SLM Corp

Common Name

SLM

Country

United States

Sector

Financial Services

Industry

Credit Services

Employees

1,710

Ticker

SLM

Exchange

NASDAQ/NGS

Website

www.salliemae.com

Description

SLM Corporation, commonly known as Sallie Mae, is a major provider in the financial sector, focusing specifically on education finance. The primary function of SLM Corporation is to originate, service... Show more

Financial Statements of SLM

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in thousands of USD	2024	2023	2022
Interest income	—	—	—
Loans	2,314,417^a	2,327,743^a	1,914,554^a
Investments	61,412^a	50,810^a	35,304^a
Cash and cash equivalents	243,217^a	213,750^a	81,722^a
Total interest income	2,619,046^a	2,592,303^a	2,031,580^a
Interest expense	—	—	—
Deposits	-881,456^a	-808,065^a	-368,914^a
Interest expense on short-term borrowings	-13,815^a	-13,501^a	-11,956^a
Interest expense on long-term borrowings	-242,993^a	-208,524^a	-161,929^a
Total interest expense	-1,138,264^a	-1,030,090^a	-542,799^a
Net interest income	1,480,782^a	1,562,213^a	1,488,781^a
Less: provisions for credit losses	-408,515^a	-345,463^a	-633,453^a
Net interest income after provisions for credit losses	1,072,267^a	1,216,750^a	855,328^a
Non-interest income	—	—	—
Gains on sales of loans, net	254,928^a	160,290^a	327,750^a
Gains (losses) on securities, net	467^a	2,678^a	-60,267^a
Losses on derivatives and hedging activities, net	0^a	0^a	-5^a
Other income	112,873^a	84,148^a	67,160^a
Total non-interest income	368,268^a	247,116^a	334,638^a
Operating expenses	—	—	—
Compensation and benefits	-349,387^a	-326,554^a	-270,354^a
FDIC assessment fees	-51,606^a	-45,766^a	-20,939^a
Other operating expenses	-235,577^a	-246,886^a	-260,169^a
Total operating expenses	-636,570^a	-619,206^a	-551,462^a
Non-interest expenses	—	—	—
Acquired intangible assets impairment and amortization expense	-5,329^a	-66,364^a	-7,779^a
Total non-interest expenses	-641,899^a	-685,570^a	-559,241^a
Income before income tax expense	798,636^a	778,296^a	630,725^a
Income tax expense	-190,311^a	-196,905^a	-161,711^a
Net income	608,325^a	581,391^a	469,014^a
Preferred stock dividends	18,296^a	17,705^a	9,029^a
Net income attributable to SLM Corporation common stock	590,029^a	563,686^a	459,985^a

Verified Sources Behind SLM’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore SLM’s data sources below and access millions more through our Disclosure Search.

a. SLM's 10-K 2024

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SLM Corp

Financial Statements of SLM

Verified Sources Behind SLM’s Financial Fundamentals Data

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