XML 160 R136.htm IDEA: XBRL DOCUMENT v3.24.0.1
Selected Quarterly Financial Information (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]                      
Net interest income $ 385,886 $ 384,628 $ 386,631 $ 405,068 $ 381,431 $ 369,510 $ 362,808 $ 375,032 $ 1,562,213 $ 1,488,781 $ 1,394,766
Less: provisions for credit losses 15,599 198,023 17,729 114,112 297,260 207,598 30,545 98,050 345,000 633,000  
Net interest income after provisions for credit losses 370,287 186,605 368,902 290,956 84,171 161,912 332,263 276,982 1,216,750 855,328 1,427,723
Gains on sales of loans, net 35,550 (5) 124,754 (9) 2,894 74,978 239,997 9,881 160,290 327,750 548,315
Gains (losses) on securities, net 690 1,490 (1,213) 1,711 (58,245) 891 667 (3,580) 2,678 (60,267) 39,096
Gains (losses) on derivative and hedging activities, net         0 0 0 (5) 0 (5) 144
Other income 20,873 22,753 20,513 20,009 14,708 19,234 17,589 15,629 84,148 67,160 44,894
Total operating expenses 143,101 167,402 154,164 154,539 137,762 149,964 131,730 132,006      
Amortized intangible assets 59,013 2,834 2,245 2,272 2,301 2,328 2,417 733 66,364 7,779 0
Income tax expense 56,843 11,242 91,482 37,338 (19,492) 29,551 114,296 37,356 196,905 161,711 379,751
Net income 168,443 29,365 265,065 118,518 (77,043) 75,172 342,073 128,812 581,391 469,014 1,160,513
Preferred stock dividends 4,726 4,642 4,274 4,063 3,466 2,531 1,757 1,275 17,705 9,029 4,736
Net income (loss) attributable to SLM Corporation common stock 163,717 24,723 260,791 114,455 (80,509) 72,641 340,316 127,537 563,686 459,985 1,155,777
Net income attributable to SLM Corporation common stock $ 163,717 $ 24,723 $ 260,791 $ 114,455 $ (80,509) $ 72,641 $ 340,316 $ 127,537 $ 563,686 $ 459,985 $ 1,155,777
Basic earnings per common share (in usd per share) $ 0.73 $ 0.11 $ 1.11 $ 0.47 $ (0.33) $ 0.29 $ 1.30 $ 0.46 $ 2.44 $ 1.78 $ 3.67
Diluted earnings per common share (in usd per share) 0.72 0.11 1.10 0.47 (0.33) 0.29 1.29 0.45 2.41 1.76 3.61
Declared dividends per common share (in usd per share) $ 0.11 $ 0.11 $ 0.11 $ 0.11 $ 0.11 $ 0.11 $ 0.11 $ 0.11 $ 0.44 $ 0.44 $ 0.20