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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mid-Atlantic · Delaware, the state note

Santander Bank N A

Wilmington, Delaware · $103.96B in assets · beside the 5 other Delaware banks over $10B

The filing

50.3%
Efficiency
1st of 6
+18.7%
Loans, year over year
1st of 6, largest first
1.84%
NPA / loans
5th of 6

Santander Bank N A is the third largest of the 6 Delaware banks over $10B, with $103.96B in assets at 30 June 2026. Loans are 70.1% of deposits, 4th of 6 against a median of 70.0%, and equity is 13.3% of assets, 3rd of 6. Loans grew +18.7% in the year, the fastest in the cohort, and deposits grew 6.1%; the cohort's median loan growth is +0.4%.

Noncurrent loans are 1.84% of the book, 5th of 6 against a median of 1.39%; 1.32% is 30 to 89 days past due, and the allowance covers them 1.7 times. Net charge-offs are 0.53% of loans, 4th of 6. Commercial real estate is 27.4% of loans, 5th of 6 against a median of 12.1%, and 117% of capital, below the 300% screen, with construction at 32% against the 100% screen.

Return on assets is 0.99%, 4th of 6 against a median of 1.14%, on an efficiency ratio of 50.3%, the lowest in the cohort. Five years ago it was 0.75%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.

The efficiency ratioDE banks over $10B · 30 June 2026 · lower is stronger, listed first
median 58.4% SB Santander Bank N A 50.3% BB Barclays Bank Delaware 55.6% WS Wilmington Savings Fund Society 56.8% PB PNC Bank National Association 60.0% TB TD Bank National Association 66.6% TB TD Bank USA National Association 70.3%
Loans, year over yearDE banks over $10B · 30 June 2026 · no better direction, largest first
median +0.4% SB Santander Bank N A +18.7% PB PNC Bank National Association +12.6% WS Wilmington Savings Fund Society +2.7% TB TD Bank USA National Association -1.9% TB TD Bank National Association -3.6% BB Barclays Bank Delaware -10.0%

SBA 7(a), FY2008 to FY2026

Santander Bank N A is the 34th largest 7(a) lender into New Jersey of 308, with $131M across 924 loans, 1.0% of everything approved in the state (TD Bank, National Association leads with $1.08B). 69 of its 118 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in New Jersey, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Middlesex, MA$34M11th of 1902.2%-0.6 pts
New York, NY$28M23rd of 2081.0%-0.4 pts
Suffolk, MA$27M7th of 1304.2%-0.8 pts
Kings, NY$26M27th of 1691.0%-0.1 pts
Providence, RI$22M10th of 993.3%+0.2 pts
Essex, NJ$20M11th of 1382.2%+0.2 pts
Union, NJ$18M11th of 1402.1%+0.1 pts
Montgomery, PA$16M25th of 1601.2%+0.1 pts
Middlesex, NJ$16M26th of 1501.3%-0.5 pts
Queens, NY$16M26th of 1550.8%-0.2 pts
Essex, MA$15M11th of 1291.9%-0.3 pts
Bucks, PA$15M22nd of 1401.3%+0.0 pts
Philadelphia, PA$14M26th of 1471.1%-0.7 pts
105 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services1,024$92M17.5%0.12%150th of 2,596
Retail trade589$86M16.4%0.14%123rd of 2,589
Construction586$62M11.8%0.19%82nd of 2,063
Wholesale trade312$62M11.7%0.24%78th of 1,651
Manufacturing186$58M11.1%0.15%124th of 2,246
7(a) lenders into New Jersey, share of approvals since FY2008308 lenders on record; the ten largest and Santander Bank N A
TB TD Bank, National Association 8.2% $1.08B · 7,092 loans FB Fulton Bank, National Association 6.7% $893M · 1,041 loans LO Live Oak Banking Company 4.3% $576M · 466 loans PB Provident Bank 4.3% $570M · 827 loans WF Wells Fargo Bank National Associa… 2.8% $364M · 1,445 loans UB Unity Bank 2.4% $322M · 413 loans N Newbank 2.2% $297M · 490 loans WS Wilmington Savings Fund Society F… 2.2% $296M · 379 loans TB The Bank of Princeton 2.2% $296M · 411 loans JC JPMorgan Chase Bank, National Ass… 2.2% $288M · 1,832 loans SB Santander Bank, National Associat… 1.0% $131M · 924 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Santander Bank N ARankCohort median
Total CRE against capital, the 300% screen117%5th of 662%
Construction against capital, the 100% screen32%5th of 610%
Construction and land development, share of loans7.4%6th of 62.0%
Non-owner-occupied nonfarm nonresidential, share of loans4.1%3rd of 64.3%
Total CRE, the guidance definition, share of loans27.4%5th of 612.1%
CRE growth over 36 months, the third prong-10.5%1st of 6+6.9%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
PNC Bank National Association$609.77B1.3%60.0%0.74%0.23%1.3%80.7%10.4%
TD Bank National Association$342.80B0.8%66.6%1.11%0.48%1.7%59.6%13.3%
Santander Bank N A$103.96B1.0%50.3%1.84%0.53%3.2%70.1%13.3%
Barclays Bank Delaware$43.45B2.4%55.6%1.67%4.73%8.9%83.7%13.9%
TD Bank USA National Association$32.13B0.4%70.3%2.08%5.50%9.9%32.1%11.9%
Wilmington Savings Fund Society$22.57B1.6%56.8%0.57%0.05%1.3%69.9%11.7%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Santander Bank N ACohort median
20212026Change20212026Change
Loans$55.28B$59.14B+7%$37.65B$44.36B+18%
Deposits$78.00B$84.39B+8%$51.14B$59.85B+17%
NPA / loans1.05%1.84%+0.79 pts1.01%1.39%+0.38 pts
Efficiency79.6%50.3%-29.3 pts64.7%58.4%-6.3 pts
ROA0.75%0.99%+0.24 pts1.37%1.14%-0.22 pts

This read was prepared for Santander Bank N A's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Santander Bank N A is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort DE banks over $10B
Institution www.santander.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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