10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-20-005290 |
| Period End Date | 20200331 |
| Filing Date | 20200422 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | slm-20200331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
85 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.16B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.29B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.56B | USD | Point-in-time |
| Trading investments at fair value (cost of $12,551) |
TradingSecuritiesDebt
|
- | USD | Point-in-time |
| Trading investments at fair value (cost of $12,551) |
TradingSecuritiesDebt
|
$11.36M | USD | Point-in-time |
| Available-for-sale investments at fair value (cost of $607,867 and $485,756, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$487.67M | USD | Point-in-time |
| Available-for-sale investments at fair value (cost of $607,867 and $485,756, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$614.58M | USD | Point-in-time |
| Other investments |
OtherInvestments
|
$82.85M | USD | Point-in-time |
| Trading investments, cost |
TradingSecuritiesDebtAmortizedCost
|
$12.55M | USD | Point-in-time |
| Other investments |
OtherInvestments
|
$84.42M | USD | Point-in-time |
| Available-for-sale investments, cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$485.76M | USD | Point-in-time |
| Available-for-sale investments, cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$607.87M | USD | Point-in-time |
| Total investments |
Investments
|
$708.79M | USD | Point-in-time |
| Total investments |
Investments
|
$572.09M | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $1,673,324 and $441,912, respectively) |
NotesReceivableNet
|
$21.70B | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $1,673,324 and $441,912, respectively) |
NotesReceivableNet
|
$24.67B | USD | Point-in-time |
| Allowance for credit losses on loans and leases |
FinancingReceivableAllowanceForCreditLosses
|
$358.32M | USD | Point-in-time |
| Allowance for credit losses on loans and leases |
FinancingReceivableAllowanceForCreditLosses
|
$341.12M | USD | Point-in-time |
| Allowance for credit losses on loans and leases |
FinancingReceivableAllowanceForCreditLosses
|
$441.91M | USD | Point-in-time |
| Allowance for credit losses on loans and leases |
FinancingReceivableAllowanceForCreditLosses
|
$1.67B | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$156.88M | USD | Point-in-time |
| Preferred stock, par or stated value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$153.55M | USD | Point-in-time |
| Preferred stock, par or stated value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$189.44M | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$92.97M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$52.56M | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$1.28B | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$1.39B | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$134.75M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$143.62M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Income taxes receivable, net |
IncomeTaxReceivable
|
$88.84M | USD | Point-in-time |
| Income taxes receivable, net |
IncomeTaxReceivable
|
$286.01M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Tax indemnification receivable |
TaxIndemnificationReceivable
|
$27.73M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
453.60M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
456.40M | shares | Point-in-time |
| Tax indemnification receivable |
TaxIndemnificationReceivable
|
$27.56M | USD | Point-in-time |
| Accumulated other comprehensive income, tax |
AociTaxAttributableToParent
|
$13.98M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$29.40M | USD | Point-in-time |
| Accumulated other comprehensive income, tax |
AociTaxAttributableToParent
|
$4.00M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$41.81M | USD | Point-in-time |
| Total assets |
Assets
|
$31.76B | USD | Point-in-time |
| Total assets |
Assets
|
$32.69B | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
32.50M | shares | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
81.30M | shares | Point-in-time |
| Deposits |
Deposits
|
$24.28B | USD | Point-in-time |
| Deposits |
Deposits
|
$24.45B | USD | Point-in-time |
| Short-term borrowings |
ShortTermBorrowings
|
$289.23M | USD | Point-in-time |
| Short-term borrowings |
ShortTermBorrowings
|
- | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$4.35B | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$4.71B | USD | Point-in-time |
| Upromise member accounts |
Upromiserelatedliability
|
$187.10M | USD | Point-in-time |
| Upromise member accounts |
Upromiserelatedliability
|
$192.66M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$299.56M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$254.73M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$29.37B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$29.64B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Series B: 4 million and 4 million shares issued, respectively, at stated value of $100 per share |
PreferredStockValueOutstanding
|
$400.00M | USD | Point-in-time |
| Series B: 4 million and 4 million shares issued, respectively, at stated value of $100 per share |
PreferredStockValueOutstanding
|
$400.00M | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 456.4 million and 453.6 million shares issued, respectively |
CommonStockValue
|
$91.29M | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 456.4 million and 453.6 million shares issued, respectively |
CommonStockValue
|
$90.72M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.23B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.31B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) (net of tax expense (benefit) of ($13,979) and ($3,995), respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-43.27M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) (net of tax expense (benefit) of ($13,979) and ($3,995), respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-12.37M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.24B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.85B | USD | Point-in-time |
| Total SLM Corporation stockholders equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$2.92B | USD | Point-in-time |
| Total SLM Corporation stockholders equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$3.64B | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 81.3 million and 32.5 million shares, respectively |
TreasuryStockValue
|
$324.66M | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 81.3 million and 32.5 million shares, respectively |
TreasuryStockValue
|
$798.04M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.31B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.97B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.12B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.05B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$32.69B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$31.76B | USD | Point-in-time |
Income Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$553.48M | USD | 1 Quarter |
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$555.28M | USD | 1 Quarter |
| Investments |
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
$2.52M | USD | 1 Quarter |
| Investments |
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
$1.42M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$11.55M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$17.14M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$574.93M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$566.45M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$135.11M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$125.99M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$4.22M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$1.17M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$37.02M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$35.49M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$174.82M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$164.17M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$400.12M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$402.28M | USD | 1 Quarter |
| Less: provisions for credit losses |
ProvisionForLoanLossesExpensed
|
$63.79M | USD | 1 Quarter |
| Less: provisions for credit losses |
ProvisionForLoanLossesExpensed
|
$61.26M | USD | 1 Quarter |
| Net interest income after provisions for credit losses |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$338.86M | USD | 1 Quarter |
| Net interest income after provisions for credit losses |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$338.49M | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
- | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$238.94M | USD | 1 Quarter |
| Gains on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$45.67M | USD | 1 Quarter |
| Gains on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$2.76M | USD | 1 Quarter |
| Other income |
NoninterestIncomeOtherOperatingIncome
|
$7.49M | USD | 1 Quarter |
| Other income |
NoninterestIncomeOtherOperatingIncome
|
$13.38M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$16.14M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$292.09M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$78.74M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$84.22M | USD | 1 Quarter |
| FDIC assessment fees |
FederalDepositInsuranceCorporationPremiumExpense
|
$7.62M | USD | 1 Quarter |
| FDIC assessment fees |
FederalDepositInsuranceCorporationPremiumExpense
|
$8.89M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$54.19M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$53.79M | USD | 1 Quarter |
| Total non-interest expenses |
NoninterestExpense
|
$140.15M | USD | 1 Quarter |
| Total non-interest expenses |
NoninterestExpense
|
$147.30M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$214.49M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$483.65M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$121.48M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$56.30M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$158.19M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$4.47M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$3.46M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$358.71M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$153.72M | USD | 1 Quarter |
| Basic earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareBasic
|
$0.35 | USD | 1 Quarter |
| Basic earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareBasic
|
$0.88 | USD | 1 Quarter |
| Average common shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
434.57M | shares | 1 Quarter |
| Average common shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
409.79M | shares | 1 Quarter |
| Diluted earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareDiluted
|
$0.35 | USD | 1 Quarter |
| Diluted earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareDiluted
|
$0.87 | USD | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
412.75M | shares | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
438.25M | shares | 1 Quarter |
| Declared dividends per common share attributable to SLM Corporation (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.03 | USD | 1 Quarter |
| Declared dividends per common share attributable to SLM Corporation (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.03 | USD | 1 Quarter |
Cash Flow Statement
100 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$158.19M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Provisions for credit losses |
ProvisionForDoubtfulAccounts
|
$63.79M | USD | 1 Quarter |
| Provisions for credit losses |
ProvisionForDoubtfulAccounts
|
$61.26M | USD | 1 Quarter |
| Income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$121.48M | USD | 1 Quarter |
| Income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$56.30M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$5.19M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$3.56M | USD | 1 Quarter |
| Amortization of Secured Borrowing Facility upfront fee |
AmortizationofUpfrontLoanFees
|
$526.00K | USD | 1 Quarter |
| Amortization of Secured Borrowing Facility upfront fee |
AmortizationofUpfrontLoanFees
|
$277.00K | USD | 1 Quarter |
| Amortization of deferred loan origination costs and loan premium/(discounts), net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-3.18M | USD | 1 Quarter |
| Amortization of deferred loan origination costs and loan premium/(discounts), net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-12.24M | USD | 1 Quarter |
| Net amortization of discount on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-610.00K | USD | 1 Quarter |
| Net amortization of discount on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-189.00K | USD | 1 Quarter |
| Unrealized loss on investments |
UnrealizedGainLossOnInvestments
|
$-1.19M | USD | 1 Quarter |
| Unrealized loss on investments |
UnrealizedGainLossOnInvestments
|
- | USD | 1 Quarter |
| Increase in tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$169.00K | USD | 1 Quarter |
| Increase in tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$3.92M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$3.85M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$3.59M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$13.61M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$13.89M | USD | 1 Quarter |
| Unrealized gains on derivatives and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$43.20M | USD | 1 Quarter |
| Unrealized gains on derivatives and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$4.03M | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
- | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$238.94M | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
$-1.57M | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
$-1.92M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$239.18M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$236.28M | USD | 1 Quarter |
| Increase in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$4.76M | USD | 1 Quarter |
| Increase in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$40.40M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$32.87M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$681.00K | USD | 1 Quarter |
| Decrease in income taxes payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-710.00K | USD | 1 Quarter |
| Decrease in income taxes payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-3.95M | USD | 1 Quarter |
| Increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$7.41M | USD | 1 Quarter |
| Increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$18.61M | USD | 1 Quarter |
| Increase (decrease) in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-39.05M | USD | 1 Quarter |
| Increase (decrease) in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$134.66M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-217.76M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-141.47M | USD | 1 Quarter |
| Total net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$144.41M | USD | 1 Quarter |
| Total net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$16.71M | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$2.31B | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$2.25B | USD | 1 Quarter |
| Net proceeds from sales of loans held for investment |
Netproceedsfromsalesofstudentloansheldforinvestment
|
$3.28B | USD | 1 Quarter |
| Net proceeds from sales of loans held for investment |
Netproceedsfromsalesofstudentloansheldforinvestment
|
- | USD | 1 Quarter |
| Proceeds from claim payments |
ProceedsfromClaimpayments
|
$11.59M | USD | 1 Quarter |
| Proceeds from claim payments |
ProceedsfromClaimpayments
|
$11.31M | USD | 1 Quarter |
| Net decrease in loans held for investment |
Netincreasedecreaseinloansheldforinvestment
|
$-1.08B | USD | 1 Quarter |
| Net decrease in loans held for investment |
Netincreasedecreaseinloansheldforinvestment
|
$-1.18B | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$62.75M | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$33.48M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$4.57M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$18.84M | USD | 1 Quarter |
| Total net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.19B | USD | 1 Quarter |
| Total net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.12B | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
$1.50M | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
$1.76M | USD | 1 Quarter |
| Net increase in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$404.12M | USD | 1 Quarter |
| Net increase in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$69.97M | USD | 1 Quarter |
| Net increase (decrease) in other deposits |
NetincreaseinNOWaccountdeposits
|
$-55.04M | USD | 1 Quarter |
| Net increase (decrease) in other deposits |
NetincreaseinNOWaccountdeposits
|
$290.63M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - issued |
BorrowingsCollateralizedByLoansInTrustIssued
|
$451.13M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - issued |
BorrowingsCollateralizedByLoansInTrustIssued
|
$633.53M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
$281.09M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
$260.95M | USD | 1 Quarter |
| Repayment of borrowings under Secured Borrowing Facility |
RepaymentsOfCommercialPaper
|
- | USD | 1 Quarter |
| Repayment of borrowings under Secured Borrowing Facility |
RepaymentsOfCommercialPaper
|
$289.23M | USD | 1 Quarter |
| Fees paid on Secured Borrowing Facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
$-1.06M | USD | 1 Quarter |
| Fees paid on Secured Borrowing Facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
$-3.18M | USD | 1 Quarter |
| Common stock dividends paid |
PaymentsOfDividendsCommonStock
|
$13.02M | USD | 1 Quarter |
| Common stock dividends paid |
PaymentsOfDividendsCommonStock
|
$12.60M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$3.46M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$4.47M | USD | 1 Quarter |
| Common stock repurchased |
PaymentsForRepurchaseOfCommonStock
|
$60.00M | USD | 1 Quarter |
| Common stock repurchased |
PaymentsForRepurchaseOfCommonStock
|
$558.17M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-501.03M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$804.88M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-372.09M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.76B | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.31B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.68B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.48B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.72B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.31B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.68B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.48B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.72B | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$147.24M | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$151.02M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$3.63M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$3.70M | USD | 1 Quarter |
| Income taxes refunded |
ProceedsFromIncomeTaxRefunds
|
$41.00K | USD | 1 Quarter |
| Income taxes refunded |
ProceedsFromIncomeTaxRefunds
|
$2.89M | USD | 1 Quarter |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.31B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.68B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$7.48B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.72B | USD | Point-in-time |
Stockholders Equity
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock dividend (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.03 | USD | 1 Quarter |
| Common stock dividend (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.03 | USD | 1 Quarter |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.31B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.97B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.12B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.05B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$158.19M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-8.45M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-30.91M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$331.27M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$149.74M | USD | 1 Quarter |
| Common Stock |
DividendsCommonStockCash
|
$13.02M | USD | 1 Quarter |
| Common Stock |
DividendsCommonStockCash
|
$12.60M | USD | 1 Quarter |
| Dividend equivalent units related to employee stock-based compensation plans |
AdjustmentsToAdditionalPaidInCapitalDividendsEquivalentUnitsRelatedToEmployeeStockBasedCompensationPlans
|
- | USD | 1 Quarter |
| Issuance of common shares (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
3.47M | shares | 1 Quarter |
| Issuance of common shares (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
2.84M | shares | 1 Quarter |
| Issuance of common shares |
StockIssuedDuringPeriodValueNewIssues
|
$2.87M | USD | 1 Quarter |
| Issuance of common shares |
StockIssuedDuringPeriodValueNewIssues
|
$2.85M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$13.61M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$13.89M | USD | 1 Quarter |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
44.90M | shares | Point-in-time |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
47.74M | shares | 1 Quarter |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
3.00M | shares | Point-in-time |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
5.44M | shares | 1 Quarter |
| Common stock repurchased |
TreasuryStockRetiredCostMethodAmount
|
$558.17M | USD | 1 Quarter |
| Common stock repurchased |
TreasuryStockRetiredCostMethodAmount
|
$60.00M | USD | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans (in shares) |
SharesPaidForTaxWithholdingForShareBasedCompensation
|
1.29M | shares | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans (in shares) |
SharesPaidForTaxWithholdingForShareBasedCompensation
|
1.11M | shares | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$14.12M | USD | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$12.14M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.31B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.97B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.12B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.05B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$158.19M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Unrealized gains (losses) on investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$4.80M | USD | 1 Quarter |
| Unrealized gains (losses) on investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$2.94M | USD | 1 Quarter |
| Unrealized gains (losses) on cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$-45.69M | USD | 1 Quarter |
| Unrealized gains (losses) on cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$-14.12M | USD | 1 Quarter |
| Total unrealized gains (losses) |
OtherComprehensiveIncomeLossBeforeTax
|
$-40.89M | USD | 1 Quarter |
| Total unrealized gains (losses) |
OtherComprehensiveIncomeLossBeforeTax
|
$-11.18M | USD | 1 Quarter |
| Income tax benefit (expense) |
OtherComprehensiveIncomeLossTax
|
$-2.73M | USD | 1 Quarter |
| Income tax benefit (expense) |
OtherComprehensiveIncomeLossTax
|
$-9.98M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax benefit (expense) |
OtherComprehensiveIncomeLossNetOfTax
|
$-8.45M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax benefit (expense) |
OtherComprehensiveIncomeLossNetOfTax
|
$-30.91M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$331.27M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$149.74M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.