SLM Corp JSM Income Statement

Slm corp (JSM)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Interest income:
Loans
2,249	1,894	1,413	1,060	817	660	527	462	441	3,345	3,094	5,173	4,343
Investments
7	6	8	9	10	8	20	26	27	-	-	-	-
FFELP Stafford and Other Student Loans
-	-	-	-	-	-	-	-	-	-	-	-	2,060
Private Education Loans
-	-	-	-	-	-	-	-	-	2,353	1,582	1,737	1,456
Other loans
-	-	-	-	-	-	-	-	-	30	56	82	105
Cash and cash equivalents
74	34	15	7	3	4	3	2	2	26	26	276	707
Total interest income
2,331	1,935	1,437	1,077	831	674	551	491	472	5,754	4,758	7,269	8,674
Interest expense:
Deposits
547	389	223	148	116	95	88	82	104	-	-	-	-
Interest expense on short-term borrowings
6	5	6	7	6	0	0	-	-	-	-	-	-
Interest expense on long-term borrowings
153	127	78	30	5	0	0	-	-	-	-	-	-
Other interest expense
-	-	-	-	-	0	1	0	0	-	-	-	-
Total interest expense
707	522	308	185	128	95	89	82	105	2,275	3,035	5,905	7,085
Net interest income
1,623	1,413	1,129	891	702	578	462	408	366	3,479	1,723	1,364	1,588
Less: provisions for credit losses
354	244	185	159	90	85	69	66	85	1,419	1,119	719	1,015
Net interest income after provisions for credit losses
1,269	1,168	943	731	612	492	392	342	281	2,060	604	644	572
Non-interest income:
Gains on sales of loans, net
0	2	0	0	135	121	196	235	21	-	284	-186	-95
Gain (Loss) on Sales of Mortgage Backed Securities (MBS)
0	-1	0	0	-	-	-	-	-	-	-	-	-
Gains on sales of securities
-	-	-	-	-	-	63	0	0	-	-	-	-
Securitization servicing and Residual Interest revenue
-	-	-	-	-	-	-	-	-	-	295	261	437
Gains on student loan securitizations
-	-	-	-	-	-	-	-	-	-	-	-	367
Gains (losses) on loans and investments, net
-	-	-	-	-	-	-	-	-	325	-	-	-
Gains on derivatives and hedging activities, net
17	-0	-8	-0	5	-3	0	-5	-	-361	-604	-445	-1,360
Servicing revenue
-	-	-	-	-	-	-	-	-	311	440	407	-
Contingency revenue
-	-	-	-	-	-	-	-	-	330	294	329	335
Gains on debt repurchases
-	-	-	-	-	-	-	-	-	317	-536	64	-
Collections revenue
-	-	-	-	-	-	-	-	-	-	-	-	219
Guarantor servicing fees
-	-	-	-	-	-	-	-	-	-	-	-	156
Other income
31	-52	5	69	41	39	37	36	76	5	88	39	385
Total non-interest income
48	-51	-2	68	182	157	298	266	98	927	1,333	472	445
Non-interest expenses:
Compensation and benefits
278	252	213	183	158	129	106	109	129	535	540	570	728
FDIC assessment fees
32	32	28	19	14	6	-	-	-	-	-	-	-
Advertising fees
-	-	-	-	-	-	-	-	7	-	-	-	-
Professional fees
-	-	-	-	-	-	-	-	66	-	-	-	-
Other operating expenses
263	271	206	183	175	139	163	144	83	595	503	459	759
Total operating expenses
-	-	-	-	349	274	270	253	287	1,130	1,043	1,029	-
Acquired intangible asset amortization expense
-	-	-	-	1	3	3	13	4	543	76	49	-
Restructuring and other reorganization expenses
-	-	-	-	5	38	0	0	-	85	10	71	22
Total non-interest expenses
574	556	449	386	355	316	274	266	291	1,758	1,129	1,150	1,510
Income before income tax expense
743	559	491	414	439	333	416	341	87	1,229	808	-34	-492
Income tax expense
165	71	202	164	164	139	158	126	34	500	264	-36	408
Net income from continuing operations
-	-	-	-	-	-	-	-	-	729	544	2	-900
Income from discontinued operations, net of tax expense
-	-	-	-	-	-	-	-	-	-199	-220	-215	6
Net income
578	487	288	250	274	193	257	215	53	530	324	-	-894
Less: net loss attributable to noncontrolling interest
-	-	-	-	-	-0	-1	-1	-0	-	-	-	2
Net income
-	-	-	-	-	194	258	217	54	530	324	-212	-896
Preferred stock dividends
16	15	15	21	19	12	0	0	-	72	146	111	37
Net income attributable to SLM Corporation common stock
561	471	273	229	254	181	258	217	-	458	178	-323	-933
Continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-902
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	6
Net income (loss) attributable to SLM Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-896
Continuing operations
-	-	-	-	-	-	-	-	-	1.35	0.85	-0.23	-2.28
Discontinued operations
-	-	-	-	-	-	-	-	-	-0.41	-0.47	-0.46	0.02
Basic earnings per common share attributable to SLM Corporation (in dollars per share)
1.31	1.08	0.63	0.54	0.60	0.43	0.59	0.46	-	0.94	0.38	-0.69	-2.26
Average common shares outstanding (in shares)
427	435	431	427	425	423	440	476	-	487	471	466	412
Continuing operations
-	-	-	-	-	-	-	-	-	1.35	0.85	-0.23	-2.28
Discontinued operations
-	-	-	-	-	-	-	-	-	-0.41	-0.47	-0.46	0.02
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)
1.30	1.07	0.62	0.53	0.59	0.42	0.58	0.45	-	0.94	0.38	-0.69	-2.26
Average common and common equivalent shares outstanding (in shares)
430	439	438	432	432	432	448	482	-	488	472	466	412
Declared dividends per common share attributable to SLM Corporation (in dollars per share)
0.12	0.00	0.00	-	-	-	-	-	-	-	-	0.00	0.25