Below are the financial statements of SLM, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Assets | — | — |
| Cash and cash equivalents | 4,700.37a | 4,149.84a |
| Investments | — | — |
| Trading investments at fair value (cost of $41,715 and $43,412, respectively) | 53.26a | 54.48a |
| Available-for-sale investments at fair value (cost of $2,042,473 and $2,563,984, respectively) | 1,933.23a | 2,411.62a |
| Other investments | 112.38a | 91.57a |
| Total investments | 2,098.87a | 2,557.67a |
| Loans held for investment (net of allowance for losses of $1,435,920 and $1,339,772, respectively) | 20,902.16a | 20,306.36a |
| Restricted cash | 173.89a | 149.67a |
| Other interest-earning assets | 4.88a | 9.23a |
| Accrued interest receivable | 1,546.59a | 1,379.9a |
| Premises and equipment, net | 119.35a | 129.5a |
| Goodwill and acquired intangible assets, net | 63.53a | 68.71a |
| Income taxes receivable, net | 425.63a | 366.25a |
| Other assets | 36.85a | 52.34a |
| Total assets | 30,072.11a | 29,169.47a |
| Liabilities | — | — |
| Deposits | 21,068.57a | 21,653.19a |
| Long-term borrowings | 6,440.35a | 5,227.51a |
| Other liabilities | 403.28a | 407.97a |
| Total liabilities | 27,912.19a | 27,288.67a |
| Equity | — | — |
| Preferred stock, Series B | 251.07a | 251.07a |
| Common stock | 88.12a | 87.65a |
| Additional paid-in capital | 1,193.75a | 1,148.69a |
| Accumulated other comprehensive loss (net of tax benefit of $(21,209) and $(24,176), respectively) | -65.86a | -75.1a |
| Retained earnings | 4,114.45a | 3,624.86a |
| Total SLM Corporation stockholders’ equity before treasury stock | 5,581.53a | 5,037.16a |
| Common stock held in treasury at cost | -3,421.61a | -3,156.36a |
| Total equity | 2,159.92a | 1,880.8a |
| Total liabilities and equity | 30,072.11a | 29,169.47a |
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