Santander Holdings USA, Inc. filed a Current Report on Form 8-K with the Securities and Exchange Commission on November 13, 2026. The filing details a change in the company's internal management reporting structure, which has been implemented to align with how the company manages its business operations.
The company announced that it has combined its Commercial & Industrial and Commercial Real Estate reportable segments into a single Commercial Banking segment. This structural change was implemented during the third quarter of 2026 and was reflected in the financial information reviewed by the company's chief operating decision maker beginning with the quarter ended September 30, 2026.
The filing explains that the Securities and Exchange Commission requires registrants to recast prior period financial statements when preparing new registration statements, proxy materials, or information statements that incorporate financial statements by reference. Consequently, Santander Holdings USA is filing this report to recast its consolidated financial statements for each of the three years in the period ended December 31, 2025, to reflect the segment reporting changes.
The company emphasizes that these updates are presented for informational purposes only and do not amend or restate the audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2025. The filing also notes that the recast information is available in Exhibit 99.1 and should be read in conjunction with the 2025 Form 10-K and the Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
