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Selected Quarterly Financial Information (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information


 
 
2019
 
 
First
 
Second
 
Third
 
Fourth
(Dollars in thousands, except per share data)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
Net interest income
 
$
402,281

 
$
396,868

 
$
405,065

 
$
419,101

Less: provisions for credit losses
 
63,790

 
93,375

 
99,526

 
97,558

Net interest income after provisions for credit losses
 
338,491

 
303,493

 
305,539

 
321,543

Gains (losses) on derivative and hedging activities, net
 
2,763

 
16,736

 
1,961

 
(3,635
)
Other income (loss)
 
13,378

 
2,655

 
15,280

 
(211
)
Total non-interest expenses
 
140,147

 
138,806

 
153,621

 
141,679

Income tax expense
 
56,296

 
33,801

 
40,701

 
34,666

Net income
 
158,189

 
150,277

 
128,458

 
141,352

Preferred stock dividends
 
4,468

 
4,331

 
4,153

 
3,885

Net income attributable to SLM Corporation common stock
 
$
153,721

 
$
145,946

 
$
124,305

 
$
137,467

Basic earnings per common share attributable to SLM Corporation(1)
 
$
0.35

 
$
0.34

 
$
0.29

 
$
0.33

Diluted earnings per common share attributable to SLM Corporation(1)
 
$
0.35

 
$
0.34

 
$
0.29

 
$
0.32

Declared dividends per common share attributable to SLM Corporation
 
$
0.03

 
$
0.06

 
$
—

 
$
0.03

______
(1) Basic and diluted earnings per common share attributable to SLM Corporation are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.





















 
 
2018
 
 
First
 
Second
 
Third
 
Fourth
(Dollars in thousands, except per share data)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
Net interest income
 
$
332,614

 
$
340,950

 
$
356,633

 
$
382,867

Less: provisions for credit losses
 
53,931

 
63,267

 
70,047

 
57,619

Net interest income after provisions for credit losses
 
278,683

 
277,683

 
286,586

 
325,248

Gains on sales of loans, net
 
—

 
2,060

 
—

 
—

Losses on sales of securities, net
 
—

 
(1,549
)
 
—

 
—

Gains (losses) on derivative and hedging activities, net
 
3,892

 
(5,268
)
 
(4,949
)
 
6,238

Other income (loss)
 
9,642

 
12,295

 
(80,702
)
 
6,446

Total non-interest expenses
 
124,966

 
135,315

 
150,724

 
145,971

Income tax expense (benefit)
 
40,997

 
40,074

 
(53,667
)
 
44,449

Net income
 
126,254

 
109,832

 
103,878

 
147,512

Preferred stock dividends
 
3,397

 
3,920

 
4,124

 
4,199

Net income attributable to SLM Corporation common stock
 
$
122,857

 
$
105,912

 
$
99,754

 
$
143,313

Basic earnings per common share attributable to SLM Corporation(1)
 
$
0.28

 
$
0.24

 
$
0.23

 
$
0.33

Diluted earnings per common share attributable to SLM Corporation(1)
 
$
0.28

 
$
0.24

 
$
0.23

 
$
0.33


_____
(1) Basic and diluted earnings per common share attributable to SLM Corporation are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.