SLM Corp SLMBP Income Statement

Slm corp (SLMBP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest income:
Loans
2,250	2,249	2,196	2,117	2,018	1,894	1,762	1,636	1,518	1,413	1,316	1,225	1,140	1,060	983	920	864	817	772	731	698	660	25	-7	-47	527	-1,008	-299	355	462	315	333	406	441	3,362	3,389	3,415	3,345	4,230	3,826	3,411	3,094	2,262	2,550	0	0	0
Investments
8	7	6	5	5	6	6	7	8	8	8	8	8	9	9	10	10	10	10	10	10	8	11	14	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FFELP Stafford and Other Student Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Private Education Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	2,414	2,416	2,391	2,353	2,157	1,942	1,760	1,582	1,621	1,634	0	0	0
Other loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	22	24	27	30	33	37	48	56	65	76	0	0	0
Cash and cash equivalents
79	74	65	52	40	34	27	21	18	15	13	10	8	7	6	4	4	3	4	4	4	4	0	-0	-0	3	-6	-2	2	2	4	3	2	2	20	24	26	26	25	24	24	26	77	140	0	0	0
Total interest income
2,339	2,331	2,268	2,175	2,064	1,935	1,796	1,665	1,545	1,437	1,337	1,244	1,157	1,077	999	935	879	831	787	746	713	674	-585	-616	-652	551	-2,220	-893	380	491	388	400	457	472	5,820	5,855	5,860	5,754	5,475	5,163	4,902	4,758	5,513	6,082	0	0	0
Interest expense:
Deposits
556	547	522	483	437	389	339	296	256	223	198	174	159	148	135	126	120	116	116	111	102	95	88	85	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense on short-term borrowings
9	6	4	4	4	5	6	7	7	6	5	5	6	7	8	9	7	6	3	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense on long-term borrowings
152	153	154	148	139	127	111	96	87	78	68	57	42	30	21	14	9	5	2	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
718	707	681	637	581	522	457	400	351	308	272	237	207	185	165	150	137	128	122	112	103	95	-456	-459	-459	89	-1,270	-646	-12	82	295	241	177	105	2,312	2,360	2,337	2,275	2,254	2,289	2,539	3,035	3,914	4,606	0	0	0
Net interest income
1,621	1,623	1,587	1,538	1,482	1,413	1,339	1,264	1,193	1,129	1,065	1,006	949	891	833	785	741	702	665	633	610	578	-129	-156	-193	462	-949	-247	392	408	92	158	279	366	3,507	3,494	3,522	3,479	3,221	2,874	2,362	1,723	1,598	1,476	0	0	0
Less: provisions for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: provisions for credit losses
-	-	314	284	-	244	242	227	214	185	173	160	152	159	146	132	106	90	90	77	62	85	-135	-130	-132	69	-439	-189	54	66	-151	-12	35	85	1,322	1,271	1,362	1,419	1,368	1,331	1,227	1,119	1,036	858	0	0	0
Net interest income after provisions for credit losses
1,269	1,269	1,272	1,253	1,228	1,168	1,096	1,037	979	943	891	846	797	731	687	653	635	612	575	556	547	492	6	-26	-61	392	-509	-57	338	342	244	171	244	281	2,184	2,222	2,159	2,060	1,852	1,542	1,134	604	562	617	0	0	0
Non-interest income:
Gains on sales of loans, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of loans, net
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	121	145	103	175	196	0	0	0	-	-	-	-	-	-	-	-	-	18	0	0	-	0	-	-	0	0
Gain (Loss) on Sales of Mortgage Backed Securities (MBS)
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securitization servicing and Residual Interest revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	295	212	58	0	0	0
Gains on derivatives and hedging activities, net
60	17	27	20	-1	-0	-7	-0	1	-8	-11	-11	-5	-0	4	2	1	5	5	11	0	-3	26	21	30	0	562	329	335	-5	0	0	0	-	-1,261	-1,125	-520	-361	-365	-133	-790	-604	-811	-337	0	0	0
Servicing revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	282	280	286	311	0	0	0	-	-	-	-	-	-
Contingency revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	325	325	327	330	316	314	299	294	319	321	0	0	0
Gains on debt repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	373	355	264	317	0	0	0	-	-	-	-	-	-
Collections revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Guarantor servicing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Other income
25	31	37	-58	-48	-52	-79	5	3	5	39	56	59	69	68	57	54	41	40	35	39	39	13	17	11	37	48	41	30	36	90	89	94	76	23	18	13	5	-646	-492	-90	88	834	793	0	0	0
Total non-interest income
324	48	65	-37	-49	-51	-86	5	4	-2	28	45	54	68	131	118	191	182	122	209	127	157	198	184	0	-	0	0	-	266	792	523	-3	98	-155	-7	688	927	1,023	1,532	1,212	1,333	585	791	0	0	0
Total other income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-interest expenses:
Compensation and benefits
283	278	271	269	262	252	246	235	226	213	203	195	189	183	178	173	167	158	155	148	141	129	21	16	11	106	-69	17	107	109	88	113	121	129	506	506	520	535	552	555	553	540	571	598	0	0	0
FDIC assessment fees
34	32	30	30	31	32	33	31	30	28	27	24	22	19	17	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
263	263	276	275	277	271	250	228	214	206	198	192	184	183	170	168	174	175	176	167	145	139	74	76	87	163	-19	44	119	144	-18	21	50	83	579	596	624	595	483	481	481	503	702	725	0	0	0
Total operating expenses
-	-	-	-	-	-	-	-	-	-	428	411	395	-	372	365	360	349	342	321	292	274	96	93	99	270	-89	62	226	253	144	209	246	287	1,086	1,103	1,145	1,130	0	0	0	-	-	-	-	-	-
Acquired intangible asset amortization expense
-	-	-	-	-	-	-	-	-	-	0	0	0	-	1	1	1	1	0	1	1	3	2	2	2	3	3	6	11	13	1	2	3	4	-128	535	539	543	699	0	0	-	0	-	-	-	-
Restructuring and other reorganization expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	16	29	42	38	18	4	-9	0	0	2	5	0	0	0	0	-	39	48	64	85	53	45	31	10	20	64	0	0	0
Total non-interest expenses
581	574	578	575	572	556	529	495	471	449	428	412	395	386	372	367	362	355	359	352	337	316	117	99	92	274	-85	71	242	266	148	213	250	291	997	1,687	1,748	1,758	1,844	1,178	1,152	1,129	1,303	1,388	0	0	0
Income before income tax expense
1,012	743	759	640	606	559	480	547	512	491	491	479	455	414	445	405	464	439	338	412	337	333	-52	-110	-63	416	167	378	719	341	887	480	-10	87	1,032	528	1,099	1,229	1,031	1,897	1,194	808	-155	20	0	0	0
Income tax expense
230	165	175	80	87	71	93	187	192	202	179	186	176	164	175	146	171	164	134	171	143	139	-13	-38	-23	158	74	148	270	126	331	181	2	34	310	230	439	500	464	670	428	264	-72	0	0	0	0
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	721	297	659	729	566	1,226	765	544	0	0	0	-	-
Income from discontinued operations, net of tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-152	-176	-194	-199	-175	-180	-180	-220	0	0	0	-	-
Net income
782	578	584	559	519	487	386	359	320	288	312	292	279	250	269	258	292	274	204	241	194	193	-39	-73	-41	257	97	235	450	215	520	286	-10	53	0	0	0	-	-	-	-	324	0	0	0	0	0
Less: net loss attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-1	-1	-1	-1	0	-0	-0	-1	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	194	-38	-71	-39	258	97	236	451	217	524	289	-8	54	569	121	464	530	391	1,046	585	324	-143	-36	0	0	0
Preferred stock dividends
15	16	17	17	16	15	14	13	13	15	18	20	21	21	20	20	19	19	19	19	17	12	3	-1	-5	0	-10	-5	0	0	0	0	0	-	28	42	57	72	107	131	138	146	122	107	0	0	0
Net income attributable to SLM Corporation common stock
766	561	567	542	502	471	372	345	306	273	294	272	257	229	249	238	272	254	184	221	176	181	-41	-70	-34	258	107	241	451	217	0	0	0	-	540	78	407	458	284	914	447	178	-265	-143	0	0	0
Continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Net income (loss) attributable to SLM Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76	-	0.39	0.60	-	-	-0.14	-0.04	0.32	1.27	-1.06	0.67	0.47	-	0.26	-0.31	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-0.01	-	-	0.04	0.02	0.00	-0.38	-0.01	-0.01	-0.01	6,541,999.64	-0.01	-6,542,000.00	-0.10	-	-
Basic earnings per common share attributable to SLM Corporation (in dollars per share)
0.88	0.33	0.29	0.34	0.35	0.33	0.23	0.24	0.28	0.10	0.17	0.15	0.21	0.16	0.12	0.12	0.14	0.20	0.10	0.20	0.10	0.04	0.18	0.10	0.11	0.00	0.11	0.17	0.76	-0.73	0.39	0.59	0.21	-	-0.10	-0.02	0.32	0.88	-1.06	0.66	0.46	0.55	0.25	-0.32	-0.10	-0.40	0.51
Average common shares outstanding (in shares)
409	421	424	429	434	435	435	435	433	432	431	431	429	428	428	427	427	426	426	425	424	423	423	422	426	433	436	439	451	455	464	482	503	-	511	524	527	493	485	484	484	480	470	466	466	466	466
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.74	-	0.39	0.60	-	-	-0.14	-0.04	0.32	1.31	-1.06	0.64	0.46	-	0.26	-0.31	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-0.01	-	-	0.04	0.02	0.00	-0.38	-0.01	-0.01	-0.01	-0.35	-0.01	-0.01	-0.10	-	-
Diluted earnings per common share attributable to SLM Corporation (in dollars per share)
0.87	0.32	0.29	0.34	0.35	0.32	0.23	0.24	0.28	0.10	0.17	0.15	0.20	0.15	0.12	0.12	0.14	0.20	0.09	0.20	0.10	0.04	0.18	0.09	0.11	0.00	0.11	0.17	0.74	-0.74	0.39	0.59	0.21	-	-0.10	-0.02	0.32	0.92	-1.06	0.63	0.45	0.55	0.25	-0.32	-0.10	-0.40	0.50
Average common and common equivalent shares outstanding (in shares)
412	424	427	432	438	440	440	439	438	438	438	438	438	435	433	431	430	431	432	432	432	432	431	430	434	443	444	448	458	462	471	488	510	-	511	524	532	412	485	527	526	483	471	466	466	466	517
Declared dividends per common share attributable to SLM Corporation (in dollars per share)
0.03	0.03	0.00	0.06	0.03	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.15	-	0.12	0.12	0.12	-	0.10	0.10	-	-	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00