Santander Bank, N.A.


824 N Market St
Wilmington, DE 19801
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Phone 302 654 5182

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.60% →
2-Year CD N.A. 4.90% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 7.04% 4.91% →
15-Year Mortgage 6.45% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Santander Bank, N.A. is an FDIC insured institution located in Wilmington, DE. It was founded in 1907 and has approximately $100.49 billion in assets. Customers can open an account at one of its 695 branches.

FDIC Insured Yes
FDIC Certificate # 29950
Date Established 1907
Assets $ 100.49 billion
Loans $ 55.23 billion
Deposits $ 74.58 billion
Capital $ 11.69 billion

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

Deposit Rates - April 21, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Santander Select Checking 0.01% $25,000 $25.00 Learn MoreShow Less
Santander Basic Checking 0.00% $0 $3.00 Learn MoreShow Less

Loan Rates - April 21, 2024

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


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Climate Policy and Initiatives

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Financial Details

Santander Bank, N.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Santander Bank, N.A.. 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
Santander Bank, N.A. U.S. Bank Average
6.26% 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, Santander Bank, N.A. had $808,319,000 in non-current loans and $24,245,000 in owned real estate. To cover these potential losses it had $11,687,456,000 in equity and $1,622,150,000 in loans loss reserves. That gives it a Texas Ratio of 6.26%.

Return on Equity
Santander Bank, N.A. U.S. Bank Average
2.3% 12.20%

Santander Bank, N.A. has a Return on Equity of 2.3% 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.

Santander Bank, N.A. U.S. Bank Average
11.63% 10.76%

Santander Bank, N.A. has a Capitalization of 11.63% 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.

Santander Bank, N.A. Balance Sheet Analysis

As of December 31, 2023, Santander Bank, N.A. had assets of $100,487,977,000, loans of $55,232,398,000, and deposits of $74,579,393,000. 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 $ 12.18 billion
Interest-bearing balances $ 11.35 billion
Total securities $ 15.50 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 55.23 billion
Loan loss allowance $ 1,622.15 million
Trading account assets $ 889.02 million
Bank premises and fixed assets N.A.
Other real estate owned $ 24.25 million
Goodwill and other intangibles $ 1,649.53 million
All other assets $ 7.86 billion
     Total Assets $ 88.80 billion
Total deposits $ 74.58 billion
      Interest-bearing deposits $ 58.53 billion
      Deposits held in domestic offices $ 74.58 billion
      % insured (estimated) 65.74%
Federal funds purchased and repurchase agreements $ 238.52 million
Trading liabilities $ 849.86 million
Other borrowed funds $ 3.47 billion
Subordinated debt N.A.
All other liabilities $ 1,781.75 million
      Total Liabilities $ 88.80 billion
      Shareholders’ Equity $ 11.69 billion

Summary Income Statement

December 31, 2024
Total Interest Income $ 4.36 billion
Total Interest Expense $ 2.10 billion
Net interest income $ 2.26 billion
Provision for loan and lease losses $ 772.26 million
Total non interest income $ 1,424.04 million
Total non interest expense $ 2.92 billion
Pre-tax Net Operating Income $ 224.03 million

Bank Loan Profile?

The top three loan types in Santander Bank, N.A.’s loan portfolio are Commercial and Industrial Loans, Consumer Auto Loans, and 1-4 Family Residential Loans.

Compared to other banks in Delaware, Santander Bank, N.A. has a significantly higher percent of Multifamily Mortgages, Consumer Auto Loans, Commercial and Industrial Loans 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 15.51
Credit Card Loans 0.46
Consumer Auto Loans 19.68
Small Business Loans 0.32
Construction and Development Loans 5.65
Commercial Real Estate 8.31
Commercial and Industrial Loans 19.77
Farm Loans 0.00

Customer Reviews for Santander Bank, N.A.

  • May 11, 2023 |

    They made mistakes twice and would not correct them

  • February 18, 2022

    Your rates are not real. You list Santander as 0.4 when in reality they are 0.1% Ugh!!

  • February 14, 2017 |

    Could not find an active Branch Manager at 3 local branches no call backs very poor customer service

  • April 28, 2016

    CDs 36 Month Rates

    Can you update your rates?
    They are very out of date.

  • April 15, 2016

    CDs 36 Month Rates

    rate changed to 1.25

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