SLM Corp
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
SLM$16.78-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| CONSOLIDATED BALANCE SHEETS | ||
|---|---|---|
| As of December 31, (dollars in thousands, except share and per share amounts) | 2023 | 2022 |
| Assets | ||
| Cash and cash equivalents | $4,149,838 | $4,616,117 |
| Investments: | ||
| Trading investments at fair value (cost of $43,412 and $47,554, respectively ) | 54,481 | 55,903 |
| Available-for-sale investments at fair value (cost of $2,563,984 and $2,554,332, respectively) | 2,411,622 | 2,342,089 |
| Other investments | 91,567 | 94,716 |
| Total investments | 2,557,670 | 2,492,708 |
| Loans held for investment (net of allowance for losses of $1,339,772 and $1,357,075, respectively) | 20,306,357 | 19,626,868 |
| Loans held for sale | — | 29,448 |
| Restricted cash | 149,669 | 156,719 |
| Other interest-earning assets | 9,229 | 11,162 |
| Accrued interest receivable | 1,379,904 | 1,202,059 |
| Premises and equipment, net | 129,501 | 140,728 |
| Goodwill and acquired intangible assets, net | 68,711 | 118,273 |
| Income taxes receivable, net | 366,247 | 380,058 |
| Tax indemnification receivable | — | 2,816 |
| Other assets | 52,342 | 34,073 |
| Total assets | $29,169,468 | $28,811,029 |
| Liabilities | ||
| Deposits | $21,653,188 | $21,448,071 |
| Long-term borrowings | 5,227,512 | 5,235,114 |
| Other liabilities | 407,971 | 400,874 |
| Total liabilities | 27,288,671 | 27,084,059 |
| Commitments and contingencies | ||
| Equity | ||
| Preferred stock, par value $0.20 per share, 20 million shares authorized: | ||
| 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: 438.2 million and 435.1 million shares issued, respectively | 87,647 | 87,025 |
| Additional paid-in capital | 1,148,689 | 1,109,072 |
| Accumulated other comprehensive loss (net of tax benefit of $(24,176) and $(30,160), respectively) | (75,104) | (93,870) |
| Retained earnings | 3,624,859 | 3,163,640 |
| Total SLM Corporation stockholders’ equity before treasury stock | 5,037,161 | 4,516,937 |
| Less: Common stock held in treasury at cost: 217.9 million and 194.4 million shares, respectively | (3,156,364) | (2,789,967) |
| Total equity | 1,880,797 | 1,726,970 |
| Total liabilities and equity | $29,169,468 | $28,811,029 |
2023 Form 10-K — SLM CORPORATIONF-7
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