10-Q Filing

SLM Corp CIK: 1032033 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001628280-17-007135`
Period End Date	20170630
Filing Date	20170719
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	slm-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 116 Cash Flow Statement 110 Stockholders Equity 32 Comprehensive Income 28

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$233.68M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$211.41M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$126.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.92B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$207.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$187.09M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$144.93M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$184.70M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$112.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-4.83M	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-5.36M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $233,682 and $211,406, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$229.48M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $233,682 and $211,406, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$208.60M	USD	Point-in-time
Loans held for investment (net of allowance for losses of $207,448 and $184,701, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$16.56B	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 $207,448 and $184,701, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$15.14B	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`	$62.47M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestments`	$53.72M	USD	Point-in-time
Other interest-earning assets	`OtherInterestEarningAssets`	$48.53M	USD	Point-in-time
Other interest-earning assets	`OtherInterestEarningAssets`	$49.11M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$766.11M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$926.27M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$87.06M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.12B	shares	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$88.98M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.12B	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	436.60M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	441.80M	shares	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$259.53M	USD	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$233.14M	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	7.70M	shares	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	10.30M	shares	Point-in-time
Other assets	`OtherAssets`	$45.84M	USD	Point-in-time
Other assets	`OtherAssets`	$52.15M	USD	Point-in-time
Total assets	`Assets`	$19.51B	USD	Point-in-time
Total assets	`Assets`	$18.53B	USD	Point-in-time
Deposits	`Deposits`	$13.44B	USD	Point-in-time
Deposits	`Deposits`	$13.79B	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$2.17B	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$2.87B	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$184.32M	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$140.14M	USD	Point-in-time
Upromise member accounts	`Upromiserelatedliability`	$256.04M	USD	Point-in-time
Upromise member accounts	`Upromiserelatedliability`	$247.32M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$141.93M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$121.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.18B	USD	Point-in-time
Total liabilities	`Liabilities`	$16.19B	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: 441.8 million and 436.6 million shares issued, respectively	`CommonStockValue`	$88.37M	USD	Point-in-time
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 441.8 million and 436.6 million shares issued, respectively	`CommonStockValue`	$87.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.21B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.18B	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $4,833 and $5,364, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.67M	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $4,833 and $5,364, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$595.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$750.97M	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$2.44B	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$2.41B	USD	Point-in-time
Less: Common stock held in treasury at cost: 10.3 million and 7.7 million shares, respectively	`TreasuryStockValue`	$98.82M	USD	Point-in-time
Less: Common stock held in treasury at cost: 10.3 million and 7.7 million shares, respectively	`TreasuryStockValue`	$67.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$19.51B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$18.53B	USD	Point-in-time

Income Statement 116 line items

Line Item	Tag	Value	Unit	Period
Loans	`InterestAndFeeIncomeLoansAndLeases`	$336.74M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$251.68M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$661.50M	USD	2 Qtrs
Loans	`InterestAndFeeIncomeLoansAndLeases`	$496.90M	USD	2 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.37M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$4.34M	USD	2 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.20M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$4.96M	USD	2 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$5.74M	USD	2 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$2.83M	USD	2 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$3.15M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$1.20M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$342.10M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$504.70M	USD	2 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$671.58M	USD	2 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$255.24M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$69.42M	USD	2 Qtrs
Deposits	`InterestExpenseDeposits`	$35.41M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$50.73M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$95.58M	USD	2 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$1.19M	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$2.43M	USD	2 Qtrs
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 long-term borrowings	`InterestExpenseLongTermDebt`	$5.01M	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$35.60M	USD	2 Qtrs
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$8.42M	USD	2 Qtrs
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$20.28M	USD	1 Quarter
Total interest expense	`InterestExpense`	$133.61M	USD	2 Qtrs
Total interest expense	`InterestExpense`	$42.48M	USD	1 Quarter
Total interest expense	`InterestExpense`	$82.07M	USD	2 Qtrs
Total interest expense	`InterestExpense`	$72.20M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$537.97M	USD	2 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$422.63M	USD	2 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$269.89M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$212.77M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$50.22M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$74.39M	USD	2 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$41.79M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$75.51M	USD	2 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$348.23M	USD	2 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$462.46M	USD	2 Qtrs
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$219.68M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$170.97M	USD	1 Quarter
(Losses) gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-8.99M	USD	2 Qtrs
(Losses) gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$1.79M	USD	2 Qtrs
(Losses) gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-3.61M	USD	1 Quarter
(Losses) gains on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$2.14M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$10.63M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$21.98M	USD	2 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$34.71M	USD	2 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$13.68M	USD	1 Quarter
Total non-interest income	`NoninterestIncome`	$12.99M	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`	$7.02M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$44.57M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$106.47M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$51.01M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$94.78M	USD	2 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$13.85M	USD	2 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$8.45M	USD	2 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$4.28M	USD	1 Quarter
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$6.62M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$84.43M	USD	2 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$53.62M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$45.93M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$93.61M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$94.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$111.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$187.66M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$213.93M	USD	2 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$117.00K	USD	1 Quarter
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$234.00K	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
Total non-interest expenses	`NoninterestExpense`	$214.16M	USD	2 Qtrs
Total non-interest expenses	`NoninterestExpense`	$111.37M	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$188.18M	USD	2 Qtrs
Total non-interest expenses	`NoninterestExpense`	$95.04M	USD	1 Quarter
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`	$115.33M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$261.28M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$34.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$73.43M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$95.72M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$44.71M	USD	1 Quarter
Net income	`ProfitLoss`	$165.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.62M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.97M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$10.38M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$5.24M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$9.55M	USD	2 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$156.01M	USD	2 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.74M	USD	2 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$66.64M	USD	1 Quarter
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$51.96M	USD	1 Quarter
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`	$0.15	USD	1 Quarter
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`	$0.36	USD	2 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	430.57M	shares	2 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	427.53M	shares	2 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	431.25M	shares	1 Quarter
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`	$0.35	USD	2 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	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`	$0.26	USD	2 Qtrs
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	438.42M	shares	2 Qtrs
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	438.12M	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`	431.80M	shares	1 Quarter

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$165.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.62M	USD	1 Quarter
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$75.51M	USD	2 Qtrs
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$74.39M	USD	2 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$95.72M	USD	2 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$71.18M	USD	2 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$4.34M	USD	2 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$5.18M	USD	2 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$668.00K	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`	$-2.72M	USD	2 Qtrs
Amortization of deferred loan origination costs and fees, net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-4.07M	USD	2 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-793.00K	USD	2 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-872.00K	USD	2 Qtrs
Interest income on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$4.07M	USD	2 Qtrs
Interest income on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$3.43M	USD	2 Qtrs
Depreciation of premises and equipment	`Depreciation`	$5.37M	USD	2 Qtrs
Depreciation of premises and equipment	`Depreciation`	$2.29M	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$234.00K	USD	2 Qtrs
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$261.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$15.50M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$12.55M	USD	2 Qtrs
Unrealized losses (gains) on derivatives and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$835.00K	USD	2 Qtrs
Unrealized losses (gains) on derivatives and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$-10.83M	USD	2 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-3.00M	USD	2 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-1.10M	USD	2 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$324.68M	USD	2 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$277.58M	USD	2 Qtrs
Decrease in restricted cash and investments, net	`IncreaseDecreaseInRestrictedCash`	$-2.05M	USD	2 Qtrs
Decrease in restricted cash and investments, net	`IncreaseDecreaseInRestrictedCash`	$-4.00M	USD	2 Qtrs
Increase in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-1.29M	USD	2 Qtrs
Increase in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-588.00K	USD	2 Qtrs
Decrease in tax indemnification receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-29.82M	USD	2 Qtrs
Decrease in tax indemnification receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-29.82M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$20.59M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$14.59M	USD	2 Qtrs
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-139.78M	USD	2 Qtrs
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-149.19M	USD	2 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$3.27M	USD	2 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.92M	USD	2 Qtrs
Decrease in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$-1.24M	USD	2 Qtrs
Decrease in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$-808.00K	USD	2 Qtrs
(Decrease) increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-35.27M	USD	2 Qtrs
(Decrease) increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.98M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-271.19M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-232.04M	USD	2 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.63M	USD	2 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.92M	USD	2 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$2.35B	USD	2 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$2.23B	USD	2 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$3.47M	USD	2 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$5.74M	USD	2 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$24.91M	USD	2 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$33.89M	USD	2 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-980.23M	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`	$8.37M	USD	2 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	$12.75M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$40.12M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$23.36M	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`	$16.98M	USD	2 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.37B	USD	2 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.59B	USD	2 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$5.33M	USD	2 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$2.88M	USD	2 Qtrs
Net decrease in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$308.07M	USD	2 Qtrs
Net decrease in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$56.27M	USD	2 Qtrs
Net increase in other deposits	`NetincreaseinNOWaccountdeposits`	$51.45M	USD	2 Qtrs
Net increase in other deposits	`NetincreaseinNOWaccountdeposits`	$322.96M	USD	2 Qtrs
Issuance costs for collateralized borrowings	`RepaymentsOfSecuredDebt`	-	USD	2 Qtrs
Issuance costs for collateralized borrowings	`RepaymentsOfSecuredDebt`	$386.00K	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`	$767.24M	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`	$262.57M	USD	2 Qtrs
Issuance costs for unsecured debt offering	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Issuance costs for unsecured debt offering	`PaymentsOfDebtIssuanceCosts`	$423.00K	USD	2 Qtrs
Unsecured debt issued	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Unsecured debt issued	`RepaymentsOfUnsecuredDebt`	$197.00M	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`	$-1.26M	USD	2 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-1.44M	USD	2 Qtrs
Redemption of Preferred Stock Series A	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-165.00M	USD	2 Qtrs
Redemption of Preferred Stock Series A	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$10.38M	USD	2 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$9.55M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$879.63M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$322.74M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.37B	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-600.62M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.92B	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`	$1.32B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.92B	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`	$1.32B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Interest	`InterestPaid`	$75.17M	USD	2 Qtrs
Interest	`InterestPaid`	$121.60M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$139.83M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$149.17M	USD	2 Qtrs
Income taxes refunded	`ProceedsFromIncomeTaxRefunds`	$833.00K	USD	2 Qtrs
Income taxes refunded	`ProceedsFromIncomeTaxRefunds`	$86.00K	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Net income	`ProfitLoss`	$165.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.62M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.16M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-4.58M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.79M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$819.00K	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$105.33M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$166.38M	USD	2 Qtrs
Cumulative effect of the new stock compensation standard	`CumulativeEffectofAdoptionofNewStockCompensationAmendment`	$165.00K	USD	2 Qtrs
Dividend equivalent units related to employee stock-based compensation plans	`DividendsShareBasedCompensation`	-	USD	2 Qtrs
Dividend equivalent units related to employee stock-based compensation plans	`DividendsShareBasedCompensation`	-	USD	2 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.17M	shares	2 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.49M	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.23M	shares	2 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	425,495.00	shares	1 Quarter
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$3.86M	USD	2 Qtrs
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$14.49M	USD	2 Qtrs
Tax benefit related to employee stock-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-2.25M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.50M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.55M	USD	2 Qtrs
Shares repurchased related to employee stock-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$31.34M	USD	2 Qtrs
Shares repurchased related to employee stock-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.51M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$165.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$57.20M	USD	1 Quarter
Net income	`ProfitLoss`	$123.12M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.62M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-1.40M	USD	2 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$4.32M	USD	2 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$1.29M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$167.00K	USD	1 Quarter
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$2.75M	USD	2 Qtrs
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-33.11M	USD	2 Qtrs
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-8.73M	USD	1 Quarter
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-2.03M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-28.79M	USD	2 Qtrs
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-1.86M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-7.44M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$1.35M	USD	2 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$531.00K	USD	2 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-701.00K	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-10.99M	USD	2 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-2.85M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-1.16M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-4.58M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-17.79M	USD	2 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$819.00K	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$105.33M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$166.38M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$69.46M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.62M	USD	1 Quarter

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