Santander Consumer USA Holdings Inc. reported unaudited consolidated earnings results for the fourth quarter and year December 31, 2017. For the quarter, the company reported total finance and other interest income of $1,616,679,000 against $1,627,183,000 a year ago. Net finance and other interest income after provision for credit losses was $447,196,000 against $446,263,000 a year ago. Net finance and other interest income after provision for credit losses and profit sharing was $439,961,000 against $434,087,000 a year ago. Loss before income taxes was $23,795,000 against profit of $90,186,000 a year ago. Net income was $61,275,000 against loss of $19,555,000 a year ago. Net income per diluted share was $1.61 against $0.17 a year ago. Return on average assets was 6.0% against $0.6% a year ago. Return on average equity was 38.5% against 4.7% a year ago. Adjusted pre-tax income, excluding significant items was $133,320,000 and adjusted net income, excluding significant items was $98,486,000 or $0.27 per diluted share.

For the year, the company reported total finance and other interest income of $6,564,020,000 against $6,529,596,000 a year ago. Net finance and other interest income after provision for credit losses was $2,063,412,000 against $2,258,453,000 a year ago. Net finance and other interest income after provision for credit losses and profit sharing was $2,033,844,000 against $2,210,637,000 a year ago. Income before income taxes was $823,514,000 against $1,160,711,000 a year ago. Net income was $766,466,000 against $824,040,000 a year ago. Net income per diluted share was $3.30 against $2.13 a year ago. Return on average assets was 3.0% against 2.0% a year ago. Return on average equity was 21.0% against 15.8% a year ago. Adjusted pre-tax income, excluding significant items was $944,702,000 and adjusted net income, excluding significant items was $626,962,000 or $1.74 per diluted share.

Net charge offs for the fourth quarter of 2017 was $671,418,000 against $674,442,000 a year ago.