Banco Santander Puerto Rico


207 Ave Ponce De Leon
San Juan, PR 00917
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Banco Santander Puerto Rico is an FDIC insured institution located in San Juan, PR. It was founded in 1972 and has approximately $5.99 billion in assets. Customers can open an account at one of its 45 branches.

FDIC Insured Yes
FDIC Certificate # 20828
Date Established 1972
Assets $ 5.93 billion
Loans $ 2.59 billion
Deposits $ 4.82 billion
Capital $ 1,002.36 million

For a more detailed analysis of Banco Santander Puerto Rico's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 12, 2024

Your Current Location: Virginia, VA 20146

Loan Rates - July 12, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Banco Santander Puerto Rico

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

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Featured - Virginia Home Equity Line Of Credit Rates 2024

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Third Federal Savings and Loan
Third Federal Savings and Loan
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More Info

Note to Banco Santander Puerto Rico
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Climate Policy and Initiatives

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Financial Details

Banco Santander Puerto Rico Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Banco Santander Puerto Rico. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Banco Santander Puerto Rico U.S. Bank Average
3.07% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, Banco Santander Puerto Rico had $34,437,000 in non-current loans and $1,221,000 in owned real estate. To cover these potential losses it had $1,002,357,000 in equity and $159,787,000 in loans loss reserves. That gives it a Texas Ratio of 3.07%.

Return on Equity
Banco Santander Puerto Rico U.S. Bank Average
0.75% 12.20%

Banco Santander Puerto Rico has a Return on Equity of 0.75% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Banco Santander Puerto Rico U.S. Bank Average
16.9% 10.76%

Banco Santander Puerto Rico has a Capitalization of 16.9% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Banco Santander Puerto Rico Balance Sheet Analysis

As of March 31, 2020, Banco Santander Puerto Rico had assets of $5,990,637,000, loans of $2,585,462,000, and deposits of $4,815,729,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
Cash & Balances due from depository institutions $ 1,124.67 million
Interest-bearing balances $ 1,044.64 million
Total securities $ 2.03 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.59 billion
Loan loss allowance $ 159.79 million
Trading account assets $ 1.74 million
Bank premises and fixed assets N.A.
Other real estate owned $ 1.22 million
Goodwill and other intangibles $ 5.58 million
All other assets $ 121.24 million
     Total Assets $ 4.93 billion
Total deposits $ 4.82 billion
      Interest-bearing deposits $ 3.88 billion
      Deposits held in domestic offices $ 4.82 billion
      % insured (estimated) 71.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 1.85 million
Other borrowed funds $ 6.87 million
Subordinated debt N.A.
All other liabilities $ 104.66 million
      Total Liabilities $ 4.93 billion
      Shareholders’ Equity $ 1,002.36 million

Summary Income Statement

December 31, 2024
Total Interest Income $ 56.26 million
Total Interest Expense $ 10.85 million
Net interest income $ 45.41 million
Provision for loan and lease losses $ 17.62 million
Total non interest income $ 7.16 million
Total non interest expense $ 36.32 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Banco Santander Puerto Rico’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in , Banco Santander Puerto Rico has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.32
Credit Card Loans 3.39
Consumer Auto Loans 0.00
Small Business Loans 5.89
Construction and Development Loans 0.00
Commercial Real Estate 42.86
Commercial and Industrial Loans 7.39
Farm Loans 0.04

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