| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 511,662 | 375,812 |
| Provisions for credit losses | 351,466 | 172,004 |
| Income tax expense | 164,904 | 114,941 |
| Amortization of brokered deposit placement fee | 6,230 | 4,373 |
| Amortization of secured borrowing facility upfront fee | 1,913 | 1,208 |
| Amortization of deferred loan origination costs and loan premium/(discounts), net | -11,161 | -7,469 |
| Net amortization of discount on investments | 497 | 391 |
| Depreciation of premises and equipment | 11,953 | 7,921 |
| Acquired intangible assets amortization expense | 2,765 | 1,919 |
| Stock-based compensation expense | 31,543 | 22,607 |
| Unrealized (gains) losses on derivatives and hedging activities, net | 4 | 5 |
| Gains on sales of loans, net | 323,680 | 187,722 |
| Losses (gains) on securities, net | -8,143 | -13,019 |
| Other adjustments to net income, net | -11,000 | -7,437 |
| Increase in accrued interest receivable | 887,045 | 590,998 |
| Decrease in trading investments | 1,634 | - |
| Increase in trading investments | - | 812 |
| Increase in non-marketable securities | 509 | 234 |
| Decrease in other interest-earning assets | -4,042 | -2,778 |
| Increase in other assets | 37,362 | 52,789 |
| Decrease in income taxes payable, net | -141,806 | -137,874 |
| Decrease in accrued interest payable | -31,360 | 719 |
| Decrease in other liabilities | -30,270 | -46,162 |
| Total adjustments | -845,779 | -660,592 |
| Total net cash used in operating activities | -334,117 | -284,780 |
| Loans acquired and originated | 6,430,903 | 3,474,194 |
| Net proceeds from sales of loans held for investment and loans held for sale | 4,168,714 | 2,208,587 |
| Proceeds from ffelp loan claim payments | 0 | 0 |
| Net decrease in loans held for investment and loans held for sale (other than loans acquired and originated, and loan sales) | -2,132,718 | -1,424,568 |
| Purchases of available-for-sale securities | 70,262 | 70,262 |
| Proceeds from sales and maturities of available-for-sale securities | 407,881 | 373,236 |
| Total net cash provided by investing activities | 208,148 | 461,935 |
| Brokered deposit placement fee | 3,615 | - |
| Net (decrease) increase in certificates of deposit | -1,249,292 | -751,530 |
| Net increase (decrease) in other deposits | 188,886 | 159,229 |
| Issuance costs-Collateralized Securities | 42 | 42 |
| Borrowings collateralized by loans in securitization trusts - issued | 536,610 | 536,836 |
| Borrowings collateralized by loans in securitization trusts - repaid | 838,985 | 564,760 |
| Issuance costs-Unsecured Debt | 1,942 | 1,942 |
| Unsecured debt issued | 493,885 | 493,885 |
| Unsecured debt repaid | 500,000 | 500,000 |
| Borrowings under secured borrowing facility | 700,000 | - |
| Fees paid on secured borrowing facility | -2,951 | -2,917 |
| Common stock dividends paid | 81,520 | 54,619 |
| Preferred stock dividends paid | 11,922 | 7,928 |
| Common stock repurchased | 244,919 | 101,401 |
| Total net cash (used in) provided by financing activities | -1,015,807 | -795,189 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -1,141,776 | -618,034 |
| Cash and cash equivalents at beginning of period | 4,874,260 | - |
| Cash and cash equivalents at end of period | 3,732,484 | - |
SLM Corp (SLM)
SLM Corp (SLM)