CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 3,695,076	$ 4,700,366
Investments:
Trading investments at fair value (cost of $40,270 and $41,715, respectively)	53,732	53,262
Available-for-sale investments at fair value (cost of $1,747,064 and $2,042,473, respectively)	1,656,977	1,933,226
Other investments	97,960	112,377
Total investments	1,808,669	2,098,865
Loans held for investment (net of allowance for losses of $1,443,715 and $1,435,920, respectively)	21,091,204	20,902,158
Restricted cash	173,485	173,894
Other interest-earning assets	3,383	4,880
Accrued interest receivable	1,553,979	1,546,590
Premises and equipment, net	117,426	119,354
Goodwill and acquired intangible assets, net	62,510	63,532
Income taxes receivable, net	338,292	425,625
Other assets	55,160	36,846
Total assets	28,899,184	30,072,110
Liabilities
Deposits	20,073,168	21,068,568
Long-term borrowings	6,147,473	6,440,345
Other liabilities	277,687	403,277
Total liabilities	26,498,328	27,912,190
Commitments and contingencies
Equity
Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share	251,070	251,070
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 442.8 million and 440.6 million shares issued, respectively	88,566	88,121
Additional paid-in capital	1,209,017	1,193,753
Accumulated other comprehensive loss (net of tax benefit of ($18,080) and ($21,209), respectively)	(55,631)	(65,861)
Retained earnings	4,386,169	4,114,446
Total SLM Corporation stockholders’ equity before treasury stock	5,879,191	5,581,529
Less: Common stock held in treasury at cost: 232.1 million and 230.2 million shares, respectively	(3,478,335)	(3,421,609)
Total equity	2,400,856	2,159,920
Total liabilities and equity	$ 28,899,184	$ 30,072,110