SLM Corporation (BIT:1SLM)

SLM Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	2,627	2,619	2,592	2,032	1,777	2,022
Total Interest Expense	1,153	1,138	1,030	542.8	381.93	492.12
Net Interest Income	1,473	1,481	1,562	1,489	1,395	1,530
Gain (Loss) on Sale of Loans & Receivables	187.68	254.93	160.29	327.75	548.32	238.32
Gain (Loss) on Sale of Investments	-16.77	0.47	2.68	-60.27	39.1	4.37
Other Revenue	114.22	112.87	84.15	67.16	44.89	39.22
Revenue Before Loan Losses	1,759	1,849	1,809	1,823	2,027	1,811
Provision for Loan Losses	551.65	408.52	345.46	633.45	-32.96	93.13
Revenue	1,207	1,441	1,464	1,190	2,060	1,718
Revenue Growth (YoY)	-28.36%	-1.59%	23.02%	-42.24%	19.89%	30.37%
Salaries & Employee Benefits	343.38	349.39	326.55	270.35	258.32	282.5
Cost of Services Provided	48.75	51.61	45.77	20.94	23.37	21.96
Other Operating Expenses	246.73	235.58	245.93	257.57	236.96	233.64
Total Operating Expenses	643.5	641.9	684.62	556.64	518.65	538.09
Operating Income	563.36	798.64	779.25	633.33	1,542	1,180
EBT Excluding Unusual Items	563.36	798.64	779.25	633.33	1,542	1,180
Restructuring Charges	-	-	-	-	-1.26	-26.22
Pretax Income	563.36	798.64	778.3	630.73	1,540	1,154
Income Tax Expense	121.14	190.31	196.91	161.71	379.75	273.32
Earnings From Continuing Ops.	442.21	608.33	581.39	469.01	1,161	880.69
Net Income	442.21	608.33	581.39	469.01	1,161	880.69
Preferred Dividends & Other Adjustments	16.94	18.3	17.71	9.03	4.74	9.73
Net Income to Common	425.27	590.03	563.69	459.99	1,156	870.96
Net Income Growth	-40.22%	4.63%	23.96%	-59.59%	31.77%	52.30%
Shares Outstanding (Basic)	211	216	231	258	315	384
Shares Outstanding (Diluted)	215	220	234	262	320	387
Shares Change (YoY)	-4.42%	-6.04%	-10.49%	-18.26%	-17.38%	-10.10%
EPS (Basic)	2.01	2.73	2.44	1.78	3.67	2.27
EPS (Diluted)	1.97	2.68	2.41	1.76	3.61	2.25
EPS Growth	-38.53%	11.20%	36.93%	-51.25%	60.44%	73.08%
Dividend Per Share	0.500	0.460	0.440	0.440	0.200	0.120
Dividend Growth	13.64%	4.54%	-	120.00%	66.67%	-
Operating Margin	46.68%	55.44%	53.23%	53.22%	74.83%	68.69%
Profit Margin	35.24%	40.96%	38.51%	38.66%	56.10%	50.69%
Effective Tax Rate	21.50%	23.83%	25.30%	25.64%	24.65%	23.68%

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.