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SLM CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
FFELP Stafford and Other Student Loans1,894.691,413.511,060.49817.12660.79527.26462.643,461.003,345.003,094.00
Private Education Loans--------------2,429.002,353.001,582.00
Other loans--------------21.0030.0056.00
Federally insured student loans--------------------
Student loans--------------------
Academic facilities financings: Taxable--------------------
Academic facilities financings: Tax-exempt--------------------
FFELP Consolidation Loans--------------------
Cash and investments34.5015.517.603.754.593.852.3019.0026.0026.00
Investments6.168.299.1610.258.9120.0926.34------
Warehousing advances--------------------
Total Interest Income1,935.351,437.301,077.25831.12674.29551.20491.285,930.005,754.004,758.00
Deposits389.35223.69148.41116.3995.7788.0282.17------
Short-term debt--------------------
Long-term debt--------------------
Interest expense on short-term borrowings5.836.347.326.49------------
Interest expense on long-term borrowings127.1178.0530.185.74------------
Other interest expense--------0.041.070.74------
Total interest expense522.29308.08185.91128.6295.8289.0982.912,401.002,275.003,035.00
Net Interest Income1,413.061,129.22891.34702.50578.48462.12408.373,529.003,479.001,723.00
Provisions for losses244.86185.77159.4190.0685.5369.3466.121,295.001,419.001,119.00
Net Interest Income After Loan Loss Provision1,168.20943.46731.93612.44492.95392.78342.252,234.002,060.00604.00
Guarantor servicing fees--------------------
Debt management fees--------------------
Gains (losses) on derivative and hedging activities, net(0.09)(8.27)(0.96)5.30(4.00)0.64(5.46)(959.00)(361.00)(604.00)
Gains / (Losses) on sales of securities------------0.13(35.00)325.00295.00
Gains on student loan securitizations------------------284.00
Losses on loans and securities, net(1.55)--------63.81--------
Gains on sales of loans to affiliates, net2.06--0.23135.36121.36196.59235.20------
Other(52.32)5.3669.5441.9439.9237.2236.6469.006.0088.00
Servicing and securitization revenue--------------283.00405.00440.00
Collections revenue--------------------
Contingency fee revenue--------------333.00330.00294.00
Gains on debt repurchases--------------38.00317.00536.00
Total Non Interest Income(51.90)(2.90)68.82182.59157.28298.27266.51(271.00)1,022.001,333.00
Salaries and benefits252.35213.32184.00158.98129.71106.80109.58493.00561.00540.00
FDIC assessment fees32.7928.9519.2114.356.15----------
Goodwill and acquired intangible assets impairment and amortization expense------------13.1321.00699.0076.00
Restructuring expenses------5.4038.310.73--12.0085.0010.00
Acquired intangible asset impairment and amortization expense------1.483.293.32--------
Other Operating Expenses271.84206.82183.11175.77139.02163.68144.20512.00647.00503.00
Loss on GSE debt extinguishment and defeasance--------------------
Integration charge--------------------
Total Non-Interest expense556.98449.09386.31355.97316.48274.52266.901,038.001,992.001,129.00
Income Before Income Taxes559.33491.47414.44439.06333.75416.53341.87925.001,090.00808.00
Income taxes71.85202.53164.11164.78139.97158.93126.14328.00493.00264.00
Current provision/(benefit): Federal102.52248.19228.51215.95137.57130.85--436.00252.00156.00
Current provision/(benefit): State32.6413.0924.3426.0643.2813.51--38.0037.00(19.00)
Deferred provision/(benefit): Federal(57.08)(58.12)(89.52)(69.55)(40.37)13.24--(121.00)214.00124.00
Deferred provision/(benefit): State(6.23)(0.63)0.79(7.68)(0.52)1.33--(25.00)(10.00)3.00
Current provision:Foreign--------------------
Deferred provision/(benefit):Foreign--------------------
Minority interest in net earnings of subsidiaries--------------------
Income from Continuing Operations--------------597.00597.00544.00
Income (loss) from discontinued operations, net of tax benefit--------------35.00(67.00)(220.00)
Income (loss) before cumulative effect of accounting change--------------------
Cumulative effect of accounting change--------------------
Net income before preferred stock dividends487.48288.93250.33274.28193.79257.59215.73632.00530.00324.00
Net income attributable to noncontrolling interest--------(0.43)(1.35)(1.89)(1.00)0.000.00
Preferred stock dividends15.6415.7121.2019.6012.93----18.0072.00146.00
Net income attributable to common stock471.84273.22229.12254.69181.29258.95217.62615.00458.00178.00
EPS (BASIC): Before cumulative effect of accounting change--------------1.121.080.85
Discontinued operations--------------0.07(0.14)(0.47)
EPS (BASIC): Cumulative effect of accounting change--------------------
Net Earnings Per Share (Basic)1.080.630.540.600.430.590.461.190.940.38
EPS (DILUTED): Before cumulative effect of accounting change--------------1.111.080.85
Discontinued operations--------------0.07(0.14)(0.47)
EPS (DILUTED): Cumulative effect of accounting change--------------------
Net Earnings Per Share (Diluted)1.070.620.530.590.420.580.451.180.940.38
Weighted Average Shares Outstanding (Basic)435.05431.22427.88425.57423.97440.11476.12517.00487.00471.00
Weighted Average Shares Outstanding (Diluted)439.68438.55432.92432.23432.27448.55482.89523.00488.00472.00