10-Q Filing

SLM Corp CIK: 1032033 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001628280-17-009947`
Period End Date	20170930
Filing Date	20171018
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	slm-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 116 Cash Flow Statement 110 Stockholders Equity 36 Comprehensive Income 28

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$236.02M	USD	Point-in-time
Amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$211.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.92B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$164.84M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$112.51M	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`	$1.25B	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$144.93M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$229.92M	USD	Point-in-time
Allowance for loan losses	`LoansAndLeasesReceivableAllowance`	$184.70M	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 $236,018 and $211,406, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$208.60M	USD	Point-in-time
Available-for-sale investments at fair value (cost of $236,018 and $211,406, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$232.55M	USD	Point-in-time
Tax benefit for accumulated other comprehensive (loss) income	`AociTaxAttributableToParent`	$-2.72M	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 $229,919 and $184,701, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$15.14B	USD	Point-in-time
Loans held for investment (net of allowance for losses of $229,919 and $184,701, respectively)	`LoansAndLeasesReceivableNetReportedAmount`	$18.04B	USD	Point-in-time
Preferred stock, stated value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestments`	$66.62M	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`	$53.72M	USD	Point-in-time
Other interest-earning assets	`OtherInterestEarningAssets`	$31.30M	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
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$1.02B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.12B	shares	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`	$88.97M	USD	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$214.50M	USD	Point-in-time
Tax indemnification receivable	`IncomeTaxReceivable`	$259.53M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	436.60M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	442.30M	shares	Point-in-time
Other assets	`OtherAssets`	$52.15M	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`	10.40M	shares	Point-in-time
Other assets	`OtherAssets`	$74.26M	USD	Point-in-time
Total assets	`Assets`	$18.53B	USD	Point-in-time
Total assets	`Assets`	$21.02B	USD	Point-in-time
Deposits	`Deposits`	$13.44B	USD	Point-in-time
Deposits	`Deposits`	$15.03B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$300.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$2.17B	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$2.74B	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$96.40M	USD	Point-in-time
Income taxes payable, net	`TaxesPayableCurrentAndNoncurrent`	$184.32M	USD	Point-in-time
Upromise member accounts	`Upromiserelatedliability`	$256.04M	USD	Point-in-time
Upromise member accounts	`Upromiserelatedliability`	$245.09M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$141.93M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$180.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.59B	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: 442.3 million and 436.6 million shares issued, respectively	`CommonStockValue`	$88.46M	USD	Point-in-time
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 442.3 million and 436.6 million shares issued, respectively	`CommonStockValue`	$87.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.18B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.21B	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $2,720 and $5,364, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.67M	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of $2,720 and $5,364, respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$595.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$824.32M	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$2.52B	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: 10.4 million and 7.7 million shares, respectively	`TreasuryStockValue`	$67.48M	USD	Point-in-time
Less: Common stock held in treasury at cost: 10.4 million and 7.7 million shares, respectively	`TreasuryStockValue`	$99.72M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$21.02B	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`	$1.02B	USD	3 Qtrs
Loans	`InterestAndFeeIncomeLoansAndLeases`	$765.25M	USD	3 Qtrs
Loans	`InterestAndFeeIncomeLoansAndLeases`	$359.61M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$268.34M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$1.93M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$7.16M	USD	3 Qtrs
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$2.19M	USD	1 Quarter
Investments	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$6.27M	USD	3 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$10.43M	USD	3 Qtrs
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$4.69M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$2.00M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$4.83M	USD	3 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$1.04B	USD	3 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$366.22M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$777.23M	USD	3 Qtrs
Total interest income	`InterestAndDividendIncomeOperating`	$272.54M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$38.21M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$107.63M	USD	3 Qtrs
Deposits	`InterestExpenseDeposits`	$61.89M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$157.47M	USD	3 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$1.60M	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$5.83M	USD	3 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$4.23M	USD	3 Qtrs
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$1.80M	USD	1 Quarter
Interest expense on long-term borrowings	`InterestExpenseLongTermDebt`	$20.47M	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`	$56.07M	USD	3 Qtrs
Total interest expense	`InterestExpense`	$217.78M	USD	3 Qtrs
Total interest expense	`InterestExpense`	$49.26M	USD	1 Quarter
Total interest expense	`InterestExpense`	$84.16M	USD	1 Quarter
Total interest expense	`InterestExpense`	$131.33M	USD	3 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$223.28M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$282.06M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$820.03M	USD	3 Qtrs
Net interest income	`InterestIncomeExpenseNet`	$645.90M	USD	3 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$41.78M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$54.93M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$116.18M	USD	3 Qtrs
Less: provisions for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$130.44M	USD	3 Qtrs
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`	$227.13M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$689.59M	USD	3 Qtrs
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$1.66M	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`	$-7.33M	USD	3 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$21.60M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$26.43M	USD	3 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$56.31M	USD	3 Qtrs
Other income	`NoninterestIncomeOtherOperatingIncome`	$4.46M	USD	1 Quarter
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`	$19.10M	USD	3 Qtrs
Total non-interest income	`NoninterestIncome`	$6.12M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$43.38M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$157.52M	USD	3 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$51.05M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$138.66M	USD	3 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$13.55M	USD	3 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$5.09M	USD	1 Quarter
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$21.48M	USD	3 Qtrs
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$7.63M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$151.07M	USD	3 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$51.23M	USD	1 Quarter
Other operating expenses	`OtherNoninterestExpense`	$135.16M	USD	3 Qtrs
Other operating expenses	`OtherNoninterestExpense`	$57.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$116.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$99.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$330.07M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$287.37M	USD	3 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$351.00K	USD	3 Qtrs
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$226.00K	USD	1 Quarter
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$117.00K	USD	1 Quarter
Acquired intangible asset amortization expense	`AcquiredIntangibleAssetsImpairmentAndAmortizationExpense`	$747.00K	USD	3 Qtrs
Total non-interest expenses	`NoninterestExpense`	$288.12M	USD	3 Qtrs
Total non-interest expenses	`NoninterestExpense`	$99.94M	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$330.42M	USD	3 Qtrs
Total non-interest expenses	`NoninterestExpense`	$116.26M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$301.07M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$116.99M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$104.52M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$378.27M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$120.99M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$40.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$136.34M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$47.56M	USD	1 Quarter
Net income	`ProfitLoss`	$76.37M	USD	1 Quarter
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Net income	`ProfitLoss`	$241.93M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.03M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$12.58M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$5.32M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$15.70M	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`	$73.34M	USD	1 Quarter
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$229.35M	USD	3 Qtrs
Net income attributable to SLM Corporation common stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$51.65M	USD	1 Quarter
Basic earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareBasic`	$0.53	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`	$0.17	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`	430.96M	shares	3 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	431.72M	shares	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	427.71M	shares	3 Qtrs
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	428.08M	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`	$0.52	USD	3 Qtrs
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	3 Qtrs
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`	438.42M	shares	3 Qtrs
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`	438.42M	shares	1 Quarter

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$76.37M	USD	1 Quarter
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Net income	`ProfitLoss`	$241.93M	USD	3 Qtrs
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$130.44M	USD	3 Qtrs
Provisions for credit losses	`ProvisionForDoubtfulAccounts`	$116.18M	USD	3 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$118.53M	USD	3 Qtrs
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$136.34M	USD	3 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$6.83M	USD	3 Qtrs
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$7.77M	USD	3 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$866.00K	USD	3 Qtrs
Amortization of ABCP Facility upfront fee	`AmortizationofUpfrontLoanFees`	$995.00K	USD	3 Qtrs
Amortization of deferred loan origination costs and fees, net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-6.12M	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`	$-1.50M	USD	3 Qtrs
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.39M	USD	3 Qtrs
Loss (income) on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$-311.00K	USD	3 Qtrs
Loss (income) on tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$14.39M	USD	3 Qtrs
Depreciation of premises and equipment	`Depreciation`	$8.19M	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`	$351.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$21.77M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.95M	USD	3 Qtrs
Unrealized losses (gains) on derivatives and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$-6.93M	USD	3 Qtrs
Unrealized losses (gains) on derivatives and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$1.88M	USD	3 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-4.60M	USD	3 Qtrs
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-2.54M	USD	3 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$506.45M	USD	3 Qtrs
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$430.44M	USD	3 Qtrs
Decrease in restricted cash and investments, net	`IncreaseDecreaseInRestrictedCash`	$-5.70M	USD	3 Qtrs
Decrease in restricted cash and investments, net	`IncreaseDecreaseInRestrictedCash`	$-1.56M	USD	3 Qtrs
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-17.81M	USD	3 Qtrs
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-7.56M	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`	$22.88M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$53.28M	USD	3 Qtrs
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-201.34M	USD	3 Qtrs
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-217.24M	USD	3 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$15.24M	USD	3 Qtrs
Increase in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$10.20M	USD	3 Qtrs
(Decrease) increase in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$-305.00K	USD	3 Qtrs
(Decrease) increase in payable due to entity that is a subsidiary of Navient	`IncreaseDecreaseInDueToRelatedParties`	$658.00K	USD	3 Qtrs
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$7.13M	USD	3 Qtrs
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$6.14M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-363.25M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-321.92M	USD	3 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-121.32M	USD	3 Qtrs
Total net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-141.83M	USD	3 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$4.31B	USD	3 Qtrs
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$4.07B	USD	3 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$7.91M	USD	3 Qtrs
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$5.50M	USD	3 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$49.74M	USD	3 Qtrs
Proceeds from claim payments	`ProceedsfromClaimpayments`	$34.76M	USD	3 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-953.72M	USD	3 Qtrs
Net decrease in loans held for investment	`Netincreasedecreaseinloansheldforinvestment`	$-1.49B	USD	3 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	$18.61M	USD	3 Qtrs
Increase in restricted cash and investments - variable interest entities	`IncreaseDecreaseInRestrictedCashAndInvestments`	$11.84M	USD	3 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$55.57M	USD	3 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$40.77M	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`	$29.45M	USD	3 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.83B	USD	3 Qtrs
Total net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.09B	USD	3 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$9.67M	USD	3 Qtrs
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$3.95M	USD	3 Qtrs
Net increase in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$1.09B	USD	3 Qtrs
Net increase in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$481.62M	USD	3 Qtrs
Net increase in other deposits	`NetincreaseinNOWaccountdeposits`	$516.34M	USD	3 Qtrs
Net increase in other deposits	`NetincreaseinNOWaccountdeposits`	$961.12M	USD	3 Qtrs
Issuance costs for collateralized borrowings	`RepaymentsOfSecuredDebt`	$1.35M	USD	3 Qtrs
Issuance costs for collateralized borrowings	`RepaymentsOfSecuredDebt`	-	USD	3 Qtrs
Borrowings collateralized by loans in securitization trusts - issued	`BorrowingsCollateralizedByLoansInTrustIssued`	$767.25M	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`	$106.57M	USD	3 Qtrs
Borrowings collateralized by loans in securitization trusts - repaid	`BorrowingsCollateralizedByLoansInTrustRepaid`	$397.11M	USD	3 Qtrs
Issuance costs for unsecured debt offering	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Issuance costs for unsecured debt offering	`PaymentsOfDebtIssuanceCosts`	$1.06M	USD	3 Qtrs
Unsecured debt issued	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	3 Qtrs
Unsecured debt issued	`ProceedsFromIssuanceOfUnsecuredDebt`	$197.00M	USD	3 Qtrs
Borrowings under ABCP Facility	`ProceedsFromIssuanceOfCommercialPaper`	$300.00M	USD	3 Qtrs
Borrowings under ABCP Facility	`ProceedsFromIssuanceOfCommercialPaper`	$376.32M	USD	3 Qtrs
Repayment of borrowings under ABCP Facility	`RepaymentsOfCommercialPaper`	$526.50M	USD	3 Qtrs
Repayment of borrowings under ABCP Facility	`RepaymentsOfCommercialPaper`	-	USD	3 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-1.45M	USD	3 Qtrs
Fees paid on ABCP Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-1.28M	USD	3 Qtrs
Redemption of Preferred Stock Series A	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$-165.00M	USD	3 Qtrs
Redemption of Preferred Stock Series A	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$15.70M	USD	3 Qtrs
Preferred stock dividends paid	`PaymentsOfDividends`	$12.58M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.28B	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.27B	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-961.28M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-671.03M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	USD	Point-in-time
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`	$1.25B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.45B	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`	$1.25B	USD	Point-in-time
Interest	`InterestPaid`	$119.81M	USD	3 Qtrs
Interest	`InterestPaid`	$191.49M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$216.32M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$201.22M	USD	3 Qtrs
Income taxes refunded	`ProceedsFromIncomeTaxRefunds`	$986.00K	USD	3 Qtrs
Income taxes refunded	`ProceedsFromIncomeTaxRefunds`	$86.00K	USD	3 Qtrs

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Net income	`ProfitLoss`	$76.37M	USD	1 Quarter
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Net income	`ProfitLoss`	$241.93M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.25M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$3.44M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$6.04M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-11.75M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$246.19M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$168.33M	USD	3 Qtrs
Cumulative effect of the new stock compensation standard	`CumulativeEffectofAdoptionofNewStockCompensationAmendment`	$165.00K	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`	3.73M	shares	3 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	561,100.00	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.65M	shares	3 Qtrs
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	423,112.00	shares	1 Quarter
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$16.47M	USD	3 Qtrs
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$6.24M	USD	3 Qtrs
Tax benefit related to employee stock-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-2.46M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.77M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.95M	USD	3 Qtrs
Shares repurchased related to employee stock-based compensation plans (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	1.76M	shares	3 Qtrs
Shares repurchased related to employee stock-based compensation plans (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	2.67M	shares	3 Qtrs
Shares repurchased related to employee stock-based compensation plans (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	81,817.00	shares	1 Quarter
Shares repurchased related to employee stock-based compensation plans (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	371,165.00	shares	1 Quarter
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`	$32.23M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.26B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.35B	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`	$76.37M	USD	1 Quarter
Net income	`ProfitLoss`	$180.09M	USD	3 Qtrs
Net income	`ProfitLoss`	$56.97M	USD	1 Quarter
Net income	`ProfitLoss`	$241.93M	USD	3 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-666.00K	USD	3 Qtrs
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$734.00K	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 cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$7.56M	USD	3 Qtrs
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$9.32M	USD	1 Quarter
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$4.81M	USD	1 Quarter
Unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax`	$-23.78M	USD	3 Qtrs
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-19.06M	USD	3 Qtrs
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$5.55M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$9.73M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$6.90M	USD	3 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-7.30M	USD	3 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$2.64M	USD	3 Qtrs
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$3.69M	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$2.11M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$4.25M	USD	3 Qtrs
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$3.44M	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`	$-11.75M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$63.01M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$246.19M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$168.33M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$79.81M	USD	1 Quarter

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