Financial Statements — SLM
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.59 | 5.16 | 3.54 | 4.09 | 3.70 | 4.49 | 5.26 | 3.58 | 3.55 | 3.88 | 3.72 | 4.85 | 3.65 | 3.26 | 2.72 | 4.50 | 6.21 |
| Net Loans & Leases | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 19.62 | 19.20 | 21.29 | 21.28 | 20.12 | 20.37 |
| Total Assets | 28.58 | 29.41 | 29.61 | 29.60 | 28.90 | 30.01 | 28.77 | 28.28 | 29.27 | 27.71 | 29.45 | 29.14 | 27.50 | 29.05 | 28.79 | 28.93 | 30.63 |
| Total Deposits | 19.89 | 20.53 | 20.01 | 20.48 | 20.07 | 21.45 | 20.74 | 20.90 | 21.55 | 20.36 | 21.80 | 21.28 | 19.98 | 21.19 | 20.89 | 21.12 | 22.80 |
| Long-term Debt | 5.84 | 5.67 | 6.84 | 6.41 | 6.15 | 6.04 | 5.40 | 4.98 | 5.52 | 5.21 | 5.51 | 5.52 | 5.22 | 5.55 | 5.22 | 4.99 | 4.92 |
| Total Liabilities | 26.10 | 26.97 | 27.26 | 27.23 | 26.50 | 27.88 | 26.49 | 26.16 | 27.47 | 25.90 | 27.63 | 27.16 | 25.52 | 27.01 | 26.66 | 26.62 | 28.02 |
| Retained Earnings | 5.04 | 5.01 | 4.53 | 4.43 | 4.39 | 4.03 | 4.11 | 3.88 | 3.49 | 3.49 | 3.25 | 3.27 | 3.23 | 2.91 | 2.54 | 2.48 | 2.35 |
| Total Stockholder Equity* | 2.47 | 2.44 | 2.34 | 2.37 | 2.40 | 2.13 | 2.28 | 2.11 | 1.80 | 1.81 | 1.83 | 1.98 | 1.98 | 2.04 | 2.13 | 2.30 | 2.61 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Interest & Dividend Income | 602.05 | 649.31 | 656.82 | 657.59 | 656.76 | 656.09 | 661.37 | 652.64 | 641.48 | 663.56 | 668.55 | 652.25 | 633.91 | 637.60 | 583.60 | 519.91 | 463.03 | 465.04 | 458.44 | 447.56 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 276.54 | 282.66 | 267.62 | 247.27 | 232.53 | 202.17 | 150.40 | 100.22 | 90.01 | 91.09 | 90.04 |
| Net Interest Income | 332.82 | 375.41 | 377.06 | 372.98 | 376.82 | 374.97 | 362.19 | 359.40 | 372.17 | 387.02 | 385.89 | 384.63 | 386.63 | 405.07 | 381.43 | 369.51 | 362.81 | 375.03 | 367.35 | 357.52 |
| Provision for Credit Losses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 44.95 | (90.80) | 43.37 | (215.06) | (6.53) |
| Non-interest Income | 68.29 | 184.58 | 77.05 | 172.70 | 26.78 | 206.04 | 27.78 | 24.52 | 141.81 | 174.16 | 57.11 | 24.24 | 144.05 | 21.71 | (40.64) | 95.10 | 258.25 | 21.93 | 152.76 | 13.91 |
| Non-interest Expense | 194.98 | 171.10 | 156.89 | 180.40 | 167.24 | 154.61 | 149.63 | 172.02 | 158.60 | 161.65 | 202.11 | 170.24 | 156.41 | 156.81 | 140.06 | 152.29 | 134.15 | 132.74 | 125.50 | 140.76 |
| Pretax Income | 80.46 | 400.35 | 316.00 | 185.81 | 87.63 | 403.12 | 132.17 | (59.56) | 338.55 | 387.49 | 225.29 | 40.61 | 356.55 | 155.86 | (96.53) | 104.72 | 456.37 | 166.17 | 409.93 | 92.23 |
| Tax Provision | 21.94 | 92.40 | 82.81 | 49.96 | 16.36 | 98.58 | 20.61 | (14.41) | 86.55 | 97.55 | 56.84 | 11.24 | 91.48 | 37.34 | (19.49) | 29.55 | 114.30 | 37.36 | 103.66 | 19.39 |
| Net Income | 58.53 | 307.95 | 233.19 | 135.85 | 71.27 | 304.54 | 111.55 | (45.15) | 251.99 | 289.93 | 168.44 | 29.37 | 265.07 | 118.52 | (77.04) | 75.17 | 342.07 | 128.81 | 306.27 | 72.84 |
| Basic EPS | 0.29 | 1.56 | 1.13 | 0.64 | 0.32 | 1.43 | 0.54 | (0.23) | 1.13 | 1.29 | 0.75 | 0.11 | 1.11 | 0.47 | (0.27) | 0.29 | 1.30 | 0.46 | 1.21 | 0.24 |
| Diluted EPS | 0.29 | 1.54 | 1.11 | 0.63 | 0.32 | 1.40 | 0.53 | (0.23) | 1.11 | 1.27 | 0.73 | 0.11 | 1.10 | 0.47 | (0.27) | 0.29 | 1.29 | 0.45 | 1.18 | 0.24 |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (0.13) | (0.08) | (0.06) | (0.05) | (0.14) | (0.15) | 0.00 | (0.11) | (0.14) | (0.08) | (0.03) | (0.06) | (0.07) | 0.01 | -0.00 | 0.00 | (0.06) | 0.06 | 0.05 | 0.08 |
| Investing Cash Flow | 0.54 | 1.59 | 0.84 | (0.25) | (0.03) | 0.50 | 0.27 | (1.81) | 1.65 | 0.57 | 0.92 | (1.70) | 2.23 | (1.47) | 0.06 | (0.34) | 2.35 | (0.99) | 1.42 | (1.61) |
| Financing Cash Flow | (0.99) | (0.55) | (0.09) | (0.22) | 0.56 | (1.36) | (0.06) | 1.18 | 0.17 | (1.06) | (0.32) | 1.45 | (2.04) | 0.59 | (0.31) | 1.57 | (1.94) | (0.17) | 0.18 | (0.25) |
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q4
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 | Q4
2020 |
|---|
| Dividends Per Share | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.11 | 0.13 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.33 | 0.11 | 0.11 | 0.11 | 0.09 | 0.03 | 0.03 | 0.03 |
