BOSTON, November 6, 2026 – Santander Holdings USA, Inc. (“SHUSA”) today announced that its Board of Directors declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share (the “Depositary Shares”), NYSE: SNUS PF H, CUSIP 80282 K700, 1,000 of which represents one preferred share) on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H (“Series H Preferred Stock”), payable December 15, 2026, to shareholders of record on November 30, 2026.

SHUSA also announced that, on December 15, 2026, it will redeem all 6,000 outstanding shares of its Series H Preferred Stock, and the corresponding 6,000,000 Depositary Shares.  The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share.

The redemption price does not include the regular quarterly dividend that was declared and will be paid in the customary manner.

The Depositary Shares are held in book-entry form through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC.  Payment to DTC for the Depositary Shares will be made by Broadridge Corporate Issuer Solutions, LLC as redemption agent.  The address for Broadridge Corporate Issuer Solutions, LLC is 51 Mercedes Way, Edgewood, NY 11717, Attention: President.