Santander Bank N.A.
Wilmington, DE·RSSD 722777·FDIC 29950·bank:722777·Risk-based ratios where reported
- #3 of 26Total assets in Delaware
- Top 1%Total assets in the U.S.
- 368offices
- 5,678employees
- Top 2%Margin improvement in the U.S.
- #1 of 12Loan growth in Delaware
- Top 10%Fee income vs. peers
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Santander Bank N.A.
7 of 24 FORFI signals stand out against 52 similar banks, based on FDIC data for the quarter.
Efficiency ratio falling faster than peersStrength: Efficiency 2nd quarter46.7%peers 55.3%-8.5 pp
Santander Bank N.A.'s efficiency ratio fell 10.8 percentage points over the past year to 46.7%. Among 50 similar banks, the median fell 0.5 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Efficiency ratio | ||
| 46.7% | 55.3% | -8.5 pp |
| 12-month change | ||
| -10.8 pp | -0.5 pp | -10.3 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 52 banks with $50 billion or more in assets that filed FDIC data for the same quarter. Santander Bank N.A. itself is left out of every peer median and percentile. How signals work
Net interest margin widening faster than peersStrength: Earnings3.59%peers 3.31%+28 bps
Santander Bank N.A.'s net interest margin rose 79 bps over the past year to 3.59%. Among 50 similar banks, the median rose 8 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Net interest margin | ||
| 3.59% | 3.31% | +28 bps |
| 12-month change | ||
| +79 bps | +8 bps | +71 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 52 banks with $50 billion or more in assets that filed FDIC data for the same quarter. Santander Bank N.A. itself is left out of every peer median and percentile. How signals work
Lending absorbing more of the deposit base as cash fallsWorth a look: Liquidity70.1%+7.4 pp in 12 months
Santander Bank N.A.'s loans rose to 70.1% of deposits, 7.4 percentage points higher than a year earlier, while cash fell to 12.1% of assets. The median change in the loan-to-deposit ratio among 52 similar banks was +1.2 pp.
| Observed | Change |
|---|---|
| Loans / deposits | |
| 70.1% | +7.4 pp in 12 months |
| Cash / assets | |
| 12.1% | -8.2 pp in 12 months |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 52 banks with $50 billion or more in assets that filed FDIC data for the same quarter. Santander Bank N.A. itself is left out of every peer median and percentile. How signals work
Net charge-offs falling faster than peersStrength: Asset quality0.45%peers 0.26%+19 bps
Santander Bank N.A.'s annualized net charge-off rate fell 25 bps over the past year to 0.45%. Among 50 similar banks, the median fell 2 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized net charge-off rate | ||
| 0.45% | 0.26% | +19 bps |
| 12-month change | ||
| -25 bps | -2 bps | -23 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 52 banks with $50 billion or more in assets that filed FDIC data for the same quarter. Santander Bank N.A. itself is left out of every peer median and percentile. How signals work
Borrowed funding falling while the peer median risesNotable: Funding 2nd quarter3.4%peers 4.8%-1.4 pp
Santander Bank N.A.'s borrowings as a share of assets fell 3.1 percentage points over the past year to 3.4%. Among 52 similar banks, the median rose 0.1 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Borrowings as a share of assets | ||
| 3.4% | 4.8% | -1.4 pp |
| 12-month change | ||
| -3.1 pp | +0.1 pp | -3.1 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 52 banks with $50 billion or more in assets that filed FDIC data for the same quarter. Santander Bank N.A. itself is left out of every peer median and percentile. How signals work
2 more observations
- Return on assets falling while the peer median risesEarnings
- Reliance on CDs falling faster than peersFunding
Key facts
- Santander Bank N.A. is a bank headquartered in Wilmington, Delaware. It reported $104 billion in total assets for the quarter ended June 30, 2026.
- Deposits totaled $84.4 billion, up 6.1% from a year earlier, and loans totaled $59.1 billion, up 18.7%.
- Its net interest margin was 3.59% and its annualized return on assets was 0.99% for the quarter.
- Its cost of all deposits was 2.09%, compared with a median of 1.77% among 50 similar banks with $50 billion or more in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Santander Bank N.A.'s own data, FORFI would look at: Where revenue per relationship falls short of the cost to serve it.
Analysis workspaces
Sources and identifiers
- Institution
- Santander Bank N.A. · Bank
- Federal Reserve RSSD
- 722777
- FDIC certificate
- 29950
- Reporting period
- Peer group
- 52 banks with $50 billion or more in assets that filed FDIC data for the same quarter. Santander Bank N.A. itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $260.26M | — | |
| $1.31B | — | |
| $494.93M | — | |
| $811.57M | — | |
| $645.68M | — | |
| $681.02M | — | |
| $486.72M | — | |
| $473.61M | — | |
| 0.99% | 0.99%ROAQ · Quarter | |
| 3.59% | 3.58%NIMYQ · Quarter | |
| 46.73% | 46.63%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.