| Cash Flow | 2025-09-30 |
|---|---|
| Net income (loss) | 511,662 |
| Provisions for credit losses | 351,466 |
| Income tax expense | 164,904 |
| Amortization of brokered deposit placement fee | 6,230 |
| Amortization of secured borrowing facility upfront fee | 1,913 |
| Amortization of deferred loan origination costs and loan premium/(discounts), net | -11,161 |
| Net amortization of discount on investments | 497 |
| Depreciation of premises and equipment | 11,953 |
| Acquired intangible assets amortization expense | 2,765 |
| Stock-based compensation expense | 31,543 |
| Unrealized (gains) losses on derivatives and hedging activities, net | 4 |
| Gains on sales of loans, net | 323,680 |
| Losses (gains) on securities, net | -8,143 |
| Other adjustments to net income, net | -11,000 |
| Increase in accrued interest receivable | 887,045 |
| Decrease in trading investments | 1,634 |
| Increase in non-marketable securities | 509 |
| Decrease in other interest-earning assets | -4,042 |
| Increase in other assets | 37,362 |
| Decrease in income taxes payable, net | -141,806 |
| Decrease in accrued interest payable | -31,360 |
| Decrease in other liabilities | -30,270 |
| Total adjustments | -845,779 |
| Total net cash used in operating activities | -334,117 |
| Loans acquired and originated | 6,430,903 |
| Net proceeds from sales of loans held for investment and loans held for sale | 4,168,714 |
| Proceeds from ffelp loan claim payments | 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 |
| Purchases of available-for-sale securities | 70,262 |
| Proceeds from sales and maturities of available-for-sale securities | 407,881 |
| Total net cash provided by investing activities | 208,148 |
| Brokered deposit placement fee | 3,615 |
| Net (decrease) increase in certificates of deposit | -1,249,292 |
| Net increase (decrease) in other deposits | 188,886 |
| Issuance costs-Collateralized Securities | 42 |
| Borrowings collateralized by loans in securitization trusts - issued | 536,610 |
| Borrowings collateralized by loans in securitization trusts - repaid | 838,985 |
| Issuance costs-Unsecured Debt | 1,942 |
| Unsecured debt issued | 493,885 |
| Unsecured debt repaid | 500,000 |
| Borrowings under secured borrowing facility | 700,000 |
| Fees paid on secured borrowing facility | -2,951 |
| Common stock dividends paid | 81,520 |
| Preferred stock dividends paid | 11,922 |
| Common stock repurchased | 244,919 |
| Total net cash (used in) provided by financing activities | -1,015,807 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -1,141,776 |
| Cash and cash equivalents at beginning of period | 4,874,260 |
| Cash and cash equivalents at end of period | 3,732,484 |
SLM Corp (SLMBP)
SLM Corp (SLMBP)