slm: the income statement

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SLM Corp (SLM)

For the quarter ending 2025-06-30, SLM made $686,189K in revenue. $67,300K in net income. Net profit margin of 9.81%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Preferred stock dividends	3,972
Income tax expense	16,362
Other income	29,430
Gains (losses) on securities, net	-2,641
Gains (losses) on sales of loans, net	-13
Total non-interest income	26,776
Other operating expenses	71,664
Compensation and benefits	84,900
Fdic assessment fees	9,782
Total operating expenses	166,346
Acquired intangible assets amortization expense	898
Total non-interest expenses	167,244
Interest expense on short-term borrowings	3,613
Interest expense on long-term borrowings	74,848
Deposits	201,478
Total interest expense	279,939
Investments	13,710
Loans	597,609
Cash and cash equivalents	45,440
Total interest income	656,759
Net interest income	376,820
Less provisions for credit losses	148,718
Net interest income after provisions for credit losses	228,102
Income before income tax expense	87,634
Net income	71,272
Net income attributable to slm corporation common stock	67,300

Average common and common equivalent shares outstanding (in shares)	213,220,000
Average common shares outstanding (in shares)	209,282,000
Basic earnings per common share (in dollars per share)	0.32
Diluted earnings per common share (in dollars per share)	0.32

Unit: Thousand (K) dollars (except for numbers of shares and EPS)