10-Q Filing

SLM Corp CIK: 1032033 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-010813`
Period End Date	20220331
Filing Date	20220427
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	slm-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 64 Cash Flow Statement 110 Stockholders Equity 35 Comprehensive Income 14

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Trading investments, cost	`TradingSecuritiesDebtAmortizedCost`	$29.05M	USD	Point-in-time
Trading investments, cost	`TradingSecuritiesDebtAmortizedCost`	$33.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.21B	USD	Point-in-time
Available-for-sale investments, cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.54B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.33B	USD	Point-in-time
Available-for-sale investments, cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$2.44B	USD	Point-in-time
Allowance for credit losses on loans and leases	`FinancingReceivableAllowanceForCreditLosses`	$1.23B	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`	$1.17B	USD	Point-in-time
Allowance for credit losses on loans and leases	`FinancingReceivableAllowanceForCreditLosses`	$1.18B	USD	Point-in-time
Trading investments at fair value (cost of $33,985 and $29,049, respectively)	`TradingSecuritiesDebt`	$37.47M	USD	Point-in-time
Trading investments at fair value (cost of $33,985 and $29,049, respectively)	`TradingSecuritiesDebt`	$38.82M	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
Available-for-sale investments at fair value (cost of $2,440,204 and $2,535,568, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$2.52B	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
Available-for-sale investments at fair value (cost of $2,440,204 and $2,535,568, respectively)	`AvailableForSaleSecuritiesDebtSecurities`	$2.34B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	2.50M	shares	Point-in-time
Other investments	`OtherInvestments`	$139.11M	USD	Point-in-time
Other investments	`OtherInvestments`	$140.04M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	2.50M	shares	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$100.00	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$100.00	USD	Point-in-time
Total investments	`Investments`	$2.52B	USD	Point-in-time
Total investments	`Investments`	$2.70B	USD	Point-in-time
Loans held for investment (net of allowance for losses of $1,227,362 and $1,165,335, respectively)	`NotesReceivableNet`	$21.29B	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 $1,227,362 and $1,165,335, respectively)	`NotesReceivableNet`	$20.34B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.20	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$210.74M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$187.96M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.12B	shares	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$164.71M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.12B	shares	Point-in-time
Other interest-earning assets	`OtherInterestEarningAssets`	$9.33M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	432.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	434.60M	shares	Point-in-time
Other interest-earning assets	`OtherInterestEarningAssets`	$9.65M	USD	Point-in-time
Accumulated other comprehensive income, tax	`AociTaxAttributableToParent`	$-12.60M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$1.21B	USD	Point-in-time
Accumulated other comprehensive income, tax	`AociTaxAttributableToParent`	$-5.71M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$1.26B	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	163.50M	shares	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$148.15M	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$150.52M	USD	Point-in-time
Common stock held in treasury (in shares)	`TreasuryStockShares`	153.10M	shares	Point-in-time
Goodwill and acquired intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$125.27M	USD	Point-in-time
Goodwill and acquired intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	-	USD	Point-in-time
Income taxes receivable, net	`IncomeTaxReceivable`	$239.58M	USD	Point-in-time
Income taxes receivable, net	`IncomeTaxReceivable`	$215.22M	USD	Point-in-time
Tax indemnification receivable	`TaxIndemnificationReceivable`	$8.15M	USD	Point-in-time
Tax indemnification receivable	`TaxIndemnificationReceivable`	$8.05M	USD	Point-in-time
Other assets	`OtherAssets`	$26.35M	USD	Point-in-time
Other assets	`OtherAssets`	$24.86M	USD	Point-in-time
Total assets	`Assets`	$29.05B	USD	Point-in-time
Total assets	`Assets`	$29.22B	USD	Point-in-time
Deposits	`Deposits`	$21.19B	USD	Point-in-time
Deposits	`Deposits`	$20.83B	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$5.55B	USD	Point-in-time
Long-term borrowings	`LongTermDebt`	$5.93B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$261.10M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$313.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.07B	USD	Point-in-time
Total liabilities	`Liabilities`	$27.01B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.20 per share, 20 million shares authorized: Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share	`PreferredStockValueOutstanding`	$251.07M	USD	Point-in-time
Preferred stock, par value $0.20 per share, 20 million shares authorized: Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share	`PreferredStockValueOutstanding`	$251.07M	USD	Point-in-time
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 434.6 million and 432.0 million shares issued, respectively	`CommonStockValue`	$86.40M	USD	Point-in-time
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 434.6 million and 432.0 million shares issued, respectively	`CommonStockValue`	$86.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.09B	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of ($12,601) and ($5,707), respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.51M	USD	Point-in-time
Accumulated other comprehensive loss (net of tax benefit of ($12,601) and ($5,707), respectively)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$952.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.82B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.91B	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$4.21B	USD	Point-in-time
Total SLM Corporation stockholders equity before treasury stock	`StockholdersEquityAttributabletoParentExcludingTreasuryStock`	$4.30B	USD	Point-in-time
Less: Common stock held in treasury at cost: 163.5 million and 153.1 million shares, respectively	`TreasuryStockValue`	$2.25B	USD	Point-in-time
Less: Common stock held in treasury at cost: 163.5 million and 153.1 million shares, respectively	`TreasuryStockValue`	$2.06B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.15B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.61B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$29.22B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$29.05B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Loans	`InterestAndFeeIncomeLoansAndLeases`	$431.80M	USD	1 Quarter
Loans	`InterestAndFeeIncomeLoansAndLeases`	$458.04M	USD	1 Quarter
Investments	`InterestIncomeDebtSecuritiesAvailableForSaleOperating`	$5.48M	USD	1 Quarter
Investments	`InterestIncomeDebtSecuritiesAvailableForSaleOperating`	$2.73M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$1.63M	USD	1 Quarter
Cash and cash equivalents	`CashAndInvestmentsInterestIncomeLoss`	$1.51M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$436.16M	USD	1 Quarter
Total interest income	`InterestAndDividendIncomeOperating`	$465.04M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$49.54M	USD	1 Quarter
Deposits	`InterestExpenseDeposits`	$66.60M	USD	1 Quarter
Interest expense on short-term borrowings	`InterestExpenseShortTermBorrowings`	$2.88M	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`	$37.59M	USD	1 Quarter
Total interest expense	`InterestExpense`	$90.01M	USD	1 Quarter
Total interest expense	`InterestExpense`	$105.04M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$375.03M	USD	1 Quarter
Net interest income	`InterestIncomeExpenseNet`	$331.11M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLossesExpensed`	$98.05M	USD	1 Quarter
Less: provisions for credit losses	`ProvisionForLoanLossesExpensed`	$-225.77M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$556.88M	USD	1 Quarter
Net interest income after provisions for credit losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$276.98M	USD	1 Quarter
Gains on sales of loans, net	`GainLossOnSaleOfNotesReceivable`	$9.88M	USD	1 Quarter
Gains on sales of loans, net	`GainLossOnSaleOfNotesReceivable`	$399.11M	USD	1 Quarter
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$28.00K	USD	1 Quarter
Gains (losses) on derivatives and hedging activities, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-5.00K	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$12.05M	USD	1 Quarter
Other income	`NoninterestIncomeOtherOperatingIncome`	$14.29M	USD	1 Quarter
Total non-interest income	`NoninterestIncome`	$21.93M	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`	$71.98M	USD	1 Quarter
FDIC assessment fees	`FederalDepositInsuranceCorporationPremiumExpense`	$5.68M	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`	$54.34M	USD	1 Quarter
Total operating expenses	`OperatingExpensesExcludingAmortizationOfIntangibleAssets`	$124.50M	USD	1 Quarter
Total operating expenses	`OperatingExpensesExcludingAmortizationOfIntangibleAssets`	$132.01M	USD	1 Quarter
Acquired intangible assets amortization expense	`AmortizationOfIntangibleAssets`	$733.00K	USD	1 Quarter
Acquired intangible assets amortization expense	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Restructuring expenses	`RestructuringCharges`	$1.08M	USD	1 Quarter
Restructuring expenses	`RestructuringCharges`	-	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$132.74M	USD	1 Quarter
Total non-interest expenses	`NoninterestExpense`	$125.58M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$166.17M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$844.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$203.53M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$37.36M	USD	1 Quarter
Net income	`ProfitLoss`	$128.81M	USD	1 Quarter
Net income	`ProfitLoss`	$641.21M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.27M	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`	$127.54M	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$1.77	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	361.04M	shares	1 Quarter
Average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	276.98M	shares	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$1.75	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	280.65M	shares	1 Quarter
Average common and common equivalent shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	366.24M	shares	1 Quarter
Declared dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Declared dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.11	USD	1 Quarter

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$128.81M	USD	1 Quarter
Net income	`ProfitLoss`	$641.21M	USD	1 Quarter
Provisions for credit losses	`ProvisionForLoanLossesExpensed`	$98.05M	USD	1 Quarter
Provisions for credit losses	`ProvisionForLoanLossesExpensed`	$-225.77M	USD	1 Quarter
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$203.53M	USD	1 Quarter
Income tax expense	`DeferredIncomeTaxExpenseBenefit`	$37.36M	USD	1 Quarter
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$4.31M	USD	1 Quarter
Amortization of brokered deposit placement fee	`AmortizationofBrokeredDepositPlacement`	$3.42M	USD	1 Quarter
Amortization of Secured Borrowing Facility upfront fee	`AmortizationofUpfrontLoanFees`	$773.00K	USD	1 Quarter
Amortization of Secured Borrowing Facility upfront fee	`AmortizationofUpfrontLoanFees`	$569.00K	USD	1 Quarter
Amortization of deferred loan origination costs and loan premium/(discounts), net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-4.46M	USD	1 Quarter
Amortization of deferred loan origination costs and loan premium/(discounts), net	`AmortizationOfDeferredLoanOriginationFeesNet`	$-4.02M	USD	1 Quarter
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-965.00K	USD	1 Quarter
Net amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.16M	USD	1 Quarter
Reduction (increase) in tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$108.00K	USD	1 Quarter
Reduction (increase) in tax indemnification receivable	`InterestIncomeonTaxIndemnificationReceivable`	$-2.81M	USD	1 Quarter
Depreciation of premises and equipment	`Depreciation`	$3.71M	USD	1 Quarter
Depreciation of premises and equipment	`Depreciation`	$4.19M	USD	1 Quarter
Acquired intangible assets amortization expense	`AmortizationOfIntangibleAssets`	$733.00K	USD	1 Quarter
Acquired intangible assets amortization expense	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$11.12M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$11.92M	USD	1 Quarter
Unrealized (gains) losses on derivatives and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$-315.00K	USD	1 Quarter
Unrealized (gains) losses on derivatives and hedging activities, net	`UnrealizedGainLossOnDerivatives`	$-10.87M	USD	1 Quarter
Gains on sales of loans, net	`GainLossOnSaleOfNotesReceivable`	$9.88M	USD	1 Quarter
Gains on sales of loans, net	`GainLossOnSaleOfNotesReceivable`	$399.11M	USD	1 Quarter
Acquisition transaction costs, net	`AmortizationOfAcquisitionCosts`	$2.51M	USD	1 Quarter
Acquisition transaction costs, net	`AmortizationOfAcquisitionCosts`	-	USD	1 Quarter
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-2.58M	USD	1 Quarter
Other adjustments to net income, net	`OtherNoncashIncomeExpense`	$-7.24M	USD	1 Quarter
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$185.29M	USD	1 Quarter
Increase in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$183.17M	USD	1 Quarter
Increase in non-marketable securities	`IncreaseDecreaseInEquitySecuritiesFvNi`	$992.00K	USD	1 Quarter
Increase in non-marketable securities	`IncreaseDecreaseInEquitySecuritiesFvNi`	$317.00K	USD	1 Quarter
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-19.28M	USD	1 Quarter
Decrease in other interest-earning assets	`PaymentsForProceedsFromOtherInterestEarningAssets`	$-328.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.53M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$51.67M	USD	1 Quarter
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-270.00K	USD	1 Quarter
Decrease in income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.24M	USD	1 Quarter
Increase (decrease) in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-9.08M	USD	1 Quarter
Increase (decrease) in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$14.78M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$8.76M	USD	1 Quarter
Increase (decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-34.81M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-66.02M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-595.46M	USD	1 Quarter
Total net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.75M	USD	1 Quarter
Total net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.79M	USD	1 Quarter
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$2.08B	USD	1 Quarter
Loans acquired and originated	`StudentLoansacquiredandoriginated`	$2.22B	USD	1 Quarter
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$45.73M	USD	1 Quarter
Net proceeds from sales of loans held for investment	`Netproceedsfromsalesofstudentloansheldforinvestment`	$3.44B	USD	1 Quarter
Proceeds from FFELP Loan claim payments	`ProceedsfromClaimpayments`	$4.60M	USD	1 Quarter
Proceeds from FFELP Loan claim payments	`ProceedsfromClaimpayments`	$5.59M	USD	1 Quarter
Net decrease in loans held for investment (other than loan sales)	`NetIncreaseDecreaseInLoansHeldForInvestmentExcludingSales`	$-1.15B	USD	1 Quarter
Net decrease in loans held for investment (other than loan sales)	`NetIncreaseDecreaseInLoansHeldForInvestmentExcludingSales`	$-1.02B	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$200.72M	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$536.63M	USD	1 Quarter
Proceeds from sales and maturities of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$686.81M	USD	1 Quarter
Proceeds from sales and maturities of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$205.37M	USD	1 Quarter
Purchase of subsidiary, net of cash acquired	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	1 Quarter
Purchase of subsidiary, net of cash acquired	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$127.70M	USD	1 Quarter
Total net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.39B	USD	1 Quarter
Total net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-988.87M	USD	1 Quarter
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	-	USD	1 Quarter
Brokered deposit placement fee	`Cashpaidforbrokereddepositplacementfee`	$2.21M	USD	1 Quarter
Net decrease in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$-686.34M	USD	1 Quarter
Net decrease in certificates of deposit	`Netincreasedecreaseinbrokeredcertificatesofdeposit`	$-127.81M	USD	1 Quarter
Net increase in other deposits	`NetincreaseinNOWaccountdeposits`	$543.77M	USD	1 Quarter
Net increase in other deposits	`NetincreaseinNOWaccountdeposits`	$850.41M	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`	$381.00M	USD	1 Quarter
Issuance costs for unsecured debt offering	`PaymentsOfDebtIssuanceCosts`	$360.00K	USD	1 Quarter
Issuance costs for unsecured debt offering	`PaymentsOfDebtIssuanceCosts`	$325.00K	USD	1 Quarter
Fees paid on Secured Borrowing Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	-	USD	1 Quarter
Fees paid on Secured Borrowing Facility	`NetIncreaseDecreaseinUpfrontLoanFees`	$-2.83M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$10.91M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$30.49M	USD	1 Quarter
Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.20M	USD	1 Quarter
Preferred stock dividends paid	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.27M	USD	1 Quarter
Common stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$550.79M	USD	1 Quarter
Common stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$169.32M	USD	1 Quarter
Total net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-674.11M	USD	1 Quarter
Total net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-168.71M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.76B	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.09B	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.61B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45B	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`	$4.55B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.61B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45B	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`	$4.55B	USD	Point-in-time
Interest	`InterestPaidNet`	$76.49M	USD	1 Quarter
Interest	`InterestPaidNet`	$68.46M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$887.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$5.07M	USD	1 Quarter
Income taxes refunded	`ProceedsFromIncomeTaxRefunds`	$916.00K	USD	1 Quarter
Income taxes refunded	`ProceedsFromIncomeTaxRefunds`	$1.05M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.21B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.33B	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$210.74M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$187.96M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestments`	$164.71M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.61B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.45B	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`	$4.55B	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`	$0.11	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.15B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.61B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	Point-in-time
Net income	`ProfitLoss`	$128.81M	USD	1 Quarter
Net income	`ProfitLoss`	$641.21M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-21.62M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$10.12M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$107.19M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$651.33M	USD	1 Quarter
Common Stock	`DividendsCommonStockCash`	$30.49M	USD	1 Quarter
Common Stock	`DividendsCommonStockCash`	$10.91M	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`	$-16.00K	USD	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.83M	shares	1 Quarter
Issuance of common shares (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.59M	shares	1 Quarter
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$2.06M	USD	1 Quarter
Issuance of common shares	`StockIssuedDuringPeriodValueNewIssues`	$448.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.92M	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`	48.70M	shares	1 Quarter
Common stock repurchased (in shares)	`TreasuryStockSharesAcquired`	9.53M	shares	1 Quarter
Common stock repurchased	`TreasuryStockValueAcquiredParValueMethod`	$120.64M	USD	1 Quarter
Common stock repurchased	`TreasuryStockValueAcquiredParValueMethod`	$175.94M	USD	1 Quarter
Shares repurchased related to employee stock-based compensation plans (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	934,602.00	shares	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	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.34M	USD	1 Quarter
Shares repurchased related to employee stock-based compensation plans	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.31M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.15B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.61B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.04B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$128.81M	USD	1 Quarter
Net income	`ProfitLoss`	$641.21M	USD	1 Quarter
Unrealized losses on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-81.04M	USD	1 Quarter
Unrealized losses on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax`	$-10.07M	USD	1 Quarter
Unrealized gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$23.42M	USD	1 Quarter
Unrealized gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$52.53M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$-28.51M	USD	1 Quarter
Total unrealized gains (losses)	`OtherComprehensiveIncomeLossBeforeTax`	$13.35M	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$-6.89M	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossTax`	$3.23M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$-21.62M	USD	1 Quarter
Other comprehensive income (loss), net of tax (expense) benefit	`OtherComprehensiveIncomeLossNetOfTax`	$10.12M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$107.19M	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.