10-Q Filing

SLM Corp CIK: 1032033 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-020138`
Period End Date	20160930
Filing Date	20161019
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	slm-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 124 Cash Flow Statement 114 Stockholders Equity 32 Comprehensive Income 28

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$196.40M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$209.46M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$112.51M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$104.20M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$164.84M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$83.84M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$91.87M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$144.93M	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-9.95M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $209,464 and $196,402, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$195.39M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $209,464 and $196,402, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$213.18M	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-17.25M	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 $164,839 and $112,507, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$14.76B	USD	Point-in-time
Loans held for investment (net of allowance for losses of $164,839 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
Restricted cash and investments	`RestrictedCashAndInvestments`	$27.98M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestments`	$38.26M	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
Other interest-earning assets	`OtherInterestEarningAssets`	$47.28M	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
Accrued interest receivable	`InterestReceivable`	$564.50M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$805.65M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$86.72M	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
Common stock shares issued (in shares)	`CommonStockSharesIssued`	434.40M	shares	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$186.08M	USD	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$276.54M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	430.70M	shares	Point-in-time
Other assets	`OtherAssets`	$57.23M	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	4.40M	shares	Point-in-time
Other assets	`OtherAssets`	$62.55M	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	6.10M	shares	Point-in-time
Total assets	`Assets`	$15.21B	USD	Point-in-time
Total assets	`Assets`	$17.75B	USD	Point-in-time
Deposits	`Deposits`	$12.94B	USD	Point-in-time
Deposits	`Deposits`	$11.49B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$350.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$500.18M	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$1.58B	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$579.10M	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$199.81M	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$166.66M	USD	Point-in-time
Upromise related liabilities	`Upromiserelatedliability`	$259.29M	USD	Point-in-time
Upromise related liabilities	`Upromiserelatedliability`	$275.38M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$157.98M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$108.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.49B	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: 434.4 million and 430.7 million shares issued, respectively	`CommonStockValue`	$86.88M	USD	Point-in-time
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 434.4 million and 430.7 million shares issued, respectively	`CommonStockValue`	$86.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.16B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.14B	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $17,253 and $9,949, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.81M	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $17,253 and $9,949, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$530.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$366.61M	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$2.14B	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$2.31B	USD	Point-in-time
Less: Common stock held in treasury at cost: 6.1 million and 4.4 million shares, respectively	`TreasuryStockValue`	$41.22M	USD	Point-in-time
Less: Common stock held in treasury at cost: 6.1 million and 4.4 million shares, respectively	`TreasuryStockValue`	$52.41M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.83B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$15.21B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$17.75B	USD	Point-in-time

Income Statement 124 line items

Line Item	Tag	Value	Unit	Period
Loans	`InterestAndFeeIncomeLoansAndLeases`	$765.25M	USD	3 Qtrs
Loans	`InterestAndFeeIncomeLoansAndLeases`	$205.27M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$598.42M	USD	3 Qtrs
Loans	`InterestAndFeeIncomeLoansAndLeases`	$268.34M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.19M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$7.75M	USD	3 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$7.16M	USD	3 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.64M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$987.00K	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$2.57M	USD	3 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$4.83M	USD	3 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$2.00M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$777.23M	USD	3 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$208.90M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$608.73M	USD	3 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$272.54M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$86.96M	USD	3 Qtrs
Deposits	`InterestExpenseDeposits`	$29.11M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$38.21M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$107.63M	USD	3 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$4.72M	USD	3 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$1.95M	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$5.83M	USD	3 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$1.60M	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$2.40M	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$17.87M	USD	3 Qtrs
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$9.45M	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$2.40M	USD	3 Qtrs
Total interest expense	`InterestExpense`	$131.33M	USD	3 Qtrs
Total interest expense	`InterestExpense`	$49.26M	USD	1 Quarter
Total interest expense	`InterestExpense`	$33.46M	USD	1 Quarter
Total interest expense	`InterestExpense`	$94.08M	USD	3 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$645.90M	USD	3 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$175.44M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$223.28M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$514.65M	USD	3 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$27.50M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$59.67M	USD	3 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$116.18M	USD	3 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$41.78M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$529.73M	USD	3 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$181.49M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$454.98M	USD	3 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$147.94M	USD	1 Quarter
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	1 Quarter
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	3 Qtrs
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	$76.87M	USD	3 Qtrs
Gains on sales of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	1 Quarter
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$1.37M	USD	1 Quarter
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$3.16M	USD	3 Qtrs
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$4.35M	USD	3 Qtrs
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-547.00K	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$21.60M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$10.46M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$56.31M	USD	3 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$29.37M	USD	3 Qtrs
Total non-interest income	`NoninterestIncome`	$22.97M	USD	1 Quarter
Total non-interest income	`NoninterestIncome`	$59.47M	USD	3 Qtrs
Total non-interest income	`NoninterestIncome`	$110.59M	USD	3 Qtrs
Total non-interest income	`NoninterestIncome`	$9.91M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$39.30M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$43.38M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$138.66M	USD	3 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$119.08M	USD	3 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$5.09M	USD	1 Quarter
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$13.55M	USD	3 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$3.80M	USD	1 Quarter
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$10.23M	USD	3 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$49.76M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$134.54M	USD	3 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$135.16M	USD	3 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$51.23M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$287.37M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$99.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$92.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$263.85M	USD	3 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$370.00K	USD	1 Quarter
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$747.00K	USD	3 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$1.11M	USD	3 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$226.00K	USD	1 Quarter
Restructuring and other reorganization expenses	`RestructuringCharges`	$910.00K	USD	1 Quarter
Restructuring and other reorganization expenses	`RestructuringCharges`	$6.31M	USD	3 Qtrs
Restructuring and other reorganization expenses	`RestructuringCharges`	-	USD	3 Qtrs
Restructuring and other reorganization expenses	`RestructuringCharges`	-	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$99.94M	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$94.14M	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$288.12M	USD	3 Qtrs
Total non-interest expenses	`NoninterestExpense`	$271.27M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$301.07M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$294.30M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.71M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$104.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$47.56M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$109.86M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$120.99M	USD	3 Qtrs
Net income	`ProfitLoss`	$184.44M	USD	3 Qtrs
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$45.72M	USD	1 Quarter
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$14.61M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$5.32M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$15.70M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$4.91M	USD	1 Quarter
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$169.83M	USD	3 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$164.39M	USD	3 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$51.65M	USD	1 Quarter
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.81M	USD	1 Quarter
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.40	USD	3 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`	$0.10	USD	1 Quarter
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	3 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	428.08M	shares	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	425.38M	shares	3 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	426.02M	shares	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	427.71M	shares	3 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	3 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	3 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	433.52M	shares	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	432.08M	shares	3 Qtrs
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	432.55M	shares	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	432.53M	shares	3 Qtrs

Cash Flow Statement 114 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$184.44M	USD	3 Qtrs
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$45.72M	USD	1 Quarter
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$59.67M	USD	3 Qtrs
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$116.18M	USD	3 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$120.99M	USD	3 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$109.86M	USD	3 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$7.77M	USD	3 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$8.01M	USD	3 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$866.00K	USD	3 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$1.79M	USD	3 Qtrs
Amortization of deferred loan origination costs and fees, net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-2.56M	USD	3 Qtrs
Amortization of deferred loan origination costs and fees, net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-4.30M	USD	3 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.39M	USD	3 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.33M	USD	3 Qtrs
Interest income on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$14.39M	USD	3 Qtrs
Interest income on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$5.12M	USD	3 Qtrs
Depreciation of premises and equipment	`Depreciation`	$5.43M	USD	3 Qtrs
Depreciation of premises and equipment	`Depreciation`	$6.90M	USD	3 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$747.00K	USD	3 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$1.11M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$16.42M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.95M	USD	3 Qtrs
Unrealized gains on derivative and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$1.88M	USD	3 Qtrs
Unrealized gains on derivative and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$1.99M	USD	3 Qtrs
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	1 Quarter
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	3 Qtrs
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	$76.87M	USD	3 Qtrs
Gains on sale of loans, net	`LoansAndLeasesReceivableGainLossOnSalesNet`	-	USD	1 Quarter
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-216.00K	USD	3 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-2.54M	USD	3 Qtrs
Net decrease in loans held for sale	`NetIncreaseDecreaseinLoansHeldforSale`	$55.00K	USD	3 Qtrs
Net decrease in loans held for sale	`NetIncreaseDecreaseinLoansHeldforSale`	-	USD	3 Qtrs
Origination of loans held for sale	`Originationofloansheldforsale`	-	USD	3 Qtrs
Origination of loans held for sale	`Originationofloansheldforsale`	$55.00K	USD	3 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$316.26M	USD	3 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$430.44M	USD	3 Qtrs
Decrease (increase) in restricted cash and investments - other	`IncreaseDecreaseInRestrictedCash`	$2.60M	USD	3 Qtrs
Decrease (increase) in restricted cash and investments - other	`IncreaseDecreaseInRestrictedCash`	$-1.56M	USD	3 Qtrs
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-7.56M	USD	3 Qtrs
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-24.88M	USD	3 Qtrs
Decrease in tax indemnification receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-44.73M	USD	3 Qtrs
Decrease in tax indemnification receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-44.73M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.02M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.88M	USD	3 Qtrs
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-176.17M	USD	3 Qtrs
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-201.34M	USD	3 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$10.20M	USD	3 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$7.23M	USD	3 Qtrs
Increase (decrease) in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$658.00K	USD	3 Qtrs
Increase (decrease) in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$-5.37M	USD	3 Qtrs
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.13M	USD	3 Qtrs
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.89M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-313.27M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-319.46M	USD	3 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-139.38M	USD	3 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.83M	USD	3 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$4.07B	USD	3 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$3.79B	USD	3 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$790.09M	USD	3 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$7.91M	USD	3 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$91.00M	USD	3 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$49.74M	USD	3 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-672.66M	USD	3 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-953.72M	USD	3 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	$11.84M	USD	3 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	$18.20M	USD	3 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$40.77M	USD	3 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$50.06M	USD	3 Qtrs
Proceeds from sales and maturities of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$26.32M	USD	3 Qtrs
Proceeds from sales and maturities of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$26.22M	USD	3 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.09B	USD	3 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.28B	USD	3 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$477.00K	USD	3 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$3.95M	USD	3 Qtrs
Net increase in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$161.10M	USD	3 Qtrs
Net increase in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$481.62M	USD	3 Qtrs
Net increase (decrease) in other deposits	`NetincreaseinNOWaccountdeposits`	$-129.41M	USD	3 Qtrs
Net increase (decrease) in other deposits	`NetincreaseinNOWaccountdeposits`	$961.12M	USD	3 Qtrs
Issuance costs for collateralized borrowings	`PaymentsOfDebtIssuanceCosts`	$1.35M	USD	3 Qtrs
Issuance costs for collateralized borrowings	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Borrowings collateralized by loans in securitization trusts - issued	`BorrowingsCollateralizedByLoansInTrustIssued`	$620.68M	USD	3 Qtrs
Borrowings collateralized by loans in securitization trusts - issued	`BorrowingsCollateralizedByLoansInTrustIssued`	$1.10B	USD	3 Qtrs
Borrowings collateralized by loans in securitization trusts - repaid	`BorrowingsCollateralizedByLoansInTrustRepaid`	$27.20M	USD	3 Qtrs
Borrowings collateralized by loans in securitization trusts - repaid	`BorrowingsCollateralizedByLoansInTrustRepaid`	$106.57M	USD	3 Qtrs
Borrowings under ABCP Facility	`ProceedsFromIssuanceOfCommercialPaper`	$713.75M	USD	3 Qtrs
Borrowings under ABCP Facility	`ProceedsFromIssuanceOfCommercialPaper`	$376.32M	USD	3 Qtrs
Repayment of borrowings under ABCP Facility	`RepaymentsOfCommercialPaper`	$3.74M	USD	3 Qtrs
Repayment of borrowings under ABCP Facility	`RepaymentsOfCommercialPaper`	$526.50M	USD	3 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-1.45M	USD	3 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-104.00K	USD	3 Qtrs
Excess tax (expense) benefit from the exercise of stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-2.46M	USD	3 Qtrs
Excess tax (expense) benefit from the exercise of stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.09M	USD	3 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$15.70M	USD	3 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$14.61M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.33B	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.27B	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.08B	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-961.28M	USD	3 Qtrs
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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	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
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Interest	`InterestPaid`	$119.81M	USD	3 Qtrs
Interest	`InterestPaid`	$79.92M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$171.19M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$201.22M	USD	3 Qtrs
Income taxes received	`ProceedsFromIncomeTaxRefunds`	$80.00K	USD	3 Qtrs
Income taxes received	`ProceedsFromIncomeTaxRefunds`	$86.00K	USD	3 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.83B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time
Net income	`ProfitLoss`	$184.44M	USD	3 Qtrs
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$45.72M	USD	1 Quarter
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$6.04M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-12.07M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-11.75M	USD	3 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-12.12M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$168.33M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$172.32M	USD	3 Qtrs
Dividend equivalent units related to employee stock-based compensation plans	`DividendsShareBasedCompensation`	-	USD	3 Qtrs
Dividend equivalent units related to employee stock-based compensation plans	`DividendsShareBasedCompensation`	-	USD	3 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	561,100.00	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.73M	shares	3 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	361,779.00	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.57M	shares	3 Qtrs
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$6.24M	USD	3 Qtrs
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$15.44M	USD	3 Qtrs
Tax benefit related to employee stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$6.09M	USD	3 Qtrs
Tax deficiency related to employee stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation`	$2.46M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.42M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.95M	USD	3 Qtrs
Shares repurchased related to employee stock-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$11.19M	USD	3 Qtrs
Shares repurchased related to employee stock-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$28.29M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.83B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$184.44M	USD	3 Qtrs
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$45.72M	USD	1 Quarter
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$2.01M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$406.00K	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$4.72M	USD	3 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-499.00K	USD	3 Qtrs
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-21.75M	USD	1 Quarter
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-19.28M	USD	3 Qtrs
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-23.78M	USD	3 Qtrs
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$9.32M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-19.74M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$9.73M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-19.78M	USD	3 Qtrs
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-19.06M	USD	3 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-7.66M	USD	3 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-7.30M	USD	3 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$3.69M	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-7.68M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$6.04M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-12.07M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-11.75M	USD	3 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-12.12M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.66M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$172.32M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$63.01M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$168.33M	USD	3 Qtrs

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