SantanderConsumer USA Holdings Inc. will delay the release of itssecond-quarter financial results since it has not yet completed the financialstatements for the period.
The results were scheduled to be released July 27.
Santander Consumer is discussing certain accounting matters,primarily related to its discount accretion and credit loss allowancemethodologies, with its current and previous independent accountants.
The resolution of the issues may impact financial statementsfor the prior period and the timing of the filing ofits Form 10-Q for the quarter ended June 30.
The company plans to make the quarterly filing and scheduleits earnings call as soon as practicable.