← SLM Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $385.4m | $448.6m | $557.0m | $574.3m | $538.1m | $518.7m | $551.5m | $619.2m | $636.6m | $655.6m | |
| Other operating expenses | $182.2m | $206.4m | $271.8m | $263.2m | $233.6m | $237.0m | $260.2m | $246.9m | $235.6m | $275.5m | |
| Total operating expenses | $385.4m | $448.6m | $557.0m | $574.3m | $538.1m | $518.7m | $551.5m | $619.2m | $636.6m | $655.6m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $906k | $469k | — | — | — | — | $7.8m | $10.0m | $5.0m | $4.0m | |
| Debt Securities, Trading, Gain (Loss) | — | — | — | — | — | — | — | $3.0m | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $4.0m | — | — | |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | $0 | $0 | ($1.5m) | $0 | $0 | $39.1m | ($60.3m) | $2.7m | $467k | ($9.8m) | |
| Preferred Stock Dividends, Income Statement Impact | $21 | $16 | $16 | $17 | $10 | $5 | $9 | $18 | $18 | $16 | |
| Loans | $1.1b | $1.4b | $1.9b | $2.2b | $2.0b | $1.8b | $1.9b | $2.3b | $2.3b | $2.4b | |
| Investments | $9.2m | $8.3m | $6.2m | $7.6m | $11.7m | $13.9m | $35.3m | $50.8m | $61.4m | $58.8m | |
| Cash and cash equivalents | $7.6m | $15.5m | $34.5m | $74.3m | $20.9m | $6.0m | $81.7m | $213.8m | $243.2m | $176.0m | |
| Deposits | $148.4m | $223.7m | $389.3m | $547.7m | $393.2m | $225.4m | $368.9m | $808.1m | $881.5m | $808.8m | |
| Net interest income | $891.3m | $1.1b | $1.4b | $1.6b | $1.5b | $1.4b | $1.5b | $1.6b | $1.5b | $1.5b | |
| Less: provisions for credit losses | $159.4m | $185.8m | $244.9m | $354.2m | $93.1m | ($33.0m) | $633.5m | $345.5m | $408.5m | $332.7m | |
| Net interest income after provisions for credit losses | $731.9m | $943.5m | $1.2b | $1.3b | $1.4b | $1.4b | $855.3m | $1.2b | $1.1b | $1.2b | |
| Gains on sales of loans, net | $230k | $0 | $2.1m | $0 | $238.3m | $548.3m | $327.8m | $160.3m | $254.9m | $368.9m | |
| Gains (losses) on securities, net | $0 | $0 | ($1.5m) | $0 | $0 | $39.1m | ($60.3m) | $2.7m | $467k | ($9.8m) | |
| Other income | $69.5m | $5.4m | ($52.3m) | $31.1m | $43.6m | $84.0m | $67.2m | $84.1m | $112.9m | $123.5m | |
| Compensation and benefits | $184.0m | $213.3m | $252.3m | $278.2m | $282.5m | $258.3m | $270.4m | $326.6m | $349.4m | $345.8m | |
| FDIC assessment fees | $19.2m | $28.9m | $32.8m | $32.9m | $22.0m | $23.4m | $20.9m | $45.8m | $51.6m | $34.3m | |
| Preferred stock dividends | $21 | $16 | $16 | $17 | $10 | $5 | $9 | $18 | $18 | $16 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $414.4m | $491.5m | $559.3m | $743.7m | $1.2b | $1.5b | $630.7m | $778.3m | $798.6m | $992.6m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($958k) | ($8.3m) | ($87k) | $17.8m | $49.5m | $144k | ($5k) | $0 | $0 | — | |
| Total interest income | $1.1b | $1.4b | $1.9b | $2.3b | $2.0b | $1.8b | $2.0b | $2.6b | $2.6b | $2.6b | |
| Total non-interest income | $68.8m | ($2.9m) | ($51.9m) | $48.9m | $331.4m | $632.4m | $334.6m | $247.1m | $368.3m | $482.6m | |
| Net Income (Loss) Attributable to Parent | $250.3m | $288.9m | $487.5m | $578.3m | $880.7m | $1.2b | $469.0m | $581.4m | $608.3m | $744.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $229.1m | $273.2m | $471.8m | $561.4m | $871.0m | $1.2b | $460.0m | $563.7m | $590.0m | $729.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $0.54 | $0.63 | $1.08 | $1.31 | $2.27 | $3.67 | $1.78 | $2.44 | $2.73 | $3.52 | |
| Earnings Per Share, Diluted | $0.53 | $0.62 | $1.07 | $1.30 | $2.25 | $3.61 | $1.76 | $2.41 | $2.68 | $3.46 | |
| Common Stock, Dividends, Per Share, Declared | $0.54 | $0.63 | $1.08 | $0.12 | $0.12 | $0.20 | $0.44 | $0.44 | $0.46 | $0.52 | |
| Weighted Average Number of Shares Outstanding, Basic | 427.9m | 431.2m | 435.1m | 427.3m | 383.7m | 315.0m | 258.4m | 231.4m | 216.2m | 207.2m | |
| Average common shares outstanding (in shares) | 427.9m | 431.2m | 435.1m | 427.3m | 383.7m | 315.0m | 258.4m | 231.4m | 216.2m | 207.2m | |
| Average common and common equivalent shares outstanding (in shares) | 432.9m | 438.6m | 439.7m | 430.7m | 387.2m | 319.9m | 261.5m | 234.1m | 219.9m | 210.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 432.9m | 438.6m | 439.7m | 430.7m | 387.2m | 319.9m | 261.5m | 234.1m | 219.9m | 210.9m | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | $2.6m | $952k | $0 | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | ($413.5m) | ($242.6m) | $361.1m | — | |
| Labor and Related Expense | $184.0m | $213.3m | $252.3m | $278.2m | $282.5m | $258.3m | $270.4m | $326.6m | $349.4m | $345.8m | |
| Acquired intangible assets impairment and amortization expense | — | — | — | — | — | $0 | $7.8m | $66.4m | $5.3m | $3.6m | |
| Interest Expense | $185.9m | $308.1m | $522.3m | $707.7m | $541.7m | $382.1m | $542.8m | $1.0b | $1.1b | $1.1b | |
| Interest Expense Operating | — | — | — | — | — | — | — | — | $1.1b | $1.1b | |
| Interest expense on short-term borrowings | $7.3m | $6.3m | $5.8m | $6.2m | $14.5m | $18.9m | $12.0m | $13.5m | $13.8m | $11.4m | |
| Interest expense on long-term borrowings | $30.2m | $78.0m | $127.1m | $153.8m | $134.0m | $137.8m | $161.9m | $208.5m | $243.0m | $305.2m | |
| Income before income tax expense | $414.4m | $491.5m | $559.3m | $743.7m | $1.2b | $1.5b | $630.7m | $778.3m | $798.6m | $992.6m | |
| Current Income Tax Expense (Benefit) | $252.8m | $261.3m | $135.2m | $175.2m | $200.5m | $324.4m | $255.4m | $220.1m | $224.6m | $197.4m | |
| Income tax expense | $164.1m | $202.5m | $71.9m | $165.5m | $273.3m | $379.8m | $161.7m | $196.9m | $190.3m | $247.7m | |
| Interest Income (Expense), Net | $891.3m | $1.1b | $1.4b | $1.6b | $1.5b | $1.4b | $1.5b | $1.6b | $1.5b | $1.5b | |
| Total interest expense | $185.9m | $308.1m | $522.3m | $707.7m | $541.7m | $382.1m | $542.8m | $1.0b | $1.1b | $1.1b | |
| Total non-interest expenses | $386.3m | $449.1m | $557.0m | $574.3m | $564.3m | $519.9m | $559.2m | $685.6m | $641.9m | $659.1m | |
| Income Tax Expense (Benefit) | $164.1m | $202.5m | $71.9m | $165.5m | $273.3m | $379.8m | $161.7m | $196.9m | $190.3m | $247.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.