SLM Corp
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 6. Selected Financial Data
The following table sets forth our selected financial and other operating information. The selected financial data in the table is derived from our consolidated financial statements. The data should be read in conjunction with the consolidated financial statements, related notes, and Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
| Years Ended December 31,(dollars in millions, except per share amounts) | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Operating Data: | |||||
| Net interest income | $1,562 | $1,489 | $1,395 | $1,480 | $1,623 |
| Non-interest income | 247 | 335 | 632 | 331 | 49 |
| Total revenue | 1,809 | 1,824 | 2,027 | 1,811 | 1,672 |
| Net income | $581 | $469 | $1,161 | $881 | $578 |
| Basic earnings per common share | $2.44 | $1.78 | $3.67 | $2.27 | $1.31 |
| Diluted earnings per common share | $2.41 | $1.76 | $3.61 | $2.25 | $1.30 |
| Dividends per common share(1) | $0.44 | $0.44 | $0.20 | $0.12 | $0.12 |
| Return on common stockholders’ equity | 36% | 25% | 54% | 45% | 21% |
| Net interest margin | 5.50 | 5.31 | 4.81 | 4.81 | 5.76 |
| Return on assets | 2.03 | 1.64 | 3.92 | 2.84 | 1.96 |
| Dividend payout ratio | 18 | 25 | 6 | 5 | 9 |
| Average equity/average assets | 6.37 | 7.19 | 8.09 | 7.23 | 10.56 |
| Balance Sheet Data: | |||||
| Total education loans held for investment portfolio, net | $20,306 | $19,627 | $20,318 | $19,172 | $23,680 |
| Total assets | 29,169 | 28,811 | 29,222 | 30,770 | 32,686 |
| Total deposits | 21,653 | 21,448 | 20,828 | 22,666 | 24,284 |
| Total borrowings | 5,228 | 5,235 | 5,931 | 5,189 | 4,643 |
| Total SLM Corporation stockholders’ equity | 1,881 | 1,727 | 2,150 | 2,563 | 3,312 |
| Book value per common share | 7.40 | 6.13 | 6.81 | 6.16 | 6.91 |
(1) Common stock dividend declarations are subject to determination by, and the discretion of, our Board of Directors. We may change our common stock dividend policy at any time.
46 SLM CORPORATION—2023 Form 10-K
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.