10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-21-007286 |
| Period End Date | 20210331 |
| Filing Date | 20210421 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | slm-20210331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
88 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trading investments, cost |
TradingSecuritiesDebtAmortizedCost
|
$12.55M | USD | Point-in-time |
| Trading investments, cost |
TradingSecuritiesDebtAmortizedCost
|
$26.22M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.29B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.21B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.46B | USD | Point-in-time |
| Available-for-sale investments, cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$1.99B | USD | Point-in-time |
| Available-for-sale investments, cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$2.12B | USD | Point-in-time |
| Allowance for credit losses on loans and leases |
FinancingReceivableAllowanceForCreditLosses
|
$1.18B | USD | Point-in-time |
| Allowance for credit losses on loans and leases |
FinancingReceivableAllowanceForCreditLosses
|
$1.36B | 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 |
| Trading investments at fair value (cost of $26,219 and $12,551) |
TradingSecuritiesDebt
|
$16.92M | USD | Point-in-time |
| Preferred stock, par or stated value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Preferred stock, par or stated value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Trading investments at fair value (cost of $26,219 and $12,551) |
TradingSecuritiesDebt
|
$30.59M | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Available-for-sale investments at fair value (cost of $2,116,279 and $1,986,957, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$2.00B | USD | Point-in-time |
| Available-for-sale investments at fair value (cost of $2,116,279 and $1,986,957, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$2.12B | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Other investments |
OtherInvestments
|
$79.68M | USD | Point-in-time |
| Preferred stock, shares outstanding (in shares) |
PreferredStockSharesOutstanding
|
2.50M | shares | Point-in-time |
| Preferred stock, shares outstanding (in shares) |
PreferredStockSharesOutstanding
|
2.50M | shares | Point-in-time |
| Other investments |
OtherInvestments
|
$80.79M | USD | Point-in-time |
| Preferred stock, liquidation preference (in dollars per share) |
PreferredStockLiquidationPreference
|
$100.00 | USD | Point-in-time |
| Total investments |
Investments
|
$2.09B | USD | Point-in-time |
| Total investments |
Investments
|
$2.23B | USD | Point-in-time |
| Preferred stock, liquidation preference (in dollars per share) |
PreferredStockLiquidationPreference
|
$100.00 | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $1,179,021 and $1,361,723, respectively) |
NotesReceivableNet
|
$19.18B | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $1,179,021 and $1,361,723, respectively) |
NotesReceivableNet
|
$20.37B | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Loans held for sale |
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
- | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Loans held for sale |
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
$2.89B | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
431.10M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
456.70M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$164.71M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$189.44M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$154.42M | USD | Point-in-time |
| Accumulated other comprehensive income, tax |
AociTaxAttributableToParent
|
$-7.68M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$42.87M | USD | Point-in-time |
| Accumulated other comprehensive income, tax |
AociTaxAttributableToParent
|
$-10.91M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$23.59M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$1.39B | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
81.40M | shares | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$1.26B | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
102.70M | shares | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$154.67M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$155.43M | USD | Point-in-time |
| Income taxes receivable, net |
IncomeTaxReceivable
|
$169.66M | USD | Point-in-time |
| Income taxes receivable, net |
IncomeTaxReceivable
|
$374.71M | USD | Point-in-time |
| Tax indemnification receivable |
TaxIndemnificationReceivable
|
$15.68M | USD | Point-in-time |
| Tax indemnification receivable |
TaxIndemnificationReceivable
|
$18.49M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$19.53M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$32.54M | USD | Point-in-time |
| Total assets |
Assets
|
$30.77B | USD | Point-in-time |
| Total assets |
Assets
|
$30.63B | USD | Point-in-time |
| Deposits |
Deposits
|
$22.67B | USD | Point-in-time |
| Deposits |
Deposits
|
$22.80B | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$4.92B | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$5.19B | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$297.73M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$352.33M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$28.21B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$28.02B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValueOutstanding
|
$251.07M | USD | Point-in-time |
| Preferred stock |
PreferredStockValueOutstanding
|
$251.07M | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 431.1 million and 456.7 million shares issued, respectively |
CommonStockValue
|
$91.35M | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 431.1 million and 456.7 million shares issued, respectively |
CommonStockValue
|
$86.21M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.33B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.05B | USD | Point-in-time |
| Accumulated other comprehensive loss (net of tax benefit of ($7,680) and ($10,908), respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-34.20M | USD | Point-in-time |
| Accumulated other comprehensive loss (net of tax benefit of ($7,680) and ($10,908), respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-24.08M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.35B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.72B | USD | Point-in-time |
| Total SLM Corporation stockholders equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$3.36B | USD | Point-in-time |
| Total SLM Corporation stockholders equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$3.72B | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 102.7 million and 81.4 million shares, respectively |
TreasuryStockValue
|
$798.99M | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 102.7 million and 81.4 million shares, respectively |
TreasuryStockValue
|
$1.11B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.56B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.31B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.61B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.12B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$30.77B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$30.63B | USD | Point-in-time |
Income Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$431.80M | USD | 1 Quarter |
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$555.28M | USD | 1 Quarter |
| Investments |
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
$2.73M | USD | 1 Quarter |
| Investments |
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
$2.52M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$17.14M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$1.63M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$436.16M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$574.93M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$66.60M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$135.11M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$4.22M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$3.20M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$35.24M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$35.49M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$105.04M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$174.82M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$400.12M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$331.11M | USD | 1 Quarter |
| Less: provisions for credit losses |
ProvisionForLoanLeaseAndOtherLosses
|
$61.26M | USD | 1 Quarter |
| Less: provisions for credit losses |
ProvisionForLoanLeaseAndOtherLosses
|
$-225.77M | 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
|
$556.88M | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$238.94M | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$399.11M | USD | 1 Quarter |
| Gains on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$28.00K | USD | 1 Quarter |
| Gains on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$45.67M | USD | 1 Quarter |
| Other income |
NoninterestIncomeOtherOperatingIncome
|
$7.49M | USD | 1 Quarter |
| Other income |
NoninterestIncomeOtherOperatingIncome
|
$14.29M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$292.09M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$413.43M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$71.58M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$84.22M | USD | 1 Quarter |
| FDIC assessment fees |
FederalDepositInsuranceCorporationPremiumExpense
|
$8.89M | USD | 1 Quarter |
| FDIC assessment fees |
FederalDepositInsuranceCorporationPremiumExpense
|
$5.19M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$47.73M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$54.19M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$147.30M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$124.50M | USD | 1 Quarter |
| Restructuring expenses |
RestructuringCharges
|
- | USD | 1 Quarter |
| Restructuring expenses |
RestructuringCharges
|
$1.08M | USD | 1 Quarter |
| Total non-interest expenses |
NoninterestExpense
|
$147.30M | USD | 1 Quarter |
| Total non-interest expenses |
NoninterestExpense
|
$125.58M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$844.73M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$483.65M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$203.53M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$121.48M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$641.21M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$3.46M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$1.20M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$640.01M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$358.71M | USD | 1 Quarter |
| Basic earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareBasic
|
$0.88 | USD | 1 Quarter |
| Basic earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareBasic
|
$1.77 | USD | 1 Quarter |
| Average common shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
361.04M | 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
|
$0.87 | USD | 1 Quarter |
| Diluted earnings per common share attributable to SLM Corporation (in dollars per share) |
EarningsPerShareDiluted
|
$1.75 | USD | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
366.24M | shares | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
412.75M | 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
104 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$641.21M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Provisions for credit losses |
ProvisionForDoubtfulAccounts
|
$-225.77M | 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
|
$203.53M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$4.31M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$5.19M | USD | 1 Quarter |
| Amortization of Secured Borrowing Facility upfront fee |
AmortizationofUpfrontLoanFees
|
$773.00K | USD | 1 Quarter |
| Amortization of Secured Borrowing Facility upfront fee |
AmortizationofUpfrontLoanFees
|
$526.00K | USD | 1 Quarter |
| Amortization of deferred loan origination costs and loan premium/(discounts), net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-4.02M | 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
|
$-2.16M | USD | 1 Quarter |
| Unrealized gain on investments |
UnrealizedGainLossOnInvestments
|
$-1.19M | USD | 1 Quarter |
| Unrealized gain on investments |
UnrealizedGainLossOnInvestments
|
- | USD | 1 Quarter |
| Reduction (increase) in tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$169.00K | USD | 1 Quarter |
| Reduction (increase) in tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$-2.81M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$3.85M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$3.71M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$13.61M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$11.12M | USD | 1 Quarter |
| Unrealized (gains) losses on derivatives and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$-10.87M | USD | 1 Quarter |
| Unrealized (gains) losses on derivatives and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$43.20M | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$238.94M | USD | 1 Quarter |
| Gains on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$399.11M | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
$-1.57M | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
$-2.58M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$183.17M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$236.28M | USD | 1 Quarter |
| Increase in non-marketable securities |
IncreaseDecreaseInEquitySecuritiesFvNi
|
$317.00K | USD | 1 Quarter |
| Increase in non-marketable securities |
IncreaseDecreaseInEquitySecuritiesFvNi
|
- | USD | 1 Quarter |
| Decrease (increase) in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$40.40M | USD | 1 Quarter |
| Decrease (increase) in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$-19.28M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$32.87M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$51.67M | USD | 1 Quarter |
| Decrease in income taxes payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-710.00K | USD | 1 Quarter |
| Decrease in income taxes payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-270.00K | USD | 1 Quarter |
| (Decrease) increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$18.61M | USD | 1 Quarter |
| (Decrease) increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$-9.08M | USD | 1 Quarter |
| Increase in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$134.66M | USD | 1 Quarter |
| Increase in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$8.76M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-595.46M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-217.76M | USD | 1 Quarter |
| Total net provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$45.75M | USD | 1 Quarter |
| Total net provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$144.41M | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$2.08B | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$2.31B | 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
|
$3.44B | USD | 1 Quarter |
| Proceeds from claim payments |
ProceedsfromClaimpayments
|
$11.31M | USD | 1 Quarter |
| Proceeds from claim payments |
ProceedsfromClaimpayments
|
$4.60M | USD | 1 Quarter |
| Net decrease in loans held for investment |
Netincreasedecreaseinloansheldforinvestment
|
$-1.18B | USD | 1 Quarter |
| Net decrease in loans held for investment |
Netincreasedecreaseinloansheldforinvestment
|
$-1.02B | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$200.72M | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$62.75M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$205.37M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$18.84M | USD | 1 Quarter |
| Total net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.12B | USD | 1 Quarter |
| Total net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.39B | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
- | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
$1.76M | USD | 1 Quarter |
| Net (decrease) increase in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$69.97M | USD | 1 Quarter |
| Net (decrease) increase in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$-686.34M | USD | 1 Quarter |
| Net increase (decrease) in other deposits |
NetincreaseinNOWaccountdeposits
|
$-55.04M | USD | 1 Quarter |
| Net increase (decrease) in other deposits |
NetincreaseinNOWaccountdeposits
|
$850.41M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - issued |
BorrowingsCollateralizedByLoansInTrustIssued
|
- | 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
|
$272.12M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
$281.09M | USD | 1 Quarter |
| Issuance costs for unsecured debt offering |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Issuance costs for unsecured debt offering |
PaymentsOfDebtIssuanceCosts
|
$325.00K | 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
|
$-2.83M | USD | 1 Quarter |
| Fees paid on Secured Borrowing Facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
$-3.18M | USD | 1 Quarter |
| Common stock dividends paid |
PaymentsOfDividendsCommonStock
|
$12.60M | USD | 1 Quarter |
| Common stock dividends paid |
PaymentsOfDividendsCommonStock
|
$10.91M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$1.20M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$3.46M | USD | 1 Quarter |
| Common stock repurchased |
PaymentsForRepurchaseOfCommonStock
|
$550.79M | USD | 1 Quarter |
| Common stock repurchased |
PaymentsForRepurchaseOfCommonStock
|
$558.17M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-501.03M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-674.11M | USD | 1 Quarter |
| Net increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.76B | USD | 1 Quarter |
| Net increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.76B | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.72B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.37B | 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
|
$4.61B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.72B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.37B | 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
|
$4.61B | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$151.02M | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$76.49M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$887.00K | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$3.63M | USD | 1 Quarter |
| Income taxes refunded |
ProceedsFromIncomeTaxRefunds
|
$1.05M | USD | 1 Quarter |
| Income taxes refunded |
ProceedsFromIncomeTaxRefunds
|
$2.89M | USD | 1 Quarter |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.72B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.37B | 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
|
$4.61B | USD | Point-in-time |
Stockholders Equity
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| 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 |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.56B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.31B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.61B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.12B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$641.21M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$362.17M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-30.91M | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$10.12M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$331.27M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$651.33M | USD | 1 Quarter |
| Common Stock |
DividendsCommonStockCash
|
$10.91M | USD | 1 Quarter |
| Common Stock |
DividendsCommonStockCash
|
$12.60M | USD | 1 Quarter |
| Dividend equivalent units related to employee stock-based compensation plans |
AdjustmentsToAdditionalPaidInCapitalDividendsEquivalentUnitsRelatedToEmployeeStockBasedCompensationPlans
|
$-16.00K | USD | 1 Quarter |
| Dividend equivalent units related to employee stock-based compensation plans |
AdjustmentsToAdditionalPaidInCapitalDividendsEquivalentUnitsRelatedToEmployeeStockBasedCompensationPlans
|
- | USD | 1 Quarter |
| Issuance of common shares (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
2.83M | 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
|
$2.06M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$13.61M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$11.12M | USD | 1 Quarter |
| Common stock repurchased and cancelled |
StockRepurchasedAndRetiredDuringPeriodValue
|
$471.81M | USD | 1 Quarter |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
13.00M | shares | Point-in-time |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
45.00M | shares | Point-in-time |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
47.74M | shares | 1 Quarter |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
48.70M | shares | 1 Quarter |
| Common stock repurchased |
TreasuryStockValueAcquiredParValueMethod
|
$120.64M | USD | 1 Quarter |
| Common stock repurchased |
TreasuryStockValueAcquiredParValueMethod
|
$558.17M | USD | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans (in shares) |
SharesPaidForTaxWithholdingForShareBasedCompensation
|
1.06M | 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
|
$12.14M | USD | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$14.31M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.56B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.31B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.61B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.12B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$641.21M | 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
|
$-10.07M | USD | 1 Quarter |
| Unrealized gains (losses) on cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$23.42M | USD | 1 Quarter |
| Unrealized gains (losses) on cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$-45.69M | USD | 1 Quarter |
| Total unrealized gains (losses) |
OtherComprehensiveIncomeLossBeforeTax
|
$13.35M | USD | 1 Quarter |
| Total unrealized gains (losses) |
OtherComprehensiveIncomeLossBeforeTax
|
$-40.89M | USD | 1 Quarter |
| Income tax (expense) benefit |
OtherComprehensiveIncomeLossTax
|
$-9.98M | USD | 1 Quarter |
| Income tax (expense) benefit |
OtherComprehensiveIncomeLossTax
|
$3.23M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax (expense) benefit |
OtherComprehensiveIncomeLossNetOfTax
|
$-30.91M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax (expense) benefit |
OtherComprehensiveIncomeLossNetOfTax
|
$10.12M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$331.27M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$651.33M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.