10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-23-013249 |
| Period End Date | 20230331 |
| Filing Date | 20230426 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | slm-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
90 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trading investments, cost |
TradingSecuritiesDebtAmortizedCost
|
$41.28M | USD | Point-in-time |
| Trading investments, cost |
TradingSecuritiesDebtAmortizedCost
|
$47.55M | USD | Point-in-time |
| Available-for sale investments at fair value, cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$2.55B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.62B | USD | Point-in-time |
| Available-for sale investments at fair value, cost |
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
$2.49B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.26B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.72B | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
$1.23B | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
$1.17B | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
$1.36B | USD | Point-in-time |
| Allowance for credit losses |
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
$1.48B | USD | Point-in-time |
| Trading investments at fair value (cost of $41,282 and $47,554, respectively) |
TradingSecuritiesDebt
|
$51.34M | USD | Point-in-time |
| Trading investments at fair value (cost of $41,282 and $47,554, respectively) |
TradingSecuritiesDebt
|
$55.90M | 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 $2,487,749 and $2,554,332, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$2.31B | USD | Point-in-time |
| Available-for-sale investments at fair value (cost of $2,487,749 and $2,554,332, respectively) |
AvailableForSaleSecuritiesDebtSecurities
|
$2.34B | 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 |
| Preferred stock, shares issued (in shares) |
PreferredStockSharesOutstanding
|
2.50M | shares | Point-in-time |
| Other investments |
OtherInvestments
|
$98.07M | USD | Point-in-time |
| Preferred stock, shares issued (in shares) |
PreferredStockSharesOutstanding
|
2.50M | shares | Point-in-time |
| Other investments |
OtherInvestments
|
$94.72M | USD | Point-in-time |
| Preferred stock, liquidation preference (in dollars per share) |
PreferredStockLiquidationPreference
|
$100.00 | USD | Point-in-time |
| Total investments |
Investments
|
$2.49B | USD | Point-in-time |
| Preferred stock, liquidation preference (in dollars per share) |
PreferredStockLiquidationPreference
|
$100.00 | USD | Point-in-time |
| Total investments |
Investments
|
$2.46B | 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 $1,479,306 and $1,357,075, respectively) |
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
$21.09B | USD | Point-in-time |
| Loans held for investment (net of allowance for losses of $1,479,306 and $1,357,075, respectively) |
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
$19.63B | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Loans held for sale |
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
$29.45M | USD | Point-in-time |
| Loans held for sale |
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
$26.20M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
1.12B | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
437.60M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$181.76M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
435.10M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$187.96M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$156.72M | USD | Point-in-time |
| Tax benefit on accumulated other comprehensive loss |
AociTaxAttributableToParent
|
$30.16M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$13.03M | USD | Point-in-time |
| Other interest-earning assets |
OtherInterestEarningAssets
|
$11.16M | USD | Point-in-time |
| Tax benefit on accumulated other comprehensive loss |
AociTaxAttributableToParent
|
$25.14M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$1.20B | USD | Point-in-time |
| Common stock held in treasury (in shares) |
TreasuryStockCommonShares
|
195.40M | shares | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$1.33B | USD | Point-in-time |
| Common stock held in treasury (in shares) |
TreasuryStockCommonShares
|
194.40M | shares | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$137.89M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$140.73M | USD | Point-in-time |
| Goodwill and acquired intangible assets, net |
IntangibleAssetsNetIncludingGoodwill
|
$118.27M | USD | Point-in-time |
| Goodwill and acquired intangible assets, net |
IntangibleAssetsNetIncludingGoodwill
|
$116.00M | USD | Point-in-time |
| Income taxes receivable, net |
IncomeTaxReceivable
|
$380.06M | USD | Point-in-time |
| Income taxes receivable, net |
IncomeTaxReceivable
|
$337.18M | USD | Point-in-time |
| Tax indemnification receivable |
TaxIndemnificationReceivable
|
$2.82M | USD | Point-in-time |
| Tax indemnification receivable |
TaxIndemnificationReceivable
|
$2.86M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$34.07M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$43.55M | USD | Point-in-time |
| Total assets |
Assets
|
$28.81B | USD | Point-in-time |
| Total assets |
Assets
|
$29.45B | USD | Point-in-time |
| Deposits |
Deposits
|
$21.45B | USD | Point-in-time |
| Deposits |
Deposits
|
$21.80B | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$5.51B | USD | Point-in-time |
| Long-term borrowings |
LongTermDebt
|
$5.24B | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$309.16M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$400.87M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.08B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.63B | 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: 437.6 million and 435.1 million shares issued, respectively |
CommonStockValue
|
$87.03M | USD | Point-in-time |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 437.6 million and 435.1 million shares issued, respectively |
CommonStockValue
|
$87.53M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.12B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.11B | USD | Point-in-time |
| Accumulated other comprehensive loss (net of tax benefit of ($25,139) and ($30,160), respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-78.33M | USD | Point-in-time |
| Accumulated other comprehensive loss (net of tax benefit of ($25,139) and ($30,160), respectively) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-93.87M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.25B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.16B | USD | Point-in-time |
| Total SLM Corporation stockholders equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$4.52B | USD | Point-in-time |
| Total SLM Corporation stockholders equity before treasury stock |
StockholdersEquityAttributabletoParentExcludingTreasuryStock
|
$4.63B | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 195.4 million and 194.4 million shares, respectively |
TreasuryStockCommonValue
|
$2.80B | USD | Point-in-time |
| Less: Common stock held in treasury at cost: 195.4 million and 194.4 million shares, respectively |
TreasuryStockCommonValue
|
$2.79B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.04B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.83B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.15B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.73B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$29.45B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$28.81B | USD | Point-in-time |
Income Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$582.78M | USD | 1 Quarter |
| Loans |
InterestAndFeeIncomeLoansAndLeases
|
$458.04M | USD | 1 Quarter |
| Investments |
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
$11.33M | USD | 1 Quarter |
| Investments |
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
$5.48M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$1.51M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndInvestmentsInterestIncomeLoss
|
$43.48M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$465.04M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$637.60M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$49.54M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$183.53M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$3.02M | USD | 1 Quarter |
| Interest expense on short-term borrowings |
InterestExpenseShortTermBorrowings
|
$2.88M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$37.59M | USD | 1 Quarter |
| Interest expense on long-term borrowings |
InterestExpenseLongTermDebt
|
$45.98M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$232.53M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$90.01M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$375.03M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$405.07M | USD | 1 Quarter |
| Less: provisions for credit losses |
FinancingReceivableAndOffBalanceSheetExcludingAccruedInterestCreditLossExpenseReversal
|
$98.05M | USD | 1 Quarter |
| Less: provisions for credit losses |
FinancingReceivableAndOffBalanceSheetExcludingAccruedInterestCreditLossExpenseReversal
|
$114.11M | USD | 1 Quarter |
| Net interest income after provisions for credit losses |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$276.98M | USD | 1 Quarter |
| Net interest income after provisions for credit losses |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$290.96M | USD | 1 Quarter |
| Gains (losses) on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$9.88M | USD | 1 Quarter |
| Gains (losses) on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$-9.00K | USD | 1 Quarter |
| Gains (losses) on securities, net |
GainLossOnSalesOfMortgageBackedSecuritiesMBS
|
$1.71M | USD | 1 Quarter |
| Gains (losses) on securities, net |
GainLossOnSalesOfMortgageBackedSecuritiesMBS
|
$-3.58M | USD | 1 Quarter |
| Gains (losses) on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 1 Quarter |
| Gains (losses) on derivatives and hedging activities, net |
GainLossOnDerivativeInstrumentsNetPretax
|
$-5.00K | USD | 1 Quarter |
| Other income |
NoninterestIncomeOtherOperatingIncome
|
$20.01M | USD | 1 Quarter |
| Other income |
NoninterestIncomeOtherOperatingIncome
|
$15.63M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$21.93M | USD | 1 Quarter |
| Total non-interest income |
NoninterestIncome
|
$21.71M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$71.98M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$87.65M | USD | 1 Quarter |
| FDIC assessment fees |
FederalDepositInsuranceCorporationPremiumExpense
|
$5.68M | USD | 1 Quarter |
| FDIC assessment fees |
FederalDepositInsuranceCorporationPremiumExpense
|
$11.53M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$54.34M | USD | 1 Quarter |
| Other operating expenses |
OtherNoninterestExpense
|
$55.36M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpensesExcludingAmortizationOfIntangibleAssets
|
$132.01M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpensesExcludingAmortizationOfIntangibleAssets
|
$154.54M | USD | 1 Quarter |
| Acquired intangible assets amortization expense |
AmortizationOfIntangibleAssets
|
$733.00K | USD | 1 Quarter |
| Acquired intangible assets amortization expense |
AmortizationOfIntangibleAssets
|
$2.27M | USD | 1 Quarter |
| Total non-interest expenses |
NoninterestExpense
|
$132.74M | USD | 1 Quarter |
| Total non-interest expenses |
NoninterestExpense
|
$156.81M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$166.17M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$155.86M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$37.34M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$37.36M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$128.81M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$118.52M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$4.06M | USD | 1 Quarter |
| Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$1.27M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$127.54M | USD | 1 Quarter |
| Net income attributable to SLM Corporation common stock |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$114.45M | USD | 1 Quarter |
| Basic earnings per common share (in dollars per share) |
EarningsPerShareBasic
|
$0.46 | USD | 1 Quarter |
| Basic earnings per common share (in dollars per share) |
EarningsPerShareBasic
|
$0.47 | USD | 1 Quarter |
| Average common shares outstanding (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
241.50M | 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
|
$0.47 | 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
|
243.55M | shares | 1 Quarter |
| Average common and common equivalent shares outstanding (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
280.65M | shares | 1 Quarter |
| Declared dividends per common share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.11 | USD | 1 Quarter |
| Declared dividends per common share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.11 | USD | 1 Quarter |
Cash Flow Statement
114 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$128.81M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$118.52M | USD | 1 Quarter |
| Provisions for credit losses |
FinancingReceivableAndOffBalanceSheetExcludingAccruedInterestCreditLossExpenseReversal
|
$98.05M | USD | 1 Quarter |
| Provisions for credit losses |
FinancingReceivableAndOffBalanceSheetExcludingAccruedInterestCreditLossExpenseReversal
|
$114.11M | USD | 1 Quarter |
| Income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$37.34M | USD | 1 Quarter |
| Income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$37.36M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$3.42M | USD | 1 Quarter |
| Amortization of brokered deposit placement fee |
AmortizationofBrokeredDepositPlacement
|
$3.12M | USD | 1 Quarter |
| Amortization of Secured Borrowing Facility upfront fee |
AmortizationOfABCPUpfrontLoanFees
|
$569.00K | USD | 1 Quarter |
| Amortization of Secured Borrowing Facility upfront fee |
AmortizationOfABCPUpfrontLoanFees
|
$723.00K | USD | 1 Quarter |
| Amortization of deferred loan origination costs and loan premium/(discounts), net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-3.42M | USD | 1 Quarter |
| Amortization of deferred loan origination costs and loan premium/(discounts), net |
AmortizationOfDeferredLoanOriginationFeesNet
|
$-4.46M | USD | 1 Quarter |
| Net amortization of discount on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-965.00K | USD | 1 Quarter |
| Net amortization of discount on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$622.00K | USD | 1 Quarter |
| Increase in tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$42.00K | USD | 1 Quarter |
| Increase in tax indemnification receivable |
InterestIncomeonTaxIndemnificationReceivable
|
$108.00K | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$4.19M | USD | 1 Quarter |
| Depreciation of premises and equipment |
Depreciation
|
$4.52M | USD | 1 Quarter |
| Acquired intangible assets amortization expense |
AmortizationOfIntangibleAssets
|
$733.00K | USD | 1 Quarter |
| Acquired intangible assets amortization expense |
AmortizationOfIntangibleAssets
|
$2.27M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$11.54M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$11.92M | USD | 1 Quarter |
| Unrealized (gains) losses on derivatives and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$56.00K | USD | 1 Quarter |
| Unrealized (gains) losses on derivatives and hedging activities, net |
UnrealizedGainLossOnDerivatives
|
$-315.00K | USD | 1 Quarter |
| (Gains) losses on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$9.88M | USD | 1 Quarter |
| (Gains) losses on sales of loans, net |
GainLossOnSaleOfNotesReceivable
|
$-9.00K | USD | 1 Quarter |
| (Gains) losses on securities, net |
GainLossOnSalesOfMortgageBackedSecuritiesMBS
|
$1.71M | USD | 1 Quarter |
| (Gains) losses on securities, net |
GainLossOnSalesOfMortgageBackedSecuritiesMBS
|
$-3.58M | 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
|
$-3.06M | USD | 1 Quarter |
| Other adjustments to net income, net |
OtherNoncashIncomeExpense
|
$-3.65M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$185.29M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$257.89M | USD | 1 Quarter |
| Increase in non-marketable securities |
IncreaseDecreaseInEquitySecuritiesFvNi
|
$992.00K | USD | 1 Quarter |
| Increase in non-marketable securities |
IncreaseDecreaseInEquitySecuritiesFvNi
|
- | USD | 1 Quarter |
| (Increase) decrease in other interest-earning assets |
PaymentsForProceedsFromOtherInterestEarningAssets
|
$1.87M | USD | 1 Quarter |
| (Increase) 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
|
$26.63M | USD | 1 Quarter |
| Increase (decrease) in income taxes payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$2.48M | USD | 1 Quarter |
| Increase (decrease) in income taxes payable, net |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-4.24M | USD | 1 Quarter |
| Increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$14.78M | USD | 1 Quarter |
| Increase in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$20.36M | USD | 1 Quarter |
| Decrease in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-23.77M | USD | 1 Quarter |
| Decrease in other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-34.81M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-66.02M | USD | 1 Quarter |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-109.63M | USD | 1 Quarter |
| Total net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$62.79M | USD | 1 Quarter |
| Total net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.89M | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$2.46B | USD | 1 Quarter |
| Loans acquired and originated |
StudentLoansacquiredandoriginated
|
$2.22B | USD | 1 Quarter |
| Net proceeds from sales of loans held for investment |
Netproceedsfromsalesofstudentloansheldforinvestment
|
$-9.00K | USD | 1 Quarter |
| Net proceeds from sales of loans held for investment |
Netproceedsfromsalesofstudentloansheldforinvestment
|
$45.73M | USD | 1 Quarter |
| Proceeds from FFELP Loan claim payments |
ProceedsfromClaimpayments
|
$11.27M | USD | 1 Quarter |
| Proceeds from FFELP Loan claim payments |
ProceedsfromClaimpayments
|
$5.59M | USD | 1 Quarter |
| Net (Increase) Decrease In Loans Held For Investment, Excluding Loans Acquired, Originated, And Sales |
NetIncreaseDecreaseInLoansHeldForInvestmentExcludingLoansAcquiredOriginatedAndSales
|
$-1.15B | USD | 1 Quarter |
| Net (Increase) Decrease In Loans Held For Investment, Excluding Loans Acquired, Originated, And Sales |
NetIncreaseDecreaseInLoansHeldForInvestmentExcludingLoansAcquiredOriginatedAndSales
|
$-912.68M | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$536.63M | USD | 1 Quarter |
| Purchases of available-for-sale securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$4.99M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$73.35M | USD | 1 Quarter |
| Proceeds from sales and maturities of available-for-sale securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$686.81M | 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 investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.47B | USD | 1 Quarter |
| Total net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-988.87M | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
$2.63M | USD | 1 Quarter |
| Brokered deposit placement fee |
Cashpaidforbrokereddepositplacementfee
|
$2.21M | USD | 1 Quarter |
| Net increase (decrease) in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$515.91M | USD | 1 Quarter |
| Net increase (decrease) in certificates of deposit |
Netincreasedecreaseinbrokeredcertificatesofdeposit
|
$-127.81M | USD | 1 Quarter |
| Net increase (decrease) in other deposits |
NetincreaseinNOWaccountdeposits
|
$-167.84M | USD | 1 Quarter |
| Net increase (decrease) in other deposits |
NetincreaseinNOWaccountdeposits
|
$543.77M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - issued |
BorrowingsCollateralizedByLoansInTrustIssued
|
- | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - issued |
BorrowingsCollateralizedByLoansInTrustIssued
|
$569.87M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
$381.00M | USD | 1 Quarter |
| Borrowings collateralized by loans in securitization trusts - repaid |
BorrowingsCollateralizedByLoansInTrustRepaid
|
$293.12M | USD | 1 Quarter |
| Issuance costs for unsecured debt offering |
PaymentsOfDebtIssuanceCosts
|
$360.00K | USD | 1 Quarter |
| Issuance costs for unsecured debt offering |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Fees paid on Secured Borrowing Facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
$-16.00K | USD | 1 Quarter |
| Fees paid on Secured Borrowing Facility |
NetIncreaseDecreaseinUpfrontLoanFees
|
- | USD | 1 Quarter |
| Common stock dividends paid |
PaymentsOfDividendsCommonStock
|
$26.64M | USD | 1 Quarter |
| Common stock dividends paid |
PaymentsOfDividendsCommonStock
|
$30.49M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$4.06M | USD | 1 Quarter |
| Preferred stock dividends paid |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$1.27M | USD | 1 Quarter |
| Common stock repurchased |
PaymentsForRepurchaseOfCommonStock
|
$4.00M | USD | 1 Quarter |
| Common stock repurchased |
PaymentsForRepurchaseOfCommonStock
|
$169.32M | USD | 1 Quarter |
| Total net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$587.47M | USD | 1 Quarter |
| Total net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-168.71M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.09B | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-874.69M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.55B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.77B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.90B | 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 end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.55B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.77B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.90B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.45B | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$198.87M | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$68.46M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$5.07M | USD | 1 Quarter |
| Income taxes paid |
IncomeTaxesPaid
|
$4.70M | USD | 1 Quarter |
| Income taxes refunded |
ProceedsFromIncomeTaxRefunds
|
$7.27M | USD | 1 Quarter |
| Income taxes refunded |
ProceedsFromIncomeTaxRefunds
|
$916.00K | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.62B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.26B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.72B | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$181.76M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$187.96M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndInvestments
|
$156.72M | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.55B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.77B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.90B | USD | Point-in-time |
| Total cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.45B | USD | Point-in-time |
Stockholders Equity
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock dividend (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.11 | USD | 1 Quarter |
| Common stock dividend (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.11 | USD | 1 Quarter |
| Beginning balance (in shares) |
TreasuryStockCommonShares
|
195.40M | shares | Point-in-time |
| Beginning balance (in shares) |
TreasuryStockCommonShares
|
194.40M | shares | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.04B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.83B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.15B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.73B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$128.81M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$118.52M | USD | 1 Quarter |
| Other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-21.62M | USD | 1 Quarter |
| Other comprehensive (loss) income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$15.54M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$107.19M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$134.06M | USD | 1 Quarter |
| Common Stock |
DividendsCommonStockCash
|
$30.49M | USD | 1 Quarter |
| Common Stock |
DividendsCommonStockCash
|
$26.64M | 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
|
2.52M | shares | 1 Quarter |
| Issuance of common shares (in shares) |
StockIssuedDuringPeriodSharesNewIssues
|
2.59M | shares | 1 Quarter |
| Issuance of common shares |
StockIssuedDuringPeriodValueNewIssues
|
$-3.00K | 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
|
$11.54M | USD | 1 Quarter |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
9.53M | shares | 1 Quarter |
| Common stock repurchased (in shares) |
TreasuryStockSharesAcquired
|
0.00 | shares | 1 Quarter |
| Common stock repurchased |
TreasuryStockValueAcquiredParValueMethod
|
$175.94M | USD | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans (in shares) |
SharesPaidForTaxWithholdingForShareBasedCompensation
|
949,431.00 | shares | 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 |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$14.77M | USD | 1 Quarter |
| Shares repurchased related to employee stock-based compensation plans |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$17.34M | USD | 1 Quarter |
| Ending Balance (in shares) |
TreasuryStockCommonShares
|
195.40M | shares | Point-in-time |
| Ending Balance (in shares) |
TreasuryStockCommonShares
|
194.40M | shares | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.04B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.83B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.15B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.73B | 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
|
$118.52M | USD | 1 Quarter |
| Unrealized gains (losses) on investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$-81.04M | USD | 1 Quarter |
| Unrealized gains (losses) on investments |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
$35.56M | USD | 1 Quarter |
| Unrealized gains (losses) on cash flow hedges |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
$-15.00M | USD | 1 Quarter |
| Unrealized gains (losses) 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
|
$20.56M | USD | 1 Quarter |
| Income tax (expense) benefit |
OtherComprehensiveIncomeLossTax
|
$5.02M | USD | 1 Quarter |
| Income tax (expense) benefit |
OtherComprehensiveIncomeLossTax
|
$-6.89M | 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
|
$15.54M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$107.19M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$134.06M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.