10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-16-014495 |
| Period End Date | 20160331 |
| Filing Date | 20160420 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | slm-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortized cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$196.40M | USD | Point-in-time |
| Amortized cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$201.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$938.48M | USD | Point-in-time |
| Allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$89.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$875.62M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.42B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.36B | USD | Point-in-time |
| Allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$112.51M | USD | Point-in-time |
| Allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$83.84M | USD | Point-in-time |
| Allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$126.25M | USD | Point-in-time |
| Available-for-sale investments at fair value (cost of $201,585 and $196,402, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$195.39M | USD | Point-in-time |
| Available-for-sale investments at fair value (cost of $201,585 and $196,402, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$203.60M | USD | Point-in-time |
| Preferred stock, stated value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Preferred stock, stated value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $126,249 and $112,507, respectively) |
LoansAndLeasesReceivableNetReportedAmount
|
$13.11B | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $126,249 and $112,507, respectively) |
LoansAndLeasesReceivableNetReportedAmount
|
$11.63B | USD | Point-in-time |
| Preferred stock shares authorized (in shares) |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock shares authorized (in shares) |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestments
|
$24.61M | USD | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestments
|
$27.98M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$58.45M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$54.84M | USD | Point-in-time |
| Common stock par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Common stock par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$564.50M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$650.81M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$81.27M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$81.26M | USD | Point-in-time |
| Common stock shares issued (in shares) |
CommonStockSharesIssued
|
433.40M | shares | Point-in-time |
| Common stock shares issued (in shares) |
CommonStockSharesIssued
|
430.70M | shares | Point-in-time |
| Tax benefit for accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossTaxEffect
|
$-18.09M | USD | Point-in-time |
| Acquired intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.49M | USD | Point-in-time |
| Acquired intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.75M | USD | Point-in-time |
| Tax benefit for accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossTaxEffect
|
$-9.95M | USD | Point-in-time |
| Common stock held in treasury (in shares) |
TreasuryStockShares
|
4.40M | shares | Point-in-time |
| Common stock held in treasury (in shares) |
TreasuryStockShares
|
5.50M | shares | Point-in-time |
| Tax indemnification receivable |
IncomeTaxReceivable
|
$186.08M | USD | Point-in-time |
| Tax indemnification receivable |
IncomeTaxReceivable
|
$187.16M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$70.49M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$55.48M | USD | Point-in-time |
| Total assets |
Assets
|
$15.32B | USD | Point-in-time |
| Total assets |
Assets
|
$15.21B | USD | Point-in-time |
| Deposits |
Deposits
|
$11.49B | USD | Point-in-time |
| Deposits |
Deposits
|
$11.54B | USD | Point-in-time |
| Short-term borrowings |
ShortTermBorrowings
|
$526.50M | USD | Point-in-time |
| Short-term borrowings |
ShortTermBorrowings
|
$500.18M | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$558.51M | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$579.10M | USD | Point-in-time |
| Income taxes payable, net |
TaxesPayableCurrentAndNoncurrent
|
$142.41M | USD | Point-in-time |
| Income taxes payable, net |
TaxesPayableCurrentAndNoncurrent
|
$166.66M | USD | Point-in-time |
| Upromise related liabilities |
Upromiserelatedliability
|
$275.38M | USD | Point-in-time |
| Upromise related liabilities |
Upromiserelatedliability
|
$263.90M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$146.17M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$108.75M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$13.18B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$13.12B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 433.4 million and 430.7 million shares issued, respectively |
CommonStockValue
|
$86.14M | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 433.4 million and 430.7 million shares issued, respectively |
CommonStockValue
|
$86.68M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.14B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.14B | USD | Point-in-time |
| Accumulated other comprehensive loss (net of tax benefit of $18,089 and $9,949, respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-16.06M | USD | Point-in-time |
| Accumulated other comprehensive loss (net of tax benefit of $18,089 and $9,949, respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-29.27M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$426.99M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$366.61M | USD | Point-in-time |
| Total SLM Corporation stockholders' equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$2.19B | USD | Point-in-time |
| Total SLM Corporation stockholders' equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$2.14B | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 5.5 million and 4.4 million shares, respectively |
TreasuryStockValue
|
$47.98M | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 5.5 million and 4.4 million shares, respectively |
TreasuryStockValue
|
$41.22M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.10B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.14B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$15.21B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$15.32B | USD | Point-in-time |
Income Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$197.86M | USD | 1 Quarter |
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$245.23M | USD | 1 Quarter |
| Investments |
InterestAndDividendIncomeSecuritiesAvailableForSale
|
$2.59M | USD | 1 Quarter |
| Investments |
InterestAndDividendIncomeSecuritiesAvailableForSale
|
$2.72M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$780.00K | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$1.63M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$201.36M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$249.46M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$34.01M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$29.57M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$832.00K | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$2.16M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
- | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$3.42M | USD | 1 Quarter |
| Other interest expense |
InterestExpenseOther
|
$2.00K | USD | 1 Quarter |
| Other interest expense |
InterestExpenseOther
|
- | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$39.59M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$30.40M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$209.86M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$170.95M | USD | 1 Quarter |
| Less: provisions for credit losses |
ProvisionForLoanLeaseAndOtherLosses
|
$16.62M | USD | 1 Quarter |
| Less: provisions for credit losses |
ProvisionForLoanLeaseAndOtherLosses
|
$32.60M | USD | 1 Quarter |
| Net interest income after provisions for credit losses |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$154.34M | USD | 1 Quarter |
| Net interest income after provisions for credit losses |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$177.26M | USD | 1 Quarter |
| (Losses) gains on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$-354.00K | USD | 1 Quarter |
| (Losses) gains on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$3.29M | USD | 1 Quarter |
| Other |
NoninterestIncomeOtherOperatingIncome
|
$8.01M | USD | 1 Quarter |
| Other |
NoninterestIncomeOtherOperatingIncome
|
$21.03M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$20.67M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$11.30M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$41.20M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$50.21M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$39.98M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$42.68M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$92.89M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$81.19M | USD | 1 Quarter |
| Acquired intangible asset amortization expense |
AcquiredIntangibleAssetsImpairmentAndAmortizationExpense
|
$370.00K | USD | 1 Quarter |
| Acquired intangible asset amortization expense |
AcquiredIntangibleAssetsImpairmentAndAmortizationExpense
|
$260.00K | USD | 1 Quarter |
| Restructuring and other reorganization expenses |
RestructuringCharges
|
- | USD | 1 Quarter |
| Restructuring and other reorganization expenses |
RestructuringCharges
|
$4.66M | USD | 1 Quarter |
| Total expenses |
NoninterestExpense
|
$86.21M | USD | 1 Quarter |
| Total expenses |
NoninterestExpense
|
$93.14M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$79.42M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$104.79M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$31.72M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$38.88M | USD | 1 Quarter |
| Net income attributable to SLM Corporation |
ProfitLoss
|
$47.70M | USD | 1 Quarter |
| Net income attributable to SLM Corporation |
ProfitLoss
|
$65.92M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$4.82M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$5.14M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$60.78M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$42.88M | USD | 1 Quarter |
| Basic earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareBasic
|
$0.14 | USD | 1 Quarter |
| Basic earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Average common shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
427.11M | shares | 1 Quarter |
| Average common shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
424.43M | shares | 1 Quarter |
| Diluted earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareDiluted
|
$0.14 | USD | 1 Quarter |
| Diluted earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
432.30M | shares | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
430.90M | shares | 1 Quarter |
Cash Flow Statement
100 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income attributable to SLM Corporation |
ProfitLoss
|
$47.70M | USD | 1 Quarter |
| Net income attributable to SLM Corporation |
ProfitLoss
|
$65.92M | USD | 1 Quarter |
| Provisions for credit losses |
ProvisionForDoubtfulAccounts
|
$32.60M | USD | 1 Quarter |
| Provisions for credit losses |
ProvisionForDoubtfulAccounts
|
$16.62M | USD | 1 Quarter |
| Income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$31.72M | USD | 1 Quarter |
| Income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$38.88M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$2.69M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$2.62M | USD | 1 Quarter |
| Amortization of ABCP Facility upfront fee |
AmortizationofUpfrontLoanFees
|
- | USD | 1 Quarter |
| Amortization of ABCP Facility upfront fee |
AmortizationofUpfrontLoanFees
|
$122.00K | USD | 1 Quarter |
| Amortization of deferred loan origination costs and fees, net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-641.00K | USD | 1 Quarter |
| Amortization of deferred loan origination costs and fees, net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-1.22M | USD | 1 Quarter |
| Net amortization of discount on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-324.00K | USD | 1 Quarter |
| Net amortization of discount on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-342.00K | USD | 1 Quarter |
| Interest income on tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$1.08M | USD | 1 Quarter |
| Interest income on tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$1.75M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$2.10M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$1.66M | USD | 1 Quarter |
| Amortization of acquired intangibles |
AmortizationOfIntangibleAssets
|
$370.00K | USD | 1 Quarter |
| Amortization of acquired intangibles |
AmortizationOfIntangibleAssets
|
$260.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$6.14M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$6.22M | USD | 1 Quarter |
| Unrealized (gains)/losses on derivative and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$-832.00K | USD | 1 Quarter |
| Unrealized (gains)/losses on derivative and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$2.42M | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
$-250.00K | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
- | USD | 1 Quarter |
| Net decrease in loans held for sale |
NetIncreaseDecreaseinLoansHeldforSale
|
$55.00K | USD | 1 Quarter |
| Net decrease in loans held for sale |
NetIncreaseDecreaseinLoansHeldforSale
|
- | USD | 1 Quarter |
| Origination of loans held for sale |
Originationofloansheldforsale
|
$55.00K | USD | 1 Quarter |
| Origination of loans held for sale |
Originationofloansheldforsale
|
- | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$147.26M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$121.81M | USD | 1 Quarter |
| Decrease in restricted cash and investments - other |
IncreaseDecreaseInRestrictedCash
|
$-1.05M | USD | 1 Quarter |
| Decrease in restricted cash and investments - other |
IncreaseDecreaseInRestrictedCash
|
$-6.78M | USD | 1 Quarter |
| (Increase) decrease in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$3.61M | USD | 1 Quarter |
| (Increase) decrease in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$-13.85M | USD | 1 Quarter |
| Decrease in tax indemnification receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-14.91M | USD | 1 Quarter |
| Decrease in tax indemnification receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.08M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$11.39M | USD | 1 Quarter |
| Decrease in income tax payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-23.05M | USD | 1 Quarter |
| Decrease in income tax payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-54.99M | USD | 1 Quarter |
| Increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$9.08M | USD | 1 Quarter |
| Increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$6.54M | USD | 1 Quarter |
| Increase (decrease) in payable due to entity that is a subsidiary of Navient |
IncreaseDecreaseInDueToRelatedParties
|
$1.17M | USD | 1 Quarter |
| Increase (decrease) in payable due to entity that is a subsidiary of Navient |
IncreaseDecreaseInDueToRelatedParties
|
$-1.66M | USD | 1 Quarter |
| Increase (decrease) in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-10.63M | USD | 1 Quarter |
| Increase (decrease) in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$2.16M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-66.88M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-113.69M | USD | 1 Quarter |
| Total net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-47.78M | USD | 1 Quarter |
| Total net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-19.18M | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$1.66B | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$1.81B | USD | 1 Quarter |
| Net proceeds from sales of loans held for investment |
Netproceedsfromsalesofstudentloansheldforinvestment
|
$6.39M | USD | 1 Quarter |
| Net proceeds from sales of loans held for investment |
Netproceedsfromsalesofstudentloansheldforinvestment
|
$3.37M | USD | 1 Quarter |
| Proceeds from claim payments |
ProceedsfromClaimpayments
|
$18.53M | USD | 1 Quarter |
| Proceeds from claim payments |
ProceedsfromClaimpayments
|
$46.44M | USD | 1 Quarter |
| Net decrease (increase) in loans held for investment |
Netincreasedecreaseinloansheldforinvestment
|
$-243.99M | USD | 1 Quarter |
| Net decrease (increase) in loans held for investment |
Netincreasedecreaseinloansheldforinvestment
|
$-332.41M | USD | 1 Quarter |
| Increase in restricted cash and investments - variable interest entities |
IncreaseDecreaseInRestrictedCashAndInvestments
|
- | USD | 1 Quarter |
| Increase in restricted cash and investments - variable interest entities |
IncreaseDecreaseInRestrictedCashAndInvestments
|
$3.41M | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecurities
|
$12.09M | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecurities
|
$8.18M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$6.57M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$6.63M | USD | 1 Quarter |
| Total net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.46B | USD | 1 Quarter |
| Total net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.37B | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
$2.76M | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
- | USD | 1 Quarter |
| Net decrease in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$-209.41M | USD | 1 Quarter |
| Net decrease in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$-74.46M | USD | 1 Quarter |
| Net increase (decrease) increase in other deposits |
NetincreaseinNOWaccountdeposits
|
$245.89M | USD | 1 Quarter |
| Net increase (decrease) increase in other deposits |
NetincreaseinNOWaccountdeposits
|
$-22.41M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
- | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
$20.28M | USD | 1 Quarter |
| Borrowings under ABCP facility |
ProceedsFromIssuanceOfCommercialPaper
|
$26.32M | USD | 1 Quarter |
| Borrowings under ABCP facility |
ProceedsFromIssuanceOfCommercialPaper
|
- | USD | 1 Quarter |
| Fees paid on ABCP facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
$-1.25M | USD | 1 Quarter |
| Fees paid on ABCP facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
- | USD | 1 Quarter |
| Excess tax (expense) benefit from the exercise of stock-based awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$-2.13M | USD | 1 Quarter |
| Excess tax (expense) benefit from the exercise of stock-based awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$4.60M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividends
|
$5.14M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividends
|
$4.82M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-97.10M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$31.25M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.48B | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.48B | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$938.48M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$875.62M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.42B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.36B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$938.48M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$875.62M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.42B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.36B | USD | Point-in-time |
| Interest |
InterestPaid
|
$25.37M | USD | 1 Quarter |
| Interest |
InterestPaid
|
$32.77M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$17.81M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$56.08M | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.10B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.14B | USD | Point-in-time |
| Net income (loss) |
ProfitLoss
|
$47.70M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$65.92M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-13.21M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.19M | USD | 1 Quarter |
| Issuance of common shares (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
2.74M | shares | 1 Quarter |
| Issuance of common shares (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
3.13M | shares | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.10B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.14B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income attributable to SLM Corporation |
ProfitLoss
|
$47.70M | USD | 1 Quarter |
| Net income attributable to SLM Corporation |
ProfitLoss
|
$65.92M | USD | 1 Quarter |
| Unrealized gains on investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$673.00K | USD | 1 Quarter |
| Unrealized gains on investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$3.02M | USD | 1 Quarter |
| Unrealized losses on cash flow hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
|
$-15.69M | USD | 1 Quarter |
| Unrealized losses on cash flow hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
|
$-24.37M | USD | 1 Quarter |
| Total unrealized losses |
OtherComprehensiveIncomeLossBeforeTax
|
$-15.02M | USD | 1 Quarter |
| Total unrealized losses |
OtherComprehensiveIncomeLossBeforeTax
|
$-21.35M | USD | 1 Quarter |
| Income tax benefit |
OtherComprehensiveIncomeLossTax
|
$-8.14M | USD | 1 Quarter |
| Income tax benefit |
OtherComprehensiveIncomeLossTax
|
$-5.83M | USD | 1 Quarter |
| Other comprehensive loss, net of tax benefit |
OtherComprehensiveIncomeLossNetOfTax
|
$-13.21M | USD | 1 Quarter |
| Other comprehensive loss, net of tax benefit |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.19M | USD | 1 Quarter |
| Total comprehensive income attributable to SLM Corporation |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$38.51M | USD | 1 Quarter |
| Total comprehensive income attributable to SLM Corporation |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$52.70M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.