For the quarter ending 2026-03-31, SLM had $962,848K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 307,954 | 233,185 | 135,850 | 375,812 |
| Provisions for credit losses | -11,466 | -18,779 | 179,462 | 172,004 |
| Income tax expense | 92,399 | -114,588 | 49,963 | 114,941 |
| Amortization of brokered deposit placement fee | 1,949 | 1,803 | 1,857 | 4,373 |
| Amortization of fees for secured borrowing facility | - | 2,696 | - | - |
| Amortization of secured borrowing facility upfront fee | -1,178 | - | 705 | 1,208 |
| Amortization of deferred loan origination costs and loan premium/(discounts), net | -4,279 | -4,224 | -3,692 | -7,469 |
| Net amortization of discount on investments | 122 | 107 | 106 | 391 |
| Reduction of tax indemnification receivable | - | 0 | - | - |
| Depreciation of premises and equipment | 4,329 | 4,213 | 4,032 | 7,921 |
| Acquired intangible assets amortization expense | 740 | 793 | 846 | 1,919 |
| Stock-based compensation expense | 14,800 | 9,016 | 8,936 | 22,607 |
| Unrealized (gains) losses on derivatives and hedging activities, net | 0 | 1 | -1 | 5 |
| Gains on sales of loans, net | 146,313 | 45,200 | 135,958 | 187,722 |
| Losses on securities, net | -2,398 | -1,652 | 4,876 | -13,019 |
| Acquisition transaction costs, net | - | 0 | - | - |
| Other adjustments to net income, net | 239 | 3,920 | -3,563 | -7,437 |
| Increase in accrued interest receivable | 298,127 | 293,338 | 296,047 | 590,998 |
| Decrease in trading investments | - | - | 1,634 | - |
| Increase in trading investments | 0 | -2,446 | - | 812 |
| Increase in non-marketable securities | 130 | 231 | 275 | 234 |
| Decrease in other interest-earning assets | -19 | -718 | -1,264 | -2,778 |
| Increase in other assets | 1,175 | 12,853 | -15,427 | 52,789 |
| Decrease in income taxes payable, net | -4,735 | 172,084 | -3,932 | -137,874 |
| Decrease in accrued interest payable | -18,980 | 20,396 | -32,079 | 719 |
| Decrease in other liabilities | -24,279 | -24,314 | 15,892 | -46,162 |
| Total adjustments | -383,918 | -297,649 | -185,187 | -660,592 |
| Total net cash used in operating activities | -75,964 | -64,464 | -49,337 | -284,780 |
| Loans acquired and originated | 2,803,165 | 1,030,595 | 2,956,709 | 3,474,194 |
| Proceeds from ffelp loan claim payments | - | 0 | 0 | 0 |
| Net proceeds from sales of loans held for investment and loans held for sale | 3,507,075 | 1,070,431 | 1,960,127 | 2,208,587 |
| Net decrease in loans held for investment and loans held for sale (other than loans acquired and originated, and loan sales) | -866,782 | -768,871 | -708,150 | -1,424,568 |
| Purchases of available-for-sale securities | 24,749 | 11,074 | 0 | 70,262 |
| Proceeds from sales and maturities of available-for-sale securities | 43,220 | 40,979 | 34,645 | 373,236 |
| Purchase of subsidiary, net of cash acquired | - | 0 | - | - |
| Total net cash provided by investing activities | 1,589,163 | 838,612 | -253,787 | 461,935 |
| Brokered deposit placement fee | 5,212 | 4,667 | 3,615 | - |
| Net increase (decrease) in certificates of deposit | 142,933 | 586,891 | -497,762 | -751,530 |
| Net decrease in other deposits | -674,306 | 464,000 | 29,657 | 159,229 |
| Issuance costs for borrowings-Debt Securities | - | 42 | - | - |
| Secured borrowings - issued, net of discount and deferred fees | - | 536,610 | - | - |
| Issuance costs-Collateralized Securities | -42 | - | 0 | 42 |
| Secured borrowings - repaid | - | 1,119,518 | - | - |
| Borrowings collateralized by loans in securitization trusts - issued | 78,838 | - | -226 | 536,836 |
| Fees paid on secured borrowing facility | - | -2,955 | - | - |
| Borrowings collateralized by loans in securitization trusts - repaid | -529,579 | - | 274,225 | 564,760 |
| Issuance costs-Unsecured Debt | 0 | 0 | 0 | 1,942 |
| Unsecured debt issued | 0 | 0 | 0 | 493,885 |
| Unsecured debt repaid | 0 | 0 | 0 | 500,000 |
| Borrowings under secured borrowing facility | - | 0 | 700,000 | - |
| Fees paid on secured borrowing facility | 2,950 | - | -34 | -2,917 |
| Repayments of borrowings under secured borrowing facility | - | 700,000 | - | - |
| Common stock dividends paid | 25,596 | 26,171 | 26,901 | 54,619 |
| Preferred stock dividends paid | 3,555 | 3,803 | 3,994 | 7,928 |
| Common stock repurchased | 290,656 | 123,817 | 143,518 | 101,401 |
| Total net cash used in financing activities | -550,351 | -88,104 | -220,618 | -795,189 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 962,848 | 686,044 | -523,742 | -618,034 |
| Cash, cash equivalents and restricted cash at beginning of period | 3,732,484 | - | 4,874,260 | - |
| Cash, cash equivalents and restricted cash at end of period | 5,381,376 | - | 3,732,484 | - |
SLM Corp (SLM)
SLM Corp (SLM)