About Santander Consumer USA Holdings Inc.

Santander Consumer USA Holdings Inc. (NYSE: SC) is a full-service, technology-driven consumer finance company focused on vehicle finance and unsecured consumer lending products. The company, which began originating retail installment contracts in 1997, has a serviced portfolio of more than $40 billion (as of September 30, 2014), has more than two million customers across all credit grades, and is headquartered in Dallas. Santander Consumer USA Holdings Inc. is the parent company of Santander Consumer USA Inc. ("SC").


The company was founded by a group of entrepreneurs within the auto industry. The group gained experience working in finance in auto dealerships, and in 1995 left the dealership environment to start a new company focused on the finance side of the industry. As a non-originator, the new company marketed the auto finance programs of various banks, gaining valuable perspective on the auto originations process.

The success of the group caught the attention of FirstCity Financial and in 1998 our entrepreneurial partnership joined with FirstCity Financial to form FirstCity Funding, a nonprime auto finance company with a unique business model serving a niche market. We grew quickly and in 2000 our ownership group expanded to include HBOS plc., and FirstCity Funding officially became Drive Financial Services LP.

In 2004, FirstCity Financial sold its interest in Drive, shifting ownership to HBOS plc and Drive Management LP. The stability and strength of HBOS plc allowed Drive to surpass expectations and continue to grow at a rapid pace. In 2006, HBOS plc and certain members of Drive Management LP sold their interest to Banco Santander S.A.

In 2009, Santander contributed its interest in the company to Santander Holdings USA Inc. (SHUSA), a wholly owned subsidiary of Banco Santander S.A. and until December 31, 2011, the company was owned by SHUSA and our CEO.

In late 2011, three leading private investment equity firms, Centerbridge Partners LP, Kohlberg Kravis Roberts & Co. LP and Warburg Pincus LLC, through Sponsor Auto Finance Holding Series LP, purchased an ownership interest in the company.

In 2013, Santander Consumer USA launched Chrysler Capital auto purchase and lease financing program with the Chrysler Group LLC and integrated its subprime Drive brand into the main Santander platform. In 2014, SC became a public company with a listing on the New York Stock Exchange (NYSE: SC).

Financial Overview

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