powell |
|   |   |   | President and Chief Executive Officer(Authorized Officer)  |
|   |   |   |   |
|   |   |   |   |
| Date:  | December 7, 2016 |   | /s/ Madhukar Dayal |
|   |   |   | Madhukar Dayal |
|   |   |   | Chief Financial Officer and Senior Executive Vice President |