10-Q Filing

SLM Corp CIK: 1032033 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-017673`
Period End Date	20160630
Filing Date	20160720
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	slm-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 120 Cash Flow Statement 114 Stockholders Equity 16 Comprehensive Income 28

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$203.48M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$196.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$91.87M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$126.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$83.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	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`	$89.81M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$144.93M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $203,480 and $196,402, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$195.39M	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-20.94M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $203,480 and $196,402, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$206.78M	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-9.95M	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 $144,925 and $112,507, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$13.25B	USD	Point-in-time
Loans held for investment (net of allowance for losses of $144,925 and $112,507, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$11.63B	USD	Point-in-time
Preferred stock, stated value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestments`	$34.30M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestments`	$27.98M	USD	Point-in-time
Other interest-earning assets	`OtherInterestEarningAssets`	$53.55M	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`	$719.88M	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$86.51M	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$81.27M	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
Tax indemnification receivable	`IncomeTaxReceivable`	$160.32M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	433.90M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	430.70M	shares	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$186.08M	USD	Point-in-time
Other assets	`OtherAssets`	$80.24M	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	4.40M	shares	Point-in-time
Other assets	`OtherAssets`	$57.23M	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	5.80M	shares	Point-in-time
Total assets	`Assets`	$15.63B	USD	Point-in-time
Total assets	`Assets`	$15.21B	USD	Point-in-time
Deposits	`Deposits`	$11.90B	USD	Point-in-time
Deposits	`Deposits`	$11.49B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$500.18M	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$579.10M	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$1.04B	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$166.66M	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$79.90M	USD	Point-in-time
Upromise related liabilities	`Upromiserelatedliability`	$275.38M	USD	Point-in-time
Upromise related liabilities	`Upromiserelatedliability`	$260.13M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$108.75M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$154.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$13.43B	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: 433.9 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: 433.9 million and 430.7 million shares issued, respectively	`CommonStockValue`	$86.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.14B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15B	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $20,944 and $9,949, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.06M	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $20,944 and $9,949, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$478.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$366.61M	USD	Point-in-time
Total SLM Corporation stockholders' equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$2.25B	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: 5.8 million and 4.4 million shares, respectively	`TreasuryStockValue`	$41.22M	USD	Point-in-time
Less: Common stock held in treasury at cost: 5.8 million and 4.4 million shares, respectively	`TreasuryStockValue`	$49.73M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$15.21B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$15.63B	USD	Point-in-time

Income Statement 120 line items

Line Item	Tag	Value	Unit	Period
Loans	`InterestAndFeeIncomeLoansAndLeases`	$251.68M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$496.90M	USD	2 Qtrs
Loans	`InterestAndFeeIncomeLoansAndLeases`	$195.29M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$393.14M	USD	2 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$4.96M	USD	2 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.39M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$5.11M	USD	2 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.37M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$1.20M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$2.83M	USD	2 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$1.58M	USD	2 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$801.00K	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$504.70M	USD	2 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$198.47M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$399.83M	USD	2 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$255.24M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$69.42M	USD	2 Qtrs
Deposits	`InterestExpenseDeposits`	$59.05M	USD	2 Qtrs
Deposits	`InterestExpenseDeposits`	$29.48M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$35.41M	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$2.06M	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$4.22M	USD	2 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$735.00K	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$1.57M	USD	2 Qtrs
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$5.01M	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	-	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$8.42M	USD	2 Qtrs
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	-	USD	2 Qtrs
Total interest expense	`InterestExpense`	$60.62M	USD	2 Qtrs
Total interest expense	`InterestExpense`	$30.22M	USD	1 Quarter
Total interest expense	`InterestExpense`	$42.48M	USD	1 Quarter
Total interest expense	`InterestExpense`	$82.07M	USD	2 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$422.63M	USD	2 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$168.26M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$212.77M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$339.21M	USD	2 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$32.18M	USD	2 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$15.56M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$41.79M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$74.39M	USD	2 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$170.97M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$307.04M	USD	2 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$152.70M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$348.23M	USD	2 Qtrs
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	$76.87M	USD	1 Quarter
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	2 Qtrs
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	1 Quarter
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	$76.87M	USD	2 Qtrs
Gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$2.14M	USD	1 Quarter
Gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$1.60M	USD	1 Quarter
Gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$1.79M	USD	2 Qtrs
Gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$4.89M	USD	2 Qtrs
Other	`NoninterestIncomeOtherOperatingIncome`	$18.92M	USD	2 Qtrs
Other	`NoninterestIncomeOtherOperatingIncome`	$13.68M	USD	1 Quarter
Other	`NoninterestIncomeOtherOperatingIncome`	$10.91M	USD	1 Quarter
Other	`NoninterestIncomeOtherOperatingIncome`	$34.71M	USD	2 Qtrs
Total non-interest income	`NoninterestIncome`	$36.50M	USD	2 Qtrs
Total non-interest income	`NoninterestIncome`	$15.82M	USD	1 Quarter
Total non-interest income	`NoninterestIncome`	$89.39M	USD	1 Quarter
Total non-interest income	`NoninterestIncome`	$100.69M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$38.57M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$44.57M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$94.78M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$79.78M	USD	2 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$91.21M	USD	2 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$50.21M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$92.88M	USD	2 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$51.23M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$89.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$94.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$187.66M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$170.99M	USD	2 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$740.00K	USD	2 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$261.00K	USD	1 Quarter
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$521.00K	USD	2 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$370.00K	USD	1 Quarter
Restructuring and other reorganization expenses	`RestructuringCharges`	$744.00K	USD	1 Quarter
Restructuring and other reorganization expenses	`RestructuringCharges`	-	USD	1 Quarter
Restructuring and other reorganization expenses	`RestructuringCharges`	$5.40M	USD	2 Qtrs
Restructuring and other reorganization expenses	`RestructuringCharges`	-	USD	2 Qtrs
Total expenses	`NoninterestExpense`	$188.18M	USD	2 Qtrs
Total expenses	`NoninterestExpense`	$177.13M	USD	2 Qtrs
Total expenses	`NoninterestExpense`	$95.04M	USD	1 Quarter
Total expenses	`NoninterestExpense`	$90.91M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$230.59M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$91.76M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$196.55M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$151.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$60.16M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$91.88M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$73.43M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$34.55M	USD	1 Quarter
Net income	`ProfitLoss`	$91.02M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$138.72M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$9.69M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$5.24M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$4.87M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$10.38M	USD	2 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$129.02M	USD	2 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$86.15M	USD	1 Quarter
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$51.96M	USD	1 Quarter
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.74M	USD	2 Qtrs
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	2 Qtrs
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	425.69M	shares	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	427.53M	shares	2 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	425.06M	shares	2 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	427.94M	shares	1 Quarter
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	2 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	432.52M	shares	2 Qtrs
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	431.80M	shares	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	431.35M	shares	2 Qtrs
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	432.74M	shares	1 Quarter

Cash Flow Statement 114 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$91.02M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$138.72M	USD	2 Qtrs
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$74.39M	USD	2 Qtrs
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$32.18M	USD	2 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$91.88M	USD	2 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$73.43M	USD	2 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$5.35M	USD	2 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$5.18M	USD	2 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$1.20M	USD	2 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$502.00K	USD	2 Qtrs
Amortization of deferred loan origination costs and fees, net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-1.56M	USD	2 Qtrs
Amortization of deferred loan origination costs and fees, net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-2.72M	USD	2 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-883.00K	USD	2 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-793.00K	USD	2 Qtrs
Interest income on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$3.51M	USD	2 Qtrs
Interest income on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$4.07M	USD	2 Qtrs
Depreciation of premises and equipment	`Depreciation`	$3.44M	USD	2 Qtrs
Depreciation of premises and equipment	`Depreciation`	$2.29M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$740.00K	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$261.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.21M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$12.55M	USD	2 Qtrs
Unrealized gains on derivative and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$835.00K	USD	2 Qtrs
Unrealized gains on derivative and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$3.22M	USD	2 Qtrs
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	$76.87M	USD	1 Quarter
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	2 Qtrs
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	1 Quarter
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	$76.87M	USD	2 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	-	USD	2 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-1.10M	USD	2 Qtrs
Net decrease in loans held for sale	`NetIncreaseDecreaseinLoansHeldforSale`	$55.00K	USD	2 Qtrs
Net decrease in loans held for sale	`NetIncreaseDecreaseinLoansHeldforSale`	-	USD	2 Qtrs
Origination of loans held for sale	`Originationofloansheldforsale`	$55.00K	USD	2 Qtrs
Origination of loans held for sale	`Originationofloansheldforsale`	-	USD	2 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$277.58M	USD	2 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$191.01M	USD	2 Qtrs
Decrease in restricted cash and investments - other	`IncreaseDecreaseInRestrictedCash`	$-631.00K	USD	2 Qtrs
Decrease in restricted cash and investments - other	`IncreaseDecreaseInRestrictedCash`	$-2.05M	USD	2 Qtrs
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-21.39M	USD	2 Qtrs
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-1.29M	USD	2 Qtrs
Decrease in tax indemnification receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-29.82M	USD	2 Qtrs
Decrease in tax indemnification receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-14.91M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$25.21M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$14.59M	USD	2 Qtrs
Decrease in income tax payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-97.55M	USD	2 Qtrs
Decrease in income tax payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-149.19M	USD	2 Qtrs
Increase (decrease) in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-352.00K	USD	2 Qtrs
Increase (decrease) in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.92M	USD	2 Qtrs
Decrease in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$-6.54M	USD	2 Qtrs
Decrease in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$-808.00K	USD	2 Qtrs
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.98M	USD	2 Qtrs
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.71M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-222.60M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-229.79M	USD	2 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-83.89M	USD	2 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.67M	USD	2 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$2.07B	USD	2 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$2.23B	USD	2 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$785.48M	USD	2 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$5.74M	USD	2 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$33.89M	USD	2 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$67.77M	USD	2 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-445.61M	USD	2 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-624.04M	USD	2 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	-	USD	2 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	$8.37M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$23.36M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$26.24M	USD	2 Qtrs
Proceeds from sales and maturities of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$15.49M	USD	2 Qtrs
Proceeds from sales and maturities of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$17.94M	USD	2 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-779.81M	USD	2 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.59B	USD	2 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	-	USD	2 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$2.88M	USD	2 Qtrs
Net increase (decrease) in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$56.27M	USD	2 Qtrs
Net increase (decrease) in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$-140.69M	USD	2 Qtrs
Net increase (decrease) increase in other deposits	`NetincreaseinNOWaccountdeposits`	$-72.50M	USD	2 Qtrs
Net increase (decrease) increase in other deposits	`NetincreaseinNOWaccountdeposits`	$322.96M	USD	2 Qtrs
Issuance costs for collateralized borrowings	`PaymentsOfDebtIssuanceCosts`	$386.00K	USD	2 Qtrs
Issuance costs for collateralized borrowings	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Borrowings collateralized by loans in securitization trusts - issued	`BorrowingsCollateralizedByLoansInTrustIssued`	$499.39M	USD	2 Qtrs
Borrowings collateralized by loans in securitization trusts - issued	`BorrowingsCollateralizedByLoansInTrustIssued`	-	USD	2 Qtrs
Borrowings collateralized by loans in securitization trusts - repaid	`BorrowingsCollateralizedByLoansInTrustRepaid`	$40.62M	USD	2 Qtrs
Borrowings collateralized by loans in securitization trusts - repaid	`BorrowingsCollateralizedByLoansInTrustRepaid`	-	USD	2 Qtrs
Borrowings under ABCP Facility	`ProceedsFromIssuanceOfCommercialPaper`	$26.32M	USD	2 Qtrs
Borrowings under ABCP Facility	`ProceedsFromIssuanceOfCommercialPaper`	-	USD	2 Qtrs
Repayment of borrowings under ABCP Facility	`RepaymentsOfCommercialPaper`	$526.50M	USD	2 Qtrs
Repayment of borrowings under ABCP Facility	`RepaymentsOfCommercialPaper`	-	USD	2 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-104.00K	USD	2 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-1.44M	USD	2 Qtrs
Excess tax (expense) benefit from the exercise of stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-2.25M	USD	2 Qtrs
Excess tax (expense) benefit from the exercise of stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.77M	USD	2 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$9.69M	USD	2 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$10.38M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-217.22M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$320.50M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.08B	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.37B	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	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`	$1.28B	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`	$1.04B	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`	$1.28B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.36B	USD	Point-in-time
Interest	`InterestPaid`	$52.79M	USD	2 Qtrs
Interest	`InterestPaid`	$75.17M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$91.55M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$149.17M	USD	2 Qtrs
Income taxes received	`ProceedsFromIncomeTaxRefunds`	$86.00K	USD	2 Qtrs
Income taxes received	`ProceedsFromIncomeTaxRefunds`	$80.00K	USD	2 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$91.02M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$138.72M	USD	2 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.58M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	2 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.79M	USD	2 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$9.14M	USD	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.08M	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.17M	shares	2 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	425,495.00	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.21M	shares	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$91.02M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$138.72M	USD	2 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$4.32M	USD	2 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-3.18M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$1.29M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-2.51M	USD	2 Qtrs
Unrealized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-8.73M	USD	1 Quarter
Unrealized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-33.11M	USD	2 Qtrs
Unrealized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$18.16M	USD	1 Quarter
Unrealized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$2.47M	USD	2 Qtrs
Total unrealized (losses) gains	`OtherComprehensiveIncomeLossBeforeTax`	$-40.00K	USD	2 Qtrs
Total unrealized (losses) gains	`OtherComprehensiveIncomeLossBeforeTax`	$-7.44M	USD	1 Quarter
Total unrealized (losses) gains	`OtherComprehensiveIncomeLossBeforeTax`	$-28.79M	USD	2 Qtrs
Total unrealized (losses) gains	`OtherComprehensiveIncomeLossBeforeTax`	$14.98M	USD	1 Quarter
Income tax benefit (expense)	`OtherComprehensiveIncomeLossTax`	$-10.99M	USD	2 Qtrs
Income tax benefit (expense)	`OtherComprehensiveIncomeLossTax`	$5.84M	USD	1 Quarter
Income tax benefit (expense)	`OtherComprehensiveIncomeLossTax`	$-2.85M	USD	1 Quarter
Income tax benefit (expense)	`OtherComprehensiveIncomeLossTax`	$15.00K	USD	2 Qtrs
Other comprehensive (loss) income, net of tax benefit (expense)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.58M	USD	1 Quarter
Other comprehensive (loss) income, net of tax benefit (expense)	`OtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	2 Qtrs
Other comprehensive (loss) income, net of tax benefit (expense)	`OtherComprehensiveIncomeLossNetOfTax`	$-17.79M	USD	2 Qtrs
Other comprehensive (loss) income, net of tax benefit (expense)	`OtherComprehensiveIncomeLossNetOfTax`	$9.14M	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$52.62M	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$100.15M	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$105.33M	USD	2 Qtrs
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$138.66M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.