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