SLM Corporation(NASDAQ:SLM) 
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yi...
Website: http://www.salliemae.com
Founded: 1972
Full Time Employees: 1,900
Sector: Financial Services
Industry: Credit Services
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2014-12-31 | 2014-09-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2008-01-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2005-12-31 | 2005-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | 602,262,000 | 602,307,000 | 593,734,000 | 597,609,000 | 598,767,000 | 587,426,000 | 565,046,000 | 565,338,000 | 596,607,000 | 595,537,000 | 581,080,000 | 568,342,000 | 582,784,000 | 527,143,000 | 483,327,000 | 446,040,000 | 458,044,000 | 452,466,000 | 442,576,000 | 430,099,000 | 431,804,000 | 475,725,000 | 477,833,000 | 480,170,000 | 555,277,000 | 577,087,000 | 564,698,000 | 553,905,000 | 553,479,000 | 524,597,000 | 485,997,000 | 454,045,000 | 430,048,000 | 392,399,000 | 359,610,000 | 336,739,000 | 324,757,000 | 295,241,000 | 268,341,000 | 251,675,000 | 245,230,000 | 218,703,000 | 205,274,000 | 195,000,000 | 173,792,000 | 164,000,000 | ||||||||||||||||||||||||||||||||
investments | 14,968,000 | 15,404,000 | 14,955,000 | 13,710,000 | 14,746,000 | 15,467,000 | 16,299,000 | 15,139,000 | 14,507,000 | 14,174,000 | 13,268,000 | 12,037,000 | 11,331,000 | 11,052,000 | 10,260,000 | 8,513,000 | 5,479,000 | 4,597,000 | 3,366,000 | 3,168,000 | 2,728,000 | 2,657,000 | 3,327,000 | 2,489,000 | 2,517,000 | 2,335,000 | 2,145,000 | 1,706,000 | 1,421,000 | 1,181,000 | 1,340,000 | 1,694,000 | 1,947,000 | 2,016,000 | 1,928,000 | 2,201,000 | 2,143,000 | 2,005,000 | 2,193,000 | 2,371,000 | 2,591,000 | 2,501,000 | 2,640,000 | 2,000,000 | 2,913,000 | 3,000,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 32,079,000 | 39,108,000 | 48,898,000 | 45,440,000 | 42,577,000 | 58,480,000 | 71,294,000 | 60,999,000 | 52,444,000 | 58,839,000 | 57,902,000 | 53,526,000 | 43,483,000 | 45,405,000 | 26,324,000 | 8,478,000 | 1,515,000 | 1,378,000 | 1,613,000 | 1,423,000 | 1,626,000 | 1,173,000 | 1,218,000 | 2,136,000 | 17,139,000 | 21,044,000 | 23,548,000 | 18,111,000 | 11,553,000 | 12,435,000 | 10,260,000 | 6,572,000 | 5,236,000 | 5,081,000 | 4,686,000 | 3,155,000 | 2,588,000 | 2,767,000 | 2,003,000 | 1,195,000 | 1,634,000 | 1,183,000 | 987,000 | 1,000,000 | 1,589,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
total interest income | 649,309,000 | 656,819,000 | 657,587,000 | 656,759,000 | 656,090,000 | 661,373,000 | 652,639,000 | 641,476,000 | 663,558,000 | 668,550,000 | 652,250,000 | 633,905,000 | 637,598,000 | 583,600,000 | 519,911,000 | 463,031,000 | 465,038,000 | 458,441,000 | 447,555,000 | 434,690,000 | 436,158,000 | 479,555,000 | 482,378,000 | 484,795,000 | 574,933,000 | 600,466,000 | 590,391,000 | 573,722,000 | 566,453,000 | 538,213,000 | 497,597,000 | 462,311,000 | 437,231,000 | 399,496,000 | 366,224,000 | 342,095,000 | 329,488,000 | 300,013,000 | 272,537,000 | 255,241,000 | 249,455,000 | 222,387,000 | 208,901,000 | 198,000,000 | 178,294,000 | 168,000,000 | 1,296,000,000 | 1,340,000,000 | 1,337,000,000 | 1,366,000,000 | 1,425,000,000 | 1,464,000,000 | 1,403,000,000 | 1,476,000,000 | 1,459,834,000 | 1,492,561,000 | -3,365,249,000 | 1,510,533,000 | 1,464,855,000 | 1,385,861,000 | 1,114,549,000 | 1,199,046,000 | 1,203,160,000 | 1,241,610,000 | 1,740,081,000 | 1,869,282,000 | 1,768,461,000 | 1,891,814,000 | 2,311,113,000 | 2,321,121,000 | 2,095,882,000 | 1,945,906,000 | 1,834,703,000 | 1,701,092,000 | 1,560,872,000 | 910,972,000 | ||
interest expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 200,609,000 | 199,604,000 | 203,577,000 | 201,478,000 | 204,139,000 | 223,976,000 | 225,749,000 | 211,286,000 | 220,445,000 | 223,206,000 | 209,921,000 | 191,407,000 | 183,531,000 | 153,441,000 | 105,468,000 | 60,468,000 | 49,537,000 | 49,887,000 | 51,629,000 | 57,256,000 | 66,598,000 | 74,336,000 | 83,500,000 | 100,246,000 | 135,112,000 | 141,769,000 | 143,393,000 | 136,597,000 | 125,987,000 | 116,195,000 | 105,093,000 | 90,605,000 | 77,456,000 | 66,218,000 | 61,890,000 | 50,730,000 | 44,852,000 | 40,775,000 | 38,210,000 | 35,409,000 | 34,012,000 | 29,425,000 | 29,110,000 | |||||||||||||||||||||||||||||||||||
interest expense on short-term borrowings | 5,128,000 | 3,687,000 | 717,000 | 3,613,000 | 3,401,000 | 3,476,000 | 3,467,000 | 3,310,000 | 3,562,000 | 3,608,000 | 3,576,000 | 3,299,000 | 3,018,000 | 3,054,000 | 3,054,000 | 2,973,000 | 2,875,000 | 4,585,000 | 5,458,000 | 5,700,000 | 3,202,000 | 3,418,000 | 3,424,000 | 3,399,000 | 4,217,000 | 2,493,000 | 1,400,000 | 1,135,000 | 1,165,000 | 1,156,000 | 1,156,000 | 1,128,000 | 2,393,000 | 2,107,000 | 1,804,000 | 1,194,000 | 1,236,000 | 1,495,000 | 1,604,000 | 2,060,000 | 2,163,000 | 1,771,000 | 1,951,000 | |||||||||||||||||||||||||||||||||||
interest expense on long-term borrowings | 68,161,000 | 76,471,000 | 80,316,000 | 74,848,000 | 73,580,000 | 71,730,000 | 64,020,000 | 54,708,000 | 52,535,000 | 55,850,000 | 54,125,000 | 52,568,000 | 45,981,000 | 45,674,000 | 41,879,000 | 36,782,000 | 37,594,000 | 36,619,000 | 32,950,000 | 32,950,000 | 35,244,000 | 35,264,000 | 30,887,000 | 32,375,000 | 35,488,000 | 37,103,000 | 40,533,000 | 39,122,000 | 37,020,000 | 37,995,000 | 34,715,000 | 29,628,000 | 24,768,000 | 21,980,000 | 20,469,000 | 20,278,000 | 15,323,000 | 12,309,000 | 9,448,000 | 5,006,000 | 3,415,000 | 3,340,000 | 2,398,000 | |||||||||||||||||||||||||||||||||||
total interest expense | 273,898,000 | 279,762,000 | 284,610,000 | 279,939,000 | 281,120,000 | 299,182,000 | 293,236,000 | 269,304,000 | 276,542,000 | 282,664,000 | 267,622,000 | 247,274,000 | 232,530,000 | 202,169,000 | 150,401,000 | 100,223,000 | 90,006,000 | 91,091,000 | 90,037,000 | 95,906,000 | 105,044,000 | 113,018,000 | 117,811,000 | 136,020,000 | 174,817,000 | 181,365,000 | 185,326,000 | 176,854,000 | 164,172,000 | 155,346,000 | 140,964,000 | 121,361,000 | 104,617,000 | 90,305,000 | 84,163,000 | 72,202,000 | 61,412,000 | 54,579,000 | 49,262,000 | 42,475,000 | 39,592,000 | 34,541,000 | 33,459,000 | 30,000,000 | 27,815,000 | 24,000,000 | 530,000,000 | 541,000,000 | 553,000,000 | 571,000,000 | 593,000,000 | 645,000,000 | 657,000,000 | 591,000,000 | 591,427,000 | 594,595,000 | -2,498,916,000 | 638,599,000 | 568,933,000 | 531,384,000 | 515,763,000 | 673,870,000 | 819,459,000 | 1,026,547,000 | 1,529,522,000 | 1,394,533,000 | 1,365,918,000 | 1,615,445,000 | 1,976,642,000 | 1,879,811,000 | 1,697,229,000 | 1,532,090,000 | 1,462,733,000 | 1,363,271,000 | 1,204,067,000 | 564,212,000 | ||
net interest income | 375,411,000 | 377,057,000 | 372,977,000 | 376,820,000 | 374,970,000 | 362,191,000 | 359,403,000 | 372,172,000 | 387,016,000 | 385,886,000 | 384,628,000 | 386,631,000 | 405,068,000 | 381,431,000 | 369,510,000 | 362,808,000 | 375,032,000 | 367,350,000 | 357,518,000 | 338,784,000 | 331,114,000 | 366,537,000 | 364,567,000 | 348,775,000 | 400,116,000 | 419,101,000 | 405,065,000 | 396,868,000 | 402,281,000 | 382,867,000 | 356,633,000 | 340,950,000 | 332,614,000 | 309,191,000 | 282,061,000 | 269,893,000 | 268,076,000 | 245,434,000 | 223,275,000 | 212,766,000 | 209,863,000 | 187,846,000 | 175,442,000 | 168,000,000 | 150,479,000 | 144,000,000 | 766,000,000 | 799,000,000 | 784,000,000 | 795,000,000 | 832,000,000 | 819,000,000 | 746,000,000 | 885,000,000 | 868,407,000 | 897,966,000 | -866,333,000 | 871,934,000 | 895,922,000 | 854,477,000 | 598,786,000 | 525,176,000 | 383,701,000 | 215,063,000 | 210,559,000 | 474,749,000 | 402,543,000 | 276,369,000 | 334,471,000 | 441,310,000 | 398,653,000 | 413,816,000 | 371,970,000 | 337,821,000 | 356,805,000 | 346,760,000 | ||
less: provisions for credit losses | -11,466,000 | -18,779,000 | 179,462,000 | 148,718,000 | 23,286,000 | 108,179,000 | 271,465,000 | 16,830,000 | 12,041,000 | 15,599,000 | 198,023,000 | 17,729,000 | 114,112,000 | 297,260,000 | 207,598,000 | 30,545,000 | 98,050,000 | -15,309,000 | 138,442,000 | 69,677,000 | -225,767,000 | -316,372,000 | -3,640,000 | 351,887,000 | 61,258,000 | 97,558,000 | 99,526,000 | 93,375,000 | 63,790,000 | 57,619,000 | 70,047,000 | 63,267,000 | 53,931,000 | 55,324,000 | 54,930,000 | 50,215,000 | 25,296,000 | 43,226,000 | 41,784,000 | 41,793,000 | 32,602,000 | |||||||||||||||||||||||||||||||||||||
net interest income after provisions for credit losses | 386,877,000 | 395,836,000 | 193,515,000 | 228,102,000 | 351,684,000 | 254,012,000 | 87,938,000 | 355,342,000 | 374,975,000 | 370,287,000 | 186,605,000 | 368,902,000 | 290,956,000 | 84,171,000 | 161,912,000 | 332,263,000 | 276,982,000 | 382,659,000 | 219,076,000 | 269,107,000 | 556,881,000 | 682,909,000 | 368,207,000 | -3,112,000 | 338,858,000 | 321,543,000 | 305,539,000 | 303,493,000 | 338,491,000 | 325,248,000 | 286,586,000 | 277,683,000 | 278,683,000 | 253,867,000 | 227,131,000 | 219,678,000 | 242,780,000 | 202,208,000 | 181,491,000 | 170,973,000 | 177,261,000 | |||||||||||||||||||||||||||||||||||||
non-interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans | 146,313,000 | 45,200,000 | 135,958,000 | -13,000 | 187,735,000 | -9,000 | -31,000 | 111,929,000 | 143,039,000 | 35,550,000 | -5,000 | 124,754,000 | -9,000 | 2,894,000 | 74,978,000 | 239,997,000 | 9,881,000 | 145,535,000 | -10,000 | 3,679,000 | 399,111,000 | -247,000 | -4,000 | -369,000 | 238,935,000 | 2,060,000 | 58,484,000 | 77,000,000 | 359,000 | 85,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
losses on securities | -2,398,000 | -30,967,000 | -24,458,000 | -13,427,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 40,662,000 | 33,499,000 | 31,868,000 | 29,430,000 | 28,687,000 | 27,709,000 | 28,390,000 | 27,773,000 | 29,001,000 | 20,873,000 | 22,753,000 | 20,513,000 | 20,009,000 | 16,730,000 | 20,125,000 | 18,256,000 | 12,049,000 | 7,243,000 | 13,879,000 | 48,580,000 | 14,288,000 | 1,043,000 | 9,646,000 | 25,412,000 | 7,487,000 | -211,000 | 15,280,000 | 2,655,000 | 13,378,000 | 6,446,000 | -80,702,000 | 12,295,000 | 9,642,000 | -21,066,000 | 4,455,000 | 10,629,000 | 11,346,000 | 13,235,000 | 21,598,000 | 10,000,000 | 7,250,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||
total non-interest income | 184,577,000 | 77,047,000 | 172,702,000 | 26,776,000 | 206,044,000 | 27,782,000 | 24,523,000 | 141,805,000 | 174,158,000 | 57,113,000 | 24,238,000 | 144,054,000 | 21,711,000 | -40,643,000 | 95,103,000 | 258,253,000 | 21,925,000 | 152,761,000 | 13,913,000 | 52,348,000 | 413,427,000 | 932,000 | 9,627,000 | 28,794,000 | 292,094,000 | -3,846,000 | 17,241,000 | 19,391,000 | 16,141,000 | 12,684,000 | -85,651,000 | 7,538,000 | 13,534,000 | -22,006,000 | 6,116,000 | 7,020,000 | 5,968,000 | 9,351,000 | 22,966,000 | 15,825,000 | 20,674,000 | |||||||||||||||||||||||||||||||||||||
non-interest expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 103,446,000 | 86,417,000 | 83,667,000 | 84,900,000 | 90,830,000 | 80,084,000 | 87,566,000 | 85,261,000 | 96,476,000 | 77,095,000 | 83,577,000 | 78,233,000 | 87,649,000 | 67,359,000 | 65,003,000 | 66,011,000 | 71,981,000 | 57,895,000 | 66,229,000 | 62,616,000 | 71,581,000 | 63,084,000 | 62,743,000 | 72,448,000 | 84,222,000 | 68,016,000 | 64,980,000 | 66,495,000 | 78,738,000 | 61,524,000 | 62,260,000 | 60,245,000 | 68,317,000 | 55,796,000 | 51,052,000 | 51,007,000 | 55,464,000 | 45,337,000 | 43,380,000 | 44,570,000 | 50,209,000 | 39,896,000 | 39,304,000 | |||||||||||||||||||||||||||||||||||
fdic assessment fees | 4,441,000 | 5,595,000 | 6,511,000 | 9,782,000 | 12,403,000 | 13,594,000 | 12,973,000 | 11,727,000 | 13,312,000 | 12,103,000 | 12,283,000 | 9,851,000 | 11,529,000 | 9,438,000 | 4,592,000 | 1,225,000 | 5,684,000 | 5,734,000 | 6,521,000 | 5,925,000 | 5,188,000 | 4,448,000 | 1,455,000 | 7,163,000 | 8,890,000 | 9,064,000 | 8,814,000 | 7,356,000 | 7,618,000 | 6,853,000 | 9,136,000 | 8,001,000 | 8,796,000 | 7,473,000 | 7,626,000 | 6,622,000 | 7,229,000 | 5,661,000 | 5,095,000 | |||||||||||||||||||||||||||||||||||||||
other operating expenses | 62,474,000 | 64,081,000 | 89,380,000 | 71,664,000 | 50,355,000 | 54,455,000 | 70,259,000 | 60,218,000 | 50,645,000 | 53,903,000 | 71,542,000 | 66,080,000 | 55,361,000 | 60,965,000 | 80,369,000 | 64,494,000 | 54,341,000 | 61,866,000 | 67,899,000 | 59,469,000 | 47,730,000 | 54,211,000 | 63,292,000 | 61,946,000 | 54,186,000 | 64,599,000 | 79,827,000 | 64,955,000 | 53,791,000 | 77,870,000 | 79,236,000 | 66,977,000 | 47,761,000 | 55,281,000 | 57,464,000 | 53,622,000 | 39,984,000 | 47,038,000 | 51,234,000 | 50,207,000 | 42,676,000 | 45,349,000 | 53,560,000 | 224,000,000 | 129,000,000 | 124,000,000 | 132,000,000 | 131,000,000 | 122,000,000 | 119,000,000 | 147,000,000 | 143,580,000 | 167,759,000 | 136,155,250 | 180,120,000 | 206,287,000 | 177,635,000 | 189,656,000 | 176,185,000 | 175,766,000 | 164,562,000 | 175,272,000 | 209,744,000 | 185,900,000 | 175,919,000 | |||||||||||||
total operating expenses | 170,361,000 | 156,093,000 | 179,558,000 | 166,346,000 | 153,588,000 | 148,133,000 | 170,798,000 | 157,206,000 | 160,433,000 | 143,101,000 | 167,402,000 | 154,164,000 | 154,539,000 | 137,762,000 | 149,964,000 | 131,730,000 | 132,006,000 | 125,495,000 | 140,649,000 | 128,010,000 | 124,499,000 | 121,743,000 | 127,490,000 | 102,682,250 | 150,632,000 | 135,223,000 | 124,874,000 | 118,550,000 | 116,142,000 | 111,251,000 | 102,677,000 | 98,036,000 | 99,709,000 | 94,777,000 | 92,885,000 | 85,245,000 | 92,864,000 | 366,000,000 | 257,000,000 | 258,000,000 | 270,000,000 | 253,000,000 | 244,000,000 | 239,000,000 | 285,000,000 | 268,719,000 | 303,200,000 | 440,974,000 | 355,899,000 | 398,800,000 | 356,174,000 | 352,747,000 | 353,494,000 | 316,602,000 | 262,291,000 | |||||||||||||||||||||||
acquired intangible assets amortization expense | 740,000 | 691,250 | 846,000 | 898,000 | 1,021,000 | 958,500 | 1,225,000 | 1,394,000 | 1,215,000 | 1,837,750 | 2,834,000 | 2,245,000 | 2,272,000 | 2,301,000 | 2,328,000 | 2,417,000 | 733,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-interest expenses | 171,101,000 | 156,886,000 | 180,404,000 | 167,244,000 | 154,609,000 | 149,628,000 | 172,023,000 | 158,600,000 | 161,648,000 | 202,114,000 | 170,236,000 | 156,409,000 | 156,811,000 | 140,063,000 | 152,292,000 | 134,147,000 | 132,739,000 | 125,495,000 | 140,757,000 | 128,080,000 | 125,576,000 | 123,831,000 | 151,617,000 | 141,557,000 | 147,298,000 | 141,679,000 | 153,621,000 | 138,806,000 | 140,147,000 | 145,971,000 | 150,724,000 | 135,315,000 | 124,966,000 | 118,668,000 | 116,259,000 | 111,368,000 | 102,794,000 | 98,195,000 | 99,935,000 | |||||||||||||||||||||||||||||||||||||||
income before income tax expense | 400,353,000 | 315,997,000 | 185,813,000 | 87,634,000 | 403,119,000 | 132,166,000 | -59,562,000 | 338,547,000 | 387,485,000 | 225,286,000 | 40,607,000 | 356,547,000 | 155,856,000 | -96,535,000 | 104,723,000 | 456,369,000 | 166,168,000 | 409,925,000 | 92,232,000 | 193,375,000 | 844,732,000 | 560,010,000 | 226,217,000 | -115,875,000 | 483,654,000 | 176,018,000 | 169,159,000 | 184,078,000 | 214,485,000 | 191,961,000 | 50,211,000 | 149,906,000 | 167,251,000 | 113,193,000 | 116,988,000 | 115,330,000 | 145,954,000 | 113,364,000 | 104,522,000 | 91,760,000 | 104,790,000 | 144,760,000 | 63,709,000 | 151,000,000 | 43,752,000 | 138,000,000 | 557,000,000 | |||||||||||||||||||||||||||||||
income tax expense | 92,399,000 | 82,812,000 | 49,963,000 | 16,362,000 | 98,579,000 | 20,613,000 | -14,410,000 | 86,554,000 | 97,554,000 | 56,843,000 | 11,242,000 | 91,482,000 | 37,338,000 | -19,492,000 | 29,551,000 | 114,296,000 | 37,356,000 | 103,660,000 | 19,392,000 | 53,174,000 | 203,525,000 | 127,310,000 | 55,189,000 | -30,664,000 | 121,481,000 | 34,666,000 | 40,701,000 | 33,801,000 | 56,296,000 | 44,449,000 | -53,667,000 | 40,074,000 | 40,997,000 | 66,190,000 | 40,617,000 | 44,713,000 | 51,011,000 | 43,122,000 | 47,557,000 | 34,555,000 | 38,875,000 | 54,915,000 | 17,985,000 | 60,000,000 | 23,967,000 | 55,000,000 | 136,000,000 | 136,000,000 | 300,000,000 | 211,000,000 | 158,000,000 | 104,000,000 | 168,000,000 | -46,000,000 | -9,585,000 | 99,711,000 | 4,660,000 | -127,558,000 | 196,103,000 | 155,795,000 | -46,551,000 | -3,308,250 | -103,819,000 | 153,074,000 | -62,488,000 | |||||||||||||
net income | 307,954,000 | 233,185,000 | 135,850,000 | 71,272,000 | 304,540,000 | 111,553,000 | -45,152,000 | 251,993,000 | 289,931,000 | 168,443,000 | 29,365,000 | 265,065,000 | 118,518,000 | -77,043,000 | 75,172,000 | 342,073,000 | 128,812,000 | 306,265,000 | 72,840,000 | 140,201,000 | 641,207,000 | 432,700,000 | 171,028,000 | -85,211,000 | 362,173,000 | 141,352,000 | 128,458,000 | 150,277,000 | 158,189,000 | 147,512,000 | 103,878,000 | 109,832,000 | 126,254,000 | 47,003,000 | 76,371,000 | 70,617,000 | 94,943,000 | 70,242,000 | 56,965,000 | 57,205,000 | 89,845,000 | 45,724,000 | 91,000,000 | 19,785,000 | 83,000,000 | 219,000,000 | 260,000,000 | 542,000,000 | 346,000,000 | 348,000,000 | 187,000,000 | 291,000,000 | -47,000,000 | -5,648,000 | 174,694,000 | 122,655,000 | -494,886,000 | 337,951,000 | 240,280,000 | 309,291,000 | 159,308,000 | -122,509,000 | -21,105,000 | -216,017,000 | -158,541,000 | 265,736,000 | -103,804,000 | -1,635,258,000 | -343,760,000 | 966,471,000 | 116,153,000 | 18,105,000 | 263,472,000 | 723,778,000 | 223,384,000 | |||
yoy | 1.12% | 109.04% | -400.87% | -71.72% | 5.04% | -33.77% | -253.76% | -4.93% | 144.63% | -318.64% | -60.94% | -22.51% | -7.99% | -125.16% | 3.20% | 143.99% | -79.91% | -29.22% | -57.41% | -264.53% | 77.04% | 206.12% | 33.14% | -156.70% | 128.95% | -4.18% | 23.66% | 36.82% | 25.29% | 213.84% | 36.02% | 55.53% | 32.98% | -33.08% | 34.07% | 23.45% | -21.82% | 24.58% | -37.14% | 8.25% | -79.12% | -65.00% | -96.35% | -76.01% | -37.07% | 39.04% | 86.25% | -836.17% | -6261.47% | 7.04% | 137.25% | -90.50% | -101.67% | -27.30% | -60.34% | -410.65% | -375.86% | -1238.50% | -243.18% | -200.48% | -146.10% | -79.67% | -90.30% | -177.30% | -110.74% | -9132.08% | -230.47% | 33.53% | -91.90% | |||||||||
qoq | 32.06% | 71.65% | 90.61% | -76.60% | 173.00% | -347.06% | -117.92% | -13.09% | 72.12% | 473.62% | -88.92% | 123.65% | -253.83% | -202.49% | -78.02% | 165.56% | -57.94% | 320.46% | -48.05% | -78.13% | 48.19% | 153.00% | -300.71% | -123.53% | 156.22% | 10.04% | -14.52% | -5.00% | 7.24% | 42.01% | -5.42% | -13.01% | 168.61% | -38.45% | 8.15% | -25.62% | 35.17% | 23.31% | -0.42% | 96.49% | -49.75% | 359.94% | -76.16% | -62.10% | -15.77% | -52.03% | 56.65% | -0.57% | 86.10% | -35.74% | -719.15% | 732.15% | -103.23% | 42.43% | -124.78% | -246.44% | 40.65% | -22.31% | 94.15% | -230.04% | 480.47% | -90.23% | 36.25% | -159.66% | -356.00% | 375.70% | -135.57% | 732.07% | 541.55% | -93.13% | -63.60% | |||||||
preferred stock dividends | 3,555,000 | 3,803,000 | 3,994,000 | 3,972,000 | 3,956,000 | 4,367,000 | 4,648,000 | 4,628,000 | 4,653,000 | 4,726,000 | 4,642,000 | 4,274,000 | 4,063,000 | 3,466,000 | 2,531,000 | 1,757,000 | 1,275,000 | 1,177,000 | 1,166,000 | 1,192,000 | 1,201,000 | 1,734,000 | 2,058,000 | 2,478,000 | 3,464,000 | 3,885,000 | 4,153,000 | 4,331,000 | 4,468,000 | 4,199,000 | 4,124,000 | 3,920,000 | 3,397,000 | 3,137,000 | 3,028,000 | 3,974,000 | 5,575,000 | 5,506,000 | 5,316,000 | 5,243,000 | 5,139,000 | 4,989,000 | 4,913,000 | 5,000,000 | 4,933,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,052,000 | 3,878,000 | -130,176,000 | 18,787,000 | 18,711,000 | 18,678,000 | 51,014,000 | 42,627,000 | 25,800,000 | 26,395,000 | 27,316,000 | 27,474,000 | 27,391,000 | 29,025,000 | 9,622,000 | 9,274,000 | 9,156,000 | 9,093,000 | 9,258,000 | 9,221,000 | 8,787,000 | 2,875,000 | ||
net income attributable to slm corporation common stock | 304,399,000 | 229,382,000 | 131,856,000 | 67,300,000 | 300,584,000 | 107,186,000 | -49,800,000 | 247,365,000 | 285,278,000 | 163,717,000 | 24,723,000 | 260,791,000 | 114,455,000 | -80,509,000 | 72,641,000 | 340,316,000 | 127,537,000 | 305,088,000 | 71,674,000 | 139,009,000 | 640,006,000 | 430,966,000 | 168,970,000 | -87,689,000 | 358,709,000 | 137,467,000 | 124,305,000 | 145,946,000 | 153,721,000 | 143,313,000 | 99,754,000 | 105,912,000 | 122,857,000 | 43,866,000 | 73,343,000 | 66,643,000 | 89,368,000 | 64,736,000 | 51,649,000 | 51,962,000 | 60,776,000 | 84,856,000 | 40,811,000 | 86,000,000 | 15,286,000 | 78,000,000 | 214,000,000 | 255,000,000 | 538,000,000 | 341,000,000 | 343,000,000 | 183,000,000 | 287,000,000 | 6,708,750 | -513,734,000 | 319,107,000 | 221,462,000 | 258,120,000 | 116,483,000 | -148,520,000 | ||||||||||||||||||
basic earnings per common share | 1,560 | 1,130 | 640 | 320 | 1,430 | 520 | -230 | 1,130 | 1,290 | 730 | 110 | 1,110 | 470 | -270 | 290 | 1,300 | 460 | -520 | -400 | 510 | -280 | -3,990 | -850 | 2,320 | 260 | 20 | 620 | 1,740 | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||
average common shares outstanding | 195,460,000 | -1,868,000 | 207,144,000 | 209,282,000 | 210,682,000 | -1,839,000 | 214,873,000 | 218,924,000 | 220,416,000 | -2,759,000 | 226,120,000 | 235,061,000 | 241,497,000 | -4,659,000 | 251,266,000 | 261,333,000 | 276,977,000 | -9,155,000 | 299,890,000 | 312,183,000 | 361,042,000 | -2,882,000 | 375,094,000 | 375,009,000 | 409,786,000 | -2,003,000 | 424,149,000 | 429,278,000 | 434,574,000 | 179,000 | 435,468,000 | 435,187,000 | 433,952,000 | 258,000 | 431,718,000 | 431,245,000 | 429,891,000 | 165,000 | 428,077,000 | 427,942,000 | 427,111,000 | 190,000 | 426,019,000 | 427,000,000 | 436,000,000 | 440,000,000 | 451,000,000 | -7,000,000 | 464,000,000 | 482,000,000 | 511,000,000 | 523,808,000 | 526,746,000 | 121,169,500 | 484,936,000 | 484,832,000 | 484,259,000 | 2,898,000 | 470,280,000 | 466,799,000 | 466,761,000 | 17,000 | 466,646,000 | 466,649,000 | 466,580,000 | 275,000 | 412,944,000 | 411,870,000 | 411,040,000 | -407,000 | 410,034,000 | 410,957,000 | 420,924,000 | |||||
diluted earnings per common share | 1,540 | 1,110 | 630 | 320 | 1,400 | 500 | -230 | 1,110 | 1,270 | 720 | 110 | 1,100 | 470 | -270 | 290 | 1,290 | 450 | -520 | -400 | 500 | -280 | -3,950 | -850 | 1,030 | 260 | 70 | 600 | 1,520 | 490 | |||||||||||||||||||||||||||||||||||||||||||||||||
average common and common equivalent shares outstanding | 197,875,000 | -2,008,000 | 210,607,000 | 213,220,000 | 214,986,000 | -1,619,000 | 214,873,000 | 222,467,000 | 223,845,000 | -2,530,000 | 228,800,000 | 237,592,000 | 243,549,000 | -4,562,000 | 253,716,000 | 264,122,000 | 280,654,000 | -9,152,000 | 304,511,000 | 317,119,000 | 366,240,000 | -2,196,000 | 377,918,000 | 375,009,000 | 412,755,000 | -1,898,000 | 427,336,000 | 432,253,000 | 438,248,000 | 197,000 | 440,019,000 | 439,445,000 | 438,977,000 | 129,000 | 438,419,000 | 438,115,000 | 438,735,000 | 840,000 | 433,523,000 | 431,796,000 | 430,903,000 | -297,000 | 432,547,000 | 435,000,000 | 445,000,000 | 448,000,000 | 458,000,000 | -7,000,000 | 471,000,000 | 488,000,000 | 511,000,000 | 523,808,000 | 531,964,000 | 121,552,250 | 484,936,000 | 527,391,000 | 526,631,000 | 3,624,000 | 471,058,000 | 466,799,000 | 466,761,000 | 17,000 | 466,646,000 | 517,954,000 | 466,580,000 | -8,072,000 | 412,944,000 | 452,406,000 | 418,449,000 | -842,000 | 449,841,000 | 454,314,000 | 463,014,000 | |||||
declared dividends per common share | 130 | 130 | 130 | 130 | 130 | 130 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on securities | -1,652,000 | 4,876,000 | -2,641,000 | -10,378,000 | 82,000 | -3,836,000 | 2,103,000 | 2,118,000 | 690,000 | 1,490,000 | -1,213,000 | 1,711,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on derivatives and hedging activities | -5,000 | -17,000 | 44,000 | 89,000 | 28,000 | 3,751,000 | 45,672,000 | -3,635,000 | 1,961,000 | 16,736,000 | 2,763,000 | -1,581,250 | -4,949,000 | 3,892,000 | -940,000 | 1,661,000 | -3,609,000 | -4,114,000 | 1,368,000 | 2,142,000 | -354,000 | 953,000 | -547,000 | 2,000,000 | 1,004,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring expenses | 108,000 | 70,000 | 1,077,000 | 2,088,000 | 24,127,000 | 1,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 1,594,000 | 3,561,000 | 19,970,000 | 11,082,000 | 17,666,000 | 26,282,000 | 972,000 | 3,592,000 | 4,430,000 | 4,773,000 | 5,849,000 | 10,508,000 | 46,740,000 | 20,678,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to slm corporation | 655 | 240 | 450 | 1,770 | 1,130 | 450 | -230 | 880 | 320 | 290 | 340 | 350 | 320 | 230 | 240 | 280 | 100 | 170 | 150 | 210 | 160 | 120 | 120 | 140 | 200 | 100 | 200,000 | -389,570 | 180,000 | 760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to slm corporation | 647.5 | 240 | 440 | 1,750 | 1,120 | 450 | -230 | 870 | 320 | 290 | 340 | 350 | 320 | 230 | 240 | 280 | 100 | 170 | 150 | 200 | 150 | 120 | 120 | 140 | 200 | 90 | 200,000 | -379,580 | 180,000 | 740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
declared dividends per common share attributable to slm corporation | 22.5 | 30 | 30 | 30 | 30 | 60 | 30 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains (loss) on derivatives and hedging activities | 12,352,000 | -15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of securities | -1,549,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share attributable to slm corporation | 60 | 30 | 150,000 | 150,000 | 150,000 | 150,000 | 125,000 | 125,000 | 125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired intangible asset amortization expense | 69,000 | 92,000 | 92,000 | 92,000 | 118,000 | 117,000 | 117,000 | 117,000 | 159,000 | 226,000 | 261,000 | 260,000 | 277,500 | 370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on derivatives and hedging activities | -5,268,000 | -5,378,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other interest expense | 1,000 | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other reorganization expenses | -913,000 | 910,000 | 1,000,000 | 10,311,000 | 14,000,000 | 26,000,000 | 12,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 13,683,000 | 21,028,000 | 12,561,000 | 10,455,000 | 6,000,000 | 9,000,000 | 24,000,000 | 90,000,000 | 52,000,000 | 3,000,000 | -2,000,000 | 1,000,000 | 3,188,000 | 21,745,000 | 111,452,750 | 90,502,000 | 164,899,000 | 190,410,000 | 187,922,000 | 150,006,000 | 399,065,000 | 192,458,000 | 96,719,000 | 93,096,000 | 108,728,000 | 93,533,000 | 92,954,000 | 106,684,000 | 89,004,000 | 96,433,000 | 103,927,000 | 87,923,000 | 66,557,000 | 62,319,000 | ||||||||||||||||||||||||||||||||||||||||||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 95,038,000 | 93,145,000 | 84,702,000 | 94,144,000 | 91,000,000 | 88,482,000 | 87,000,000 | 396,000,000 | 273,000,000 | 286,000,000 | 274,000,000 | 268,000,000 | 251,000,000 | 247,000,000 | 292,000,000 | 276,376,000 | 312,825,000 | -855,457,000 | 999,969,000 | 364,186,000 | 354,302,000 | 320,990,000 | 322,212,000 | 319,615,000 | 306,256,000 | 286,216,000 | 377,660,000 | 400,428,000 | 376,326,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to slm corporation | 65,915,000 | 89,845,000 | 45,724,000 | 20,219,000 | 83,000,000 | 219,000,000 | 260,000,000 | 543,000,000 | 346,000,000 | 348,000,000 | 188,000,000 | 292,000,000 | 20,752,750 | -494,947,000 | 337,818,000 | 240,140,000 | 309,134,000 | 159,110,000 | -122,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: provisions for loan losses | 14,918,250 | 27,497,000 | 15,000,000 | 30,529,000 | 15,000,000 | 185,000,000 | 207,000,000 | 201,000,000 | 241,000,000 | 314,000,000 | 270,000,000 | 243,000,000 | 409,000,000 | 290,686,000 | 303,405,000 | -799,469,000 | 358,110,000 | 382,239,000 | 359,120,000 | 269,442,000 | 321,127,000 | 278,112,000 | 250,279,000 | 252,415,000 | 186,909,000 | 143,015,000 | 137,311,000 | 574,178,000 | 142,600,000 | 148,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after provisions for loan losses | 113,745,000 | 147,945,000 | 153,000,000 | 119,950,000 | 129,000,000 | 581,000,000 | 592,000,000 | 583,000,000 | 554,000,000 | 518,000,000 | 549,000,000 | 503,000,000 | 476,000,000 | 577,721,000 | 594,561,000 | -66,864,000 | 513,824,000 | 513,683,000 | 495,357,000 | 329,344,000 | 204,049,000 | 105,589,000 | -35,216,000 | -41,856,000 | 287,840,000 | 259,528,000 | 139,058,000 | -239,707,000 | 298,710,000 | 250,453,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
noninterest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total noninterest income | 27,648,750 | 9,908,000 | 89,000,000 | 12,284,000 | 96,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interest | -1,000,000 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | 90,000,000 | 49,000,000 | 72,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired intangible asset impairment and amortization expense | -710,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp loans | 646,000,000 | 698,000,000 | 703,000,000 | 735,000,000 | 792,000,000 | 840,000,000 | 777,000,000 | 858,000,000 | 849,275,000 | 877,378,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private education loans | 644,000,000 | 635,000,000 | 627,000,000 | 623,000,000 | 625,000,000 | 615,000,000 | 616,000,000 | 609,000,000 | 600,423,000 | 603,933,000 | -980,387,000 | 610,893,000 | 575,340,000 | 565,154,000 | 406,115,000 | 396,339,000 | 393,019,000 | 387,041,000 | 439,137,000 | 445,572,000 | 409,323,000 | 443,522,000 | 395,962,000 | 392,737,000 | 329,351,000 | 338,421,000 | 291,425,000 | 254,747,000 | 233,696,000 | 129,616,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other loans | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,393,000 | 5,911,000 | -49,440,000 | 7,190,000 | 7,254,000 | 8,996,000 | 10,075,000 | 11,042,000 | 18,468,000 | 16,420,000 | 18,161,000 | 19,874,000 | 21,355,000 | 23,344,000 | 25,427,000 | 25,990,000 | 26,453,000 | 27,973,000 | 26,556,000 | 24,550,000 | 23,541,000 | 20,153,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and investments | 3,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 4,000,000 | 4,743,000 | 5,339,000 | 4,719,500 | 7,630,000 | 6,299,000 | 4,949,000 | 6,168,000 | 6,881,000 | 7,044,000 | 5,971,000 | 24,773,000 | 57,154,000 | 70,521,000 | 123,816,000 | 240,846,000 | 211,303,000 | 141,524,000 | 113,904,000 | 141,155,000 | 141,083,000 | 124,954,000 | 62,049,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans and investments | 251,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on derivative and hedging activities | -8,000,000 | -127,000,000 | -31,000,000 | -28,000,000 | -233,000,000 | -241,882,000 | -34,251,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
servicing revenue | 61,000,000 | 83,000,000 | 89,000,000 | 96,000,000 | 93,000,000 | 94,000,000 | 92,000,000 | 95,000,000 | 92,600,000 | 98,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingency revenue | 111,000,000 | 104,000,000 | 109,000,000 | 99,000,000 | 95,000,000 | 85,000,000 | 87,000,000 | 84,000,000 | 85,617,000 | 78,381,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt repurchases | 19,000,000 | 23,000,000 | 43,000,000 | 44,000,000 | 20,000,000 | 323,000 | 37,903,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 170,000,000 | 69,000,000 | 510,000,000 | 277,000,000 | 255,000,000 | -7,000,000 | 203,000,000 | -300,000,000 | -328,060,000 | -5,601,000 | -811,067,000 | -139,510,000 | 384,557,000 | 255,020,000 | 700,875,000 | 351,834,000 | 44,966,000 | 288,671,000 | -41,759,000 | -171,996,000 | 562,636,000 | 70,911,000 | -1,040,944,000 | -202,045,000 | 1,220,238,000 | 519,860,000 | 203,102,000 | 551,172,000 | 1,134,154,000 | 374,098,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
salaries and benefits | 142,000,000 | 128,000,000 | 134,000,000 | 138,000,000 | 122,000,000 | 122,000,000 | 120,000,000 | 138,000,000 | 125,139,000 | 135,441,000 | 107,429,000 | 139,099,000 | 140,233,000 | 150,385,000 | 130,362,000 | 142,435,000 | 139,419,000 | 136,921,000 | 105,095,000 | 157,408,000 | 167,788,000 | 179,729,000 | 210,140,000 | 185,741,000 | 191,632,000 | 186,350,000 | 179,233,000 | 179,910,000 | 168,727,000 | 146,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and acquired intangible asset impairment and amortization expense | 4,000,000 | 4,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations, before income tax expense | 355,000,000 | 388,000,000 | 807,000,000 | 459,000,000 | -116,000,000 | -26,715,000 | 276,135,000 | -22,474,000 | -625,655,000 | 534,054,000 | 396,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 219,000,000 | 252,000,000 | 507,000,000 | 347,000,000 | 187,000,000 | 291,000,000 | -70,000,000 | -17,130,000 | 176,424,000 | -27,134,000 | -498,097,000 | 337,951,000 | 240,280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax expense | 8,000,000 | 35,000,000 | 23,000,000 | 11,482,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to slm corporation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 500,000 | 560,000 | 1,140,000 | 740,000 | 390,000 | 590,000 | -140,000 | -40 | 320 | 229,950 | -1,070 | 660 | 460 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 20,000 | 80,000 | 40,000 | 20 | 329,990 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 500,000 | 580,000 | 1,220,000 | 740,000 | 390,000 | 590,000 | -100,000 | -20 | 320 | 559,940 | -1,060 | 660 | 460 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to slm corporation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on derivative and hedging activities | 18,000,000 | 6,000,000 | -480,000,000 | -509,788,000 | -82,888,000 | -344,458,000 | 95,316,000 | -82,410,000 | -35,209,000 | -111,556,000 | -561,795,000 | 104,025,000 | -292,903,000 | -241,757,000 | 362,043,000 | -272,796,000 | -1,337,703,000 | -487,478,000 | 821,566,000 | -356,969,000 | -244,521,000 | -130,855,000 | 122,719,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and acquired intangible assets impairment and amortization expense | 4,000,000 | 14,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 6,063,000 | 6,064,000 | -66,090,000 | 669,668,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income tax expense | 232,000,000 | 291,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans and securities | 34,255,000 | 1,607,000 | -3,515,000 | 8,653,000 | 271,084,000 | 12,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stock | -52,000,000 | -9,700,000 | 170,816,000 | -243,333,000 | -186,015,000 | 238,345,000 | -132,829,000 | -1,644,880,000 | -353,034,000 | 957,315,000 | 107,060,000 | 8,847,000 | 254,251,000 | 714,991,000 | 220,509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 100,000 | 100 | 250 | 250 | 250 | 250 | 190 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax benefit | -1,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp stafford and other student loans | 232,178,250 | 320,234,000 | 325,042,000 | 283,437,000 | 241,640,000 | 303,192,000 | 323,939,000 | 342,816,000 | 516,204,000 | 516,116,000 | 497,598,000 | 464,476,000 | 553,313,000 | 545,618,000 | 511,300,000 | 450,762,000 | 408,727,000 | 364,621,000 | 337,090,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp consolidation loans | 409,707,750 | 564,586,000 | 550,920,000 | 523,325,000 | 450,551,000 | 481,592,000 | 460,690,000 | 489,362,000 | 741,806,000 | 830,566,000 | 769,664,000 | 836,656,000 | 1,095,565,000 | 1,145,473,000 | 1,087,254,000 | 1,014,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securitization servicing and residual interest revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingency fee revenue | 63,059,500 | 83,746,000 | 88,181,000 | 80,311,000 | 65,500,000 | 82,200,000 | 73,368,000 | 74,815,000 | 81,626,000 | 89,418,000 | 83,790,000 | 85,306,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections revenue | 13,070,500 | 13,097,000 | 17,219,000 | 21,966,000 | 34,834,000 | 15,580,000 | 22,068,000 | -21,330,000 | 23,050,000 | -170,692,000 | 26,365,000 | 57,239,000 | 76,105,000 | 52,788,000 | 77,092,000 | 65,562,000 | 57,878,000 | 57,913,000 | 67,357,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guarantor servicing fees | 18,635,750 | 15,996,000 | 22,457,000 | 36,090,000 | 28,695,000 | 48,087,000 | 24,772,000 | 34,008,000 | 26,199,000 | 36,848,000 | 23,663,000 | 34,653,000 | 40,980,000 | 45,935,000 | 30,273,000 | 39,241,000 | 33,089,000 | 38,848,000 | 33,256,000 | 32,540,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 802,750 | 3,211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest | 83,500 | 61,000 | 133,000 | 140,000 | 157,000 | 198,000 | 211,000 | 281,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to slm corporation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations, net of tax | 19,950,000 | -498,158,000 | 337,818,000 | 240,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of tax | 802,750 | 3,211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to slm corporation common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to slm corporation common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share attributable to slm corporation common shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
servicing and securitization revenue | 148,049,000 | 155,065,000 | 87,488,000 | -95,305,000 | 87,557,000 | 64,990,000 | 1,630,000 | 107,642,000 | 23,289,000 | 28,883,000 | 132,987,000 | 251,938,000 | 184,686,000 | 187,082,000 | 82,842,000 | 142,961,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before income tax benefit | 2,952,500 | 233,671,000 | -169,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -971,000 | 74,363,000 | -31,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share attributable to slm corporation common shareholders | -42.5 | 250 | -320 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to slm corporation common shareholders | -42.5 | 250 | -320 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of loans and securities | -64,007,000 | -43,899,000 | -43,583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income tax benefit | -52,801,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to slm corporation | -21,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to slm corporation common stock | -47,781,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per common share attributable to slm corporation common shareholders | -100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per common share attributable to slm corporation common shareholders | -100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on student loan securitizations | 367,300,000 | 201,132,000 | 671,262,000 | 49,894,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interest in net earnings of subsidiaries | -369,831,000 | -261,816,000 | 421,736,000 | -166,357,000 | -1,721,625,000 | -259,234,000 | 1,071,891,000 | 427,172,000 | 130,320,000 | 468,257,000 | 1,106,961,000 | 412,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest in net earnings of subsidiaries | -215,490,000 | -157,997,000 | 268,662,000 | -103,869,000 | -1,634,721,000 | -343,683,000 | 967,167,000 | 117,158,000 | 18,568,000 | 264,571,000 | 725,133,000 | 225,578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net earnings of subsidiaries | 527,000 | 544,000 | 2,926,000 | -65,000 | 537,000 | 77,000 | 696,000 | 1,005,000 | 463,000 | 1,099,000 | 1,355,000 | 2,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on loans and securities | -34,666,000 | -28,441,000 | -25,163,000 | -10,921,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt management fees | 60,966,250 | 76,306,000 | 80,237,000 | 87,322,000 | 92,501,000 | 122,556,000 | 90,161,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 124,796,750 | 84,449,000 | 104,724,000 | 310,014,000 | 111,752,000 | 203,686,000 | 381,828,000 | 186,466,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: provisions for losses | 150,330,000 | 92,005,000 | 67,242,000 | 67,396,000 | 46,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after provisions for losses | 263,486,000 | 279,965,000 | 270,579,000 | 289,409,000 | 300,237,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidation loans | 644,754,250 | 916,091,000 | 841,591,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt | 40,543,000 | 57,414,000 | 55,523,000 | 30,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 874,487,500 | 1,305,857,000 | 1,148,544,000 | 534,006,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federally insured student loans | 699,154,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt management fees and collections revenue | 120,635,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-03-31 | 2012-12-31 | 2012-06-30 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2008-01-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2005-12-31 | 2005-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 5,157,453,000 | 4,241,265,000 | 3,539,341,000 | 4,092,465,000 | 3,695,076,000 | 4,700,366,000 | 4,489,539,000 | 5,262,448,000 | 3,584,013,000 | 4,149,838,000 | 3,548,225,000 | 3,875,758,000 | 3,716,379,000 | 4,616,117,000 | 4,846,754,000 | 3,649,651,000 | 3,262,595,000 | 4,334,603,000 | 2,717,752,000 | 4,497,310,000 | 6,207,001,000 | 4,455,292,000 | 4,351,045,000 | 4,988,961,000 | 7,292,929,000 | 5,563,877,000 | 3,851,608,000 | 3,998,514,000 | 2,156,257,000 | 2,559,106,000 | 1,839,054,000 | 2,043,789,000 | 1,435,649,000 | 1,534,339,000 | 1,247,764,000 | 1,318,168,000 | 1,077,576,000 | 1,918,793,000 | 1,454,938,000 | 1,042,915,000 | 938,480,000 | 2,416,219,000 | 1,281,797,000 | 1,278,863,000 | 875,622,000 | 2,359,780,000 | 1,570,378,000 | 1,524,176,000 | 3,742,000,000 | 3,685,000,000 | 3,900,000,000 | 3,020,000,000 | 3,523,000,000 | 4,144,734,000 | 4,342,327,000 | 5,875,510,000 | 6,267,039,000 | 6,840,902,000 | 6,070,013,000 | 5,186,998,000 | 6,139,957,000 | 3,063,801,000 | 4,070,002,000 | 3,895,854,000 | 5,123,201,000 | 3,822,028,000 | 4,070,002,000 | 7,582,031,000 | 7,794,954,000 | 2,680,223,000 | 3,679,108,000 | 2,621,222,000 | 2,389,752,000 | 3,387,616,000 | 735,869,000 | ||
investments: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading investments at fair value | 45,817,000 | 49,250,000 | 51,963,000 | 49,600,000 | 53,732,000 | 53,262,000 | 54,840,000 | 60,473,000 | 58,166,000 | 54,481,000 | 52,561,000 | 52,146,000 | 51,342,000 | 55,903,000 | 52,450,000 | 47,707,000 | 38,820,000 | 37,465,000 | 36,792,000 | 35,908,000 | 30,594,000 | 16,923,000 | 14,651,000 | 14,261,000 | 11,360,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale investments at fair value | 1,744,224,000 | 1,758,070,000 | 1,775,784,000 | 1,650,656,000 | 1,656,977,000 | 1,933,226,000 | 2,022,605,000 | 2,283,262,000 | 2,271,108,000 | 2,411,622,000 | 2,315,978,000 | 2,372,846,000 | 2,311,062,000 | 2,342,089,000 | 2,427,540,000 | 2,566,556,000 | 2,341,551,000 | 2,517,956,000 | 2,505,372,000 | 2,072,309,000 | 2,115,885,000 | 1,996,634,000 | 2,090,707,000 | 2,020,948,000 | 614,582,000 | 487,669,000 | 455,968,000 | 331,541,000 | 207,907,000 | 176,245,000 | 172,370,000 | 178,145,000 | 229,114,000 | 244,088,000 | 232,549,000 | 229,479,000 | 216,896,000 | 208,603,000 | 213,176,000 | 206,785,000 | 203,597,000 | 195,391,000 | 190,944,000 | 173,845,000 | 170,831,000 | 168,934,000 | 153,893,000 | 149,399,000 | |||||||||||||||||||||||||||||
other investments | 112,442,000 | 115,394,000 | 117,211,000 | 95,060,000 | 97,960,000 | 112,377,000 | 114,210,000 | 107,064,000 | 89,765,000 | 91,567,000 | 94,068,000 | 95,771,000 | 98,067,000 | 94,716,000 | 136,803,000 | 137,580,000 | 139,108,000 | 140,037,000 | 140,725,000 | 141,400,000 | 79,679,000 | 80,794,000 | 81,231,000 | 81,967,000 | 82,853,000 | 84,420,000 | 85,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total investments | 1,902,483,000 | 1,922,714,000 | 1,944,958,000 | 1,795,316,000 | 1,808,669,000 | 2,098,865,000 | 2,191,655,000 | 2,450,799,000 | 2,419,039,000 | 2,557,670,000 | 2,462,607,000 | 2,520,763,000 | 2,460,471,000 | 2,492,708,000 | 2,616,793,000 | 2,751,843,000 | 2,519,479,000 | 2,695,458,000 | 2,682,889,000 | 2,249,617,000 | 2,226,158,000 | 2,094,351,000 | 2,186,589,000 | 2,117,176,000 | 708,795,000 | 572,089,000 | 541,468,000 | 787,000,000 | 1,006,000,000 | 1,082,000,000 | 1,103,000,000 | 1,427,000,000 | 1,139,409,000 | 956,424,000 | 1,117,111,000 | 1,413,077,000 | 1,401,059,000 | 2,013,828,000 | 1,834,810,000 | 2,072,482,000 | 684,391,000 | 1,041,405,000 | 1,117,729,000 | 2,789,681,000 | 1,496,478,000 | 1,041,405,000 | 2,964,380,000 | 4,245,047,000 | 1,885,383,000 | 2,437,060,000 | 2,563,451,000 | 1,858,887,000 | 2,816,846,000 | 2,499,165,000 | |||||||||||||||||||||||
loans held for investment | 19,886,735,000 | 20,332,124,000 | 21,615,067,000 | 21,160,332,000 | 21,091,204,000 | 20,902,158,000 | 20,459,933,000 | 18,915,333,000 | 20,200,789,000 | 20,306,357,000 | 20,899,181,000 | 19,219,518,000 | 21,087,563,000 | 19,626,868,000 | 19,622,302,000 | 19,201,328,000 | 21,291,675,000 | 20,341,283,000 | 21,281,527,000 | 20,115,144,000 | 20,368,287,000 | 19,183,143,000 | 21,709,771,000 | 21,163,931,000 | 21,695,851,000 | 24,667,792,000 | 24,716,664,000 | 23,268,646,000 | 23,498,386,000 | 22,270,919,000 | 21,978,903,000 | 20,308,581,000 | 20,166,604,000 | 18,567,641,000 | 18,040,465,000 | 16,560,426,000 | 16,562,210,000 | 15,137,922,000 | 14,760,504,000 | 13,245,426,000 | 13,108,425,000 | 11,630,591,000 | 11,909,148,000 | 10,422,908,000 | 10,909,014,000 | 9,509,786,000 | 9,095,373,000 | 8,793,971,000 | |||||||||||||||||||||||||||||
loans held for sale | 236,049,000 | 933,256,000 | 485,701,000 | 26,202,000 | 29,448,000 | 28,880,000 | 2,885,640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 223,923,000 | 177,263,000 | 193,143,000 | 163,761,000 | 173,485,000 | 173,894,000 | 170,984,000 | 142,230,000 | 147,809,000 | 149,669,000 | 175,061,000 | 150,585,000 | 181,764,000 | 156,719,000 | 177,917,000 | 147,104,000 | 187,960,000 | 210,741,000 | 175,473,000 | 163,955,000 | 164,708,000 | 154,417,000 | 162,448,000 | 115,192,000 | 189,439,000 | 156,883,000 | 142,846,000 | 141,441,000 | 153,552,000 | 122,789,000 | 115,658,000 | 114,659,000 | 120,084,000 | ||||||||||||||||||||||||||||||||||||||||||||
other interest-earning assets | 101,000 | 120,000 | 838,000 | 2,102,000 | 3,383,000 | 4,880,000 | 5,820,000 | 6,362,000 | 7,572,000 | 9,229,000 | 11,087,000 | 11,952,000 | 13,031,000 | 11,162,000 | 11,025,000 | 10,183,000 | 9,327,000 | 9,655,000 | 11,890,000 | 18,115,000 | 23,592,000 | 42,874,000 | 53,808,000 | 74,902,000 | 92,968,000 | 52,564,000 | 74,670,000 | 65,187,000 | 31,921,000 | 27,157,000 | 32,071,000 | 28,385,000 | 31,637,000 | 21,586,000 | 31,303,000 | 48,526,000 | 50,342,000 | 49,114,000 | 47,283,000 | 53,555,000 | 58,451,000 | 54,845,000 | 47,604,000 | 55,260,000 | 62,383,000 | 77,283,000 | 52,191,000 | 45,417,000 | |||||||||||||||||||||||||||||
accrued interest receivable | 1,532,051,000 | 1,562,811,000 | 1,690,102,000 | 1,695,698,000 | 1,553,979,000 | 1,546,590,000 | 1,537,594,000 | 1,391,081,000 | 1,386,487,000 | 1,379,904,000 | 1,457,323,000 | 1,300,136,000 | 1,331,017,000 | 1,202,059,000 | 1,223,647,000 | 1,192,610,000 | 1,259,145,000 | 1,205,667,000 | 1,403,146,000 | 1,323,448,000 | 1,264,960,000 | 1,387,305,000 | 1,472,602,000 | 1,392,677,000 | 1,281,746,000 | 1,392,725,000 | 1,510,458,000 | 1,401,618,000 | 1,299,496,000 | 1,191,981,000 | 1,270,026,000 | 1,161,161,000 | 1,063,449,000 | 967,482,000 | 1,019,735,000 | 926,270,000 | 838,461,000 | 766,106,000 | 805,647,000 | 719,875,000 | 650,813,000 | 564,496,000 | 634,423,000 | 562,239,000 | 541,355,000 | 469,697,000 | 453,522,000 | 453,461,000 | |||||||||||||||||||||||||||||
premises and equipment | 121,546,000 | 122,193,000 | 119,286,000 | 117,821,000 | 117,426,000 | 119,354,000 | 122,972,000 | 126,440,000 | 127,414,000 | 129,501,000 | 132,622,000 | 134,895,000 | 137,890,000 | 140,728,000 | 144,031,000 | 146,814,000 | 148,154,000 | 150,516,000 | 153,334,000 | 153,969,000 | 155,425,000 | 154,670,000 | 148,773,000 | 147,738,000 | 143,622,000 | 134,749,000 | 135,208,000 | 129,658,000 | 130,536,000 | 105,504,000 | 105,058,000 | 101,335,000 | 97,211,000 | 89,748,000 | 88,975,000 | 88,978,000 | 87,982,000 | 87,063,000 | 86,721,000 | 86,512,000 | 81,261,000 | 81,273,000 | 80,224,000 | 80,432,000 | 79,822,000 | 78,470,000 | 78,806,000 | 77,833,000 | |||||||||||||||||||||||||||||
goodwill and acquired intangible assets | 59,234,000 | 59,974,000 | 60,767,000 | 61,612,000 | 62,510,000 | 63,532,000 | 64,877,000 | 66,102,000 | 67,496,000 | 68,711,000 | 127,723,000 | 113,756,000 | 116,001,000 | 118,273,000 | 120,570,000 | 122,850,000 | 125,267,000 | 421,000,000 | 444,000,000 | 448,000,000 | 467,000,000 | 484,000,000 | 479,917,000 | 478,409,000 | 488,220,000 | 1,157,888,000 | 1,167,599,000 | 1,177,310,000 | 1,224,272,000 | 1,233,871,000 | 1,239,556,000 | 1,249,219,000 | 1,259,541,000 | 1,304,941,000 | 1,319,723,000 | 1,249,219,000 | 1,300,689,000 | 1,354,141,000 | 1,356,620,000 | 1,364,016,000 | 1,371,606,000 | 1,333,123,000 | 1,080,703,000 | 39 | 1,014,986,000 | ||||||||||||||||||||||||||||||||
income taxes receivable | 261,310,000 | 347,260,000 | 405,082,000 | 454,837,000 | 338,292,000 | 425,625,000 | 428,778,000 | 351,126,000 | 277,733,000 | 366,247,000 | 409,658,000 | 325,063,000 | 337,177,000 | 380,058,000 | 305,836,000 | 225,073,000 | 215,217,000 | 239,578,000 | 320,136,000 | 349,107,000 | 169,655,000 | 374,706,000 | 505,208,000 | 340,779,000 | 286,006,000 | 88,844,000 | 108,743,000 | 93,489,000 | 41,570,000 | 22,102,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other assets | 28,706,000 | 47,315,000 | 36,838,000 | 58,973,000 | 55,160,000 | 36,846,000 | 54,914,000 | 56,923,000 | 58,930,000 | 52,342,000 | 46,787,000 | 53,075,000 | 43,548,000 | 34,073,000 | 32,941,000 | 43,049,000 | 24,855,000 | 26,351,000 | 32,506,000 | 41,668,000 | 32,541,000 | 19,533,000 | 23,921,000 | 42,629,000 | 41,812,000 | 29,398,000 | 40,324,000 | 116,207,000 | 92,446,000 | 103,695,000 | 101,000,000 | 99,651,000 | 93,332,000 | 84,853,000 | 74,258,000 | 45,841,000 | 47,855,000 | 52,153,000 | 62,545,000 | 80,239,000 | 70,493,000 | 55,482,000 | 77,980,000 | 70,019,000 | 64,485,000 | 64,757,000 | 53,375,000 | 60,643,000 | 6,936,000,000 | 7,463,000,000 | 8,273,000,000 | 8,485,000,000 | 9,447,000,000 | 10,129,933,000 | 8,970,272,000 | 10,653,449,000 | 8,584,404,000 | 9,767,040,000 | 9,500,358,000 | 11,299,006,000 | 10,025,129,000 | 9,698,331,000 | 11,140,777,000 | 10,399,220,000 | 12,907,154,000 | 13,335,811,000 | 11,140,777,000 | 10,747,107,000 | 8,835,025,000 | 7,327,108,000 | 6,102,275,000 | 5,585,943,000 | 4,605,014,000 | 4,650,851,000 | -579 | 4,075,267,000 | |
total assets | 29,409,591,000 | 29,746,295,000 | 29,605,422,000 | 29,602,917,000 | 28,899,184,000 | 30,072,110,000 | 30,012,767,000 | 28,768,844,000 | 28,277,282,000 | 29,169,468,000 | 29,273,219,000 | 27,708,403,000 | 29,453,901,000 | 28,811,029,000 | 29,139,088,000 | 27,498,773,000 | 29,051,829,000 | 29,221,899,000 | 28,791,139,000 | 28,925,175,000 | 30,628,005,000 | 30,770,423,000 | 30,642,421,000 | 30,412,110,000 | 31,760,895,000 | 32,686,479,000 | 31,160,215,000 | 29,585,226,000 | 27,613,625,000 | 26,638,173,000 | 25,691,183,000 | 24,189,176,000 | 23,406,322,000 | 21,779,584,000 | 21,016,170,000 | 19,513,296,000 | 19,236,501,000 | 18,533,003,000 | 17,745,613,000 | 15,629,929,000 | 15,324,773,000 | 15,214,098,000 | 14,450,544,000 | 12,874,961,000 | 12,933,524,000 | 12,972,243,000 | 11,714,952,000 | 11,379,339,000 | 156,472,000,000 | 174,086,000,000 | 181,260,000,000 | 189,079,000,000 | 197,544,000,000 | 200,356,599,000 | 201,012,000,000 | 205,307,049,000 | 206,106,774,000 | 207,318,712,000 | 207,513,085,000 | 169,985,298,000 | 186,443,924,000 | 181,183,795,000 | 171,551,311,000 | 168,768,437,000 | 164,991,094,000 | 163,562,241,000 | 159,172,992,000 | 168,768,437,000 | 155,564,991,000 | 150,815,390,000 | 132,802,282,000 | 126,876,466,000 | 116,135,732,000 | 107,052,697,000 | 101,906,665,000 | 15,245 | 83,796,953,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 20,525,486,000 | 21,060,151,000 | 20,012,108,000 | 20,481,952,000 | 20,073,168,000 | 21,068,568,000 | 21,445,457,000 | 20,744,030,000 | 20,903,456,000 | 21,653,188,000 | 21,550,745,000 | 20,361,485,000 | 21,803,666,000 | 21,448,071,000 | 21,276,748,000 | 19,979,721,000 | 21,194,026,000 | 20,828,124,000 | 20,890,860,000 | 21,124,376,000 | 22,803,143,000 | 22,666,039,000 | 23,109,923,000 | 23,592,119,000 | 24,445,614,000 | 24,283,983,000 | 22,628,677,000 | 21,178,134,000 | 19,663,986,000 | 18,943,158,000 | 17,873,293,000 | 16,745,957,000 | 16,498,646,000 | 15,505,383,000 | 15,034,052,000 | 13,794,815,000 | 13,361,871,000 | 13,435,667,000 | 12,941,345,000 | 11,900,083,000 | 11,543,355,000 | 11,487,707,000 | 10,610,879,000 | 10,340,605,000 | 10,467,753,000 | 10,540,555,000 | 9,173,022,000 | 8,890,209,000 | |||||||||||||||||||||||||||||
short-term borrowings | 498,889,000 | 498,415,000 | 199,583,000 | 199,379,000 | 289,230,000 | 297,800,000 | 300,000,000 | 350,000,000 | 526,500,000 | 500,175,000 | 710,005,000 | 11,626,000,000 | 17,254,000,000 | 19,856,000,000 | 24,493,000,000 | 31,745,000,000 | 30,765,693,000 | 33,076,900,000 | 33,615,856,000 | 45,388,432,000 | 46,472,435,000 | 41,102,389,000 | 30,896,811,000 | 53,406,554,000 | 47,331,576,000 | 37,191,756,000 | 38,095,928,000 | 35,947,407,000 | 33,008,374,000 | 9,758,465,000 | 4,428,980,000 | 3,528,263,000 | 3,669,842,000 | 3,801,266,000 | 1,603 | 5,516,177,000 | |||||||||||||||||||||||||||||||||||||||||
long-term borrowings | 5,670,293,000 | 5,362,494,000 | 6,838,995,000 | 6,410,978,000 | 6,147,473,000 | 6,440,345,000 | 6,036,527,000 | 5,403,012,000 | 4,976,882,000 | 5,227,512,000 | 5,515,532,000 | 5,213,698,000 | 5,513,976,000 | 5,235,114,000 | 5,522,311,000 | 5,219,310,000 | 5,552,497,000 | 5,930,990,000 | 5,219,748,000 | 4,989,060,000 | 4,918,670,000 | 5,189,217,000 | 4,947,647,000 | 4,449,767,000 | 4,708,036,000 | 4,354,037,000 | 4,601,888,000 | 4,862,763,000 | 4,476,406,000 | 4,284,304,000 | 4,532,221,000 | 4,217,119,000 | 3,744,345,000 | 3,275,270,000 | 2,738,662,000 | 2,872,231,000 | 2,837,347,000 | 2,167,979,000 | 1,577,689,000 | 1,038,029,000 | 558,513,000 | 579,101,000 | 593,687,000 | 136,177,000,000 | 147,887,000,000 | 152,401,000,000 | 155,476,000,000 | 156,810,000,000 | 160,765,277,000 | 1,595,691,320,000 | 163,543,504,000 | 153,003,935,000 | 152,250,912,000 | 157,983,266,000 | 130,546,272,000 | 124,647,818,000 | 125,880,044,000 | 116,669,381,000 | 118,224,794,000 | 118,069,878,000 | 117,920,836,000 | 112,485,060,000 | 118,224,794,000 | 111,098,144,000 | 108,860,988,000 | 114,365,577,000 | 114,070,797,000 | 104,558,531,000 | 94,816,563,000 | 90,506,785,000 | 12,204 | ||||||
other liabilities | 277,291,000 | 373,877,000 | 413,021,000 | 335,000,000 | 277,687,000 | 403,277,000 | 397,033,000 | 338,564,000 | 283,205,000 | 407,971,000 | 407,718,000 | 326,856,000 | 309,164,000 | 400,874,000 | 357,801,000 | 322,932,000 | 261,099,000 | 313,074,000 | 349,687,000 | 308,982,000 | 297,728,000 | 352,332,000 | 384,405,000 | 353,305,000 | 299,559,000 | 254,731,000 | 256,010,000 | 246,337,000 | 214,908,000 | 224,951,000 | 219,158,000 | 187,398,000 | 175,316,000 | 179,310,000 | 180,118,000 | 121,078,000 | 118,427,000 | 141,934,000 | 157,980,000 | 154,875,000 | 146,171,000 | 108,746,000 | 137,420,000 | 102,750,000 | 120,409,000 | 117,227,000 | 143,790,000 | 126,239,000 | 3,071,000,000 | 3,791,000,000 | 3,937,000,000 | 4,172,000,000 | 4,207,000,000 | 3,814,390,000 | 3,136,111,000 | 3,140,330,000 | 3,508,617,000 | 3,671,734,000 | 3,263,593,000 | 3,400,527,000 | 3,120,636,000 | 3,586,610,000 | 3,604,260,000 | 3,297,998,000 | 2,905,165,000 | 3,377,229,000 | 3,604,260,000 | 3,284,545,000 | 3,934,267,000 | 3,320,098,000 | 3,990,878,000 | 3,679,781,000 | 4,053,931,000 | 3,229,477,000 | 811 | 2,901,843,000 | |
total liabilities | 26,971,959,000 | 27,294,937,000 | 27,264,124,000 | 27,227,930,000 | 26,498,328,000 | 27,912,190,000 | 27,879,017,000 | 26,485,606,000 | 26,163,543,000 | 27,288,671,000 | 27,473,995,000 | 25,902,039,000 | 27,626,806,000 | 27,084,059,000 | 27,156,860,000 | 25,521,963,000 | 27,007,622,000 | 27,072,188,000 | 26,659,878,000 | 26,621,797,000 | 28,019,541,000 | 28,207,588,000 | 28,441,975,000 | 28,395,191,000 | 29,640,312,000 | 29,374,643,000 | 27,977,083,000 | 26,487,910,000 | 24,566,091,000 | 23,665,517,000 | 22,850,848,000 | 21,460,474,000 | 20,796,489,000 | 19,305,328,000 | 18,594,330,000 | 17,175,586,000 | 16,801,145,000 | 16,185,945,000 | 15,486,117,000 | 13,433,018,000 | 13,180,848,000 | 13,117,775,000 | 12,453,210,000 | 10,912,788,000 | 11,067,611,000 | 11,142,285,000 | 9,896,524,000 | 9,641,075,000 | 150,874,000,000 | 168,932,000,000 | 176,194,000,000 | 184,141,000,000 | 192,762,000,000 | 195,345,360,000 | 200,295,471,000 | 201,532,697,000 | 202,231,964,000 | 202,757,389,000 | 164,706,676,000 | 181,454,899,000 | 176,332,256,000 | 166,587,452,000 | 163,762,097,000 | 159,635,429,000 | 158,017,757,000 | 153,958,217,000 | 163,762,097,000 | 150,330,096,000 | 145,803,629,000 | 127,444,140,000 | 122,490,655,000 | 111,766,575,000 | 102,540,336,000 | 97,537,528,000 | 14,618 | 80,659,102,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | 251,070,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 89,086,000 | 88,650,000 | 88,637,000 | 88,592,000 | 88,566,000 | 88,121,000 | 88,106,000 | 88,056,000 | 88,032,000 | 87,647,000 | 87,639,000 | 87,599,000 | 87,530,000 | 87,025,000 | 87,022,000 | 87,021,000 | 86,922,000 | 86,403,000 | 86,403,000 | 86,302,000 | 86,211,000 | 91,346,000 | 91,319,000 | 91,317,000 | 91,288,000 | 90,720,000 | 90,707,000 | 90,702,000 | 90,666,000 | 89,972,000 | 89,962,000 | 89,882,000 | 89,805,000 | 88,693,000 | 88,458,000 | 88,373,000 | 88,075,000 | 87,327,000 | 86,881,000 | 86,769,000 | 86,684,000 | 86,136,000 | 86,075,000 | 86,003,000 | 85,587,000 | 84,961,000 | 84,777,000 | 84,659,000 | 110,000,000 | 108,000,000 | 107,000,000 | 107,000,000 | 106,000,000 | 105,725,000 | 119,053,000 | 110,758,000 | 110,715,000 | 110,682,000 | 110,444,000 | 108,362,000 | 106,969,000 | 106,940,000 | 106,883,000 | 106,884,000 | 106,802,000 | 106,736,000 | 106,883,000 | 106,499,000 | 87,932,000 | 87,219,000 | 86,918,000 | 86,623,000 | 86,318,000 | 86,151,000 | 96,984,000 | ||
additional paid-in capital | 1,224,442,000 | 1,240,250,000 | 1,231,189,000 | 1,218,580,000 | 1,209,017,000 | 1,193,753,000 | 1,185,187,000 | 1,173,735,000 | 1,163,838,000 | 1,148,689,000 | 1,140,599,000 | 1,129,537,000 | 1,121,082,000 | 1,109,072,000 | 1,101,761,000 | 1,095,296,000 | 1,086,852,000 | 1,074,384,000 | 1,068,059,000 | 1,058,698,000 | 1,052,904,000 | 1,331,247,000 | 1,243,482,000 | 1,234,450,000 | 1,226,886,000 | 1,307,630,000 | 1,301,628,000 | 1,296,409,000 | 1,290,683,000 | 1,274,635,000 | 1,268,763,000 | 1,260,201,000 | 1,252,609,000 | 1,222,277,000 | 1,213,198,000 | 1,205,037,000 | 1,191,466,000 | 1,175,564,000 | 1,157,248,000 | 1,149,783,000 | 1,142,502,000 | 1,135,860,000 | 1,128,494,000 | 1,120,923,000 | 1,106,415,000 | 1,090,511,000 | 1,078,501,000 | 1,071,916,000 | 4,461,000,000 | 4,291,000,000 | 4,237,000,000 | 4,196,000,000 | 4,127,000,000 | 4,114,266,000 | 5,939,838,000 | 5,127,313,000 | 5,122,583,000 | 5,106,094,000 | 5,090,891,000 | 4,862,071,000 | 4,709,053,000 | 4,694,155,000 | 4,684,112,000 | 4,665,614,000 | 4,637,731,000 | 4,610,278,000 | 4,684,112,000 | 4,590,174,000 | 2,847,748,000 | 2,721,554,000 | 2,638,334,000 | 2,565,211,000 | 2,490,851,000 | 2,440,565,000 | 1,969,881,000 | ||
accumulated other comprehensive loss | -38,049,000 | -40,128,000 | -45,167,000 | -60,833,000 | -55,631,000 | -65,861,000 | -50,339,000 | -78,809,000 | -77,291,000 | -75,104,000 | -101,315,000 | -83,564,000 | -78,333,000 | -93,870,000 | -93,477,000 | -63,999,000 | -39,514,000 | -17,897,000 | -19,703,000 | -21,640,000 | -24,077,000 | -34,200,000 | -38,941,000 | -44,071,000 | -4,417,000 | -7,852,000 | -6,691,000 | -8,671,000 | -27,813,000 | -33,853,000 | -29,269,000 | -16,059,000 | -23,515,000 | -11,448,000 | -20,584,000 | -11,393,000 | -4,000,000 | -6,000,000 | -10,000,000 | -20,000,000 | -29,636,000 | -44,664,000 | -44,159,000 | -43,333,000 | -42,511,000 | -40,825,000 | -44,143,000 | -48,683,000 | -70,450,000 | ||||||||||||||||||||||||||||
retained earnings | 5,010,721,000 | 4,734,313,000 | 4,531,160,000 | 4,426,222,000 | 4,386,169,000 | 4,114,446,000 | 4,034,640,000 | 4,107,980,000 | 3,884,694,000 | 3,624,859,000 | 3,485,575,000 | 3,485,732,000 | 3,250,478,000 | 3,163,640,000 | 3,270,896,000 | 3,225,610,000 | 2,913,544,000 | 2,817,134,000 | 2,543,411,000 | 2,480,672,000 | 2,350,986,000 | 1,722,365,000 | 1,302,654,000 | 1,133,269,000 | 1,243,722,000 | 1,850,512,000 | 1,725,674,000 | 1,600,855,000 | 1,480,718,000 | 1,340,017,000 | 1,196,895,000 | 1,096,359,000 | 990,447,000 | 868,182,000 | 824,316,000 | 750,973,000 | 684,165,000 | 595,322,000 | 530,594,000 | 478,947,000 | 426,986,000 | 366,609,000 | 281,761,000 | 240,967,000 | 154,824,000 | 113,066,000 | 98,210,000 | 20,167,000 | 2,733,000,000 | 1,723,000,000 | 1,451,000,000 | 1,040,000,000 | 315,000,000 | 417,702,000 | 308,839,000 | -122,565,000 | 391,169,000 | 72,062,000 | 604,467,000 | 346,347,000 | 229,865,000 | 378,387,000 | 426,175,000 | 669,509,000 | 855,527,000 | 617,184,000 | 426,175,000 | 557,204,000 | 2,437,639,000 | 2,790,674,000 | 1,833,359,000 | 1,834,718,000 | 1,928,204,000 | 1,775,948,000 | 2,662,316,000 | ||
total slm corporation stockholders’ equity before treasury stock | 6,537,270,000 | 6,274,155,000 | 6,056,889,000 | 5,923,631,000 | 5,879,191,000 | 5,581,529,000 | 5,508,664,000 | 5,542,032,000 | 5,310,343,000 | 5,037,161,000 | 4,863,568,000 | 4,870,374,000 | 4,631,827,000 | 4,516,937,000 | 4,617,272,000 | 4,594,998,000 | 4,298,874,000 | 4,211,094,000 | 3,929,240,000 | 3,855,102,000 | 3,717,094,000 | 3,361,828,000 | 2,998,514,000 | 2,814,965,000 | 2,918,622,000 | 3,636,495,000 | 3,497,826,000 | 3,374,387,000 | 3,264,244,000 | 3,115,247,000 | 2,982,632,000 | 2,869,658,000 | 2,748,462,000 | 2,581,900,000 | 2,521,555,000 | 2,436,531,000 | 2,522,015,000 | 2,414,542,000 | 2,311,910,000 | 7,876,000,000 | 6,683,000,000 | 6,354,000,000 | 5,898,000,000 | 5,093,000,000 | 5,173,057,000 | 6,888,066,000 | 6,446,717,000 | 6,956,504,000 | 6,621,697,000 | 7,140,347,000 | 6,850,007,000 | 6,711,974,000 | 6,823,802,000 | ||||||||||||||||||||||||
less: common stock held in treasury at cost: 256.8 million and 244.0 million shares, respectively | -4,099,638,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 2,437,632,000 | 2,451,358,000 | 2,341,298,000 | 2,374,987,000 | 2,400,856,000 | 2,159,920,000 | 2,133,750,000 | 2,283,238,000 | 2,113,739,000 | 1,880,797,000 | 1,799,224,000 | 1,806,364,000 | 1,827,095,000 | 1,726,970,000 | 1,982,228,000 | 1,976,810,000 | 2,044,207,000 | 2,149,711,000 | 2,131,261,000 | 2,303,378,000 | 2,608,464,000 | 2,562,835,000 | 2,200,446,000 | 2,016,919,000 | 2,120,583,000 | 3,311,836,000 | 3,183,132,000 | 3,097,316,000 | 3,047,534,000 | 2,972,656,000 | 2,840,335,000 | 2,728,702,000 | 2,609,833,000 | 2,474,256,000 | 2,421,840,000 | 2,337,710,000 | 2,435,356,000 | 2,347,058,000 | 2,259,496,000 | 2,196,911,000 | 2,143,925,000 | 2,096,323,000 | 1,997,334,000 | 1,962,173,000 | 1,865,913,000 | 1,829,958,000 | 1,818,428,000 | 1,738,264,000 | 5,598,000,000 | 5,154,000,000 | 5,066,000,000 | 4,938,000,000 | 4,782,000,000 | 5,011,239,000 | 5,011,578,000 | 4,574,077,000 | 5,086,748,000 | 4,755,696,000 | 5,278,622,000 | 4,989,025,000 | 4,851,539,000 | 4,963,859,000 | |||||||||||||||
total liabilities and equity | 29,409,591,000 | 29,746,295,000 | 29,605,422,000 | 29,602,917,000 | 28,899,184,000 | 30,072,110,000 | 30,012,767,000 | 28,768,844,000 | 28,277,282,000 | 29,169,468,000 | 29,273,219,000 | 27,708,403,000 | 29,453,901,000 | 28,811,029,000 | 29,139,088,000 | 27,498,773,000 | 29,051,829,000 | 29,221,899,000 | 28,791,139,000 | 28,925,175,000 | 30,628,005,000 | 30,770,423,000 | 30,642,421,000 | 30,412,110,000 | 31,760,895,000 | 32,686,479,000 | 31,160,215,000 | 29,585,226,000 | 27,613,625,000 | 26,638,173,000 | 25,691,183,000 | 24,189,176,000 | 23,406,322,000 | 21,779,584,000 | 21,016,170,000 | 19,513,296,000 | 19,236,501,000 | 18,533,003,000 | 17,745,613,000 | 15,629,929,000 | 15,324,773,000 | 15,214,098,000 | 14,450,544,000 | 12,874,961,000 | 12,933,524,000 | 12,972,243,000 | 11,714,952,000 | 11,379,339,000 | 156,472,000,000 | 174,086,000,000 | 181,260,000,000 | 189,079,000,000 | 197,544,000,000 | 200,356,599,000 | 205,307,049,000 | 206,106,774,000 | 207,318,712,000 | 207,513,085,000 | 186,443,924,000 | 181,183,795,000 | 171,551,311,000 | ||||||||||||||||
less: common stock held in treasury at cost: 244.0 million and 230.2 million shares, respectively | -3,822,797,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 240.1 million and 230.2 million shares, respectively | -3,715,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 234.5 million and 230.2 million shares, respectively | -3,548,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 232.1 million and 230.2 million shares, respectively | -3,478,335,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 230.2 million and 217.9 million shares, respectively | -3,421,609,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 228.2 million and 217.9 million shares, respectively | -3,374,914,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 222.8 million and 217.9 million shares, respectively | -3,258,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 219.9 million and 217.9 million shares, respectively | -3,196,604,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax indemnification receivable | 2,945,000 | 2,902,000 | 2,858,000 | 2,816,000 | 8,392,000 | 8,268,000 | 8,155,000 | 8,047,000 | 12,486,000 | 12,842,000 | 15,678,000 | 18,492,000 | 28,256,000 | 28,125,000 | 27,727,000 | 27,558,000 | 38,226,000 | 38,925,000 | 43,124,000 | 39,207,000 | 54,941,000 | 153,470,000 | 169,242,000 | 168,011,000 | 214,496,000 | 233,142,000 | 261,033,000 | 259,532,000 | 276,543,000 | 160,325,000 | 187,156,000 | 186,076,000 | 200,704,000 | 228,910,000 | 227,157,000 | 240,311,000 | 253,681,000 | 270,198,000 | |||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 217.9 million and 194.4 million shares, respectively | -3,156,364,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 211.9 million and 194.4 million shares, respectively | -3,064,344,000 | -3,064,010,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 195.4 million and 194.4 million shares, respectively | -2,804,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 194.4 million and 153.1 million shares, respectively | -2,789,967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 184.9 million and 153.1 million shares, respectively | -2,635,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 183.7 million and 153.1 million shares, respectively | -2,618,188,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 163.5 million and 153.1 million shares, respectively | -2,254,667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 153.1 million and 81.4 million shares, respectively | -2,061,383,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 138.8 million and 81.4 million shares, respectively | -1,797,979,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 125.7 million and 81.4 million shares, respectively | -1,551,724,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 102.7 million and 81.4 million shares, respectively | -1,108,630,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
upromise member accounts | 187,103,000 | 192,662,000 | 192,708,000 | 200,676,000 | 203,780,000 | 213,104,000 | 226,176,000 | 230,228,000 | 233,015,000 | 243,080,000 | 245,094,000 | 247,324,000 | 249,086,000 | 256,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b: 2.5 million and 4 million shares issued, respectively, at stated value of 100 per share | 251,070,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 81.4 million and 32.5 million shares, respectively | -798,993,000 | -798,068,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b: 4 million and 4 million shares issued, respectively, at stated value of 100 per share | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 81.3 million and 32.5 million shares, respectively | -798,046,000 | -798,039,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -43,274,000 | -12,367,000 | -20,183,000 | -13,579,000 | 2,177,000 | 10,623,000 | 27,012,000 | 23,216,000 | 15,601,000 | 2,748,000 | -1,852,000 | -365,000 | 7,000,000 | -76,476,000 | 46,687,000 | 61,994,000 | -2,394,000 | -76,476,000 | 236,364,000 | 245,352,000 | 265,388,000 | 300,884,000 | 349,111,000 | 460,527,000 | 370,204,000 | 374,574,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 7,011,000 | 79,772,000 | 145,167,000 | 102,285,000 | 96,404,000 | 140,138,000 | 234,414,000 | 184,324,000 | 199,813,000 | 79,904,000 | 142,410,000 | 166,662,000 | 117,531,000 | 185,849,000 | 194,345,000 | 191,499,000 | 283,118,000 | 323,467,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 32.5 million and 14.2 million shares, respectively | -324,659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 31.3 million and 14.2 million shares, respectively | -314,694,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 26.9 million and 14.2 million shares, respectively | -277,071,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 20.9 million and 14.2 million shares, respectively | -216,710,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 14.2 million and 11.1 million shares, respectively | -142,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 14.1 million and 11.1 million shares, respectively | -142,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 14.0 million and 11.1 million shares, respectively | -140,956,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 13.8 million and 11.1 million shares, respectively | -138,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and investments | 101,836,000 | 66,625,000 | 62,466,000 | 94,146,000 | 53,717,000 | 38,256,000 | 34,297,000 | 24,612,000 | 27,980,000 | 25,605,000 | 3,794,000,000 | 4,828,000,000 | 5,011,000,000 | 6,717,000,000 | 5,847,000,000 | 6,074,901,000 | 6,254,493,000 | 5,837,546,000 | 6,252,914,000 | 6,115,399,000 | 5,168,871,000 | 5,760,583,000 | 5,245,702,000 | 3,855,546,000 | 3,535,286,000 | 3,897,417,000 | 3,701,454,000 | 4,170,934,000 | 3,535,286,000 | 4,600,106,000 | 4,999,369,000 | 4,300,826,000 | 3,719,020,000 | 3,423,326,000 | 3,957,535,000 | 3,489,542,000 | 1,089 | 2,224,354,000 | |||||||||||||||||||||||||||||||||||||||
series a: 0 and 3.3 million shares issued, respectively, at stated value of 50 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 11.1 million and 7.7 million shares, respectively | -107,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 10.4 million and 7.7 million shares, respectively | -99,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 10.3 million and 7.7 million shares, respectively | -98,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a: 3.3 million and 3.3 million shares issued, respectively, at stated value of 50 per share | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 9.3 million and 7.7 million shares, respectively | -86,659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 7.7 million and 4.4 million shares, respectively | -67,484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
upromise related liabilities | 259,290,000 | 260,127,000 | 263,899,000 | 275,384,000 | 283,688,000 | 283,584,000 | 285,104,000 | 293,004,000 | 296,594,000 | 301,160,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.20 per share, 20 million shares authorized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 6.1 million and 4.4 million shares, respectively | -52,414,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total slm corporation stockholders' equity before treasury stock | 2,246,646,000 | 2,191,903,000 | 2,037,815,000 | 2,001,445,000 | 1,891,242,000 | 1,824,636,000 | 1,741,377,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 5.8 million and 4.4 million shares, respectively | -49,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired intangible assets | 1,485,000 | 1,745,000 | 2,115,000 | 2,485,000 | 2,855,000 | 3,225,000 | 3,733,000 | 4,241,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 5.5 million and 4.4 million shares, respectively | -47,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total slm corporation's stockholders' equity before treasury stock | 2,137,546,000 | 1,842,145,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 4.4 million and 1.4 million shares, respectively | -41,223,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 4 million and 1 million shares, respectively | -40,481,000 | -39,272,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 3 million and 1 million shares, respectively | -25,329,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a: 3.3 million and 0 shares issued, respectively, at stated value of 50 per share | 165,000,000 | 165,000,000 | 165,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b: 4 million and 0 shares issued, respectively, at stated value of 100 per share | 400,000,000 | 400,000,000 | 400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
navient's subsidiary investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 1 million and 0 shares, respectively | -12,187,000 | -6,208,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total slm corporation stockholders' equity | 1,829,958,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 5,000,000 | 6,000,000 | 6,000,000 | 7,000,000 | 8,000,000 | 8,678,000 | 4,000 | 19,000 | 13,000 | 7,000 | 5,000 | 12,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 359 million and 0 shares, respectively | -3,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp loans | 102,635,000,000 | 119,195,000,000 | 125,612,000,000 | 132,833,000,000 | 140,659,000,000 | 142,634,378,000 | 148,649,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private education loans | 38,157,000,000 | 37,465,000,000 | 36,934,000,000 | 36,454,000,000 | 36,157,000,000 | 35,753,327,000 | 370,066,620,000 | 35,655,724,000 | 35,541,640,000 | 35,150,686,000 | 35,361,689,000 | 22,753,462,000 | 22,494,955,000 | 21,850,688,000 | 21,644,579,000 | 20,582,298,000 | 19,837,425,000 | 17,970,556,000 | 16,977,146,000 | 20,582,298,000 | 14,817,725,000 | 13,675,571,000 | 11,013,668,000 | 9,849,481,000 | 9,755,289,000 | 8,222,400,000 | 6,832,843,000 | 2,337 | 6,527,022,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale | 135,000,000 | 77,000,000 | 72,000,000 | 59,000,000 | 76,000,000 | 82,647,000 | 83,048,000 | 203,125,000 | 399,456,000 | 746,556,000 | 1,273,275,000 | 984,669,000 | 1,186,971,000 | 546,914,000 | 861,008,000 | 535,397,000 | 2,707,676,000 | 1,412,302,000 | 861,008,000 | 2,871,340,000 | 4,152,071,000 | 1,795,397,000 | 2,342,845,000 | 2,464,121,000 | 1,719,526,000 | 2,674,799,000 | 2,175,566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other | 652,000,000 | 929,000,000 | 1,010,000,000 | 1,044,000,000 | 1,351,000,000 | 1,056,762,000 | 873,376,000 | 913,986,000 | 1,013,621,000 | 654,503,000 | 740,553,000 | 850,141,000 | 885,511,000 | 137,477,000 | 180,397,000 | 582,332,000 | 82,005,000 | 84,176,000 | 180,397,000 | 93,040,000 | 92,976,000 | 89,986,000 | 94,215,000 | 99,330,000 | 139,361,000 | 142,047,000 | 323,599,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 127 million and 116 million shares, respectively | -2,283,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total slm corporation stockholders’ equity | 5,593,000,000 | 5,148,000,000 | 5,060,000,000 | 4,931,000,000 | 4,774,000,000 | 5,002,561,000 | 5,011,578,000 | 4,574,077,000 | 5,086,744,000 | 4,755,677,000 | 5,278,609,000 | 4,989,018,000 | 4,851,534,000 | 4,963,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 95 million and 83 million shares, respectively | -1,535,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value .20 per share, 20 million shares authorized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 83 million and 20 million shares, respectively | -1,294,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: common stock held in treasury at cost: 63 million and 20 million shares, respectively | -967,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value .20 per share, 20 million shares authorized: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a: 3.3 million and 3.3 million shares, respectively, issued at stated value of 50 per share | 165,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b: 4 million and 4 million shares, respectively, issued at stated value of 100 per share | 400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 20 million and 68 million shares, respectively | 319,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value .20 per share, 20,000 shares authorized: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a: 3,300 and 3,300 shares, respectively, issued at stated value of 50 per share | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b: 4,000 and 4,000 shares, respectively, issued at stated value of 100 per share | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 10,474 and 68,320 shares, respectively | 170,496,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp stafford and other student loans | 555,351,930,000 | 46,026,138,000 | 47,280,248,000 | 47,928,753,000 | 42,978,874,000 | 43,257,743,000 | 44,044,636,000 | 43,444,179,000 | 44,025,361,000 | 48,924,938,000 | 43,146,711,000 | 40,168,284,000 | 44,025,361,000 | 35,726,062,000 | 34,108,560,000 | 31,503,088,000 | 28,561,670,000 | 24,840,464,000 | 22,613,604,000 | 21,390,845,000 | 1,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp consolidation loans | 918,462,710,000 | 79,911,599,000 | 81,034,596,000 | 82,177,664,000 | 68,378,560,000 | 69,246,231,000 | 70,102,304,000 | 70,885,647,000 | 71,743,435,000 | 72,565,628,000 | 73,171,342,000 | 73,867,639,000 | 71,743,435,000 | 73,609,187,000 | 71,370,681,000 | 68,109,269,000 | 66,170,098,000 | 61,324,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loans | 2,629,170,000 | 334,879,000 | 420,233,000 | 454,557,000 | 489,180,000 | 684,913,000 | 729,380,000 | 769,923,000 | 902,684,000 | 1,140,468,000 | 729,380,000 | 1,173,666,000 | 1,193,405,000 | 1,178,052,000 | 1,350,416,000 | 1,308,832,000 | 1,257,252,000 | 1,050,632,000 | 90 | 1,094,712,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and investments | 11,177,190,000 | -2,107 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest-earning assets | 1,958,263,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest-earning assets | 5,186,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest-bearing liabilities | 1,926,451,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest-bearing liabilities | 3,269,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | 5,098,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 201,012,000,000 | 169,985,298,000 | 168,768,437,000 | 164,991,094,000 | 163,562,241,000 | 159,172,992,000 | 168,768,437,000 | 155,564,991,000 | 150,815,390,000 | 132,802,282,000 | 126,876,466,000 | 116,135,732,000 | 107,052,697,000 | 101,906,665,000 | 15,245 | 83,796,953,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest margin | 1,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffelp stafford loans held-for-sale | 20,655,561,000 | 20,177,860,000 | 16,418,101,000 | 9,695,714,000 | 23,846,566,000 | 18,159,232,000 | 14,399,802,000 | 8,450,976,000 | 8,450,976,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained interest in off-balance sheet securitized loans | 1,828,075,000 | 1,838,203,000 | 1,820,614,000 | 1,950,566,000 | 2,200,298,000 | 2,323,419,000 | 2,544,517,000 | 2,874,481,000 | 2,200,298,000 | 3,044,038,000 | 3,238,637,000 | 3,448,045,000 | 3,643,322,000 | 3,341,591,000 | 3,613,376,000 | 3,151,855,000 | 90 | 2,246,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value .20 per share, 20,000 shares authorized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a: 3,300 and 3,300 shares issued, respectively, at stated value of 50 per share | 165,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b: 4,000 and 4,000 shares issued, respectively, at stated value of 100 per share | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 7.25% mandatory convertible preferred stock; 0 and 810 shares, respectively, issued at liquidation preference of 1,000 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 68,320 and 67,222 shares, respectively | 1,876,488,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c: 7.25% mandatory convertible preferred stock; 810 and 810 shares, respectively, issued at liquidation preference of 1,000 per share | 810,370,000 | 810,370,000 | 810,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 68,011 and 67,222 shares, respectively | 1,872,640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 67,775 and 67,222 shares, respectively | 1,869,760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 67,564 and 67,222 shares, respectively | 1,866,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 7.25% mandatory convertible preferred stock; 810 and 1,150 shares, respectively, issued at liquidation preference of 1,000 per share | 810,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 67,222 and 66,958 shares, respectively | 1,861,738,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c: 7.25% mandatory convertible preferred stock; 1,012 and 1,150 shares, respectively, issued at liquidation preference of 1,000 per share | 1,012,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 67,159 and 66,958 shares, respectively | 1,860,989,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c: 7.25% mandatory convertible preferred stock; 1,150 and 1,150 shares, respectively, issued at liquidation preference of 1,000 per share | 1,149,770,000 | 1,149,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 67,128 and 66,958 shares, respectively | 1,860,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ed participation program facility | 13,529,483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term bank deposits | 1,066,171,000 | 1,147,825,000 | 1,147,825,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other short-term borrowings | 31,735,807,000 | 33,420,249,000 | 33,968,849,000 | 33,420,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total short-term borrowings | 46,331,461,000 | 41,933,043,000 | 38,267,553,000 | 41,933,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 67,105 and 66,958 shares, respectively | 1,859,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ed participation program | 7,364,969,000 | 7,364,969,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in subsidiaries | 7,270,000 | 8,541,000 | 9,480,000 | 6,608,000 | 7,270,000 | 11,360,000 | 10,054,000 | 10,081,000 | 9,029,000 | 9,115,000 | 9,338,000 | 9,369,000 | -63 | 72,869,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 7.25% mandatory convertible preferred stock; 1,150 and 1,000 shares, respectively, issued at liquidation preference of 1,000 per share | 1,149,770,000 | 1,149,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity before treasury stock | 6,855,464,000 | 7,203,464,000 | 7,377,054,000 | 7,046,804,000 | 6,855,464,000 | 7,055,241,000 | 6,183,671,000 | 6,429,835,000 | 5,424,495,000 | 5,400,663,000 | 5,530,900,000 | 5,237,868,000 | -765 | 5,268,755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 66,958 and 65,951 shares, respectively | 1,856,394,000 | 1,856,394,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 4,999,070,000 | 5,347,124,000 | 5,535,004,000 | 5,208,167,000 | 4,999,070,000 | 5,223,535,000 | 5,001,707,000 | 5,348,061,000 | 4,376,782,000 | 4,360,042,000 | 4,503,023,000 | 4,359,768,000 | 690 | 3,064,982,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ed participation and purchase program facility | 3,554,618,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank deposits | 744,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c: 7.25% mandatory convertible preferred stock; 1,150 and 1,000 shares, respectively, issued at liquidation preference of 1,000 per share | 1,149,770,000 | 1,150,000,000 | 1,150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 66,952 and 65,951 shares, respectively | 1,856,340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury: 66,445 and 65,951 shares, respectively | 1,842,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury: 66,301 and 65,951 shares, respectively | 1,838,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value .20 per share, 20,000 shares authorized: series a: 3,300 and 3,300 shares issued, respectively, at stated value of 50 per share; series b: 4,000 and 4,000 shares issued, respectively, at stated value of 100 per share | 565,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, 7.25% mandatory convertible preferred stock, 1,150 shares authorized; 1,000 and 0 shares issued, respectively, at liquidation preference of 1,000 per share | 1,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 65,951 and 22,496 shares, respectively | 1,831,706,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value .20 per share, 20,000 shares authorized; series a: 3,300 and 3,300 shares issued, respectively, at stated value of 50 per share; series b: 4,000 and 4,000 shares issued, respectively, at stated value of 100 per share | 565,000,000 | 565,000,000 | 565,000,000 | 565,000,000 | 565,000,000 | 565,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury: 25,544 and 22,496 shares, respectively | 1,181,964,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury: 23,477 and 22,496 shares, respectively | 1,081,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury: 22,650 and 22,496 shares, respectively | 1,047,713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury: 22,496 and 13,347 shares, respectively | 1,040,621,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidation loans | 57,201,754,000 | 54,054,932,000 | 13,263 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 22,229 and 13,347 shares, respectively | 1,027,877,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 19,078 and 13,347 shares, respectively | 878,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost | -1,455 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federally insured student loans | 63,379,249,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term notes | 72,241,082,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, series a, par value .20 per share, 20,000 shares authorized: 3,300 and 3,300 shares issued, respectively, at stated value of 50 per share | 165,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost: 62,936 and 59,634 shares, respectively | 2,203,773,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2016-06-30 | 2016-03-31 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2013-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2005-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 307,954,000 | 233,185,000 | 135,850,000 | 71,272,000 | 304,540,000 | 111,553,000 | -45,152,000 | 251,993,000 | 289,931,000 | 168,443,000 | 29,365,000 | 265,065,000 | 118,518,000 | -77,043,000 | 75,172,000 | 342,073,000 | 128,812,000 | 306,265,000 | 72,840,000 | 140,201,000 | 641,207,000 | 432,700,000 | 171,028,000 | -85,211,000 | 362,173,000 | 141,352,000 | 128,458,000 | 150,277,000 | 158,189,000 | 147,512,000 | 103,878,000 | 109,832,000 | 126,254,000 | 47,003,000 | 76,371,000 | 57,205,000 | 65,915,000 | 91,016,000 | 47,699,000 | 82,926,000 | -254,858,000 | 346,000,000 | -47,046,000 | -5,648,000 | 174,694,000 | 447,037,000 | -494,886,000 | 337,951,000 | 240,280,000 | -15,369,015 | 159,308,000 | -216,017,000 | -158,541,000 | 265,736,000 | -103,804,000 | -1,635,258,000 | -343,760,000 | 966,471,000 | 116,153,000 | 18,105,000 | 263,472,000 | 223,384,000 | ||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provisions for credit losses | -11,466,000 | -18,779,000 | 179,462,000 | 148,718,000 | 23,286,000 | 108,179,000 | 271,465,000 | 16,830,000 | 12,041,000 | 15,599,000 | 198,023,000 | 17,729,000 | 114,112,000 | 297,260,000 | 207,598,000 | 30,545,000 | 98,050,000 | -15,309,000 | 138,442,000 | 69,677,000 | -225,767,000 | -316,372,000 | -3,640,000 | 351,887,000 | 61,258,000 | 97,558,000 | 99,526,000 | 93,375,000 | 63,790,000 | 57,619,000 | 70,047,000 | 63,267,000 | 53,931,000 | 55,324,000 | 54,930,000 | 41,793,000 | 32,602,000 | |||||||||||||||||||||||||||
income tax expense | 92,399,000 | 49,963,000 | 16,362,000 | 98,579,000 | -14,410,000 | 86,554,000 | 97,554,000 | 11,242,000 | 91,482,000 | 37,338,000 | 29,551,000 | 114,296,000 | 37,356,000 | 19,392,000 | 53,174,000 | 203,525,000 | 55,189,000 | -30,664,000 | 121,481,000 | 40,701,000 | 33,801,000 | 56,296,000 | -53,667,000 | 40,074,000 | 40,997,000 | 40,617,000 | 34,555,000 | 38,875,000 | ||||||||||||||||||||||||||||||||||||
amortization of brokered deposit placement fee | 1,949,000 | 1,803,000 | 1,857,000 | 2,160,000 | 2,213,000 | 2,428,000 | 2,617,000 | 2,681,000 | 2,803,000 | 2,863,000 | 2,832,000 | 2,865,000 | 3,121,000 | 3,147,000 | 3,182,000 | 3,150,000 | 3,425,000 | 3,584,000 | 3,738,000 | 3,887,000 | 4,307,000 | 4,520,000 | 4,753,000 | 4,935,000 | 5,193,000 | 5,496,000 | 4,667,000 | 4,070,000 | 3,555,000 | 3,677,000 | 3,531,000 | 3,058,000 | 2,789,000 | 2,541,000 | 2,492,000 | 2,564,000 | 2,615,000 | 2,657,000 | 2,695,000 | 2,326,000 | ||||||||||||||||||||||||
amortization of secured borrowing facility upfront fee | 735,000 | 705,000 | 624,000 | 584,000 | 597,000 | 588,000 | 461,000 | 713,000 | 720,000 | 708,000 | 718,000 | 723,000 | 704,000 | 712,000 | 649,000 | 569,000 | 570,000 | 359,000 | 713,000 | 773,000 | 817,000 | 813,000 | 820,000 | 526,000 | 279,000 | 279,000 | 282,000 | 277,000 | ||||||||||||||||||||||||||||||||||||
amortization of deferred loan origination costs and loan premium/(discounts) | 4,279,000 | 4,224,000 | 3,692,000 | 3,663,000 | 3,806,000 | 3,680,000 | 2,943,000 | 3,031,000 | 3,229,000 | 2,752,000 | 3,429,000 | 2,981,000 | 3,421,000 | 3,185,000 | 3,433,000 | 3,731,000 | 4,455,000 | 4,252,000 | 3,868,000 | 3,967,000 | 4,016,000 | 4,025,000 | 3,907,000 | 3,979,000 | 12,241,000 | 3,299,000 | 3,324,000 | 3,242,000 | 3,184,000 | 2,866,000 | 2,924,000 | 2,508,000 | 2,607,000 | |||||||||||||||||||||||||||||||
net amortization of discount on investments | -122,000 | -107,000 | -106,000 | -64,000 | -327,000 | -292,000 | -433,000 | -446,000 | -601,000 | -714,000 | -695,000 | -695,000 | -622,000 | -699,000 | -220,000 | 57,000 | 965,000 | 1,408,000 | 1,823,000 | 1,918,000 | 2,161,000 | 2,095,000 | 1,704,000 | 1,941,000 | 610,000 | 757,000 | 819,000 | 304,000 | 189,000 | 368,000 | 359,000 | 510,000 | 475,000 | 578,000 | 632,000 | 451,000 | 342,000 | 559,000 | 324,000 | |||||||||||||||||||||||||
depreciation of premises and equipment | 4,329,000 | 4,213,000 | 4,032,000 | 3,968,000 | 3,953,000 | 4,163,000 | 4,222,000 | 4,562,000 | 4,705,000 | 4,407,000 | 4,259,000 | 4,621,000 | 4,524,000 | 4,491,000 | 4,351,000 | 4,300,000 | 4,189,000 | 4,598,000 | 3,900,000 | 3,830,000 | 3,715,000 | 3,680,000 | 3,709,000 | 3,822,000 | 3,855,000 | 3,819,000 | 3,882,000 | 3,382,000 | 3,586,000 | 3,852,000 | 3,502,000 | 3,358,000 | 3,117,000 | 2,977,000 | 2,829,000 | 191,000 | 2,104,000 | 1,777,000 | 1,659,000 | 684,000 | ||||||||||||||||||||||||
acquired intangible assets amortization expense | 740,000 | 846,000 | 898,000 | 1,021,000 | 1,225,000 | 1,394,000 | 1,215,000 | 2,834,000 | 2,245,000 | 2,272,000 | 2,301,000 | 2,328,000 | 2,417,000 | 733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 14,800,000 | 9,016,000 | 8,936,000 | 9,335,000 | 13,272,000 | 8,255,000 | 8,374,000 | 9,577,000 | 13,790,000 | 8,080,000 | 8,472,000 | 8,292,000 | 11,536,000 | 7,309,000 | 6,856,000 | 8,375,000 | 11,921,000 | 6,395,000 | 6,686,000 | 6,444,000 | 11,124,000 | 6,211,000 | 9,244,000 | 7,399,000 | 13,610,000 | 5,759,000 | 5,368,000 | 5,582,000 | 13,891,000 | 5,696,000 | 5,567,000 | 5,516,000 | 14,745,000 | 6,126,000 | 6,273,000 | 6,332,000 | 6,216,000 | 5,070,000 | 6,140,000 | 11,659,000 | -10,532,000 | 19,000,000 | 10,939,000 | 12,069,000 | 24,992,000 | |||||||||||||||||||
unrealized losses on derivatives and hedging activities | 1,000 | 1,000 | -6,000 | 19,000 | 23,000 | 20,000 | 59,000 | 274,000 | -342,000 | 315,000 | 3,625,000 | 6,937,000 | 10,872,000 | 4,890,000 | 5,054,000 | -3,879,000 | -3,902,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans | -146,313,000 | -135,958,000 | 13,000 | -187,735,000 | 31,000 | 5,000 | -74,978,000 | -239,997,000 | -9,881,000 | 10,000 | -3,679,000 | -399,111,000 | 4,000 | 369,000 | -238,935,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
losses on securities | 2,398,000 | 1,652,000 | -4,876,000 | 2,641,000 | 10,378,000 | -690,000 | -1,490,000 | 30,967,000 | 24,458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other adjustments to net income | -239,000 | -3,920,000 | 3,563,000 | 3,344,000 | 4,093,000 | 3,707,000 | 3,254,000 | 2,663,000 | 2,939,000 | 3,933,000 | 3,396,000 | 5,820,000 | 3,063,000 | 1,039,000 | 2,278,000 | 3,661,000 | 7,235,000 | 5,819,000 | 1,981,000 | -33,788,000 | 2,578,000 | 3,421,000 | 1,577,000 | 2,238,000 | 1,574,000 | 6,171,000 | -6,298,000 | 1,933,000 | 1,918,000 | 2,018,000 | 2,132,000 | 1,533,000 | 1,763,000 | 1,235,000 | 1,603,000 | 851,000 | 250,000 | |||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest receivable | -298,127,000 | -293,338,000 | -296,047,000 | -294,455,000 | -296,543,000 | -281,347,000 | -278,156,000 | -263,931,000 | -287,000,000 | -276,946,000 | -266,036,000 | -253,201,000 | -257,888,000 | -239,254,000 | -208,250,000 | -187,160,000 | -185,294,000 | -187,614,000 | -186,800,000 | -186,175,000 | -183,168,000 | -208,600,000 | -203,812,000 | -228,009,000 | -236,282,000 | -244,330,000 | -240,669,000 | -239,706,000 | -239,180,000 | -235,502,000 | -221,146,000 | -206,037,000 | -201,776,000 | -196,630,000 | -181,767,000 | -130,325,000 | -147,257,000 | -69,196,000 | -121,815,000 | -44,354,000 | -180,320,000 | |||||||||||||||||||||||
increase in trading investments | 0 | -812,000 | -53,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in non-marketable securities | -130,000 | -231,000 | -275,000 | -783,000 | -10,270,000 | 0 | -283,000 | -403,000 | -162,000 | 0 | -1,058,000 | 0 | -992,000 | -554,000 | -804,000 | -8,294,000 | -317,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
decrease in other interest-earning assets | 19,000 | 718,000 | 1,264,000 | 1,281,000 | 1,497,000 | 940,000 | 542,000 | 1,210,000 | 1,657,000 | 1,858,000 | -137,000 | -842,000 | -856,000 | 328,000 | 2,236,000 | 6,224,000 | 5,477,000 | 19,282,000 | 4,914,000 | -3,686,000 | 9,717,000 | 4,896,000 | -3,606,000 | |||||||||||||||||||||||||||||||||||||||||
increase in other assets | -1,175,000 | -12,853,000 | 15,427,000 | -6,130,000 | -46,659,000 | 35,368,000 | -18,510,000 | -343,000 | -23,046,000 | -7,691,000 | 6,362,000 | -10,941,000 | -26,632,000 | -22,333,000 | -17,529,000 | -12,427,000 | -14,588,000 | -44,586,000 | -51,667,000 | -4,260,000 | 16,303,000 | -29,623,000 | -32,874,000 | 7,183,000 | 18,023,000 | -27,616,000 | -681,000 | -8,874,000 | -9,452,000 | -15,735,000 | -35,716,000 | -19,644,000 | -32,690,000 | -3,200,000 | -11,391,000 | -2,079,000 | 30,445,000 | |||||||||||||||||||||||||||
decrease in income taxes payable | -4,735,000 | -3,932,000 | -126,381,000 | -11,493,000 | -70,807,000 | -88,481,000 | -99,185,000 | -114,481,000 | -4,243,000 | 2,052,000 | -231,854,000 | -270,000 | -220,254,000 | -22,887,000 | -710,000 | -52,741,000 | -128,303,000 | -3,947,000 | -48,529,000 | -106,814,000 | -1,159,000 | -77,460,000 | ||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest payable | -18,980,000 | -26,984,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other liabilities | -24,279,000 | -24,314,000 | 15,892,000 | -3,448,000 | -42,714,000 | 25,750,000 | 1,278,000 | -29,020,000 | 7,313,000 | 6,469,000 | -23,770,000 | -39,049,000 | 10,585,000 | -18,873,000 | -175,000,000 | -127,466,000 | -3,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total adjustments | -383,918,000 | -297,649,000 | -185,187,000 | -210,001,000 | -450,591,000 | -107,014,000 | -68,269,000 | -395,795,000 | -366,642,000 | -195,584,000 | -88,715,000 | -332,099,000 | -109,630,000 | 76,168,000 | -71,804,000 | -402,362,000 | -66,024,000 | -260,663,000 | 11,969,000 | -365,886,000 | -595,455,000 | -406,218,000 | -318,034,000 | -121,348,000 | -217,759,000 | -79,592,000 | -142,815,000 | -230,036,000 | -141,474,000 | -157,853,000 | -116,784,000 | -175,168,000 | -140,412,000 | -92,594,000 | -92,066,000 | -116,097,000 | -113,695,000 | -155,723,000 | -66,880,000 | -89,290,000 | -506,000,000 | 183,000,000 | 753,909,000 | 613,866,000 | 584,225,000 | -5,197,236,000 | -3,288,257,000 | -5,447,053,000 | -2,566,601,000 | -3,134,117,000 | -111,473,000 | 326,467,000 | 977,836,000 | 1,259,500,000 | -1,465,902,000 | 73,663,000 | ||||||||
total net cash from operating activities | -75,964,000 | -64,464,000 | -49,337,000 | -138,729,000 | -146,051,000 | 4,539,000 | -113,421,000 | -143,802,000 | -76,711,000 | -27,141,000 | -59,350,000 | -67,034,000 | 8,888,000 | -875,000 | 3,368,000 | -60,289,000 | 62,788,000 | 45,602,000 | 84,809,000 | 26,482,000 | -147,006,000 | -206,559,000 | 144,414,000 | 61,760,000 | -14,357,000 | -79,759,000 | 16,715,000 | -10,341,000 | -12,906,000 | -65,336,000 | -14,158,000 | -45,591,000 | -15,695,000 | -58,892,000 | -47,780,000 | -64,707,000 | -19,181,000 | -6,364,000 | -760,858,000 | 529,000,000 | 706,863,000 | 608,218,000 | 758,919,000 | 1,960,078,000 | -85,183,000 | -3,017,973,000 | -5,549,416,000 | |||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans acquired and originated | -2,803,165,000 | -1,030,595,000 | -2,956,709,000 | -690,858,000 | -2,783,336,000 | -992,821,000 | -2,779,631,000 | -698,485,000 | -2,593,293,000 | -852,076,000 | -2,468,048,000 | -668,717,000 | -2,463,358,000 | -846,494,000 | -2,377,484,000 | -641,453,000 | -2,215,958,000 | -767,633,000 | -2,116,156,000 | -551,421,000 | -2,076,635,000 | -641,979,000 | -1,911,454,000 | -514,677,000 | -2,310,173,000 | -802,119,000 | -2,416,597,000 | -665,765,000 | -2,253,624,000 | -923,172,000 | -2,407,431,000 | -862,629,000 | -2,300,135,000 | -929,021,000 | -1,967,367,000 | -427,973,000 | -1,806,583,000 | -407,224,000 | -1,663,149,000 | -5,369,000 | ||||||||||||||||||||||||
net proceeds from sales of loans held for investment and loans held for sale | 3,507,075,000 | 1,070,431,000 | 1,960,127,000 | -13,000 | 2,208,600,000 | 484,911,000 | -31,000 | 1,611,948,000 | 2,149,774,000 | 1,041,478,000 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in loans held for investment and loans held for sale | 866,782,000 | 768,871,000 | 708,150,000 | 650,085,000 | 774,483,000 | 703,846,000 | 640,913,000 | 629,594,000 | 751,120,000 | 707,638,000 | 733,134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale securities | -24,749,000 | -11,074,000 | 0 | -32,088,000 | -38,174,000 | -14,918,000 | -16,951,000 | -34,222,000 | -25,790,000 | -35,180,000 | -26,008,000 | -39,790,000 | -4,992,000 | 0 | 0 | -216,496,000 | -536,633,000 | -97,462,000 | -654,663,000 | -304,288,000 | -200,716,000 | -185,750,000 | -341,427,000 | -1,493,332,000 | -62,752,000 | -50,542,000 | -145,555,000 | -126,834,000 | -33,483,000 | -7,962,000 | -5,000,000 | -22,758,000 | -15,445,000 | -11,272,000 | -12,090,000 | -18,059,000 | -8,178,000 | -8,841,000 | -33,087,000 | -14,000,000 | -15,384,000 | -39,082,000 | -70,534,000 | -6,501,414,000 | -3,916,248,000 | -9,196,936,000 | -18,688,583,000 | 104,535,332,802 | -38,601,369,000 | -45,540,708,000 | -20,521,734,000 | -7,353,392,000 | -21,715,615,000 | -37,421,760,000 | -34,649,820,000 | -24,265,259,000 | -41,900,523,000 | -8,473,071,000 | -15,448,651,000 | |||||
proceeds from sales and maturities of available-for-sale securities | 43,220,000 | 40,979,000 | 34,645,000 | 37,881,000 | 335,355,000 | 87,652,000 | 333,963,000 | 131,135,000 | 279,700,000 | 50,610,000 | 66,950,000 | 74,740,000 | 73,352,000 | 147,303,000 | 71,653,000 | 54,253,000 | 686,806,000 | 66,573,000 | 217,103,000 | 376,723,000 | 205,367,000 | 277,935,000 | 271,507,000 | 86,237,000 | 18,836,000 | 18,633,000 | 21,653,000 | 6,059,000 | 4,570,000 | 7,054,000 | 8,606,000 | 51,866,000 | 10,371,000 | 10,592,000 | 12,476,000 | 8,926,000 | 6,566,000 | 11,306,000 | 6,630,000 | 3,625,000 | ||||||||||||||||||||||||
total net cash from investing activities | 1,589,163,000 | 838,612,000 | -253,787,000 | -34,993,000 | 496,928,000 | 268,670,000 | -1,814,192,000 | 1,649,185,000 | 572,330,000 | 922,779,000 | -1,695,271,000 | 2,231,084,000 | -1,471,052,000 | 63,191,000 | -343,795,000 | 2,346,863,000 | -988,867,000 | 1,422,781,000 | -1,605,298,000 | 396,828,000 | 2,390,362,000 | 334,436,000 | -464,127,000 | -1,041,201,000 | 2,118,222,000 | 278,544,000 | -1,541,809,000 | 150,228,000 | -1,193,677,000 | -39,602,000 | -1,626,279,000 | -48,016,000 | -1,540,966,000 | -381,423,000 | -1,456,461,000 | -125,917,000 | -1,461,210,000 | 588,064,000 | -1,367,878,000 | -192,674,000 | -3,016,434,000 | 2,184,000,000 | 1,863,045,000 | 2,848,692,000 | 2,458,263,000 | |||||||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brokered deposit placement fee | -5,212,000 | -4,667,000 | -2,069,000 | -937,000 | -4,270,000 | 0 | -2,634,000 | -3,023,000 | -4,357,000 | -1,583,000 | -2,207,000 | -1,383,000 | -10,469,000 | 0 | -1,505,000 | -1,543,000 | -1,762,000 | -8,179,000 | -4,419,000 | -13,882,000 | -1,498,000 | -681,000 | -6,219,000 | -11,830,000 | -7,055,000 | -2,532,000 | -4,339,000 | -116,000 | -2,759,000 | |||||||||||||||||||||||||||||||||||
net increase in certificates of deposit | 142,933,000 | 586,891,000 | -889,195,000 | -420,242,000 | 31,555,000 | 66,937,000 | 515,909,000 | -686,344,000 | -625,553,000 | -742,810,000 | -1,129,702,000 | 69,971,000 | 1,666,891,000 | 895,339,000 | 1,383,390,000 | 404,121,000 | 571,396,000 | 1,006,207,000 | 252,455,000 | 694,982,000 | ||||||||||||||||||||||||||||||||||||||||||||
net decrease in other deposits | -674,306,000 | -109,679,000 | 16,900,000 | 42,463,000 | -787,295,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs for collateralized borrowings | 0 | -22,000 | -20,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in securitization trusts - issued | 615,448,000 | -226,000 | 677,243,000 | 864,392,000 | -18,000 | 565,541,000 | -358,000 | 569,871,000 | 0 | 531,492,000 | 524,380,000 | 1,098,000 | 704,238,000 | -227,000 | 633,532,000 | 0 | 0 | 654,466,000 | 451,128,000 | 115,000 | 540,325,000 | 682,739,000 | 667,848,000 | 672,882,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in securitization trusts - repaid | -309,406,000 | -274,225,000 | -275,920,000 | -288,840,000 | -276,429,000 | -233,527,000 | -240,985,000 | -253,176,000 | -291,039,000 | -266,538,000 | -303,572,000 | -293,120,000 | -289,678,000 | -271,944,000 | -335,556,000 | -381,005,000 | -313,712,000 | -295,744,000 | -262,159,000 | -272,123,000 | -254,027,000 | -207,935,000 | -260,279,000 | -281,086,000 | -249,830,000 | -262,297,000 | -269,812,000 | -260,953,000 | -249,450,000 | -227,286,000 | -211,657,000 | -200,247,000 | -134,539,000 | -20,342,000 | -20,276,000 | |||||||||||||||||||||||||||||
issuance costs for unsecured debt offering | 0 | -333,000 | -1,609,000 | 0 | -15,000 | 0 | -360,000 | -1,215,000 | 0 | 0 | -325,000 | 0 | -634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured debt issued | 0 | 0 | 493,885,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured debt repaid | 0 | 0 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fees paid on secured borrowing facility | -1,000 | -4,000 | -34,000 | -24,000 | 0 | -18,000 | 0 | -2,834,000 | -16,000 | -5,000 | 0 | -13,000 | -2,833,000 | 0 | -68,000 | -3,183,000 | 0 | -51,000 | -1,065,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock dividends paid | -25,596,000 | -26,171,000 | -26,901,000 | -27,153,000 | -27,466,000 | -27,338,000 | -23,529,000 | -24,027,000 | -24,278,000 | -24,416,000 | -24,879,000 | -25,303,000 | -26,635,000 | -26,742,000 | -27,643,000 | -28,083,000 | -30,493,000 | -31,358,000 | -8,934,000 | -9,264,000 | -10,906,000 | -11,254,000 | -11,253,000 | -11,249,000 | -12,595,000 | -12,629,000 | -12,661,000 | -12,804,000 | -13,020,000 | -68,000,000 | ||||||||||||||||||||||||||||||||||
preferred stock dividends paid | -3,555,000 | -3,803,000 | -3,994,000 | -3,972,000 | -3,956,000 | -4,367,000 | -4,648,000 | -4,628,000 | -4,653,000 | -4,726,000 | -4,642,000 | -4,274,000 | -4,063,000 | -3,466,000 | -2,531,000 | -1,757,000 | -1,275,000 | -1,177,000 | -1,166,000 | -1,192,000 | -1,201,000 | -1,734,000 | -2,058,000 | -2,478,000 | -3,464,000 | -3,885,000 | -4,153,000 | -4,331,000 | -4,468,000 | -4,199,000 | -4,124,000 | -3,920,000 | -3,397,000 | -3,137,000 | -3,028,000 | -5,243,000 | -5,139,000 | -4,870,000 | -4,823,000 | -4,850,000 | 1,772,000 | -5,000,000 | ||||||||||||||||||||||
common stock repurchased | -290,656,000 | -123,817,000 | -143,518,000 | -71,705,000 | -29,696,000 | -47,070,000 | -114,393,000 | -61,048,000 | -25,457,000 | -90,933,000 | 0 | -255,326,000 | -4,005,000 | -157,590,000 | -10,109,000 | -376,176,000 | -169,322,000 | -254,002,000 | -249,383,000 | -476,508,000 | -550,790,000 | 0 | 0 | 0 | -558,167,000 | -9,604,000 | -37,477,000 | -60,120,000 | -60,000,000 | -199,000,000 | -143,895,000 | -2,079,467,000 | -100,190,000 | -34,071,000 | -8,666,000 | |||||||||||||||||||||||||||||
total net cash from financing activities | -550,351,000 | -220,618,000 | 561,387,000 | -1,356,576,000 | 1,183,458,000 | 167,473,000 | -1,063,304,000 | 1,451,564,000 | -2,035,850,000 | 587,471,000 | 1,568,343,000 | -1,940,374,000 | -168,710,000 | -247,551,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 962,848,000 | 686,044,000 | -523,742,000 | 213,737,000 | 576,221,000 | -874,693,000 | -251,835,000 | 1,227,916,000 | 346,200,000 | -1,094,789,000 | -1,710,444,000 | 1,762,000,000 | 96,216,000 | -590,660,000 | -2,378,215,000 | 1,761,608,000 | 1,726,306,000 | -145,501,000 | 727,183,000 | -203,736,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 4,418,528,000 | 0 | 0 | 4,874,260,000 | 0 | 0 | 4,299,507,000 | 0 | 0 | 4,772,836,000 | 0 | 0 | 4,545,344,000 | 0 | 0 | 4,609,709,000 | 0 | 0 | 5,720,760,000 | 0 | 0 | 2,681,895,000 | 0 | 0 | 1,636,175,000 | |||||||||||||||||||||||||||||||||||||||
deferred tax provision | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of fees for secured borrowing facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction of tax indemnification receivable | 6,736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired intangible assets impairment and amortization expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on derivative and hedging activities | 832,000 | -138,000,000 | 250,762,000 | -122,044,000 | 512,634,000 | -15,273,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition transaction costs | -45,000 | 1,000 | 0 | 91,000 | 2,511,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trading investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in income tax payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest payable | 9,544,000 | -549,000 | 10,166,000 | -15,738,000 | 5,651,000 | 17,396,000 | -9,925,000 | 20,358,000 | -321,000 | 14,779,000 | -17,825,000 | -9,081,000 | -14,640,000 | 11,950,000 | -30,522,000 | 18,610,000 | -8,014,000 | 14,794,000 | -368,000 | 7,405,000 | -1,286,000 | 15,970,000 | 261,000 | 11,034,000 | -936,000 | 11,965,000 | -6,155,000 | 9,079,000 | 6,541,000 | 2,000,000 | 12,175,000 | -75,820,000 | 145,645,000 | -17,953,000 | -45,156,000 | 79,833,000 | -8,166,000 | -25,851,000 | -23,225,000 | -143,259,000 | 57,319,000 | -46,293,000 | 96,192,000 | 107,183,000 | 110,199,000 | 64,806,000 | 7,195,000 | |||||||||||||||||
proceeds from ffelp loan claim payments | 0 | 7,545,000 | 9,215,000 | 10,819,000 | 10,309,000 | 13,359,000 | 15,203,000 | 11,274,000 | 7,945,000 | 9,048,000 | 5,594,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of subsidiary, net of cash acquired | 0 | 0 | -86,000 | 134,000 | -127,702,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in other deposits | 464,000,000 | 29,657,000 | 25,733,000 | -3,150,000 | -625,232,000 | -167,836,000 | -41,704,000 | 258,345,000 | -190,261,000 | 543,767,000 | 405,478,000 | -828,185,000 | -34,395,000 | 850,408,000 | 202,539,000 | 281,796,000 | 275,091,000 | -55,044,000 | 11,808,000 | 538,533,000 | 82,821,000 | 290,631,000 | 459,948,000 | 126,546,000 | 8,312,000 | 323,614,000 | -7,954,000 | 464,896,000 | -50,084,000 | -22,415,000 | ||||||||||||||||||||||||||||||||||
issuance costs for secured borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured borrowings - issued, net of discount and deferred fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured borrowings - repaid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs for unsecured borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured borrowings - issued, net of discount and underwriting fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured borrowings - repaid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under secured borrowing facility | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of borrowings under secured borrowing facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -674,114,000 | -264,702,000 | 20,473,000 | -1,130,455,000 | -501,028,000 | 1,386,002,000 | 1,410,665,000 | 1,759,677,000 | 804,876,000 | 777,126,000 | 1,435,449,000 | 716,067,000 | 1,474,682,000 | 713,589,000 | 1,401,752,000 | 289,244,000 | 31,251,000 | -120,116,000 | -97,099,000 | 245,240,000 | 3,333,603,000 | -2,928,000,000 | -3,192,315,000 | -3,183,652,000 | -3,688,033,000 | -5,687,760,000 | -2,583,173,000 | 1,054,953,000 | 4,766,678,000 | -15,541,316,331 | 3,826,672,000 | 7,907,101,000 | 3,825,146,000 | 2,724,531,000 | 3,832,705,000 | 5,292,952,000 | 1,003,420,000 | 4,895,053,000 | 15,888,954,000 | 5,627,425,000 | 9,857,046,000 | 8,555,890,000 | 3,531,394,000 | |||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash disbursements made for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 253,881,000 | 284,041,000 | 271,628,000 | 197,348,000 | 110,945,000 | 98,479,000 | 68,266,000 | 116,448,000 | 76,491,000 | 115,293,000 | 98,032,000 | 176,419,000 | 166,321,000 | 144,661,000 | 119,926,000 | 77,529,000 | 69,887,000 | 42,399,000 | 32,766,000 | 27,421,000 | 25,368,000 | 568,000,000 | 588,959,000 | 612,522,000 | 612,519,000 | 609,393,000 | 618,290,000 | 595,424,000 | 549,075,000 | -3,066,692,455 | 767,204,000 | 899,287,000 | 1,403,858,000 | 1,354,569,000 | 1,239,598,000 | 1,258,235,000 | 1,869,006,000 | 1,931,524,000 | 1,883,630,000 | 1,604,844,000 | 1,477,775,000 | 1,395,652,000 | 1,050,209,000 | 437,243,000 | ||||||||||||||||||||
reconciliation of the consolidated statements of cash flows to the consolidated balance sheets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 701,924,000 | 601,613,000 | -230,637,000 | 1,197,103,000 | 1,616,851,000 | -1,779,558,000 | -1,709,691,000 | 6,207,001,000 | 104,247,000 | -637,916,000 | 1,712,269,000 | -146,906,000 | 720,052,000 | -204,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -15,880,000 | -25,392,000 | -21,198,000 | 30,813,000 | 35,268,000 | 11,518,000 | -753,000 | 164,708,000 | -8,031,000 | 47,256,000 | 14,037,000 | 1,405,000 | 7,131,000 | 999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 686,044,000 | 576,221,000 | -251,835,000 | 1,227,916,000 | 1,652,119,000 | -1,768,040,000 | -1,710,444,000 | 6,371,709,000 | 96,216,000 | -590,660,000 | 1,726,306,000 | -145,501,000 | 727,183,000 | -203,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental non-cash operating and investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest capitalized during the period | 300,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading investments received in consideration for loans sold | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale investments received in consideration for loans sold | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 3,868,561,000 | 1,672,856,000 | 3,731,822,000 | 1,227,916,000 | 346,200,000 | 3,450,555,000 | -1,768,040,000 | -1,710,444,000 | 6,371,709,000 | -590,660,000 | -2,378,215,000 | 7,482,368,000 | -145,501,000 | 1,830,146,000 | 2,309,809,000 | -203,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 20,668,000 | 52,965,000 | 99,645,000 | 23,591,000 | 5,597,000 | 231,398,000 | 887,000 | 1,000 | 220,460,000 | 16,654,000 | 53,102,000 | 66,826,000 | 50,075,000 | 65,957,000 | 76,493,000 | 93,096,000 | 56,077,000 | 73,661,000 | 17,811,000 | 15,000,000 | 131,829,000 | 198,928,000 | 165,243,000 | |||||||||||||||||||||||||||||||||||||||||
income taxes refunded | -44,000 | -20,000 | 0 | -1,004,000 | -6,561,000 | 0 | -1,049,000 | -2,195,000 | -8,000 | 0 | -135,000 | -8,275,000 | -1,384,000 | -415,000 | -153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
supplemental non-cash investment activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in certificates of deposit | 1,054,002,000 | -1,004,125,000 | -127,815,000 | 621,950,000 | -209,411,000 | -66,236,000 | -74,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -1,005,699,000 | 1,672,856,000 | -567,685,000 | -372,086,000 | -80,442,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other liabilities | 8,998,000 | -34,808,000 | 1,941,000 | 8,759,000 | -45,860,000 | -32,944,000 | 24,928,000 | 134,661,000 | -10,542,000 | -11,999,000 | 11,702,000 | -3,972,000 | 41,410,000 | 5,817,000 | 2,159,000 | 6,922,000 | -10,629,000 | 18,601,000 | -63,415,000 | -1,539,738,000 | 197,456,000 | -548,727,000 | 597,057,000 | |||||||||||||||||||||||||||||||||||||||||
increase in tax indemnification receivable | -43,000 | -44,000 | -42,000 | -169,000 | -3,917,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on securities | 3,836,000 | -2,103,000 | -2,118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of loans | -143,039,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in income taxes payable | -6,463,000 | 2,483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other interest-earning assets | 1,079,000 | -1,869,000 | 21,094,000 | 18,066,000 | -40,404,000 | 22,106,000 | -9,483,000 | -33,266,000 | -4,764,000 | -10,051,000 | -6,774,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains) losses on derivatives and hedging activities | -56,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of loans | 9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on securities | -1,711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sales of loans held for investment | -9,000 | -1,231,000 | 1,127,570,000 | 2,287,459,000 | 45,729,000 | 1,206,430,000 | -10,000 | -306,000 | 3,436,391,000 | -247,000 | 592,945,000 | -369,000 | 3,283,408,000 | 0 | 0 | 44,012,000 | 820,000 | 1,495,000 | 2,025,000 | 2,371,000 | 3,365,000 | 779,094,000 | 6,387,000 | 1,238,271,000 | ||||||||||||||||||||||||||||||||||||||||
net decrease in loans held for investment | 912,681,000 | 753,003,000 | 826,607,000 | 853,918,000 | 1,153,297,000 | 1,010,140,000 | 943,050,000 | 871,447,000 | 1,021,353,000 | 878,331,000 | 919,047,000 | 858,024,000 | 1,177,589,000 | 1,101,177,000 | 988,572,000 | 926,999,000 | 1,077,273,000 | 868,311,000 | 766,054,000 | 706,733,000 | 735,894,000 | 577,640,000 | 507,853,000 | 291,626,000 | 332,414,000 | 201,620,000 | 243,990,000 | |||||||||||||||||||||||||||||||||||||
gain on sale of upromise subsidiary | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in upromise member accounts due to sale | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from claim payments | 4,733,000 | 5,378,000 | 4,673,000 | 4,602,000 | 6,146,000 | 5,255,000 | 5,994,000 | 11,314,000 | 11,395,000 | 10,118,000 | 9,769,000 | 11,587,000 | 16,167,000 | 11,492,000 | 14,916,000 | 12,084,000 | 14,387,000 | 9,852,000 | 15,364,000 | 18,528,000 | 21,327,000 | 46,442,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds for sale of upromise subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under secured borrowing facility | 0 | 0 | 0 | -289,230,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fees paid - secured borrowing facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of series b preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) reduction in tax indemnification receivable | -124,000 | -131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets | 292,000,000 | -50,598,000 | 3,311,000 | 212,287,000 | -168,564,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction (increase) in tax indemnification receivable | -108,000 | 357,000 | 2,835,000 | 2,814,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on investments | -390,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of upromise subsidiary | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net provided by operating activities | 45,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of securities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in tax indemnification receivable | 8,998,000 | 8,997,000 | 14,908,000 | 14,908,000 | -1,753,000 | 13,154,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in income tax payable | -94,206,000 | -54,987,000 | -74,496,000 | -23,049,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on derivatives and hedging activities | 12,890,000 | 8,443,000 | -43,195,000 | -3,007,000 | -17,923,000 | -4,027,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on investments | 1,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains) losses on derivative and hedging activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of series a preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (reduction) in tax indemnification receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of abcp facility upfront fee | 276,000 | 274,000 | 301,000 | 321,000 | 327,000 | 380,000 | 122,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of acquired intangibles | 92,000 | 92,000 | 92,000 | 118,000 | 117,000 | 1,000 | 260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in payable due to entity that is a subsidiary of navient | 87,000 | -1,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under abcp facility | 0 | 0 | 300,000,000 | 0 | 0 | 26,325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under abcp facility | 0 | 0 | -300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fees paid on abcp facility | 0 | -32,000 | -1,063,000 | -22,000 | -194,000 | -1,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock series a | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income on tax indemnification receivable | -2,222,000 | -1,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in payable due to entity that is a subsidiary of navient | 422,000 | -288,000 | 1,169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred loan origination costs and fees | 2,136,000 | 2,053,000 | 1,497,000 | 1,223,000 | 917,000 | 641,000 | 599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on tax indemnification receivable | 31,577,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in loans held for sale | 0 | 55,000 | 265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination of loans held for sale | 0 | -55,000 | -265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash and investments | -1,454,000 | 1,697,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash and investment - variable interest entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase increase in certificates of deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in securitization - repaid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fees paid - abcp facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -215,000,000 | 273,258,000 | -470,851,000 | -1,533,183,000 | -391,529,000 | -573,863,000 | 770,889,000 | -1,114,995,989 | -952,959,000 | 174,149,000 | -1,227,348,000 | 1,301,173,000 | -3,760,003,000 | -212,923,000 | 5,114,731,000 | -998,885,000 | 1,057,886,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash and investments - variable interest entities | -5,855,000 | -4,959,000 | -3,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -70,404,000 | 104,435,000 | -1,477,739,000 | 403,241,000 | -1,484,158,000 | 46,202,000 | -1,006,201,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 2,416,219,000 | 0 | 2,359,780,000 | -1,717,135,000 | 3,900,000,000 | 673,000 | 0 | 4,342,327,000 | 0 | 0 | 6,070,013,000 | 0 | 0 | 4,070,002,000 | 0 | 0 | 7,582,031,000 | 0 | 0 | 2,621,222,000 | 0 | 3,395,487,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -70,404,000 | 104,435,000 | 938,480,000 | 403,241,000 | 875,622,000 | 3,685,000,000 | -621,734,000 | 273,258,000 | 3,871,476,000 | -391,529,000 | -573,863,000 | 6,840,902,000 | -952,959,000 | 3,076,156,000 | 3,063,801,000 | -1,227,348,000 | 1,301,173,000 | 3,822,028,000 | 5,114,731,000 | -998,885,000 | 3,679,108,000 | -997,864,000 | 735,869,000 | |||||||||||||||||||||||||||||||||||||||||
interest income on tax indemnification receivable | -2,986,000 | -1,080,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on derivative and hedging activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash and investments - other | -4,725,000 | 6,778,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase increase in other deposits | 77,066,000 | 245,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit from the exercise of stock-based awards | -117,000 | -2,132,000 | 1,178,000 | 4,596,000 | 105,000 | 63,000 | 832,000 | 6,000 | 12,000 | 255,000 | 100,000 | 0 | -1,000 | -10,387,000 | 10,669,000 | 781,000 | 20,703,000 | 4,501,000 | 4,331,000 | 5,540,000 | ||||||||||||||||||||||||||||||||||||||||||||
income taxes received | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of abcp upfront fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and impairment of acquired intangibles | 370,000 | 1,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in deposits with entity that is a subsidiary of navient | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special cash contribution from navient | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net capital contributions from entity that is a subsidiary of navient | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend paid to entity that is a subsidiary of navient | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provisions for loan losses | 241,000,000 | 408,909,000 | 290,686,000 | 303,405,000 | 319,944,000 | 358,110,000 | 382,239,000 | 359,120,000 | -848,399,040 | 321,127,000 | 278,112,000 | 250,279,000 | 252,415,000 | 186,909,000 | 143,015,000 | 137,311,000 | 574,178,000 | 142,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of asset-backed commercial paper upfront fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-backed commercial paper upfront placement fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 16,618,000 | 14,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax provision | 31,722,000 | 54,903,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains)/losses on derivative and hedging activities | -2,417,000 | 56,796,000 | 139,049,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other interest-earning assets | 14,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of fdic fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization (accretion) of discount on investments | 197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate swap | -6,718,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in payable due to navient | 7,005,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in loans held for investment | -1,420,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in brokered certificates of deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in now account deposits | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in high yield savings deposits | -687,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in retail certificates of deposit | -18,411,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in mmda deposits | 728,937,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of loans to affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) in brokered certificates of deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net capital contributions (to) from entity that is a subsidiary of navient | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt repurchases and loan sales | -78,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and acquired intangible assets impairment and amortization expense | 4,000,000 | 5,873,000 | 6,063,000 | 6,064,000 | 9,812,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash — other | -3,000,000 | -10,171,000 | -733,000 | 53,904,000 | -50,330,000 | 6,600,000 | 15,648,000 | 25,755,000 | -8,351,000 | 17,282,000 | 35,270,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest receivable | 19,000,000 | 43,371,000 | -158,066,000 | 23,767,000 | 458,024,000 | 26,544,000 | 25,476,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
student loans acquired and originated | -1,559,000,000 | -1,348,336,000 | -539,135,000 | -1,278,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction of student loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
installment payments, claims and other | 3,349,000,000 | 2,964,526,000 | 2,155,541,000 | 4,551,933,000 | 3,533,594,000 | 3,482,070,000 | 3,520,119,000 | 3,484,121,000 | -7,986,734,773 | 2,848,704,000 | 2,439,923,000 | 2,708,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of student loans | 226,000,000 | 187,035,000 | 192,445,000 | 188,520,000 | 227,585,000 | 195,909,000 | 88,553,000 | 75,493,000 | -514,351,779 | 52,829,000 | 0 | 462,311,000 | 470,339,000 | -1,395,000 | -1,239,000 | 28,478,000 | 235,313,000 | 828,000 | 772,970,000 | 4,184,000 | 6,634,000 | 14,709,000 | ||||||||||||||||||||||||||||||||||||||||||
other investing activities | 65,000,000 | -323,671,000 | 752,873,000 | -955,202,000 | -55,426,000 | 110,694,000 | -363,001,000 | 80,089,000 | 676,038,749 | 59,390,000 | -758,720,000 | 22,718,000 | -68,035,000 | -8,719,000 | -19,357,000 | -38,930,000 | -153,575,000 | -71,276,000 | -75,122,000 | -58,236,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of available-for-sale securities | 9,000,000 | 29,656,000 | 79,900,000 | 53,444,000 | 6,630,858,000 | 4,109,031,000 | 9,543,276,000 | 19,182,117,000 | -104,289,321,121 | 38,801,747,000 | 44,889,029,000 | 20,726,497,000 | 6,606,022,000 | 23,551,238,000 | 36,158,259,000 | 36,121,393,000 | 25,138,119,000 | 39,531,610,000 | 9,115,782,000 | 15,567,592,000 | 25,640,370,000 | 27,799,036,000 | 28,955,447,000 | |||||||||||||||||||||||||||||||||||||||||
purchases of other securities | -93,000,000 | -66,805,000 | -81,132,000 | -50,063,000 | -36,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of other securities | 94,000,000 | 67,056,000 | 60,550,000 | 67,394,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash – variable interest entities | 107,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust — issued | 2,588,000,000 | -3,617,000 | 2,219,170,000 | 818,447,000 | -1,249,000 | 3,195,096,000 | 1,179,272,000 | 1,544,073,000 | -11,559,594,085 | 2,531,606,000 | 7,710,056,000 | 1,330,930,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust — repaid | -3,182,000,000 | -2,780,526,000 | -3,013,157,000 | -2,712,317,000 | -2,390,476,000 | -3,970,600,000 | -2,174,867,000 | -2,099,724,000 | 4,191,199,287 | -1,264,601,000 | -1,500,153,000 | -1,432,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-backed commercial paper conduits | 427,000,000 | -70,043,000 | 792,978,000 | -1,237,935,000 | 248,257,000 | -309,062,000 | -1,557,859,000 | -441,723,000 | 15,487,886,814 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
ed conduit program facility | -2,583,000,000 | -788,409,000 | -816,723,000 | -911,868,000 | -449,023,000 | -446,468,000 | 1,190,661,000 | 368,537,000 | -14,175,609,163 | 3,095,178,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other short-term borrowings issued | -297,995,706 | 0 | 198,292,000 | 100,002,000 | 590,554,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other short-term borrowings repaid | -114,000,000 | 8,702,000 | 21,632,000 | 1,197,226,462 | -207,941,000 | -778,000,000 | -212,720,000 | -444,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term borrowings issued | 1,489,000,000 | 194,000 | 4,000 | 1,966,802,000 | 7,000 | 4,000 | 4,000 | 1,463,534,000 | -4,328,839,819 | 5,000 | 3,176,905,000 | 1,156,263,000 | 1,125,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term borrowings repaid | -1,319,000,000 | -161,162,000 | -2,318,117,000 | -1,814,721,000 | -2,727,238,000 | -2,715,120,000 | -1,970,477,000 | -2,541,703,000 | 8,325,676,733 | -3,400,134,000 | -1,910,457,000 | -3,024,590,000 | -1,023,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other financing activities | -358,000,000 | 810,855,000 | 164,540,000 | 206,605,000 | -392,708,000 | 1,290,141,000 | 495,359,000 | -247,746,000 | 1,005,509,913 | 526,965,000 | -627,394,000 | -905,832,000 | 88,816,000 | 199,091,000 | 3,782,000 | -7,030,000 | 15,193,000 | -71,347,000 | 24,952,000 | -8,395,000 | ||||||||||||||||||||||||||||||||||||||||||||
retail and other deposits | 396,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash disbursements made (refunds received) for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash activity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activity — student loans and other assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
student loans and other assets removed related to sale of residual interest in securitization | -3,665,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activity — borrowings assumed in acquisition of student loans and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings removed related to sale of residual interest in securitization | -3,681,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | -23,248,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on loans and investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) on debt repurchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
student loans originated for sale | 1,312,230,000 | -477,701,000 | -3,759,759,000 | -6,722,387,000 | 15,826,943,417 | -5,674,680,000 | -3,759,431,000 | -6,411,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of held-to-maturity and other securities | -10,458,000 | -400,000 | -329,510,000 | 0 | -540,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of held-to-maturity securities and other securities | 24,736,000 | 39,388,000 | 32,805,000 | 39,007,000 | -68,911,829 | 63,000 | 24,934,000 | 43,994,000 | 394,678,000 | 0 | 3,008,000 | 9,494,000 | 697,000 | 424,088,000 | 3,618,000 | 7,065,000 | 628,417,000 | 189,108,000 | 155,973,000 | |||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash — variable interest entities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities — continuing operations | 1,804,980,000 | 2,826,181,000 | 2,429,839,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities — discontinued operations | 58,065,000 | 22,511,000 | 28,424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ed participation program | 31,928,000 | 369,864,000 | 4,109,569,000 | 6,740,199,000 | -15,479,713,071 | 5,627,962,000 | 3,706,539,000 | 6,164,514,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activity — other assets acquired and other liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt repurchases | 226,000 | -323,000 | -37,903,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of held-to-maturity and other securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of loans and securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) in other liabilities | 105,671,000 | -145,910,000 | -78,761,000 | -89,554,000 | -60,767,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loans — repaid | 13,081,000 | 15,220,000 | 14,699,000 | 14,361,000 | 16,770,000 | 18,172,000 | 82,688,000 | -237,718,509 | 20,423,000 | 150,371,000 | 67,186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 297,822,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued | 1,000 | 0 | 183,000 | 11,000 | -5,336 | 1,000 | -4,000 | 1,580,000 | 3,647,000 | 756,000 | 1,965,279,000 | 86,612,000 | 37,797,000 | 35,423,000 | -23,801,000 | 43,854,000 | 56,244,000 | |||||||||||||||||||||||||||||||||||||||||||||||
common dividends paid | -50,747,000 | 0 | 0 | 0 | -102,658,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends paid | -5,070,000 | -4,052,000 | -3,878,000 | -15,967,000 | -18,787,000 | -18,578,000 | -18,517,000 | 83,799,225 | -32,042,000 | -25,638,000 | -26,235,000 | -27,153,000 | -27,310,000 | -27,230,000 | -28,863,000 | -9,458,000 | -9,111,000 | -8,995,000 | -8,933,000 | |||||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | -4,034,000 | -3,958,000 | -18,008,000 | 22,899,000 | -248,000 | 42,281,000 | -493,132,000 | -291,816,715 | 114,637,000 | 164,513,000 | 12,965,000 | 2,218,000 | 132,877,000 | 462,705,000 | 101,564,000 | 393,134,000 | 175,438,000 | 368,806,000 | 159,962,000 | 195,784,000 | 3,728,000 | 12,384,000 | ||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from (used in) operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 0 | 115,000 | -386,000 | -363,000 | -525,000 | -639,000 | -7,988,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 1,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in accrued interest receivable | -103,934,000 | -38,176,000 | -27,659,000 | -340,530,000 | -327,481,000 | -350,454,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in restricted cash | -91,823,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on loans and securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation cost | 8,358,000 | 5,295,000 | 13,819,000 | 12,278,000 | -40,021,935 | 9,929,000 | 16,901,000 | 13,243,000 | 16,334,000 | 21,857,000 | 27,431,000 | 20,649,000 | 9,428,000 | 12,353,000 | 26,739,000 | 26,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) in accrued interest payable | -30,811,000 | -124,886,000 | -284,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment for non-cash loss related to retained interest | -17,380,000 | 101,498,000 | 249,833,000 | 81,241,000 | 191,789,000 | 88,111,000 | -67,836,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities — continuing operations | 2,043,423,000 | 409,703,000 | -3,355,924,000 | -5,789,696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities — discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
student loans acquired | -2,056,665,000 | -2,089,291,000 | -2,034,461,000 | -2,638,358,000 | 7,202,271,907 | -2,267,405,000 | -2,355,187,000 | -2,589,083,000 | -2,810,337,000 | -5,186,911,000 | -5,819,293,000 | -9,521,405,000 | -8,245,304,000 | -10,628,978,000 | -8,150,243,000 | -12,278,480,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loans purchased from securitized trusts | 5,024,022 | -1,332,000 | -1,504,000 | -2,194,000 | -42,613,000 | -646,034,000 | -278,193,000 | -276,831,000 | -382,221,000 | -898,096,000 | -1,698,607,000 | -1,347,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other loans — originated | 2,815,177 | -1,000 | 34,200,000 | -37,017,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of available-for-sale securities | -99,955,944 | 0 | 0 | 100,056,000 | 8,000 | 18,000 | 2,000 | 54,000 | 73,143,000 | 22,513,000 | 176,000 | 841,797,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash — on-balance sheet trusts | -318,878,000 | -344,780,000 | -245,028,000 | 252,090,000 | 621,939,000 | -379,218,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of investment from retained interest | -16,334,487 | 0 | 50,387,000 | 135,242,000 | 137,849,000 | 79,542,000 | 77,651,000 | 54,422,000 | 82,468,000 | 62,455,000 | 73,654,000 | 11,093,000 | 73,196,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of subsidiaries, net of cash acquired | 0 | 0 | 0 | -37,868,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock issued | 0 | 0 | 0 | 145,345,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activity — student loans acquired from the student loan corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activity — borrowings assumed in acquisition from the student loan corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from discontinued operations, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of loans and securities | -1,607,000 | 3,515,000 | -8,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash — on-balance sheet trusts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 2,276,827,000 | 1,389,157,000 | 1,553,627,000 | 525,382,051 | 258,297,000 | -1,420,179,000 | 636,811,000 | 232,236,000 | -1,767,395,000 | -4,146,042,000 | -4,986,086,000 | -8,988,976,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other assets, goodwill and acquired intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash — on-balance sheet trusts | -165,640,000 | -52,489,000 | 1,317,228,725 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets, goodwill and acquired intangible assets | 747,834,000 | 237,962,000 | 201,435,000 | 414,639,000 | -70,063,000 | 13,406,000 | 370,331,000 | 53,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (income) from discontinued operations, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on student loan securitizations | 0 | 0 | 0 | -367,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains)/losses on derivative and hedging activities, excluding equity forwards | -85,885,000 | -3,132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains)/losses on derivative and hedging activities — equity forwards | 1,484,558,000 | 457,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash — other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued interest receivable | -240,483,484 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment for non-cash (income)/loss related to retained interest | 137,021,000 | 152,480,000 | 9,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets, goodwill and acquired intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net cash (used in) operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from securitization of student loans treated as sales | 0 | 0 | 0 | 1,976,599,000 | 0 | 3,544,305,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net settlements on equity forward contracts | -429,424,000 | -32,487,000 | -30,958,000 | -121,348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest,net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on sales of loans and securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in purchased paper mortgages | 58,429,000 | 94,402,000 | 80,299,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | -5,037,928,000 | -3,410,766,000 | -5,468,158,000 | -2,782,618,000 | -3,292,658,000 | 154,263,000 | 222,663,000 | -657,422,000 | 189,816,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flows | -5,037,928,000 | -3,410,766,000 | -5,468,158,000 | -2,782,618,000 | -3,292,658,000 | 154,263,000 | 222,663,000 | -657,422,000 | 189,816,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of held-to-maturity and other securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of loans and securities | 43,899,000 | 43,583,000 | 34,666,000 | 25,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in other assets, goodwill and acquired intangible assets | -203,138,000 | -29,291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-backed commercial paper conduits — net activity | -13,137,160,000 | 682,937,000 | 682,140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -21,105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans originated | -3,624,000 | -18,886,000 | -16,569,000 | -18,532,000 | -86,865,000 | -215,168,000 | -226,208,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of mortgage loans | 3,856,000 | 16,600,000 | 19,800,000 | 29,421,000 | 116,728,000 | 218,969,000 | 250,156,000 | 311,698,000 | 333,260,000 | 280,793,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | -498,000 | -659,000 | -759,000 | -758,000 | 460,000 | -1,049,000 | 1,419,000 | -1,609,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in purchased paper-mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in student loans held-for-sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on derivative and hedging activities, excluding equity forwards | 189,875,000 | -428,701,000 | 364,283,000 | -80,240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on derivative and hedging activities — equity forwards | 412,206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans originated for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds and repayments from sales of mortgage loans originated for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in purchased paper — mortgage loans | 90,378,000 | 80,650,000 | 29,070,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash-other | 60,081,000 | 183,354,000 | -182,304,000 | 22,202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
installment payments | 2,728,793,000 | 2,607,450,000 | 2,661,546,000 | 2,802,469,000 | 2,829,695,000 | 2,900,029,000 | 1,419,656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loans originated | -165,479,000 | -255,166,000 | -676,586,000 | -1,289,634,000 | -712,568,000 | -965,223,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of other loans originated for investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust issued | 6,396,036,000 | 6,870,393,000 | 4,720,526,000 | 2,586,159,000 | 5,163,542,000 | 11,203,950,000 | 3,111,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust repaid | -1,284,219,000 | -1,654,788,000 | -1,880,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-backed financing facilities — net activity | -1,571,961,000 | 1,554,181,000 | -1,715,757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ed participation program facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loans repaid | 490,718,000 | 692,954,000 | 1,239,566,000 | 870,088,000 | 897,602,000 | 556,444,000 | 156,589,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings issued | 2,667,717,000 | 3,327,936,000 | 2,745,907,000 | 2,008,321,000 | 1,815,176,000 | 1,204,049,000 | 945,067,000 | 502,954,000 | 4,568,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings repaid | -5,754,912,000 | -1,746,695,000 | -1,710,720,000 | -4,068,392,000 | -1,844,619,000 | -957,381,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowings issued | 0 | 0 | 0 | 1,567,602,000 | 4,040,780,000 | 3,001,937,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowings repaid | -796,677,000 | -1,822,989,000 | -110,020,000 | -485,246,000 | -1,280,980,000 | -1,312,003,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in purchased paper-mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash — other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in restricted cash — on-balance sheet trusts | 402,246,000 | -624,931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash-other | -26,932,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) investing activities | -11,689,963,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust — activity | 1,781,080,000 | -1,638,925,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provisions for losses | 150,330,000 | 92,005,000 | 67,242,000 | 46,523,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on gse debt extinguishment and defeasance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gse debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash financing activity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer of investments to trust to defease gse debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains)/losses on derivative and hedging activities—equity forwards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
claims and resales | 283,186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust—activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from the exercise of stock-based awards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
donation of treasury stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in retained interest in off-balance sheet securitized loans | 9,165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
academic facilities financings and other loans—originated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
academic facilities financings and other loans—repayments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust—issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums on equity forward contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on derivative and hedging activities—equity forwards | 108,307,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loans made | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term notes issued | 1,664,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term notes repaid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings collateralized by loans in trust | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | 207,505,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents |