Financial insights of JSM

MyFinsight

For the quarter ending 2026-03-31.

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Private Education Loans-Private Education Loans	277	299*	276	273
Federal Family Education Loan Program Ffelp Guaranteed Loans-Federal Family Education Loan Program Ffelp Guaranteed Loans	401	454*	484	483
Cash and investments	17	19*	21	22
Total interest income	695	771*	781	778
Total interest expense	564	656*	639	650
Net interest income (loss)	131	115*	142	128
Less provisions for loan gaines	27	-27*	168	37
Net interest income (loss) after provisions for loan losses	104	142*	-26	91
Gain on sale of subsidiary	0	0*	0	-
Servicing revenue	11	11*	13	14
Asset recovery and business processing revenue	0	24*	0	0
Losses on debt repurchases	-	0*	-	-
Other income	5	4*	10	19
Gains (losses) on derivative and hedging activities, net	5	-16*	-4	-5
Total other income (loss)	21	21*	19	28
Salaries and benefits	32	49*	32	35
Other operating expenses	57	66*	73	65
Total operating expenses	89	114*	105	100
Goodwill and acquired intangible asset impairment and amortization expense	4	0*	1	1
Restructuring/other reorganization expenses	0	11*	4	0
Total expenses	93	125*	110	101
Income (gain) before income tax expense (benefit)	32	38*	-117	18
Income tax expense (benefit)	15	10*	-31	4
Net income (gain)	17	28	-86	14

Basic EPS	0.18	0.283	-0.87	0.14
Diluted EPS	0.17	0.286	-0.87	0.13
Basic Average Shares	95,000,000	99,000,000	98,000,000	100,000,000
Diluted Average Shares	96,000,000	98,000,000	98,000,000	101,000,000

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.